{
    "_id": "dd4bff516",
    "title": "",
    "text": "containerboard kraft papers.\n kapstone owns victory packaging packaging facilities. canada mexico.\n included financial results kapstone corrugated packaging segment since.\n september 4 2018 acquisition schl fcter print pharma packaging.\n leading provider differentiated paper packaging solutions german-based supplier leaflets booklets.\n acquisition automotive platform footprint.\n financial results consumer packaging segment.\n january 5 2018 acquisition assets plymouth packaging.\n.\n on demand systems manufactured panotec italian manufacturer packaging.\n enhanced platform differentiation innovation.\n custom on-demand corrugated packaging sized.\n continuous board.\n westrock acquired plymouth equity interest panotec right distribute equipment.\n canada.\n integrated 60000 tons containerboard plymouth annually.\nincluded financial results corrugated packaging segment since acquisition.\n.\n acquisitions investment.\n.\n unsuccessful mergers acquisitions investments divestitures.\n.\n year 2018 net sales $ 18289. $ 16285.\n segment income $ 1790. $ 1707.\n differentiated paper packaging solutions.\n changing cost price environment.\n net sales $ 18289. million increased $ 2003. million. 3%.\n due kapstone acquisition higher selling price corrugated consumer packaging segments.\n offset absence recycling sales procurement lower volumes unfavorable foreign currency impacts decreased land development net sales.\n income increased $ 82. 6 million corrugated packaging.\nkapstone operations selling price productivity offset lower volumes economic downtime cost inflation maintenance outage expense lower land development income.\n higher cost inflation corrugated consumer packaging offset fiber deflation.\n virgin fiber freight energy wage costs.\n generated $ 2310. 2 million net cash $ 1931. 2 million 2018.\n capital allocation"
}
{
    "_id": "dd4c55cc2",
    "title": "",
    "text": "entergy mississippi.\n regulatory charges net income.\n increased under-recovery capacity charges.\n 2003 2002 net revenue revenues fuel purchased power expenses regulatory charges.\n change revenue 2003 2002.\n 2002 net revenue $ 380.\n base rates.\n.\n 2003 net revenue $ 426.\n increase base rates 2003.\n operating revenue expenses increased base rates $ 29. million fuel cost recovery revenues.\n offset decrease $ 35. million wholesale revenue decreased generation energy.\n fuel-related expenses decreased recovery purchased power costs market price power.\n regulatory charges increased over-recovery capacity charges grand gulf cessation grand gulf accelerated recovery tariff.\n operation maintenance expenses increased $ 6. million customer service support costs $ 3. million benefit costs.\noffset voluntary severance program accruals $. million.\n higher ad valorem franchise taxes.\n expenses 2022 severance program accruals $. million $. million benefit costs."
}
{
    "_id": "dd4c5a718",
    "title": "",
    "text": "five year $ 1350 million multi- currency senior unsecured credit facility maturing november 30 2012.\n $ 128. million outstanding december 31 2009 $ 1221. 2 million.\n increase line $ 1750 million.\n uncommitted credit facilities $ 84. 1 million.\n use excess cash borrow credit facility limits repurchase additional common stock $ 1. 25 billion program expires december 31 2010.\n $ 211. 1 million future repurchases.\n cash flows borrowings working capital capital expenditure debt service needs.\n additional capital.\n third parties future payments.\n obligations 2010.\n long-term debt $ 1127. 128. 998\n interest payments 1095. 103\n leases 134.\n purchase obligations.\n long-term income taxes 94.15. 22.\n long-term liabilities 234. 2013 81. 26. 126.\n contractual obligations $ 2719. $ 118. $ 423. $ 172. $ 2005.\n long-term income taxes 94. 56. 15. 22. liabilities 234. 81. 26. 126. obligations $ 2719. $ 118. $ 423. $ 172. 2005. accounting estimates results accounting policies methods.\n judgment.\n excess inventory instruments.\n.\n reserves adjust inventory instruments value.\n evaluate stock levels patterns demand.\n work-in-progress inventory.\n obsolete discontinued items.\n changes valuation reserves market conditions offerings.\n taxes expense deferred tax assets liabilities reserves future taxes.\n subject income taxes.\n foreign jurisdictions.\n judgments estimates consolidated income tax expense.\nestimate income tax expense liabilities assets by taxable jurisdiction.\n realization deferred tax assets future taxable income.\n evaluate deferred tax assets provide valuation allowances if deferred tax benefit realized.\n federal income taxes provided on income foreign subsidiaries remitted.\n calculation tax liabilities involves uncertainties complex tax laws regulations jurisdictions.\n subject to regulatory review audit time.\n record income tax provisions based facts circumstances tax laws settlement examinations tax.\n recognize tax liabilities financial accounting standards board guidance adjust liabilities when new information.\n resolution payment different.\n differences reflected as increases income tax expense.\n accruals for product liability claims established counsel based current information historical settlement information.\n actuarial model level accruals for claims.\n.\n2 0 0 9 job c55340 030000000|02/24/2010 00:22 valid no graphics color d|"
}
{
    "_id": "dd4be0184",
    "title": "",
    "text": "agreements govern indebtedness acquisition contain restrictions us subsidiaries businesses.\n carefusion transaction contain restrict subsidiaries liens transact business merge consolidate sell convey assets.\n financial covenants maintain financial ratios.\n affected by events beyond control.\n failure default repayment obligations.\n.\n.\n.\n.\n executive offices in franklin lakes new jersey.\n 2016 owned leased 255 facilities 19796011 square feet manufacturing warehousing administrative research facilities.\n.\n facilities 7459856 square feet owned 2923257 square feet leased space.\n international facilities 7189652 square feet owned 2223245 square feet leased space.\n sales offices distribution centers throughout.\n operations at.\n international locations.\ninternational marketplace facilities serve business segment multiple purposes manufacturing warehousing.\n manufacturing facilities some leased.\n table summarizes property information business segment.\n sciences medical mixed\n leased 19 75\n owned\n 103\n square feet\n.\n good construction physical condition operations utilized normal capacity.\n.\n alabama arizona california connecticut florida georgia illinois indiana maryland massachusetts michigan nebraska new jersey north carolina ohio oklahoma south carolina texas utah virginia washington. wisconsin puerto rico.\nfacilities east africa denmark england france ghana hungary ireland kenya luxembourg netherlands poland russia saudi south africa spain sweden switzerland turkey emirates zambia."
}
{
    "_id": "dd4b93b5e",
    "title": "",
    "text": "amended $ 1. billion unsecured revolving credit facility maturity 2008 to 2010 interest rate libor. commitment fee. 2%. undrawn portion december 31 2005.\n entered $ 100. million unsecured loans due 2010 interest libor. 8%. december 31 2005.\n eight-year $ 225. million unse loan libor. 75%. amended 2005 interest rate. december.\n liquid yield option 2122 zero coupon convertible notes unsecured bonds yields maturity 4. 875%. due 2021.\n issued $ 381. $ 391. principal amount maturity $ 1000.\n convertible. 7152. 6675 shares common stock market price.\n conditions december 31 2005 2004.\nfebruary 2 2005 redeem liquid yield option 2122 notes may 18 2006 zero coupon notes cash.\n holders 2122 2011 may 18 2009 2014.\n purchase cash common stock.\n 2005 converted $ 10. 4 million $ 285. million. million 9. million shares common stock.\n redemption $ 182. 3 million 2122.\n common stock issuance 4. 5 million shares.\n 2005 prepaid $ 297. million term loan variable rate unsecured term loan.\n 1996 $ 264. million capital lease splendour seas 1995 $ 260. million legend seas.\n 2005 paid $ 335. 8 million purchase options lease.\n interest rate commitment fee vary debt rating.\n unsecured senior notes debentures not redeemable prior maturity.\ndebt agreements maintain minimum net worth charge ratio limit debt to capital ratio.\n compliance covenants december 31 2005.\n schedule annual maturities long-term debt five years.\n 2006 600883\n 2007 329493\n 2008 245257\n 2009 361449\n 2010 687376\n $ 137. million value zero coupon convertible notes december 31 2005 2009.\n holders purchase notes value $ 161. 7 mil may 18 2009.\n calculated 2005.\n pay cash common stock.\n.\n forward sale agreement.\n purchased. million shares common stock $ 45. 40 per share.\n $ 249. 1 million recorded equity stock.\n sale contract matured february 2006.\n investment bank purchased shares.\n received 218089 additional shares.\n recorded equity first quarter 2006.\nemployee stock purchase plan since january 1 1994 facilitates purchase 800000 shares common stock.\n offerings quarterly.\n pur- chase price equal 90% market prices new york stock exchange first last.\n 14476  13281 21280 royal caribbean cruises ltd.\n"
}
{
    "_id": "dd4c42172",
    "title": "",
    "text": "contents financial statements.\n legal proceedings.\n.\n safety disclosures.\n.\n common stock trades nasdaq market 201cmktx.\n closing price february 16 2012 closing price $ 32.\n 41 holders.\n dividend policy quarterly dividend fourth quarter 2009.\n 2010 2011 paid dividends $ 0. 07 $. 09 share.\n january 2012 approved quarterly dividend $ 0. 11 per share march 1 2012.\n future payment dividends discretion board directors.\n business conditions financial results capital requirements legal regulatory restrictions.\n recent sales unregistered securities.\n common equity matters issuer purchases equity securities.\n january 1 march 31 $ 24.\n april 1 june 30.\n july 1 september 30.\n october 1 december 31.\n2010\n january march 16. 13.\n april june 17.\n july september. 12.\n october december 31 20. 93 16."
}
{
    "_id": "dd4c2cb10",
    "title": "",
    "text": "$ 19 million expenses 2011 2010 remaining unallocated.\n financed acquisition $ 1. billion $ 1. billion unsecured notes 61 million shares common stock.\n stock options converted. million shares common stock.\n note 8.\n assets liabilities fair values.\n liabilities.\n working capital 348\n property equipment software 297\n intangible assets\n 1800\n trademarks 890\n technology\n noncurrent assets 344\n long-term debt 346\n liabilities 360\n deferred tax 1021\n assets acquired 2167\n goodwill 2765\n transferred\n cash equivalents short-term investments receivables assets accounts liabilities.\n deferred contract costs long-term investments.\n unfavorable lease obligations deferred contract revenues.\ncurrent assets $ 31 million deferred tax $ 30 million liabilities $ 7 million $ 1. billion.\n customer relationships amortized 12 years.\n technology asset amortized 7 years trademarks indefinite.\n goodwill excess acquisition cost assets synergies benefits combining hewitt aon future benefits.\n goodwill not amortized not deductible tax.\n estimate fair value judgments estimates assumptions.\n"
}
{
    "_id": "dd4bdfd38",
    "title": "",
    "text": "westrock company financial statements 2018 2017 net losses $ 698. 4 million $ 673. 7 million carryforward.\n majority expire 2020 2038 portion indefinite.\n tax values losses $ 185. 8 million $ 182. 6 million 2018 2017 valuation allowances $ 161. 5 million $ 149. 6 million.\n state tax credit carryforwards $ 64. 8 million $ 54. 4 million.\n expire 5 10 years credits carried forward indefinitely.\n valuation allowances $ 56. 1 million $ 47. 3 million.\n uncertainty taxable income.\n valuation allowances deferred tax assets 2018 2017 2016.\n balance $ 219. $ 177. 100.\n 50. 24\n.\n.\n end fiscal $ 229. $ 219. $ 177.\nfiscal 2018 2017 mps acquisition.\n adjustments 2016 sp fiber acquisition.\n earnings foreign subsidiaries repatriation provide taxes.\n unremitted earnings differences subsidiaries indefinitely reinvested.\n taxes.\n september 30 2018 estimate outside difference subsidiaries approximately $ 1. 5 billion.\n purchase accounting adjustments undistributed earnings equity components.\n taxes reversal differences.\n distribution dividends dispositions incremental.\n income taxes adjustment foreign tax credits withholding taxes jurisdictions.\n determination unrecognized deferred tax liability remaining undistributed foreign earnings practicable."
}
{
    "_id": "dd4bf38ba",
    "title": "",
    "text": "tower corporation subsidiaries financial statements 2014 $ 10. 08 $ 7. 05 $ 6. 32 per share.\n assumptions pricing model july 1 2005 2013 december 31.\n risk-free interest rate 3. 22%. 22 %. 40%. 17%. 40%. 23%. 23 %.\n option grants. 25 years 4\n volatility stock 29. 6%. 6 % 75. 3%. 79. 2%. 2 80. 6%. 6 % 86. 6%. 6 %\n volatility stock mexico south america\n dividends\n option exchanges 2004 issued employees 1032717 options price $ 11. 19 per share.\n voluntary option exchange program 2003 accepted 1831981 shares common stock exercise price $ 10. 25.\nprogram offered to full part-time employees excluding executive officers directors grant surrender new options two shares three shares exercise surrendered option.\n no options granted employees between cancellation new grant atc mexico stock option plan maintains mexico subsidiary.\n options officers employees directors consultants.\n limits common stock 360 shares capital structure.\n 2002 granted options purchase 318 shares common stock to officers employees.\n options issued exercise price $ 10000 per share.\n market independent appraisal.\n fair value options $ 3611 per share black-scholes option pricing model.\n outstanding options exercised in march 2004.\n no options outstanding december 31 2005.\n. south stock option plan.\n options officers employees directors consultants.\natc south america plan limits common stock 6144 shares 10. 3%. interest fully-diluted subject adjustment changes capital structure.\n 2004 granted options purchase 6024 shares officers employees including.\n gearon hess 6. 7%. 1. 6%. interest.\n options issued exercise price $ 1349 per share.\n fair market value issuance determined board directors independent appraisal.\n fair value options 2004 $ 79 per share black-scholes option pricing model.\n.\n interest"
}
{
    "_id": "dd4bf1a38",
    "title": "",
    "text": "financial statements.\n group.\n guarantees securities gs finance corp. wholly subsidiary.\n guaranteed obligations goldman sachs.\n. bank usa execution clearing.\n exceptions.\n 2008 contributed subsidiaries gs bank usa.\n reimbursement losses credit-related.\n.\n gs bank usa collateral interests subsidiaries illiquid assets.\n.\n guarantees obligations subsidiaries transaction-by.\n.\n maximum payout subsidiary guarantees guaranteed obligations. liabilities not disclosed.\n.\n dividends share $ 2. 2014 $. 2013 $ 1. 2012.\n.\n dividend $ 0. 60 common share march 30.\n share repurchase program common equity.\nshare repurchase program open-market purchases rule 10b5-1 amounts timing determined by firm capital position by market conditions price trading volumes common stock.\n confirmation federal reserve board.\n table common stock repurchased 2014 2013 2012.\n repurchases 31. 39.\n cost per share $ 171. $ 157.\n cost repurchases $ 5469 $ 6175 $ 4637\n employees remit shares cancel restricted stock units options tax withholding.\n 2014 2012 employees remitted 174489 161211 33477 value $ 31 million $ 25 million $ 3 million cancelled. million. million million total value $ 974 million $ 599 million $ 1. 44 billion.\n cancelled 15. 6 million stock options $ 2. 65 billion.\n"
}
{
    "_id": "dd4c54eb2",
    "title": "",
    "text": ".\n mine safety disclosures.\n registrant 2019s common equity issuer purchases stock listed new york stock exchange.\n transfer agent registrar broadridge corporate issuer solutions.\n 1342 brentwood new york 11717 844 318-0129. 720 website. e-mail shareholder.\n 31 october 2018 5391 holders common stock.\n cash dividends paid quarterly.\n.\n board directors determines dividends timing financial condition.\n dividend information 2018 2017.\n.\n.\n.\n fourth.\n.\n purchases equity securities 2011 board directors authorized repurchase $ 1. billion common stock.\n expiration date.\n securities exchange act 1934.\n no purchases 2018.\n 30 september 2018 $ 485. 3 million share repurchase authorization remained.\n purchases company discretion funds growth opportunities."
}
{
    "_id": "dd4c117c0",
    "title": "",
    "text": "fair value recognize effective cash flow hedges.\n year december 31 2000 earnings $ 2371 preferred stock dividends $ 16266 redemption pca 20448% preferred stock.\n october 13 2003 pca quarterly cash dividend $ 0. 15 per share $. 60 annually common stock.\n first quarterly dividend $ 0. paid january 15 2004.\n dividends common stock 2000 - 2002.\n long-term obligations short-term current maturities.\n.\n financial condition results operations audited financial statements notes.\n april 12 1999 pca acquired containerboard corrugated products business pactiv corporation tenneco packaging. subsidiary.\n division not entity.\n significant operations.\n accounted historical values assets.\n purchase accounting applied change control participating veto rights pactiv.\noperations 2004 historical results 2003 millions 2003.\n $ 1890. $ 1735. 5 $ 154. 6\n before interest taxes $ 140. $ 96. 9 $ 43.\n. 6 29. -121. 8 121. 92.\n before taxes 110. 9. 24 135.\n taxes -42. 2 42. 10. 5. 52.\n income loss $ 68. 7 4 14. $ 83."
}
{
    "_id": "dd4b905bc",
    "title": "",
    "text": "citigroup capital resources estimates common equity tier 1 capital total capital ratio requirements.\n rules 3% ( 3 % ) surcharge 10% 11. 5%. 13. 5%.\n.\n comply 4% ( 4 % 1 leverage ratio 5% ( 5 % supplementary leverage ratio.\n tables capital tiers risk-weighted assets risk-based capital ratios quarterly adjusted average total assets leverage exposure ratios implementation.\n december 31 2015 2014.\n capital components ratios basel iii millions.\n common equity tier 1 capital $ 146865 136597\n capital 164036 148066\n total capital 186097 198655 165454 178413\n risk-weighted assets 1216277 1162884 1292605 1228488\n common equity tier 1 capital ratio.12. 07 %. 63%. 63 %. 57%. 57 % 11. 12%. 12 %\n 1 capital ratio 13. 49 14. 11. 45.\n 15. 30 17. 80.\n equity 1 capital. 07%. 07 %. 63%. 63 %. 57%. 57 %. 12%. 12 % 13. 49. 52 millions dollars 2015 2014 quarterly adjusted average assets $ 1724710 $ 1835637 leverage 2317849 2492636 1 leverage ratio 9. 51%. 51 % 8. 07%. 07 % leverage ratio. 94 2014-01 investments.\n credit reserves losses tier 2 capital. 6%. 6 % risk-weighted assets standardized losses. 25%. 25 % excess deducted.\n2015 2014 citi 2019s equity tier ratios basel iii approaches framework.\n 2019s capital ratios non-gaap financial measures.\n information progress capital standards.\n 1 leverage ratio.\n supplementary leverage ratio denominator."
}
{
    "_id": "dd4bfae9e",
    "title": "",
    "text": "employer payroll tax costs.\n contributions due by march 15 benefits deductions.\n arrangement accounted contingent consideration.\n pre-2009 business combinations former accounting standard contingent consideration.\n additional purchase price.\n december 31 2013 company accrued $ 20. million liabilities tax compensation deductions 2013 tax year.\n cash contribution first quarter 2014.\n.\n net income.\n weighted-average common shares.\n 2013 denominator impacted common shares issued underwriters' exercise.\n partially reflected 2013 denominator.\n reflected 2014 denominator.\n.\n dilutive effect restricted stock options coworker stock purchase plan units mpk plan units reflected in denominator diluted earnings per share.\n reconciliation basic diluted shares.\n 2014 2013 2012\n weighted-average shares 170.156. 145.\n dilutive securities 2.\n weighted-average shares diluted 172. 158. 145.\n insignificant common shares excluded diluted earnings 2014 2013 2012 anti-dilutive effect.\n.\n deferred compensation plan 10 2010 purchase $ 28. 5 million senior debt restricted debt unit plan unfunded nonqualified deferred compensation plan.\n total rdus 28500.\n december 31 2014 28500.\n vested daily three january 1 2012 2014.\n rdus vested.\n no rights underlying debt.\n compensation principal interest.\n credits $ 28. 5 million senior notes redemption premium equivalents.\n interest interest earned march 2010 maturity october 12 2017.\n interest 2010 2011 deferred until 2012 paid semi-annually.\ncompany used ipo proceeds borrowings $ 324. 0 million senior subordinated notes outstanding august 1 2013.\n amended rdu plan increase retentive value.\n converted cash pool redemption.\n added $ 0. 1 notes financial statements"
}
{
    "_id": "dd4bca6ea",
    "title": "",
    "text": "&gs 2019 operating profit decreased $ 60 million 8% 2014.\n attributable lower risk retirements reserves international offset severance recoveries restructuring 2013 $ 20 million.\n adjustments net profit $ 30 million lower.\n net sales decreased $ 479 million 5%.\n lower net sales $ 495 million decreased volume $ 320 million completion.\n offset higher net sales $ 340 million start-up programs.\n 2019 operating profit decreased $ 49 million 6% 6 % 2013.\n lower operating profit $ 55 million programs offset higher operating profit $ 15 million start-up.\n adjustments comparable.\n backlog increased 2014 due international awards.\n extensions.\n offset declining activities warfighter support command control programs defense budget reductions.\nbacklog decreased 2013 lower orders eram higher sales declining activities smaller programs downturn federal technology budgets.\n expect 2019 net sales decline 2015 low competitive environment disaggregation delays offset increased sales acquisitions.\n operating profit decline 2015 driven volume intangible amortization 2014 acquisition activity margins lower 2014.\n provides air defense systems tactical missiles air-to-ground weapon systems logistics technical services fire control mission operations engineering manned unmanned ground vehicles.\n programs pac-3 thaad launch rocket system hellfire jassm javelin apache sniper ae low altitude navigation.\n operating results.\n net sales $ 7680\n operating profit\n margins 17. 7%. 4%. 8%.\n backlog year-end $ 13600\nsales decreased $ 77 million.\n sales $ 385 million technical services volume $ 115 million tactical missile fewer deliveries high artillery"
}
{
    "_id": "dd4bb26d0",
    "title": "",
    "text": "short-term cash needs interest rates policy choices.\n majority cash invested mutual funds.\n treasury securities.\n government securities.\n exposure risk minimal.\n pension plan funded minimum contribution maximum tax deduction.\n $ 14. 1 million contribution 2011 funding goal.\n contribution return assets discount rate.\n deferred tax assets $ 18. 3 million $ 23. 8 million.\n unrealized losses stock compensation accrued expenses.\n long-term deferred tax liabilities $ 7. 8 billion $ 7. 6 billion 2010 2009.\n purchase intangible assets.\n long-term deferred tax asset $ 145. 7 million.\n unrealized capital loss brazil bm&fbovespa.\n threshold.\n partial valuation allowance $ 64.4 million unrealized capital loss gains.\n long-term deferred tax asset brazilian taxes $ 125. 3 million unrealized capital loss investment bm&fbovespa.\n full valuation allowance $ 125. 3 million-likely-than-not threshold loss.\n valuation allowances $ 49. 4 million additional unrealized capital losses investments.\n tax $ 19. 3 million deferred tax asset foreign net operating losses swapstream.\n-likely than-not threshold losses.\n $ 19. 3 million deferred tax assets reserved.\n clearing firm deposit performance bond collateral.\n risk.\n collateral.\n cash bonds guaranty fund contributions balance sheets.\n deposits.\n balances bonds guaranty fund contributions fluctuate.\n december 31.\n performance bonds $. 5834\n guaranty fund contributions.\n-margin arrangements 79.\n delivery. 34.\n 4038. 5981."
}
{
    "_id": "dd4bfc5c8",
    "title": "",
    "text": "table reports shareholders 2019 equity 2010.\n.\n $ 19667\n income 3108\n dividends -443\n unrealized appreciation 742\n repurchase -303\n movements tax 203\n balance end $ 22974\n shareholders 2019 equity increased $ 3. 3 billion due net income $ 3. 1 billion unrealized appreciation investments $ 742 million.\n short-term debt reverse repurchase agreements $ 1 billion.\n $ 300 million borrowings credit facility.\n five-year loan repaid 2010.\n increased $ 200 million $ 3. 4 billion.\n 2010 issued $ 700 million. 6 percent senior notes due 2015.\n obligations.\n 2008 $ 450 million rate loan agreement 2013.\n swap transaction interest rate.\n 2010 repaid exited swap.\n december 2008 ace entered $ 66 million dual tranche floating interest rate loan agreement.\n first tranche $ 50 million three-year loan due december 2011 floating interest rate.\n swap transaction interest rate.\n december 2010 repaid exited swap.\n second tranche $ 16 million nine-month loan repaid september 2009.\n $ 300 million due 2030 entity owned us.\n debt instruments subsidiaries.\n.\n.\n trustees independent trustee.\n compensation.\n full $ 309 million securities balance sheet liability.\n note 9 d consolidated financial statements.\n common shares par value 30. 57 each december 31 2010.\n annual general meeting may 2010 shareholders approved par value reduction $ 1. 32 per share base annual divi dend.\n payable four installments"
}
{
    "_id": "dd4c43efa",
    "title": "",
    "text": "table shows expected return assets.\n pension postretirement plans.\n 2007\n return 7. 75%. 75 % 8. 0%. 0 % 0% %\n 5. 42 13. 2%. 2 % 14. 7%. 7 %\n pension expense 2008 reduced by return $ million $ 883 million.\n 2007 2006 reduced $ million $ 384 million.\n actual returns higher 2007 2006.\n 2008 2007 rates.\n selected citigroup-specific analysis long-term bond yield.\n.\n december 31 2008 discount rate 6. 1%. 1 % pension. 0%. postretirement.\n 2007 discount 6. 2%. 2 %. 0%.\n 2006.\n pension plan remeasured freeze benefits non-grandfathered participants january 1 2008.\n-specific discount rate pension plan 5. 86%.86 % rounded 5. 9%.\n discount rates foreign pension postretirement plans selected corporate bond rates developed.\n local bond rates premium risk.\n information pension postretirement plans discount rates expense-point change note 9 financial statements page 144.\n adoption sfas 158.\n december 31 2006 recorded after-tax charge equity $ 1. 6 billion 2019 pension postretirement liabilities write-off prepaid asset unamortized gains losses prior service costs transition assets/liabilities.\n accounting policies estimates page 18 notes 26 27 28 financial statements pages 192 202 207."
}
{
    "_id": "dd4b8d556",
    "title": "",
    "text": "consolidated financial statements 161 bancorp december 31 2012 $ millions ranges financial valuation technique weighted-average commercial loans sale $ 9 appraised cost sell. 0%. commercial industrial loans 83 default rates mortgage loans 46 construction loans 4 discounted cash flow prepayment speed 0 - 100% 16. 1%. 26. 9%. 9 % discount rates. 18. 0%. % 10. 5%. 5 % 11. 7%. 7 %.\n valuation unobservableinputs-average\n commercial loans sale $ 9 sell. 0%. %\n commercial industrial loans\n mortgage loans\n construction loans\n discounted cash flow prepayment speeddiscount rates 0. 18. 0%. 16. 1%.1 % adjustable 26. 9%. 9 % fixed 10. 5%. 5 % adjustable 11. 7%. 7 %\n appraised value\n loans 2013 2012 bancorp transferred $ 5 million $ 16 million measured fair value inputs.\n fair value adjustments $ 4 million $ 1 million based collateral classified level 3 valuation hierarchy.\n fair value adjustments loans $ 3 million $ 12 million.\n level 3.\n adverse change value fair value.\n accounting department determines procedures valuation loans comparison.\n monthly review.\n appraisals updated real estate valuation group third party appraisals.\n finance department loan appraisal values values vintages.\n 2013 2012 recorded nonrecurring impairment adjustments mortgage construction loans.\ncommercial loans $ 1 million credit weaknesses review impairment.\n bancorp considers collateral credit quality guarantor liquidity loan structure.\n collateral fair value based on collateral classified level 3 valuation.\n carrying value fair value impairment loss recognized.\n adverse change value collateral fair value.\n losses in table.\n commercial credit risk chief officer fair value estimates commercial loans.\n mortgage interest rates increased 2013 recognized recovery temporary impairment servicing rights.\n impairments portfolio carrying value adjusted to fair value.\n msrs trade.\n.\n estimates fair value using discounted cash flow models prepayment speed assumptions discount rates weighted average lives classification level 3.\n note 11.\n secondary marketing department treasury department valuation methodology.\nmarketing treasury accounting risk management assumptions discounted cash flow model.\n two external valuations from third parties.\n bancorp participates peer surveys assumptions msr valuation.\n 2013 2012 recorded nonrecurring adjustments commercial residential real estate properties oreo.\n losses due to declines real estate values.\n losses include $ 19 million $ 17 million charge-offs properties $ 26 million $ 57 million negative fair value adjustments.\n fair value amounts based on appraisals"
}
{
    "_id": "dd4c2d970",
    "title": "",
    "text": "ordinary shares of aon plc eligible for deposit clearing dtc system.\n merger arrangements with dtc to indemnify for stamp duty sdrt assessed depository.\n obtained ruling from hmrc stamp duty sdrt consequences reorganization sdrt paid.\n dtc cease depository clearing for.\n if dtc not eligible for for listing.\n securities exchange inclusion in s&p 500.\n disruption trading price.\n.\n.\n.\n.\n offices in locations.\n leased premises.\n corporate headquarters at 8 devonshire square london 225000 square feet lease 2018.\n own building at pallbergweg 2-4 amsterdam netherlands ( 150000 square feet ).\n additional leased properties occupied square footage expiration.\n.\nproperty occupiedsquare footage leaseexpiration dates\n overlook point locations lincolnshire illinois 1224000\n 2601 research forest woodlands texas 414000\n city park gurgaon india 413000\n. randolph chicago illinois 396000\n 2300 discovery orlando florida 364000\n water new york 319000\n 7201 hewitt associates charlotte north carolina 218000\n locations lincolnshire gurgaon acquired hewitt 2010 dedicated hr solutions segment.\n.\n 2011 lease 190000 square feet london united kingdom.\n contingent construction.\n 2015 devonshire.\n 2013 lease 479000 square feet gurgaon india.\n.\n 2014 2015 expiration leases.\n difficulty negotiating renewals space unavailable.\nbelieve facilities adequate maintained.\n unused space sublet third parties depending demands office space.\n see note 9 \"lease commitments financial statements ii 8 lease commitments december 31 2013.\n.\n.\n incorporate note 16 \"commitments contingencies 8."
}
{
    "_id": "dd4ba1df8",
    "title": "",
    "text": "product offerings include active index strategies.\n returns market risk profile.\n fundamental research quantitative models.\n index strategies returns index securities.\n strategies include non-etf index products ishares etfs.\n.\n.\n institutional non-etf index assignments large low fee rates.\n exaggerate net flows index products revenues earnings.\n 2016 equity aum totaled $ 2. 657 trillion net inflows $ 51. 4 billion.\n $ 74. 9 billion ishares core emerging market equities.\n offset by active non-etf index net outflows $ 20. 2 billion $ 3. 3 billion.\n blackrock 2019s fee rates fluctuate aum mix.\n half equity aum tied international markets higher fee rates.\n.\n.\nblackrock 2019s equity fee rates revenues.\n ended 2016 $ 1. 572 trillion net inflows $ 120. billion.\n inflows $ 16. 6 billion diversified insurance.\n inflows $ 59. 9 billion led core ranges emerging market high yield corporate bond funds.\n non-etf index net inflows $ 43. 4 billion driven liability-driven investment solutions.\n team manages balanced funds bespoke mandates diversified client base equities bonds currencies commodities risk management.\n long-only portfolios alternative investments tactical asset allocation overlays.\n changes 2016.\n.\n asset allocation 185836 176675\n target date/risk 125664\n$ 376336 $ 4227 22520 -8076 395007\n futureadvisor include ishares.\n-asset inflows demand advice $ 13. 2 billion inflows institutional clients.\n contribution plans contributed $ 11. 3 billion 2016 target risk.\n retail outflows $ 9. 4 billion world allocation strategies.\n strategies 2022 asset allocation balanced products 45% aum.\n equity fixed income alternative components.\n risk diversification.\n flagship products global allocation multi-asset income fund.\n target risk products grew 11% 2016 inflows $ 13. 5 billion.\n institutional investors 94% aum defined contribution plans 88% aum.\n driven investments lifepath retirement income.\n risk return.\n fiduciary management services management.\nservices 2019 staff trustees strategies risk return objectives."
}
{
    "_id": "dd4c10c8a",
    "title": "",
    "text": ".\n software licenses long- term contracts network communication office maintenance services.\n expended $ 7. 2 million $ 5. 3 million $ 2. 9 million obligations 2016 2015 2014.\n future expenditures.\n 2017 14134\n 2018 10288\n 2019 9724\n 2020 2617\n 2021\n $ 37415\n.\n restructuring workforce realignment.\n incurred $ 3. 4 million restructuring charges $ 2. million net tax.\n expects additional charges $ 10 million - $ 15 million first quarter 2017.\n.\n settlement.\n-sum payment $ 4. 7 million.\n charges expense 2016 statement income.\n claims withdrawn release claims.\n.\n subject investigations claims legal proceedings commercial disputes labor employment tax audits infringement intellectual property.\ncompany resolution pending matters expected results cash flows financial position.\n subject uncertainties possible unfavorable resolution could affect results.\n indian subsidiary has service tax audits pending.\n could incur tax charges liabilities approximately $ 7 million.\n tax issues similar to case microsoft corporation.\n vs commissioner service tax favorable ruling to microsoft.\n no assurances on ruling impact.\n uncertain when service tax matters concluded.\n french subsidiary taxing authority rejected 2012 research development credit.\n contested decision.\n favorable outcome could incur charges approximately $ 0. 8 million.\n unfavorable outcome could $ 3. 8 million research development credits for 2013.\n no assurances on timing outcome."
}
{
    "_id": "dd4b8f61c",
    "title": "",
    "text": ".\n.\n long-lived assets non-cash impairment charge $ 4. million second quarter 2008 excess machinery.\n separate consolidated statement operations.\n no change depreciation expense remaining assets estimates.\n.\n one-year warranty sequencing genotyping gene expression systems.\n estimated warranty expenses sales.\n cost product revenue.\n extended maintenance contracts cost revenue.\n changes reserve warranties january 2006 december 2008.\n balance january 1 2006 751\n 1379\n repairs replacements -1134\n december 31 2006\n 4939\n repairs replacements\n december 2007 3716\n 13044\n repairs replacements -8557\n december 28 2008 $ 8203\n.\n convertible senior issued $ 400. million. convertible notes due 2014 option additional $ 50. million.\nnet proceeds offering discount expenses $ 390. 3 million.\n company. 625%. interest per annum principal notes payable semi-annually february 15 august 15.\n interest payments $ 1. 3 million $ 1. 2 million february 2008 august 15 2008.\n notes 15 convertible into cash shares common stock $ 0. 01 per share conversion rate 45. 8058 shares per $ 1000 notes conversion price $ 21. 83 per share five price per note less than 97% last reported sale price common stock quarter 30 2007 last sale price 20 30.\n financial statements 2014"
}
{
    "_id": "dd4bae6b6",
    "title": "",
    "text": "compares expeditors international washington. 5-year shareholder return stock s&p 500 nasdaq.\n transportation index data nasdaq.\n assumes investment common stock indexes dividends $ 100 12/31/2012 12/31/2017.\n return assumes reinvestment dividends.\n 5-year return. s&p 500.\n expeditors international. $ 100. $ 113. 52 $ 116. 07 $ 119. 142. $ 176. 08\n standard's 500 index. 132. 39 150. 152. 170. 84\n nasdaq transportation. 133. 76 187. 65 162. 193. 79 248.\n nasdaq industrial transportation. 141. 171. 91 218\n stock price performance not indicative future price performance.\n financial data 2016 2013..\n 6920948 6098037 6616632 6564721 6080257 revenues1.\n 2319189 2164036 2187777 1981427 1882853 earnings attributable shareholders.\n 430807 457223 376888 348526 diluted earnings attributable shareholders 2. 69 1 1 earnings attributable shareholders share\n. 1 dividends common share\n. 80 64 cash dividends\n 150495 145123 135673 124634 123292 cash used share repurchases.\n 478258 629991 550781 261936.\n1448333 1288648 1115136 1285188 1526673.\n 3117008 2565577 2870626 2996416 shareholders 2019.\n 1991858 1844638 1691993 1868408 2084783 shares.\n 181666 182704 190223 196768 206895 shares.\n 179247 181282 188941 196147 205995-gaap revenues services.\n management reconciliation revenues revenues.\n forward-looking statements securities litigation reform act 1995 annual report fiscal year december 31 2017 statements section securities act 1933 securities exchange act 1934.\n forward-looking statements.\n approval authorized executive officer securities commission.\nstatements preceded words phrases likely result expected expect continue anticipated \"provisional \"probable future identify 201cforward-looking statements private securities reform act 1995.\n statements qualified by reference discussion item 1a factors results differ statements.\n risks item 1a not exhaustive.\n reference to other sections report additional factors impact expeditors' business financial performance.\n expeditors operates competitive complex changing global environment.\n new risk factors emerge not possible management predict all assess impact business results differ forward-looking statements.\n guarantee results.\n shareholders expeditors with securities analysts against policy to disclose non-public confidential commercial information.\n shareholders assume expeditors agrees with statement report analyst.\nexpeditors policy against financial forecasts confirming others.\n reports securities analysts projections not responsibility expeditors."
}
{
    "_id": "dd4bd595a",
    "title": "",
    "text": ".\n sysco insurers self-insured workers compensation liability claims.\n depositing funds insurance trusts issuing letters credit.\n acquisitions placed funds escrow sellers operating results contingencies resolved.\n escrowed funds acquisitions $ 1700000 released fiscal 2006 $ 800000 disbursed sellers.\n restricted cash balances.\n july 1 2006 2 2005\n funds deposited insurance trusts $ 82653000 $ 80410000\n escrow funds acquisitions\n 102274000 101731000\n.\n manages debt portfolio fixed floating rates interest rate swaps.\n trading speculative.\n 2003 2004 2005 interest rate swap agreements fair value hedges.\n effective changes interest rates.\n shortcut method.\nderivative instruments hedging activities no need hedges.\n interest expense debt adjusted payments hedge agreements.\n fair value swaps carried asset liability balance sheet hedged debt adjusted.\n no fair value hedges outstanding july 1 2006 2 2005.\n received termination swap agreements $ 5316000 $ 1305000 2005 2004.\n no terminations.\n increase carrying value debt.\n amortized reduction interest expense.\n march 2005 sysco forward-starting interest rate swap $ 350000000.\n.\n cash flow hedge interest payments 2005 interest rate.\n fair value swap july 2 2005 $ 32584000 reflected accrued expenses consolidated balance sheet loss tax.\n september 2005. sysco settled $ 350000000 swap.\n paid cash $ 21196000 fair value swap.\namortized interest expense 30-year term debt unamortized balance reflected loss net tax income.\n sysco enters purchase agreements fuel electricity commodities.\n agreements meet derivative qualify purchase sale exemption accounting.\n company exemption not recorded fair value.\n 046000000 17:22 valid"
}
{
    "_id": "dd4bc7eb8",
    "title": "",
    "text": "equity securities 2013 2018 repurchased 57669746 shares common stock average price $ 143. 70.\n table common stock repurchases fourth quarter 2018 shares purchased average price paid plan maximum.\n oct. 1. 31 6091605 $ 158. 32831024\n. 1. 30 3408467. 3402190 29428834\n. 1. 31 3007951. 26428119\n 12508023 $ 153. 04 12490632\n purchased 17391 shares delivered employees stock option prices excess tax withholding obligations.\n january 1 2017 board authorized repurchase 120 million shares common stock december 31  2020.\n repurchases open market transactions.\n management discretion timing amount."
}
{
    "_id": "dd497c582",
    "title": "",
    "text": "aes corporation financial statements december 31 2016 2015 2014 table summarizes redeemable stock subsidiaries balances.\n ipalco common stock $ 618 $ 460\n colon quotas\n ipl preferred stock 60\n stock\n redeemable stock subsidiaries $ 782 $ 538\n similar common stock.\n 31 partner increased ownership 25%. 9%. capital contributions $ 106 million.\n adjustments earnings dividends temporary equity shares redeemable.\n $ 60 million preferred stock december 31 2016 2015 five series.\n annual dividend requirements $ 3 million.\n redeemable option issuer $ 100 $ 118 per share.\n holders majority ipl board directors not paid dividends four quarters.\n redemption issuer temporary equity.\nhad $ 18 million preferred stock outstanding december 31 2015 three series issued dp&l subsidiary.\n redeemable option per-share redemption prices $ 101 $ 103 per share plus dividends.\n&l articles incorporation stockholders board directors dividends arrears four quarterly dividends.\n redemption not issuer temporary equity.\n september 2016 shares redeemable.\n adjustment $ 5 million redemption value $ 23 million.\n october 2016 dp&l redeemed shares.\n rights ceased.\n 2015 cdpq purchased 15% aes investment. subsidiary 100% for $ 247 million option invest additional $ 349 million 2016 17. 65%. equity stake.\napril 2015 cdpq invested $ 214 million ipalco interest 24. 90%.\n $ 84 million taxes costs equity.\n additional paid-in capital reduction retained earnings 377 million value.\n no gain loss net income not sale.\n march 2016 cdpq $ 134 million ipalco interest 30%.\n additional paid-in capital reduction retained earnings $ 84 million value.\n june 2016 contributed additional $ 24 million ipalco no impact ownership.\n adjustments shares redeemable."
}
{
    "_id": "dd4bd0a18",
    "title": "",
    "text": ".\n november 1  2010 redeemed $ 400 million 6. 65%. notes due january 15  2011.\n redemption $ 5 million early extinguishment charge.\n receivables securitization facility december 31 2010 recorded $ 100 million secured debt receivables securitization facility.\n.\n variable interest entities lease transactions.\n created lease transactions equipment facilities no other activities assets liabilities outside lease transactions.\n right purchase assets fixed prices.\n benefits not.\n maintain operate assets contractual obligations.\n no control fair value leased assets.\n power direct activities control economic performance.\n obligation absorb losses right receive benefits primary beneficiary consolidate fixed-price purchase options.\n future minimum lease payments totaled $ 4. 2 billion december 31  2010.\n.\nlocomotives freight cars.\n december 2010 2009 $ 2520 million $ 901 million depreciation $ 2754 million $ 927 million capital leases.\n charge income depreciation depreciation expense.\n future lease payments year capital leases.\n 2011 613 311\n 2012\n 2013\n 2014\n lease payments $ 4921 $ 2693\n interest\n payments\n majority capital lease payments locomotives.\n rent expense leases one month $ 624 million 2010 $ 686 million 2009 $ 747 million 2008.\n variable rental expense term.\n contingent rentals sub-rentals not significant."
}
{
    "_id": "dd49713c6",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries financial statements values exclude counterparty netting collateral netting not representative firm 2019s exposure.\n counterparty netting reflected level receivable payable balances.\n cross-level netting.\n derivative assets positive liabilities negative.\n table level 3 assets liabilities ranges averages medians level 3 derivatives.\n.\n interest rates net $ -410 ( $ -381\n correlation 10 % to 95% 95 % 71%/79% % 86% 86 %/60%\n volatility bps 31 to 150 84/78 to 151 84/57\n credit net $ 1505 $ 2504\n correlation 28% ( 28 % to 84% 84 61%/60% 35% ( 35 % to 91% ( 91 % ) 65%/68%\ncredit spreads bps 1 to 633 69/42 to 993 122/73\n credit points 0 to 97 42/38 to 100 43/35\n recovery rates 22% 22 % to 73% 73 % 1% 1 % to 97% 58%\n currencies -181\n correlation 49% 49 % to 72% 72 % 25% 25 % to 70% 70 % 50%/55%\n commodities $ 47 73\n volatility 9 % to 79% 79 % 24%/24% 13% 13 % to 68% 68 % 33%/33%\n natural gas spread.\n oil spread.\n equities net\n correlation 36 % to 94% 94 50%/52% 39 % to 88% 88 %\n volatility 4% 4 to 72% 72 % 5% 5 % to 72% 72 %\ntable 2030 assets positive liabilities negative.\n ranges represent unobservable inputs valuation.\n averages arithmetic average not weighted by fair value financial instruments.\n average greater median below average.\n difference credit oil spread lower end range.\n ranges averages medians not representative fair value derivative.\n highest correlation interest rate not.\n ranges inputs represent uncertainty fair value level 3 derivatives.\n interest rates currencies equities credit commodities.\n fair value determined multiple valuation techniques.\n option pricing.\n level 3 balance encompasses.\n 2030 correlation currencies equities cross- product correlation.\n natural gas spread million thermal units natural gas.\n oil spread per barrel oil refined products.\n firm 2019s level 3 derivative instruments 2030 correlation.\nranges correlation cover underliers product type. index across types. interest rate currency regions.\n cross-product correlation inputs complex instruments lower type.\n volatility.\n cover underliers markets maturities strike prices.\n equity indices lower single stocks.\n credit spreads upfront credit points recovery rates.\n cover underliers regions sectors maturities credit qualities.\n broad range ranges unobservable inputs.\n form"
}
{
    "_id": "dd497ab7e",
    "title": "",
    "text": "directors review.\n cbot directors proposed rule change business change committee three cbot two cme directors.\n actions interests company shareholders open outcry trading pricing decisions limited by rights members.\n. unresolved staff comments applicable.\n.\n global headquarters chicago illinois 20 south wacker drive.\n description key locations facilities.\n size 20 south wacker drive headquarters office space leased 2022 141 west jackson trading floor office space 550 west washington chicago office space leased 2023 new york 33 cannon street london office space leased 2019 leased 2026 annex data center chicagoland leased 2014 2017.\n initial lease expires 2022 options extend seven ten years.\n occupy 425000 square feet 141 west jackson complex.\nnorth end property lease battery park city authority new york offices trading facility.\n building improvements landlord.\n lease payments receive rental income.\n occupy 350000 square feet north building.\n termination right first quarter 2012 2011.\n occupy space second quarter 2011.\n lease global office space partnered telecommunications carriers centers.\n facilities adequate operations additional space obtained needed.\n.\n legal proceedings.\n contingencies consolidated financial statements page 96 group disclosure.\n location owned/leased lease expiration size squarefeet\n 20south wacker drive chicagoillinois global headquarters office space leased\n 141west jacksonchicago trading floor office space\n 550west washingtonchicago leased\n york trading floor office space mixed\n33cannon street london office space leased 2019 14000\n change london office leased 2026 40000 7\n annexdata centerchicagoland business continuity leased 2014 100000\n 2017 50000\n business co-location owned/a 430000\n directors review.\n proposed rule change business change committee three cbot directors two cme directors.\n company shareholders outcry trading pricing decisions limited rights members.\n.\n.\n headquarters chicago illinois 20 south wacker drive.\n description key locations facilities.\nowned expiration size feet 20 south wacker drive chicago illinois headquarters office leased 2022 141 west jackson chicago trading floor office space 550 west washington chicago leased 2023 225000 new york trading floor office 500000 33 cannon street london leased 2019 london 2026 annex data center 2014 2017-location 430000.\n initial lease expires 2022 options extend seven ten years.\n occupy 425000 square feet 141 west jackson complex.\n north end property ground lease battery park city authority new york offices trading facility.\n.\n payments rental income.\n occupy 350000 square feet north end building.\n termination right first quarter 2012.\n occupy second quarter 2011.\nlease office space partnered telecommunications carriers place data cabinets data centers.\n facilities adequate operations additional space.\n.\n.\n contingencies consolidated financial statements page 96 group litigation disclosure."
}
{
    "_id": "dd4be8910",
    "title": "",
    "text": ".\n dividends subsidiaries affiliates millions.\n 2003 2002 2001\n subsidiaries $ 807 $ 771 $ 1038\n affiliates 43 44\n.\n guarantees letters credit limited obligations commitments terminated future events.\n december 31 2003 $ 515 million 55 agreements less $ 1 million up to $ 100 million.\n $ 147 million credit enhancements non-recourse debt $ 38 million equity projects.\n december 31 2003 $ 89 million 9 agreements less $ 1 million to $ 36 million.\n pays letter of credit fee. 5%. to.%. per annum amounts.\n $ 4 million surety bonds december 31 2003."
}
{
    "_id": "dd4b94608",
    "title": "",
    "text": "oil corporation financial statements.\n norwegian properties october 31 2008 sale properties offshore acreage heimdal north proceeds $ 301 million pretax gain $ 254 million.\n october sale 50 percent ownership ptc.\n proceeds $ 625 million pretax gain $ 126 million.\n $ 75 million redemption return investment.\n properties december 17 properties ireland proceeds $ 180 million-closing adjustments.\n.\n assets liabilities sale.\n noncurrent assets 103\n 267\n liabilities\n 199\n 261\n assets sale\n.\n 2006 sold russian oil exploration production businesses khanty-mansiysk western siberia.\n received $ 787 million preliminary working capital closing adjustments $ 56 million transaction value $ 843 million.\n $ 832 million.\ngain sale $ 243 million $ million operations.\n taxes reduced capital loss.\n goodwill $ 21 million russian assets reduced gain.\n adjustments price 2007 gain $ 8 million 13.\n russian businesses discontinued.\n revenues $ 173 million pretax income $ 45 million."
}
{
    "_id": "dd4bd103a",
    "title": "",
    "text": "use foreign currency contracts reduce risk exchange rate fluctuations intercompany transactions inventory purchases european canadian subsidiaries.\n currency contracts risk fluctuations pound sterling.\n enter derivative instruments speculative trading.\n contracts receive.\n dollars canadian dollars. per $ 1.\n dollars euros. euros pounds.\n value contracts canadian subsidiary $ 51. 1 million maturities 1 month european subsidiary $ 50. million maturities 1 month.\n contract fluctuations pound sterling. 5 million $ 13. 6 million maturity 1 month.\n contracts not cash flow hedges changes fair value recorded statements.\n values contracts liabilities $ 0. 7 million $ 0. 6 million december 31 2011 2010 included accrued expenses consolidated balance.\n note 10 fair value measurements.\namounts foreign currency exchange rates contracts.\n year ended december 31 thousands 2011 2010\n unrealized foreign currency exchange rate gains losses $ -4027 ( ) $ -1280 ( 1280 ) 5222\n gains losses -2638 ( 2638 ) -261 ( 261 )\n unrealized derivative losses -31 ( 31 ) -809 ( 809 )\n gains losses 1696 3549 -4412 ( )\n currency contracts institutions investment grade credit ratings exposed credit losses non-performance.\n credit risk limited unrealized gains.\n monitor credit quality risk counterparty default minimal.\n currency contracts minimize impact fluctuations financial.\n cost overhead costs affect results.\n high inflation gross margin selling administrative expenses increase."
}
{
    "_id": "dd4bb8daa",
    "title": "",
    "text": "tax expense.\n millions 2017 2016\n operating income $ 5272 $ 4570 4664 5287 4674 4695\n nonoperating income\n before taxes $ 5240 $ 4462 $ 4595 5255 4566 4625\n tax $ 270 $ 1290 1250 $ 1539 1352 1312\n tax rate. 2%. 2 %. 9%. 9 %. 2%. 3%. %. 6%. 6 %. 4%. 4 %\n income $ 5272 4570 4664 5287 4674 4695 nonoperating income before taxes $ 5240 4462 4595 5255 4566 4625 tax expense $ 270 1290 1250 1539 1352 1312 tax rate. 2%. 9%. 2%. 3%. 6%. 4%. 4 % non-gaap financial measures.\nnet income.\n tax expense 2017 reflects $ 1. 2 billion benefit 2017 tax act.\n tax rate affected foreign jurisdictions income earned.\n jurisdictions lower tax.\n united kingdom channel islands ireland netherlands.\n.\n income tax expense $ 106 million tax revaluation deferred tax assets $ 1758 million noncash tax benefit $ million repatriation undistributed foreign earnings profits.\n noncash expense $ 16 million tax changes $ 173 million tax benefits stock-based compensation awards $ 151 million new accounting guidance.\n.\n adjusted effective tax rate 29. 3%. 2017 noncash deferred tax revaluation benefit $ 1758 million $ 16 million.\n repatriation tax expense $ 477 million excluded one-time.\n.\ntax expense 2022 noncash benefit $ 30 million revaluation deferred income tax liabilities benefit $ 65 million nonrecurring items resolution outstanding tax matters.\n tax rate 29. 6%. 2016 excluded noncash benefit $ 30 million.\n.\n 2022 noncash benefit $ 54 million revaluation deferred tax liabilities 2022 benefit $ 75 million nonrecurring items losses tax structure resolution outstanding tax matters.\n tax rate 28. 4%. 2015 excluded net noncash benefit $ 54 million.\n consolidated statement financial condition excluding assets collateral securities lending agreements consolidated sponsored investment funds.\n balance sheet exclude assets liabilities interests stockholders equity cash flows.\nviews adjusted balance sheet non-gaap financial measures economic presentation company assets liabilities advocate non-gaap measures information.\n separate assets liabilities collateral agreements maintained by blackrock life subsidiary registered life insurance assets funding pension contracts.\n"
}
{
    "_id": "dd4be5ef4",
    "title": "",
    "text": "realignment expenses.\n years 31 2009 2008 2007 millions.\n adjustment impairment acquired assets obligations $ -1. 5. -10 4.\n consulting professional fees 11. 13.\n employee severance retention share compensation acceleration 19.\n information technology integration.\n research development 38.\n vacated facilities.\n facility employee relocation 5. 7\n distributor acquisitions.\n litigation matters 23.\n contract terminations 9.\n.\n acquisition integration realignment $ 75. 3 $ 68. 5 $ 25.\n adjustment impairment acquired assets obligations liabilities.\n consulting professional fees third-party integration consulting tax compliance logistics human resources severance termination benefits.\n legal fees acquired businesses acquisition.\n2009 commenced global realignment initiative business opportunities strategic priorities.\n initiated changes work force eliminating positions increasing.\n 300 employees affected.\n recorded $ 19. million severance employee termination costs.\n benefits provided policies ongoing.\n costs accrued recorded current liabilities.\n majority paid 2009.\n information technology integration non- capitalizable costs acquired businesses.\n in-process research development charges 2008 abbott spine.\n 2007 endius orthosoft.\n 2009 ceased using leased facilities recorded expense remaining lease payments sublease recoveries wrote-off assets.\n relocation.\n consolidated european distribution centers new center eschbach.\n acquired.\n foreign-based distributors.\n incurred costs acquisition integration.\n litigation matters.\n recognize expense potential settlement legal matter loss.\n2009 matters avoid litigation costs.\n contract termination costs agreements acquired companies.\n sales distribution agreements.\n cash equivalents investments maturity three months less equivalents.\n carrying amounts valued cost fair value.\n certificates deposit cash deposits maturities three months certificates.\n amounts valued cost.\n inventories lower cost market first-in first-out.\n property plant equipment cost less accumulated depreciation.\n lives ten to forty years buildings three to eight years machinery equipment.\n maintenance repairs expensed.\n review property equipment impairment carrying value recoverable.\n impairment loss future cash flows less carrying amount.\n impairment loss carrying amount fair value.\n.\n2 0 0 9 consolidated financial statements c55340 043000000|02/24/2010 01:32 valid no graphics color d|"
}
{
    "_id": "dd4ba02f0",
    "title": "",
    "text": "financial statements 2014 average grant-date share awards 2007 2006 $ 45 $ 36 .\n total $ 4. 1 million $ 1. 7 million $. 4 million.\n recognized compensation expenses restricted stock $ 5. 7 million $ 2. 7 million $ 1. 6 million 2008.\n $ 15. 2 million unrecognized compensation cost stock 2. 9 years.\n sale 2. 4 million shares common stock authorized.\n employees designate $ 25 thousand 20% annual compensation purchase stock.\n prior october 1 2006 shares 85% market value.\n 2006 85%.\n may 31 2008. million shares issued 1. million future issuance.\n average grant-date fair value share $ 6  $ 8 $ 8 2008 2007 2006.\n after 2006 based 15% discount purchase date.\npurchases 2006 value share stock plan estimated grant black-scholes valuation model average assumptions.\n risk-free interest rates 4. 93%. % 72%.\n volatility 37.\n dividend yields. 19%. 19 %. 34%. %\n 3 risk-free interest rate based yield zero coupon states treasury security maturity option.\n volatility historical volatility.\n dividend yield calculated average stock price preceding year quarterly dividend.\n purchase price market value life three months fair value share."
}
{
    "_id": "dd4c087b0",
    "title": "",
    "text": "caribbean cruises ltd.\n financial statements 2014.\n stock-based employee compensation four plans awards officers directors key employees.\n 1990 1995 incentive 2000 2008 equity plan.\n 1990 1995 terminated march 2000 february 2005.\n 2000 2008 incentive non-qualified stock options stock appreciation rights restricted stock units 13000000 shares 2000 5000000 2008 equity plan.\n more 500000 shares.\n options stock units december 31 2009 installments four five years.\n options stock units forfeited director before.\n options granted not less fair value expire ten years.\n employee stock purchase plan 800000 shares common stock.\n offerings quarterly.\n purchase price equal 90% market prices new york stock exchange last.\n common stock 65005  36836 20759 issued-average price $ 12.$ 20. 97 $ 37. 25 2009 2008 2007.\n contributed 10086 shares common stock maximum 806880 shares trust.\n 2009 amended.\n 768018 shares distributed future distributions issued chief executive officer.\n 2009 $ 16. 8 million.\n $ 16. 2 million marketing selling administrative $. 6 million payroll.\n 2008 $ 5. 7 million.\n $ 6. 4 million $ 8. 2 million marketing selling $. 7 million payroll.\n 2007 $ 19. million.\n $ 16. 3 million marketing selling $ 2. 7 million payroll.\n fair value stock option grant estimated black-scholes option pricing model.\n amortized vesting period graded-vesting method.\n volatility historical implied volatilities.\nrisk-free interest rate based united states treasury coupon issues remaining term expected option life grant.\n calculated historical experience options.\n estimate forfeitures pre-vesting rates experience.\n 2008 increased forfeiture rate 4%. stock 20% employee retention rates.\n dividend yield. 1 9%.\n stock price volatility 55. 31. 4%. 4 % 28.\n risk-free interest rate 1. 8%. 8 2. 8% 4. 8%.\n option life 5 years"
}
{
    "_id": "dd4c5070e",
    "title": "",
    "text": "rm&t segment marathon use derivative instruments price risk crude oil feedstock excess inventories margins sales price spread refined crude oil.\n instruments risk crude oil.\n natural gas options price risk 60% natural gas purchases refinery first 2004 50% second quarter 2004.\n instruments protect excess refined crude oil lpg inventories.\n lock margins future price sales non-retail.\n future crack spreads.\n opportunities commodity markets.\n derivative gains losses rm&t segment income two years summarized 2003.\n mitigate price risk -112 -95\n protect excess inventories\n margin fixed price sales\n crack spread values\n trading\n derivative losses $ $ -124\n losses market prices increase offset gains physical commodity transaction.\n derivative gains occur market prices decrease offset by losses commodity transaction.\n marathon derivative instruments convert long-term gas sales contract to market prices.\n contract annual quantity gas 2008.\n derivative instruments convert shorter contracts to market prices purchased gas resale.\n derivative gains losses $ 19 million $ ( 8 million $ ( 29 ) million 2003 2002 2001.\n gains losses $ ( 7 million $ 4 million $ ( 1 ) million 2003 2001.\n subject to basis risk commodity futures prices cash market price.\n natural gas prices based industry reference prices vary local.\n exchange contracts priced.\n price changes derivative commodity instruments hedge exposure basis risk.\n differences.\n risk.\n subject liquidity risk delays positions.\nparticipants liquidity low exchange-traded transactions."
}
{
    "_id": "dd497692a",
    "title": "",
    "text": "duke realty corporation report 2009 table summarizes transactions rsus excluding average restricted stock units.\n december 31 2008 401375 $ 29.\n granted 1583616 $ 9.\n vested $ 28. 39\n forfeited $ 12.\n december 31 2009 1683606 $ 12.\n compensation cost $ 7. 3 million $ 4. 9 million $ 3. million 2009 2008 2007.\n $ 6. million unrecognized compensation expense nonvested rsus 3. years.\n capital market risk.\n hedging arrangements.\n.\n 2007 interest swaps hedge $ 300. million debt offerings.\n cash hedges.\n 2008 settled cash payment $ 14. 6 million.\n effectiveness test effective cash flow hedge.\npaid settlement $ 700000 reclassified interest expense partial ineffectiveness.\n net $ 13. 9 million recognized interest expense hedged debt may 2008.\n remaining unamortized $ 9. 3 million.\n august 2005 $ 300. million cash flow hedges swaps $. million debt.\n swaps hedge accounting.\n september 2007 issuance $ 300. million unsecured notes terminated hedges.\n settlement $ 10. 7 million recognized earnings interest expense.\n unamortized $ 8. 2 million.\n ineffective portion hedge insignificant.\n effectiveness evaluated hypothetical derivative method.\n no derivatives december 31 2009."
}
{
    "_id": "dd4bd8682",
    "title": "",
    "text": "hologic  inc.\n financial statements considered eitf issue.\n 95-8 contingent consideration shareholders acquired enterprise purchase additional purchase price.\n fourth quarter 2007 paid $ 19000 former suros shareholders first annual earn-out increase goodwill.\n additional consideration second annual earn-out.\n increased goodwill suros acquisition $ 210 29 2007.\n liability $ 550 eitf 95-3 termination employees.\n $ 400 liability paid balance second quarter 2008.\n increase offset decrease goodwill change valuation assets liabilities.\n no other changes purchase price allocations form 10-k year september 30 2006.\n intangible assets acquisition identified valued.\n customer relationship trade name developed technology know how in-process research development identifiable values.\n customer relationship.\n trade name product names.\ntechnology marketable products products.\n estimated $ 4900 purchase price research development projects suros 2019 disposable products.\n projects stages completion include next generation handpiece site marker technologies.\n fiscal 2008.\n deferred income tax liability acquired assets fair value adjustments inventory not deductible offset net operating loss.\n goodwill excess purchase price over assets.\n acquisition aeg  biolucent r2 suros goodwill synergies strength workforce.\n information consolidated results operations suros acquisitions 2006 adjustments amortization intangible assets increase interest expense acquisition financing adjustments tax effects.\n revenue $ 524340\n net income\n per share.\n."
}
{
    "_id": "dd4c3be4e",
    "title": "",
    "text": "part ii item 8.\n pension benefit plans sfas 158 2006 financial accounting standards board issued sfas 158 amendment fasb statements.\n 87 88 106 132.\n schlumberger recognize funded status. fair value assets benefit obligation defined benefit pension postretirement plans december 31 2006 consolidated balance sheet adjustment income.\n unrecognized actuarial losses prior service costs benefit plans status 106.\n recognized net postretirement cost accounting policy.\n sfas 158 effect consolidated income december 31 2006 affect results future.\n 158 balance sheet december 31 required measure fair value assets benefit obligations fiscal year-end balance sheet.\n schlumberger uses measurement date december 31 benefit plans.\neffect applying sfas 158 balance sheet december 31 2006 schlumberger 2019s postretirement benefit plans table millions.\n deferred taxes $ 191 $ 163\n long-term $ 186 $ $ 413\n assets $ 173\n accounts payable accrued liabilities $ 3925 -77 $ 3848\n postretirement benefits $ 713 $ 323 $ 1036\n loss $ -879 $ -290 $ -1169\n sfas 158 schlumberger liabilities increased 2% 2 % equity decreased 3%.\n impact assets insignificant.\n employees hired prior october 1 2004.\n benefits based years service career-average pay.\n policy amounts actuarial accrued liability tax legal funding cash flow.\n benefits earned."
}
{
    "_id": "dd4bc5dac",
    "title": "",
    "text": "gulf states.\n financial discussion.\n 2002 net revenue $ 1130.\n 17.\n fuel write-offs 15.\n wholesale revenue 10.\n base rate decreases.\n gain.\n refund provisions.\n.\n 2003 net revenue $ 1110.\n higher electric sales.\n 517 gwh residential commercial.\n offset industrial usage 470 gwh loss industrial customers.\n 1% net revenue.\n deferred fuel costs $ 8. million written. million plan.\n increase wholesale revenue sales volume municipal co.\n base rate decreases june 2002 january 2003.\n 2003 rate decrease $ 22. million minimal net income reduction nuclear depreciation decommissioning expenses.\n gain $ 15. million louisiana 1988 nelson units 2.\ngulf states lpsc amortization recoverable fuel deferred gain.\n revenue provisions.\n $ 440. 2 million fuel recovery higher fuel rates louisiana texas.\n expenses $. 1 million market prices gas.\n maintenance expenses decreased 2022 severance program accruals $ 22. 5 million decrease $ 4. 3 million nuclear material labor costs reduced staff."
}
{
    "_id": "dd4b99f4a",
    "title": "",
    "text": "table presents results institutional client services.\n millions 2011 2010\n fixed income currency commodities 9914 9018 13707\n equities\n commissions fees\n securities services\n equities\n net revenues 18124 17280\n expenses\n pre-tax earnings $ 5644 $ 4443 $ 6802\n.\n revenues reinsurance $ 1. billion $ million $ 827 million 2010.\n.\n revenues institutional services $. billion 2012 5% higher 2011.\n fixed income currency commodities $. billion higher 2011.\n revenues mortgages higher.\n credit products interest rate solid higher.\n offset lower commodities currencies.\n concerns improved tighter credit spreads less.\n revenues equities $. 21 billion unchanged.\nrevenues securities services higher 2011 gain $ 500 million sale hedge fund administration business.\n equities execution revenues higher higher cash products increased client activity.\n offset lower commissions fees market volumes.\n global equity prices lower volatility.\n net loss credit spreads $ 714 million $ million $ 281 million 2012 gain $ 596 million $ 399 million $ 197 million 2011.\n institutional services market concerns uncertainties positive developments.\n central bank actions funding risks.\n.\n data unemployment housing.\n tighter credit spreads higher equity prices lower volatility.\n concerns global economy political uncertainty client risk aversion lower activity.\n uncertainty financial regulatory reform.\n revenues fixed income currency.\n operating expenses $ 12.billion 2012 3% lower 2011 lower brokerage fees impairment charges litigation regulatory.\n pre-tax earnings $ 5. 64 billion 27% higher 2011.\n.\n institutional services $ 17. 28 billion 21% lower 2010.\n fixed income currency commodities $ 9. 02 billion 34% lower 2010.\n market concerns uncertainty volatile markets wider credit spreads risk.\n revenues lower declines mortgages credit products.\n sachs 2012 annual report"
}
{
    "_id": "dd4bfabec",
    "title": "",
    "text": "intangible assets amortization estimated amortization expense five fiscal years 2009 $ 41. million 2010 $ 27. 3 million 2011 $ 20. 9 million 2012 $ 17. 2013 $ 12. million.\n expenses merger $ 102. 6 million investment banking legal fees stock compensation $ 39. 4 million reflected 2007 results.\n debt issuance costs merger $ 87. 4 million merger-related financing long term assets balance.\n unaudited results operations merger february 3 2007 4 2006 depreciation amortization assets interest expense debt february.\n revenue $ 9495246 $ 9169822\n net loss\n results acquisition future results.\nannouncement merger agreement company directors named seven class actions tennessee courts breach fiduciary duty proceedings note 8.\n.\n 2006 company historical inventory management real estate strategies.\n 2006 discontinue historical inventory packaway model end fiscal 2007.\n unsold inventory items stored-site returned until sold damaged discarded.\n seasonal clothing merchandise newer current-season merchandise.\n third quarter 2006 recorded reserve for lower cost market inventory"
}
{
    "_id": "dd4beb516",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2006 ten interest rate swap agreements four forward swap agreements cash cash flow hedges.\n eight american tower swaps $ 450. million fixed rates 4. 63%. 88%. two spectrasite swaps $ 100. million rate 4. 95%.\n four forward swap agreements $ 900. million rates. 73%. 10%.\n three interest rate swap instruments one cap acquired spectrasite.\n 2005 not cash flow hedges.\n swaps $ 6. 7 million $ 300. million fixed rate 3. 88%.\n cap $ 175. million fixed rate. expired february 2006.\n unrealized gains short securities $ 10. 4 million interest rate swap agreements $ 5. 7 million tax.\n net unrealized gain $ 6. million tax.million loss interest rate swaps cash flow hedges reclassified $. 7 million income tax benefit $. 2 million operations december 31 2006.\n.\n company leases land office tower space leases.\n leases renewal options increases lease payments.\n escalation clauses recognized non-cancelable term.\n. future rental payments leases renewal periods failure loss tower site revenues.\n payments december 31 2007.\n 2008 217969\n 2009\n 2010\n 2011\n 2012\n $ 3483072\n rent expense leases 2007 2006 2005 $ 246. 4 million $ 237. million $ 168. 7 million."
}
{
    "_id": "dd4bd7b9c",
    "title": "",
    "text": "research design development manufacture military aircraft combat unmanned vehicles.\n programs f-35 lightning c-130 hercules f-16 falcon c-5m galaxy f-22 raptor.\n results.\n net sales $ 15570 $ 14920 14123\n operating profit\n margins. 8%. 1%. 4%.\n backlog-end $ 31800 $ 27600\n net sales increased $ 650 million 4% 4 %.\n higher net sales $ 1. 4 billion f-35 $ 150 million c-5 increased deliveries nine.\n offset lower net sales $ 350 million c-130 fewer deliveries lower sustainment $ 200 million decreased volume risk $ 195 million f-16 fewer deliveries 11 $ 190 million f-22 decreased sustainment.\n operating profit increased $ 32 million 2% 2 %.\nprofit increased $ 240 million f-35 volume risk retirements $ 40 million c-5.\n offset lower profit $ 90 million f-22 $ 70 million c-130 $ 80 million decreased volume risk retirements.\n $ 100 million higher 2015.\n sales increased $ 797 million 6%.\n higher sales $ 790 million f-35 volume $ 55 million f-16 increased deliveries offset contract $ 45 million f-22 risk retirements.\n offset lower net sales $ 55 million f-35 volume downward revision profit booking rate $ 40 million c-130 fewer deliveries 24 decreased sustainment contract.\n aeronautics 2019 profit increased $ 37 million 2%.\nincrease higher profit $ 85 million f-35 $ 75 million f-22 risk retirements $ 50 million c-130 fewer deliveries $ 25 million c-5.\n increases offset lower profit $ 130 million f-16 decreased risk retirements increased deliveries $ 70 million sustainment decreased risk retirements.\n profit f-35 lower risk retirements.\n adjustments profit $ 105 million lower 2014."
}
{
    "_id": "dd4bcc92c",
    "title": "",
    "text": "1b.\n unresolved staff comments.\n 2.\n headquarters chicago illinois 20 south wacker drive.\n description key locations facilities.\n use owned/leased lease expiration size square feet 20 south wacker drive headquarters office space leased 141 west jackson 150000.\n 300000 550 west 2023 250000 north end new york 2028 240000.\n owned/leased lease expiration size square feet\n 20 south wacker drive headquarters office space\n 141 west 150000\n.\n west 250000\n north endnew york 240000\n london leased 2026 58000\n data center 3chicagoland business continuity co-location leased 2031 83000\nbagmane tech park bangalore office space leased 72000\n data center chicagoland co-location leased leased.\n lease expires 2032 options extend five years.\n lease expires 2027 extend expand.\n lease expires 2028 extend expand.\n premises reduced 225000 square feet.\n 2016 sold datacenter chicago $ 130. million.\n leased back property.\n lease expires 2020 extend terminate early.\n.\n legal proceedings regulatory matters.\n contingencies consolidated financial statements page 87 proceedings disclosure.\n.\n safety disclosures."
}
{
    "_id": "dd49791ac",
    "title": "",
    "text": "interest rate swap agreement $ 375 million 5. senior unsecured notes due july 1  2014.\n. variable three-month libor plus 2. 05%. 05 %. 42%. 42 % 29 2011.\n term loan facility $ 145 million fluctuating rate equal libor rate spread 1. 25%. 25 %. 61%. 61\n libor increases 100 points annual interest expense $ 5 million.\n change impact $ 375 million 3% 3 fixed-rate debt not hedged.\n 100 point increase libor $ 4 million annual interest expense.\n hedge.\n exposures foreign currency exchange contracts.\n periods exposure one month to twelve months.\n largest foreign currency exposure euro local currency expenses.\n 10% unfavorable movement foreign currency exchange rates $ 6 million losses.\nmarket risk derivative instruments results currency exchange rates risk transactions assets liabilities hedged.\n counterparties major international financial institutions high credit ratings.\n significant risk nonperformance.\n amounts derivative instruments volume transactions represent exposure credit risk.\n amounts credit risk counterparties meet terms contracts limited to counterparties obligations exceed obligations.\n table effect 10% unfavorable movement foreign currency exchange rates.\n fair value forward exchange contracts october 29 2011 30 2010.\n value forward exchange contracts $ 2472 $ 7256\n after unfavorable movement $ 17859 $ 22062\n favorable movement $ -13332 $ -7396\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n17859 22062 exchange contracts 10% foreign currency rates.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 13332 7396 calculation exchange rate.\n.\n affect volume sales foreign currency price.\n currency rates sales currency prices."
}
{
    "_id": "dd4c3fdbe",
    "title": "",
    "text": "7a.\n disclosures market risk millions exposed to market risks interest rates foreign currency balance sheet items.\n use derivative instruments manage risks.\n derivative instruments risk management tools not trading speculative.\n exposure market risk fair market value cash flows debt obligations.\n majority debt 94% 93% 93 % december 31 2017 2016 bears interest fixed rates.\n debt variable interest rates 10% increase decrease not material interest expense cash flows.\n fair market value debt sensitive changes interest rates impact 10% change interest summarized.\n.\n.\n.\n used interest rate swaps risk management exposure.\n interest rate swaps outstanding december 31  2017.\n $ 791. 0 cash equivalents marketable securities december 31 conservative short-term bank deposits securities.\ninterest income investments subject to domestic foreign interest rate movements.\n 2017 2016 income $ 19. 4 $ 20. 1.\n 100 basis-point increase interest rates income $ 7. 9 cash equivalents securities impacted balances constant.\n subject translation transaction risks.\n.\n changes exchange rates affect revenues expenses.\n.\n currencies british pound sterling brazilian real south african rand.\n.\n dollar 10% operating income 4% 4 % currencies revenue expenses constant 2017.\n currency operations local currency.\n assets liabilities translated at exchange rates revenues expenses average exchange rates.\n translation adjustments recorded accumulated loss.\n foreign subsidiaries collect revenues pay expenses in currency.\n subsidiaries transactions other.\n liabilities susceptible to movements until final settlement.\ncurrency transaction gains losses included in office general expenses.\n review foreign exchange exposures use currency exchange contracts hedge fluctuations rates.\n enter contracts for speculative purposes."
}
{
    "_id": "dd4bf8022",
    "title": "",
    "text": "entergy mississippi.\n financial capital include funds cash debt stock bank financing.\n refinance redeem debt preferred stock prior maturity.\n debt stock issuances require regulatory approval.\n subject issuance tests corporate charter bond agreements.\n capacity capital needs.\n two credit facilities $ 50 million renewed through may 2009.\n borrowings secured by security interest.\n no borrowings outstanding december 31 2008.\n short-term borrowing authorization through march 31 2010 $ 175 million.\n note 4 financial statements borrowing.\n order authorizing long-term securities issuances.\n authorization extends through june 30  2009.\n receivables december 31.\n 2008 2007 2006 2005\n$ 66044 20997 39573 84066\n may 2007 $ 6. million mississippi receivable replaced new orleans.\n note 4 financial statements.\n entergy mississippi influence financial position liquidity.\n rates determined regulatory.\n mpsc.\n 2008 mississippi filing.\n $ 10. 1 million increase electric revenues.\n june 2008 settlement utilities $ 3. 8 million rate increase.\n january 2009 left current rates.\n appealed decision supreme court."
}
{
    "_id": "dd4c57fa4",
    "title": "",
    "text": ".\n 2013 ventures pay dividends quarterly.\n 2013 2012 2011 received cash dividends $ 92 million $ 83 million $ 78 million.\n 2012 nantong venture acetate flake tow capacity 30000 tons.\n contributions $ 29 million 2009 2012 capacity expansion.\n expansions led earnings growth increased dividends.\n euromonitor 42% % share world's 2012 cigarette consumption.\n 1. 9%. per year 2012 2017.\n ventures leader chinese domestic acetate production supply chinese cigarette producers.\n ownership interest cellulose derivatives ventures exceeds 20% account investments cost method accounting local government investment financial information.\n.\n indirect ownership interests german infraserv groups industrial parks support.\n ownership investments december 31 2013.\n.\n.\n.\n research innovation-oriented optimize production technologies products applications.\n spent three fiscal years research development sufficient strategic initiatives.\n patents trademarks copyrights product designs investment research manufacturing marketing.\n patents processes products uses.\n register trademarks brand names.\n property infringement design protection.\n.\n new substances formulations unique applications production processes.\n regions intellectual property protection limited.\n maintain information security policies.\n data encryption disclosure confidential information employee awareness training.\n monitor competitive developments defend infringements intellectual property.\n.\naoplus ateva avicor britecoat celanese celanex celcon celfx 2122 celvolit clarifoil compel duroset ecovae factor fortron gur hostaform impet mowilith nutrinova qorus 2122 sunett tcx thermx tufcor vandar vantage vectra vinamul vitaldose zenite products trademarks marks celanese.\n.\n fortron ae trademark fortron industries."
}
{
    "_id": "dd498d03a",
    "title": "",
    "text": "maturity option company redemption price.\n 2017 notes issued discount $ 6 million amortized ten-year term.\n incurred $ 4 million debt issuance costs amortized ten years.\n december 31 2013 $ 2 million unamortized debt consolidated financial.\n.\n leases office spaces 2035.\n future commitments.\n 2015\n 2016\n 2017 2018\n rent office equipment expense $ 137 million $ 133 million $ 154 million 2013 2012 2011.\n.\n december 31 2013 $ 216 million capital commitments investment funds.\n excludes commitments third-party.\n timing funding unknown callable demand expiration.\n unfunded commitments not recorded consolidated statements financial.\n future commitments not legally binding.\ncompany intends additional capital commitments fund investment products clients.\n.\n acts portfolio manager credit default swap transactions maximum potential exposure $ 17 million default swap.\n note 7 derivatives hedging.\n contingent payments business acquisitions.\n blackrock required payments annually suisse thresholds seven-year period.\n contingent payments mgpa transaction five-year period thresholds.\n fair value contingent payments december 31 2013 not significant consolidated financial condition included other liabilities.\n.\n receives subpoenas requests information.\n regulatory authorities.\n cooperate inquiries.\n subsidiaries named defendants in legal actions.\n blackrock- sponsored investment funds subject lawsuits harm investment returns.\n anticipate aggregate liability regulatory matters lawsuits results operations financial position cash flows.\nno assurance pending matters blackrock 2019s results financial position cash flows future reporting period.\n uncertainties management estimate possible loss.\n indemnifications.\n blackrock enters contracts indemnify third parties.\n terms indemnities vary indemnification liability remote.\n no liability recorded on consolidated statement financial condition.\n blackrock issued indemnifications to clients against potential loss borrower failure fulfill obligations collateral.\n 2013 company indemnified clients for loan balances $ 118. 3 billion.\n securities totaling $ 124. 6 billion collateral.\n fair value indemnifications not material."
}
{
    "_id": "dd498655a",
    "title": "",
    "text": "mst 2019s net sales decreased $ 311 million 4%.\n volume $ 390 million ship aviation system $ 75 million training logistics solutions.\n higher sales $ 165 million lcs program.\n operating profit decreased $ 68 million 10%.\n profit $ 55 million increased reserves $ 40 million lower volume increased reserves training logistics solutions.\n higher operating profit $ 30 million reserves undersea systems.\n $ 55 million lower.\n increased increased orders ship aviation system higher sales volume integrated warfare systems sensors programs.\n decreased slightly higher sales volume.\n 2019s net sales decline 2013 completion ptds deliveries lower volume training services.\n operating profit margin increase slightly improved contract performance.\n research design production satellites strategic missile systems space transportation systems.\n national security systems.\nsystems 2019 programs include infrared system high frequency system mobile user objective system global positioning satellite geostationary environmental satellite r-series trident ii d5 fleet ballistic missile orion.\n equity interests united launch alliance services.\n united space alliance shuttle joint venture. atomic weapons establishment program.\n results.\n 2011\n net sales $ 8347 8268\n operating profit 1083\n margins.\n backlog year-end\n net sales increased $ 186 million 2%.\n higher net sales $ 150 million increased commercial satellite deliveries $ 125 million orion program higher volume risk retirements $ 70 million increased volume strategic defensive missile programs.\nincreases lower sales $ 105 million satellite decreased volume risk retirements $ 55 million nasa tank program ended shuttle."
}
{
    "_id": "dd4c0b726",
    "title": "",
    "text": "adjustments from tax examinations.\n outcome audits.\n adjust income taxes.\n liquidity financial information statistics 2013 2012 2011 balances cash equivalents securities satisfy working capital asset purchases liquidity requirements 12 months.\n cash for future dividends share repurchase from domestic cash.\n activities borrowings.\n 2012 $ 111. 3 billion $ 82. 6 billion cash equivalents securities foreign subsidiaries.\n dollar-denominated holdings.\n subject to.\n income taxation.\n portfolio in highly-rated securities policy limits credit exposure issuer.\n risk principal loss.\n cash $ 53. 7 billion $ 37. billion net income non-cash adjustments $ 10. 2 billion increase net change operating assets liabilities $ 6. 5 billion.\n investing $ 33.2013 purchases sales securities $ 24. billion property plant equipment. billion.\n common stock $ 22. 9 billion dividends $ 10. 6 billion offset long-term debt $ 16. billion.\n $ 50. billion 41. 7 billion non-cash adjustments $ 9. 4 billion offset operating assets liabilities $ 299 million.\n $ 48. 2 billion purchases sales maturities securities $ 38. 4 billion property plant equipment $ 8. 3 billion.\n $ 1. 7 billion dividends rights $ 2. 5 billion.\n expenditures $ 7. billion $ 499 million retail $ 6. 5 billion.\n payments $ 8. 2 billion.\n equivalents securities 146761\n property equipment\n long-term debt\n working capital\n operating 53666investing $ -33774 -48227 -40419\n financing activities $ -16379 -1698 ( 1444"
}
{
    "_id": "dd4bf5c14",
    "title": "",
    "text": "stock performance graph shareholder return $ 100 31 2013 reinvestment dividends 2019s common stock s&p 500 retail index.\n 2013 2014 2015 2016 2017 2018\n 2019reilly automotive inc. $ 100 $ 150  $ 197 $ 216 $ 187 $ 268\n s&p 500 retail index 110 137 143 184  208\n $ 100 111 145"
}
{
    "_id": "dd4bf7a0a",
    "title": "",
    "text": "2.\n locations december 31 2011.\n facilities leased except 165000 square feet office alpharetta georgia.\n restructuring.\n alpharetta georgia\n arlington virginia\n city\n menlo park california\n sandy utah\n new york\n chicago illinois\n facilities used trading investing balance sheet management segments.\n leased facilities less 25000 square feet not.\n lease 28 e*trade branches 2500 to 7000 square feet.\n facilities space adequate needs 2012.\n.\n legal proceedings october 27 2000 ajaxo.\n complaint california.\n damages non-monetary relief breach non agreement wireless misappropriation trade secrets.\n judgment 2003 favor $. million breach non-disclosure agreement.\n court denied requests damages.\ndecember 21 2005 california court appeal affirmed award breach nondisclosure agreement remanded case determining additional damages ajaxo misappropriation trade secrets.\n paid case remanded trial court may 30 2008 jury denying claims damages.\n september 5 2008 ajaxo filed motions new trial.\n november 4 2008 court denied motions.\n december 2 2008 ajaxo filed appeal.\n argument heard july 15 2010.\n august 30 2010 court appeal affirmed verdict reversed.\n petitioned supreme court review.\n december 16 denied petition remanded trial court.\n 2011 granted limited discovery november 4 set motion schedule trial date.\n may 14 , 2012.\n.\n october 2 2007 class action complaint federal securities laws filed against company"
}
{
    "_id": "dd4bdff40",
    "title": "",
    "text": "vertex pharmaceuticals financial statements.\n $ 7 million development commercialization milestone payments.\n kissei development costs phase 2 trials vx-702.\n research funding ended june 2000 received full funding.\n kissei rights develop commercialize vx-702 japan far east countries taiwan south korea.\n retains marketing rights.\n supply drug material kissei royalties future sales.\n 2006 2005 2004 $ 6. 4 million $ 7. 3 million $ 3. 5 million recognized revenue.\n $ 7. million $ 2. 5 million milestone regulatory filings phase 1 clinical development vx-702.\n.\n 401 ( k ) retirement plan employees.\n contribute annual compensation.\n discretionary matching contributions.\n.\n transfer funds stock fund.\ncompany declared contributions vertex 401 ( k ) plan.\n transactions december 31 2006 2005 2004 loan outstanding former officer $ 36000 $ 97000 advanced april 2002.\n loan balance included assets consolidated balance sheets.\n 2001 entered four year consulting agreement director part-time consulting services $ 80000 per year commencing january 2002.\n agreement terminated january 2006.\n.\n liabilities business activities.\n accrues reserve contingent liabilities future expenditures.\n 2005 2004\n discretionary matching contributions year ended december 31, $ 3341 2894 $ 2492\n shares issued\n"
}
{
    "_id": "dd4b9d0b4",
    "title": "",
    "text": "cme invests assumed investment choices.\n balances subject to claims creditors totaled $ 38. 7 million $ 31. 8 million at december 31 2012 2011.\n value recorded securities equal liability.\n results impact on net income income compensation expense.\n.\n maintains benefits for employees impacted statutory limits.\n subject vesting requirements.\n deferred compensation plan.\n officers board contribute compensation defer taxes distribution.\n 2019 retirement plan.\n retirement benefit plan.\n long-term limited.\n no new participants after.\n fund minimum annual contribution $ 0. 8 million until funded.\n benefits based on actuarial assumptions.\n contributions $ 0. 8 million 2010 2012.\n december 31 2012 2011 totaled $ 22. 7 million $ 21. 6 million.\n assets fair value $ 18.4 million. 7 million allocated 31 2012 2011 securities cash equivalents consolidated balance sheets.\n subject creditors comex.\n.\n leases.\n non lease agreements 2012 sold buildings chicago.\n leased back.\n 30 2027 four renewal options five years.\n 2011 office space london.\n terminates march 24 2026 option penalty 2021.\n 2008 renegotiated lease headquarters 20 south wacker drive chicago.\n november 30 2022 two renewal options seven ten years contraction option occupied space november 30 2018.\n lease expansion option december 2017.\n 2006 additional office space chicago.\n terminates november 30 2023.\n two 5-year renewal options 2023.\n 2012 future minimum payments leases payable.\n.\n.\n.\n.\n.\n152. 9\n."
}
{
    "_id": "dd4b889f2",
    "title": "",
    "text": "non-current liabilities company believes ultimate payment twelve months.\n amounts current income tax.\n includes interest penalties unrecognized tax benefits condensed consolidated statements income no change classification provisions.\n statements 2009 include $ 1. 7 million $ 1. 3 million interest penalties uncertain tax positions.\n complexity period settle liabilities.\n summarizes changes total amounts uncertain tax positions 2008.\n balance november 3 2007 $ 9889\n additions 3861\n november 1 2008\n 4411\n october 31 2009 $ 18161\n fiscal year 2004 2005.\n report proposed adjustments.\n recorded taxes penalties adjustments.\n four items additional potential tax liability $ 46 million.\n not likely additional tax.\ncompany recorded additional tax liability appealing adjustments processes.\n meetings appellate division 2009.\n two unresolved matters one-time section 965 internal revenue code tax treatment dividends foreign companies american.\n research development r&d tax credits profits manufacturing outside states.\n could impact taxes 2004 2005.\n 2006 2007 field examination years 2006 2007.\n agreed issues agreement 2006 2007 tax.\n no agreement reached tax treatment r&d credit foreign manufacturing issues 2004 2005 pricing intercompany sales deductibility stock option compensation expenses.\n irs issued report 2006 2007 proposed adjustments.\n recorded taxes penalties adjustments.\n four items additional potential tax liability $ 195 million.\n not likely additional tax liability.\n liability appealing adjustments normal processes.\n exception.\n consolidated financial statements 2014"
}
{
    "_id": "dd4c11518",
    "title": "",
    "text": "2015 2014 2013 sewell associates.\n prepared prior year reserves alba field.\n reports annual report form 10-k.\n team industry experience oil gas companies.\n senior advisor 35 years petroleum 15 years estimation.\n second team member 10 years petroleum five years.\n registered engineers texas.\n ryder scott audits reserves 2015 2014 2013.\n report.\n team lead 20 years experience oil gas company.\n member spe oil gas reserves committee registered professional engineer texas.\n december 31 2015 603 decrease 125 2014.\n changes undeveloped reserves 2015.\n 728\n revisions estimates -223\n improved recovery\n purchases reserves\n extensions discoveries additions 175\n dispositions\n transfers -79\n end 603\nrevisions estimates due capital development program reserves beyond 5-year plan.\n 139 mmboe booked extensions discoveries additions revisions technology.\n statistical analysis decline curve pressure reservoir simulation volumetric analysis.\n reservoir continuity certainty criteria booking reserves.\n transfers from reserves included 47 eagle ford 14 bakken 5 oklahoma basins.\n costs 2015 2014 2013 $ 1415 million $ 3149 million $ 2536 million.\n projects remain large projects.\n 603 mmboe reserves 26% % projects five years.\n majority related compression project.\n sanctioned 2004.\n approval.\n fabrication 2013 installation 2016.\n commissioning first production mid-2016.\n undeveloped reserves north gialo development libyan sahara desert booked 2010.\ndevelopment executed by operator multi-year drilling program design liquid handling gas recycling facilities.\n five years reserves.\n civil unrest extended project duration.\n operations interrupted mid-2013 shutdown crude oil terminal re-opened 2014 production shut-in 2016.\n operator committed project completion resources.\n conversion rate undeveloped to developed 2015 11%.\n.\n 2015 conversion rate 15%.\n"
}
{
    "_id": "dd4bfd69e",
    "title": "",
    "text": "synopsys.\n financial statements.\n $ 316. 6 million $ 4. 6 million stock awards assets liabilities intangible assets $ 96. 7 million&d $ 13. 2 million goodwill $ 210. 1 million.\n costs $ 13. million.\n sales growth integration.\n intangible assets relationships contract rights trademarks valued income method amortized over two ten years.\n.\n restricted stock units appreciation rights $ 21. 7 million.\n $ 4. 6 million purchase $ 17. 1 million future services.\n seven acquisitions.\n allocated $ 221. 7 million assets liabilities assumed goodwill $ 110. 8 million.\n assets $ 92. 8 million amortized one to ten years.\n acquisition-related costs $ 10. 6 million statements operations.\n purchase included contingent $ 10. million payable technology milestones three years.\n liability estimated fair value $ 7. million remeasured quarterly three-year statements.\n no contingent liability end fiscal 2012.\n.\n goodwill intangible assets.\n balance october 31 2010 $ 1265843\n 30717\n adjustments\n balance october 31 2011 $ 1289286\n adjustments october 31 2012 $ 1976987\n adjustments changes estimates acquisitions prior price achievement milestones 2010."
}
{
    "_id": "dd4bbb564",
    "title": "",
    "text": "advisory revenues decreased $ 3. 6 million to $ 522. 2 million.\n assets $ 142. 1 billion from $ 141. 4 billion 2007.\n changes declining equity market valuations cash flows.\n inflows from institutional investors $ 13. 2 billion 2008 $ 1. 3 billion transferred retirement funds trusts.\n decreases lowered assets $ 55. 3 billion.\n administrative fees increased $ 5. 8 million to $ 353. 9 million.\n offset by operating expenses.\n compensation increased $ 18. 4 million. from 2007.\n $ 37. 2 million salaries.\n employed 5385 associates up 6. from 2007.\n slowed growth associate base.\n.\n reduced annual bonuses $ 27. million financial conditions.\n increase higher employee benefits expenses $.stock compensation.\n 2009 increase salaries associates.\n higher spending advertising promotion spending down $ 3. 8 million 2007.\n reduce expenditures 2009 first quarter $ 5 million.\n spending market investor demand base.\n occupancy facility costs depreciation expense increased $ 18 million 12% 2007.\n expanding renovating facilities.\n operating expenses up $ 3. 3 million 2007.\n increased spending $ 9. 8 million professional fees third-party services.\n reductions travel charitable contributions offset.\n non-operating net loss $ 52. 3 million 2008 $ 80. 4 million 2007.\n change $ 132. 7 million losses mutual funds declines financial market values.\n capital gain distributions $ 22.\n.\n gains funddispositions.\n gain loss fund holdings..\n recognized impairments investments mutual funds declines value cost.\n declines 2008 adverse market conditions page 18.\n page 24 accounting.\n income bond fund holdings $ 19. 3 million lower 2007 lower interest 2008.\n capital appreciation $ 40 million holding.\n treasury notes sold december 2008 $ 2. 6 million gain.\n"
}
{
    "_id": "dd4b9704c",
    "title": "",
    "text": ".\n first impairment test showed no indication units except december 31 2008 second test except december 31 2008.\n indication impairment in north america latin america emea units second testing performed on.\n recorded $ 9. 6 billion pretax $ 8. 7 billion after tax goodwill impairment charge fourth quarter 2008 goodwill.\n primary cause deterioration financial markets global economic outlook.\n weakened prospects financial services industry.\n company market capitalization from $ 90 billion july 1 2008 74 to $ 36 billion december 31 2008.\n fair-value adjustments loans debt intangibles.\n not consolidated balance sheet.\n table shows units with goodwill balances excess fair as december 31  2008.\nreporting unit $ millions % allocated book value goodwill post-impairment.\n book value\n north america cards 139% 6765\n international cards 218% % 4066\n asia consumer banking 293% % 3106\n securities banking 109% % 9774\n global transaction services 994% %\n north america 386% % 1259\n international 171% 171 %\n no impairment securities banking test october 31 december 31 goodwill sensitive deterioration economic conditions.\n earnings transaction multiples selected guideline companies acquisitions.\n performance financial condition return income growth.\n discount rate risk uncertainty selected 2013 terminal year.\n value return historical core-business profitability losses 2008.\n recovery.\n government stimulus actions marketplace confidence improved risk-management.\ncompany-specific actions realignment growth returning securities banking business to historical levels.\n deterioration assumptions discount rate growth rate net income projections affect impairment evaluation results.\n future economic assumptions cash flows experience future impairment charges goodwill securities banking.\n charges affect 1 regulatory capital ratios tangible capital liquidity position."
}
{
    "_id": "dd4bea74c",
    "title": "",
    "text": "valero energy corporation subsidiaries financial statements commodity price risk exposed risks crude oil refined products grain natural gas.\n reduce impact price volatility use commodity derivative instruments futures swaps options.\n futures liquidity flexibility hedging trading.\n swaps manage price exposure.\n positions commodity derivative instruments monitored risk control group risk management policy.\n fair value hedges cash flow hedges economic hedges.\n commodity derivative instruments trading.\n.\n fair value hedges hedge price volatility refining inventories commitments purchase inventories.\n activity based operating inventories.\n december 31 2011 outstanding commodity derivative instruments hedge crude oil refined product inventories fixed price.\n volume contracts by type instrument year maturity.\n.\ncontract volumes 2012\n crude oil refined products\n futures 15398\n contracts"
}
{
    "_id": "dd4c5f498",
    "title": "",
    "text": ".\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\ncompleted construction facilities oregon 2014 process technology.\n completed large-scale building arizona 2013.\n oregon facilities not use reserving buildings capacity future technologies.\n construction equipment installation.\n massachusetts facility last 200mm wafers ceased production q1 2015.\n. wafer fabrication facilities ireland israel china.\n transitioned 14nm process technology manufacturing 2016.\n 2016 facility dalian manufacturing capacity next-generation.\n assembly test facilities malaysia vietnam.\n sales marketing offices worldwide concentrations customers.\n facilities suitable adequate purposes productive capacity plans.\n allocate assets operating segment.\n 201cnote 26 segments.\n.\n 25 contingencies.\n.\n safety disclosures applicable."
}
{
    "_id": "dd4be2d44",
    "title": "",
    "text": "properties plants equipment.\n recorded at cost.\n depreciation straight-line method estimated useful lives.\n table details weighted-average useful lives structures machinery equipment reporting segment.\n global rolled products 31\n engineered products solutions 29\n transportation construction solutions 27\n gains losses from sale assets recorded income.\n repairs maintenance charged.\n construction capitalized construction costs.\n properties plants equipment reviewed for impairment carrying.\n recoverability estimated net cash flows carrying amount.\n impairment loss carrying exceeds cash flows.\n calculated excess carrying value over fair value determined best information discounted cash flow model.\n determination group flows lives judgments.\n intangible assets.\ngoodwill not amortized reviewed for impairment annually if indicators impairment exist decision sell exit business.\n judgment.\n indicators include deterioration economic conditions negative equity credit markets adverse changes markets input costs earnings cash flows negative cash flows.\n fair value transaction differ from impairment goodwill.\n goodwill allocated evaluated for impairment at reporting unit level.\n arconic eight reporting units four engineered products solutions three transportation construction solutions global rolled products.\n 70% of arconic goodwill allocated to fastening systems rings power propulsion.\n.\n acquired firth rixson recognized $ 1801 in goodwill.\n between arconic forgings extrusions.\n 2015 acquired tital rti recognized $ 117 $ 298  in goodwill.\ngoodwill tital allocated app unit rti arconic titanium engineered products new arconic reporting unit acquired rti business engineered products solutions segment.\n reviewing goodwill impairment entity assess qualitative factors estimated fair value reporting unit less carrying amount.\n impairment likely required perform"
}
{
    "_id": "dd4b98974",
    "title": "",
    "text": ".\n 159 requires unrealized gains losses fair value option in earnings reporting date.\n.\n effective fiscal years after november 15 2007 adopted first quarter fiscal 2009.\n.\n adoption financial condition operating results.\n 2006 fasb issued.\n 157 fair value measurements defines framework expands disclosures.\n.\n applies accounting new measurements.\n.\n effective fiscal years after november 15 2007 adopted first quarter fiscal 2009.\n.\n adoption financial condition operating results.\n june 2006 fasb issued interpretation.\n 48 accounting for uncertainty in income taxes.\n.\n clarifies accounting uncertainty framework uncertain tax positions.\n effective for fiscal years after december 15 2006 adopted first quarter fiscal 2008.\n adoption financial condition operating.\ncapital resources table presents financial information statistics three fiscal years 29 24 2007 2006 2005.\n cash equivalents short-term investments $ 15386 $ 10110 8261\n receivable $ 1637 895\n inventory\n working capital $ 12657\n cash flow $ 5470\n 29 2007 $ 15. 4 billion cash equivalents short-term investments increase $ 5. 3 billion 2006.\n $ 5. 5 billion proceeds common stock $ 365 million tax benefits $ 377 million.\n offset property $ 735 million intangible assets $ 251 million.\n investment portfolio rated liquid investments.\n 2006 $ 6. 5 billion $ 4. 1 billion foreign subsidiaries.\n holdings.\n balances working capital expenditures commitments liquidity requirements 12 months."
}
{
    "_id": "dd4c08bd4",
    "title": "",
    "text": "discloses purchases common stock fourth quarter 2017.\n shares purchased average price paid share plans dollar value.\n averageprice\n october 2017 515762 $ 77. 15 292145 223617 $ 1. 6 billion\n november 2017 2186889 $ 81. 21 216415 1970474 $ 1. 4 billion\n december 2017 2330263 $ 87. 76 2329465 $ 1. 2 billion\n 5032914  $ 83. 509358 4523556 $ 1. 2 billion\n shares represent purchases fourth quarter 2017 open-market transactions stock-based compensation plans purchases employees stock options vesting restricted stock compensation transactions.\n september 21 2016 board directors authorized purchase up $ 2.stock 2016 no expiration.\n december 31 2017 $ 1. 2 billion.\n january 23 2018 board authorized purchase additional $ 2."
}
{
    "_id": "dd4c4b592",
    "title": "",
    "text": "tax positions reconciliation company 2019s uncertain tax positions millions.\n balance january 1 $ 280 $ 278\n additions tax positions\n additions\n reductions\n settlements\n business combinations\n statute limitations\n foreign currency translation\n balance december 31 $ 279 $ 280\n liability uncertain tax positions 2016 includes $ 228 million $ 219 million $ 240 million tax rate.\n unrecognized tax benefits change twelve months balance.\n audits.\n estimate outcomes.\n recognizes interest penalties uncertain tax positions.\n accrued interest penalties $ 22 million $ 11 million $ 15 million 2018 2017 2016.\n liability penalties $ 77 million $ 55 million $ 48 million december 31.\n subsidiaries income tax returns jurisdictions.\n concluded.\nincome tax 2007.\n.\n state local examinations concluded 2005.\n company concluded tax examinations.\n jurisdictions 2010.\n.\n distributable reserves england wales.\n law reserves repurchases dividends.\n earnings.\n parent company reduction share capital courts england wales.\n not linked.\n.\n december 31 2018 2017 distributable reserves $ 2. billion $ 1. billion.\n repurchase program board.\n 2012 $ 5. billion increased $ 5. billion november 2014 february 2017 $ 15. billion.\n shares repurchased open market privately negotiated transactions funded capital."
}
{
    "_id": "dd4988030",
    "title": "",
    "text": "table reflects estimated effects pension expense changes annual assumptions using 2012 expense baseline.\n change assumption increase.\n. 5%. decrease discount rate\n. decrease long-term return assets\n. 5%. increase compensation rate\n impact changing assumption assumptions.\n pension plan contribution requirements sensitive actuarial assumptions.\n investment performance permitted contributions.\n current law pension protection act 2006 sets limits minimum maximum contributions.\n 2012.\n maintain defined benefit plans less nonqualified supplemental retirement plans.\n repurchase obligations sale sold commercial residential loans securitizations whole-loan sale transactions continuing involvement.\n recourse loan repurchase obligations transferred assets.\n multi loans sold delegated underwriting servicing program.\n similar program.\n assume one-third risk loss unpaid principal balances.\ndecember 31 2011 2010 unpaid principal balance loans $ 13. 0 billion $ 13. 2 billion.\n potential maximum exposure loss share $ 4. 0 billion.\n reserve for estimated losses.\n totaled $ 47 million $ 54 million included in other liabilities consolidated balance sheet.\n payment required contractual interest in collateral loans losses value.\n exposure activity recourse obligations corporate institutional banking.\n residential home equity repurchase obligations assume repurchase obligations loans.\n origination covenants representations warranties.\n loans obligations include first second-lien agency securitizations non securitizations whole-loan sale transactions.\n agency securitizations fnma fhlmc mortgage association non-agency-loan private investors.\nsecuritization related fnma fhlmc losses federal housing agency veterans affairs -insured uninsured loans gnma securitizations minimal.\n activity residential mortgages banking.\n obligations include brokered home equity loans sold private investors.\n brokered equity lending limited whole-loans.\n activity brokered home equity non-strategic assets portfolio.\n loan covenants representations warranties established loan sale agreements investors.\n 2013"
}
{
    "_id": "dd4c00ad8",
    "title": "",
    "text": "december 31 2009 loss carryforwards $ 7 million 2010 to 2024 state loss $ 513 million 2010 2028 foreign loss carryforwards $ 453 million $ 252 million indefinite carryforward.\n tax benefits reconciliation tax benefits.\n balance january 1 $ 86 $\n additions\n additions\n reductions\n settlements\n statute limitations\n acquisitions\n foreign currency translation\n balance december 31 $ 77 $ 86\n $ 61 million unrecognized tax benefits tax rate.\n tax positions twelve months.\n recognizes penalties interest unrecognized tax benefits.\n penalties less $ 1 million 2009 2008 2007.\n interest $ 2 million.\n liability penalties $ 5 million $ 4 million interest $ 18 million $ 14 million.\n income tax returns.\nfederal jurisdiction international jurisdictions.\n concluded.\n income tax matters 2006.\n.\n tax examinations concluded 2002.\n."
}
{
    "_id": "dd4c5c9e6",
    "title": "",
    "text": "2007 annual report five-year stock performance graph illustrates shareholder return snap-on common stock since 2002 dividends reinvested.\n compares snap-on performance standard 500 stock index peer group.\n snap-on shareholder return 2002&p 500 fiscal year.\n 2002 100.\n 118. 126.\n 2004 130. 152.\n. 157 149.\n 191. 185. 173.\n 198. 216 182.\n $ 100 invested december 31 2002 dividends reinvested.\n fiscal year ends saturday december 31 31.\n peer group includes black & decker cooper industries. danaher emerson electric. fortune brands. genuine parts newell rubbermaid. pentair. spx stanley works.\n."
}
{
    "_id": "dd4c4e788",
    "title": "",
    "text": "company capital loss carryforwards federal income tax $ 4357 december 31 2012 2011.\n recognized full valuation allowance.\n files income tax returns states federal foreign jurisdictions.\n subject.\n. tax examinations before 2007.\n state income tax examinations progress adjustments.\n patient protection affordable care act march 23 2010 health care education reconciliation act 2010 march 30 2010.\n changes tax treatment federal subsidies retiree health benefit plans medicare.\n payments taxable after december 31 2012 recorded reduction deferred tax assets increase regulatory assets $ 6432.\n changes gross liability unrecognized tax benefits.\n balance january 1 2011 $ 118314\n increases 46961\n decreases\n december 31 2011\n increases 40620\n decreases\ndecember 31 2012 $ 180993\n includes long-term liabilities $ 74360 $ 46961 2011.\n include interest penalties $ 260 $ 214 income tax expense.\n majority increased tax temporary differences.\n change tax accounting method repair utility assets.\n changes unrecognized tax benefits year.\n sustains positions 2012 2011 unrecognized tax benefit $ 7532 $ 6644 tax rate."
}
{
    "_id": "dd4c282fe",
    "title": "",
    "text": "losses expenses $ 28. 6 million net loss write-down fees $ 27. 1 million $ 1. 5 million legal fees.\n 2022 fees services decreased 2017 higher legal regulatory fees reliance consultants.\n decrease offset increases 2022 licensing fee sharing agreements increased incentive payments contract increased costs revenue sharing agreements.\n increase offset lower expense equity energy contracts.\n 2022 compensation benefits increased higher headcount cost living adjustments.\n expenses increased $ 54. 4 million.\n impact decrease expenses.\n.\n loss datacenter legal fees $ 28. 6 2% 2 %\n professional fees outside services.\n foreign currency exchange rate fluctuation.\n licensing fee agreements.\n reorganization severance retirement costs.\n real estate taxes fees.\n other expenses -5. 7.\n $ 54.\n operating expenses increased 2016 losses expenses $ 28. 6 million net loss write-down fees $ 27. 1 million $ 1. 5 million legal fees sale leaseback datacenter.\n professional fees services increased legal regulatory efforts reliance consultants.\n net loss $ 24. 5 million unfavorable exchange rates cash $ 11. 3 million 2015.\n licensing fee sharing agreements increased revenue sharing equity energy contracts rates."
}
{
    "_id": "dd4b8e4d8",
    "title": "",
    "text": "2019 2 $ 11080000 years 2006 2005 2004.\n unrecognized compensation cost unvested awards $ 7702000 3. years.\n employee stock purchase plan purchase 85% fair market value.\n withhold 5% annual salary.\n authorizes 2600000 shares.\n 2006 issued 165306 shares $ 27. 36 per share.\n 2005 161903 shares $ 27. 57 per share.\n 2004 issued 187754 shares $ 20. 85 per share.\n.\n compensation expense recognized discount grant date fair value employee purchase price.\n 2006 recorded $ 799000 compensation cost employee share purchases income tax benefit $ 295000.\n 400000 shares reserved future issuance.\n sponsors contributory profit sharing savings plan employees 21 years six months service.\ncompany agreed matching contributions 50% first 2% employee wages 25% next 4%.\n makes additional discretionary profit sharing contributions determined board directors.\n matching profit sharing contributions funded shares common stock.\n 4200000 shares authorized issuance.\n 2006 recorded $ 6429000 compensation cost income tax benefit $ 2372000.\n 2005 $ compensation cost income tax benefit $ 2444000.\n 2004 $ 5278000 income tax benefit $ 1969000.\n compensation cost 2006 includes matching contributions profit sharing contributions stock.\n issued 204000 shares 2006 average fair value $ 34.\n issued 210461 shares 2005 $ 25.\n 238828 shares 2004 average value $ 19.\n.\n 1061000 shares reserved future issuance.\ncompany performance incentive plan senior management awards shares restricted stock three-year held escrow vesting.\n shares forfeited employee ceases employment.\n 800000 shares common stock authorized.\n valued market price compensation cost recorded vesting period.\n $ 416000 2006 income tax benefit $ 154000.\n $ 289000 2005 $ 107000.\n $ 248000 2004 $ 93000.\n total fair value shares vested 2006 2005 2004 $ 503000 $ 524000 $ 335000.\n remaining unrecognized compensation cost $ 536000.\n awarded 18698 shares 2006 average grant date fair value $ 33.\n 14986 shares 2005 average value $ 25.\n 15834 shares 2004 $ 19. 05.\n compensation cost recognized three-year vesting period.\n changes stock 2006.\n-vested.\ngranted 18698 33. 12\n vested 15685 26. 49\n forfeited -1774 ( 1774 ) 27. 94\n non-vested december 31 2006 16291 30. 80\n 659000 shares reserved future issuance.\n"
}
{
    "_id": "dd4b8b4d6",
    "title": "",
    "text": "note 4 goodwill intangible assets company had $ 93. 2 million $ 94. 4 million december 30 2017 31 2016.\n changes carrying 2017 2016 thousands.\n 2016\n balance $ 94417 $ 10258\n acquired acquisition 2014 84159\n working capital settlement\n impairment loss\n balance end year $ 93192 $ 94417\n goodwill allocated reporting unit.\n not amortized evaluated impairment annually.\n impairment evaluation valuation analyses market information.\n fair value.\n impairment charge recorded operations value fair value.\n fourth quarter 2017 annual impairment testing no impairment identified.\n fair value unit excess carrying value.\n market income approach.\n data.\n had $ 31. 3 million at december 30 2017 31 2016.\nintangible asset balance estimated fair value petsense tradename not subject amortization indefinite life cash flows beyond.\n evaluate impairment annually.\n recognize impairment loss difference carrying value fair value.\n fourth quarter 2017 annual impairment testing no impairment identified."
}
{
    "_id": "dd4ba4404",
    "title": "",
    "text": "jpmorgan chase co. annual report interest income excluding cib markets reviews lending investing deposit-raising activities.\n non-markets.\n fixed income equity.\n disclosure business trends comparable institutions lending investing.\n data non-gaap financial measures exclusion.\n year december 31 millions 2017 2016 2015 net interest income 2013 $ 51410 $ 47292 $ less cib markets excluding cib markets $ 46780 $ 40958 $ 39322 assets $ 2180592 $ 2101604 $ 2088242 $ 1639757 $ 1581297 1577950 net interest yield assets 2013. 36%. 36 %. 25%. 14%. 14 % markets. yield excluding cib markets. 85%. 85 %. 59%. 49%. 49 % effect related hedges.\ntaxable-equivalent amounts used.\n reconciliation net interest income reconciliation.\n results page 52.\n amounts differ align cib markets businesses.\n information page 65.\n calculation.\n non financial measures.\n book value per share stockholders equity-end overhead ratio noninterest expense net revenue return assets average assets return stockholders equity return book value per share net income common equity.\n year december 31 2016\n net interest income 2013 $ 51410 $ 47292 $\n cib markets net interest income\n excluding $ 46780 $ 40958 $ 39322\n average interest-earning assets $ 2180592 $ 2101604 2088242\n markets-earning assets 540835 520307\ninterest-earning assets excluding cib markets $ 1639757 $ 1581297 $ 1577950\n interest yield 2013 2. 36% 2. 36 % ). 25%. 25 %. 14%. 14 %\n yield cib markets 0. 86 1. 22.\n excluding cib markets 2. 85%. 85 % ). 59%. 59 %. 49%. 49 % )\n jpmorgan chase co. annual report interest income excluding performance investing deposit-raising.\n non-markets.\n fixed income equity.\n disclosure income trends comparable.\n data non-gaap financial measures exclusion interest income.\ndecember 31 millions rates 2017 2015 interest income 2013 $ 51410 44620 less cib markets 4630 6334 5298 excluding markets 46780 $ 40958 $ assets 2180592 $ 2101604 $ 2088242 markets 540835 520307 510292 excluding markets $ 1639757 $ 1581297 $ 1577950 yield 2013. 36%. %. 25%. 14%. % markets. excluding markets. 85%. 85 %. 59%. %. 49%. 49 % hedges.\n taxable-equivalent amounts.\n reconciliation net interest income.\n.\n amounts differ align cib markets.\n information page.\n.\n measures.\nnon-gaap financial measures book value share 201d stockholders equity shares overhead ratio noninterest expense net revenue return assets return common equity 2019 equity return common equity equity book value share 201d equity shares net income"
}
{
    "_id": "dd496f026",
    "title": "",
    "text": "nine-year 2015.\n note 2 financial statements business combination customer.\n volume/weather variance due favorable weather industrial usage offset residential sales.\n industrial usage expansion projects chemicals increased demand new customers.\n louisiana act 55 financing savings regulatory charge tax savings.\n tax savings 2010-2011 audit settlement louisiana act 55 financing storm costs hurricane gustav ike.\n note 3 financial statements settlement benefit sharing.\n provision $ 23 million 2016 waterford 3 generator offset provision $ 32 million 2015 uncertainty. note 2 financial statements.\n net revenue 2016 2015.\n.\n net revenue $ 1666\n nuclear price changes\n reimbursement fuel expenses\n 2016 net revenue $ 1542\nnet revenue entergy wholesale commodities decreased $ 124 million 2016 due 2022 lower energy prices capacity prices amortization palisades below- market ppa vermont yankee capacity revenue.\n sale rhode island state energy center 2015.\n lower volume entergy nuclear fleet more refueling outage days 2016 larger resupply options.\n 2 outage second quarter entergy corporation"
}
{
    "_id": "dd4bc53f2",
    "title": "",
    "text": "2013 2012.\n decrease net adjustments due profit booking rate aeronautics mfc mst segments.\n increase adjustments 2013 profit booking rate mst favorable resolution contractual matters.\n net adjustments 2014 $ 650 million unfavorable items reserves training logistics mst warranty reserve adjustments mfc.\n adjustments 2013 2012 $ 600 million $ 500 million unfavorable items profit reduction f-35 development contract profit reduction c-5 program 2013 aeronautics.\n research design development manufacture support upgrade advanced military aircraft unmanned vehicles.\n programs f-35 lightning c-130 hercules f-16 f-22 raptor c-5m super galaxy.\n results.\n 2012\n net sales $ 14920 $ 14123\n operating profit\n margins 11. 1%. 1 %.\nyear-end $ 27600 $ 28000 30100\n net sales increased $ 797 million 6%.\n higher net sales $ 790 million f-35 contracts volume $ 55 million f-16 increased deliveries 17 contract $ 45 million f-22 risk retirements.\n offset lower sales $ 55 million f-35 volume $ 40 million c-130 fewer deliveries 24 25 decreased sustainment contract mix.\n operating profit increased $ 37 million 2%.\n higher operating profit $ 85 million f-35 $ 75 million f-22 risk retirements $ 50 million c-130 fewer deliveries $ 25 million c-5 program profit.\n offset lower operating profit $ 130 million f-16 decreased risk retirements increased deliveries $ 70 million sustainment decreased risk retirements volume.\n f-35 risk.\nprofit rate $ 105 million lower 2014.\n net sales decreased $ 830 million 6%.\n lower net sales $ 530 million f-16 program fewer deliveries 13 37 offset configuration $ million c-130 program fewer 25 offset increased sustainment $ 255 million f-22 program $ 205 million"
}
{
    "_id": "dd4c633ea",
    "title": "",
    "text": "debt restructurings loan concession borrower financial difficulties.\n loss mitigation include rate reductions principal forgiveness postponement amortization extensions bankruptcy discharges reaffirmation concession loss avoid foreclosure repossession.\n principal charged full principal interest potential incremental losses.\n factored estimate.\n defaults affected future economic conditions.\n loan until repaid collateral foreclosed charged.\n reserves $ million $ 580 million at december 31 2012 2011 tdr portfolio.\n table 71 summary debt restructurings millions.\n.\n.\n.\n consumer lending $ 2318 $ 1798\n commercial lending 541 405\n tdrs 2859 2203\n nonperforming $ 1589 $ 1141\n 1037 771\n credit 233 291\nregulatory guidance 2012 debt restructurings $ 366 million bankruptcy reaffirmation concession liability consumer lending population.\n increased nonperforming loans $ 288 million.\n charge-offs fair value collateral less investment $ 128. 1 million.\n 78% current payments december 31 2012.\n accruing loans six months performance restructured terms excluded nonperforming loans.\n credit cards small business consumer credit agreements restructured tdrs.\n loans status charged off 180 days past due.\n table loans classified tdrs change investments december 31 2012 2011.\n tdr concessions.\n principal forgiveness accrued interest.\n write down investment charge-off.\n rate reduction reduced interest rate interest deferral.\n future interest income.\n postponement/reduction scheduled amortization contractual extensions.\nmultiple concessions granted loan.\n principal forgiveness prioritized inclusion.\n principal forgiveness lower interest rate postponement amortization.\n rate reduction.\n interest rate reduction postponement amortization rate reduction.\n pnc financial services group.\n form 10-k"
}
{
    "_id": "dd4b97f56",
    "title": "",
    "text": "7a.\n disclosures market risk millions exposed to market risks interest rates foreign currency balance sheet items.\n use derivative instruments manage risks.\n derivative instruments risk management tools not trading speculative.\n exposure market risk fair market value cash flows debt obligations.\n majority debt 93% 89% 89 % ) december 31 2016 2015 bears interest fixed rates.\n debt variable interest rates 10% increase decrease not material interest expense cash flows.\n fair market value debt sensitive changes interest rates impact 10% change interest summarized.\n.\n.\n.\n used interest rate swaps risk management exposure.\n interest rate swaps outstanding december 31  2016.\n $ 1100. 6 cash equivalents marketable securities 31 conservative short-term bank deposits securities.\ninterest income investments subject to domestic foreign interest rate movements.\n 2016 2015 income $ 20. 1 $ 22. 8 .\n 100 basis-point increase interest rates income $ 11. cash equivalents securities impacted balances constant.\n subject to translation transaction risks.\n.\n changes exchange rates affect revenues expenses.\n.\n currencies british pound sterling argentine peso brazilian real japanese yen.\n.\n dollar 10% operating income 4% ( 4 % all currencies international revenue expenses constant 2016.\n currency operations local currency.\n assets liabilities translated at exchange rates expenses average exchange rates.\n translation adjustments recorded loss.\n foreign subsidiaries collect revenues pay expenses in functional currency.\n subsidiaries other.\n liabilities susceptible to movements until final.\ncurrency transaction gains losses included in office general expenses.\n review foreign exchange exposures use currency exchange contracts hedge fluctuations rates.\n enter contracts for speculative purposes."
}
{
    "_id": "dd4bd7db8",
    "title": "",
    "text": "federal realty investment trust schedule iii summary real estate accumulated depreciation - continued three years ended december 31, 2011 reconciliation accumulated depreciation amortization thousands ) balance december 31, 2008.\n additions during period 2014depreciation amortization expense.\n deductions during period 2014disposition retirements property.\n balance , december 31 , 2009.\n additions during period 2014depreciation amortization expense..\n deductions during period 2014disposition and retirements of property.\n balance , december 31 , 2010.\n additions during period 2014depreciation and amortization expense.\n deductions during period 2014disposition and retirements of property.\n balance , december 31 , 2011..\n 103698 11869 938087 108261 11144 1035204 114180 21796 1127588.\n december 31 2008 846258 2014depreciation amortization 103698 deductions retirements 11869 december 31 2009 938087 2014depreciation amortization 108261 deductions retirements 11144 december 31 2010 1035204 2014depreciation amortization 114180 deductions retirements -21796 21796 december 31 2011 1127588 realty investment trust real estate accumulated depreciation december 31 2011 depreciation amortization 31 2008.\n 2014depreciation amortization..\n deductions during period 2014disposition and retirements of property.\n balance , december 31 , 2009.\n additions during period 2014depreciation and amortization expense.\n deductions during period 2014disposition and retirements of property.\n balance , december 31 , 2010..\n additions during period 2014depreciation and amortization expense.\n deductions during period 2014disposition and retirements of property.\n balance , december 31, 2011.\n $ 846258 103698 ( 11869 ) 938087 108261 ( 11144 ) 1035204 114180 ( 21796 ) $ 1127588"
}
{
    "_id": "dd4c0d2d8",
    "title": "",
    "text": "company stock performance graph shows shareholder return dividend s&p 500 dow jones.\n index five years 27 2014.\n added s&p technology index.\n replaces s&p computer hardware index.\n assumes $ 100 invested common stock s&p 500 dow.\n index index market september 25 2009.\n historic stock price performance not indicative future performance.\n s&p mcgraw-hill companies.\n.\n.\n.\n.\n 23 $ 100 invested 9/25/09 stock index reinvestment dividends.\n last day fiscal year common stock september 30th indexes.\n.\n 2010 2011 2012 2013 2014\n apple. $ 100 160 222\n s&p 500 index $ 100 110\n dow jones. supersector index $ 100 112 115 150 158\ns&p 100 111 115 152 163 210"
}
{
    "_id": "dd497ccb2",
    "title": "",
    "text": "impact service interest cost benefit 1% change health care trend rate.\n.\n liability future cost increases pre-65 medical supplement plan limited 5% per annum.\n employer trend rates.\n 2007 amendment post-65 retiree coverage.\n three years.\n impact benefit cost recognized service life.\n.\n stock compensation plans summarizes stock-based compensation expense millions.\n years 31\n $ 138 $ 124 $\n performance plans\n stock options\n employee stock purchase plans\n compensation expense\n tax benefit\n net tax $ 146 $ 141 $\n 2009 converted stock administration system new service provider.\n reconciliation methodologies estimates $ 12 million reduction expense year december 31.\n employees performance-based service-based.\n three ten years grant.\nfair value service-based awards based market value common stock grant.\n break employment forfeiture unvested awards.\n compensation expense recognized over service period.\n dividend equivalents paid on service-based rsus initial grant amount.\n.\n vesting performance conditions revenue pretax income earnings per share five.\n performance not grant.\n performance-based market price common stock grant.\n compensation expense recognized over performance period additional vesting period.\n adjusted shares paid.\n payout range 0-200% units granted.\n dividend equivalents not paid performance-based rsus.\n granted 1. 6 million shares 2007.\n 2009 2008 3. 5 million"
}
{
    "_id": "dd4b8edd4",
    "title": "",
    "text": ".\n discount reflects incremental borrowing rate matches lifetime liability.\n changes discount rate sublease income impact amounts recorded.\n moving consulting legal fees.\n sponsor defined benefit pension plans.\n significant plans. netherlands canada.\n.\n plans closed new entrants.\n ceased crediting future benefits.\n.\n losses changes value obligation plan assets discount rate actuarial assumptions demographic experience asset performance not recognized net income.\n amortized into net income benefit cost.\n unrecognized gains losses deferred amortized into compensation benefits expense based average future service employees life expectancy.\n.\n.\n amendments cease crediting future benefits gains losses based life expectancy.\n amortize prior service expense credits plan changes.\ndecember 31  2013 pension plans deferred losses statements.\n amortize unrecognized losses outside corridor 10% market-related value assets.\n incremental amortization future pension expense until amortized.\n table combined experience loss amortizing estimated 2014 amortization by.\n.\n loss $ $ 1219 $ 402\n amortization\n estimated 2014 amortization loss $\n unrecognized prior service cost december 31 2013 $ 27 million.\n.\n.\n market-related valuation return benefit cost.\n recognizes 20% gains losses current year value remaining 80% over next four years.\n future value net benefit cost impacted deferred gains losses.\n december 31  2013 market-related value assets $ 1. 8 billion.\n market-related valuation funded status.\n plans.\nrecord funded status statements fair value.\n december 31 2013 $ 1. 9 billion.\n.\n value return."
}
{
    "_id": "dd4ba4152",
    "title": "",
    "text": "record inventory obsolescence reserve difference between cost estimated realizable value based product sales projections.\n reserve calcu lated using estimated obsolescence percentage on trends sales.\n establish reserves for future events.\n pension post-retirement benefit costs offer benefits to employees domestic trust-based noncontributory defined benefit pension plan.\n unfunded non pension plan.\n domestic contributory defined contribution plan international pension plans deferred compensation arrangements other post- retirement benefit plans.\n future payouts benefit pension post-retirement plans subject to assumptions variables.\n.\n evaluate assumptions with select assumptions.\n net earnings.\n discount rate for plan future net benefit cost based on review long-term bonds.\n domestic plans 3. 90%. international plans 1.%. and 7.%.\n discount rate domestic plans based portfolio long-term bonds aa rating major rating agency.\n used above-mean yield curve better settlement rate obligation cash flows match estimated defined benefit streams plans.\n benefit obligation higher $ 34 mil at june 2013-mean yield curve.\n international plans discount rate determined based yield curve high quality corporate bonds portfolio plan.\n fiscal 2013 expected return plan assets 7. 50%.\n varying rates 2. 25%. 7.%. international plans.\n long-term rate return historical rates investments investment strategies.\n 2014 pension deferred compensation post plans.\n difference between actual expected return assets income.\n gains/losses net benefit cost.\n fiscal 2013 pension plans return $ 74 million expected return $ 64 million.\nnet deferred gain $ 10 million amortized over 7 to 22 years.\n return on assets international pen sion plans exceeded expectations strong performance fixed income equity.\n lower return.\n due to weakness fixed income offset strong equity returns.\n 25 basis-point change 2013 pension expense 25 increase.\n $ -3. ( $ 3.\n return $ -2. 2.\n post-retirement plans health care impacted by cost trend rates.\n"
}
{
    "_id": "dd4bc4a56",
    "title": "",
    "text": "entergy corporation subsidiaries management financial.\n settlement electric customers realize credits regulatory liability $ 107 million $ 66 million net-tax.\n costs amortized nine-year period december 2015.\n note 2 financial statements.\n volume/weather variance due favorable weather industrial usage offset weather residential sales.\n industrial usage expansion projects chemicals industry increased demand new customers.\n louisiana act 55 financing savings tax savings customers.\n tax savings 2010-2011 audit settlement louisiana act 55 financing storm costs hurricane gustav ike.\n note 3 financial statements settlement benefit.\n provision $ 23 million 2016 waterford 3 replacement steam generator offset $ 32 million 2015 uncertainty 3.\n note 2 financial statements.\n net revenue 2016 2015.\n.\nrhode island energy center -44\n nuclear volume -36\n fitzpatrick reimbursement agreement 41\n nuclear fuel expenses\n -4\n 2016 net revenue $ 1542\n revenue wholesale commodities decreased $ 124 million due lower wholesale energy prices capacity prices average revenue per mwh higher fitzpatrick reimbursement agreement palisades vermont yankee capacity revenue.\n sale rhode island center.\n lower volume fleet more refueling outage days larger resupply options.\n"
}
{
    "_id": "dd4bda630",
    "title": "",
    "text": "item 11 2014executive compensation incorporate executive director compensation headings board committees 201ccompensation benefits compensation committee proxy statement 2013 annual meeting november 20.\n item 12 2014security ownership owners management stockholder matters incorporate ownership common stock headings management proxy statement 2013 annual meeting november.\n table information may 31 , 2013 shares company common stock issued existing equity compensation plans.\n note 11 consolidated financial statements.\n plan category number securities issued options warrants rights weighted average exercise price securities future issuance plans approved 1765510 $ 34. 92 7927210 not approved 2014.\n plan category number securities issued options warrants rights weighted-average exerciseprice number securitiesremaining issuance\nequity compensation plans approved 1765510 $ 34. 92 7927210 1\n not approved 2014\n 1765510 $ 34. 92 7927210 1\n shares common stock issuance option warrant right global payments.\n 2000 long-term incentive plan.\n 2005 incentive plan 2000 non- employee director stock option plan employee stock purchase plan.\n 2011 incentive plan.\n item 13 relationships transactions director independence affiliates independence board directors board committees statement 2013 annual meeting november 20.\n 14 2014principal accounting fees services reappointment auditors 2013 annual meeting."
}
{
    "_id": "dd4c54f8e",
    "title": "",
    "text": "march 2000 company $ 850 million credit agreement banks loans letters credit maximum borrowing capacity.\n loans interest prime spread. 50%. libor spread 2%.\n spreads credit ratings term maturity.\n replaced $ 600 million revolving credit $ 250 million letter credit facilities.\n december 31 2001 $ 496 million available.\n commitment fees. 50%. per annum.\n debt borrowings unsecured obligations.\n may 2001 issued $ 200 million remarketable securities.\n mature june 15 2013 maturity no june 15 2014.\n first remarketing redeem roars 100% principal unpaid interest premium.\n.\n interest accrues. 375%. until first remarketing set annually market rate bids.\n.\n debentures convertible common stock conversion price $ 27. per share.\nmaturities debt december 31 2001 millions.\n 2002 $ 2672\n 2003 2323\n 2004 1255\n 2005 1819\n 2006 1383\n 12806\n $ 22258\n covenants 2019s recourse debt loan restrictive financial non-financial covenants.\n net worth cash flow debt capital.\n limitations additional debt dividends.\n provisions default.\n non-recourse debt financial non-financial covenants.\n limited subsidiary activity vary subsidiaries.\n reserves working capital limitations additional indebtedness.\n december 31 2001 $ 442 million restricted cash reserves balance sheets.\n restrict subsidiaries transfer retained earnings parent company.\n earnings $ 6. 5 billion at december 31  2001."
}
{
    "_id": "dd4c4a9bc",
    "title": "",
    "text": "capital commitments ship construction capital expenditures refurbishment.\n expenditures $ 1. 6 billion $ 1. 2 billion $ 0. 7 billion 2019 2020 2021.\n export credit financing $. billion $. billion $. 2 billion.\n increase depreciation amortization expense.\n six ships 140000 gross tons 3300 berths delivery 2022 2027.\n breakaway class ship 168000 gross tons 4000 berths fall 2019.\n two explorer class ships 2020 2023.\n 55000 gross tons 750 berths.\n oceania two allura class ships 2022 2025.\n 67000 gross tons 1200 berths.\n combined contract prices 11 ships. 9 billion $. 1 billion.\n.\n export credit financing 80% contract price.\n contractual breaches cancellations.\nevents forfeiture deposits claims losses impact business financial condition results.\n capitalized interest 2018 2017 2016 $ 30. 4 million $ 29. million $ 33. 7 million associated construction newbuild ships.\n off-balance sheet transactions contractual obligations interest payments long-term debt less than 1 year 1-3 years 3-5 years more 5 years.\n long-term debt $ 6609866 $ 681218 3232177 929088 1767383\n operating leases\n ship construction contracts 5141441\n port facilities 1738036\n 974444 222427\n 1381518\n 15973855 2143649 4915507 5304579\n long-term debt includes discount premiums $ 0. 4 million capital leases.\ndebt deferred financing fees debt balance.\n operating leases offices vehicles equipment.\n ship construction contracts newbuild ships euro.\n dollar exchange rate.\n export credit financing banks.\n include leonardo explorer allura subject financing italian government approvals.\n note 17 2014 financing.\n port facilities.\n interest includes fixed variable rates libor constant.\n future commitments service maintenance business enhancement capital expenditure contracts.\n excludes $ 0. 5 million unrecognized tax benefits."
}
{
    "_id": "dd4ba0908",
    "title": "",
    "text": "consolidated financial statements 2013 millions guaranteed obligations subsidiaries leases credit facilities.\n parent company guarantees lease obligations $ 857. $ 619. december 2016 2015 credit facilities $ 395. $ 336.\n non-payment pay.\n no material assets pledged guarantees.\n obligations estimated future contingent acquisition obligations payable cash december 31.\n 2021\n deferred acquisition payments $ 76. $ 31. 25. 11. $ 180.\n redeemable noncontrolling interests call options.\n contingent acquisition payments $ 111. $ 108. 58. 12. 30. 15. $ 336.\n acquisitions redeemable noncontrolling interests call options similar terms conditions.\n estimated amounts paid earliest date.\nredeemable noncontrolling interests exercisable at discretion owners as of december 31 2016.\n estimated payments of $ 25. 9 included within total payments 2017 into 2018 until exercised or expired.\n at current exercise price payable cash not redemption value.\n majority payments contingent upon operating performance targets conditions agreements subject to revision.\n see note 4 for information payment structure acquisitions.\n involved in legal proceedings subject to investigations inspections audits inquiries governmental authorities.\n allegations vary contract employment tax intellectual property.\n evaluate cases record liabilities for losses from proceedings.\n certain cases loss early stages.\n management believes on financial condition operations cash.\napril 10 2015 federal judge brazil authorized search agency offices e3o paulo brasilia investigation payments government contracts.\n company investigated remedial disciplinary actions.\n concluding settlement government.\n contacted justice antitrust video production practices cooperating."
}
{
    "_id": "dd4bcf532",
    "title": "",
    "text": "tax returns examination foreign jurisdictions.\n include germany italy switzerland.\n possible audits twelve months impact results operations financial position.\n.\n 2 million shares participating preferred stock authorized issuance none outstanding december 31 2007.\n numerator basic diluted earnings per share net earnings.\n basic earnings weighted average shares.\n diluted earnings shares dilutive stock options equity awards.\n reconciliation weighted average shares basic diluted computations years ending december 31.\n shares net earnings per.\n dilutive stock options.\n diluted earnings.\n. dilutive stock options. diluted earnings. year december 31 2007. million options purchase shares common stock not included diluted earnings per share prices greater than average market price common.\nyears 2006 2005 7. 6 million 2. 9 million options not included.\n 2005 authorized stock repurchase $ 1 billion 2007.\n 2006 additional repurchase $ 1 billion 2008.\n acquired 19345200 shares $ 1378. 9 million.\n.\n design develop manufacture market reconstructive orthopaedic implants joint spinal trauma products.\n healthcare services.\n revenue less than 1 percent total net sales.\n manage operations three segments pacific.\n basis reportable segment information.\n management evaluates segment performance profit operations corporate expenses share-based compensation settlement acquisition inventory intangible asset amortization.\n operations research development engineering medical education brand management corporate legal finance human resource.\n manufacturing logistics.\n intercompany transactions eliminated.\nmanagement reviews accounts receivable inventory property plant equipment goodwill intangible assets segment u. s puerto rico manufacturing operations logistics corporate assets.\n.\n consolidated financial statements"
}
{
    "_id": "dd4bbc040",
    "title": "",
    "text": "capital cash flows 2016 2015 2014.\n table summarizes cash flow operating investing financing millions.\n $ 1847. 8 $ 1679. 7 1529.\n investing -961. 2 961. 1482. -959. 959.\n financing -851. 851. 2 -239. 7 239. -708. 708.\n changes assets liabilities acquisitions divestitures decreased cash flow $ 205. 2 million 2016 $ 316. 7 million 2015 accounts receivable increased $ 52. 3 million timing billings $ 15. 7 million 2015.\n sales outstanding 38. 3 days 26. 25. 8 days deferred revenue.\n accounts payable decreased $ 9. 8 million $ 35. 6 million 2015 timing.\n cash obligations $ 11. million lower.\ndecrease cash capping closure post-closure obligations due payments 2015.\n cash remediation obligations $ 13. 2 million lower 2016 timing.\n cash income taxes $ 265 million $ 321 million 2016 2015.\n tax depreciation tax credits.\n cash interest $ 330. 2 million $ 327. 6 million.\n changes assets liabilities decreased cash flow $ 316. 7 million 2015 $ 295. 6 million 2014 accounts receivable increased $ 15. 7 million timing billings $ 54. 3 million 2014.\n sales outstanding 38 days 25 days.\n accounts payable increased $ 35. 6 million $ 3. 3 million due timing payments."
}
{
    "_id": "dd4ba2514",
    "title": "",
    "text": "biomet holdings.\n subsidiaries 2017 10-k annual report financial statements.\n table summarizes liabilities integration plans millions employee termination benefits contract terminations.\n balance december 31 2016 $ 38. $ 35. $ 73.\n 12. 5. 17.\n cash payments. 47.\n foreign currency exchange rate changes 1.\n balance december 31 2017 $ 14. 8 $ 30. 3 $ 45.\n recognized employee termination benefits acquisitions operational excellence initiatives.\n project personnel expenses salary benefits travel expenses notified termination quality enhancement remediation.\n relocated facilities expenses moving lease expenses costs relocation.\n litigation matters expenses settlement.\n royalty patent product liability commercial litigation.\ncontract termination costs agreements integration distribution model business restructuring operational excellence.\n sales agents distribution agreements.\n information technology integration costs non- capitalizable platforms software quality excellence initiatives.\n recognized $ 209. million intangible assets-process research development projects.\n 2017 2016 impairment losses $ 18. 8 million $ 30. million.\n termination projects.\n recognized $ 479. million assets trademarks indefinite.\n reclassified finite life asset impairment $ 8. million.\n loss disposal sold economic useful life reduced integration quality operational excellence initiatives.\n contingent consideration adjustments fair value obligations prior owners.\n r&d agreements upfront payments intellectual property.\n investments maturity three months.\n valued at cost.\n.\ngrant credit customers maintain allowance for doubtful accounts.\n determine allowance by geographic market credit experience creditworthiness information.\n collect accounts receivable write-off against allowance.\n allowance doubtful accounts $ 60. 2 million $ 51. 6 million as of december 31 2017 2016.\n lower cost first-in first-out.\n property plant equipment carried cost less accumulated depreciation.\n computed lives ten to forty years buildings three to eight years machinery equipment.\n maintenance repairs expensed.\n review property equipment for impairment.\n impairment loss future cash flows less than carrying amount.\n carrying exceeds fair value.\n capitalize costs.\n include materials services"
}
{
    "_id": "dd4bb76ee",
    "title": "",
    "text": "customer needs handle demand changes.\n industrial engineering productivity.\n 2022 fuel prices uncertainty economy fuel price projections difficult volatile fuel prices sensitive global.\n domestic demand refining capacity geopolitical issues weather conditions factors.\n reduce impact fuel price earnings recovery fuel surcharge programs expand fuel conservation efforts.\n capital plan capital investments $ 2. 5 billion including ptc revised conditions laws affect returns.\n liquidity capital resources plan.\n train control 2015 spend $ 200 million 2010 development ptc.\n $ 1. 4 billion 2015.\n installing new system upgrading locomotives digital data communication equipment.\n financial expectations cautious economic conditions volume increase 2009.\n anticipate pricing opportunities productivity improvements.\n operations revenues 2009 2008 2007 change.\nfreight revenues $ 13373 $ 17118 $ 15486 22 % 11% 11 %\n other revenues 770 852 797\n $ 14143 $ 17970 $ 16283 21 % 10% 10 %\n revenues six commodity groups.\n vary volume average revenue.\n price traffic fuel surcharges.\n incentives volumes locations reduction revenues.\n revenues percentage-of-completion.\n allocate transit time expenses.\n revenues subsidiaries commuter accessorial revenues equipment services.\n obligations.\n freight revenues volume six commodity groups decreased 2009 economic weakness.\n largest volume declines automotive industrial"
}
{
    "_id": "dd4c46150",
    "title": "",
    "text": "item 5.\n common equity matters issuer purchases price dividends.\n class common stock quoted nasdaq global market symbol. high low closing sale prices 2014 2013.\n 2014 first quarter $ 62. 54.\n second quarter.\n third quarter.\n fourth quarter.\n 2013\n first quarter $ 38. $ 34.\n second quarter.\n third quarter.\n fourth quarter.\n february 13 2015 8208 holders common stock.\n february 10 2015 213247004 238435208 shares held charles.\n remaining 25188204 trusts.\n.\n no trading market b common stock.\n.\n 2012 paid cash dividend $ 1. per share $ 453 million class b common stock stockholders business december 14 2012.\n additional dividends may elect.\nfuture dividends earnings capital debt.\n retain earnings support future growth expansion repurchase common stock.\n 201citem 7.\n financial condition liquidity capital resources annual report 10-k.\n securities equity compensation plans.\n 201citem 12.\n security ownership stockholder matters."
}
{
    "_id": "dd4c5081c",
    "title": "",
    "text": "death employee beneficiary receives benefits insurance company receives remainder.\n minimal cash payments policies.\n net pension cost split-dollar life insurance arrangements $ 5 million 2014 2013 2012.\n company recorded liability future death benefits $ 66 million $ 51 million 2014 2013.\n amended reinstated june 1 2013.\n defer base salary cash incentive compensation 401 ( k ) plan limitations.\n invest deferred amounts investment alternatives plan.\n allows company matching contributions first 4% compensation deferred maximum $ 50000 officers lost matching amounts discretionary amounts.\n subsidiaries employees.\n. 401 plan contributory.\n matching contributions based contributions.\n expenses defined contribution plans 2014 2013 2012 were $ 31 million $ 32 million $ 30 million.\njanuary 1 2012 company 401 k ) employees.\n 31 2014 2013 2012 no contributions.\n.\n share-based compensation plans incentive plans stock options appreciation rights employee purchase plan grants options common stock employees option holders.\n option exercise price 100% fair market value common stock.\n awards contractual life five fifteen years vest two four years.\n change control exercisable holder terminated quits 24 months change control.\n employee stock purchase plan common stock payroll deductions 20% compensation.\n purchase more $ 25000 stock year.\n per share 85% fair market value stock.\n two purchase periods october 1 march 31 second april 1 september 30.\n years december 31 2014 2013 2012 employees purchased. million. shares prices $ 51. $.\ncompany calculates employee stock option grant black-scholes pricing model.\n 2014 2013 2012 $ 11. 02 $ 9. 52 $ 9. 60  assumptions.\n volatility 21. 7%. 7 % 22. 1%. 1 % 24. 0%.\n risk-free interest rate. 6%. 6 %. 9%. 9 % 8%. 8 %\n dividend yield 2. 5%. 5 %. 4%. 4 %. 2%. %\n life 5.\n uses implied volatility traded options stock.\n future price trends.\n risk-free interest rate average daily closing rates.\n.\n dividend yield future payouts.\n life average contractual term weighted-average vesting period."
}
{
    "_id": "dd4b982d0",
    "title": "",
    "text": "cdw corporation subsidiaries financial statements 2013 denominator impacted common shares ipo underwriters 2019 exercise.\n shares issued july 2 31 partially reflected 2013 denominator.\n reflected 2014 denominator.\n note 9.\n dilutive effect restricted stock options mpk plan units diluted earnings share treasury.\n reconciliation basic shares diluted shares.\n 2013 2012 2011\n-average shares.\n dilutive securities.\n.\n 2013 2012 2011 diluted earnings per share excludes impact. potential common shares-dilutive.\n.\n deferred compensation plan 10 2010 purchase $ 28. 5 million senior subordinated debt restricted debt unit plan unfunded nonqualified deferred compensation plan.\n 28500.\n december 31 2013.\nrdus outstanding vest daily three january 1 2012 through december 31 2014.\n participants no rights debt.\n compensation plan based principal interest.\n principal credits $ 28. 5 million senior subordinated notes redemption premium equivalents.\n interest credits interest earned march 2010 october 12 2017.\n interest 2010 2011 deferred until 2012 paid semi-annually.\n payments $ 1. 7 million $ 1. 3 million april october 2013.\n proceeds borrowings $ 324. million senior subordinated notes august 1 2013.\n amended rdu plan increase retentive value.\n principal converted cash-denominated pool redemption senior notes.\n added $ 1. 4 million principal component december 31 2013 redemption premium equivalents.\namended rdu plan redemption notes ceased accrue credits.\n"
}
{
    "_id": "dd4c5f09c",
    "title": "",
    "text": "printing papers sales 2006 decreased 3% 2004 sale.\n coated papers business.\n operating profits 43% higher 2005 33% 33 % higher 2004.\n earnings improved.\n pulp european papers offset declines brazilian papers.\n higher sales price united states brazil 284 improved manufacturing operations reduced lack-of-order downtime 41 million higher sales volumes 23 offset higher raw material energy costs 109 million higher freight costs 45 million fixed assets 128 million.\n higher earnings.\n offset lower european brazilian papers.\n 555000 tons downtime 150000 tons lack-of-order.\n 970000 tons downtime 2005 520000 tons lack-of-orders.\n.\n.\n net sales $ 3. 5 billion. billion 2005. 3 billion 2004.\nvolumes increased 2006 cut-size printing.\n price increases.\n lack-of-order downtime declined 450000 40000 tons closure uncoated freesheet machines.\n earnings doubled.\n costs freight energy.\n mill operations performance labor $ 30 million machine shutdowns.\n.\n coated papers net sales $ 920 million 2006 $. billion 2005 $. billion 2004.\n profits 2006 26% 26 % lower.\n small operating loss 2004.\n third quarter 2006.\n sales volumes.\n coated freesheet groundwood paper higher increases.\n input costs energy wood raw materials increased.\n machine efficiency mill cost savings.\n.\n pulp sales 2006 $ 509 mil $ 526 million $ 437 million 2005 2004.\n paper tissue pulp.\n higher.\nearnings increased 30% 2005 2004 higher sales prices.\n costs wood energy higher.\n poor operations carolina.\n paper sales $ 496 higher 465 2005 $ 417 million 2004.\n higher volumes uncoated freesheet paper strengthening brazilian currency.\n.\n sales price improved uncoated freesheet paper wood chips.\n profits $ 122 million down 134 million 2005 $ 166 million 2004 extended mill outage boiler environmental upgrades.\n papers sales $ 1. 5 bil lion 1. 2005. 2004.\n volumes higher eastern european mills.\n sales price increased.\n earnings rose 20% 2005 15% below 2004.\n"
}
{
    "_id": "dd4bf5e44",
    "title": "",
    "text": "jpmorgan chase.\n.\n.\n.\n.\n securities borrowed cash collateral.\n government equity.\n market value daily calls additional collateral.\n fees interest income expense.\n table collateralized financings.\n 31 millions 2008 2007\n securities purchased resale agreements $ 200265 $ 169305\n borrowed\n repurchase agreements $ 174456 $ 126098\n loaned\n resale agreements $ 20. 8 billion $ 19. 1 billion 2008 2007.\n securities borrowed $ 3. 4 billion.\n repurchase agreements $ 3. billion $ 5. 8 billion 2008 2007.\n jpmorgan chase pledges instruments repurchase agreements.\n pledged securities sold repledged consolidated balance sheets.\ndecember 31 2008 firm received securities collateral $ 511. 9 billion.\n collateral obtained resale borrowing agreements.\n $ 456. 6 billion repledged delivered used repurchase lending short sales.\n accounting origi nated purchased trading strategy.\n loans acquisition.\n purchased loans credit deterioration payments credit-impaired.\n measurement framework loans financial statements 2022 principal amount net loan losses unearned income deferred loan fees costs investment lower cost fair value valuation changes revenue held-sale fair value trading purchased credit-impaired loans investment account ed sop 03-3 measured fair value future credit losses.\n allowance loan losses not recorded acquisition date.\n note 5 pages 156 2013158 annual report fair value accounting.\nnote 6 pages 158 2013160 annual report loans trading assets.\n interest income recognized method level rate return term.\n loans transferred-sale portfolio.\n recorded lower cost fair value.\n credit-related losses charged losses interest rates recognized noninterest revenue.\n loans transferred lower cost fair value.\n assessed impairment firm 2019s allowance methodology.\n note 15 pages 178 2013180 annual report.\n nonaccrual loans accrual interest continued.\n payment interest doubt 90 days past due collateral insufficient.\n loans charged allowance losses loss realized.\n interest accrued not collected reversed against interest income.\n amortiza tion net deferred loan fees suspended.\n interest income nonaccrual loans recognized received cash.\ndoubt lectibility loan principal cash carrying value.\n loans restored future interest principal assured.\n consumer loans charged losses stages delinquency federal financial institutions council policy.\n credit card loans charged month 180 days past due 60 days bankruptcy.\n residential mortgage products charged value 180 days past due.\n"
}
{
    "_id": "dd4c4dda6",
    "title": "",
    "text": "financial statements gs bank usa fdic-insured new york state-chartered bank member federal reserve system supervised regulated federal reserve board fdic new york state department financial services consumer financial protection bureau subject minimum capital requirements bank holding companies.\n computes capital ratios state banks basel 1.\n tier 1 capital ratio 6% total capital ratio 10% 1 leverage ratio 5%.\n agreed maintain capital ratios.\n tier 1 capital ratio 8% total capital ratio 11% leverage ratio 6%.\n compliance capital requirements december 2012 2011.\n regulatory capital ratios basel 1 federal reserve board.\n 2012 2011\n 1 capital $ 20704 $ 19251\n tier 2 capital $\n total capital $ 20743 $ 19257\n risk-weighted assets $ 109669 $ 112824\n1 capital ratio 18. 9%. 9 %. 1%.\n capital. 9%. 9 %. 1%.\n tier 1 leverage ratio. 6%. 6 % 18. 5%. 5 %\n january 1 2013 gs bank usa revised market risk regulatory framework.\n increased capital requirements capital ratios 2013.\n basel 2 framework.\n.\n capital requirements impacted june 2012 modifications capital adequacy regulations risk-based capital ratios.\n framework common equity tier 1 ratio minimum 1 capital ratio supplementary leverage ratio.\n impacted dodd-frank act stress tests.\n deposits insured fdic.\n cash reserves.\n $ 58. 67 billion $ 40. 06 billion december 2012 2011 exceeded required reserve amounts $ 58. 59 billion $ 39. 51 billion.\ngs bank usa subsidiaries.\n regulated by federal reserve board.\n regulations limit credit extensions require market terms.\n.\n subsidiaries include gsib gs bank bank subject minimum capital requirements.\n december 2012 2011 gsib compliance capital requirements.\n january 18 2013 gs bank europe surrendered banking license central bank ireland deposits gsib.\n 2012 annual report"
}
{
    "_id": "dd4c377ea",
    "title": "",
    "text": "default under debt instruments including senior notes subject to acceleration maturity.\n liquidity repay indebtedness.\n seek amendment or repay debt with new debt equity asset sales.\n amend credit facilities raise capital repay obligations maturities accelerated.\n to governmental agencies entities under environmental regulations landfill operations closure costs performance collection landfill transfer station contracts.\n surety bonds letters of credit insurance policies trust deposits in restricted cash marketable securities consolidated balance sheets.\n determined by state environmental regulations.\n.\n require third-party engineering specialist determine costs.\n from obligation.\n.\n contract performance varies by.\n provide assurance for insurance program collateral for performance obligations.\n increase in financial assurance requirements during 2014 may.\nfinancial instruments issued not indebtedness.\n no liability not reflected consolidated balance sheets record capping closure post-closure self-insurance liabilities.\n underlying obligations recorded fulfill.\n.\n no debt obligations leases not debt.\n guarantee third-party debt.\n free cash flow.\n operating activities purchases property equipment proceeds sales.\n free cash flow years 31 2013 2012 2011 calculated millions.\n operating activities $ 1548. 2 $ 1513. $ 1766. 7\n purchases property equipment -880. 880. 903.\n proceeds sales property 23. 28. 34. 6\n free cash flow $ 691. 3 $ 639. $ 864."
}
{
    "_id": "dd4bcd2e6",
    "title": "",
    "text": "brokerage asset management 6% citi holdings december 31 2009 retail brokerage asset management businesses.\n 2009 divestitures smith barney nikko cordial securities.\n 31 had $ 35 billion assets $ 26 billion 49% interest mssb jv 13 billion investment loans $ 9 billion asset management insurance businesses half transferred latam rcb first quarter 2010.\n morgan stanley purchase citi remaining stake mssb jv over three years 2012.\n 2009 results include $. billion gain $. billion sale smith barney.\n % change.\n.\n.\n.\n net interest revenue $ 432  $ 1224 $ 908 35%\n non-interest revenue 14703\n interest expense $ 15135 $ 8423 $ 10659 80% 21\noperating expenses $ 3350 $ 9236 $ 7960 64 % 16%\n net credit losses $ 3 $ 10 2014 70 %\n credit reserve 36 100%\n unfunded lending commitments 2014\n benefits claims $ 155  $ 205  $ 154 33%\n provisions loan losses benefits claims $ 189  $ 223 $ 158 41%\n income operations before taxes $ 11596 $ 2541\n taxes 4489 -272\n operations $ 7107 $ -764 $ 1707\n noncontrolling interests -179\n $ 7095 $ -585 $ 1672\n assets $ 35  $ 58 4% 4\n eop deposits\n.\n interest expense increased 80% $ 11. 1 billion pretax gain.mssb jv transaction $ 320 million pretax gain managed futures.\n revenue decreased smith barney nikko asset management retail investments.\n $ 347 million gain citistreet settlement auction securities 393 million.\n operating expenses decreased 64% smith barney nikko management engineering 2008 one-time expenses $. 9 billion intangible impairment $. 2 billion restructuring. write- downs.\n loan losses benefits claims decreased 15% 50 million reserve million.\n assets decreased 40% sales nikko management managed futures business. smith barney assets.\n.\n interest expense decreased 21% lower revenues smith barney nikko asset management higher markdowns investments.\n operating expenses increased 16% $. billion impairment nikko asset. billion restructuring $. billion write-downs.\nloan losses benefits claims increased 65 million $ 52 million.\n assets increased 4%."
}
{
    "_id": "dd4bdad7e",
    "title": "",
    "text": "2018 form 10-k unrecognized tax benefits change twelve months expiring statutes audit activity tax payments proceedings transfer decisions jurisdictions.\n december 31 2018 $ 96 million tax liabilities $ 1 million assets uncertain tax positions twelve months.\n business 120 countries subject income taxes jurisdictions.\n internal revenue examinations completed closed 2015.\n.\n unresolved issues operations financial cash flows.\n provision income tax uncertainties.\n.\n long-term incentive plan stock options equity awards employees directors.\n 57. 4 million shares common stock authorized issuance 2027.\n 46. 2 million shares stock available december 31 2018.\n stock-based compensation cost $ 121 million $ 37 million 2018 2017.\n measured date grant fair value recognized vesting period.\ncompensation cost determined awards reduced cost estimated forfeitures historical rates.\n estimated grant revised reflect forfeitures.\n no stock-based compensation costs.\n officers directors employees.\n vest equal three-year vesting period employed.\n fair value stock option estimated black- scholes option pricing model.\n weighted average assumptions.\n expected life options.\n average vesting term original contractual term.\n volatility historical volatility five competitors six year period.\n risk-free interest rate.\n treasury yield curve.\n dividend yield five year history dividend payouts.\n risk-free interest rate 2. 5%. 1%\n. 7%. 4%. 4\n dividend yield.\n average fair value per share at grant date $ 10. 34 $ 12.\n"
}
{
    "_id": "dd4c32b8c",
    "title": "",
    "text": "risk loan classes.\n higher fico scores lower ltvs lower risk.\n lower higher ltvs locations higher risk.\n first quarter 2013 refined process home equity residential real estate asset quality indicators.\n determining lien position ltv 67 68.\n table 67 recorded investment.\n 68 outstanding balance.\n 2013 2012 balance disclosures.\n consumer impaired loan estimates credit impacts.\n influenced real estate values payment patterns fico scores economic environment ltv ratios date origination.\n risk cash flows.\n note 6 purchased loans.\n table 66 home equity residential real estate balances millions december 31 2013 $ $ 42725 5548 6638 government insured residential real estate mortgages 2279 adjustments $ 51512 $ 51160 recorded investment.\n outstanding balance.\n pnc financial services group.\n 2013 10-k.\n millions december 31\n home equity residential real estate loans 2013 $ 44376 $ 42725\n 5548 6638\n government insured real mortgages 1704 2279\n accounting adjustments 2013 loans -116 -482\n loans $ 51512 $ 51160\n risk loan.\n higher fico scores lower ltvs lower risk.\n ltvs higher.\n quarter 2013 refined process home equity residential real estate asset quality indicators.\n lien position ltv table 67 68.\n table 67 recorded investment.\n 68 balance.\n 2013 2012 balance disclosures.\n impaired loan cash flows credit impacts.\ncash flow influenced credit real estate values payment patterns fico scores economic environment ltv ratios date origination.\n risk cash.\n note 6 loans.\n table 66 home equity residential real estate balances millions $ $ 42725 5548 6638 government insured mortgages 1704 2279 adjustments loans $ 51512 $ 51160.\n outstanding balance.\n pnc financial services group.\n 2013 form 10-k"
}
{
    "_id": "dd4c195b0",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014 maturities december 31 2003 principal payments long-term debt capital leases next five years estimated thousands december 31.\n 2004 $ 77622\n 2005 115444\n 2006 365051\n 2007 728153\n 2008 808043\n 1650760\n cash obligations 3745073\n 12. 25%. notes -339601\n related warrants -44247\n balance december 31 2003 $ 3361225\n holders convertible notes repurchase maturity 2009 2010 pay purchase shares common stock.\n 6. 25%. 5. 0%. 2006 2007.\n.\n interest rate protection agreements 50% variable rate debt.\n exposed credit risk counterparty.\n current value.\n contracts december 31 2003 credit worthy institutions.\n three interest rate caps $ 500.interest rate 5% 2004.\n 2003 2002 liabilities instruments $ 0. million $ 15. 5 million long-term liabilities balance sheet.\n 2003 unrealized loss $ 0. 3 million tax benefit $. 2 million reclassified $ 5. 9 million $ 3. 2 million operations.\n 2002 unrealized loss $ 9. 1 million tax benefit $ 4. 9 million reclassified $ 19. 5 million $ 10. 5 million.\n hedge ineffectiveness gain $ 1. million loss $ 2. 2 million 2002 2001 loss investments statements.\n derivative instruments.\n reclassifying derivative losses twelve months no loss december 31 2003."
}
{
    "_id": "dd4bae0da",
    "title": "",
    "text": "2022 unrestricted sell assets merge companies.\n exceptions senior permit incur additional secured.\n senior credit facilities require maintain covenants maximum leverage bank debt leverage interest coverage capital expenditures.\n consolidated net bank debt adjusted ebitda ratio eliminated 2005.\n december 31 2006 financial covenants debt agreements.\n payments debt short term borrowings.\n $ 2 million accounting adjustment assumed debt.\n.\n obligations.\n retirement disability surviving pensions.\n benefits vary legal economic conditions.\n commitments defined contribution benefit plans.\n dependent years service compensation.\n supplemental retirement benefits non-qualified.\n tax.\n trusts established non-qualified plans.\n company sponsors defined benefit pension plans north america asia.\n december 31 2006 company.\npension plan 84% 76% celanese assets liabilities.\n trusts administer majority.\n pension costs retirement plans actuarially determined.\n sponsors contribution plans north america asia.\n.\n contributions $ 11 million $ 12 million 8 million $ 3 million years 2006 2005 nine months 2004 three months 2004.\n financial statements 2014"
}
{
    "_id": "dd4b8ac48",
    "title": "",
    "text": "sfas.\n 142 goodwill intangible assets not amortized subject periodic assessment impairment fair-value-based test.\n deductible tax.\n company performs annual test impairment may.\n.\n 2006 no impairment 2006.\n allocated $ 15. 8 million purchase price in-process research development projects.\n acquired projects.\n cyvera veracode technology beadxpress reader.\n 50% 25% 25 % complete.\n december 31 2006 90% 90 % 80% 80 % ) complete.\n value ipr&d determined costs net cash flows discounting value.\n revenue projections reduced probability new technology market sizes growth factors trends new product introductions.\n net cash flows based on estimates cost sales operating expenses income taxes.\n rates cash flows based estimated cost capital calculations.\nforecast risks growth profitability discount rates 30% appropriate for ipr&d.\n company believes discount rates commensurate with projects development uncertainties economic estimates.\n if projects not developed sales profitability may.\n assumptions ipr&d analysis reasonable acquisition.\n no assurance assumptions project sales development costs profitability.\n acquisition technological feasibility research development no alternative future uses.\n costs expense second quarter 2005.\n unaudited information shows results operations years january 1 2006 2 2005 acquisition.\n revenue $ 73501 $ 50583\n net loss -6234 ( -9965 ( 9965\n loss per share. 15. 27.\n.\n consolidated financial statements 2014"
}
{
    "_id": "dd497ad9a",
    "title": "",
    "text": "pulp market demand.\n sales price improved 2007 higher prices softwood hardwood fluff pulp.\n earnings $ 104 mil $ 48 million 2006 $ 37 2005.\n offset costs energy chemicals freight.\n demand pulp strong increase.\n input costs freight increased spending mill maintenance outages.\n non-durable goods processed foods poultry meat agricultural products.\n raw material energy freight costs manufacturing effi product mix.\n net sales 2007 increased 6% 6 $ 5. 2 billion $ 4. 2006. 2005.\n profits 26% 26 % higher 2006 double 2005.\n improved price realizations 147 million sales volume increases offset higher raw material freight costs 18.\n gain $ 13 million 2006 sale property costs $ 52 million 2007 conversion paper machine lightweight.\nsegment 165000 tons downtime 2007 market 135000 2006.\n packaging.\n $ 5245 $ 4925\n profit $ 501\n american packaging sales 2007 $ 3. 9 billion. 2006. 2005.\n profits $ 407 million 327 2006 170 2005.\n containerboard shipments higher paper machine pensacola converted lightweight linerboard.\n sales price realizations higher price increases.\n margins improved export demand.\n performance strong mill maintenance outages higher.\n costs wood energy chemicals recycled fiber increased.\n results $ 52 million conversion pensacola paper machine.\n.\n converting sales volumes lower demand.\n earnings improvement price increases.\n higher sales prices fiber raw material freight costs.\n sales volumes increase price increases.\n additional mill maintenance outages freight input costs rise wood.\n.\n sales 2007 $ 1. billion. 2006 880 million 2005.\n volumes flat weakened.\n profits $ 88 million 69 2006 53 2005.\n margins improved.\n conversion costs improvement.\n first quarter 2008 sales volumes strong fruit vegetable season.\n profit margins lower."
}
{
    "_id": "dd4bf2bcc",
    "title": "",
    "text": "consolidated financial statements 2014financial instruments collateral-party flooring credit insurance company distribution retail partners.\n one customer accounted 11% trade receivables september 29 2007 no customers 10% receivables september 30 2006.\n table summarizes activity allowance doubtful accounts september 29 30 24 2007 2006 2005.\n beginning allowance balance $ 52  $ 46 $ 47\n costs expenses\n deductions\n ending balance $ 47 $ 52 $\n vendor non-trade receivables manufacturing vendors material.\n purchases.\n receivables totaled $ 2. 4 billion $ 1. 6 billion september 29 2007 30 2006.\n reflect sale net sales profits until products sold end cost.\n foreign exchange risk.\n currency forward option contracts risk future cash revenue cost.\ncompany accounting policies non-hedge.\n records derivatives balance fair value."
}
{
    "_id": "dd4bd4820",
    "title": "",
    "text": "operations estimated fair value acquired assets liabilities recorded in consolidated financial statements acquisition.\n fiscal 2016 presented effects cadence 2019s financial results.\n fair values determined inputs not market.\n see note 16 consolidated financial statements.\n trust children lip-bu tan president less than 2% 2 rocketick technologies.\n wife co-trustees disclaim interest.\n board directors reviewed transaction concluded.\n.\n recused from valuation.\n.\n financial advisor fairness opinion.\n acquired jasper design automation. provider analysis solutions mountain view.\n acquired technology complements cadence system design verification platforms.\n cash consideration closing $ 28. 7 million $ 139. 4 million.\n payments employees third quarter fiscal 2017.\n completed two business combinations 2014 cash $ 27.$ 2. million.\n acquisition $. million $. 7 million $ 3. 7 million 2016 2015 2014.\n professional fees administrative costs consolidated income statements.\n.\n changes carrying carrying amount.\n balance january 3 2015 $\n foreign currency -1995\n january 2 2016 551772\n 23579\n -2587\n december 31 2016 $ 572764\n goodwill impairment test fair value unit exceeded carrying assets no impairment."
}
{
    "_id": "dd4973c8e",
    "title": "",
    "text": "consolidated financial statements.\n less liquid non-financial.\n table presents type.\n millions december 2012\n property leasehold improvements 8697\n goodwill\n income tax-related\n equity-method\n miscellaneous receivables\n $ 39623 $ 23152\n.\n accumulated depreciation amortization $ 9. 05 billion $ 8. 46 billion december 2012 2011.\n.\n $ 149 million intangible assets sale.\n 13 goodwill.\n.\n 24 income taxes.\n.\n investments fair $ 5. 54 billion $ 4. 17 billion december 2012 2011 instruments. option\n.\n $. 77 billion assets reinsurance business sale december 2012.\n.\n $ 16. 92 billion available-for-sale securities assets fair value. liabilities $.62 billion liabilities accrued expenses. note 8 insurance-related assets liabilities sale.\n firm sale majority stake reinsurance business 2013 material gain loss.\n consolidate business.\n property leasehold improvements equipment included $ 6. 20 billion $ 6. 48 billion december 2012 2011.\n remainder held by investment entities consolidated.\n property equipment depreciated useful life.\n leasehold improvements amortized life lease.\n costs software capitalized amortized life.\n property leasehold improvements equipment tested for impairment.\n policy impairment testing assets.\n note 13.\n goldman sachs 2012 annual report"
}
{
    "_id": "dd4c27be2",
    "title": "",
    "text": "systems incorporated financial statements accounting uncertainty income taxes 2014 2013 changes unrecognized tax benefits summarized.\n 2013\n beginning balance $ 136098 $ 160468\n increases tax benefits 2013\n 18877 16777\n settlements taxing authorities -995 -55851\n statute limitations\n foreign exchange gains losses -3646 -1474 1474\n balance $ 148848 $ 136098\n november 28 2014 combined accrued interest penalties tax approximately $ 14. 6 million.\n income tax returns.\n federal.\n state jurisdictions.\n continual examination tax authorities.\n major tax jurisdictions ireland california.\n. earliest fiscal years examination 2008 2010.\n outcomes adjustments.\n no assurance final determination operating results financial position.\njuly 2013.\n income tax examination 2008 2009 completed.\n accrued tax interest $ 48. 4 million long-term taxes.\n settled tax obligation cash income tax assets $ 41. 2 million $ 7. 2 million tax benefit third quarter 2013.\n timing resolution tax uncertain tax payments audit settlement.\n fluctuations balance sheet.\n months audits conclude statutes limitations expire.\n decreases tax benefits $ 0 to $ 5 million.\n.\n 2014 fourth quarter vacate research development facility china sales marketing facility russia.\n 350 positions restructuring charges $ 18. 8 million.\n 2015 vacate facilities.\n value future contractual obligations insignificant.\n reductions workforce consolidation facilities.\n november 28 2014 restructuring plans complete.\ncash outlays obligations plans impact statements significant."
}
{
    "_id": "dd496df64",
    "title": "",
    "text": "allocated bases.\n expense repairs maintenance $ 2. billion 2011 $ 2. billion 2010 $ 1. 9 billion 2009.\n capital leases recorded lower net value minimum lease payments leased asset.\n amortization expense computed straight-line method shorter estimated lives.\n.\n accounts payable current liabilities.\n.\n.\n.\n accounts payable $ 819 $\n income taxes\n wages\n dividends\n casualty costs\n interest\n equipment rents\n accounts payable liabilities $ 3108 $ 2713\n.\n instruments derivative instruments interest rates fuel prices.\n not party leveraged derivatives speculative purposes.\n hedge accounting effectiveness.\n relationships instruments items risk- management objectives strategies transactions assessing hedge effectiveness.\nmarket value derivative instruments hedge charged to earnings.\n use swaps collars futures forward contracts mitigate risk adverse interest rates fuel prices limit benefits favorable interest rate fuel price movements.\n credit risk risk selecting value hedged item.\n manage credit risk high credit standards counterparties settlements.\n december 31 required collateral.\n determination fair value current values future cash flows.\n rate hedges exposure adjusting fixed floating rate debt instruments.\n manage mix rate debt targeted amounts.\n employ derivatives swaps mix.\n flexibility interest costs rate mix evaluating fixed-rate debt securities.\n swaps convert debt from to variable rates hedge risk.\n account swaps as fair value"
}
{
    "_id": "dd4bba4f2",
    "title": "",
    "text": "hologic  inc.\n consolidated financial statements future debt payments.\n 2008 $ 1977\n 2009 1977\n 2010\n 2011 1422\n 2012 3846\n 2014\n $ 11199\n.\n derivative instruments hedging agreements interest rate swaps acquisition acquired interest rate swap contracts convert floating interest-rate debt obligations fixed rates.\n agreements qualify hedge accounting financial accounting standards.\n marked change fair value.\n terminated interest rate swaps fourth quarter 2007 gain $ 75.\n assumed foreign currency contracts hedge foreign currency fluctuations assets liabilities.\n exposures offset gains losses forward contracts.\n short- term 6 to 12 months.\n trading speculative purposes.\n not cash flow fair value hedges.\n effective hedges.\nforward contracts marked market recorded balance sheet fair value assets liabilities.\n changes value exposures income statements.\n september 29 2007 forward contracts aeg acquisition matured no contracts outstanding.\n.\n 2 2006 acquisition assumed defined benefit pension plans subsidiary.\n september 29 2006 fasb issued.\n defined benefit pension plans amendment fasb statements.\n 87 88 106 132.\n asset defined benefit postretirement"
}
{
    "_id": "dd4bd6d1e",
    "title": "",
    "text": "consolidated financial statements derivatives credit-related contingent features firm 2019s derivatives transacted bilateral agreements counterparties post collateral terminate transactions changes credit ratings.\n assesses impact collateral termination payments downgrade agencies.\n ratings.\n table presents fair value net derivative liabilities agreements excluding collateral assets posted collateral additional collateral termination payments downgrade credit ratings.\n millions december 2014 2013\n net derivative liabilities bilateral agreements $ 35764 $ 22176\n collateral posted 30824 18178\n additional collateral termination payments one-notch downgrade\n two-notch downgrade\n enters transactions manage credit risk investing lending.\n derivatives managed firm 2019s net risk position.\n individually negotiated contracts settlement payment conventions.\nevents include failure to pay bankruptcy indebtedness restructuring repudiation dissolution entity.\n.\n protect buyer against loss principal on bonds loans mortgages issuer suffers credit event.\n buyer pays premium receives protection contract.\n no credit event seller no payments.\n credit event occurs payment calculated contract.\n credit indices.\n derivatives swaps.\n credit event occurs protection seller pays buyer.\n payment pro-rata portion transaction.\n credit risk separated into portions subordination.\n junior tranches cover defaults excess loss covered by senior tranche.\n total return swaps.\n transfers risks from protection buyer to protection seller.\n receives floating interest protection against reduction fair value receives cash flows increase fair value.\n goldman sachs 2014 annual report"
}
{
    "_id": "dd4bc899e",
    "title": "",
    "text": "corporation financial statements.\n employee retirement plans.\n defined-benefit pension plan asset allocation based fair value.\n equity securities 34% 34 % 55% 55 %\n debt securities 49% 49 % 28% 28 %\n 17% 17 %\n 100% 100 %\n-benefit pension plans adopted accounting guidance fair value.\n price sell asset transfer liability transaction. valuation methodologies value.\n no changes methodologies december 31 2018 2017.\n common stocks short-term investments valued closing price.\n net asset value fair value.\n assets.\n no unfunded commitments restrictions.\n private equity hedge funds valued estimated fair value market income approach.\n no active trading market illiquid.\n unobservable inputs measurements level 3.\n investments valued fair.\nbasis determined fund underlying assets.\n no unfunded commitments restrictions investments nav.\n corporate government debt securities valued closing price pricing models.\n includes yields.\n investments valued nav approximates fair value.\n.\n unfunded commitments $ 1 million no restrictions.\n common collective trust fund valued amortized cost basis approximates fair value.\n cash equivalents.\n no unfunded commitments restrictions.\n buy-in annuity valued benefit obligation approximates fair value.\n determined assumptions discount rate long-term return mortality rate.\n methods not indicative value future values.\n methodologies different reporting date.\n defined-benefit pension plan assets fair value december 31  2018 2017 valued nav fair value millions."
}
{
    "_id": "dd4c5d508",
    "title": "",
    "text": "operating/performance financial statistics report railroad performance measures weekly to association american railroads including carloads daily inventory train speed terminal dwell time.\n provide data website./investors/reports/index.\n operating/performance statistics table 2009 2008 2007 % change.\n average train speed miles per hour 27. 3 23. 21.\n terminal dwell time hours 24. 24. 25.\n rail car inventory thousands 283. 300. 309. 9\n ton-miles billions 846. 5 1020. 1052.\n revenue ton-miles billions 479. 562. 6 561. 8 15\n operating ratio 76. 77. 3 79.\n employees average 43531 48242 50089\n customer satisfaction index  88  83  79  5\ntrain speed calculated miles hours lines.\n lower volume network management initiatives productivity improvements contributed 16% 16 % 8% 8 % improvements 2009 2008.\n dwell time car terminals.\n improves asset utilization service.\n improved 2009 improved 1% 1 % 2007.\n lower volumes initiatives improved.\n gross revenue ton-miles calculated weight loaded freight miles.\n miles.\n decreased 17% 17 % 15% 15 % ) 2009 16% 16 % decrease carloads.\n commodity mix changes automotive shipments.\n decreased 3% 3 % flat 2008.\n ratio revenue.\n improved. 76. 2009. 77. 2008.\n pricing gains lower fuel prices network management initiatives improved productivity improvement 16% ( 16 % ) volume decline.\nincreases fuel cost network improved productivity 2008 fuel prices.\n productivity lower volumes reduced levels 10% 4%.\n fewer train engine personnel"
}
{
    "_id": "dd49808ee",
    "title": "",
    "text": "2017 form 10-k notes consolidated financial statements.\n operations accounting policies.\n information categories machinery  energy transportation 2013 construction industries resource industries energy transportation operating segments corporate items.\n financial products company products segment.\n caterpillar financial services corporation caterpillar insurance holdings.\n subsidiaries.\n products sold brands 201ccaterpillar 201ccat wilson turbines.\n operations machinery energy transportation competitive conditions price competition.\n emphasis high quality performance service support.\n companies compete.\n machines distributed worldwide dealers 48 united states 123 outside 192 countries.\n reciprocating engines sold dealer network other manufacturers.\n subsidiary perkins engines company 93 distributors 182 countries.\nfg wilson electric power systems manufactured subsidiary caterpillar northern ireland sold through 154 distributors 131 countries.\n large medium speed reciprocating engines sold under brand 20 distributors 130 countries.\n dealers deal products sales servicing principal business.\n products turbines locomotives sold directly to customers.\n assisted by independent sales representatives.\n financial products competitive conditions.\n financing caterpillar products commercial banks finance leasing companies.\n financing plans sales income.\n financial products activity north america offices latin america asia/pacific africa middle east.\n.\n consolidated financial statements include caterpillar.\n subsidiaries.\n investments companies ownership 20 percent accounted equity method.\n.\n variable interest entities caterpillar inc.\n primary beneficiary.\n.\n performance absorb losses benefits.\n note 21.\naffiliates suppliers dealers not primary beneficiary.\n provided financial support power direct activities economic performance.\n maximum exposure to loss.\n millions december 31 2017 2016\n receivables trade $ 34 $ 55\n finance 42 174\n 38 246\n investments unconsolidated companies\n guarantees 259 210\n $ 412 $ 716\n end-user customers not primary beneficiary.\n provided support direct activities economic performance.\n exposure loss limited credit risk.\n risks evaluated reflected in financial statements credit losses."
}
{
    "_id": "dd4bfdaea",
    "title": "",
    "text": "intel corporation financial statements value awards 2015 $ 1. 5 billion. 2014 $ 1. billion 2013 market value common stock.\n grant-date fair value $ 1. 1 billion $ 949 million 2014 $ 899 million 2013.\n shares common stock withheld tax withholding.\n expected vest net future forfeitures.\n december 26 2015 $ 1. 8 billion unrecognized compensation costs equity incentive plans.\n. 2 years.\n option awards options vested expected vest number options millions weighted.\n 43. $ 21.\n.\n. $ 713\n intrinsic value difference exercise price $ 34. closing price common stock december 24 2015 nasdaq market options.\n expected vest net estimated future option forfeitures.\n$ 42 million 2015 68 million 2014 186 million 2013.\n $ 13 million unrecognized compensation costs.\n costs eight months."
}
{
    "_id": "dd4bdc886",
    "title": "",
    "text": "mission achieve sustainable revenue earnings growth superior solutions.\n pillars expand client relationships market single-product multi-solution partnerships.\n market dynamics clients rely multidimensional service offerings.\n leveraged solutions expertise value cost savings efficient processes improved service quality speed.\n solutions cross-sell invest growth product development acquisitions.\n partner comprehensive offerings.\n solution innovation integration expand value proposition.\n support market transformation market dynamics demand leveraged solutions consulting expertise services intellectual property.\n planning design process.\n margin expansion optimize performance investments infrastructure enhancements revenue growth margin expansion.\n build global diversification deploy resources emerging markets.\n revenues segment revenues segments millions.\n 2011 2010\n 2246. 2076. 1890.\n 2380. 2372. 2354.\n 1180. 1177.917.\n corporate 0. 1. 9. 4.\n consolidated revenues $ 5807. $ 5625. $ 5145.\n financial solutions comprehensive software services core processing customer channel treasury services cash management wealth management capital market operations financial north america.\n service banks credit unions automotive financial companies commercial lenders community savings institutions.\n in-house outsourced solutions banking.\n multi-year contracts stable recurring revenue cross-selling offerings.\n employ business models.\n software applications outsourcing.\n software licensing.\n clients retain operations proprietary software.\n solutions"
}
{
    "_id": "dd4c29884",
    "title": "",
    "text": "company under audit jurisdictions.\n changes unrecognized tax benefits 12 months tax rate.\n appeals 1999 20132002.\n interchange fees credit card purchases.\n agreement or.\n.\n gross uncertain tax position december 31 2008 $ 542 million.\n temporary difference effect tax rate net interest state tax rate differentials.\n reserve released tax benefit $ 168 million.\n expects conclude audit.\n federal consolidated income tax returns 2003 20132005 12 months.\n gross uncertain tax position december 31 2008 $ 350 million plus interest $ 70 million.\n potential net tax benefit $ 325 million.\n major tax jurisdictions earliest tax year.\n japan brazil\n foreign pretax earnings $ 10. 3 billion 2008 $ 9. 1 billion 2007 $ 13. 6 billion 2006.. 7 billion. 9 billion discontinued operations.\n.\n citigroup.\n subsidiaries subject.\n taxation foreign pretax earnings.\n.\n taxation repatriated.\n taxes undistributed earnings non.\n subsidiaries indefinitely invested outside states.\n $. billion earnings.\n invested.\n.\n federal income tax rate additional taxes.\n credits $ 6. 1 billion earnings remitted.\n effect income tax foreign income tax rate differential.\n taxes not debt reserves before 1988.\n payable distributed federal law.\n 31 2008 reserves $ 358 million subject tax $ 125 million.\n no valuation allowance deferred tax assets 31 2008 2007.\n.\n foreign tax-credit carryforward $. 5 billion. 4 billion 2016. 3 billion 2017. 8 billion 2018.\n.federal loss $ 13 billion 2028.\n business credit carryforward $. 6 billion 2027-2028.\n state local loss carryforwards $ 16. 2 billion $ 4. 9 billion new york city.\n $ 2. 4 billion $ 1. 2 billion 2027. billion $ 3. 7 billion 2028 deferred-tax $ 1. 2 billion losses states deferred $ 399 million 2012 2028.\n deferred-tax assets subsidiaries loss $ 130 million 2018 $ 101 million.\n deferred tax asset $ 44. 5 billion.\n net deferred tax asset $ 44. billion. billion\n federal $ 4 billion state foreign dtas.\n. deferred tax liabilities 4 billion.\n.\n $ 10. billion foreign tax-credit carryforwards.net-operating-loss $ 0. 6 billion general-business-credit $ 19. 9 billion net deductions $ 0. 9 billion compensation deductions reduced capital 2009 adjustment 2008 compensation deductible.\n citigroup $ 85 billion taxable income."
}
{
    "_id": "dd4970aa2",
    "title": "",
    "text": "19 94 responded request information section 104.\n estimated cleanup costs $ 4 million $ 5 million.\n matter liquidity operations financial condition.\n 2003 german government passed legislation mandatory deposit 25 eurocents one-way packages beverages except milk wine fruit juices alcoholic beverages.\n packaging contested mandatory deposit non-returnable containers federal state.\n proceedings terminated minimal court fees ancillary legal fees.\n germany-wide return system one-way beverage containers operational since may 1 2006.\n.\n no matters fourth quarter 2007.\n.\n common stock traded new york stock chicago stock exchange.\n 5424 shareholders february 3 2008.\n stock repurchases table summarizes repurchases common stock quarter december 31 2007.\n shares average price paid per share plans.\ntotal shares purchased average per share plans maximum\n october 1 to 28 2007 705292 $ 53.\n october 29 to november 25 2007 431170 $ 48.\n november 26 to december 31 2007 $ 44.\n 1144772 $ 51. 42\n open market purchases settle employee tax liabilities.\n ongoing repurchase program board.\n 12 million shares common stock.\n replaces previous authorizations.\n include 675000 shares repurchase agreement 2007 january 7 2008 $ 31 million.\n shares acquired 2008 accelerated share repurchase program."
}
{
    "_id": "dd4bb44b2",
    "title": "",
    "text": "company monitors financial health lenders revolving credit long term debt facilities instability lenders.\n july 2011 acquisition assumed $ 38. 6 million nonrecourse loan mortgage acquired property.\n business combination carrying value loan approximates fair value.\n loan term ten years maturity march 1 2013.\n includes balloon payment $ 37. 3 million due at maturity not prepaid.\n nonrecourse remedies non-performance action against property reserves cash collateral fraud breaches.\n requires minimum cash flows financial results additional reserves required.\n requires approval for.\n interest rate 6. 73%.\n company incurred $ 0. 8 million deferred financing costs.\n december 31 2011 outstanding balance $ 38. 2 million.\n required set aside reserve cash collateral accounts.\ndecember 31  2011 $ 2. million cash prepaid expenses current assets remaining $ 3. million long term assets.\n interest expense $ 3. 9 million $ 2. 3 million $ 2. 4 million 2011 2010 2009.\n deferred financing credit long term debt assumed loan.\n.\n contingencies leases warehouse office facilities retail stores equipment non-cancelable leases.\n leases expire 2023 excluding extensions rental adjustments.\n lease agreements factory house stores contingent rent.\n future minimum lease payments non real property leases.\n $ rent $ 26. 7 million $ 21. 3 million $ 14. 1 million years 2011 2010 2009"
}
{
    "_id": "dd4c44e90",
    "title": "",
    "text": "contracts december 31 2006 mature 2007.\n contract amounts currencies.\n.\n pay\n. dollars -114000\n euros -4472\n singapore dollars 37180\n canadian dollars 81234\n malaysian ringgits\n movement 10%.\n dollar against foreign currencies net earnings $ 0. 1 million.\n item 8.\n financial statements supplementary data page f-1.\n 9.\n changes disagreements accountants accounting financial disclosure.\n controls procedures evaluation disclosure controls management chief financial officer evaluated effectiveness disclosure controls procedures.\n concluded controls procedures functioning assurance information securities exchange act 1934 recorded processed summarized reported periods rules accumulated communicated management.\n controls system absolute assurance objectives assurance control issues instances fraud detected.\nmanagement 2019s report financial reporting page f-2 annual report form 10-k incorporated reference.\n change internal control financial reporting no change recent fiscal quarter reporting.\n item 9b.\n"
}
{
    "_id": "dd4be8cbc",
    "title": "",
    "text": "oil corporation financial statements lease rental expense 2008 2006 rental $ 245 209 172.\n rental $ 245 $ 209 172\n sublease rentals\n net rental expense $ 267 $ 242 $ 193\n excludes $ 5 million $ 8 million $ 9 million united states steel 2008 2007 2006 leases.\n.\n contingencies commitments legal actions.\n.\n statements.\n management viable enterprise.\n federal state local foreign laws regulations.\n control pollutants remediation hazardous waste disposal.\n penalties noncompliance.\n december 31 2008 2007 liabilities remediation $ 111 million $ 108 million.\n estimate remediation costs penalties.\n recoverable costs states clean-up underground storage tanks $ 60 $ 66 million december 31 2008 2007.\ndefendant refining companies 20 cases three states methyl tertiary-butyl ether contamination.\n received seven toxic substances control act notice letters two states.\n followed litigation.\n mtbe cases consolidated multidistrict litigation southern new york.\n nineteen cases damages water supply wells.\n new jersey natural resources damages contamination groundwater mtbe.\n only mtbe contamination case defendant.\n defending cases.\n settlement discussions majority.\n expect impact financial position cash flows.\n lawsuit virginia refinery distributed contaminated gasoline wholesalers retailers damage storage tanks dispensers equipment lost profits business disruption damages.\n remediation operations deny permanent damages.\n class action certification 2007.\n tentative settlement agreement.\n notice class members.\n approval required.\nfairness hearing first quarter 2009.\n proposed settlement impact results financial position cash flows.\n provided guarantees indebtedness other companies.\n perform guaranteed party obligations.\n performance guarantees agreements."
}
{
    "_id": "dd4c5750e",
    "title": "",
    "text": "green realty corp.\n 2011 annual reportnotes granted employees executives vesting annually service period financial performance criteria.\n vesting rates 15% to 35% 35 % criteria reached.\n summary restricted stock 2011 2009 charges.\n balance year 2728290 2330532 1824190\n granted 185333 400925 506342\n cancelled -1167\n end year 2912456 2728290 2330532\n vested 153644 420050\n compensation expense $ 17365401 15327206 23301744\n restricted stock 21768084 28269983 4979218\n 2011 2010 2009 $ 4. 3 $ 16. 6 $ 28.\n $ 14. 7 unrecognized compensation cost unvested restricted stock two years.\n approximately $ 3.4 $ 2. $ 1. 7 capitalized assets compensation term compensation plans restricted stock options.\n granted ltip units fair value $ 8. 5 2011 performance stock bonus.\n calculated asc 718.\n third party consultant common stock price.\n uncertainty parity illiquidity transfer restrictions.\n 2003 outperformance adopted seven- year compen sation program senior management.\n restricted stock awards return 40% 48-month period.\n compensation committee performance hurdles met maximum performance pool $ 22825000 established.\n 166312 shares restricted stock forfeitures allocated 2005 plan.\n 40% each award vested march 2007 remainder three years.\n fair value awards grant $ 3. 2.\n expensed over term restricted stock award.\npercent value award amortized four years balance five six seven years. 20% 20 % value amortized five years six years. 67%. per 20% seven years. 29%. % per year.\n compensation expense $ 23000 $ 0. 1 a0million december 2010 2009.\n cost 2003 outperformance plan expensed march 2010.\n 2005 outperformance compensation program approved incentive compensation program.\n participants earn ltip units return stockholders three- year period 2005 exceeded return 30% earn units earlier maximum performance 30 consecutive days.\n total number units earned value equal 10% outperformance amount 30% benchmark maximum dilution cap 3% outstanding shares units december 2005 $ 50.\njune 2006 compensation committee determined outperformance plan performance period accelerated maximum performance pool $ 49250000 earned.\n participants earned additional ltip units equal distributions.\n total units earned june 2006 490475.\n units subject time- based vesting one- third units earned vested november 2008 two anniversaries.\n earned units received quarterly distributions equal dividends per share common stock.\n cost 2005 plan $ 8.  amortized into earnings final vesting.\n recorded $ 1. 6 $ 2. 3 compensation expense december 2010 2009.\n cost fully expensed june 2010.\n 2006 compensation program august 2006 committee approved compensation program.\n performance criteria not met no ltip units earned.\n2006 plan $ 16. 4 amortized earnings july.\n recorded $ 70000 $. 2 $. 4 compensation expense 2011 2010 2009."
}
{
    "_id": "dd4c5d6ca",
    "title": "",
    "text": "issuance costs long-term debt balance consolidated balance sheets.\n incurred $ 15 million 2018 $ 53 million 2016.\n insignificant.\n unamortized $ 115 million 2018 114 million 30 2017 $ 124 million 31 2016.\n amortization $ 16 million 2018 16 2017 $ 14 million 2016.\n addition carrying debt.\n $ 430 million 29 2018 $ 505 million 30 2017.\n $ 65 million 2018 $ 81 million 2017 $ 88 million 2016.\n repayments repaid $ 2. 7 billion senior notes.\n new notes.\n repaid $ 2. billion.\n cash commercial paper.\n value 29 2018 $ 30. billion $ 31.\n 2017 $ 33.\n short-term debt commercial paper.\n determined value long-term debt level 2 inputs.\nvalues estimated market prices instruments.\n.\n capital stock certificate incorporation authorizes issuance 920000 shares preferred stock.\n june 7 2016 redeemed 80000 shares preferred stock for $ 8. 3 billion.\n funded redemption through long-term debt may 2016 other sources liquidity.\n commercial paper program.\n securitization program cash hand.\n preferred stock canceled retired.\n authorizes issuance 5. billion shares common stock.\n issued outstanding issued treasury outstanding.\n balance january 3 2016 1214\n stock options -2 2\n december 31 2016\n december 30 2017 1221\n balance december 29 2018 1224 -4"
}
{
    "_id": "dd4bee25c",
    "title": "",
    "text": "table shows annual aircraft fuel consumption costs including taxes mainline regional operations 2018 2017 2016 gallons millions.\n average price per gallon expense percent total operating expenses.\n 2018 4447 $. 23 $ 9896. 6%. 6 %\n 2017 4352. 7510 19. 6%. 6 %\n 2016 4347. 6180 17. 6%. 6 %\n december 31 2018 fuel hedging contracts.\n exposed fluctuations fuel prices.\n policy not enter hedge.\n prices fluctuated.\n predict future availability price volatility cost fuel.\n natural disasters.\n political disruptions wars economic sanctions governmental policy strength.\ndollar foreign currencies cost petroleum products pipelines terminals speculation energy futures aircraft fuel production capacity environmental concerns unpredictable events fuel shortages distribution challenges fuel price volatility cost increases.\n.\n risk business price aircraft fuel.\n high volatility increased prices disruptions results liquidity. demand revenues airline second third quarters greater first fourth.\n economic conditions fears terrorism fare initiatives fluctuations fuel prices labor actions weather natural disasters outbreaks disease impact.\n quarterly results not indicative historical results not indicative future results.\n airlines subject regulatory requirements.\n federal aviation administration regulatory.\n oversees codeshare agreements route authorities competition protection.\n antitrust division airline antitrust."
}
{
    "_id": "dd4bf7f64",
    "title": "",
    "text": "obligations december 29 2018.\n millions payments due less years\n operating lease obligations $ 835 $ 229  $ 314  $ 171  $ 121\n capital purchase 9029 7888 795  345\n 3249  1272 1781 178 18\n tax 4732  143  426  1234 2929\n long-term debt 40187 1518 7583 6173 24913\n 1626  722  708\n $ 59658 $ 11772 $ 11607 $ 8196 $ 28083\n 7888 debt-term obligations construction purchase property plant equipment.\n not recorded liabilities balance sheets december 29 2018 goods title.\n obligations licenses agreements non-contingent funding obligations.\ntax obligations future cash payments tax reform 2017-time transition tax foreign earnings.\n income taxes financial statements.\n amounts principal payments debt obligations interest payments fixed-rate debt.\n interest payments floating-rate debt obligations impact swaps excluded.\n debt obligations classified maturity date.\n future settlement convertible debt cash payments.\n amounts future cash payments long-term liabilities short-term.\n derivative instruments excluded represent amounts.\n 6 excludes contractual obligations short-term long-term.\n expected timing payments estimated current information.\n receipt changes.\n purchases agreements enforceable legally binding terms quantities price provisions approximate timing transaction.\n obligations cancellation provisions amounts limited non-cancelable minimum cancellation fee.\npurchase raw materials entered agreements minimum prices quantities based market future purchasing requirements.\n uncertainty future market purchasing requirements non-binding obligations excluded table.\n purchase orders based manufacturing needs fulfilled short.\n purchase orders represent authorizations purchase binding agreements.\n contractual obligations achievement milestones excluded.\n milestone-based contracts purchase capital equipment.\n not obligations until milestone met.\n additional payments approximately $ 688 million.\n majority restricted stock units shares common stock net minimum withholding requirements taxing.\n obligation pay excluded contingent employment.\n amount obligation unknown based on market price common stock.\n"
}
{
    "_id": "dd496c81c",
    "title": "",
    "text": "stock awards options marathon grants options 2007 2003 plan.\n right purchase shares common stock fair market value.\n granted 2003 tandem stock appreciation right receive cash common stock excess fair market value price.\n stock options 2007 2003 vest three-year maximum term ten years.\n stock appreciation rights.\n no 2007 plan.\n right receive payment equal excess fair market value stock.\n 2003 granted stock-settled options.\n 2003 vest three-year maximum term ten years.\n stock performance awards 2003.\n no 2007 plan.\n 2005 discontinued granting grants cash-settled performance units.\n stock performance awards 2003 plan vested forfeited.\n no outstanding awards.\n restricted stock marathon grants units 2007 plan 2003.\n 2005 compensation committee began granting time-based restricted stock.officers marathon.\n restricted stock awards three years from grant contingent employment.\n grants stock non-officer international employees performance.\n awards vest one-third increments three-year employment.\n recipients vote receive dividends.\n non-vested shares not transferable held by marathon agent.\n equity compensation program non-employee directors.\n receive stock hold until board.\n dividends receive common stock units.\n $ 80 million $ 83 million $ 111 million 2007 2006 2005.\n income tax benefits $ 29 million $ 31 million $ 39 million.\n cash received option $ 27 million $ 50 million.\n tax benefits deductions $ 30 million $ 36 million.\n cash settlements $ 1 million $ 3 million 2007 2006.\n granted officer non-officer employees.\nweighted average grant value assumptions.\n 2007 2006\n average price share $ 60. 94 37. 84 25.\n dividends share $. 96. 80\n life 5.\n volatility 27% 27\n risk-free interest rate 4.\n average grant date value stock option awards $ 17. 24 10. 19 6."
}
{
    "_id": "dd4bd6166",
    "title": "",
    "text": "emerson annual report september 30 1874750 shares awarded 2016 outstanding contingent performance objectives 2018.\n 97 percent 2018 1818508 shares distributed early 2019.\n rights 2261700 2375313 shares awarded 2018 2017 performance shares program contingent performance objectives 2020 2019.\n incentive shares plans restricted stock awards management three ten years.\n fair value high low market prices stock compensation expense.\n 2018 310000 shares vested.\n 167837 shares issued 142163 shares withheld.\n september 30 1276200 shares unvested stock outstanding.\n total fair value $ 20  $ 245 $ 11  2018 2017 2016 $ 9 $ 101 $ 4 paid cash tax withholding.\n september 30. 3 million shares.\n changes shares outstanding.\n4999 $ 50. 33\n granted 2295 $ 63.\n earned/vested -310 $ 51. 27\n canceled -86 $ 56.\n 6898 $ 54.\n compensation expense stock options incentive shares $ 216 $ 115 $ 159 2018 2016 $ 5 $ 14 discontinued operations.\n increase 2018 stock price performance objectives.\n decrease 2017 stock price.\n income tax benefits $ 42 $ 33 $ 45.\n unrecognized compensation expense unvested shares $ 182  1. years.\n awarded 12228 shares 2038 units non-management directors.\n 159965 shares.\n. shares compensation plans.\n. million purchased. 6 million treasury reissued.\n 2017. purchased. reissued.\n. million shares. preferred stock none issued."
}
{
    "_id": "dd4bd03a6",
    "title": "",
    "text": "31 2015 carrying amount amortization.\n carrying amount\n computer software $ 793 $ -643\n patents licenses -98\n intangibles -64\n amortizable assets 1864 -805\n indefinite-lived trade names trademarks 45\n intangible assets $ 1909 $ -805\n computer software enterprise business solution.\n amortization expense intangible assets 2016 2015 2014 $ 65  $ 67  $ 55  $ 56 to $ 64 annually 2017 to 2021.\n.\n acquisitions divestitures.\n.\n medical business lisi medical $ 102 cash $ 99 transaction costs proceeds.\n international metals.\n manufactures precision-machined metal products invasive surgical.\ntransaction occurred rti acquisition no gain recorded excess proceeds purchase price adjustment $ 44 arconic acquisition.\n operating results assets liabilities engineered products solutions segment.\n generated sales $ 20 january 2016 330 employees.\n no subject post-closing adjustments.\n.\n arconic aerospace company tital for $ 204 ) cash additional $ 1 paid.\n tital 650 employees produces aluminum titanium products aerospace defense.\n acquisition capture demand jet engine components-casting capabilities expand aluminum casting capacity.\n assets goodwill liabilities included engineered products solutions segment.\n preliminary goodwill $ 118 recorded.\n quarter 2016 allocation finalized third-party valuation $ 1 reduction goodwill.\n $ 117 goodwill deductible no other intangible assets.\n no subject post-closing adjustments.\njuly 2015 arconic rti.\n traded new york stock exchange. purchased shares $ 870 $. 96 share july 23 closing price"
}
{
    "_id": "dd4bf3ee6",
    "title": "",
    "text": "chipset design issue january 2011 identified issue intel ae 6 series express chipset.\n chipsets sold fourth quarter 2010 january 2011.\n implemented silicon fix shipping updated february 2011.\n total cost repair materials $ 422 million.\n significant future adjustments.\n short-term debt december 28 2013 drafts $ 257 million notes $ 24 million $ million $ 48 million 29 2012.\n authorization board directors borrow $ 3. billion commercial paper.\n maximum borrowings paper 2013 $ 300 million $ 500 million 2012.\n commercial paper rated a-1+ standard 2019s p-1 moody 2019s.\n long-term.\n 2017. 35%. 35 %\n 2. 70%. 70 %\n 4.\n 4. 25%. 25 %\n. 95%. 95 %\n 3. 30%. %\n2011 senior notes due 2041 4. 80%. % 1490\n 2009 debentures 2039. 25%. 1075\n 2005 debentures 2035 2. 95%. 95 % 946\n long-term debt $ 13165 13136\n fourth quarter 2012 issued $ 6. 2 billion corporate repurchase common stock.\n third quarter 2011 issued $ 5. billion repurchase common stock.\n fixed interest semiannually.\n redeem redemption prices.\n rank equally indebtedness liabilities subsidiaries.\n financial statements"
}
{
    "_id": "dd4b8ef96",
    "title": "",
    "text": "income statement income 2009 $ 2. billion 2008 $ 914 million.\n results national city fourth quarter $ 687 million after-tax gain blackrock acquisition.\n increases due results city.\n item 8.\n income margin.\n income $ 9083 $ 3854\n margin 3. 82%. 82 %. 37%. 37 %\n interest-earning assets yields liabilities rates noninterest-bearing sources funding.\n 2013.\n net interest income 2009 interest-earning assets national city net interest margin.\n 3. 82%. 82 % 2009. 37%. 37 2008.\n decrease rate accrued interest-bearing liabilities 97.\n deposits decreased 107 points.\n offset 45 point decrease yield interest-earning assets.\n loans decreased 30 points.\n noninterest-bearing sources funding decreased 7 points.\nfederal funds rate. 16%. 2009. 94%. 2008.\n net interest income 2010 lower cash recoveries impaired loans higher yielding assets rising interest rates.\n.\n noninterest income $ 7. 1 billion 2009 $ 2. 4 billion 2008.\n gain blackrock/bgi transaction $ 1. 076 billion impairments debt securities $ million gains $ 550 million mortgage $ 355 million commercial mortgage loans $ 107 million gains $ 103 million blackrock losses private equity $ 93 million.\nincome 2008 debt $ 312 million gains $ 246 million blackrock ltip shares losses mortgage loans $ 197 million losses private equity $ 180 million income hilliard lyons $ 164 million $ 114 million gains $ 106 million gain $ 95 million redemption visa shares.\n asset management revenue increased 172 million $ 858 million 2009 686 million 2008.\n equity markets business higher equity investments.\n assets $ 103 billion.\n.\n consumer services fees $ 1. 290 billion.\n charges deposits $ 950 million 372.\n national city acquisition.\n consumer spending"
}
{
    "_id": "dd4c4f2fa",
    "title": "",
    "text": ".\n asset returns lower $ 471 million discount rates declined unfavorable mark-to-market adjustment fourth quarter.\n pension market adjustment inventoriable cost.\n first quarter 2012.\n-to-market adjustments reflect value.\n gains/losses recognized.\n costs project k four-year efficiency program.\n businesses growth value-added innovation.\n optimized supply chain infrastructure global business services focus.\n gross margin operating margin non-gaap pension plans commodity contracts adjustments project k costs.\n transparency.\n gross margin declined 110 2013 inflation productivity savings lower operating leverage sales margin pringles.\n sg&a% improved 110 overhead leverage pringles acquisition reduced investment consumer promotions.\n gross margin declined 180 points 2012 cost inflation savings lower margin structure pringles.\nsga% consistent 2011.\n gross profit sga operating profit gaap.\n 2012\n gross profit $ 6103 $ 5434 5152\n mark-to-market -259 -377\n -174\n gross profit $ 5767 $ 5693 $ 5529\n $ 3266 $ 3872 3725\n mark-to-market 437 -305\n sga $ 3669 $ 3679 $\n operating profit $ 2837 $ 1562 $ 1427\n mark-to-market 947 -452 -682\n operating profit $ 2098 $ 2109\n profit equal net sales less cost goods sold.\n mark-to-market adjustments pension plans commodity contracts.\n gains/losses plans.\n asset returns $ 545 million discount rates 65 points favorable mark-to-market adjustment fourth quarter 2013.\nmark-to-market adjustment capitalized inventoriable cost end 2013.\n 2012 asset returns exceeded $ 211 million discount rates fell 100 points unfavorable adjustment fourth quarter.\n adjustment inventoriable cost.\n recorded first quarter 2013.\n 2011 returns lower $ 471 million discount rates declined unfavorable adjustment fourth quarter.\n adjustment inventoriable cost.\n.\n adjustments reflect fair value.\n gains/losses recognized quarter.\n costs project k four-year efficiency program.\n businesses growth value-added innovation.\n optimized supply chain infrastructure global business services focus.\n underlying gross profit operating profit non-gaap measures impact pension plans commodity contracts adjustments project k costs.\n transparency performance.\nrestructuring cost reduction-term profit growth targets.\n initiatives recover costs five-year.\n project cash savings reduced depreciation.\n commenced cogs sga cost reduction initiatives.\n cogs optimize manufacturing network reduce waste develop best practices.\n sga efficiency support functions.\n 2013 recorded $ 42 million charges cost reduction initiatives.\n"
}
{
    "_id": "dd4bcb1a8",
    "title": "",
    "text": "investment policy note 15 employee benefit plans consolidated financial statements item 8.\n calculate expense pension plan reflecting trust assets fair market value.\n review actuarial assumptions pension plan discount rate compensation increase expected return plan assets.\n discount rate compensation increase affect pension expense.\n expected long-term return assets expense.\n 8. 25%. past three years.\n return long-term assumption historical returns asset classes allocation strategy.\n performance assumption represents long-term prospective return.\n review adjust if warranted.\n term refers period projected benefit obligation disbursed.\n year-to-year returns vary. 61% 57%. assumption represents estimate long-term average prospective returns.\n selection process references historical data environment qualitative judgment future return expectations.\n change assumption investment strategy.\nevaluate assumption examine viewpoints data.\n studies portfolios equity securities returned 10% long periods debt securities 6% ( 6 % annually.\n application returns plan 2019s allocation equities bonds produces 8% ( 8 %. 5%. point reference.\n examine plan 2019s returns.\n returns not indicators future returns low returns followed higher returns.\n annually examine assumption companies pension investment strategies determinations.\n data informs process qualitative judgment future investment returns.\n expected long-term return assets pension 2009 8. 25%. unchanged from 2008.\n intend decrease plan 2019s target allocation range equities five percentage points.\n expected long-term return to 8.% (. 2010.\n difference accumulated amortized to pension expense future.\npercentage point difference return causes expense $ 8 million.\n table reflects effects pension expense changes annual assumptions 2010 expense baseline.\n change expense.\n. 5%. decrease discount rate\n. decrease long return assets\n. increase compensation rate\n assumption.\n pretax pension expense $ 41 million 2010 $ 117 million 2009.\n reduction due amortization impact 2009 investment returns.\n pension plan contribution requirements not sensitive actuarial assumptions.\n investment performance contributions.\n current law pension protection act 2006 limits minimum maximum contributions.\n minimum contributions zero 2010.\n benefit plans less significant effect results"
}
{
    "_id": "dd4c0aa92",
    "title": "",
    "text": "company amortize $ 1. 7 million actuarial loss benefit costs 2011.\n benefit payments future.\n 2011.\n 2012.\n 2013.\n 2014.\n 2015.\n 2016-2020.\n.\n maintains defined contribution savings plan 401.\n employees contribute.\n matches contributions 3% base salary additional contributions 2% base salary.\n london-based employees eligible participate plan.\n contributions 10% earnings vesting requirements.\n salary bonuses.\n expense defined contribution savings plans $ 6. 3 million $ 5. 2 million $. 8 million 2010 2009 2008.\n.\n investment choices.\n invests contributions assets.\n balances subject creditors totaled $ 28. 8 million $ 23. 4 million december 31 2010 2009.\n equal offsetting liability.\ninvestment results income equal compensation.\n supplemental savings plan employees impacted statutory limits.\n employees prior 2007 vested in plan.\n after 2007 subject vesting requirements.\n total expense plan $ 0. 9 million $. 7 million $ 1. 3 million 2010 2009 2008.\n deferred compensation plan maintained cme officers board directors contribute compensation defer income taxes until distribution.\n nymexmembers 2019 retirement plan benefits.\n retirement plan.\n.\n benefits long-term membership limited prior acquisition.\n no new participants after.\n fund plan minimum annual contribution $. 4 million until fully funded.\n benefits based on actuarial assumptions.\n total contributions $. 8 million 2010 2009 2008.\n total obligation $ 20. 7 million $. 5 million"
}
{
    "_id": "dd4c3a59e",
    "title": "",
    "text": "jpmorgan chase co. annual report trading assets liabilities debt equity instruments loans physical commodities inventories lower cost fair value.\n liabilities debt equity instruments sold positions.\n obligated purchase future short positions.\n receivables unrealized gains payables losses derivatives.\n fair value consolidated balance sheets.\n reduction securities owned securities sold not purchased short identical.\n 2013average balances.\n december 31 millions 2010 2009 2008\n 2013 debt equity instruments 354441 318063\n derivative receivables 84676 110457 121417\n liabilities 2013 debt equity instruments 78159 60224 78841\n derivative payables 65714 77901 93200\n reduction securities owned securities sold not purchased short positions.\nrepresent securities sold not purchased.\n 2013 fair value option alternative measurement financial assets liabilities unrecognized firm commitments loan com mitments not fair value.\n mitigate income volatility instruments eliminate complexities accounting models. reflect instruments managed.\n include loans purchased securitization activity bifurcation accounting aged fair value.\n securities financing arrangements embedded deriva tive maturity greater one year.\n owned beneficial interests securitized assets embedded credit derivatives.\n tax credits equity investments washington mutual transaction.\n structured notes client-driven activities.\n. long-term beneficial interests consolidated securitization trusts assets carried fair value."
}
{
    "_id": "dd4bcebb4",
    "title": "",
    "text": "transfer agent registrar common stock computershare shareowner services llc 480 washington boulevard 29th floor jersey city new jersey 877 363-6398 sales unregistered securities.\n repurchase equity securities purchases equity october 1 2013 to december 31 2013.\n shares purchased average price paid plans value.\n average price dollar value\n october 1 - 31 3351759 $ 16. 263702132\n november 1 - 30. 175284073\n december 1 - 31 $. $ 118560581\n 11877706 $ 16.\n common stock $ 0. 10 per share withheld employee stock compensation plans tax withholding obligations.\n repurchased 1067 withheld shares october 2013.\nwithheld shares purchased november december 2013.\n average price per share three-month period calculated dividing tax withholding obligations paid shares acquired stock repurchase program 6 withheld acquired program.\n february 2013 board authorized new share repurchase program $ 300. million common stock.\n march 2013 board authorized increase 2013 share repurchase program $ 500. million.\n february 14 2014 new share repurchase program $ 300. million.\n authorization addition 2013.\n no expiration date."
}
{
    "_id": "dd4bfbce0",
    "title": "",
    "text": "item 1.\n founded 1886 american water works company.\n holding company delaware.\n largest diverse investor owned publicly-traded united states water wastewater utility company.\n employ 6700 professionals drinking water wastewater services 15 million people 47 states columbia ontario canada.\n regulated businesses.\n market businesses water services four segments reportable.\n non reportable-based businesses management results.\n information item 7 financial condition results note 19 financial statements.\n primary business ownership subsidiaries water wastewater utility services residential commercial industrial customers public authority.\n subsidiaries operate 1600 communities 16 states state commissions.\n federal state governments regulate environmental health safety water quality.\n report results regulated businesses segment.\nregulated businesses revenues $ 2743 million 2015 2674 million 2014 2594 million 2013 86. 8%. 88. 8%. 90. 1%. 1 %.\n table summarizes 2019 revenues customers estimated population state december 31 2015 revenues customers estimated population.\n new jersey $ 704 25. 7%. 7 % 660580 20. 3%. 3 %. 22. 3%. 3 %\n pennsylvania 22. 4%. 4 %. 7%. 7 %. 0%. 0 %\n illinois. 8%. 8 %. 6%. 6 %. 7%. 7 %\n. 8%. 8 %. 5%. 5 %. 4%. 4 %\n. 5%. 5 %. 1%. 1 %. 7%. 7 %\n. 2%.174942. 4%. 4 %. %\n virginia. 7%. 7 %. 2%. 2 %. %\n seven states 87. 1%. 1 % 2759263. 8%. 8 %. 1% 1 %\n. 9%. 9 %. 2%. 2 %. 9 %\n 100. 0%. 0 % 3252691. %. 0 %\n illinois-american water company.\n west virginia-american water bluefield valley.\n georgia hawaii iowa kentucky maryland michigan new tennessee virginia."
}
{
    "_id": "dd4b8761a",
    "title": "",
    "text": "table identifies company 2019s obligations by payment period.\n less than 1 1-3 3-5 5\n property casualty obligations $ 21885 $ 5777 $ 6150 $ 3016 6942\n life annuity disability obligations 281998 18037 37318 40255 186388\n long-term debt 9093 536 1288 1613\n operating lease obligations 723\n purchase obligations 1764  1614 120\n long-term liabilities balance 1642 1590\n $ 317105 $ 27729  $ 45161 $ 45112 $ 199103\n cash flows for property casualty contracts reserves unpaid adjustment expenses.\n payments reserves ultimate amount estimate.\n settlement.\n settlements vary estimates.\n historical payment patterns.\nfuture payments due changes claim reporting payment patterns unanticipated settlements.\n uncertainty payment patterns asbestos environmental claims.\n estimated payments 2005 include claims policies 31 2004.\n future cash flows premiums loss payments.\n reserves claim adjustment expenses.\n settlements disabled claimants settlement contracts loss runoffs.\n december 31 2004 property casualty reserves $ 21885 reserve discount $ 556.\n life annuity disability obligations include death disability claims policy surrenders dividends commissions offset future deposits premiums contracts.\n obligations based on mortality morbidity lapse assumptions.\n market growth interest crediting.\n obligations recorded current account value future market growth interest crediting deposits.\nestimated policyholder obligations exceed liabilities future benefits unpaid claims adjustment expenses funds benefits liabilities.\n differ.\n separate obligations insulated from funded by assets.\n investments future deposits premiums.\n principal interest payments.\n fair-value hedges long-term.\n fixed.\n interest payments $ 700 $ 2. 4 billion junior subordinated debentures callable 2006.\n note 14.\n $ 1. 4 billion commitments $ 330 limited partnerships $ 299 mortgage loans.\n payments less than 1 year.\n remaining $ 759 payables securities.\n contribution $ 200 pension plan 2005.\n accepted cash collateral $ 1. 6 billion securities lending program.\n timing uncertain included in payments less than 1 year.\n$ 52 collateralized loan obligations third-party investors investment management entity synthetic clo transactions.\n recourse company assets.\n note 4 financial statements"
}
{
    "_id": "dd4bb2b58",
    "title": "",
    "text": "note 17.\n losses pmi's net taxes.\n earnings millions 2014 2013\n currency translation adjustments $ -3929 $ -2207 $ -331 (\n pension benefits -3020 -3365\n derivatives hedges\n losses $ -6826 -4190 -3604\n reclassifications tax impact activity consolidated statements 2014 2013 2012.\n currency translation adjustments impacted purchase shares mexican tobacco business.\n $ 5 million $ 12 million net currency translation adjustment gains transferred marketing administration research costs 2014 2013 liquidation subsidiary.\n note 13.\n benefit plans note 15.\n financial instruments pmi's pension benefits.\n note 18.\ncolombian investment cooperation agreement june 19 2009 pmi signed agreement colombia departments capital district promote investment cooperation tobacco market fight counterfeit contraband.\n provides $ 200 million funding 20-year combating illegal cigarette trade counterfeit tobacco increasing quality locally grown tobacco.\n pmi recorded pre-tax charge $ 135 million latin america canada second quarter 2009.\n december 31 2014 2013 $ 71 million $ 74 million discounted liabilities.\n paid 2028.\n.\n legal settlement july 31 2008 rothmans.\n cad 550 million settlement benson hedges.\n provinces.\n resolved investigation products exported canada 1989-1996.\n rothmans interest.\n remaining 40% pmi."
}
{
    "_id": "dd4c04c14",
    "title": "",
    "text": "operating activities upon payment terms license agreements.\n 75% license fee paid first year.\n payment terms for tsls extended license fee paid quarterly or annually.\n receive cash from upfront license revenue sooner than time-based licenses.\n 2008 to 2009.\n cash activities decreased deferred revenue timing billings cash payments increased payments to vendors tax prepayment for irs settlement.\n 9.\n 2007.\n cash decreased timing billings cash payments lower cash inflows settlement of $ 12. 5 million from magma.\n investing.\n decrease purchases marketable securities acquisitions offset by timing maturities.\n.\n decrease sale for acquisition synplicity lower capital expenditures.\n financing activities 2008.\n increase absence common stock repurchases offset decrease options employees.\n.\n increase more common stock repurchases.\nnote 7 financial statements stock repurchase program.\n hold cash equivalents short-term investments united states foreign accounts primarily ireland bermuda japan.\n october 31 2009 $ 612. 4 million cash equivalents investments united states $ 555. 9 million foreign accounts.\n funds revenue outside north america.\n indefinitely reinvested foreign countries note 9.\n expect cash fluctuate timing billings collections operating results tax liability payments cash future acquisitions.\n october 31.\n %\n dollars millions\n."
}
{
    "_id": "dd4c64452",
    "title": "",
    "text": "management liquidity risk financial institutions.\n failures insufficient liquidity.\n firm liquidity funding policies-specific industry market liquidity events.\n objective fund firm enable businesses generate revenues.\n manage liquidity risk excess liquidity.\n maintain cash outflows collateral needs.\n asset-liability management.\n holding periods liquidity.\n manage maturities diversity funding markets products maintain liabilities tenor asset base.\n contingency funding plan.\n liquidity crisis stress.\n business activity.\n.\n excess liquidity pre-fund cash collateral needs liquidity crisis hold liquidity unencumbered liquid securities cash.\n securities convertible to cash meet obligations without assets funding markets.\n december 2013 2012 fair value securities overnight cash deposits totaled $ 184. 07 billion $ 174. 62 billion.\ninternal liquidity risk model intraday liquidity needs financial markets firm liquidity position december 2013 2012 appropriate.\n table fair value securities overnight cash deposits.\n.\n. dollar-denominated $ 136824 $ 125111\n. dollar-denominated 45826 46984\n $ 182650 $ 172095\n.\n excess unencumbered.\n government federal agency obligations.\n overnight.\n cash deposits.\n.\n-denominated excess unencumbered german french japanese united kingdom government obligations overnight cash deposits liquid currencies.\n limit excess liquidity defined list securities cash.\n include other sources excess liquidity unencumbered securities credit facilities.\n 2013 annual report"
}
{
    "_id": "dd4c5860c",
    "title": "",
    "text": "not under obligation disclaim to update alter statements.\n consider results differ from statements.\n.\n unresolved staff comments.\n.\n.\n corporate headquarters jacksonville florida owned facility.\n fnf occupies pays rent 121000 square feet.\n lease office space locations.\n california\n florida\n georgia\n texas\n minnesota new york\n illinois ohio maryland\n pennsylvania\n.\n lease 81 locations outside united states.\n properties adequate for business.\n.\n legal.\n involved in litigation matters claims punitive exemplary damages.\n no actions depart from customary litigation.\n matters raise difficult factual legal issues uncertainties.\n review financial accounting standards.\n decisions.\n base on ultimate outcome appeals.\ncompany employees named march 6 2006 defendants civil lawsuit grace digital information technology.\n chinese sales agent alltel services.\n grace filed suit december 2004 monterey county california sales agreement pay commissions contracts 2001 2003.\n 2001 contracts completed.\n 2003 different project executed years agreement terminated.\n violated corrupt practices act bank.\n denied allegations."
}
{
    "_id": "dd4b8cf20",
    "title": "",
    "text": "161 acres undeveloped land 12-acre container storage facility houston.\n total price $ 89. 7 million financed secured debt $ 34. 3 million.\n $ 64. million in-service real estate $ 20. million undeveloped land storage facility $ 5. 4 million lease remaining acquired working capital liabilities.\n rental operations.\n 2007 healthcare real estate.\n development capabilities.\n $ 47. 1 million contingent payments three-year.\n $ 39. million price goodwill development capabilities-place workforce.\n financial statements.\n 2006 acquired majority washington.\n suburban office industrial properties.\n $ 867. 6 million 32 in-service properties 2. 9 million square feet rental 166 acres undeveloped land assets.\n financed assumed mortgage loans new.\nassets acquired liabilities assumed recorded estimated value.\n rental properties 602011\n undeveloped land 154300\n real estate investments 756311\n assets 10478\n lease assets 86047\n goodwill 14722\n acquired 867558\n debt -148527\n liabilities\n liabilities $ 713202\n 2006 contributed 23 properties $ 381. 6 million two subsidiaries.\n nine eight contributed 2007 one.\n $. 4 million debt $ 146. 4 million assumed subsidiaries.\n purchase industrial real estate savannah.\n majority 2006.\n assets $ 196. 2 million 18 buildings. 1 million square feet rental 60 acres undeveloped land.\n financed mortgage loans.\n rental operations consolidated financial statements."
}
{
    "_id": "dd4c02bbc",
    "title": "",
    "text": "valuation long-lived assets estimate useful lives undiscounted cash flows impairment.\n fair value measured discounted cash flows appraisals.\n goodwill indefinite-lived not amortization tested impairment annually.\n estimates value goodwill discounted cash flow model.\n growth rates sales profits.\n discount rates perpetuity growth assumptions market comparables.\n evaluate useful lives intangible assets brands finite indefinite-lived.\n obsolescence demand competition economic factors maintenance expenditures expected lives.\n amortized straight-line useful lives 4 to 30 years.\n estimate fair value brand assets discounted cash flow model projected revenues assumed royalty rates discount rate.\n may 26 2019 $ 20. 6 billion goodwill indefinite-lived intangible assets.\nbelieve fair value intangible exceeds carrying value contribute cash flows different assumptions future performance weighted-average cost capital impairment losses amortization expense.\n performed fiscal 2019 assessment intangible assets second quarter.\n lower sales projections long-range recorded impairment charges.\n $ 132. $ 330.\n impairment charge.\n $ 132. $ 330.\n.\n.\n $ 192. $ 330.\n assumptions long-range cash flow projections royalty rates weighted-average cost capital rates tax rates."
}
{
    "_id": "dd4ba3af4",
    "title": "",
    "text": "december 31 holdings s&p 500.\n holdings. s&p\n 2013 100.\n 2014 98. 114. 113 96.\n 2015 109. 122. 115. 133.\n 126. 133. 129. 140.\n 149. 172. 157. 202.\n 148. 165. 150. 201."
}
{
    "_id": "dd4bae42c",
    "title": "",
    "text": "$ 16 million fossil operating costs attala plant 2006 perryville plant 2005 increase $ 12 million storm reserves.\n hurricanes katrina rita $ 12 million return normal expense patterns 2006 2005.\n operation maintenance expenses increased non- utility nuclear $ 588 million 2005 $ million 2006 refueling outages benefit insurance costs nrc fees.\n increased $ 322 million 2005 $ 361 million 2006 city franchise taxes.\n income.\n higher franchise tax expense entergy gulf states.\n higher gross revenues 2006 customer refund 2005.\n increased $ 111 million 2005 $ 156 million 2006 storm restoration costs.\n non-utility nuclear miscellaneous income $ 27 million $. reduction decommissioning liability revised cost study.\n increased entergy-koch investment $ 55 million fourth quarter 2006.\n2004 entergy-koch sold energy trading pipeline businesses.\n received $ 862 million sales proceeds cash distribution.\n due november 2006 expiration contingencies sale received cash distributions $ 163 million fourth quarter 2006 gain $ 55 million-tax.\n future cash distributions less than $ 35 million.\n increased due borrowing storm restoration costs hurricanes katrina rita.\n 2006 sold retail electric business discontinued operation.\n earnings 2005 affected $ 44. 8 million net discontinued operations sale.\n net charge $ 25. 8 million impairment reserve.\n results 2006 $ 11. 1 million gain sale.\n rates 2006 2005 27. 6%. 36. 6%.\n lower rate due tax benefits loss liquidation entergy power international holdings.\nlower rate 2006 audit settlement entergy tax settled issues 1996-1998 audit cycle.\n note 3 financial statements reconciliation federal 35. income tax rates.\n entergy capital structure spending cash flow activity.\n balanced equity debt.\n increase debt to capital percentage 2006 to 2007 borrowings revolving credit facility decrease shareholders equity repurchases common stock.\n financial risk management aspirations.\n decrease debt capital 2005 to 2006 increase shareholders equity retained earnings offset repurchases common stock.\n debt capital 54. 6%. 6 % 49. 4%. 5%.\n debt 3. 2 9%. 6%.\n 57. 6%. 6 %. 3%. 1%.\n debt cash equivalents.\n notes payable capital lease obligations preferred stock long-term debt maturing portion.\ncapital debt shareholders equity preferred stock without sinking fund.\n net capital less cash equivalents.\n entergy uses net debt capital ratio financial information investors creditors condition.\n"
}
{
    "_id": "dd4b993ba",
    "title": "",
    "text": "pre-construction dam safety environmental construction.\n recovered surcharge twenty-year period october 2012.\n unrecovered project costs surcharges $ 85 million $ 89 million december 31 2018 2017.\n surcharges collected $ 8 million $ 7 million.\n twenty-year amortization period january 1 2018 annual revenue requirement $ 8 million recovered base rates.\n debt expense amortized.\n premiums redemption long term debt unamortized debt deferred amortized future service rates.\n purchase premium acquisition premiums asset california 2007.\n amortized depreciation operations through november 2048.\n tank painting costs deferred amortized operations maintenance expense five fifteen years regulatory authorities.\n american water capital. subsidiary. senior notes december 21 2018.62 % series e senior notes march 29 2019 201d. 77%. f december 21 2022 premium $ 10 million paid holders september 11 2018.\n early debt extinguishment costs utility subsidiaries recorded regulatory assets recovery future.\n construction costs property tax stabilization employee costs deferred postretirement benefit business services coastal water rate expenditures environmental remediation costs.\n costs deferred.\n regulatory liabilities.\n records regulatory liabilities.\n regulatory liabilities december 31.\n income taxes recovered rates $ 1279\n removal costs\n postretirement benefit liability\n pension postretirement benefit balancing accounts\n reserve revenue\n regulatory liabilities $"
}
{
    "_id": "dd4ba9d28",
    "title": "",
    "text": "turkey restructuring costs $ 53 million 72 million 2012 $ 66 million 61 closure etienne mill france 2009.\n sales volumes 2013 higher 2012 strong demand agricultural morocco turkey.\n decreased weak demand poor weather.\n sales margins lower costs.\n costs energy.\n profits 2013 2012 gains $ 13 million $ 10 million insurance settlements government grants offset additional operating costs earthquakes.\n 2014 sales volumes increase higher demand.\n margins improve reductions material costs box price increases.\n input costs flat.\n brazilian packaging orsa paper embalagens. 75% share.\n net sales $ 335 million 2013.\n profits $ 2 million $ 2 million acquisition costs.\n 2014 sales volumes lower 2013.\n margins improve sales price increase favorable product mix.\ninput costs lower.\n packaging sales $ 400 million 2013 2012 410 2011.\n profits loss $ 5 million 2013 $ 2 million 2012 2 2011.\n impacted higher sales margins volumes offset higher operating costs.\n 2014 sales volumes margins seasonally soft.\n sales distribution $ million 2013 260 2012 2011.\n profits $ 3 million 2013.\n demand commercial printing advertising direct mail volumes employment.\n currency rates.\n cost drivers manufacturing efficiency raw material energy freight costs.\n net sales 2013 flat 2012 2011.\n profits 55% lower 2012 69% lower 2011.\n 15% lower 2012 40% 2011.\n lower operating costs $ maintenance outage costs 17 offset lower sales price sales volumes higher input costs higher other costs 34.\n $ 118 million closure courtland mill.\n2013 accelerated depreciation courtland assets evaluated uses.\n net value $ 470 million.\n evaluation conclude uses first quarter.\n profits 123 million impairment charge trade name intangible asset india papers.\n profits 2011 $ 24 million gain repurposing franklin virginia mill $ 11 million impairment charge scotland mill closed 2009.\n.\n printing papers sales $. billion 2013. billion 2012. billion 2011."
}
{
    "_id": "dd4bebffc",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries financial lending.\n commitments extended investment-grade non-investment-grade corporate borrowers.\n operating liquidity corporate purposes.\n extends contingent acquisition financing corporate lending commercial real estate financing.\n short-term.\n sumitomo mitsui financial group.\n provides credit loss protection commitments investment-grade.\n $ 25. 70 billion $ 26. 88 billion december 2017 2016.\n loss protection limited 95% first loss $ 950 million.\n protection 70% additional losses maximum $ 1. 13 billion $ 550 million $ 768 million 2017 2016.\n uses financial instruments mitigate credit risks.\n credit default swaps market index.\n warehouse financing.\n assets.\n secured retail corporate loans.\ncontingent starting collateralized agreements resale securities borrowing repurchase secured lending three business days.\n contingent financing resale agreements.\n funding depends contractual conditions expire unused.\n banks securities cash collateral margin deposit requirements.\n investment private equity real estate assets funds.\n commitments $ 2. 09 billion $ 2. 10 billion 2017 2016.\n funded market value.\n obligations long-term lease agreements office space expiring through 2069.\n escalation real estate taxes.\n future minimum rental payments sublease rentals.\n.\n 299 2019 282\n 2020 262\n 2021 205\n 2022 145\n 2023 operating expenses $ 273 million 2017 $ 244 million 2016 $ 249 million 2015.\n"
}
{
    "_id": "dd4c1d854",
    "title": "",
    "text": "consolidated financial statements non-financial assets liabilities measured fair value 2009 classified atlantic star for sale recognized charge $ 7. 1 million reduce carrying value less cost offer.\n recorded operating expenses statement.\n determined fair market value atlantic star december 31 2010 ship sales condition age size.\n categorized inputs level 3 assump tions.\n carrying amount atlantic star fair value $ 46. 4 million.\n table reconciliation company fuel call options balances fair value measurements unobservable december 31 2010 inputs 2009 fuel balance january 1 2010 gains losses.\n december 31 2010 fairvalue measurements unobservable inputs december 31 2009 fairvalue unobservable inputs 3\n total gains losses\nincome expense ( 2824 ) -2538 ( 2538 )\n purchases issuances settlements 24539 purchases issuances settlements 12536\n transfers level 3 -31713 ( ) 2014\n balance december 31 2010 balance december 31 2009 9998\n total gains losses income unrealized gains losses assets held ( 2824 ) gains losses -2538 ( 2538 )\n gains losses unrealized gains 2824 fourth quarter 2010 changed valuation technique fuel call options market approach inputs observable.\n fair value determined prevailing market price price quotes assets transactions.\n level 2 categorization appropriate observability transparency inputs.\n derived fair value fuel call options standard option pricing models options 2019 contract terms data public market informa.\nfuel call options level 3 volatility unobservable.\n transfers level 3 end quarter gains losses 2010 include fourth quarter fuel gains.\n fair values based factors assumptions.\n not represent financial assets include expenses sale settlement.\n derivative instruments exposed market risk interest rates fuel prices.\n manage risks operating financing activities derivative instruments hedging practices.\n financial impact hedging offset by changes exposures.\n amount term conditions derivative instrument risk.\n hold issue trading speculative.\n monitor derivative positions market valuations sensitivity analyses."
}
{
    "_id": "dd4b93a82",
    "title": "",
    "text": "emerson.\n sales $ 5. 9 billion $ 302 million hvac refrigeration.\n.\n sales increased 5 percent 297 million 6 percent volume 1 percent lower price.\n currency deducted 20 million acquisitions 25 million.\n climate technologies sales $ 4. 2 billion 268 million 7 percent.\n air conditioning.\n.\n refrigeration energy.\n sensors temperature controls.\n tools home products $ 1. 6 billion 34 million.\n.\n wet vacuums.\n.\n food waste disposers storage declined.\n sales increased 3 percent. 4 percent 17 percent asia.\n 3 percent latin america 4 percent canada decreased 5 percent middle east/africa.\n earnings $ 1. 4 billion $ 72 million climate technologies.\n volume costs 16 million offset higher materials costs price product mix.\n company cash acquisitions capital structure short long-term.\n cash flow millions 2016 2017 2018.\n operating cash flow $ 2499 2690 2892\n sales 17. 2%. 2 6%\n capital expenditures $ 447 617\n sales 3. 1%. 1 5%. 5 %\n cash flow $ 2052 2214 2275\n sales 14. 1%. % 5%. 1%. 1 %\n working capital $ 755 1007\n sales 5. 2%. 2 %. 6%. 7%. 7\n cash flow 2018 $ 2. 9 billion $ 202 million 8 percent increase 2017 higher earnings working capital.\n cash flow $ 2. 7 billion 2017 increased 8 percent. 2016 higher earnings.\n sales 5. 7 percent. 2 percent 2016.\nincrease 2017 capital valves controls.\n $ 617 million dividends $ 1. billion common stock purchases $ 1. billion.\n repatriated $. 4 billion.\n subsidiaries.\n borrowings $ 2. 2 billion.\n contributions pension $ 61 million 2018 $ 45 million 2017 $ 66 million 2016.\n capital expenditures $ 617 million 476 million $ 447 million.\n free cash flow $ 2. 3 billion 2018 up 3 percent.\n 2. billion\n capital spending $ 650 million 2019.\n net cash acquisitions 2. 2 billion 3. 132 million.\n divestitures $ 201 million $ 39 million.\n dividends 1. billion.\n quarterly cash dividend 1 percent $. per share.\n purchases common stock. 400 million 601 million 2016 $.\nboard 70 million shares 2015 41. million.\n purchased 15. million 2018 6. 2017 12. 5 million 2016 2013."
}
{
    "_id": "dd4bbd256",
    "title": "",
    "text": "mastercard financial statements 2014 company postretirement plan funding benefits payments.\n table summarizes expected net benefit payments through 2018 benefit payments subsidy receipts.\n 2009 $ 2641 $ 2564\n 2010 3139\n 2011 3561\n 2012 3994\n 2013 4357 4188\n 2018 25807 1269 24538\n company provides postemployment benefits former.\n employees.\n accounts severance expense.\n cost benefits.\n updates assumptions severance severance activity long-term trends.\n recorded severance expense $ 2643 3418 $ 8400  2008 2007 2006.\n accrued liability severance plan $ 63863 $ 56172 december 31 2008 2007.\n.\napril 28 2008 extended unsecured revolving credit facility 2006 additional year.\n expiration date april 26  2011.\n funding $ 2500000 april 27 2010 $ 2000000 final year.\n terms conditions unchanged.\n option.\n borrowings liquidity settlement failures limit $ 500000.\n facility fee 8 points $ 2030 annually.\n interest charged london interbank rate libor margin 37 points utilization fee 10 points borrowings exceed 50% commitments.\n fee cost contingent credit rating.\n upfront fees $ 1250 administrative fees $ 325 amortized three years.\n $ 2353 $ 2477 $ 2717 december 31 2008 2007 2006.\n no borrowings 2008 2007.\n majority lenders mastercard international.\n 1998 issued ten-year unsecured notes fixed interest rate 6. 67%. per annum.\n$ 80000 june"
}
{
    "_id": "dd4c4c208",
    "title": "",
    "text": "2009 2010 2014\n state street corporation 100 107 114 120 190\n s&p 500 index 132 135 157\n s&p financial index 135\n kbw bank index 152 117 153"
}
{
    "_id": "dd4c1cc9c",
    "title": "",
    "text": "devices.\n financial statements 2014 schedule future minimum rental payments long-term leases october 31.\n 2016 21780\n 2017 16305\n 2018 8670\n 2019 4172\n 2020 3298\n 5263\n $ 59488\n.\n commitments contingencies claims charges contractual patents trademarks personal injury environmental product liability insurance coverage personnel employment disputes.\n no assurance.\n legal matters financial position operations cash flows.\n.\n retirement plans subsidiaries savings retirement plans employees.\n defined contribution plan eligible.\n employees.\n contributions 5% compensation.\n contributes pre-tax contribution 3% compensation.\n expense contribution plan.\n $ 26. million 2015 $ 24. million 2014 $ 23. million 2013.\n defined benefit pension retirement plans non.\n employees requirements.\n expense.\nexcluding settlement charges irish defined benefit plan $ 33. 3 million 2015 $ 29. 8 million 2014 $ 26. 5 million 2013.\n.\n converted benefits.\n expenses $ 223. 7 million including settlement charges legal accounting professional fees pension.\n assets plan liquidated annuities retirees distributed.\n assets plan zero end 2015.\n funding policy foreign pension plans consistent local requirements.\n assets.\n.\n equity securities bonds property cash.\n obligations assets measured october 31 2015 november 1 2014.\n.\n"
}
{
    "_id": "dd4ba2b5e",
    "title": "",
    "text": "mastercard financial statements 2014 termination employment excluding retirement participant unvested awards forfeited.\n retirement retains awards additional service.\n retirement age years service 55 ten 60 five 65 two.\n compensation expense recognized shorter vesting periods.\n 11550 shares common stock equity awards.\n no.\n option exercises conversions funded issuance new shares.\n fair value estimated date grant black-scholes option pricing model.\n weighted-average assumptions fair value option years december 31.\n risk-free rate return 2. 5%. 5 %. 2%. 2 % 4. 4%. 4 %\n 6. 25\n 41. 7%. 7 % 37. 9%. 9 %. 9%. 9 %\n dividend yield. 4%. 3%. 6%. 6 %\n-average value option $ 71. 03 $ 78. 54 $ 41. 03\n risk-free rate return based.\n treasury yield curve.\n company simplified method calculating expected term option vesting terms contractual life.\n volatility options 2009 average implied volatility mastercard historical.\n options 2008 average mastercard.\n traded stock data volatility options 2007 based average historical implied volatility.\n dividend yields based company 2019s expected annual dividend rate."
}
{
    "_id": "dd4bac398",
    "title": "",
    "text": "table details effect net income earnings per share compensation expense stock-based awards including options recorded december 31 2005 fair value method statement.\n stock compensation.\n millions amounts.\n net income $ 1026\n employee compensation expense tax\n compensation expense value -50\n net income $ 989\n earnings per share 2013 $ 3.\n.\n.\n.\n stock options executives granted 2003 2002 reload feature.\n options common stock new grant.\n price common stock increased 20%.\n year december 31 2005 reload option grants represented $ 19 million pro forma expense.\n no reload option grants 2007 2006 options exercised after 2006 not eligible reload.\n earnings calculated on weighted-average common shares outstanding.\nearnings per share include issuable stock options awards conversion dilutive.\n estimates consolidated financial statements include estimates assumptions assets liabilities revenue expenses contingent assets liabilities.\n future results differ from.\n income taxes fasb statement.\n 109 taxes current year deferred tax assets liabilities future tax consequences financial statements.\n consequences measured tax law anticipated.\n financial condition.\n record valuation allowance against deferred tax assets offset future tax benefits.\n tax assets judgments.\n claimed tax benefits challenged uncertain tax positions accounted under fasb interpretation.\n 48 uncertainty.\n.\n 2007.\n income tax contingencies accounted under fasb statement.\n.\n tax benefits for positions likely sustained.\n measured largest benefit greater than 50 percent likely realized settlement.\nliability benefits"
}
{
    "_id": "dd4bbec82",
    "title": "",
    "text": "death benefits from insurance company remainder.\n minimal cash payments policies.\n net pension cost split-dollar life insurance $ 5 million 2013 2012 2011.\n liability future death benefits 2019 retirement $ 51 million $ 58 million 2012.\n amended reinstated june 1 2013.\n executives defer salary cash incentive compensation 401 ( k ) plan limitations.\n invest deferred amounts investment alternatives 401.\n company matching contributions first 4% compensation deferred $ 50000 lost matching amounts discretionary amounts approved.\n.\n. 401 contributory.\n contributions based 2019 contributions.\n expenses contribution plans years december 31 2013 2012 2011 $ 44 million $ 42 million $ 48 million.\n january 1 2012 additional discretionary 401 ( k plan matching contribution employees.\nyears 31 2012 company no contributions.\n.\n share-based compensation incentive stock options appreciation rights employee purchase plan grants options acquire stock employees option holders.\n option right exercise price 100% fair market value common stock.\n awards five fifteen years two four years.\n control exercisable holder terminated quits within 24 months.\n employee stock purchase plan allows payroll deductions 20% compensation.\n purchase more $ 25000 stock.\n price per share 85% fair market value stock purchase.\n two purchase periods october 1 march 31 april 1 september 30.\n years 31 2013 2012 2011 employees purchased 1. 5 million. 4 million 2. 2 million shares prices $ 43. $.\n calculates value employee stock option black-scholes option pricing model.\n-average employee stock options 2013 2012 2011 $ 9. 52 9. 60 $ 13. 25 assumptions.\n volatility 22. 1%. 1 % 24. 28. 8%. 8 %\n risk-free interest. 9% 9 % 8% 8 1% 1 %\n dividend yield. 4%. 4 %. 2%. 2 %.\n life 5. 6.\n uses implied volatility options.\n availability"
}
{
    "_id": "dd4bd3006",
    "title": "",
    "text": "performance graph comcast compares yearly shareholder return comcast 2019s common stock five years 31 2015 returns standard poor 2019s 500 stock index peer group cable communications media industries.\n cablevision systems dish network directv.\n. time warner cable.\n. viacom.\n twenty-first century fox.\n cbs.\n cable subgroup 63% media subgroup 37% communications segments.\n $ 100 invested december 31 2010 common stock reinvestment dividends.\n 5 year cumulative return comcast s&p 500 peer group index.\n comcast $ 110 $ 177 $ 250 $ 282\n s&p 500 stock index $ 102 $ 118\n peer group index $ 110 $ 157 $ 231 $ 267 $\nwholly subsidiary no market equity securities.\n 2015 report"
}
{
    "_id": "dd4987f04",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries portfolios positions not var.\n.\n.\n table risk positions not included category.\n december 2017 2016 2015\n equity $ 2096 $ 2085 $ 2157\n debt 1606\n $ 3702 $ 3787 3636\n market risk potential reduction net revenues 10% 10 % decline value.\n equity positions private public equity securities corporate equities real estate hedge funds.\n debt positions debt commercial real estate corporate loans debt distressed loans.\n equity debt positions consolidated statements financial.\n.\n reflect diversification effect asset categories market risk measures.\n credit spread sensitivity derivatives financial liabilities.\n excludes impact credit spreads derivatives financial liabilities value option.\nestimated sensitivity one point increase credit spreads on derivatives $ 3 million $ 2 million including hedges december 2017 2016.\n point increase credit spreads financial liabilities fair value option $ 35 million $ 25 million.\n net impact spreads affected by liquidity duration convexity liabilities performance hedges.\n interest rate sensitivity.\n loans receivable december 2017 2016 $ 65. 93 billion $ 49. 67 billion floating interest rates.\n estimated sensitivity to 100 basis point increase interest rates loans $ 527 million $ 405 million additional interest income twelve-month period impact increase costs loans.\n note 9.\n credit loss protection from sumitomo mitsui financial group.\n note 18.\n investments in securities-for-sale.\n.\n equity direct investments real estate.\ninvestments estate cost depreciation.\n note 13 financial statements.\n sachs"
}
{
    "_id": "dd49870ae",
    "title": "",
    "text": "reinsurance commissions fees revenue decreased 2% 2014 impact foreign currency exchange rates organic revenue market impact offset business treaty placements capital markets transactions advisory business.\n income increased $ 108 million 2013 $ 1. 6 billion 2014.\n income margins. 120.\n organic revenue growth return investments expense discipline savings restructuring programs offset $ 61 million impact foreign currency exchange rates.\n.\n revenue $ 4264\n income\n margin.\n solutions segment generated 35% revenues 2014 human capital services 2022 retirement specializes actuarial services contribution consulting tax consulting pension administration.\n planning reward strategies salary survey market share studies sales force effectiveness financial services technology industries.\n2022 human capital advice organizations talent change organizational effectiveness talent strategy executive on-boarding performance management leadership assessment communication strategy workforce training change management.\n investment consulting advises companies institutions trustees investment programs defined benefit contribution endowments foundations.\n benefits administration expertise defined benefit contribution 401 health welfare services.\n replaces processes efficient less costly solutions.\n exchanges healthcare exchanges cost effective alternative healthcare insurance.\n human resource business processing outsourcing manage employee data benefits payroll human resources processes talent workforce transactions.\n disruption global credit markets deterioration financial markets uncertainty.\n economic conditions impacted financial condition business activities.\n challenges demand pricing business results."
}
{
    "_id": "dd4b8c5c0",
    "title": "",
    "text": "third quarter 2017 recognized goodwill $ 145. intangible $ 16. 8.\n note 11 goodwill 12 intangible assets fair value measurement methods inputs level 3.\n.\n tables summarize debt 30 2019 2018.\n short-term borrowings $ 58. $ 54.\n long-term debt 40. 406.\n 2907. 2967.\n 320.\n $ 3326. $ 3812.\n 2019 long-term debt $ 37.\n note 7 acquisitions.\n short-term borrowings bank obligations $ 58. 2 $ 54. 3 30 2019 2018.\n weighted average interest rate 3. 7%. 5 0%."
}
{
    "_id": "dd4bb5858",
    "title": "",
    "text": "consolidated financial statements union pacific corporation subsidiary companies references subsidiaries railroad company 201cuprr 201d 201crailroad 201d.\n.\n class i railroad.\n 31953 route miles pacific gulf coast ports midwest eastern.\n gateways mexican gateways.\n western two-thirds country coordinated schedules rail carriers freight pacific coast southeast southwest canada mexico.\n export import traffic gulf coast pacific coast ports mexican canadian borders.\n railroad subsidiaries affiliates reportable operating segment.\n commodity group net financial results segment.\n revenue commodity group millions 2010 2009 2008.\n agricultural\n automotive\n chemicals\n energy\n industrial products\n intermodal\nfreight revenues $ 16069 $ 13373 $ 17118\n revenues 896 770 852\n operating revenues $ 16965 $ 14143 $ 17970\n from customers. origination products outside.\n consolidated financial statements accounting principles.\n financial standards.\n.\n statements union pacific corporation subsidiaries.\n investments affiliated companies 20% to 50% 50 % equity method.\n intercompany transactions eliminated.\n no majority-owned investments consolidation variable interest.\n cash equivalents investments maturities three months or less.\n reduced allowance doubtful accounts.\n based historical losses credit worthiness economic conditions.\n other assets.\n affiliated companies equity less 20% cost method accounting."
}
{
    "_id": "dd4b91214",
    "title": "",
    "text": "engineering plastics.\n founded 1987 leading producer pom south korea.\n venture celanese ticona 50% mitsubishi gas chemical company.\n 10%.\n polyacetal ulsan compounding nylon pyongtaek participates polyplastics mitsubishi.\n world-scale pom facility nantong.\n polyplastics.\n leading supplier engineered plastics asia-pacific venture daicel chemical industries. 55% celanese ticona 45% 45 %.\n 1964 producer marketer pom asia-pacific production japan taiwan malaysia china.\n fortron industries.\n producer polyphenylene sulfide automotive applications.\n 1992 liability ticona fortron.\n kureha corporation.\n.\n facility wilmington north carolina.\n combines sales marketing distribution compounding manufacturing celanese polymer kureha.\nacetate.\n 30% ownership three acetate ventures.\n nantong.\n. kunming.\n.\n zhuhai.\n.\n china national tobacco corporation controls.\n 30% cigarette production consumption largest fastest growing acetate tow products 2009 stanford economics.\n ventures leader acetate production supply cigarette producers.\n 2009 expand acetate flake tow capacity nantong facility approval expansions 30000 tons.\n 12 expansions earnings growth increased dividends.\n cash flow.\n $ 8 million expansions $ 9 million 2012.\n $ 12 million.\n second quarter year.\n cash dividends $ 78 million $ 71 million $ 56 million.\nownership china acetate ventures exceeds 20% account cost method accounting influence local government investment limitations involvement operations inability provide timely financial information accounting principles states.\n equity.\n hold indirect ownership infraserv groups germany industrial parks support tenants.\n table represents equity investments infraserv ventures december 31 2011.\n ownership %\n infraserv.\n.\n."
}
{
    "_id": "dd4b8dc72",
    "title": "",
    "text": "stock open market purchases privately transactions prevailing prices permitted securities laws legal requirements subject to stock price business market conditions factors.\n funding stock repurchases cash generated operations.\n fund stock repurchase program revolving credit facility future financing transactions.\n no repurchases series a b common stock three months ended december 31 2013.\n announced stock repurchase program august 3 2010.\n performance cumulative shareholder return series a b c compared 500 stock index peer group cbs network. warner.\n viacom.\n walt disney.\n assumes $ 100 invested december 31 2008 series a c s&p 500 index peer group companies reinvestment dividends years ended december 31 2009 2010 2011 2012 2013.\n.\n.216. 60 294. 49. 34 448. 31 638.\n 100. 207. 32 287. 71 277. 416. 52 602.\n 100. 198. 274. 281. 55 436. 89 626. 29\n 100. 123. 45 139. 23 139. 157. 90 204. 63\n 100. 151. 63 181. 208. 91 286. 74. 87\n compensation 2014 annual meeting."
}
{
    "_id": "dd4bb9458",
    "title": "",
    "text": ".\n consolidated financial statements company implex operating since 2000 table summarizes estimated values reconstructive assets acquired liabilities assumed implant trauma products implex acquisition.\n merger agreement cash earn-out payments assets $ 23. sales growth 2006 products.\n current assets $ 23.\n property plant equipment.\n intangible assets amortization\n core technology 30 year.\n.\n other assets.\n goodwill 61.\n assets acquired 210.\n current liabilities.\n deferred taxes 43.\n liabilities assumed 57.\n net assets acquired $ 153.\n total earn-out payments. $ 120 to $ 160 million.\n. payments contingent consideration goodwill.\n assets acquired. shareholders current liabilities. deferred taxes. additional cost transaction resolution contingency liabilities.\n net assets acquired $ 153.implex acquisition accounted purchase method.\n.\n.\n implex results operations included company consolidated results devices orthopaedic april 2004 assets joint replacement surgical liabilities recorded estimated values.\n january 1 2003 instruments financial position long-lived assets property excess purchase price plant equipment.\n undeployed instruments goodwill.\n financial information allowances obsolescence.\n instruments cost less accumulated depreciation.\n financial position depreciation computed straight-line method.\n estimated lives preliminary purchase price product life cycles allocation.\n five years.\n.\n accounting principles.\n interviews instruments impairment economic competitive events historical value.\n.\n preliminary purchase recognized future cash flows allocation information less carrying amount.\n depreciation instruments recognized selling.\nassurance administrative expense assumptions instrument cost 2003.\n technology revenues undeployed instruments development costs profitability prepaid expense.\n final obsolescence $ 54. 8 million december 31 2002 purchase price allocation vary administrative expense.\n final valuation instruments service.\n purchase price allocation new method accounting no later one year cost assets acquisition.\n estimates.\n allocate cost five years.\n change december 31 2003 earnings $ 26. million $ 17. million net tax $ 0. per diluted share.\n cumulative adjustment $ 55. 1 million net income taxes $ 34. million"
}
{
    "_id": "dd4b8d768",
    "title": "",
    "text": "2008 fasb issued.\n 161 derivative instruments hedging activities amendment statement.\n 133 disclosures objectives strategies derivative instruments.\n financial statements.\n.\n credit risk contingent features hedged positions.\n.\n effective november 15 2008 second quarter 2009.\n.\n adoption financial condition results.\n financial information statistics three fiscal years september 27 2008 $ 24. 5 billion cash equivalents short-term investments increase $ 9. 1 billion 2007.\n cash operating activities $ 9. 6 billion proceeds common stock $ 483 million excess tax benefits stock-based compensation $ 757 million.\n offset acquisitions property equipment $ 1. billion business acquisitions $ 220 million intangible assets $ 108 million.\ncompany 2019s cash exceeded net income deferred revenue subscription accounting iphone.\n short-term investment portfolio in highly rated securities minimum single-a.\n $ 11. 3 billion $ 6. 5 billion investments foreign subsidiaries in.\n dollar-denominated holdings.\n $ 117 million unrealized losses one to five years $ 11 million.\n hold investments recovery.\n declines fair value recognized in statement operations.\n balances cash short-term investments satisfy working capital expenditures liquidity requirements 12 months.\n cash payments for asset purchases $ 1. billion 2008 $ 389 million retail $ 702 million real estate acquisitions corporate infrastructure.\n anticipates $ 1. 5 billion for capital asset purchases 2009 $ 400 million retail. billion.\ninvestments 24490 15386 10110\n 2422 1637 1252\n 509 346 270\n capital 20598 12676 8066\n 9596 5470"
}
{
    "_id": "dd4b9b6ba",
    "title": "",
    "text": "third-party royalties expenses network infrastructure depreciation lease payments equipment data center costs salaries amortization intangible assets allocated overhead.\n contracts data center facilities rack space power.\n increased change 2014-2013 2013-2012.\n data center cost 10% 11% ( 11 %\n compensation cost benefits\n depreciation expense\n royalty cost\n amortization intangibles\n insignificant items\n change 21% ( 21 % ) 27% ( 27 %\n subscription revenue increased 2014 data center costs compensation cost deprecation expense royalty cost.\n data center costs higher transaction volumes marketing cloud creative cloud services.\n compensation cost additional headcount acquisition neolane.\n depreciation expense higher capital expenditures network center infrastructure.\n royalty cost subscriptions downloads.\nsubscription revenue increased 2013 due increased hosted server costs amortization purchased intangibles.\n costs data center costs higher transaction volumes marketing creative cloud services depreciation expense capital expenditures compensation headcount.\n amortization intangibles increased acquisitions behance neolane.\n employee-related costs consulting training product support.\n revenue increased 2014 compensation benefits headcount third-party fees.\n support revenue increased 2013 third-party fees compensation additional headcount acquisition neolane."
}
{
    "_id": "dd497da9a",
    "title": "",
    "text": "stock performance graph 18 securities exchange act 1934 incorporated tractor supply company securities act 1933.\n compares stockholder return common stock december 28 2013 29 2018 returns s&p 500 s&p retail index.\n assumes $ 100 invested 28 2013 common stock reinvestment dividends.\n historical stock price performance not indicative future performance.\n 12/28/2013/27/2014/26/2015/31/2016 12/30/2017/29/2018\n tractor supply company $ 100. 104. 115. 117.\n. 115. 116. 129. 157. $ 149.\n&p retail index. 111. 140. 148. 193. $ 217."
}
{
    "_id": "dd4beffc6",
    "title": "",
    "text": "equity investment.\n business segment earnings millions $ 207\n pnc 2019s share blackrock earnings 23% 23 % 33% 33 %\n pnc 2019s investment billions $ 5. 8 $ 4. 2\n investment billions. includes earnings income taxes.\n.\n blackrock/barclays 2009 acquired bgi barclays bank $ 6. 65 billion cash 37566771 shares blackrock stock.\n amendments stockholder agreements pnc.\n transfer restrictions effective.\n stock purchase agreement 3556188 shares series d preferred stock $ 140. 60 per share $ 500 million.\n january 31 2010 series d stock converted to series b stock.\n value investment blackrock increased increase equity.\n $ 1. 076 billion pretax gain fourth quarter 2009.\ndecember 31  2009 ownership blackrock common stock 35%.\n income pretax gains $ 98 million 2009 $ 243 million 2008.\n gains mark-to-market adjustment decrease market value.\n exchange agreement blackrock december 26 2008.\n restructured ownership blackrock equity economic interest.\n limitations voting rights agreements.\n exchange agreement merrill lynch merger bank of america merrill lynch january 1 2009.\n restructured ownership blackrock equity.\n exchange completed february 27  2009.\n obligation shares replaced series c preferred stock.\n acquired 2. 9 million shares series c stock blackrock common shares.\n pnc accounts preferred shares fair value offsets impact obligation.\n blackrock stock balance sheet.\nvaluation blackrock series c stock note 8 financial statements.\n pnc accounts investment blackrock equity earnings reduced due exchange blackrock common stock c stock.\n not pnc 2019s blackrock earnings.\n pnc ownership blackrock increased exchange merrill lynch blackrock common stock.\n share blackrock common stock higher blackrock 2019s equity earnings.\n transactions exchange agreements affect right dividends."
}
{
    "_id": "dd49872ac",
    "title": "",
    "text": "oil gas activities future cash flows oil gas reserves 2007 2006 2005 sales transfers oil gas production transportation administrative costs $ 4887 5312 3754 prices production costs 12845 1342 6648.\n 2007 2006 2005\n sales transfers oil gas costs -4887 -5312 -3754 3754\n 12845 -1342 1342 6648\n extensions discoveries recovery 1816 1290 700\n development costs 1654 1251 1030\n development costs -1727 -527 -552\n estimates 1319\n sales minerals 23\n accretion discount 1726 1882 1124\n income taxes -6751 -660 -6694\n -12 307\n change 4977\n 8518 10601\n end year 13495 8518 10601\ndiscontinued 2013 -216 216 162"
}
{
    "_id": "dd4bb5c2c",
    "title": "",
    "text": "derivative instruments market risk.\n dividends $ 0. 92 per share $ 637 million paid 2007.\n dividend $ 0. 24 cents per share payable march 10 2008 february 20 2008.\n liquidity capital resources cash flow credit facilities debt equity capital markets.\n investment grade credit ratings.\n senior unsecured debt rated investment grade.\n bbb+.\n reaffirmed july 2007 western acquisition.\n short-term long-term liquidity operations capital spending stock repurchase debt maturities.\n $ 3. 0 billion revolving credit facility may 2012.\n december 31 2007 no borrowings commercial paper.\n.\n july 26 2007 universal shelf registration statement securities exchange commission issue sell debt equity securities.\ncash-adjusted debt-to-capital ratio 22 percent at december 31 2007 six percent year-end 2006.\n includes $ 498 million debt serviced united states steel.\n.\n long-term debt due one year $ 1131 $ 471\n $ 7215 $ 3532\n 1199 2585\n funds\n $ 19223 $ 14607\n 7215 3532\n funds\n 24495 $ 15554\n cash-adjusted debt-to-capital ratio 22% % 6% ( 6 % )\n $ 1. billion revenue bonds parish.\n proceeds disbursed garyville refinery expansion.\n trusteed funds noncurrent assets consolidated balance sheet as december 31 2007."
}
{
    "_id": "dd4979f76",
    "title": "",
    "text": "manufactures systems order backlog customer commitments.\n orders authorizations accepted shipment dates next 12 months contractual service revenue maintenance fees 12 months.\n backlog october 26 27 2014 2013 millions percentages.\n silicon systems group $ 1400  48% 48 % $ 1295  55% 55 %\n global services 775 27% 27 % 591 25% 25 %\n 20% 361 15% 15 %\n energy environmental solutions 149 5% 5 % 125\n $ 2917  100% 100 % $ 2372\n backlog not indicative sales customer changes delivery cancellation orders.\n delay.\n delays reduction backlog business results.\n assembly test integration proprietary commercial parts components subassemblies systems.\nimplemented distributed manufacturing model in countries united states europe israel singapore taiwan assembly at customer sites.\n uses vendors supply parts assembly services.\n not always possible.\n key parts obtained from single.\n costs risks manufacturing service interruptions selecting qualifying alternate suppliers monitoring financial condition maintaining inventories qualifying new parts locating manufacturing operations close to suppliers customers.\n growth strategy requires new products expansion markets.\n investment in new products before demand.\n works with customers design systems processes technical production requirements.\n product development engineering organizations in united states europe israel taiwan china.\n outsources rd&e activities outside india singapore.\n process support demonstration laboratories in united states china taiwan israel.\ninvestments rd&e $ 1. 4 billion 16 percent 2014 $ 1. 3 billion 18 2013 $ 1. 2 billion 14 percent 2012.\n 13 percent net sales rd&e five years.\n maintains programs automation materials research environmental control."
}
{
    "_id": "dd4bb216c",
    "title": "",
    "text": "financial expectations 2013 cautious economic environment industrial production grows 3% volume exceed 2013.\n growth earnings exceed 2013 pricing gains network improvements productivity initiatives.\n free cash flow 2014 lower 2013 operations offset additional cash $ 400 million income taxes capital spend higher dividend payments.\n operations revenues 2011.\n freight revenues $ 20684 $ 19686 $ 18508 5% 5 6% 6 %\n other revenues\n $ 21963 $ 20926 $ 19557 5% 7% 7 %\n freight revenues six commodity groups.\n vary volume.\n price traffic mix fuel surcharges.\n contractual incentives volumes reductions freight revenues.\n recognize revenues.\n allocate revenues transit time recognize expenses.\nrevenues include subsidiaries commuter rail accessorial equipment services.\n.\n freight revenues five commodity groups increased 2013.\n agricultural products.\n increased 5% core pricing gains business automotive logistics management.\n volume flat growth automotives frac sand crude oil domestic intermodal declines coal grain.\n revenues four six commodity groups increased 2012.\n coal agricultural declined.\n franchise diversity growth markets automotive manufacturing declines.\n increased 7% 7 % core pricing gains higher fuel cost recoveries.\n improved recovery provisions prices.\n programs revenues $ 2. 6 billion $. billion $. billion 2013 2012.\n surcharge flat price.\n rising fuel prices more shipments increase 2011 to.\n2013 revenue increased 2012 contract revenue subsidiaries.\n 2012 2011 higher subsidiaries.\n assessorial revenues container revenue intermodal shipments."
}
{
    "_id": "dd4b87a02",
    "title": "",
    "text": "mississippi.\n income 2008 decreased $ 12. million higher operation maintenance expenses lower income higher depreciation amortization expenses offset higher revenue.\n 2006 increased $ 19. million higher revenue lower expenses depreciation amortization.\n revenues fuel expenses gas power expenses regulatory charges.\n analysis change net revenue 2008 2007.\n.\n 2007 net revenue $ 486.\n costs.\n revenue.\n base revenue.\n reserve equalization.\n wholesale revenue.\n.\n 2008 net revenue $ 498.\n costs variance power plant costs recovered management rider.\n net income return equity remainder offset operation maintenance expenses depreciation expenses taxes.\n recovery.\n rider revenue variance storm damage rider october 2007.\n revenue operation maintenance expense no effect net income.\nbase revenue formula rate plan increase 2007.\n local rate regulation.\n reserve equalization variance entergy system."
}
{
    "_id": "dd4b9c790",
    "title": "",
    "text": "clawback improbable.\n company records deferred interest liability cash allocations revenue recognition criteria.\n 2017 2016 $ 219 million $ 152 million deferred interest.\n paid employees.\n timing recognition performance fee revenue unknown.\n changes deferred interest liability 2017 2016.\n balance $ 152 $ 143\n increase unrealized allocations 75\n performance fee revenue\n balance $ 219 $ 152\n 2017 2016 2015 performance fee revenue totaled $ 594 million $ 295 million $ 621 million.\n technology risk management recorded positions.\n 2017 2016 risk management revenue totaled $ 677 million $ 595 million $ 528 million.\n adjustments initial estimates immaterial revenue record performance fee revenue thresholds exceeded clawback improbable.\n.\nrevenue contracts customers.\n 2014 financial accounting standards board issued standards update.\n outlines model revenue supersedes current guidance.\n changes accounting contract costs revises criteria principal agent.\n key changes revenue recognition revenue contracts costs.\n significant distribution costs net against revenues expense gross basis.\n adopted 2014-09 effective january 1 2018 retrospective 2016 2017 restated future filings.\n cumulative effect adjustment 2016 earnings.\n expects net gross revenue $ 1 billion gross expense 2016 2017.\n operating margin decline adoption.\n no material impact adjusted operating margin.\n accounting pronouncements december 31 2017 note 2 accounting policies consolidated financial statements part ii item 8.\n.\n market.\n investment advisory administration fees value performance fees returns.\ndecember 31  2017 company investment fees based on aum investment funds.\n equity market prices interest rates spreads foreign exchange rates lower fees.\n.\n leading investment management firm blackrock devotes resources identifying market risks.\n board adopted guidelines review investments audit committee board.\n blackrock exposed equity market price interest rate/credit spread foreign exchange risk.\n sponsored investment products real assets private equity hedge funds.\n co-investment performance track record hedge deferred compensation plans regulatory purposes.\n seed capital hedging program swaps hedge market interest rate exposure.\n december 31 2017 outstanding return swaps $ 587 million.\n no outstanding interest rate swaps."
}
{
    "_id": "dd4c1e5c4",
    "title": "",
    "text": "holdings.\n 2013 10-k annual report state income tax returns examination 3 to 5 years after filing.\n impact federal changes one year after notification.\n state income tax returns examination litigation.\n examination foreign jurisdictions.\n statutes limitations 3 to 5 years.\n australia canada france germany ireland italy japan puerto rico switzerland united kingdom.\n.\n authorized issue 250 million shares preferred stock none issued outstanding december 31 2013.\n numerator basic diluted earnings net earnings.\n denominator basic earnings weighted average shares.\n diluted shares adjusted dilutive stock options equity awards.\n reconciliation weighted average shares.\n years december 2011\n average shares net earnings per share 169.\n dilutive stock options equity awards..\n shares diluted net earnings 171. 176. 188.\n earnings 169. 6 174. 9 187. dilutive stock options equity awards. earnings 171. 176. 188. 2013 3. million options not included greater market price.\n 2012 2011 11. 9 million 13. 2 million options not included.\n 2013 repurchased 9. 1 million shares common stock average $ 78. per share total cash outlay $ 719. million.\n january 1 2014 new share repurchase program purchases $ 1. billion no expiration date.\n purchases repurchase.\n.\n design develop manufacture market orthopaedic reconstructive implants dental implants spinal implants trauma products surgical.\n healthcare services.\n operations segments americas.\n pacific.\nstructure reportable segment information.\n management evaluates profit payment inventory step-up charges goodwill items global operations functions.\n research development engineering medical education brand management legal finance human resource. manufacturing intangible asset amortization.\n intercompany transactions eliminated profit.\n reviews accounts receivable inventory property plant equipment goodwill intangible assets. manufacturing."
}
{
    "_id": "dd4bc0884",
    "title": "",
    "text": "return compares return standard poor 500 index dow jones health care providers index five years 2017.\n assumes investment $ 100 common stock s&p 500 peer group 2012 dividends reinvested.\n $ 100 152 214 267 307 377\n s&p 500 $ 132 150 153 171 208\n peer group $ 100 $ 137 175 186 188 $ 238\n stock price performance not indicative future."
}
{
    "_id": "dd4bb3ea4",
    "title": "",
    "text": "lower sales volume cabinets divestiture arrow moores businesses unfavorable international plumbing products decreased sales two percent 2016.\n plumbing paints builders' hardware increased sales five percent 2015.\n favorable cabinets windows price increases north american windows plumbing products increased sales one percent.\n affected lower volume cabinets prices paints decreased two percent.\n increased volume plumbing windows builders' hardware.\n price increases north american.\n lower volume cabinets prices paints.\n gross profit margins 34. 2. 4. 5 percent 2017 2016 2015.\n impacted increased sales volume favorable selling prices commodity costs cost savings initiatives.\n negatively impacted increase warranty costs.\n expenses. percent 2017. 2016. 2015.\nadministrative expenses sales 2017 increased sales cost containment measures offset strategic growth investments stock-based compensation health insurance trade show costs.\n 2016 strategic growth erp system higher insurance costs.\n table operating profit millions.\n 2017 2016 2015 profit $ 1169 $ 1053 $ 914\n rationalization gain sale property equipment 2014\n profit $ 1173 $ 1075 $ 927\n. 3%\n. 6%\n profit margins 2017 2016 affected increased sales volume cost savings initiatives relationship selling prices commodity costs.\n 2017 impacted strategic growth investments stock-based compensation health insurance show.\n 2016 impacted increase warranty costs strategic growth investments erp system implementation costs higher insurance costs.\n.\n..\n.\n.\n.\n."
}
{
    "_id": "dd4bb6a78",
    "title": "",
    "text": "management net revenues equities $ 8. 26 billion 2011 2% higher 2010.\n volatility increased equity prices asia declined third.\n increase higher commissions fees higher market volumes.\n revenues securities services increased higher customer balances.\n equities execution revenues lower lower revenues shares.\n gain credit spreads borrowings $ 596 million $ 399 million $ 197 million 2011 $ 198 million 188 million $ 10 million 2010.\n services weakened global economies european sovereign debt risk banking system financial institutions.\n impacted economic prospects equity debt markets.\n downgrade credit ratings.\n financial institutions uncertainty.\n financial regulatory reform net revenues.\n operating expenses $ 12.billion 2011 14% lower decreased compensation benefits expenses lower revenues provisions litigation regulatory proceedings 550 million settlement.\n bank payroll tax nyse dmm rights $ 305 million.\n offset higher brokerage clearing exchange distribution fees higher transaction volumes equities.\n pre-tax earnings $. 44 billion 2011 35% lower 2010.\n investing origination loans.\n longer-term.\n debt securities loans public private equity securities real estate consolidated investment entities power generation facilities.\n results investing lending.\n 2012\n equity securities\n debt securities loans\n net revenues\n expenses\n pre-tax earnings\n.\n net revenues investing lending $. 89 billion $. 14 billion 2012 2011.\ncredit spreads equity prices.\n $ 408 million icbc gains $ 2. 39 billion $ 1. 85 billion debt securities revenues $ 1. 24 billion entities.\n equity markets.\n operating expenses $ 2. 67 billion.\n pre-tax earnings $ 3. 23 billion loss $ 531 million 2011.\n sachs report"
}
{
    "_id": "dd4c4f6b0",
    "title": "",
    "text": "decrease cash 2010 commercial paper repayments share issuance bm&fbovespa termination securities lending program 2009.\n offset distribution dow jones $ 607. 5 million increase share repurchases $ 548. 3 million.\n dilution issuance bm&fbovespa.\n increase cash 2009 due debt $ 2. 9 billion 2008 merger debt reductions $ 900. million.\n table debt outstanding december 31 2010.\n 2011 3-month libor.\n 2013. 40%\n 2014. 75%\n. 40%\n. 40%\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n. 2008 interest rate swap agreement variable interest obligation fixed 4. 72%72 % interest october 22 2008.\n terminated january 11 2011 loan repaid.\n march 2010 fixed rate notes due 2018.\n proceeds distribution dow jones index services.\n february 2010 interest rate swap agreement fixed 4. 46%. march 18 2010.\n maintained $ 1. 4 billion senior credit facility $ 420. 5 million term loan $ 945. 5 million revolving credit facility.\n terminated january 11 2011.\n commercial paper backed revolving credit.\n consolidated net worth $ 12. 1 billion.\n new $ 1. 0 billion-currency revolving credit facility.\n proceeds corporate purposes liquidity.\n increase $ 1. 8 billion.\n matures january 2014 prepayable.\n consolidated net worth test 30 2010 share repurchases special dividends $ 2. billion multiplied. 65.\n maintain 364-day secured line credit domestic international banks clearing house.\n temporary liquidity clearing firm default liquidity constraint default depositary disruption domestic payments system settlement.\n guaranty fund contributions.\n treasury securities government securities"
}
{
    "_id": "dd4bcce18",
    "title": "",
    "text": "added 1700 water 2000 wastewater.\n served 4200 water 1100 wastewater houston metropolitan regulated subsidiaries discontinued operations.\n amounts statistics tables refer on-going operations.\n table regulated businesses operating revenue 2013 customers estimate population served december 31 2013 operating revenues millions customers estimated population.\n new jersey operatingrevenues $ 638. 24. 6%. ofcustomers 647168 20. 1%. estimatedpopulationserved millions 2. 5 21. 7%. 7 %\n pennsylvania 571. 22. 0%. 666947. 7%. 18. 3%.\n missouri 264. 2%. 464232 14. 4%. 4.\n illinois 261. 7. 1%. 311464. 7%. 4%.\n california 209. 5 8. 1%. 173986.4%. 4 %. 2%. 2 %\n 199. 7 7%. 7 %. 1%. 1 %. 4%. 4 %\n virginia 124. 8%. 8 %. 4%. 4 %. 2%. 2 %\n 2268. 87. 5%. 5 % 2730350 84. 8%. 8 %. 3%. 3 %\n 325. 12. 5%. 5 % 15. 2%. 2 %. 7%. 7 %\n 2593. 100. 0%. % 3219499. %\n illinois-american water company.\n.\n subsidiaries georgia hawaii iowa kentucky maryland michigan new york tennessee virginia.\n 87. 5 % operating revenue 2013. 7 million customers seven states.\n no customer 10% annual operating revenue.\nnetworks facilities water supply regulated businesses operate 1500 communities 16 states.\n assets include 87 dams 80 surface water plants 500 groundwater plants 1000 wells 100 wastewater facilities 1200 water facilities 1300 pumping stations 47000 miles mains pipes.\n regulated utilities own assets.\n land assets water.\n water public trust allocated contracts rights.\n maintaining reliability key.\n infrastructure renewal programs states.\n rehabilitation replacement.\n water demands depends adequate supply.\n drought restrictions overuse"
}
{
    "_id": "dd496fd78",
    "title": "",
    "text": "credit facilities subsidiaries maintain short-term credit arrangements working capital needs.\n $ 2. 9 billion 2015 $ 3. 2 billion 2014 sole use subsidiaries.\n borrowings $ 825 million 2015 $ 1. 2 billion 2014.\n commercial paper program.\n.\n 2015 2014 no commercial paper outstanding.\n april 19 2013 program.\n increased $ 2. billion.\n paper programs.\n issuance capacity $ 8. billion.\n commercial paper program credit facilities liquidity requirements.\n trade receivables financial institutions.\n arrangements receivables without recourse.\n short-term removed from consolidated balance sheets.\n servicing non-servicing.\n cash flows receivables.\n 2014 2013 $ 888 million $ 120 million $ 146 million.\n net proceeds included consolidated statements.\nsee item 8 note 23.\n sale accounts financial statements.\n $ 28. 5 billion 2015 $ 29. billion 2014.\n debt fixed.\n item 8 note 7.\n.\n-average all financing cost 3. 0%. 2015. 2%. 2014.\n item 8 note 16.\n fair value measurements statements.\n approval board directors.\n 21 2014 filed shelf registration statement.\n securities exchange commission sell debt securities three-year period.\n debt issuances 2015 face value interest rate maturity.\n notes $ 500. 250%. % august 2015\n $. 375%. % interest payable annually february 2016.\n proceeds sale securities corporate purposes.\n-average time maturity long-term debt 10. years 2014. 5 years 2015.\n no arrangements.\n\n. dollar notes $ 500 1. 250%. 250 % august 2015 2017\n. dollar $ 750 3. 375%. 375 % august 2015 2025\n subsidiaries maintain short-term credit arrangements working capital needs.\n $ 2. 9 billion december 2015 $ 3. 2 billion 2014 subsidiaries.\n borrowings $ 825 million 2015 $ 1. 2 billion 2014.\n.\n.\n 2015 2014 no commercial paper.\n 19 2013 program.\n increased $ 2. billion.\n programs.\n issuance capacity $ 8. billion.\n paper program credit facilities liquidity requirements.\n trade receivables unaffiliated financial institutions.\n arrangements without recourse.\n short-term removed consolidated balance sheets.\n servicing non-servicing.\ncash flows impacted by trade receivables sold derecognized consolidated balance sheets outstanding unaffiliated financial institutions.\n receivables 2014 2013 were $ 888 million $ 120 million $ 146 million.\n net proceeds included in.\n 8 23.\n sale.\n $ 28. 5 billion 2015 $ 29. 5 billion 2014.\n debt fixed.\n.\n.\n weighted-average all financing cost 3. 0%. 2015 3. 2%. 2014.\n 8 note 16.\n fair value measurements.\n approval board directors.\n filed shelf registration statement.\n securities commission sell three-year period.\n debt issuances 2015 interest.\n $ 500. 250%. % 2015\n $ 750. 375%. % interest payable annually february 2016.\n net proceeds sale securities used for corporate purposes.\ntime maturity long-term debt. 8 years 2014. 5 years 2015.\n 2022 no arrangements guarantees obligations."
}
{
    "_id": "dd4973a2c",
    "title": "",
    "text": "acquisition third wave 2008 assumed operating leases corporate facility madison wisconsin effective through september 2014.\n future lease payments $ 5. million 2008.\n assumed license agreements patent rights.\n payments through 2011 $ 7. million.\n.\n table summarizes obligations.\n less 1 year 1-3 years 3-5 years 5 years\n long-term debt obligations $ 38480 109436 327400 1725584 2200900\n 58734 110973\n operating leases 18528\n purchase obligations 33176\n financing leases\n long-term supply contracts 3371\n private equity investment\n total contractual obligations $ 156571 $ 280309 454115 1811692 2702687\n $.4 million purchase obligations exclusive distribution service agreement united states sell service extremity mri systems.\n minimum inventory purchase obligations initial eighteen months.\n renegotiation market dynamics.\n merger cytyc assumed non-cancelable supply contracts.\n quality assurance sole source availability cost effectiveness components raw materials sole supplier.\n long-term supply contracts suppliers.\n minimum purchase commitment established.\n assumed private equity investment commitment limited liability partnership paid three years.\n include payable biolucent adiana earn-outs.\n working projects acquisitions strategic alliances.\n cash flow amended credit agreement funds operations next twelve months.\n longer-term liquidity contingent future operating performance financial covenants agreement.\n require additional capital fund capital expenditures acquisitions repay convertible notes.\nholders convertible notes repurchase 13 2013 15 2017 2022 2027 2032 100% accreted principal amount.\n capital requirements.\n operating performance risk factors.\n affect long- term liquidity."
}
{
    "_id": "dd4c52298",
    "title": "",
    "text": "annual report-on debt markets liquidity.\n note 9.\n cash.\n $ 231. 1 million 2007 $ 203. 4 million 2006 $ 221. 1 million 2005.\n depreciation expense $ 53. 5 million 2007 $ 48. million 2006 $ 49. million 2005.\n capital spending.\n expenditures $ 61. 9 million 2007 $ 50. 5 million 2006 $ 40. 1 million 2005.\n efficiency cost-reduction production equipment replacements.\n 2007 supply chain growth initiatives expansion manufacturing lower-cost regions emerging markets.\n cash credit facilities capital expenditure 2008.\n amortization expense $ 22. 2 million 2007 $ 3. 4 million 2006 $ 2. 7 million 2005.\n increase 2007 2006 acquisition.\n note 6 intangible.\nsnap-on stock repurchases dilution options conditions.\n 2007 repurchased 1860000 shares common stock for $ 94. 4 million.\n offset by $ 39. 2 million option $ 6. million excess tax benefits.\n 29 repurchase $ 116. 8 million common stock.\n purchase discretion subject conditions.\n repurchased 2616618 shares $ 109. million 2006 912100 $ 32. 1 million 2005.\n cash facilities share repurchases.\n 2005 repaid $ 100 million. unsecured notes.\n repayment cash.\n paid quarterly cash dividends since 1939.\n 2007 2006 2005 $ 64. 8 million $ 63. million $ 57. million.\n november 2007 increased quarterly cash dividend. to $ 0. 30 per share.\n2006 board increased quarterly cash dividend 8% $. 27 per share $ 1. 08 year.\n 2005 dividends common share $ 1. 11 $ 1. 08\n prior-year earnings 5. 5% 5. 5 %. 6%. 6 %. 2%. 2 %\n. 6 %. cash operations funds credit facilities pay dividends 2008.\n no off balance sheet arrangements december 29 2007."
}
{
    "_id": "dd4b9e068",
    "title": "",
    "text": "duke realty corporation report 2012 sold 60 acres land two transactions impairment charges $ 9. million.\n sales opportunistic not land development.\n administrative expenses increased $ 41. 3 million 2010 to $ 43. 1 million 2011.\n factors.\n.\n overhead costs.\n wholly-owned development leasing.\n allocation service operations rental operations.\n.\n increased $ 186. 4 million 2010 to $ 220. 5 million 2011.\n increased outstanding debt acquisition activities.\n $ 7. 2 million decrease capitalization interest costs properties criteria.\n no gains losses 2011.\n repurchased unsecured notes 2011 2013.\n paid $ 292. 2 million unsecured notes face value $ 279. 9 million.\n net loss extinguishment $ 16.unamortized deferred financing discounts accounting adjustments.\n 2011 recognized $ 2. 3 million acquisition costs compared $ 1. 9 million 2010.\n recognized $ 1. million gain acquisition building 50%-owned $ 57. 7 million gain 2010 50% interest.\n accounting financial statements estimates assumptions assets liabilities contingent assets liabilities revenues expenses.\n estimates subjective business market conditions continually evaluated.\n 2 policies.\n management assessed audit committee independent auditors.\n policies critical increase overhead costs 2010 due severance pay overhead reductions 2011.\n leasing activity increased wholly owned development activities.\n capitalized $ 25. 3 million $ 10. 4 million overhead costs 2011 $ 23. 5 million $ 8. 5 million 2010.\n overhead costs leasing 20. 6%.. overhead costs 2011 2010."
}
{
    "_id": "dd4bbae02",
    "title": "",
    "text": "2017 company granted 440076 shares common stock 7568 units.\n vesting two to four years.\n fair value $ 58. 7 million compensation expense.\n dividends accrued paid vests.\n granted 203298 performance shares.\n fair value $ 25. 3 million compensation expense.\n vesting contingent performance market conditions.\n table summarizes restricted stock activity 2017.\n 2016 1820578 98\n granted 650942\n vested\n cancelled\n 31 2017 1559231\n total fair value restricted stock 2017 2016 2015 $ 66. 0 million $ 59. 8 million $ 43. 3 million.\n employees acquire shares stock after-tax payroll deductions periods six.\n purchased 90% closing price nasdaq.\n compensation expense recognized.\n 2017 2016 2015 19936 19858 19756 shares stock issued employees.\n six-month holding.\n expense $ 0. 3 million 2017 $. 2 million 2016 2015.\n non-executive directors stock $ 100000.\n cash stipend $ 60000 closing price.\n 19736 26439 25853 issued directors 2017 2016 2015.\n vesting restrictions.\n $ 2. 5 million. 4 million. million 2016 2015."
}
{
    "_id": "dd4c02fa4",
    "title": "",
    "text": "devon energy corporation subsidiaries financial statements 2014 methods assumptions values tables.\n fixed-income securities.\n treasury obligations bonds asset-backed securities.\n actively traded redeemed demand.\n values based quoted market prices.\n commingled funds long-term bonds.\n treasury securities.\n not actively traded.\n based net values investment managers.\n equity securities commingled global equity fund large mid small stocks.\n redeemed not actively traded.\n based net values investment managers.\n.\n large small international.\n actively traded redeemed demand.\n based quoted market prices.\n commingled fund large capitalization companies.\n redeemed not actively traded.\n values based net asset values investment managers.\n commingled short-term investment funds.\nsecurities redeemed not actively traded.\n values based net values managers.\n devon 2019s hedge fund investments traded mutual fund long short.\n hedge fund not traded subject redemption restrictions.\n hedge fund manager.\n changes level 3 assets.\n 31 2009 $ 51\n purchases 3\n returns\n 2010\n purchases\n returns\n 31 2011 $ 90"
}
{
    "_id": "dd4bc389a",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements mexico litigation spectrasite communications .\n involved lawsuit against former mexican subsidiary sci sold 2002 merger 2005.\n lawsuit concerns terminated tower construction contract agreements wireless carrier mexico.\n primary issue sci liable mexican carrier.\n trial appellate courts found sci no liability mexican courts jurisdiction.\n intermediate appellate court new decision liability sci september 2010.\n identified potential damages $ 6. 7 million  company filed new appeal decision.\n unable determine liability sci estimate share potential liability.\n xcel litigation june 3 2010 horse-shoe capital filed complaint supreme court new york sale xcel to american tower mauritius subsidiary.\ncomplaint atmauritius ati company defendants dispute concerns timing distributions atmauritius horse-shoe $ 7. 5 million holdback escrow $ 15. 7 million tax escrow account.\n complaint seeks release holdback escrow $ 2. 8 million $ 12. million tax escrow account.\n seeks punitive damages $ 69. million.\n company filed 2010 timing.\n punitive damages meritless.\n parties filed cross-motions summary judgment 2011 court granted motion no obligation release tax escrow until 2013.\n claims pending.\n company lawsuit.\n leases land office tower space leases.\n renewal options increases lease payments.\n escalation clauses recognized.\n future rental payments renewal periods site revenues.\npayments 31 2010.\n 257971\n 254575\n 251268\n 246392\n 2015 238035\n 2584332\n 3832573"
}
{
    "_id": "dd4c63f0c",
    "title": "",
    "text": "solexa.\n 26 2007 assumed 4489686 warrants.\n 28 2008 401362 warrants exercised cash proceeds $ 3. million.\n 252164 warrants expired.\n.\n price expiration date\n. 4/25/2010\n.\n. 11\n. 1/19/2011\n. 2/15/2014\n 21359850\n warrants convertible senior notes.\n $ 400. million 2007 repurchased 11. 6 million shares common stock $ 201. million.\n 20 2007 rule 10b5-1 trading plan repurchase $ 75. million common stock six months.\n repurchased 3. 2 million shares $ 50. million.\n 30 plan expired.\n october 23 2008 authorized $ 120. million stock repurchase program.\n repurchased 3. 1 million shares $ 70.8 million plan open-market transactions rule 10b-18 securities exchange act 1934.\n december 28 2008 $ 49. 2 million authorized future repurchases.\n stockholder rights plan may 3  2001 board declared dividend one preferred share purchase right each share common stock.\n dividend payable may 14  2001 stockholders.\n right entitles purchase one unit-thousandth junior participating preferred stock $ 100 per unit.\n rights exercisable person group acquires ownership 15% common stock offer.\n right purchase shares market value two times exercise price.\n acquired merger business combination transaction right purchase shares acquiring.\n consolidated financial statements 2014"
}
{
    "_id": "dd4c47d52",
    "title": "",
    "text": "consolidated financial statements 196 jpmorgan chase co. /2014 annual report credit funding adjustments fair value instrument adjustments firm estimates reflect counterparty credit quality creditworthiness impact funding 2022 credit valuation adjustments 201d reflect credit quality counterparty derivatives.\n necessary market price not indicative credit quality.\n few derivative contracts listed exchange derivative positions valued models market parameters.\n adjustment credit quality derivative counterparty.\n firm estimates derivatives cva scenario analysis expected credit exposure estimates losses counterparty credit event.\n key inputs expected positive exposure counterparty probability default event estimated recovery rates differences risk.\n estimates derivatives cva benchmark interest rate.\n 2022 credit quality firm valuation liabilities fair value.\ndva calculation methodology consistent with cva incorporates jpmorgan chase 2019s credit spread probability default.\n estimated current fair value consistent with derivative dva methodology.\n 2022 incorporates impact funding valuation estimates.\n fair value of collateralized derivatives estimated future cash flows overnight indexed swap rate.\n 2013 implemented fva framework impact funding estimates for uncollateralized derivatives structured notes.\n framework leverages cva dva calculation methodologies considers credit risk funding costs.\n inputs expected funding requirements from positions arrangements assets estimated market funding cost liabilities hypothetical market funding cost transfer.\n fva 2013 recorded $ 1. 5 billion loss in principal transactions revenue.\n loss uncollateralized derivative receivables credit risk incorporated in valuation liabilities.\ntable provides credit funding adjustments excluding hedging activities consolidated balance sheets.\n december 31 millions 2014 2013\n derivative receivables balance $ 78975 $ 65759\n 71116 57314\n dva fva\n structured notes balance 53772 48808\n dva fva 1152\n 78975 65759 57314 cva 2674 2352 dva fva notes 53772 48808 fva balances net cva dva/fva.\n positive cva dva/fva negative.\n december 31 2014 2013 included derivatives $ 714 million $ 715 million.\n structured notes financial instruments embedded derivatives measured fair value.\n december 31 2014 2013 included $ 943 million $ 1. billion financial instruments no embedded derivative fair value option.\nelections note 4.\n december 31 2014 2013 notes 1. billion."
}
{
    "_id": "dd4b9e478",
    "title": "",
    "text": "business metrics december 31.\n billions 2003\n loan lease receivables $ 43. $ 37. 16% 16\n lease receivables 41.\n automobile origination volume 27.\n market share. 1%. 7%.\n 30+ day delinquency rate.\n charge-off ratio.\n overhead ratio\n.\n bank new york tri-state top five texas payment liquidity investment insurance credit products affluent.\n serves 326000 small businesses 433000 affluent. 6 million mass-market consumers.\n 14% increase core deposits 77% increase cross-sell chase credit products.\n mortgage home equity originations $ 3. 4 billion $. 7 billion.\n credit cards 77000 23% 23 % customers credit cards.\n compensated home finance credit card loans.\ngrowth decreased deposit spreads increased credit costs 80% decline earnings 2002.\n offset 8% increase deposits.\n revenue $ 2. 6 billion decreased.\n net interest income 11% $ 1. 7 billion lower interest rate.\n noninterest revenue decreased 6% 6 $ 927 million lower deposit fees debit card fees one-time gains.\n profits.\n operating expense $ 2. 4 billion increased 7% 7 % 2002.\n investments technology higher compensation expenses severance costs.\n largest.\n originator automobile loans leases. million accounts.\n automobile loan lease originations 10% $ 27. billion.\n loan lease receivables $ 43. billion 16% higher.\n declining sales market share improved. 1%. 2003.\n growth strategy.\n2019s car manufacturers 2003 growth increased 12700 2002 to 13700 2003.\n earnings $ 205 million 23% higher 2002.\n revenue growth improved efficiency.\n revenue 23% $ 842 million.\n net interest income 33%.\n loans leases.\n operating expense $ 292 million increased 18%.\n auto finance loans origination volume incentives.\n overhead ratio improved 36% 2002 to 35% 35 % 2003 revenue growth productivity expense management.\n credit costs increased 18% $ 205 million 32% increase loan lease receivables.\n credit quality lower net charge-off ratio 30+ day delinquency rate.\n education finance government loans higher.\n.\n origination volume $ 2. 7 billion increase 4%.\n.\n.\n.\n.\n"
}
{
    "_id": "dd4bacfa0",
    "title": "",
    "text": "consolidated financial statements 2016 ppg annual report form 10-k 1.\n accounting policies principles consolidation include accounts ppg industries.\n subsidiaries.\n.\n ppg owns 50% voting stock subsidiaries.\n subsidiaries ownership less 100% outside shareholders noncontrolling interests.\n investments ppg owns 20% to 50% 50 % voting stock operating financial policies equity method accounting.\n ppg share earnings losses equity affiliates included statement income equity.\n transactions ppg subsidiaries eliminated.\n estimates financial statements.\n estimates assumptions assets liabilities income expenses.\n include fair value assets acquired liabilities assumed purchase price.\n outcomes differ.\n revenue recognition recognizes revenue earnings process complete.\nrevenue recognized segments goods shipped risk loss customer services rendered.\n shipping handling costs reported in sales.\n shipping handling costs included in depreciation amortization.\n selling administrative costs selling customer service distribution advertising costs support finance law human resources planning.\n distribution costs storage finished goods owned leased warehouses facilities.\n advertising costs expensed as incurred totaled $ 322 million $ 324 million $ 297 million in 2016 2015 2014.\n research development employee related as incurred.\n $ 487 $ 494 $ 499\n less depreciation facilities\n $ 466 $ 476 $\n legal costs acquisition divestiture litigation environmental regulation patent trademark protection.\n.\n operations local.\n assets liabilities translated.\nyear-end exchange rates income expenses translated average exchange rates.\n unrealized foreign currency adjustments deferred loss 2019 equity.\n cash equivalents liquid valued cost fair maturity three months less.\n short-term investments high credit accrued interest maturities three months one year.\n purchases sales investing.\n marketable equity securities investment recorded fair market value assets balance sheet changes fair market value."
}
{
    "_id": "dd4970642",
    "title": "",
    "text": "performance graph shows return common stock standard&p 500 index dow jones financials index december 31 2009 2014.\n e*trade financial corporation 100. 90. 45. 50 111. 137.\n s&p 500 index 100. 115. 117. 136. 180. 205.\n dow jones financials index 100. 112. 98. 124. 167. 191.\n"
}
{
    "_id": "dd4bf55c0",
    "title": "",
    "text": "eog resources.\n financial statements capitalized costs oil gas.\n table crude oil gas december 31 2018.\n proved properties $ 53624809 $ 48845672\n unproved properties 3705207\n 57330016 52555741\n accumulated depreciation depletion amortization -31674085\n capitalized costs $ 25655931 $ 23364494\n oil gas property acquisition exploration development.\n extractive industries accounting standards.\n acquisition.\n exploration additions wells.\n development facilities."
}
{
    "_id": "dd4be7ede",
    "title": "",
    "text": "eastman notes financial statements income translation adjustment unfunded pension liability unrecognized loss service cost unrealized gains cash flow hedges losses investments balance december 31 2004 155 248 8 2 103.\n adjustment pension liability unrecognized loss service cost taxes unrealized gains cash flow hedges losses investments\n balance december 31 2004 -248 -8 -2 2 -103\n change -94 94 -7 -97\n balance december 31 2005 -255 255 ) -5 -1 -200 (\n change\n. balance december 31 2006 207 -1 -93 ( )\n adjustments. -288 -81 81\n balance december 31 2006 -288 -6 -1 -174\n.\nbalance december 31  2006 121 ( 207 ) 6 ) 1 ) 93 ) adjustments.\n 207 288 ) 81 6 ) 1 174 cumulative translation adjustment income net taxes.\n adjustment earnings subsidiaries no taxes.\n.\n compensation plans 2002 long-term compensation plan grants nonqualified stock options incentive stock options appreciation rights performance shares.\n options granted may 2 2007 purchase eastman common stock option price 100 percent per share fair market value.\n maximum 7. 5 million shares stock grants.\n compensation grants nonqualified stock options restricted shares nonemployee members board.\n first day directors initial term service annual meeting.\n options may 1 2007 purchase eastman common stock option price fair market value."
}
{
    "_id": "dd4ba74c4",
    "title": "",
    "text": "2016 significant sponsorship marketing agreements after december 31 2016 thousands.\n 2017 $ 176138\n 2018 166961\n 2019 142987\n 2020 124856\n 2021 118168\n 2022 626495\n future minimum sponsorship payments $ 1355605\n minimum compensation obligations royalty fees sponsorship agreements.\n include performance incentives product supply obligations.\n determine product supply obligations.\n depends factors playing conditions sporting events decisions.\n costs to design develop source purchase products incurred over not tracked separately.\n company agreed indemnify counterparties against claims infringement intellectual property rights.\n apply negligent willful misconduct bad faith.\n fair value indemnifications not material to financial position results operations.\n involved in proceedings commercial intellectual property disputes trade regulatory claims business.\ncompany believes proceedings routine incidental business resolution financial position results cash flows.\n february 10 2017 shareholder filed case maryland company chief executive officer former chief financial officer brian breece.\n.\n february 16 2017 second shareholder filed case defendants jodie hopkins.\n armour.\n shareholders april 21 2016 january 30 2017.\n complaints allege violations section 10 10b-5 securities exchange act 1934 20 liability officers.\n allegations concern disclosures statements"
}
{
    "_id": "dd4c2e000",
    "title": "",
    "text": "entergy corporation utility companies system energy louisiana non-exclusive franchises.\n louisiana electric franchises expire 2009-2036.\n mississippi mpsc certificates convenience necessity electric service 45 counties western mississippi.\n certificates.\n mississippi franchise fee original franchise.\n entergy new orleans provides electric gas service new orleans except entergy louisiana.\n ordinances option orleans purchase electric gas utility properties.\n entergy texas certificate convenience necessity electric 24 counties eastern texas non-exclusive franchises 65 municipalities.\n 50-year franchises.\n franchises expire 2009-2045.\n wholesale power sales.\n no distribution franchises.\n total capability leased december 31 2008.\n\n arkansas 4999 1883 1839 1207\n gulf states louisiana 3574 2240 971  363\n louisiana 5854 4685  1169\n mississippi 3224 2804 420\n new orleans 745  745 \n texas 2543  2274 269\n 1139\n 22078  14631  5118  2259\n \"owned leased capability load carrying capability conditions fuel.\n load capacity projections reviewed additional capacity.\n demand availability economy.\n summer peak load averaged 21039 mw 2002-2008.\n peak load growth flattened annual energy use.\n long-term capacity resources 3000 mw less peak period.\n met capacity shortages short-term power purchases.\n 2002 new resources portfolio"
}
{
    "_id": "dd4bd8100",
    "title": "",
    "text": "abiomed.\n subsidiaries financial statements 2014.\n acquisitions revenues third-party licensees sale ecp assets patent rights pay syscore one-half profits sale costs acquiring operating ecp $ 15. 0 million less previous milestone payment.\n ecp acquisition ais gmbh aachen innovative solutions acquired share capital ais limited liability company share purchase agreement june 30 2014 ecp ais four shareholders.\n ais holds intellectual property ecp licensed ecp.\n purchase price acquisition $ 2. 8 million cash acquisition closed abiomed acquisition ecp.\n share purchase agreement representations warranties closing conditions.\n acquisition business combination.\n purchase price allocated assets acquired liabilities assumed estimated fair values.\n acquisition-date fair value.\nacquisition value\n cash $ 15750\n contingent\n $ 21750"
}
{
    "_id": "dd4c4ae80",
    "title": "",
    "text": "generate cash indebtedness forced actions obligations.\n ability make payments refinance debt obligations depends on financial condition operating performance dividend payments subject to economic conditions regulatory approval financial business factors beyond control.\n maintain cash flows principal interest indebtedness.\n cash insufficient reduce delay investments capital expenditures sell assets seek additional capital restructure refinance indebtedness.\n alternative measures debt obligations.\n terms debt instruments may restrict alternatives.\n restructure refinance on capital markets financial condition.\n refinancing higher interest rates onerous covenants restrict business operations.\n failure make payments interest principal credit rating additional indebtedness.\n cash flows insufficient face liquidity problems dispose assets operations.\n consummate dispositions obtain proceeds meet debt service obligations.\n.\n unresolved staff comments.\nlocations december 31 2012.\n facilities leased 165000 square feet office alpharetta.\n restructuring.\n alpharetta\n arlington virginia\n menlo park\n utah new york\n chicago illinois\n facilities trading investing balance sheet management.\n leased facilities less 25000 square feet not.\n lease 30 e*trade branches 2500 to 8000 square feet.\n facilities space adequate needs."
}
{
    "_id": "dd497fd7c",
    "title": "",
    "text": "humana inc.\n financial statements 2014.\n 2019 equity dividends table dividend payments 2015 2016 2017 quarterly cash dividend policy payment.\n 2015 $. $ 170\n 2016. 172\n 2017. $ 216\n 2017 declared cash dividend $ 0. 40 per share paid january 26 2018 december 29 $ 55 million.\n future quarterly dividends board adjusted business market conditions.\n 2014 replaced repurchase authorization $ 1 billion 816 million $ 2 billion expired december 31 2016.\n shares purchased prices market securities exchange act 1934 privately-negotiated transactions share repurchase agreements regulatory restrictions volume timing.\nmerger agreement 2015 prohibited repurchasing securities without consent aetna stock options restricted stock awards.\n suspended share repurchase program.\n february 14 2017 merger agreement.\n board approved new authorization repurchases $ 2. 25 billion expiring december 31 2017.\n february 16 2017 accelerated share repurchase agreement with goldman sachs co.\n repurchase $ 1. 5 billion common stock $ 2. 25 billion repurchase program.\n february 22 2017 $ 1. 5 billion goldman sachs delivery 5. 83 million shares common stock.\n reduction to stockholders 2019 equity $ 1. 2 billion increase treasury stock. $ 300 million decrease capital settlement.\n additional.84 million shares daily volume $ 224. 81 total 6. 67 million.\n $ 300 million goldman sachs treasury stock.\n repurchased 3. 04 million shares $ 750 million $ 2. 25 billion authorization."
}
{
    "_id": "dd497a796",
    "title": "",
    "text": "2011 company recognized $ 3 million tax interest penalties $ 16 million accrued.\n 12 derivative instruments exposed market risks interest rates commodity prices.\n management uses derivative commodity instruments futures options swaps manage risks.\n risk designated.\n designates cash flow fair value net investment reduce volatility interest rates currency commodities.\n trading speculative hedging transactions.\n derivative instruments december 28 2013 2012.\n millions\n foreign currency exchange contracts $ 517\n interest rate contracts\n commodity contracts 361\n 3278\n description category fair value hierarchy financial assets liabilities 2013 2012 recurring.\n level 1 2014 assets liabilities unadjusted prices.\n commodity derivative contracts.\nlevel 2 2014 financial assets liabilities based on quoted prices.\n interest rate swaps over-the-counter commodity currency contracts.\n value interest rate swaps discounted cash flow analysis terms interest rate curve.\n commodity derivatives valued commodity index prices contract rate.\n foreign currency contracts forward rates.\n risk nonperformance counterparty credit risk.\n level 3 2014 assets liabilities based prices valuation techniques inputs unobservable significant.\n assumptions.\n level 3 assets liabilities december 28 2013 december 29  2012."
}
{
    "_id": "dd4b8b3f0",
    "title": "",
    "text": "taxes decreased 2001 utility operations virginia state.\n dominion recognized higher rates foreign earnings pretax income non fuel tax credits.\n.\n revenue $ 5940 6144 4894\n expenses\n income\n earnings per share $.\n electricity mwhrs\n transmission throughput 597\n.\n contributed $ 2. share net income $ 770 million increase $ 47 million earnings per share decrease $. 14 2001.\n lower revenue 204 million expenses 229 million income 27 million.\n taxes decreased $ 50 million.\n earnings share.\n regulated electric sales revenue increased $ 179 million.\n weather growth $ 133 million $ 41 million.\n fuel rate recoveries increased $ 65 million.\n offset fuel expense income.\nnet decrease $ 60 million economic seasonal premiums discounts.\n nonregulated electric sales revenue increased 9 million.\n dominion 2019s merchant generation fleet decreased 21 million 201 million decline lower prices operations.\n wholesale marketing utility generation decreased $ 74 million.\n.\n retail energy sales increased $ 71 million customer growth.\n electric trading increased $ 33 million price changes higher trading margins.\n nonregulated gas sales revenue decreased 351 million.\n $ 239 million decrease field services.\n decreased $ 112 million.\n $ 70 losses natural gas production.\n.\n $ 42 million decrease unfavorable price changes lower trading margins.\n offset higher trading volumes.\n gas transportation storage revenue decreased $ 44 million lower rates.\nfuel energy purchases increased $ 94 million $ 66 million dominion 2019s marketing $ 28 million utility operations.\n higher volumes.\n costs increased $ 66 million offset $ 38 million decrease fuel lower wholesale mar.\n gas decreased 245 million dominion 2019s marketing.\n 162 million declining prices 83 million lower volumes.\n decreased $ 64 million rate recoveries.\n.\n operations maintenance decreased $ 14 million $ 18 million outage costs fewer generation outages.\n depreciation expense decreased $ 11 million increased depreciation state line millstone operations.\n income decreased $ 27 million $ 14 mil investment gains millstone"
}
{
    "_id": "dd4c162a2",
    "title": "",
    "text": "debt restructurings loan concession borrower financial difficulty.\n loss mitigation activities include rate reductions principal forgiveness postponement amortization extensions minimize loss avoid foreclosure repossession.\n from borrowers discharged liability not loan obligations.\n principal charged off.\n not result full principal interest potential incremental losses.\n factored estimate.\n defaults affected future economic conditions.\n loan tdr until repaid collateral charged off.\n reserves $. 4 billion $. 5 billion at december 31 2014 2013 total tdr portfolio.\n table 67 debt restructurings.\n consumer lending $ 2041 2161\n commercial lending 542\n 2583 2739\n nonperforming $ 1370 1511\n credit\naccruing tdr loans six months performance restructured terms excluded from nonperforming loans.\n borrowers discharged liability reaffirmed obligations obligated principal interest not returned accrual status.\n table 68 loans classified tdrs change recorded investments classification 2014 2013 2012.\n tdr concessions.\n principal forgiveness accrued interest.\n write down investment charge-off.\n rate reduction reduced interest rate interest deferral.\n future interest income.\n consumer borrowers discharged obligations postponement/reduction scheduled amortization contractual extensions consumer commercial borrowers.\n multiple concessions loan.\n commercial loan portfolio.\n principal forgiveness prioritized.\n forgiveness lower interest rate postponement amortization forgiveness.\n rate reduction.\n interest rate reduction postponement amortization rate reduction.\nconcessions granted consumer loan discharge personal liability bankruptcy pnc prioritized.\n loan concessions priority commercial loan portfolio.\n pnc financial services group.\n 2013 form"
}
{
    "_id": "dd4b9ef54",
    "title": "",
    "text": ".\n bermuda re uk branch business subject taxation.\n bermuda bermuda operation uk taxation.\n if operations uk income tax financial condition results operations cash flow.\n ireland.\n holdings ireland re business subject taxation.\n.\n annual reports 10-k quarterly 10-q current 8- k proxy statements amendments internet website. everestre. com securities exchange commission.\n.\n risk factors investment securities.\n business financial condition results trading price shares decline.\n business fluctuations financial markets investment losses.\n disruptions public debt equity markets losses.\n year 31 2008 incurred $ 695. 8 million gains $ 310. 4 million unrealized losses.\n financial markets improved 2009 2010 deteriorate losses results operations equity business insurer financial strength debt ratings.\nresults affected by catastrophic events.\n exposed to unpredictable weather natural catastrophes terrorism.\n reduction operating results dividends meet obligations.\n catastrophe loss property exposures before reinsurance $ 10. million reinsurance.\n threshold $ 5. million.\n past five years pre-tax catastrophe losses reinsurance before cessions.\n 571.\n 2009 67.\n 2008 364.\n 2007 160.\n 2006 287."
}
{
    "_id": "dd4c1f924",
    "title": "",
    "text": "part i item 1 entergy corporation domestic utility companies system energy employment litigation utility companies defendants lawsuits former employees age race sex protected characteristics.\n deny liability.\n no assurance outcome estimate damages.\n two cases claiborne county mississippi 2002.\n former employees entergy.\n defendants.\n-related claims $ 53 million damages $ 168 million punitive damages.\n removed proceedings federal district jackson mississippi.\n predict outcome.\n member electric power research institute.\n.\n participates projects.\n domestic utility companies contributed $ 1. 6 million 2004 1. 5 million 2003 $ 2. 1 million 2002.\n non-utility nuclear business contributed $ 3. 2 million 2004.\n entergy.\n 2004 employed 14425 people.\n..\n.\n 1494\n gulf 1641\n louisiana 943\n mississippi 793\n orleans 403\n 2735\n nuclear 3245\n subsidiaries 277\n full-time 14235\n part-time 190\n 4900 employees electrical utility teamsters."
}
{
    "_id": "dd4ba8856",
    "title": "",
    "text": "holdings.\n 2013 10-k annual report financial statements fees partners.\n contingent payments third parties obligations expensed results achieved.\n liability contingent losses future legal costs settlements judgments liability loss.\n expenses business combinations employee termination benefits r&d agreements contract terminations consulting professional fees impairment loss disposal charges restructuring operational quality initiatives consolidated statement earnings.\n.\n 2012 2011\n impairment/loss disposal assets.\n consulting professional fees.\n employee severance retention share-based compensation acceleration.\n project personnel.\n r&d agreements.\n relocated facilities.\n distributor acquisitions.\n litigation matters.\n contract terminations.\n contingent consideration adjustments.\n accelerated software amortization.5 2013\n 7. 9 2. 8 6.\n special items $ 216. 7 $ 155. $ 75.\n loss disposal intangible assets acquired.\n fees labor quality operational excellence initiatives information system integration tax compliance resources severance termination benefits legal fees product liability.\n quality excellence initiatives company- wide quality distribution sourcing manufacturing information technology.\n 2013 2012 2011 eliminated positions management restructured closures strategic priorities.\n 170  400 500 positions affected.\n reductions incurred expenses severance benefits redundant salaries share-based compensation termination costs.\n benefits ongoing benefits.\n costs accrued.\n paid year incurred.\n dedicated project personnel expenses salary benefits travel expenses employees dedicated operational quality excellence initiatives acquired businesses.\n r&d agreements upfront payments intellectual property&d alternative.\n relocated facilities expenses moving lease expenses relocation.\n acquired.\n distributors.\n incurred costs integration.\n litigation matters costs adjustments settlement legal royalty patent commercial acquisitions.\n contract termination costs agreements integration distribution model restructuring excellence.\n terminated contracts sales agents distribution agreements.\n contingent consideration adjustments fair value obligations prior owners.\n accelerated software amortization reduction estimated life software.\n 2012 plan replace software.\n estimated useful life.\n amortization shortened life higher previous amortization.\n cash equivalents liquid investments maturity three months or less cash equivalents.\n valued at cost fair value."
}
{
    "_id": "dd4b9cad8",
    "title": "",
    "text": "commitment expiration commercial commitments millions 2013.\n 2013 2014 2015 2016 2017 2017\n credit facilities $ 1800\n receivables securitization facility 600\n guarantees 307 8 214 12 30 10\n standby letters credit 25\n commercialcommitments $ 2732 $ 632 $ 1812\n credit facility used december 31 2012.\n $ 100 million receivables securitization facility utilized debt.\n program matures july 2013.\n guaranteed obligations headquarters building equipment financings operations.\n letters credit drawn december 31 2012.\n-balance guarantees liable $ 307 million guarantees.\n liability $ 2 million fair value obligations december 2012 2011.\nentered contingent guarantees include obligations headquarters building equipment financings operations.\n final guarantee expires 2022.\n default guarantees.\n expect financial condition results operations liquidity.\n labor agreements 86% 45928 full-time employees represented 14 rail unions.\n concluded negotiations 2010 new agreements.\n agreements higher cost sharing health welfare benefits higher wages.\n current agreements until renegotiated labor act.\n next negotiations early 2015.\n inflation increase asset replacement costs.\n depreciation charges inflation-adjusted greater.\n derivative financial instruments use exposure interest rates fuel prices.\n not party to leveraged derivatives use speculative purposes.\n hedge accounting maintain effectiveness.\ndocument relationships hedging instruments items risk-management objectives strategies transactions assessing hedge effectiveness.\n changes value derivative instruments charged earnings.\n use swaps collars futures forward contracts mitigate risk interest rates fuel prices limit benefits price movements.\n risk value hedged item.\n manage credit risk high credit standards counterparties settlements.\n december 31 required collateral received hedging activities."
}
{
    "_id": "dd496d15e",
    "title": "",
    "text": "access capital markets cash requirements financial capacity liabilities.\n cash flows millions 2014 2013.\n operating activities $ 7385 $ 6823 $ 6161\n investing -4249 -3405 -3633 3633\n financing -2982 2982 -3049 -2682\n change cash $ 154 $ 369\n income 2014 increased higher tax payments.\n taxes deferred bonus depreciation.\n.\n payments past wages national labor negotiations reduced cash.\n lower tax benefits bonus depreciation increases.\n federal tax law 100% bonus depreciation 2011 50% 50 % depreciation 2012-2013.\n deferred 2011-2013 income tax expense positive cash flow.\n extended 50% bonus depreciation 2014 income tax payments.\n investments buyout long-term lease headquarters $ 261 million increase cash.\ninvestments locomotives freight cars containers facility projects.\n investments 2014 $ 99 million early buyout locomotives freight cars economic conditions.\n lower investments 2013 decrease cash 2012.\n 2012 $ 75 million buyout 165 locomotives economic."
}
{
    "_id": "dd4c32c9a",
    "title": "",
    "text": ".\n management financial condition results operations based consolidated financial statements welltower inc.\n annual report form 10-k.\n factors 2014 business risk factors.\n welltower.\n s&p 500 toledo health care infrastructure.\n invests seniors housing operators post- acute providers health systems real estate infrastructure wellness.\n investment trust owns properties-growth markets united states canada kingdom seniors housing post-acute communities outpatient medical properties.\n planning development property management services single-source solution acquiring real estate assets.\n table summarizes consolidated portfolio year december 31 2016 net operating income percentage number properties.\n-net $ 1208860. 3%. 631\n seniors housing 33. 9%. 420\n outpatient medical 380264. 8%. 262\n totals $ 2403238.\n\n excludes investments unconsolidated non-segment/corporate.\n joint venture minority partner at 100% amount.\n objectives protect capital enhance value.\n pay cash dividends increase dividend payments income portfolio growth.\n invest seniors housing health care real estate diversify investment portfolio by property type location.\n revenues from lease rentals resident fees services interest loans.\n primary liquidity distributions depend obligors rent interest payments profitability.\n difficulties results liquidity financial condition.\n monitor investments.\n asset management includes financial statements data obligor creditworthiness property inspections covenant compliance real estate taxes.\n property management division manages monitors outpatient medical portfolio tenant relations lease expirations health relationships property performance"
}
{
    "_id": "dd4b94144",
    "title": "",
    "text": "recourse repurchase obligations note 3 loan sale servicing pnc sold residential home equity loans securitization sale continuing involvement.\n recourse loan repurchase obligations transferred assets.\n multi-family loans sold fnma delegated underwriting servicing program.\n similar program fhlmc.\n assume one-third risk loss unpaid principal balances.\n 2013 2012 unpaid principal balance $ 11. 7 billion $ 12. 8 billion.\n maximum exposure $ 3. 6 billion $ 3. 9 billion 2012.\n reserve estimated losses.\n $ 33 million $ 43 million liabilities consolidated balance.\n contractual interest collateral loans value losses.\n exposure recourse obligations corporate institutional banking.\n table 152 commercial mortgage recourse obligations.\n millions\n2013 loan repurchases settlements -1 1 -8 8\n december 31 $ 33 $ 43\n residential equity repurchase obligations non-recourse repurchase obligations.\n origination covenants warranties.\n 3.\n securitization repurchase obligations transactions fhlmc indemnification repurchase losses-insured uninsured loans minimal.\n repurchase obligation activity residential mortgages banking.\n fourth quarter 2013 pnc agreements fhlmc repurchase claims loans sold 2000 2008.\n paid $ 191 million.\n repurchase obligations brokered home equity loans sold private investors.\n equity lending exposure repurchase obligations limited repurchases.\n activity non-strategic assets portfolio.\n indemnification repurchase liabilities recognized loans sold evaluated.\nadjustments indemnification repurchase liability revenue income.\n pnc home equity adjustments equity loans repurchase liability.\n noninterest income.\n pnc financial services group.\n form"
}
{
    "_id": "dd4c02568",
    "title": "",
    "text": "diluted earnings per share excludes stock options restricted stock performance units anti-dilutive.\n shares 10. 3 million. 2 million. 7 million 2016 2015 2014.\n 4. 5 million 5. 3 million shares restricted stock excluded.\n.\n cash flow cash interest income taxes.\n $ 252030 222088 197383\n income taxes refunds\n accrued capital expenditures december 31 2016 2015 2014 $ 388 million $ 416 million $ 972 million.\n non-cash investing activities $ 3834 million additions oil gas properties.\n 2014 $ 5 million property exchanges.\n.\n operations crude oil natural gas exploration production.\n standards.\nsegments components enterprise financial information evaluated by chief operating decision maker resources performance.\n eog's informal involves chairman chief executive officer officers.\n reviews decisions areas united states trinidad kingdom china.\n considers united states one segment."
}
{
    "_id": "dd4b9a36e",
    "title": "",
    "text": "agreements air products.\n.\n subsidiaries.\n right sell stock subsidiaries pricing terms.\n note 17 contingencies financial statements.\n uncertainty excluded payments from contractual obligations table.\n defined benefit plans worldwide employees.\n plans.\n.\n closed 2005 replaced with defined contribution plans.\n shift reduce volatility.\n fair market value pension assets increased to $ 3800. from $ 3239. 2012.\n projected benefit obligation $ 4394. $ 4486. 2013 2012.\n note 16 retirement benefits consolidated financial statements.\n.\n expense $ 169. $ 120. 114.\n settlements curtailments.\n discount 4. 0%. 0 %. 0%.\n rate return assets 7. 7%. 7 % 8. 0%. 0 %. 0%. 0 %\ncompensation increase 3. 8%. 8 %. 9%. 9 %. 0%. 0 %\n 2013.\n increase pension expense 100 bp decrease discount rate higher amortization.\n offset higher return 2013.\n $ 19. 12. settlement losses $ 6. special termination benefits 2013 restructuring reduction.\n.\n comparable discount rate.\n 2014 expense $ 140 to $ 145 decrease $ 5 $ 10 2013 increase discount rates mortality inflation.\n pension settlement losses $ 10 to $ 25 expected.\n $ 118 amortization losses $ 143 2013.\n gains $ 370. 65 bp increase average discount rate returns.\n gains/losses amortized pension expense.\n changes discount rate gains/losses.\n contributions benefit payments unfunded plans.\nfunded plans policy contributions benefits surpluses.\n legal funding requirements tax deductions.\n analyze liabilities demographics contributions.\n 2013 2012 cash contributions benefit payments unfunded $ 300. 8 $ 76. 4.\n 2013 voluntary contributions.\n $ 220."
}
{
    "_id": "dd4be2c5e",
    "title": "",
    "text": "clients use active passive strategies application.\n index products.\n turnover.\n institutional non-etp index assignments large low fee rates.\n net flows.\n 2012 equity aum $ 1. trillion increased $ 285. billion 18% 2011 due regional global mandates higher market valuations.\n growth $ 54. billion new business $ 3. billion new assets acquisition claymore.\n business. inflows $ 53. $ 19. ishares non-etp index accounts.\n inflows offset net outflows $ 18. billion outflows 10. 8. fundamental equity products.\n passive strategies 84% equity 16% active.\n institutional investors 62% ishares retail hnw 29% 9%.\n-end 2012 63% equity aum 28% 9% emea asia-pacific.\nblackrock fee rates fluctuate.\n half tied international markets higher rates.\n.\n fluctuations.\n equity fee rates revenues.\n income ended 2012 $ 1. 259 trillion rising $ 11. 6 billion 2011.\n $ 43. 3 billion new business $ 75. 4 billion market exchange gains $ 3. billion new assets.\n business led domestic global bond mandates inflows $ 28. 8 billion $ 13. 6 billion $ 3. 1 billion ishares offset outflows $ 2. 2 billion strategies.\n passive active strategies 48% 52%.\n institutional investors 74% ishares retail hnw 15% 11%.\n 59% 33% 8% emea asia- pacific.\n-asset changes 12/31/2011.\ndollar amounts 12/31/2011 new business acquired market app 12/31/2012\n asset allocation $ 126067 $ 140160\n target date 49063\n fiduciary\n multi-asset $ 225170 15817 26683\n $ 267. 7 billion year-end 2012 up 19% $ 42. 6 billion $ 15. 8 billion new business $ 26. 7 billion portfolio valuation gains.\n-asset bespoke mandates base equities bonds commodities risk management.\n long-only portfolios alternative investments asset allocation overlays.\n 2012 institutional investors 66% retail hnw.\n 58% 37% 5% emea asia-pacific.\n demand"
}
{
    "_id": "dd4bf241a",
    "title": "",
    "text": "management financial condition results operations liquidity capital resources growth funded by cash debt financing.\n cash operations finance receivables borrowings cash fund interest dividends new loans capital expenditures working capital restructuring activities pension plans share repurchases acquisitions.\n external funds available acceptable cost.\n 2013 long-term debt commercial paper rated baa1 p-2 a- f2 fitch ratings.\n credit arrangements sound balance sheet financial flexibility growth acquisitions.\n assurances future financing terms debt ratings.\n consolidated balance sheets.\n 2012 working capital liabilities $ 1079. 8 million increased $ 132. million from 946. million 2011.\n working capital position 2011.\n cash equivalents $ 214. $ 185.\n trade accounts receivable 2013 net 497. 463.\nreceivables 2013 323. 277.\n 62. 49.\n 404. 386. 4\n 166. 168. 3\n 1669. 1530.\n -5.\n -142. -124.\n -441. -443.\n -589. 589. -583. 583.\n capital 1079. 8 946.\n $ 214. 5 million 2012 $ 185. 6 million 2011.\n 28. 9 million increase 329. 3 million $ 73. 54. million pension plans 445. 5 million finance receivables 46. 8 million stock purchase option 27. non-strategic equity investment.\n increases offset $ 569. 6 million finance originations dividend payments $ 81. 5 million $ 79. 4 million capital expenditures repurchase 1180000 shares common stock $ 78. 1 million.\n.5 million cash equivalents 2012 $ 81. 4 million held outside united states.\n snap-on considers non.\n funds permanently invested foreign operations working capital satisfy regulatory requirements business expansion expect repatriate funds.\n operations.\n repatriation adverse tax.\n income taxes withholding taxes.\n repatriation favorable tax consequences.\n evaluates repatriate cash tax.\n 44 snap-on incorporated"
}
{
    "_id": "dd4c0c220",
    "title": "",
    "text": "inc.\n financial statements 2014 advertising costs.\n $ 440000 2003 $ 267000 2002 $ 57000 2001.\n deferred income tax impact differences financial reporting tax bases tax benefit tax loss credit carryforwards.\n tax expense net change.\n valuation allowances realizability.\n effect tax rate changes expense.\n currencies subsidiaries local currencies.\n balance sheet accounts translated.\n dollars exchange rates revenues expenses translated average exchange rates.\n gains losses foreign currency translation 2019 financial statements recorded separate equity. three employee director compensation plans note.\n.\n common stock options granted restricted stock sold employees directors intrinsic value method no compensation expense options stock sold prices equal fair value common stock.\ncompany recorded deferred stock compensation stock options restricted stock granted public offering prices below estimated fair value amortized accelerated methodology financial accounting standards board interpretation.\n net loss required.\n determined accounted employee stock options purchases fair value method.\n fair value estimated fair value option pricing model weighted-average assumptions 2003 2002 2001 risk-free interest 3. 03%. 73%. %. 65%. % dividend average volatility 103% 103 % ) 104% ( 104 % ) 119% ( 119 % estimated life.\n risk-free interest rate. 03%. 73%. 65%.\n dividend yield\n average volatility 103% 103 % 119% ( 119 %\n estimated life\n fair value options granted $ 3. 31 $ 4. 39 7."
}
{
    "_id": "dd4bcf42e",
    "title": "",
    "text": "age yrs. highway revenue equipment leased.\n yrs.\n containers 26629 28306 54935 7.\n chassis 15182 25951 41133.\n highway revenue equipment 41811 54257 96068\n network requires capital investments replacement improvement expansion.\n enhance safety transportation improve operational efficiency.\n add new locomotives freight cars replace older equipment growth reduce impact environment fuel-efficient low-emission locomotives.\n 2014 capital program $ 4. 1 billion.\n. 2015 capital plan $ 4. 3 billion expenditures ptc $ 450 million non-cash investments.\n revise business laws.\n. equipment encumbrances value $ 2. 8 billion $ 2. 9 billion at december 31 collateral capital leases equipment obligations financing.\nmerger missouri pacific railroad company uprr january 1 1997 mprr mortgage uprr maintain same value assets after merger security requirements mortgage bonds.\n mprr assets mortgage bonds approximately $ 6. 0 billion.\n collateral value maintained term mortgage bonds balance.\n environmental matters properties subject federal state local laws regulations environment.\n environmental issues governmental environmental regulation financial condition results operations accounting policies.\n legal proceedings involved legal proceedings litigation.\n assess liabilities contingencies latest information seek input third-party advisors.\n pending legal proceedings governmental authorities federal state local environmental laws regulations potential fines penalties monetary sanctions $ 100000."
}
{
    "_id": "dd4980772",
    "title": "",
    "text": "unfunded letters credit $ 1. 4 billion 2008 2007.\n amount funded insignificant no amounts 90 days past due non-accrual status 2008 2007.\n items classified trading assets liabilities consolidated balance sheet.\n changes fair value classified principal transactions consolidated statement income.\n fair-value option elected earnings credit products investments private equity real estate structured liabilities non liabilities mortgage loans elected fair-value loans unfunded products guarantees letters credit.\n highly leveraged financing.\n transactions loans unfunded products sold securitized economic risks hedged derivative instruments credit default swaps.\n fair-value option mitigate accounting mismatches operational simplifications.\n fair value not elected most lending transactions.\n table credit products fair value.\n trading assets\nconsolidated balance sheet $ 16254 $ 2315 26020 3038\n unpaid principal balance $ 6501 3 899 -5\n non-accrual loans 90 days $ 77 $ 1113 $ 186 1292\n unpaid $ 190 -4 68 2014\n $ 16254 2315 26020 3038 unpaid balance 6501 loans $ 77 1113 $ 186 1292 $ 190 68 2014 $ 72 million $ 141 million unfunded loan commitments december 31 2008 2007.\n changes value principal transactions consolidated statement income.\n interest revenue contractual interest rates trading assets.\n changes fair value december 31 2008 2007 instrument-specific credit risk loss $ 38 million $ 188 million.\n investments private equity real estate citigroup invests returns capital appreciation.\ncompany elected fair-value option ventures similar to private equity hedge fund activities reported value.\n brings consistency accounting evaluation.\n investments private equity real estate accounted fair value.\n classified on citigroup 2019s balance sheet.\n holds non investments in leveraged buyout funds hedge funds equity.\n elected-value accounting accounting complexity.\n value equivalent to fair-value accounting.\n impact on retained earnings.\n investments classified other assets balance sheet.\n changes values classified revenue.\n elected fair-value option linked to interest rates inflation currency risks.\n trading-related positions managed-value.\n classified as debt deposits derivatives balance sheet.\nstructured liabilities long-term debt fair-value option elected unpaid principal balance exceeds fair value $ 277 million 2008 $ 7 million 2007.\n change fair value reported transactions statement.\n interest expense contractual interest rates.\n elected fair-value option."
}
{
    "_id": "dd4b92402",
    "title": "",
    "text": "2017 form 10-k 115 $ 1088 million loans dealers spc liabilities $ 1106 million $ 1087 million commercial paper.\n assets spc not available cat financial creditors.\n perform guarantee losses.\n no loss loan agreement.\n financial agreements customers dealers financing.\n lines credit portion unused.\n commitments fixed expiration dates.\n not all commitments lines.\n credit policies.\n collateral extended collateral.\n unused commitments lines credit december 31 2017 2016 $ 10993 million $ 12775 million.\n unused commitments lines credit customers december 31 2017 2016 $ 3092 million $ 3340 million.\n product warranty liability historical claim rate experience field population dealer inventory.\n based warranty experience machine model size customer dealer location.\n rates updated monthly.\nliability january 1 $ 1258 $ 1354\n reduction liability payments -860 -909 ( 909\n increase liability new warranties 1021 813\n december 31 $ 1419 $ 1258\n.\n environmental legal matters regulated federal state international environmental laws emissions.\n air emissions standards internal combustion engines.\n research development capital expenditures.\n remedial activities locations other companies.\n remedial costs investigation remediation operating maintenance costs accrued against earnings.\n data technologies laws regulations prior remediation experience.\n accrue minimum.\n parties probable costs.\n amounts insurance.\n reassess accrued amounts quarterly.\n environmental remediation not material included accrued expenses.\n chance amount remedial activities required.\n january 7 2015 grand jury subpoena..\n district court central illinois.\n subpoena requests documents financial information.\n.\n caterpillar subsidiaries undistributed profits.\n movement cash.\n.\n.\n additional subpoenas purchase resale replacement parts caterpillar inc.\n.\n dividend distributions.\n.\n march 2-3 2017 department commerce federal deposit insurance corporation internal revenue service executed search seizure warrants facilities peoria illinois former corporate headquarters.\n warrants documents information export movement relationship caterpillar.\n sarl sales outside states.\n warrants grand jury investigation.\n.\n unable predict outcome estimate potential loss adverse effect results operations financial position liquidity.\n march 20 2014 council defense opinion 18 companies 100 individuals defendants two subsidiaries caterpillar inc.equipamentos ferrovi.\n caterpillar brasil.\n opinion opened investigation defendants anticompetitive bid construction metro train networks brazil.\n"
}
{
    "_id": "dd4bed046",
    "title": "",
    "text": "entergy corporation subsidiaries management financial discussion utility companies system agreement.\n note 2 financial statements.\n november 2012 utility companies filed amendments system agreement ferc section 205 federal power act.\n technical revisions allocate charges credits settlement entergy arkansas withdrawal agreement.\n lpsc mpsc puct city council protests ferc amendments viability system agreement.\n december 2013 order revisions compliance filing.\n entergy services compliance filing february 2014 ferc accepted november 2015.\n required refund report results intra-system bill rerun december 19 2013 november 30 2015 energy-based allocator losses services charges credits utility company.\n payments receipts millions.\n entergy louisiana.\n mississippi\n new orleans.\n texas.\ndecember 2013 order ferc issue settlement union pacific coal delivery issues.\n entergy arkansas participation agreement terminated december 18 2013.\n december 2014 ferc alj decision entergy arkansas benefits 2013 2008 settlement entergy union pacific coal delivery issues.\n utility companies share benefits.\n companies filed briefs 2014 decision pending ferc.\n termination 2005 2007 entergy arkansas mississippi filed february 2009 notices cancellation december 2013 2015.\n 2009 ferc accepted entergy arkansas mississippi withdraw without fee.\n appeals lpsc city council denied 2012 2013.\n december 18 2013 entergy arkansas ceased.\n november 7 2015 entergy mississippi.\ncommitments 96-month system agreement termination notice period utility companies filed 2013 amend agreement changing notice period"
}
{
    "_id": "dd4c4a566",
    "title": "",
    "text": "reconciliation unrecognized tax benefits.\n 2013 2012 2011\n balance january $ 4425 $ 4277 $ 4919\n current 320 496 695\n prior year 177\n reductions prior -747\n -259\n statute limitations -69\n balance december 31 $ 3503 $ 4425 $ 4277\n settlements.\n unrecognized tax benefits $ 3. 5 billion december 31 2013 net impact $ 3. billion.\n examination tax authorities.\n unrecognized tax benefits decrease $ 128 million 12 months audit closures settlements expiration statute limitations.\n proceedings reversal unrecognized tax benefits.\n reserves uncertain tax positions risks.\n penalties $ 319 million 2013 $ 88 million 2012 $ 95 million 2011.\nreflect impacts tax settlements.\n liabilities accrued interest penalties $ 665 million $ 1. 2 billion december 2013 2012.\n schering-plough 2007-2009 tax years.\n unrecognized tax benefits exceeded adjustments recorded net $ 165 million tax benefit 2013.\n 2010 2003-2006 tax years.\n agreement adjustment intercompany pricing.\n reduced tax credit carryforwards.\n reserves adjustments.\n resolution issue.\n 2013 out-of-period net tax benefit $ 160 million settled fourth quarter 2012 final resolution first quarter 2013.\n tax benefits exceeded settlement.\n exclusion not material financial statements.\n revenue agency proposed adjustments 1999 2000 issued assessments 2001-2004.\n 2012 settlement additional tax $ 65 million.\ncompany 2019s unrecognized tax benefits exceeded settlement recorded net $ 112 million tax benefit 2012.\n creditable.\n tax.\n reserves.\n resolution results financial position liquidity.\n 2011 irs 2002-2005 tax returns required net payments $ 465 million.\n unrecognized tax benefits exceeded adjustments recorded net $ 700 million tax benefit 2011.\n reflects offset increases"
}
{
    "_id": "dd4c3312c",
    "title": "",
    "text": ".\n cna financial corporation 2013 unpredictability law insurance underwriting difficult commercial professional liability specialty coverages.\n dodd-frank wall street reform consumer protection act expands federal insurance oversight regulatory requirements cna.\n state regulation reinsurance nonadmitted insurance.\n establishes federal insurance office.\n treasury powers insurance health long term care crop monitor insurance industry identify issues coordinate policy insurance preempt state insurance measures.\n act calls studies regulation.\n patient protection affordable care act health care education reconciliation act increase operating costs underwriting losses.\n legislation changes health care operating costs compensation long term care.\n increased use health care services complexities bills.\n new participants health care malpractice claims underwriting risk management professional liability insurance health care.\n attorneys accountants risk complexity.\nchicago ccc subsidiary cna offices.\n leases states countries.\n locations 333.\n wabash avenue 763322 chicago illinois 401 penn street 190677 pennsylvania 2405 lucien 116948 maitland florida 40 wall street new 1100 ward avenue honolulu hawaii.\n phillips avenue 83616 sioux falls dakota 600.\n pearl street 65752 dallas texas 1249.\n river road 50366 cranbury new jersey 4267 parkway 46903 aurora illinois 675 placentia avenue 46571 brea california leases space chicago.\n 333. wabash avenuechicago illinois 763322\n 401 penn 190677\n 2405 florida 116948\n york 114096\n1100 ward avenuehonolulu hawaii 104478\n 101. phillips avenuesioux falls south dakota 83616\n 600. pearl streetdallas texas 65752\n 1249. river roadcranbury new jersey 50366\n 4267 meridian parkwayaurora illinois 46903\n 675 placentia avenuebrea california 46571\n.\n 2013 unpredictability insurance underwriting difficult commercial liability.\n dodd-frank wall street reform consumer protection act federal insurance oversight regulatory requirements.\n regulation reinsurance nonadmitted insurance.\n establishes federal insurance office.\n treasury powers monitor industry identify coordinate preempt state insurance measures.\n studies regulation.\n patient protection affordable care act increase operating costs underwriting losses.\n legislation changes health care operating costs compensation long term care.\ncosts arise increased health care services complexities bills.\n new participants health care malpractice claims cna underwriting risk management professional liability insurance health care industry.\n attorneys accountants health care reform complexity legislation.\n chicago location subsidiary houses offices.\n owns leases office space united states other countries.\n office locations square feet 333.\n wabash avenue 763322 chicago illinois 401 penn street reading pennsylvania lucien way maitland florida wall street new york 1100 ward avenue honolulu hawaii.\n sioux falls south dakota.\n street dallas texas.\n river road cranbury new jersey 4267 meridian parkway aurora illinois 675 placentia avenue brea california leases office space chicago illinois."
}
{
    "_id": "dd4ba898c",
    "title": "",
    "text": "lease commitments office premises equipment non leases sublease rental income rent obligations sublease rental income net rent.\n $ 323. -40 283.\n 300. -37. 263.\n 267. -31. 236.\n 233. 208.\n 197. -20 177. 7\n 871. -33. 837.\n $ 2195. $ -188. 4 188. $ 2006.\n contingent obligations subsidiaries credit facilities media payables operating leases.\n guarantees $ 327. 1 $ 327. 9 december 31 2007 2006.\n non-payment pay.\n no material assets pledged security guarantees.\n structured acquisitions additional contingent purchase price obligations reduce risk negative future performance.\n agreements purchase additional equity interests consolidated subsidiaries.\namounts transactions based future financial performance timing foreign currency rates factors.\n liability amounts.\n contingent acquisition obligations met record value additional cost.\n recognize deferred payments purchases interests contingent future employment as compensation expense.\n determined acquisition agreements employment terms former owners.\n expense not allocated assets amortized over employment terms.\n table details estimated liability contingent acquisition obligations amount paid options.\n payments contingent operating performance targets financial statements 2014 amounts millions"
}
{
    "_id": "dd4bbab00",
    "title": "",
    "text": "hologic  inc.\n consolidated financial statements fiscal 2009.\n company responsible construction costs owner building construction asc 840 40-15-5.\n september 27 2008 recorded additional $ 4400 market value completed fiscal 2008.\n addition $ 3000 land $ 7700 2007.\n value property equipment consolidated balance sheets.\n $ 1508 accrued expenses $ 16329 long liabilities.\n lease ten years option extend two five-year terms.\n lease commenced may 2008 operations.\n complete february 2009.\n reviewed lease sale-leaseback treatment asc 840 40 sale-leaseback transactions.\n lease term costs financing leases amendment financial accounting standards board statements.\n 66 91 rescission fasb statement.\n 26 technical bulletin.\n 79-11.\nanalysis company determined lease qualify for sale-leaseback.\n building leasehold improvements liabilities remain financial statements lease term depreciated over 35 years.\n future lease payments principal interest at september 26 2009.\n 2010 1508\n 2011 1561\n 2012 1616\n 2013 1672\n 2014 1731\n 7288\n payments 15376\n interest\n $ 9282\n merger with cytyc company assumed non-cancelable lease agreement building 146000 square feet marlborough massachusetts manufacturing facility.\n 2011 option lease additional 30000 square feet.\n lessor renovations manufacturing.\n responsible for construction costs owner construction.\n $ 13200 fair market value included property equipment.\n 26 2009 recorded $ 982 accrued expenses not warranted accurate.\nuser assumes risks damages losses information law.\n past performance guarantee future results."
}
{
    "_id": "dd4be6cb4",
    "title": "",
    "text": "shareowner return performance graph material future filing securities act 1933 exchange act 1934 except.\n five year comparison shareowners 2019 returns class b common stock standard 500 index dow jones transportation average.\n quarterly stock price reinvested dividends $ 100 invested december 31 2011 500 index dow jones transportation average common stock.\n united parcel service. 100. $ 103. $ 152. 165. 154. $ 189.\n 500 index. 115. 153. 174. $ 176. $ 198.\n dow jones transportation average. $ 107. $ 151. $ 190. 158. $ 192."
}
{
    "_id": "dd4c50e34",
    "title": "",
    "text": "fin 46 subordinated notes investors financial statements.\n december 31 2006 2005 assets unconsolidated conduits were $ 25. billion $ 17. 90 billion.\n off-balance sheet commitments in note 10.\n collateralized debt obligations manage. investment purchases diversified assets.\n debt equity repayment return linked to performance assets.\n collateral manager.\n invest small debt.\n variable interest entity.\n not primary beneficiary record financial statements.\n december 31 2006 2005 assets $ 3. 48 billion $ 2. 73 billion.\n acquired transferred $ 60 million investment securities cdo.\n.\n acquire transfer investment securities cdo 2006.\n.\n equity purchased 3 million shares common stock.\n16 2006 board authorized program purchase 15 million shares common stock mitigating dilutive impact employee benefit terminated 2005 program.\n purchased 2. 8 million shares 2006 december 31 12. 2 million shares available purchase.\n third-party broker-dealers.\n shares acquired deferred compensation plans not stock purchase program.\n 31 395000 shares purchased held trust.\n recorded treasury stock.\n 2006 2005 2004 purchased recorded 5. 8 million 13. 1 million 4. 1 million average historical cost per share $ 63  $ 51 $ 43 .\n income.\n 2006 2005 2004\n foreign currency\n unrealized gain non. subsidiaries\n loss available-for-sale securities\n pension liability\n loss cash flow hedges\n$ -224 224 $ -231 ( 231 ) 92\n year 2006 gains $ 15 million securities.\n unrealized losses $ 7 million income 31 2005 deferred taxes $ 4 million.\n 38.\n 54.\n 8. 25 10. 75."
}
{
    "_id": "dd4b9d19a",
    "title": "",
    "text": "notional amounts interest rate caps december 31 2004 contractual maturity dates percentages.\n 2005 2006 amount $ 350000\n 6.\n december 31 2005 variable rate debt new american tower spectrasite credit facilities $ 1493. million refinanced october 27 2005 october 27 2010 maturity dates.\n fixed rate debt 2. 25%. convertible notes. 7. 125%. % $ 500. balance $ 501. 9 million 5. 0%. $ 275. 3. 25%. $ 152. 7. 50%. 25%. $ 400. 12 25%. $ 227. balance 2005 $ 160. 3 million allocated fair value warrants $ 7. 2 million 3.%. $ 345. balance $ 344. 4 million other debt $ 60. 4 million.\ncredit facilities payable london interbank agreement accrues base.\n average interest rate december 31 2005 4. 71% 4. 71 %.\n interest 5. 03% 5. 03 %.\n 2004 variable rate debt $ 698. million fixed rate 2. 25%. 25 %. 7. 125%. % $ 500. balance $ 501. 9 million 5. 0%. $ 275. 7 3. 25%. 25 % $ 210. 7. 50%. % $ 225. 7. 25%. 25 % $ 400. 12. 25%. 25 % $ 498. 3 million balance $ 303. million warrants $ 21. 6 million $ 274. 9 million 3.%. $ 345. balance $ 344. 3 million other debt $ 60. 0 million.\n interest facility payable london interbank quarterly accrues libor base rate.\naverage interest rate december 31 2004 4. 35%. 35 %.\n year 2004 3. 81% (. 81 % ).\n $ 175000 february 2006.\n $ 25000 september 2007.\n $ 250000 $ 100000 june july 2006.\n weighted-average.\n $ 75000 $ 75000 $ 150000 december 2009.\n $ 100000 $ 50000 october 2010.\n 50000.\n $ 50000 october 2010.\n foreign operations rental mexico brazil.\n remeasurement gain december 2005 $ 396000 losses 2004 2003 $ 146000 $ 1142000.\n changes interest rates variable rate debt $ 1493. million december 31  2005.\n 10% increase 47 points interest rates additional pre-tax charge net loss cash outflows $ 7. million.\n.\n.\n.\n"
}
{
    "_id": "dd4c2568a",
    "title": "",
    "text": "ventas inc.\n financial statements 2014.\n issuers redeem 2015 notes after june 1 2010 varying redemption prices plus accrued unpaid interest.\n prior june 1 2008 issuers redeem 35% principal amount 2010 2015 notes net cash proceeds equity offerings redemption prices equal 106. 750%. 107. 125%. principal amount accrued unpaid interest.\n redeem 2014 senior notes prior october 15 2009 redemption price 100% principal amount make-whole premium after october 15 2009 varying redemption prices accrued unpaid interest.\n redeem 2009 2012 notes redemption price equal 100% principal amount plus accrued unpaid interest make-whole premium.\nchanges control issuers repurchase senior notes equal 101% principal amount plus accrued unpaid interest s&p ratings ba3 bb- conditions repurchase obligation apply.\n 2007 121 mortgage loans $ 1. 57 billion collateralized assets.\n balances $ 0. 4 million to $ 59. 4 million.\n loans interest fixed rates 5. 4%. to 8. 5%. 15 loans balances $ 0. 4 million to $ 32. million variable rates 3. 4%. to 7. 3%.\n average annual rate fixed debt 6. 5%. variable rate. 1%.\n maturity 7. years.\n total debt $ 157. 1 million indebtedness maturities.\n 2008 193101\n 2009 605762\n 2010 282138\n 2011 303191\n 2012 527221\n 1436263\n 3347676\nvalue adjustment\n commission fees discounts\n notes 3360499"
}
{
    "_id": "dd4be123c",
    "title": "",
    "text": "marathon oil corporation financial statements exchangeable shares acquisition date.\n additional shares voting preferred stock issued adjust votes changes exchange ratio.\n acquisition western board directors authorized voting preferred stock 6 million shares.\n issued 5 million shares to trustee holds shares holders exchangeable shares.\n each share stock one vote all matters marathon common stock.\n holder direct trustee vote stock equal marathon common stock exchange.\n votes trustee stock exceed outstanding exchangeable shares.\n common stock voting preferred stock vote together single class election directors marathon matters.\n voting preferred stock no other voting rights law.\n shares no dividend distribution holder.\n liquidation dissolution marathon holder receive assets marathon.\n not convertible into other capital stock marathon cash property rights not redeemed.\n 25.\n facilities equipment land building space office production transportation equipment.\n long-term leases include renewal purchase options.\n future commitments capital lease sale-leasebacks operating obligations noncancelable terms capital obligations.\n 2010 165\n 2011\n 2012\n 2013\n 2014\n 313\n sublease rentals\n minimum lease payments $ 703 $ 909\n interest costs\n net lease payments $ 446\n capital lease obligations include $ 164 million construction december 31 2009.\n long-term debt $ 36 million.\n sales assumed leases equipment united states steel.\n default assumed obligations obligated payments leases.\n minimum lease payments $ 16 million equal amount sublease rentals."
}
{
    "_id": "dd4b96390",
    "title": "",
    "text": "new orleans.\n receivables money pool december 31.\n 2004 2003 2002 2001\n 1413 1783 9208\n money pool $. 4 million cash flow 2004 $ 1. million 2003 $ 5. million 2002.\n 4.\n decreased $. million 2004 capital expenditures turbine inspection decreased customer service spending.\n increased $ 23. million. million temporary investments construction expenditures.\n increased $ 7. million 2004 refinancing 75 million long-term debt $. million common stock dividends.\n cash increased $. 5 million 2003 common stock dividends.\n issued $ 30 million. mortgage bonds 2008 $ 70 million. bonds 2013.\n proceeds $ 30 million 7% 7 % bonds 2008 $ 40 million 8% 8 % bonds 2006 $ 30 million.65%. mortgage bonds 2004.\n issuances redemptions cash flow proceeds trust cash new orleans.\n note 5 domestic utility companies energy statements.\n construction investments debt stock maturities working capital fuel power dividend interest payments."
}
{
    "_id": "dd4b9b12e",
    "title": "",
    "text": "financial information table sikorsky results 2015.\n net sales $ 45366\n earnings 3534\n earnings per common share 11.\n diluted earnings share.\n calculated after accounting policies adjusting historical results acquisition january 1 2015.\n adjustments amortization intangible assets interest expense short-term debt.\n fair value debt issuance january 1 2015 amortization expense $ 125million interest expense $ 40million.\n adjustments elimination $ 72million pension curtailment loss $ 58 million income tax charge foreign subsidiaries.\n increase interest expense $ 110 million 2015.\n november 2015 notes issued january 1 2015.\n borrowings 364- day facility purchase price sikorsky.\n reflect cost revenue synergies integration companies.\npro forma data indicative results acquisition financing repayment 364-day facility consummated january 1 2015 future results.\n consolidation awemanagement august 24 2016 increased ownership nuclear deterrent program from 33% to 51%.\n consolidating.\n operating results include 100% sales 51% operating profit.\n equity.\n recognized 33% earnings losses no sales. recorded net earnings recognized 100% sales 51% operating profit.\n accounted acquisition.\n assets liabilities fair value. recorded intangible assets $ 243million $ 32 million net liabilities noncontrolling interests $ 107 million.\n amortized over eight years.\n recognized non-cash net gain $ 104million controlling interest $ 127 million pretax gain results space business $ 23 million tax-related items corporate office.\ngain represents value 51% interest inawe less investment deferred taxes.\n recorded income consolidated statements earnings.\n fair value intangible assets controlling noncontrolling interests determined income approach.\n divestiture information systems global solutions business 16 former is.\n multi-step process contributed is&gs business abacus innovations corporation owned subsidiary lockheed martin common stock distributed lockheedmartin stockholders exchange offer.\n exchange abacus.\n shares abacus exchanged for 9369694 shares lockheed martin. retired reducing stock outstanding 3%.\n abacus merged"
}
{
    "_id": "dd4b8db3c",
    "title": "",
    "text": "shareowner return performance graph securities exchange commission incorporated future filing securities act 1933 1934.\n five year comparison shareowners 2019 returns class b common stock standard 500 index dow jones transportation average.\n quarterly stock price reinvested dividends $ 100 invested december 31 2005 500 index dow jones average common stock.\n return $ 40. 60. 80. 100. 120. 140. 160. 201020092008200720062005 s&p 500 ups.\n 12/31/05\n united parcel service. 100. 101. 98. 78. 84. 110.\n 500 index. 115. 122. 76. 97. 111.\n dow jones transportation average 100. 109. 111. 87. 103. 131."
}
{
    "_id": "dd4b920e2",
    "title": "",
    "text": "company elected fair-value option interest-rate risk hedged derivative contracts proceeds assets.\n accounting mismatches operational simplifications.\n positions reported short-term borrowings long-term debt balance sheet.\n majority non-structured liabilities fair-value option citi-advised structured investment vehicles consolidated fourth quarter 2007.\n change earnings $ 2. 6 billion 31 2008.\n aggregate fair value $ 263 million lower unpaid principal balance.\n unpaid principal balance exceeds fair value $ 97 million 2008 $ 112 million december 31 2007.\n $ 1. 2 billion year 2008.\n transactions.\n interest expense measured contractual interest rates.\n elected fair-value option fixed-rate adjustable-rate first mortgage loans.\n hedged derivative instruments.\ncompany elected fair-value option accounting mismatches operational simplifications.\n not loans held-for-investment not hedged.\n effective instruments originated purchased after september 1 2007.\n table mortgage loans fair value millions december 31 amount $ 4273 $ 6392 unpaid principal $ 138 $ 136 non loans 90 days past $ 9 $ 17 unpaid principal $ 2 changes fair values reported.\n changes fair value december 31 2008 credit risk $ 32 million loss.\n change value 2007 immaterial.\n interest income measured contractual interest rates income.\n fair-value accounting 155 156 hybrid instruments assets linked risks interest rate inflation.\n elected fair-value accounting residual interests securitizing assets.\n trading-related managed.\naccounting simplified fair-value approach eliminates derivatives contracts.\n hybrid financial instruments classified as trading assets loans deposits liabilities short-term borrowings long-term debt balance residual interests in securitizations trading assets.\n-value unpaid principal exceeds fair value $ 1. 9 billion december 31 2008 exceeds principal balance $ 460 million 2007.\n difference immaterial.\n changes fair value accrued interest recorded in transactions.\n interest accruals recorded separately from.\n at fair value.\n determined using option-adjusted spread valuation approach.\n cash flows interest-rate scenarios risk-adjusted rates.\n assumptions mortgage prepayment speeds discount rates.\n affected by changes mortgage interest rates.\ncompany hedges msrs interest-rate derivative contracts forward- purchase commitments mortgage-backed purchased securities.\n note 23 page 175.\n totaled $ 5. 7 billion $ 8. 4 billion 2008 2007 classified mortgage servicing rights citigroup balance sheet.\n changes value recorded commissions fees income.\n millions december 31 2008 2007\n carrying amount $ 4273 $ 6392\n unpaid principal balance $ 138\n non-accrual loans $\n fair-value option interest-rate risk hedged derivative contracts proceeds assets.\n accounting mismatches operational simplifications.\n positions short-term borrowings long-term debt.\n majority liabilities fair-value option citi-advised structured investment vehicles consolidated 2007.\n change earnings $ 2. 6 billion december 31 2008.\n non-structured liabilities fair value $ 263 million lower unpaid principal balance december 31 2008.\n-value option unpaid principal balance exceeds fair value $ 97 million 2008 principal $ 112 million 2007.\n change value $ 1. 2 billion year 31 2008.\n change reported transactions.\n interest expense measured contractual interest rates.\n citigroup elected fair-value option fixed-rate-rate first mortgage loans sale.\n.\n accounting mismatches operational simplifications.\n not elected loans held-for-investment.\n effective instruments originated after september 1 2007.\ntable mortgage loans fair value millions december 31 amount balance sheet $ 4273 $ 6392 fair value unpaid principal balance $ 138 $ 136 non-accrual loans 90 days past due $ 9 $ 17 unpaid principal balance $ 2 $ changes values reported 2019s statement.\n changes fair value december 31 2008 risk $ 32 million loss.\n change fair value 2007 immaterial.\n interest income measured contractual interest rates income statement.\n fair-value accounting sfas 155 156 hybrid financial instruments assets linked risks interest rate inflation.\n fair-value accounting residual interests securitizing assets.\n trading-related managed.\n accounting simplified eliminates derivatives contracts.\nhybrid financial instruments classified assets loans deposits liabilities short-term borrowings long-term debt balance sheet residual interests securitizations trading assets.\n fair-value accounting 155 long-term debt unpaid principal exceeds fair value $ 1. 9 billion december 31 2008 balance $ 460 million 2007.\n difference immaterial.\n changes fair value accrued interest recorded in transactions income.\n accruals recorded separately.\n accounts fair value sfas 156.\n option-adjusted spread valuation approach.\n risk-adjusted rates.\n prepayment speeds discount rates.\n affected by changes interest rates.\n hedges values interest-rate derivative contracts forward- purchase commitments mortgage-backed purchased securities.\n note 23 page 175 accounting reporting.\n $ 5. 7 billion $ 8.4 billion 2008 2007 mortgage rights citigroup balance.\n changes value recorded commissions fees income."
}
{
    "_id": "dd4c548ea",
    "title": "",
    "text": "2019s scenario analyses.\n comprehensive capital analysis review dodd-frank stress tests resolution recovery planning.\n capital management regulatory capital.\n scenarios cover short long- term macroeconomic firm- specific assumptions.\n longer-term balance sheet management strategy assets funding equity capital.\n maintaining funding liquidity capital stressed environment.\n sheet consolidated statements financial condition.\n assets businesses non-gaap.\n assets management risks assess liquidity.\n table balance sheet allocation.\n millions december 2014\n core liquid assets 182947 184070\n cash 7805\n 190752\n secured client financing 210641 263386\n inventory 230667\n financing agreements 74767\n receivables 47317\n institutional client services 352751 374726\n public equity\n private equity 17979\n 24768\nloans 28938 14895\n 3771 2310\n investing lending 79497 61023\n inventory 432248 435749\n 22599\n 856240 911507\n.\n $ 18. 24 billion $ 15. 76 billion 2014 2013 direct loans corporate wealth management clients fair value.\n.\n note 9 consolidated financial statements.\n.\n liquid assets.\n liquidity cash outflows collateral needs stressed environment.\n 201cliquidity risk management.\n cash balances currencies jurisdictions liquidity.\n.\n collateralized financing margin loans securities borrowed resale agreements government obligations.\n segregate cash securities regulatory requirements.\n short-term accounted fair value daily margin credit risk.\n.\n inventory market-making fixed income equity currency commodity products.\nenter resale borrowing arrangements.\n receivables services relate securities transactions.\n.\n make investments originate loans.\n longer- term.\n debt securities loans public private equity securities real estate.\n.\n less liquid non- financial property leasehold equipment goodwill intangible assets tax-related receivables equity investments sale miscellaneous receivables.\n sachs 2014 annual report"
}
{
    "_id": "dd4bfb420",
    "title": "",
    "text": "7a.\n disclosures market risk millions exposed to market risks interest rates foreign currency balance sheet items.\n use derivative instruments manage risks.\n derivative instruments risk management tools not trading speculative.\n exposure risk fair market value cash flows debt obligations.\n majority debt 86% 86 % 94% 94 % ) december 31 2018 2017 bears interest fixed rates.\n debt variable interest rates 10% increase decrease not material interest expense cash flows.\n fair market value debt sensitive changes interest rates impact 10% change interest summarized.\n.\n -91.\n.\n used interest rate swaps risk management exposure.\n swaps outstanding december 31  2018.\n $ 673. 5 cash equivalents marketable securities 31 conservative short-term bank deposits securities.\ninterest income investments subject to domestic foreign interest rate movements.\n 2018 2017 interest income $ 21. 8 $ 19. 4.\n 100 basis-point increase interest rates income $ 6. 7 cash equivalents securities impacted balances constant.\n subject to translation transaction risks.\n.\n changes exchange rates affect revenues expenses.\n foreign operations.\n euro british pound.\n adversely argentine peso brazilian real.\n.\n dollar 10% operating income 4% ( 4 % currencies international revenue expenses constant.\n operations local currency.\n assets liabilities translated at exchange rates revenues expenses average exchange rates.\n translation adjustments recorded loss balance sheets.\n foreign subsidiaries collect revenues pay expenses in functional currency.\n subsidiaries may transactions in currencies other.\nassets liabilities in susceptible to movements until settlement.\n transaction gains losses included in office general expenses.\n review foreign exchange exposures use"
}
{
    "_id": "dd4bd5fb8",
    "title": "",
    "text": "contract start-up costs.\n 2018 2017 incurred $ 5. million $ 8. 2 million.\n meet capitalization criteria new revenue recognition standard.\n tax act.\n 22 2017.\n reduced.\n federal corporate tax rate 35% to 21% %.\n amounts deferred taxes uncertain tax positions one-time transition tax.\n reduced tax provision $ 463. million.\n adjusted amounts tax.\n increased tax provision $. 3 million.\n insurance recovery.\n collected insurance recovery $ 40. million bridgeton landfill remediation expenses.\n incurred $ 12. million costs insurance recovery.\n revenue growth reducing costs.\n earnings cash flow return invested capital.\n efficient capital structure investment grade credit ratings increasing cash.\n economic conditions changes 2019.\n 2019 increase. 25 75%.75 % increase.\n average yield 2. 75%. %\n volume. 25\n energy services\n fuel recovery fees.\n recycling processing commodity sales. 25 5\n acquisitions divestitures.\n change 4. 25 to. 75%. 75 %\n changes price restricted 50% annual service revenue.\n pricing arrangements tied fluctuations consumer.\n varies.\n pricing resets lags 6 to 12 months revised pricing.\n changes not manifest pricing future."
}
{
    "_id": "dd4bd5c0c",
    "title": "",
    "text": "asset committee monitors commercial nonperforming uncertain repayment terms.\n loans totaled $. 2 billion 2014 2013.\n totaled $ 34. 7 billion 2014 17% ( 17 % ) total loan portfolio.\n $ 20. 4 billion 59% ( 59 % ) variable-rate home equity $ 14. 3 billion 41% 41 % closed-end home equity loans.\n 3% ( 3 % ) portfolio nonperforming 2014.\n first lien 51% ( ) portfolio first lien 2% ( 2 % ).\n remaining 47% ( 47 % ) secured by second liens.\n credit performance superior.\n position information based origination.\n not notified senior lien position.\n lien status junior lien less available.\n notified junior lien position added after first.\nupdated information for junior senior liens from external sources pnc contracted with third-party updated loan lien collateral data from.\n track borrower performance monthly original ltvs fico scores semi-annually credit metrics quarterly including historical performance of mortgage loans.\n information used for internal reporting risk management.\n population into pools based on product type.\n home equity portfolio based delinquency modification status bankruptcy status same borrower.\n non-impaired loans utilize delinquency roll-rate methodology.\n allowance based incurred losses not losses.\n estimates transition loan balances from delinquency.\n based on pnc loss experience for each.\n home equity pools contains first second liens.\nratio first to second lien loans consistent charge-off amounts include losses.\n variable-rate home equity lines of credit seven or ten year draw period 20-year amortization term.\n borrowers pay interest.\n interest less risky principal interest payments.\n risk loan terms.\n balances december 31 2014 table equity lines draw periods.\n home equity lines 2013 draw period millions interest principal interest.\n 2015 1597 541\n 2016 1366\n 2017\n 2018\n 2019 3880 5391\n $ 10349 $ 7778\n includes home equity lines credit 2015 or.\n $ 154 million $ 48 million $ 57 million $ 42 million $ 564 million home equity lines with balloon payments draw periods 2015 2016 2017 2018 2019.\n.\n10-k"
}
{
    "_id": "dd4bde3c0",
    "title": "",
    "text": "consolidated financial statements union pacific corporation subsidiary companies references subsidiaries railroad company 201crailroad.\n.\n class i railroad.\n network 31868 route miles pacific gulf coast ports midwest eastern.\n gateways mexican gateways.\n own 26020 miles operate remainder trackage rights leases.\n serve western two-thirds country coordinated schedules carriers freight atlantic pacific coast southeast southwest canada mexico.\n export import traffic gulf coast pacific coast ports mexican canadian borders.\n railroad subsidiaries affiliates reportable operating segment.\n net financial results segment.\n freight revenue commodity group 2012 2011 2010.\n agricultural\n automotive\n chemicals\n coal\n industrial products\nintermodal 3955 3609 3227\n freight revenues $ 19686 $ 18508 $ 16069\n 1240 1049 896\n operatingrevenues $ 20926 $ 19557 $ 16965\n revenues customers. outside.\n commodity mexico.\n $ 1. 9 billion 2012 $. 8 billion 2011 $. 6 billion 2010.\n consolidated financial statements accounting principles.\n.\n.\n union pacific corporation subsidiaries.\n investments affiliated companies 50% equity method.\n intercompany transactions eliminated.\n no majority-owned investments consolidation variable interest.\n equivalents maturities three months less.\n receivable reduced allowance doubtful accounts.\n historical losses credit worthiness economic conditions.\n other assets."
}
{
    "_id": "dd4bf1722",
    "title": "",
    "text": ".\n morgan chase.\n.\n.\n 2003 annual report $ 41. billion.\n reduced lower volume commercial loans spreads investment securities.\n trading-related net interest income $ 2. 1 billion up 13% 13 % 2002 growth trading assets.\n interest-earning assets 2003 $ 590 billion up 6% 6 % prior year.\n net interest yield. 10%. 09%. prior year.\n noninterest expense 31.\n compensation expense 11695 6 %\n occupancy expense\n technology communications\n settlement litigation\n merger restructuring costs\n noninterest expense $ 21688 22764\n technology communications expense 2003 11% above prior-year level.\n due shift outsourcing agreement.\n higher costs software amortization.\nibm outsourcing agreement support units page 44.\n other expense 2003 rose higher outside services.\n note 8 page 96.\n settlement litigation reserve added $ 100 million enron-related litigation reserve 2003 $ 900 million reserve 2002.\n enron.\n $ 400 million settlement enron surety litigation.\n merger restructuring costs recorded expense categories.\n $ 1. 2 billion nonoperating expenses. note 8 pages 95 201396 merger restructuring costs summary 2003 2002.\n credit losses 2003 $ 2. 8 billion lower 2002 commercial loan portfolio higher credit card securitizations.\n risk net charge-offs loan portfolios allowance credit losses pages 63 201365.\n income tax expense $ 3. 3 billion 2003 $ 856 million 2002.\neffective tax rate 2003 33% compared 34% 34 % 2002.\n income.\n compensation expense 2003 6% higher prior.\n higher performance incentives pension postretirement costs actuarial assumptions.\n 6 pages.\n incentives $ 266 million adopting sfas 123 $ 120 million reversal 2002 expenses awards.\n compensation expense declined transfer 2800 employees ibm.\n full-time employees december 31 2003 93453 94335.\n occupancy expense $ 1. 9 billion rose 19% 19 % 2002.\n leased space higher real estate taxes enhanced safety measures.\n unoccupied excess real estate $ 270 million $ 120 million 2002."
}
{
    "_id": "dd4baf840",
    "title": "",
    "text": "part iii item 10.\n directors executive officers corporate governance see 201celection directors board governance 16 beneficial ownership reporting compliance proxy statement 2015 annual meeting.\n filed 120 days fiscal year.\n executive officers part i report pages 11 - 12.\n item 11.\n executive compensation compensation committee report insider participation proxy statement 2015 annual meeting.\n item 12.\n security ownership beneficial owners management stockholder matters proxy statement 2015 annual meeting.\n table information december 31 2014 equity plans category number securities issued outstanding options warrants rights weighted-average exercise price number securities future issuance equity compensation plans excluding securities plans. 4903018 item 13.\nrelationships transactions director independence 13 transactions governance proxy statement 2015 annual meeting.\n 14.\n accounting fees services 201caudit non-audit fees 201cpolicy audit committee approval accounting firm proxy statement 2015 annual meeting.\n plan category issued options warrants rights weighted-averageexercise price issuance compensationplans\n equity compensation plans security holders 1233672 $ 75. 4903018\n part iii item 10.\n directors executive officers corporate governance 201celection directors 201cnominees election board directors governance 16 beneficial ownership reporting compliance proxy statement 2015 annual meeting.\n filed 120 days fiscal year.\n executive officers part i report pages 11 - 12.\n.\ncompensation item 11 see compensation committee report insider participation proxy statement 2015 annual meeting.\n item 12.\n security ownership beneficial owners management stockholder matters proxy statement 2015 annual meeting.\n table december 31 2014 equity plans category securities issued options warrants rights weighted-average exercise price securities future issuance compensation plans excluding 1233672 $ 75. 93 4903018 item 13.\n relationships transactions director independence transactions 201d governance proxy statement 2015 annual meeting.\n item 14.\n accounting fees services 201caudit non-audit fees audit committee approval audit services public accounting firm proxy statement 2015 annual meeting."
}
{
    "_id": "dd4b924de",
    "title": "",
    "text": "2022 derivative losses $ 13 million.\n risk solutions advisor insurance reinsurance broker risks negotiation insurance.\n partners benefits talent financial challenges business performance human capital retirement investment management health care compensation talent management strategies.\n.\n years december 31, 2011 2010\n revenue $ 6817 $ 6423 $ 6305\n operating income 1314 1194 900\n operating margin 19. 3%. 6%. 3%.\n demand property casualty insurance rises economic activity increases falls decreases commissions fees.\n employment corporate revenue asset values.\n 2011 improvement pricing market.\n premium rates decrease commission revenues increased competition underwriting capacity.\n changes premiums insurance brokerage industry premiums.\n 2011 pricing stabilization retail reinsurance brokerage trend 2012.\n2008 2011 faced conditions disruptions global economy credit risk deterioration financial markets.\n reduced demand brokerage products operational results.\n risk solutions generated 60% revenues 2011.\n fees commissions insurance investment income.\n revenues vary renewals business services influenced interest rates.\n operate competitive industry compete insurance brokerage firms brokers agents writers.\n address product development risk management needs commercial enterprises professional groups insurance companies governments health care providers non-profit groups provide products professional liability life disability"
}
{
    "_id": "dd4b92a2e",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries net revenues line item.\n 2018 2017 2016\n investment banking $ 7862 $ 7371 $ 6273\n investment management 6514 5803 5407\n commissions fees 3199 3051\n market making 9451 7660\n transactions 5823 5913 3382\n-interestrevenues 32849 29798 28203\n income 19679 13113 9691\n expense 15912 10181\n income 3767 2932 2587\n revenues $ $ 32730 $ 30790\n investment banking financial advisory underwriting assignments derivative transactions.\n.\n management wealth advisory high-net-worth.\n.\n commissions fees transactions stock options futures exchanges over-the-counter.\n.\n market making interest rate credit mortgages currencies commodities equity.\n.\nprincipal transactions investing origination loans.\n consolidated investments.\n.\n credit losses separate consolidated statements earnings.\n conformed current.\n.\n 2018 market- making activities higher volatility improved client activity.\n mergers acquisitions increased underwriting transactions decreased.\n company-specific events sales corporate performance investments public equities reflected losses equity prices decreased.\n investment management assets supervision increased inflows liquidity products fixed income equity assets offset depreciation assets.\n market-making banking activity assets prices net revenues.\n results.\n higher asset prices tighter credit spreads underwriting investment management transactions.\n low volatility equity fixed income currency commodity markets activities.\n 2018 versus 2017 net revenues $ 36.billion 2018 12% higher 2017 higher market net interest income higher investment management banking.\n.\n banking $ 7. 86 billion 7% higher 2017.\n financial advisory higher mergers acquisitions.\n underwriting higher equity underwriting public offerings lower debt underwriting decline leveraged finance.\n investment management $ 6. 51 billion 12% 12 % higher higher incentive fees.\n higher assets revenue recognition standard offset client assets strategies.\n note 3 financial statements.\n contracts. 2018"
}
{
    "_id": "dd4b91f52",
    "title": "",
    "text": "discount rate assumed discount rate retirement benefit plan expense obligations interest rate future cash flows.\n discount rate determined bonds outflows future benefit payments.\n benefit payments contingent on terms plan participant demographics age mortality.\n bonds denominated.\n dollars rated aa or better by two agencies minimum outstanding issue $ 50 million not callable convertible index linked.\n bond yields beyond 30 years rates constant.\n average discount rate for pensions 5. 23%. 84%.\n other postretirement benefits 4. 94%. 58%.\n expected long-term rate of return net periodic expense based on historical returns asset allocations investment policy duration future performance inflation trends portfolio volatility risk management strategies.\n.\n reduced long-term rate assumption from 8. 50%.50 % 2011 expense 8.%. 2012.\n decrease expected return assets related lower bond yields updated return assumptions equities.\n assets obligations return pension assets based fair value assets year.\n increase decrease 25 points discount rate long-term rate return assumptions impacts pensions millions 2012 expense 31 2011 obligations.\n 25 point decrease discount rate\n increase\n decrease return assets.\n increase return.\n differences experience assumptions affect retirement benefit plan obligations funded status.\n gains losses deferred accumulated income.\n unrecognized amount amortized 10% plan benefit obligation assets.\n amortization period gains losses estimated average service life 10 years.\n retirement benefit plan costs assigning costs specific periods.\n liability cost recognition different.\ndrivers cas pension expense include funded status method reimbursement expected long-term return assets.\n unlike fas requires discount rate with return.\n bond interest rates impact cas.\n allocate pension costs until fully funded.\n update estimates costs annually based asset returns census data.\n key driver difference fas cas expense adjustment pattern earnings expense recognition gains losses asset liability experiences assumptions.\n net gains losses exceeding 10% corridor amortized"
}
{
    "_id": "dd4c4c636",
    "title": "",
    "text": "shareowner return performance graph material future filing securities act 1933 exchange act 1934.\n five year comparison shareowners 2019 returns class b common stock standard 500 index dow jones transportation average.\n quarterly stock price reinvested dividends $ 100 invested december 31 2007 standard 500 index dow jones transportation average class b common stock.\n/31/2007\n united parcel service. $ 100. $ 80. 86. 112. 116. $ 121.\n standard poor 500 index. 63. 79. 91. 93. $ 108.\n dow jones transportation average. 78. 93. 118. 127."
}
{
    "_id": "dd4bd65e4",
    "title": "",
    "text": "ordinary course business geologic trends prospective economics allowed lease acreage expire may allow additional.\n production not established leases undeveloped acreage next three years.\n plan continue terms licenses concession areas or retain leases operational administrative actions.\n undeveloped acres expiring 2013 2014 2015\n. 189 130\n canada\n north america\n.\n europe\n worldwide 1294 441\n marketing midstream e&p segment marketing transportation liquid hydrocarbon natural gas production.\n sale commodities storage production.\n balance sales storage transportation supply optimization purchase commodities third parties.\n commitments flexibility product types delivery points.\n own operate gathering systems midstream assets production areas.\n evaluating investments midstream infrastructure third-party systems.\ncommitted deliver crude oil natural gas contracts.\n eagle ford liquid hydrocarbon production.\n 54 mbbld mid-2017.\n production rates reserves monetary shortfall penalty third-party.\n 20 percent interest aosp oil mining joint venture alberta.\n produces bitumen upgrades crude.\n mining extraction assets near fort mcmurray alberta muskeg river jackpine mines.\n capacity 255000 51000 barrels bitumen per day.\n base expansion fort saskatchewan northeast edmonton alberta.\n leases 216000 43000 acres.\n leases royalties payable alberta.\n five year aosp expansion 1 completed 2011.\n jackpine mine production 2010 oil sands ore fourth.\n upgrader expansion second quarter 2011.\ncrude oil sales 2012 47 mbbld royalty production 41 mbbld.\n phase debottlenecking approved 2011 2013.\n expansions approvals 2014.\n aosp operations oil sands open-pit bitumen crude oils.\n mined truck shovel mining.\n crushers rotary breakers.\n combined water slurry.\n"
}
{
    "_id": "dd4c17616",
    "title": "",
    "text": "entergy louisiana subsidiaries income increased $ 175. million settlement 2010-2011 audit $. million reduction income tax expense.\n lower operation expenses higher net revenue income.\n offset higher depreciation amortization expenses interest nuclear refueling outage expenses.\n 2015 income increased $. million higher net revenue lower income tax.\n fuel gas power expenses regulatory charges.\n analysis change net revenue 2016 2015.\n.\n 2015 net revenue $ 2408.\n retail electric price.\n transmission equalization.\n.\n financing savings obligation.\n.\n 2016 net revenue $ 2438.\n retail electric price variance increase formula rate plan revenues 2016 power blocks 3 4 union power station.\n note 2 financial statements.\ntransmission equalization variance due investments exit.\n volume/weather variance weather residential sales offset industrial usage volume unbilled period.\n"
}
{
    "_id": "dd4beb840",
    "title": "",
    "text": "7.\n management financial condition results business financial condition performance.\n past performance current financial outlook.\n financial statements data.\n 2017 results solid results north america best resource plays superior execution capital allocation financial strength.\n 90-day production rates.\n investments data predictive analytics artificial intelligence industry-leading well productivity performance wells.\n commodity prices increased earnings cash flow.\n $ 2. 7 billion cash $ 2. 9 billion credit.\n no debt maturities until 2021.\n financial strength $ 415 million $ 1 billion asset divestiture program.\n closing divestitures 2018.\n accelerate investment.\n.\n increasing drilling activity production high-margin products.\n technical work capital allocation efficiency productivity.\n value base production operational efficiencies.\n activity cash flows.\n capital-efficient cash-flow expansion.\nfinancial performance 2017 summarized.\n increased commodity prices production expenses improved performance 2016.\n details operations 2013 2017.\n.\n net earnings devon 2017 $ 898 +185% +185 % 2016 $ -1056 +92% +92 % 2015 $ -12896\n earnings diluted share devon $ 1. 70 +181% +181 % -2. 09. +93% +93 %. 72.\n earnings $ 427 +217% +217 % $ -367 - 430% %\n share. 81 +210% +210 %. - 382%.\n - 4% - 3%\n - 11% - 10%\n $ 25. 96 +39% +39 % $ 18. - 14% 21.\ncash flow 2909 +94% 1500 - 69% 4898\n expenditures 2937 - 25% 3908 - 32% 5712\n 481 - 8% 525 - 19% 650\n equivalents 2673 1959 - 15% 2310\n debt 10406 +2% 10154 - 22% 13032\n reserves 2152 +5% 2058 - 6%"
}
{
    "_id": "dd4b8fd10",
    "title": "",
    "text": "2 8 stock performance graph series a b c september 18 december 31 2008 compared standard poor 2019s 500 index peer group index walt disney time warner. cbs corporation viacom.\n news corporation scripps network interactive.\n assumes $ 100 invested september 18 2006 subsequent dividends reinvested additional shares.\n 18 december 31.\n $ 100. $ 103. $ 102. 53\n. 105. 78.\n. 88. 83.\n. 96. 74.\n. 92. 68.\n"
}
{
    "_id": "dd4c0831e",
    "title": "",
    "text": "investing 2013 included $ 38. 2 million acquisition challenger.\n note 2 financial statements.\n capital expenditures 2013 2012 2011 totaled $ 70. 6 million $ 79. 4 million $ 61. 2 million.\n safety quality customer connection innovation initiatives.\n growth initiatives.\n product efficiency safety cost reduction initiatives manufacturing.\n 2012 fourth factory kunshan facility.\n product efficiency safety cost reduction production machine tooling replacements distribution equipment.\n replacement systems corporate headquarters research development facilities kenosha wisconsin.\n cash capital expenditure requirements 2014.\n $ 137. 8 million 2013 $ 127. million 2012 $ 293. 7 million 2011.\n repayment $ 200 million unsecured 6. 25%. notes maturity.\n proceeds stock purchase option plan exercises totaled $ 29.million 2013 $ 46. 8 million 2012 $ 25. 7 million 2011.\n snap-on stock repurchases dilution.\n 2013 repurchased 926000 shares $ 82. 6 million.\n repurchase $ 191. 7 million.\n purchase discretion subject financial conditions.\n repurchased 1180000 shares $ 78. 1 million 2012 628000 shares $ 37. 4 million 2011.\n cash credit facilities share repurchases.\n paid quarterly cash dividends since 1939.\n 2013 2012 2011 $ 92. million $ 81. 5 million $ 76. 7 million.\n 2013 increased quarterly cash dividend. 8%. $ 0. 44 per share $ 1. year.\n dividends 2013. 44 $ 38 first three quarters.\n 2012 $. 38 $ 34.\n 2011 $.34 share fourth quarter. 32 first three quarters $ 1. 30 share year.\n 2013 2012 2011\n dividends common share $ 1. 58 1. 40. 30\n prior-year earnings 4. 5% 4. 5 %. 4%. 4 % 7%. 7 %\n earnings. 5%. % cash operations credit facilities pay dividends 2014.\n no off-balance-sheet arrangements 2013.\n"
}
{
    "_id": "dd4bef1ca",
    "title": "",
    "text": "consumer lending 70% citi holdings includes citigroup north american mortgage business retail partner cards western european cards retail banking citifinancial america finance businesses.\n student loan corporation discontinued second half 2010.\n $ 252 billion assets $ 226 billion north america.\n $ 129 billion.\n mortgages citimortgage citifinancial.\n north american assets residential mortgage loans retail partner card loans personal loans commercial real estate consumer loans.\n.\n.\n.\n.\n net interest revenue $ 13831 $ 12995 $ 17136 24\n non-interest revenue\n revenues interest expense $ 15826 $ 17765 $ 23498\n operating expenses $ 8064 $ 9799 $ 14238\n net credit losses $ 17040 $ 19185 $ 13111 46%\ncredit reserve -1771 5799 8573 -32\n benefits claims 775 1054 1192\n unfunded lending commitments 2014\n credit losses benefits claims $ 16044 $ 26038 $ 22876 38 % 14%\n loss operations before taxes $ -8282 -18072 -13616 54% 33 %\n benefits income taxes -3289 -7656 -5259 -46\n loss operations $ -4993 -10416 -8357 52% 25 ) %\n income noncontrolling interests -76\n loss $ -5001 -10449 -8369 52% 52 % 25\n average assets dollars $ 324 $ 351 $ 420\n net credit losses average loans 6. 20%. 38%. 80%. %\n.\n interest expense decreased 11%.\ninterest revenue increased 6% sfas 166/167 offset lower balances.\n non-interest revenue declined 58% $. billion gain redecard higher mortgage repurchase reserve charge.\n operating expenses decreased 18% divestitures volumes re-engineering.\n government loss-sharing agreement.\n provisions credit losses benefits decreased 38% $ 1. billion credit reserve.\n credit losses offset 166/167.\n losses lower-year.\n portfolios retail.\n assets declined 21% portfolio run-off loan loss balances asset sales divestitures offset $ 41 billion 166/167.\n divestitures student loan corporation auto loans canadian mastercard.\n.\n.\n expense decreased 24%.\n lower balances de-risking spread compression.\n non-interest revenue decreased $ 1.credit losses securitization 1. billion gain redecard.\n operating expenses declined 31% volumes-engineering goodwill write-offs $ 3. billion costs delinquent loans.\n provisions credit losses increased 14% credit losses $. billion reserve $ 2. billion.\n losses $ 3. 6 billion residential real estate lending $. billion retail cards $. billion international.\n assets decreased 57 billion lower originations asset sales divestitures write offs loan.\n divestitures card finance."
}
{
    "_id": "dd4be1f98",
    "title": "",
    "text": "fair value options estimated grant black-scholes option pricing model weighted-average assumptions 2006 2005 2004.\n average value options $ 20. $ 9. $ 7.\n volatility.\n yield.\n life options 6.\n risk-free interest rate 5% 5 % 4% 4\n black-scholes option valuation model fair value traded options vesting restrictions transferable.\n require subjective assumptions stock price volatility.\n models fair value.\n total fair value shares vested 2006 2005 2004 $ 9413 $ 8249 $ 6418.\n aggregate intrinsic values options december 30 2006 $ 204. million $ 100. 2 million.\n exercised $ 42. 8 million.\n difference closing stock price last trading day period $ 55.december 29 2006 exercise price multiplied options.\n 30 $ 64. 2 million unrecognized compensation cost unvested share compensation awards option plans.\n recognized five years.\n.\n 2000000 shares common stock reserved.\n equal market purchase enrollment.\n stock revenue code.\n 2006 2005 2004 124693 112798 117900 shares purchased purchase price $ 3569 2824 $ 2691 .\n december 30 2006 1116811 shares future issuance."
}
{
    "_id": "dd4bc0adc",
    "title": "",
    "text": ".\n locomotives freight cars.\n december 2008 2007 $ 2024 million $ 869 million amortization $ 2062 million $ 887 million amortization capital leases.\n charge income amortization depreciation expense.\n future lease payments leases 2008 capital leases.\n 2009 657\n 2010\n 2011\n 2012\n lease payments $ 5909 $ 1898\n interest\n majority capital lease payments locomotives.\n rent expense leases one month $ 747 million 2008 $ 810 million 2007 $ 798 million 2006.\n variable rental expense term.\n contingent rentals sub-rentals not significant.\n.\n commitments contingencies lawsuits subsidiaries.\ndetermine effect claims on operations financial liquidity probable estimated recorded liability.\n expect lawsuits claims environmental costs commitments contingent liabilities guarantees financial liquidity.\n cost charged expense cost incidents.\n third-party actuaries expense liability.\n federal employers 2019 liability act governs compensation work-related accidents.\n damages assessed fault out-of-court settlements.\n services rehabilitation programs for employees injured personal injury liability discounted to present value.\n rates.\n 88% recorded liability asserted 12% unasserted claims at december 31 2008.\n uncertainty outcome future costs may range"
}
{
    "_id": "dd4c51d20",
    "title": "",
    "text": "pollution environmental bonds secured collateral mortgage bonds.\n nuclear waste policy act 1982 entergy subsidiaries contracts spent nuclear fuel disposal. contracts one-time fee generation april 7 1983. arkansas power nuclear fuel includes fee accrued interest long-term debt.\n note 10 waterford 3 lease obligation entergy louisiana acquisition equity interest grand gulf lease obligation.\n implicit. 458%.\n fair value excludes lease obligations $ 34 million long-term doe obligations $ 183 million entergy arkansas debt due one year. level 2 hierarchy based benchmark yields trades.\n annual long-term debt maturities december 2017 next five years.\n entergy purchased fitzpatrick indian point 3 power plants.\npurchase agreement nypa entergy recorded liability net value fitzpatrick indian point 3 power plants beyond nrc license expiration date.\n october 2015 shutdown fitzpatrick.\n reduced liability $ 26. 4 million.\n august 2016 trust transfer agreement decommissioning funds liabilities indian point 3 fitzpatrick plants.\n original decommissioning agreements amended obligation license extension payments eliminated.\n third quarter 2016 removed note payable $ 35. 1 million balance sheet.\n louisiana mississippi new orleans texas system energy long-term financing ferc october 2019. arkansas 2018.\n new orleans june 2018.\n entergy supply system energy capital equity capital 35% total capitalization"
}
{
    "_id": "dd4b8b972",
    "title": "",
    "text": "equity method investments infraservs.\n indirect ownership interests german infraserv groups develop industrial parks-site administrative support.\n ownership interest equity investments infraserv affiliates december 31 2017 infraserv gmbh.\n.\n.\n december 31 2017 infraserv gmbh.\n infraserv.\n infraserv. knapsack\n infraserv gmbh.\n.\n 29 events consolidated financial statements.\n research development business models innovation research development activities production technologies products applications.\n research development expense $ 72 million $ 78 million $ 119 million years december 31 2017 2016 2015.\nspent three fiscal years research development strategic initiatives.\n safeguarding confidential information patents trademarks copyrights investment research development manufacturing marketing.\n patents cover processes equipment products.\n register trademarks brand names.\n.\n new substances formulations unique applications production processes.\n business regions property protection limited.\n.\n maintain security policies.\n data encryption controls disclosure trade secrets employee awareness training.\n.\namcel aoplus ateva avicor celanese celanex celcon celfx celstran celvolit clarifoil dur- o-set ecomid forflex forprene frianyl fortron ghr gumfit gur hostaform laprene metalx mowilith mt nilamid nivionplast nutrinova nylfor pibiflex pibiter polifor resyn slidex sofprene sofpur sunett talcoprene thermx tufcor vantage vectra vinac vinamul vitaldose zenite products trademarks celanese.\n.\n fortron.\n hostaform hoechst.\n mowilith nilamid trademarks celanese.\n property.\n celanese dependent patent trademark copyright secret.\nitem 1a.\n risk factors note 2 accounting policies 16 24 commitments contingencies financial statements."
}
{
    "_id": "dd4bc50b4",
    "title": "",
    "text": "part iii item 10.\n directors executive officers corporate governance 201celection directors selection process conduct committees committee 16 beneficial ownership reporting compliance proxy statement annual meeting stockholders may 27 2010 executive officers part form 10-k. new york stock exchange certification 2009 section 303a. 12 stock exchange company manual.\n item 11.\n executive compensation-management director compensation discussion analysis committee report.\n item 12.\n security ownership beneficial owners management stockholder matters shares shares common stock issued equity compensation plans december 31 2009 table.\n equity compensation plan number shares stock issued outstanding options warrants rights-average exercise price stock options securities future issuance equity compensation plans 3 equity compensation plans approved.\n.\n.\n.\n.\n.\n.\n.\n.\n 34317386 $ 16. 11 52359299 equity compensation plans approved holders.\n.\n.\n.\n.\n 612500 $ 27. 53 2014.\n category shares common stock issued outstandingoptions warrants rights weighted-average exercise price stock options securities futureissuance compensation plans excluding\n equity compensation plans approved 34317386 $ 16. 52359299\n not 612500 $ 27. 53 2014\n $ 16. 31 52359299\n 6058967 performance-based share awards 2004 2006 2009 performance incentive plan target 2007-2009.\n price 2009 2010 2011.\n 3914804 restricted share unit performance-based awards settled shares cash.\n awards.\nshare unit award settled common stock.\n 37885502 2009 performance incentive plan 13660306 employee stock purchase plan 813491 2009 non-management 2019 stock incentive plan.\n special stock option grants north executives.\n exercise price equal market value interpublic common stock.\n terms conditions governed 1997 performance incentive plan.\n options exercisable two five years expire ten years."
}
{
    "_id": "dd4bc0e88",
    "title": "",
    "text": "edwards lifesciences corporation financial statements.\n accounting policies may 2014 fasb update accounting guidance revenue recognition.\n comprehensive principles-based approach supersedes previous.\n recognize revenue transfer promised goods services.\n improved disclosures nature amount timing uncertainty revenue.\n august 2015 fasb effective date one year standard effective reporting periods december 15 2017.\n applied retrospectively cumulative effect.\n company assessing impacts not adoption.\n guidance effective january 1 analysis contracts heart valve therapy products recognition revenue point-in-time consistent current revenue recognition model.\n valve therapy sales 80% sales december 31 2016.\n assessing impact guidance contracts critical care products outside united states.\n.\n intellectual property litigation expenses may 2014 agreement medtronic.\naffiliates settle patent litigation including transcatheter heart valves.\n pending dismissed litigate disputes valves eight-year term.\n medtronic-time upfront payment past damages $ 750. million.\n medtronic quarterly license royalty payments through april 2022.\n based sales valves minimum annual $ 40. million maximum $ 60. million.\n separate royalty payment sales valves manufactured states sold elsewhere.\n settlement agreement multiple-element arrangement allocated consideration elements fair value.\n.\n past damages $ 754.\n license agreement.\n covenant not to sue.\n $ 1070."
}
{
    "_id": "dd4b9cfc4",
    "title": "",
    "text": "synopsys.\n financial statements purchase price us$ 417. million.\n october 31 2012 total purchase consideration preliminary allocation.\n cash $ 373519\n shares merger 34054\n equity awards 9383\n purchase $ 416956\n goodwill 247482\n assets acquired 108867\n cash 137222\n liabilities assumed -76615\n purchase allocation 416956\n $ 247. million not deductible sales growth synergies springsoft.\n valued income method amortized three eight years.\n acquisition-related costs $ 6. million 2012.\n employee separation professional services.\n assumed unvested stock options springsoft exchanged cash.\n october 1 2012 fair value awards $ 9. million black-scholes option pricing model.\nblack-scholes option-pricing model incorporates assumptions expected volatility term risk-free interest rates.\n volatility estimated by stock price volatility.\n non-controlling interest value 8. 4%. springsoft shares not acquired tender offer 2012 option awards assumed exchanged cash merger.\n $ 42. 8 million disclosed separate line october 31 2012 statements.\n interest adjusted by $ 0. 5 million reflect operating loss springsoft.\n not included income statements."
}
{
    "_id": "dd4bbde0e",
    "title": "",
    "text": "item 5.\n market 2019s common equity matters issuer purchases traded new york stock exchange symbol. quarterly high low sales prices dividends share years december 31 2011 2010.\n 1st $ 93. $ 82. 78. $ 61.\n 2nd 98. 42 86. 85. 86. 79 70.\n 3rd 98. 77 72. 85. 89. 68.\n 4th 84. 30 68. 39.\n february 1 2012 1230 holders common shares.\n fourth quarter 2011 issued 20891 common shares redemption class units operating partnership interests partnerships real estate.\n common shares issued without registration securities act 1933 section 4 2.\ncompensation plans equity securities part iii 12 annual report 10-k.\n 2011 received 410783 vornado shares $ 76. 36 share employee options."
}
{
    "_id": "dd4be0756",
    "title": "",
    "text": "stock performance graph shareholder return series a b c compared 500 stock index peer group cbs corporation network interactive.\n time warner.\n.\n twenty-first century fox.\n viacom.\n walt disney company.\n assumes $ 100 invested december 31 2013 series a c s&p 500 index peer group companies reinvestment dividends years 31 2014 2015 2016 2017 2018.\n companies scripps networks interactive.\n time warner. acquired 2018.\n performance chart shows group.\n.\n acquired companies five year period.\n 31.\n disca $ 100. $ 74. 58 $ 57. 76 $ 59. 34 $ 48. 45 $ 53. 56\n discb $ 100. $ 80. 56 $ 58.63. 44 53. 97 72. 90\n 100. 80. 60. 15 63. 87 50. 49 55.\n 100. 111. 39 110. 58 121. 144. 65 135. 63\n. 100. 116. 64 114. 127. 96 132. 23 105.\n. 100. 113. 23 117. 27 120. 58 127. 90 141. 58\n securities 2019 annual meeting."
}
{
    "_id": "dd4c49468",
    "title": "",
    "text": "10-k18.\n financial.\n cautionary statements risks.\n.\n sales revenues $ 54. 722 billion 20 increase 2017.\n sales volume improved demand segments.\n profit per share $ 10. 26 $. 2017.\n $ 6. 147 billion 754 million 2017.\n lower tax expense higher sales volume decreased restructuring costs improved price realization.\n offset manufacturing expenses lower profit financial products.\n fourth-quarter 2018 sales revenues $ 14. 342 billion up $ 1. 446 billion 11. billion 2017.\n profit $ 1. 78 per share.\n profit $ 1. 048 billion $ 1. 299 billion 2017.\n sales revenues $ 54. 722 billion up 20 2017.\n regions three segments.\n operating profit.\n operating profit margin. percent\nprofit $ 10. 26 share 2018 excluding adjusted profit share $ 11.\n 2017 $ 1. 26 per share profit $ 6. 88.\n quantified impact items.\n millions 2018 profit\n $ 7822 $ 10. 26 $ 4082 $ 1. 26\n restructuring costs.\n mark-to-market losses.\n deferred tax valuation allowance adjustments.\n. tax reform impact.\n gain sale equity investment.\n adjusted profit $ 8703 $ 11. 5554 $ 6. 88\n machinery energy transportation operating cash flow 2018 $ 6. 3 billion capital expenditures dividends.\n cash flow 2017 $ 5. billion.\n structure.\n incurred $ 386 million restructuring.\n 2017 $ 1.256 billion restructuring costs half closure facility gosselies remainder actions.\n lower 2019 2018.\n glossary pages 33-34 italics.\n non-gaap measures pages 42-43."
}
{
    "_id": "dd4bdb56c",
    "title": "",
    "text": "operating/performance statistics railroad performance measures table 2010 2009 2008 % change.\n average train speed miles per hour 26. 27. 23. 16% 16 %\n terminal dwell time hours 25. 24. 24. 9 2% 2 %\n rail car inventory 274. 283. 300. 7 6\n ton-miles billions 932. 846. 1020. 10% 10 % 17 %\n revenue ton-miles billions 520. 479. 562. 6 ( 9 % 15 %\n operating ratio 70. 76. 77.\n employees 42884 48242\n customer satisfaction index 89  88  83\n average train speed miles hours.\n maintenance activities weather disruptions higher volume levels 4% decrease average train speed 2010 2009.\n fluid efficient network.\nvolume network management initiatives productivity improvements 16% 16 % train speed 2009 2008.\n terminal dwell time rail car terminals.\n improves asset utilization service.\n increased 2% 2 % 2010 network plan length efficiency higher terminal dwell time.\n improved slightly 2009 lower volume delivering cars.\n rail inventory.\n lower reduces congestion increases speed dwell time improves utilization.\n decreased 3% 3 % 2010 13% 13 increases carloads.\n maintained more off-line retired old.\n inventory decreased 6% 6 % 2009 16% ( 16 % ) decrease volume.\n stored more cars off-line.\n gross revenue ton-miles calculated miles.\n.\n increased 10% 9% 2010 due 13% 13 % increase carloads.\nmix changes automotive shipments growth gross revenue carloads.\n-miles decreased 17% 17 % 15% 15 % 2009 16% 16 % decrease carloads.\n 30% 2009 gross revenue.\n.\n improved. 70. 6%. 2010. 1%. 2009.\n volume increases core pricing gains productivity initiatives higher fuel prices.\n 16% 16 % volume decline.\n levels down 1% 1 % 2010 13% 13 % increase.\n leveraged additional volumes network efficiencies productivity initiatives.\n managed growth full-time-equivalent train engine force levels less than half carload growth 2010.\n"
}
{
    "_id": "dd4bb3d8c",
    "title": "",
    "text": "intel corporation notes consolidated financial statements 16 income changes tax effects unrealized losses investments deferred tax asset valuation allowance derivatives service credits actuarial losses foreign currency translation adjustment.\n millions gains losses investments deferred tax valuation allowance derivatives service credits costs actuarial gains losses foreign currency translation adjustment\n december 27 2014 $ 2459 $ 26 -423 -47 -1004 -345 666\n income loss reclassifications -999 2014 -298 -2 -187 -1413\n amounts reclassified income -93 2014 522 67 506\n tax effects 382 -18 -67 301\n -710 -18 18 157 -170 -606\n26 2015 1749 -266 ( 266 -876 -515 60\n income reclassifications 1170 -680 -4 460\n reclassified income -530 ( 530 ) -322\n tax effects -225 ( 225 ) -8 -5 -92 ( )\n income loss 415 -8 -364 ( 364 ) -4 4\n december 31 2016 2164 2014 -259 ( 259 ) -519 519"
}
{
    "_id": "dd4c19cae",
    "title": "",
    "text": "gross margin percentage decreased 59. 8%. 2013 from 62. 1%. 2012.\n due to pccg.\n from pccg dcg.\n net revenue 2012 decreased $ 658 million 1% 1 compared 2011.\n pccg dcg sales decreased 1% prices unchanged.\n lower netbook sales multi-comm prices.\n offset mcafee segment acquired 2011.\n contributed $ 469 million additional revenue 2012.\n gross margin decreased $ 606 million 2% ( 2 %.\n due $ 494 million excess capacity charges lower revenue pccg dcg.\n 390 million higher unit costs lower netbook multi-comm revenue.\n offset $ 643 million lower factory start-up costs 14nm $ 422 million charges intel.\n offset acquisition mcafee $ 334 million.\namortization acquisition intangibles $ 557 million gross margin 2012 $ 482 million 2011 due acquisitions q1 2011.\n gross margin percentage flat higher capacity charges unit costs offset lower factory start-up costs intel 6 series chipset.\n gross margin sale platforms pccg dcg.\n revenue income.\n net revenue $ 33039 $ 34504 35624\n operating income $ 11827 13106\n decreased $ 1. 5 billion 4% 4 % 2013.\n sales down 3% 3 %.\n lower notebook desktop sales down 4% 2%.\n selling prices flat.\n operating income decreased $ 1. 3 billion 2013 1. billion lower gross margin $ 200 million lower operating expenses.\n. higher factory start-up costs lower pccg platform revenue.\ndecreases offset $ 520 million lower pccg costs $ 260 million capacity charges higher sell-through non units.\n revenue pccg decreased $ 1. billion 3% 2012.\n revenue impacted tablets.\n prices sales decreased 2% 1%.\n 6% notebook prices 5% desktop sales.\n offset 4% desktop 2% 2 % notebook sales.\n financial condition"
}
{
    "_id": "dd4bab01a",
    "title": "",
    "text": "determining entergy corporation performance 2006-2008 committee used philadelphia utility index.\n compared entergy shareholder return companies utility index.\n concluded exceeded performance targets 2006-2008 first quartile resulted payment 250% ( 250 % ) target maximum.\n each performance unit converted into cash $ 83. 13 per unit closing price entergy common stock last trading day december 31 2008 plus dividend equivalents accrued three-year cycle.\n 2008 option exercises stock vested table amount paid named executive officers 2006-2008.\n stock options personnel committee.\n.\n.\n chief executive officer supervisor consider factors stock options individual performance market practice targeted long-term value number participants eligible \"burn rate\". compensation stock option awards.\ncommittee assessment performance officer entergy options awarded.\n table options 2008.\n exercise price each option $ 108. 20 closing market value entergy common stock.\n. leonard 175000\n. denault\n richard. smith\n. conley\n. mcdonald\n fisackerly\n. domino\n roderick. west\n.\n carolyn shanks\n option grants officers.\n.\n 5000 50000 shares.\n.\n lewis stock option awards 2008.\n.\n leonard received 175000 stock options committee performance entergy chief executive.\n"
}
{
    "_id": "dd4bd5d88",
    "title": "",
    "text": "installment notes $ 4. 8 billion $ 400 million paper promissory notes.\n international paper not primary benefi ciary consolidate investments.\n acquired $ 4. 8 bil lion paper debt securities $ 5. 2 billion debt obligations december 31 2006.\n paper offset obligations offset $ 5. billion $ 5. billion debt obligations 2007.\n interests two financing entities 2002 2001.\n.\n.\n meet capital expenditures service debt working capital dividend requirements cash.\n $ 2. 5 billion bank credit agreements cash flow variability.\n interest rates floating rate index pre margin credit rating.\n $ 1. 5 billion revolving bank credit agreement expires march 2011 facility fee. payable quarterly.\n $ 1.billion commercial financ receivables securitization program expires october 2009 facility fee 0. 10%.\n december 31 2007 no borrowings bank credit agreements securitization program.\n debt capital markets long-term funding.\n guided structure planning objectives.\n maximize financial flexibility preserve liquidity interest expense.\n debt accessed global public capital markets.\n debt covenants.\n minimum net worth $ 9 billion maximum debt to capital ratio 60%.\n investment grade credit rating.\n long credit ratings bbb.\n short-term credit ratings s&p moody a-2 p-3.\n contractual obligations future payments debt lease commitments purchase obligations millions 2008 long-term debt $ 267 $ 1300 $ 1069 $ 396 $ 532 $ 3056 obligations right offset 2013.\nmillions 2008 2009 2010 2011 2012\n maturities long-term debt $ 267 $ 1300 1069 396 532 3056\n right offset 2013 5000\n lease 136 116 101 84 67\n purchase obligations 1953 294 261 235 212 1480\n $ 2356 $ 1710 $ 1431 $ 715 $ 811 9628\n scheduled principal payments.\n obligations non-consolidated entities paper offset investments.\n paper $ 5. billion interests. obligations.\n $ 2. 1 billion fiber supply agreements transformation plan.\n unrecognized tax benefits $ 280 million."
}
{
    "_id": "dd4b87fde",
    "title": "",
    "text": "2022 timing lien positions limitations historical data.\n determination alll non-impaired loans sensitive risk grades loss rates consumer loans.\n factors.\n reflect future changes.\n impact risk rates future deterioration.\n risk grades loss rates appropriate.\n commercial loan risk grades 1% deterioration allowance commercial loans increase $ 35 million december 31 2014.\n consumer loss rates 10% allowance loans $ 37 million december 31 2014.\n purchased impaired loans recorded fair value prohibits carry over valuation allowances.\n reserves performance worse.\n 2014 reserves $. 9 billion impaired loans.\n loans acquired after january 1 2009 recorded fair value.\n no allowance losses created acquisition.\n note 4 loans financial statements.\ndetermining appropriateness alll allocations impaired loans commercial consumer loans.\n allocate reserves losses market conditions.\n commercial lending largest sensitive changes.\n allocated $ 1. 6 billion 47% 47 % alll at december 31 2014 commercial lending.\n consumer lending allocations historical loss experience adjusted recent activity.\n $ 1. 7 billion 53% 53 % alll december 2014 allocated.\n maintain allowance unfunded loan commitments letters of credit.\n report liability consolidated balance sheet.\n losses.\n probability funding losses.\n methodology similar determining alll.\n note 1 accounting policies 3 quality consolidated financial statements asset quality indicators.\n table 41 allowance loan lease losses.\n 4036\n net charge-offs\n provision credit losses\nchange unfunded loan commitments letters credit -17\n -3 -1\n $ 3331 $ 3609\n charge-offs loans. 27%. 27 %. 57%. 57 %\n loan lease losses loans.\n commercial lending-offs $ -55 -249\n consumer lending -476 476 -828\n $ -531\n loans\n commercial lending. 04%. 22%. 22 %\n consumer lending.\n charge-offs $ 134 million interagency first quarter 2013.\n credit losses $ 273 million 2014 643 million 2013.\n improved credit quality loan delinquencies value residential real estate cash flows.\n lending losses increased $ 64 million 178% 2013 growth commercial slowing reserve releases.\n decreased $ 434 million 71% % 2013.\n.\n"
}
{
    "_id": "dd4b891ae",
    "title": "",
    "text": "republic services.\n financial statements 2014 letters credit $ 909. million $ 950. 2 million december 31 2012 2011.\n surety bonds expire 2026.\n issued not debt.\n no liability reflected consolidated balance sheets.\n recorded capping closure post-closure obligations self-insurance reserves.\n obligations.\n.\n restricted cash marketable securities deposits capital expenditures pledged regulatory agencies guarantees obligations.\n table restricted cash securities december 31.\n financing proceeds $ 24. $ 22.\n capping closure obligations.\n self-insurance.\n.\n restricted cash marketable securities.\n 19. 9%. interest company financial surety bonds capping closure post-closure obligations solid waste industry.\n cost method accounting.\nno identified events recoverability investment.\n investee parent company surety bonds landfill operations $ 1152. 1 million outstanding december 31  2012.\n reimbursement obligations secured by indemnity agreement investee letters credit totaling $ 23. 4 million $ 45. 0 million as december 31 2012 2011.\n no debt obligations operating leases financial.\n no transactions obligations parties not disclosed financial position results operations.\n guaranteed third-party debt.\n contracts indemnification clauses.\n indemnifications recorded in financial statements future.\n contingent events taxes divestiture agreements.\n obligations financial position results cash flows."
}
{
    "_id": "dd4c64a9c",
    "title": "",
    "text": "humana inc.\n financial statements 2014 stock options restricted stock awards.\n tax benefit $ 16. 3 million 2009 $ 16. 9 million 2008 $ 48. million 2007.\n no capitalized stock compensation expense.\n one restricted share 1. 7 stock options.\n december 31 2009 12818855 shares stock award plans 4797304 shares common stock 2821944.\n price average market value common stock.\n market value highest lowest stock prices new york stock exchange.\n options vest 1 3 years expire 7 to 10 years grant.\n fair value black-scholes valuation model.\n compensation expense service period.\n stock options granted january 2010 retirement.\n weighted-average fair value option granted 2009 2008 2007.\n estimated black-scholes pricing model.\n2009 2008 2007\n weighted-average value grant $ 14. 24 $ 17. 95 $ 21.\n option life years 4. 6 5. 4. 8\n volatility 39. 2%. 2 % 28. 9\n risk-free interest rate 1. 9%. 9 % 2. 9% 9 4. 5%. 5 %\n dividend yield\n groups.\n executive officers directors.\n options assumptions.\n calculate term risk-free interest rate traded zero-coupon.\n treasury bond.\n volatility historical volatility.\n price intervals."
}
{
    "_id": "dd4988f26",
    "title": "",
    "text": "tax liabilities unrecognized benefits 30 2018 $ 233.\n excluded obligations impact tax laws operating results.\n uncertainties settlement tax positions.\n obligations table includes liability $ 184 repatriation tax payable over eight years.\n note 22 financial statements.\n future contribution equity 19 april 2015 venture air products acwa 20-year oxygen nitrogen agreement saudi aramco oil refinery power plant.\n owns 25% guarantees repayment equity bridge loan.\n invest $ 100 joint venture.\n 30 2018 noncurrent liability $ 94. future equity contributions 2020.\n 12 august 2018 gasification/power joint venture saudi aramco acwa.\n 55%.\n assets power utilities $ 8 billion.\n investment excluded obligations pending closing fiscal year 2020.\njv facility 25-year contract fixed monthly fee.\n saudi aramco feedstock power hydrogen utilities.\n subsidiaries sponsor defined worldwide employees.\n principal plans.\n.\n.\n closed new participants 2005 employees.\n shift volatility.\n fair market value assets decreased $ 4273. $ 4409.\n projected benefit obligation $ 4583. $ 5107.\n net unfunded liability decreased $. $ 698. $ 310. higher discount rates favorable asset experience.\n note 16 retirement consolidated financial statements.\n.\n expense 2013 $ 91. $ 72. $ 55.\n.\n discount rate 2013 service cost 3. 2%. 2 % 2. 9%. 9 %. 1%. 1 %\n 2. 9%. 9 %. 5%. 5 %. 4%. 4 %\nreturn 6. 9 %. 4%. 4 %. 5%. 5 %\n compensation 3. 5%. 5 %. 5 %. %"
}
{
    "_id": "dd4c4dc7a",
    "title": "",
    "text": ".\n bankruptcy settlement obligations december 31 2013 american balance sheet millions.\n aag series preferred stock $ 3329\n single-dip equity obligations 1246\n labor-related claim 849\n $ 5424\n double-dip plan reorganization claimholders receive mandatorily convertible aag series preferred stock.\n votes.\n quarter shares convertible 30 th 60th 90th 120th days after effective date.\n holders convert 10 million shares 30-day 120 th day.\n initial value each share $ 25. accrues dividends 6. 25%. per annum.\n converts common stock volume average price five days 3. 5%. discount conversion price floor $ 10. 875 per share cap $ 33. 8080 per share.\naag series preferred stock obligation transfer variable shares fixed monetary amount not treated equity liability until converted to aag common stock.\n american reflected claims liability \"bankruptcy settlement obligations balance sheets until satisfied aag common stock.\n additional paid-in capital intercompany equity transfer bankruptcy settlement obligation.\n february 19 2014 107 million shares aag series converted into 95 million shares aag common stock.\n single-dip equity obligations outstanding.\n obligations not satisfied unconditional obligation transfer variable shares fixed monetary not treated equity liabilities until 120 th day after emergence.\n variable common stock obligation plus accrued dividends 12% per annum calculated daily based on volume weighted average price 3. 5%.5 % discount plan shares for unsecured creditors.\n contributions reorganization aag reductions pay benefits aag american employee group deemed claim distribution equity reorganized.\n fixed percentage distributions.\n fair value shares approximately $ 1. 7 billion.\n aag initial distribution $ 595 million common stock american paid $ 300 million cash payroll taxes equity.\n december 31 2013 remaining liability american labor groups employees $ 849 million estimated fair value shares aag common stock price.\n increases after fair value.\n american obligation fair value 120 th day after emergence settled."
}
{
    "_id": "dd4b908e6",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014.\n company required interest rate protection agreements 50% variable rate debt.\n exposed credit risk counterparty terms.\n exposure limited current value contract.\n contracts 2004 credit worthy institutions.\n two interest rate caps $ 350. million interest. 2006.\n 2003 three interest rate caps $ 500. million 5. expired 2004.\n no fair value interest rate caps.\n 2003 unrealized loss $ 0. 3 million tax benefit $. 2 million reclassified $ 5. 9 million $ 3. million results operations.\n 2002 unrealized loss $ 9. 1 million net tax benefit $ 4. 9 million reclassified $ 19. 5 million. results operations.\n hedge ineffectiveness gain $ 1. million year 31 2002 recorded consolidated statement operations.\ncompany records changes derivative instruments not.\n reclassify derivative losses operations year december 31 2004 anticipate reclassifying next twelve months no amounts loss 31.\n.\n leases land office tower space leases.\n leases contain renewal options increases lease payments.\n escalation clauses straight-lined term lease.\n. future minimum rental payments non leases include renewal periods failure loss tower site revenues.\n payments december 31 2004.\n 2005 106116\n 2006\n 2007\n 2008\n 2009\n $ 2101046\n rent expense leases years december 31 2004 2003 2002 $ 118741000  $ 113956000 $ 109644000."
}
{
    "_id": "dd4ba796a",
    "title": "",
    "text": "aes 2019s generating facilities sell electricity to wholesale customers in competitive markets.\n contract generation facilities sell less than 75% output long-term contracts pricing into power pools shorter-term contracts daily spot markets.\n prices for electricity short-term contracts spot markets unpredictable volatile.\n results sensitive to market fluctuations electricity natural gas coal raw materials.\n europe entered administration november 2002 no longer performing under contracts with drax barry.\n failure results.\n two businesses wolf hollow.\n granite ridge have fuel supply agreements with el paso merchant energy.\n. financial difficulties.\n financial difficulties.\n. performance no assurance deterioration 2019s financial condition.\n obligations.\n.\n could lead to default under aes wolf hollow.fuel supply agreement wolf hollow. lenders default.\n.\n working avoid default.\n revenues facilities electricity end-use regulation.\n third party approval rate increases.\n large utilities growth distribution.\n revenues contract generation competitive supply not regulated.\n distribution 2002 2001 2000.\n large utilities 36% 36 % 21% 21 % 22% 22 %\n growth distribution 14% 14 %\n contract generation 29% 29 % 32% 32 % 27% 27 %\n competitive supply 21% 21 % 26% 26 % 30% 30 %\n subsidiaries affiliates. greenfield power plants long-term contracts sale electricity.\n completion risks siting financing construction permitting governmental approvals termination contract.\n december 31  2002 costs early $ 15 million construction $ 3. 2 billion.\n"
}
{
    "_id": "dd4b91a8e",
    "title": "",
    "text": "celanese corporation subsidiaries financial statements amend agreements indebtedness change business agreements dividends subsidiaries.\n senior credit facilities require covenants maximum leverage bank debt interest coverage capital expenditures.\n net bank debt adjusted ebitda ratio eliminated 2005.\n december 31 2005 financial covenants debt.\n debt short term borrowings.\n 2007 2008 2009 2010 $ 2 million adjustment assumed debt.\n.\n.\n retirement disability surviving pensions.\n benefits vary legal economic conditions.\n commitments defined contribution benefit plans.\n years service compensation.\n supplemental retirement benefits non-qualified.\n tax.\n separate trusts non-qualified plans.\n defined benefit pension plans north america.\n december 31 2005 company.\npension plan 85% 75% celanese assets liabilities.\n administer majority.\n actuarial valuations annually.\n sponsors contribution plans europe north america.\n.\n contributions based $ 12 million 2005 $ 8 million months 2004 $ 3 million three months $ 11 million 2003.\n acquisition cag $ 463 million pension obligations.\n months 2004 $ 409 million pre-funded.\n $ 54 million non-qualified pension 2005.\n acquisition vinamul acetex assumed assets obligations.\n liabilities $ 128 million.\n assets $ 85 million."
}
{
    "_id": "dd4bc229c",
    "title": "",
    "text": "calculating earnings to fixed charges earnings before taxes minus equity investees plus fixed charges.\n interest expense rental expense.\n years 2010 2009 earnings for fixed charges inadequate cover charges $ 37. 0 million $ 461. 2 million.\n ebitda consolidated net income before interest expense tax expense depreciation amortization.\n adjusted ebitda non-cash equity compensation goodwill impairment charges sponsor fees consulting fees debt-related legal accounting costs equity investment income losses severance retention costs early extinguishment debt asset dispositions outside non-recurring extraordinary unusual gains losses expenses.\n reconciliation of ebitda adjusted ebitda table.\n non-gaap financial measures.\n performance amounts.\n measures differ from measures.\nebitda adjusted information operating performance cash flows future debt capital expenditures working capital requirements.\n primary measure financial covenants credit agreements.\n table net income ebitda adjusted ebitda.\n 2013 2012 2011 2010 2009\n net income loss $ 132. $ 119. 17. -373. 373.\n depreciation amortization 208. 210. 204. 209. 218.\n income tax expense 62. 67. 11. -7. -87.\n interest expense 250. 307. 324. 391. 431.\n 653. 703. 557. 564. 188.\n non-cash equity-based compensation 8. 22. 19. 11 15\n fees. 5\n consulting debt-related professional fees.\ngoodwill impairment 2014 241.\n loss long-term debt 64. 17. 118. -2. 2014\n litigation -4.\n secondary-offering expenses 75.\n adjustments 8. 13. 11. 7.\n ebitda $ 808. $ 766. $ 717. $. 465.\n non litigation.\n retention costs equity investment income severance costs gain sale informacast software equipment."
}
{
    "_id": "dd4bf791a",
    "title": "",
    "text": "forward-looking statements factors 201crisk factors 201d.\n read 201crisk factors 201d. american water works company.\n largest investor-owned united states water wastewater utility company revenues population.\n 6400 employees provide drinking water wastewater services 15 million people 47 states one canadian province.\n primary business ownership water wastewater utilities residential commercial industrial.\n regulated businesses subject state regulatory agencies.\n environmental health safety water quality.\n 16 states serve 3. 2 million customers.\n results.\n services.\n.\n 2014 strategic goals.\n growth investment infrastructure expansion customer base market-based operations operational excellence efficiency performance increased value.\n focused on growth addressed regulatory lag efficient use capital improved operation maintenance efficiency ratio.\n2014 financial results december 31 net income capital infrastructure operational efficiency improvements rates.\n 2013 2012.\n income continuing operations $ 2. 39 $. 07.\n discontinued operations tax.\n diluted earnings per share $ 2. 35.\n operations 4 cents diluted share freedom industries chemical spill west virginia 2014 14 cents share 2013.\n increased 10% 22 cents per share results regulated businesses higher revenues lower operating expenses depreciation expenses.\n lower interest expense 2014 2013."
}
{
    "_id": "dd4c21cba",
    "title": "",
    "text": "undistributed foreign earnings no.\n taxes indefinitely reinvested outside.\n lower tax rate 2010 due increase foreign earnings.\n taxes.\n september 25 2010 company had deferred tax assets $ 2. 4 billion liabilities $ 5. 0 billion.\n management believes forecasted income future reversals differences recover deferred tax assets.\n realizability deferred tax assets valuation allowance.\n internal revenue service audit federal income tax returns 2004 2006 proposed adjustments.\n contested adjustments appeals office.\n examining 2007 through 2009.\n audit issues prior 2004 resolved.\n tax settlement 2002 through 2003.\n subject to audits state local foreign tax authorities.\n provision for adjustments tax examinations.\n outcome tax audits.\n adjust provision income taxes.\ncapital table presents financial information statistics three years 2010 company had $ 51 billion cash equivalents securities increase $ 17 billion 2009.\n operating $ 18. 6 billion offset property $ 2 billion business acquisitions $ 638 million.\n securities portfolio highly rated securities minimum rating single-a.\n $ 30. 8 billion $ 17. 4 billion cash securities foreign subsidiaries.\n dollar-denominated holdings.\n balances working capital asset purchases liquidity requirements 12 months.\n cash equivalents securities $ 51011 $ 33992 $ 24490\n accounts receivable $ 5510 $ 3361\n inventories\n working capital $ 20956\n cash flow $ 18595"
}
{
    "_id": "dd4ba7f28",
    "title": "",
    "text": "unregistered securities.\n repurchases equity securities table purchases equity october 1 to december 31 2017.\n purchased average price plans programs maximum dollar value.\n average price dollar value\n october 1 - 31 1231868 $ 20. 74 1230394 $ 214001430\n november 1 - 30 1723139 $ 18. 181474975\n december 1 - 31 1295639 $ 20. 25 $ 155459545\n 4250646 $ 19. 84\n shares common stock $ 0. 10 per share withheld employee stock compensation plans tax withholding obligations.\n repurchased 1474 shares october 893 november 10639 december 2017 total 13006 shares.\naverage price per share fiscal quarter three-month period calculated tax withholding obligations paid shares acquired repurchase program note 5 withheld acquired repurchase program.\n february 2017 board authorized repurchase program $ 300. 0 million common stock.\n february 14 2018 board approved new repurchase program $ 300. 0 million common stock.\n new authorization addition 2017.\n no expiration date."
}
{
    "_id": "dd4c35d50",
    "title": "",
    "text": ".\n feet united states countries\n owned 4530 2417 6947\n leased 1037 1341 2378\n 5567 3758 9325\n properties shared segments.\n headquarters santa clara california.\n products semiconductor manufactured austin texas gloucester kalispell montana rehovot israel singapore.\n services austin texas.\n display alzenau.\n treviso italy.\n owns leases offices plants warehouse europe japan north america israel china india southeast asia taiwan.\n facilities manufacturing research development engineering marketing sales customer support.\n owns 269 acres buildable land montana texas california israel italy building space.\n properties requirements.\n assesses size infrastructure."
}
{
    "_id": "dd4c473d4",
    "title": "",
    "text": "impairment tests intangible assets july 31 2013 2012 2011 no charges.\n estimated amortization expense finite-lived assets five years millions.\n 2014 156\n 2015 126\n 2016 91\n 2017 74\n 2018\n indefinite-lived contracts july 2013 acquired $ 231 million.\n march 2012 $ 163 million.\n october 2013 $ 29 million eight years.\n september 2012 $ 40 million contracts 10 years.\n.\n march 31 2013 blackrock one- third equity interest in national mortgage acceptance company equity.\n may 8 2013 sole managing member pnmac public offering.\n blackrock recorded gain $ 39 million.\n contributed. 1 million units to new donor advised fund.\ncharitable contribution $ 124 million included administration expenses consolidated statements income.\n company recorded noncash pre-tax gain $ 80 million tax benefit $ 48 million.\n carrying 2019s remaining interest 20% 16 million shares $ 127 million $ 273 million december 31  2013.\n reflected pennymac stock price.\n.\n $ 100 million.\n.\n 2011 five-year $ 3. 5 billion unsecured credit facility.\n maturity year march 2017 2012 aggregate commitment increased $ 3. 785 billion.\n 2013 year march 2018 commitment increased $ 3. 990 billion.\n additional $ 1. billion borrowing capacity $ 4. 990 billion.\n interest borrowings london interbank rate plus spread.\n2013 credit facility requires exceed maximum leverage ratio net debt to earnings cash 3 to 1 satisfied less than 1 to 1 december 31 2013.\n provides liquidity working capital investment opportunities.\n no amount outstanding.\n.\n 2009 blackrock established unsecured notes maximum $ 3. 0 billion.\n 2011 increased to $ 3. 5 billion.\n 2012 $ 3. 785 billion.\n 2013 increased $ 3. 990 billion.\n program supported by 2013 credit facility.\n december 31 2013 2012 no cp notes outstanding."
}
{
    "_id": "dd4beceb6",
    "title": "",
    "text": "initial estimate fraud losses fines charges.\n reached resolution made payments charges less estimates.\n difference lower fraud costs.\n table reflects activity fraud losses fines charges twelve months may 31 2013.\n balance may 31 2012 $ 67436\n adjustments -31781\n subtotal 35655\n payments\n balance may 31 2013 $\n insured policies costs.\n $ 30. million policy limits sub-limits liability $ 1. million deductible per claim.\n 2013 received assessments submitted additional claims recorded $ 20. million additional insurance recoveries.\n record receivables recoveries.\n class action processing system intrusion filed april 4 2012 natalie willingham.\n.\n failed maintain procedures information fraudulent charges credit card 2012.\n.\n failed notify public data breach.\n.\nasserted claims negligence federal communications act fair credit reporting unfair trade practices act negligence breach third-party beneficiary contract implied contract.\n.\n sought damages injunctive relief.\n lawsuit filed united court northern district georgia.\n may 14 2012 motion dismiss.\n july 11 granted.\n filed amended complaint.\n causes.\n added plaintiffs nadine robert hielscher dropped claim negligence.\n august 16 motion dismiss amended complaint.\n response october 5 reply brief october 22.\n judge dismissal claims prejudice.\n plaintiffs agreed dismiss lawsuit prejudice each party fees costs.\n.\n dismissed prejudice march 6 2013.\n merchant service provider mastercard independent sales organization visa.\ndesignations dependent banks adherence standards.\n sponsors sponsorship agreements.\n agreements route transactions member banks control clear credit card mastercard visa.\n members payment networks process fund transactions without third-party sponsorship."
}
{
    "_id": "dd4bfb0c4",
    "title": "",
    "text": "corporation america financial statements 31 2006.\n stock-based compensation $ 8330000 unrecognized compensation costs restricted stock awards.\n recognize cost. 5 years.\n.\n accrued liabilities.\n december 31 2006 2005\n bonuses incentives $ $ 21895\n medical insurance workers 2019 compensation 18279\n vacation holiday pay 14742\n customer volume discounts rebates\n franchise property taxes 8432\n payroll taxes\n 100430 $ 86825\n.\n employee benefit plans benefits acquisition pactiv resources agreement participation pension plan five years fee.\n january 1 2003 mirror-image pension plan hourly employees.\n recognizes service earned.\n reduced retirement benefits december 31 2002.\n assets liabilities benefits retained.\nmay 1 2004 pca adopted grandfathered pension plan employees.\n benefit formula comparable pactiv uses career average base pay final.\n recognizes service pca prior pactiv plan.\n benefits reduced retirement benefits april 30 2004.\n assets liabilities april 2004 retained pactiv.\n pca maintains supplemental executive retirement plan augments pension benefits executives excluding ceo.\n benefits determined same formula"
}
{
    "_id": "dd4bdb65c",
    "title": "",
    "text": "2016 2015 revenue fuel expenses power expenses regulatory charges.\n analysis change net revenue 2015.\n.\n 2015 net revenue $ 696.\n retail electric price.\n volume/weather.\n wholesale revenue -2.\n reserve equalization.\n.\n 2016 net revenue $ 705.\n retail electric price variance $ 19. million annual increase billing cycle 2016 storm damage rider.\n volume/weather variance increase 153 gwh 1% electricity usage industrial usage less weather residential commercial sales.\n industrial usage expansion pulp paper increased demand wood products.\n net wholesale revenue variance entergy mississippi exit system agreement 2015.\nreserve equalization revenue variance entergy mississippi exit variances operation maintenance expenses decreased $ 12 million fossil-fueled generation lower service costs scope plant outages $ 3. 6 million storm damage provisions.\n.\n offset increase $ 4. 8 million energy efficiency $ 2. 7 million compensation benefits costs higher incentive compensation accruals.\n entergy mississippi.\n"
}
{
    "_id": "dd4b9cccc",
    "title": "",
    "text": ".\n 1996 new corporate office facility occupied 1997.\n 2004 amendment january 1 2004.\n lease extended 10 years 18 years.\n incurred rental expense $ 1. 3 million 2008 2007 2006.\n future lease payments $ 1. 4 million per annum january 2009 2014.\n 2015 2019 market rental rates.\n amended lease lessor $ 550000 building refurbishments march 31 2006.\n reduction lease expense.\n noncancellable leases equipment office space.\n $ 9. 3 million 6. million 4. 7 million 2008 2007 2006.\n future lease payments $ 8. million 2009 6. 2010 3. 2011 1. million 2012 1. million 2013.\n.\n license agreements access technology sell product line.\nroyalties payable developers software rates based sales.\n fees goods $ 6. 3 million $ 5. 2 million $ 3. 9 million years 2008 2007 2006.\n.\n geographic revenue attributed countries location.\n area.\n united states 151688 131777 94282\n germany 68390\n japan 66960\n canada\n european 127246 108971\n international\n revenue $ 478339 385340 263640"
}
{
    "_id": "dd4c0e5c0",
    "title": "",
    "text": "first second liens charge-off amounts proportionate.\n ratio second loans consistent roll-rate calculations.\n variable-rate home equity lines credit seven or ten year draw period 20 year amortization term.\n interest only principal interest.\n balances december 31 2012 draw periods.\n home equity lines credit 2013 millions.\n 2013 1338\n 2014\n 2015\n 2016\n 2017\n 2018 5497\n 15553 $ 7376\n $ 166 million $ 208 million $ 213 million $ 61 million $ 70 million $ 526 million home equity lines balloon payments draw periods 2013 2014 2015 2016 2017 2018.\n paying principal interest less risky interest only payments.\n impaired loans december 31  2012 equity lines draw.draw period ended borrowing privileges terminated 3. 86%. 30-89 days past due 5. 96%. 90 days past due.\n 60 days past due terminate borrowing privileges not reinstated.\n continue collection/recovery processes loss mitigation loan modification tdr.\n note 5 asset quality.\n debt restructurings modify loans government pnc programs help avoid foreclosure.\n borrower evaluated modification government.\n pnc.\n temporary permanent modifications reduce interest rate extend term defer principal.\n modifications classified tdrs.\n payment plans trial payment arrangements change classified tdrs.\n 5.\n temporary modification three 60 months loan terms reverts exit rate remaining.\n permanent modification greater 60 months terms original loan.\n modifications include government home affordable modification program pnc-developed.\nconsumer loan programs residential mortgages home equity temporary modification borrower hardship delinquent loan balance.\n illness death loss employment.\n permanent modifications borrower income payments lower.\n residential home equity loans modified 60 months three 24 months.\n monitor success rates delinquency status loan modification programs credit losses.\n tables unpaid balance modified real estate loans 60 days past due nine twelve fifteen months modification.\n pnc financial services group.\n 2013 form 10-k"
}
{
    "_id": "dd4c5efa2",
    "title": "",
    "text": "2011 3% 3 % ) increase carloads.\n maintenance weather disruptions higher volume 4% 4 % decrease train speed 2010 2009.\n terminal dwell time rail car terminals.\n improves asset utilization service.\n increased 3% 2011.\n additional volume weather challenges track replacement manifest shipments.\n increased 2% ( 2 % ) 2010 network plan length efficiency higher dwell time.\n rail car inventory.\n lower reduces congestion increases speed dwell time rail utilization.\n inventory decreased slightly 2011.\n decreased 3% ( 3 % ) 2010 13% 13 % ) increase carloads.\n maintained more cars off-line retired old cars.\n gross revenue ton-miles calculated weight miles.\n.\nrevenue-ton-miles increased 5% 2011 3% carloads commodity 5% 5 energy shipments.\n increased 10% 9 % 2010 13% increase carloads.\n commodity automotive.\n.\n increased. 70. 7%. % 2011.\n higher fuel prices inflation costs offset pricing gains productivity initiatives.\n improved. 6%. 6 % 2010. 1%. % 2009.\n volume increases pricing gains productivity initiatives fuel.\n up 5% % 2011 3% 3 % increase volume levels higher training increased capital projects.\n down 1% 1 % 2010 13% 13 % increase volume.\n leveraged volumes network efficiencies productivity initiatives.\n managed full- time-equivalent train engine force levels less half carload growth 2010.\n reduced force levels productivity initiatives.\nsatisfaction index 2013 performance 12 months.\n higher score.\n improvement 2011 reflects service quality capital investment program.\n return shareholders 2019 equity.\n net income $ 3292 $ 2780\n average equity $ 18171 17282 16058\n return commonshareholders 2019 equity 18. 1%. 11. 8%."
}
{
    "_id": "dd497b06a",
    "title": "",
    "text": "financial condition results borrow funds 5-year credit facility conditions covenants representations agreements.\n december 31 2006.\n never borrowed domestic revolving credit facilities.\n utilization.\n conditions borrowing.\n contractual obligations guarantees purchase commitments future payments debt lease purchase obligations december 31 2006.\n payments due period 2007.\n long-term debt obligations $ 4134 $ 1340  $ 198  $ 534 $ 607 1451\n lease obligations 2328  351  281  209  178  158  1151\n purchase obligations 1035  326  120  26  539\n contractual obligations $ 7497  $ 599  $ 239  $ 724 $ 777  3141\namounts represent non-cancelable commitments.\n debt obligations 2006 long-term debt obligations totaled $ 4. 1 billion $ 4. billion 2005.\n table debt securities note 4 financial statements.\n lease obligations owns major facilities office factory warehouse space land equipment non-cancelable leases.\n future minimum lease obligations totaled $ 2. 3 billion.\n expense $ 241 million 2006 $ 250 million 2005 $ 205 million 2004.\n purchase obligations inventory software promotional research development agreements not cancelable.\n longest through 2015.\n payments total $ 1. 0 billion.\n long-term agreements software components supplies materials.\n extend one to three years.\n obligate advance notice.\n termination charges.\ncompany liability agreements other. enters arrangements sourcing supplies minimum purchase commitments take-or-pay obligations.\n majority obligations over life contract.\n agreements terminated december 31 2006 obligation significant.\n anticipate cancellation.\n entered take-or-pay arrangements through may 2009 minimum purchase obligations $ 2. 2 billion.\n estimates purchases minimum obligations.\n outsources corporate functions services.\n contracts expire 2013.\n remaining payments approximately $ 1. 3 billion seven years"
}
{
    "_id": "dd4c33f0a",
    "title": "",
    "text": "29 2007 acquired stock manufacture cialis erectile dysfunction.\n value cialis operational development marketing selling.\n purchase price $ 2. 3 bil borrowings.\n accounted business combination goodwill $ 646. 7 million.\n deductible tax.\n estimated fair values assets acquired liabilities assumed acquisition.\n.\n short-term investments $ 197.\n 1659.\n tax benefit losses 404.\n goodwill 646.\n long-term debt -275.\n deferred taxes -583.\n assets liabilities -32.\n research development 303.\n purchase price $ 2320.\n intangible asset amortized patent lives cialis expiry dates 2015 2017.\n new indications formulations cialis 48 percent estimated fair value.\n remaining products no.\ndiscount rate acquired ipr&d projects 20 percent charge $ 303. 5 million 2007 not deductible tax.\n acquired stock hypnion .\n ivy animal health.\n for $ 445. million cash.\n acquisition hypnion presence sleep disorder research ownership hy10275 novel phase ii compound sleep onset maintenance.\n.\n acquired ipr&d charge $ 291. 1 million not deductible tax.\n development-stage assets goodwill not recorded.\n acquisition ivy products animal health business.\n.\n allocated $ 88. million purchase price intangible assets $ 37. million acquired ipr&d $ 25. million goodwill.\n amortized over 10 to 20 years.\n $ 37. million ipr&d second quarter 2007.\n goodwill allocated animal health business.\nintangible assets goodwill $ 25. million ipr&d $ 37. million deductible tax.\n 2008 licensing agreement transpharma medical.\n product drug system osteoporosis.\n administered transdermally phase ii clinical testing no alternative use.\n non access viaderm drug system.\n"
}
{
    "_id": "dd4c02784",
    "title": "",
    "text": "valuation allowance $ 43. 9 million $ 40. 4 million $. 1 million 2012 2011 2010 established deferred income tax assets subsidiary loss carryforwards.\n realization taxable income prior expiration.\n believes likely.\n could change if future taxable income fluctuate.\n reconciliation beginning ending amounts unrecognized tax benefits 2012 2011.\n unrecognized tax benefits beginning year $ 11. $ 11. 1 $ 17. 5\n increases 2013 tax positions. 7. 5\n decreases -4. 9.\n increases. 3\n settlements taxing -1. 2 5\n acquired business.\n -1.\n unrecognized tax benefits end year $ 6. 8 $ 11. $ 11.\n $ 6. 8 million $ 11.$ 11. 1 million unrecognized tax benefits 2012 2011 2010 $ 4. million $ 9. million impact income tax rate.\n penalties recorded tax expense.\n company reversed net $ 0. 5 million $ 1. 4 million interest penalties.\n provided $ 1. 6 million $ 1. 6 million $ 2. 8 million accrued interest penalties.\n long-term liabilities balance sheets.\n snap-on subsidiaries income tax returns states.\n unrecognized tax benefits settled statutes limitations lapse 12 months tax benefits zero to $ 2. 4 million.\n anticipates uncertain tax positions threshold.\n tax benefits increase zero to $ 1. 6 million.\n longer subject.\n income tax examinations 2008.\n income tax examinations 2006.\n..\n subsidiaries 492. 2 million 416. 4 million 386. 5 million 2012 2011 2010.\n deferred taxes invested.\n deferred income tax.\n"
}
{
    "_id": "dd4c00ce0",
    "title": "",
    "text": "performance fiscal 2015 executives granted.\n market condition stock price growth three-year.\n minimum threshold performance no payout.\n maximum award opportunity fixed dollar shares.\n three one-third earned units converts unrestricted common stock.\n two-thirds convert restricted stock installments anniversaries conversion.\n share-based compensation expense grant date fair value monte carlo model.\n 2015 executives granted units performance-based restricted stock earned shareholder return three-year&p 500.\n performance results units convert unrestricted common stock.\n grantee earn 200% target shares.\n compensation committee.\n share-based compensation expense grant date fair value units monte carlo model.\n summarizes changes unvested share-based awards may 31 2016 2015-average grant-date fair value.\n31 2014 1754 22. 72\n 954 36.\n -648 23.\n forfeited -212 212 27.\n 31 2015 1848 28. 97\n 57.\n -633 27. 55\n forfeited 34.\n 31 2016 1606 $ 37.\n restricted stock units units awards 2015 2014 $ 17. 4 million $ 15. 28. 7 million.\n recognized compensation expense $ 28. 8 million 19. million 28. 2 million 2014.\n $ 42. 6 million unrecognized compensation expense. 9.\n accelerated vesting.\n sale 4. 8 million shares stock authorized.\n $ 25000 annual compensation.\n 85% market value payments.\n annual"
}
{
    "_id": "dd4c1f3fc",
    "title": "",
    "text": "entergy louisiana subsidiaries utility transmission business retirement debt preferred securities.\n operations net income 2011 increased $ 242. million settlement irs mark-to-market income tax power purchase contracts $ 422 million tax benefit.\n offset $ 199 million regulatory charge reduced revenue.\n note 3 financial statements settlement benefit sharing.\n 2010 income decreased $ 1. 4 million higher operation maintenance expenses higher income tax rate interest expense net revenue.\n fuel gas power expenses regulatory charges.\n analysis change net revenue.\n.\n 2010 revenue $ 1043.\n mark-to-market tax settlement -195.\n retail electric price.\n.\n.\n 2011 revenue $ 886.\nmark-to-market tax settlement variance regulatory charge benefits settlement shared offset amortization october 2011.\n notes 3 8.\n retail electric price variance due formula rate plan increase may 2011.\n note 2."
}
{
    "_id": "dd4bf0aca",
    "title": "",
    "text": "kinder morgan  inc.\n form 10-k registrant filed reports section 13 15 d securities exchange act 1934 preceding 12 months subject filing requirements past 90 days.\n submitted electronically posted corporate website interactive data file rule 405 regulation s-t preceding 12 months.\n disclosure delinquent filers item 405 regulation not contained statements iii form 10-k.\n registrant large accelerated filer non filer smaller reporting company rule 12b-2 securities exchange act 1934.\n company rule 12b-2 securities exchange act 1934.\n june 30 , 2010 registrant privately held company market value common equity nonaffiliates zero.\n february 16  2011 shares common stock outstanding.\n class a 597213410\n class b 100000000\n class c 2462927\np common stock 109786590\n february 2011 public offering kinder morgan. delaware liability company holdco llc unitholders stockholders kinder morgan.\n public offering.\n consolidated financial statements data kinder morgan holdco llc subsidiaries conversion.\n wholly subsidiary. changed name kinder morgan kansas."
}
{
    "_id": "dd4bc54e2",
    "title": "",
    "text": "dividends.\n free cash flow operating less investing.\n not financial measure accounting principles.\n not defined.\n cash flow important financial performance financings.\n.\n table reconciles free cash millions 2013 2012 2011.\n operating activities $ 6823 $ 6161 $ 5873\n investing -3405 -3633 ( 3633 (\n dividends paid -1333 ( 1333 -1146 ( -837 (\n free cash flow $ 2085 $ 1382 $ 1917\n safe railroad benefits employees customers shareholders communities.\n multi-faceted approach safety technology risk assessment quality control training employee engagement capital investments.\n safety culture best practices safety.\n derailment prevention reduction grade crossing incidents.\ncontinue efforts increase defects improve crossings educate public crossing safety programs industry programs community activities.\n railroad growing volumes high customer service.\n track structure excellent surplus line terminal capacity.\n solid resource sufficient supplies locomotives freight cars crews growth.\n fuel prices uncertainty economy projections fuel prices difficult.\n volatile fuel prices sensitive.\n demand refining capacity events weather.\n cost recovery fuel surcharge programs fuel conservation efforts.\n capital plan 2014 capital investments $ 3. 9 billion positive train control revised business conditions laws.\n. 2015 invested $ 1. 2 billion capital plan spend additional $ 450 million 2014 developing deploying ptc.\n estimate cost $ 2 billion end project.\n includes installing new system upgrading locomotives adding digital data communication equipment.\nunlikely rail industry meet 2015 deadline 2012 report good faith effort working regulators new technology."
}
{
    "_id": "dd4c15da2",
    "title": "",
    "text": "edwards lifesciences financial statements 2014 lease payments interest leases debt maturities december 31 2004 $ 13. obligations $ 49. 267 debt december 31 2004 2003 unsecured notes japanese yen. billion us$ 67. 1 million. billion$ 55. 8 million.\n facilities equipment leased leases.\n renewal options.\n total expense leases $ 14. million $ 12. 3 million $ 6. 8 million 2004 2003 2002.\n.\n risk.\n cash deposits accounts receivables investments unconsolidated affiliates accounts payable accrued liabilities debt.\n estimated market prices.\n valuations cash flows.\n long-term debt market value market rates.\ncompany financial instruments approximate fair values short-term.\n operating leases debt maturities\n $ 13.\n 11.\n.\n.\n 7.\n. 267.\n obligations commitments $ 49. 267.\n lifesciences financial statements 2014 future lease payments interest leases debt maturities december 31 2004 debt leases $ 13. 11 7 267. obligations 49. december 31 2004 2003 unsecured notes yen. billion us$ 67. 1 million. billion$ 55. 8 million.\n facilities equipment leased operating leases expiring.\n renewal options.\n expense leases $ 14. million $ 12. 3 million $ 6. 8 million 2004 2003 2002.\n.\n differ.\ninstruments cash deposits receivables investments accounts payable accrued liabilities debt.\n values investments estimated market prices.\n methods external valuations discounted cash flows.\n long-term debt approximates rates.\n other instruments short-term."
}
{
    "_id": "dd4be55f8",
    "title": "",
    "text": "long-term liabilities.\n company deferred compensation obligations based market value notional investment accounts.\n mutual funds based market prices.\n derivative utilizes fixed-to-floating interest-rate swaps fair-value hedges targeted variable-rate debt.\n variable-to-fixed interest rate swaps economic hedges interest cost variable-rate debt.\n future cash inflows outflows current fair value.\n contract terms counterparty credit risk interest rates market volatility.\n investments money market funds employee benefits.\n current assets.\n equipment.\n rental expenses $ 21 2015 $ 22 2014 $ 23 2013.\n expire 25 years equipment five years.\n renewal options one to five years.\n minimum annual future rental commitment.\n agreements public entities joint ventures-private partnerships.public-private partnerships company constructed utility plant connected property.\n real personal property equal industrial development bonds issued state industrial development commercial development act.\n leased total facilities including portions funded 40 years.\n leases funded required payments.\n ownership facilities revert end lease recorded capital leases.\n lease obligation receivable principal net basis.\n gross cost facilities funded capital lease $ 156 and $ 157 as of december 31 2015 2014 presented property plant equipment consolidated balance sheets.\n future payments lease obligations equal offset by payments receivable idbs."
}
{
    "_id": "dd4c09a2a",
    "title": "",
    "text": "cash flow operations 2017 $ 2. 7 billion 8 percent increase 2016 earnings capital.\n. 23 percent increase. 2015 $ 424 million divestitures.\n capital 6. valves controls.\n expenditures $ million dividends $ 1239 million common stock purchases $ 400 million debt.\n $ 5. 1 billion acquisitions $ 2990 million operations $ 778 million repayments debt $ 1. 3 billion.\n contributions pension plans $ 45 million 66 million 53 million 2015.\n expenditures $ 476 million $ 447 million $ 588 million.\n cash flow $ 2. billion 2017 8 percent.\n.\n targeting capital spending $ 550 million 2018.\n acquisitions 2990 million 132 million 324 million.\n proceeds divestitures $ 39 million $ 1812 million 2015.\ndividends $ 1239 million. 92 share 2017 1227 million. 90 2016 1269 million. 88 2015.\n quarterly cash dividend 1 percent annualized $ 1. 94 per share.\n purchases emerson common stock $ 400 million 601 million $ 2487 million 2017 2016 2015 average share prices $ 60. 51 48. $ 57.\n authorized purchase 70 million shares 2015. million shares.\n purchased. million shares 2017.\n. million shares.\n 43. 1 million shares purchased.\n.\n assets $ 22088\n-term debt $ 4289\n stockholders equity\n debt-to capital ratio 45. 8%. 8 7%.\n debt-to-net capital 31. 3%. 4%.\n cash flow-to-debt 29. 8%. 37 7% 57 8%.\n coverage..\n debt long commercial paper short-term borrowings $ 4. 7 billion $. 6 billion $. 8 billion 2017 2016 2015.\n repaid $ 250 million 5. 125%. % notes 2016.\n issued $ 500 million. 625%. 2021 $ 500 million 3. 150%. 150 % 2025 repaid $ 250 million. 0%. 2014 $ 250 million 4. 125%. april 2015.\n debt-to-capital net-net decreased 2017 debt higher equity.\n increased 2016 equity.\n cash flow-to-debt ratio increased 2017 debt.\n taxes debt.\n coverage ratio earnings.\n increase 2017 lower expense.\n decrease 2016 lower pretax earnings divestiture gains $ 1039 million 2015 higher interest expense.\n 2014 $ 3.5 billion five- year credit facility replaced 2010 $ 2. 75 billion.\n corporate purposes commercial paper borrowing.\n incurred borrowings.\n financial covenants termination.\n unsecured accessed interest currency.\n fees immaterial.\n universal shelf registration statement"
}
{
    "_id": "dd4c4e62a",
    "title": "",
    "text": "goodwill intangible assets represents excess purchase price over fair value assets business.\n company reporting units operating segments.\n second quarter 2017 completed annual assessment goodwill impairment eleven units discounted cash flow approach future growth rates terminal values discount rates.\n two-step process estimated fair value carrying value.\n fair value exceeds carrying value not impaired second step test unnecessary.\n carrying exceeds value second step impairment loss.\n estimated fair value carrying amount.\n circumstances goodwill impairment interim periods tests.\n no impairment goodwill.\n fourth quarter 2017 sold equipment care business reporting unit goodwill disposed sale.\n no events.\n changes carrying amount goodwill reportable segments global millions industrial institutional energy other.\n\n december 31 2015 $ 2560. 662. 7 3151. 5 115. 6490. 8\n 62. 7\n december 31 2015 2623. 5 600. 3151. 5 115. 8 6490.\n current year business combinations 3. 6\n year business combinations. 5\n reclassifications.\n foreign currency translation -45. 5. 55 -115. 115.\n december 31 2016 $ 2585. 590. 7 3093. 6 113. 6383.\n current year business combinations 123. 403. 7 8. 63. 9 599.\n year business combinations.\n.\n foreign currency translation 88. 32. 101. 227.\n december 31 2017 $ 2797. 1027. 3203. 7 139. 7167.\nestablishment life sciences unit first quarter 2017 goodwill allocated fair value.\n industrial segment operations food beverage healthcare aggregated industrial institutional segments.\n note 17.\n 2017 expects $ 79. 2 million goodwill tax deductible.\n 2016 $ 3. 0 million goodwill tax deductible.\n purchase price allocation adjustments acquisitions preliminary.\n immaterial reclassifications balances reclassifications first quarter."
}
{
    "_id": "dd4bd0e78",
    "title": "",
    "text": "liquidity capital resources table summarizes liquidity data december 31.\n 2016 2015\n cash equivalents $ 227400 $ 87397\n debt 3365687 1599695\n maturities 57494\n facilities 2550000 1947000\n 1019112 1337653\n liquidity 1246512 1425050\n 3365687 1599695 maturities 1337653 debt amounts values repaid debt issuance costs $ 23. 9 million $ 15. million 2016 2015.\n issuance costs $ 2. 3 million $ 1. 5 million.\n revolving credit facilities receivables securitization facility letters credit.\n liquidity fund operations expansion acquisitions.\n primary sources liquidity cash flows operations credit facilities.\n working capital expenditures excess acquisitions debt.\n cash flows investing activities.\nacquisitions accessed debt financing revolving credit senior notes receivables securitization facility.\n debt 2022 senior secured credit facilities january 2021 term loans $ 750 million. $ 2. 45 billion revolving credit. billion variable $ 72. 7 million 2022 senior notes $ 600 million may 2023 4. 75%. fixed rate euro notes $ 526 million april 2024. receivables securitization facility $ 100 million november 2019 variable paper financing transactions liquidity january 2016 amendment secured credit 20ac500 million euro notes november 2016 receivables securitization.\n rhiag acquisition million euro notes.\n alternative financing long term notes.\n interest rates acquired debt 6. 45%. 7. 25%.\n 20ac500 million senior notes 3.rhiag borrowings term financing rates.\n refinancing financial flexibility growth availability revolver.\n acquisition revolver funding.\n 2016 $ 1. 02 billion.\n $ 227. 4 million cash $ 1. 25 billion liquidity decrease $ 178. 5 million.\n proceeds sale pgw's glass pay borrowings increase liquidity $ 310 million transaction."
}
{
    "_id": "dd4c2dccc",
    "title": "",
    "text": "company consolidates assets liabilities entities leases office buildings aircraft.\n entities variable interest company primary beneficiary.\n reflects property plant equipment $ 156 million $ 183 million assets $ 14 million $ 12 million long-term debt $ 150 million 6 $ 192 million 8 minority interest liabilities $ 22 million $ 6 million accrued liabilities $ 1 million $ 0 may 27 2007 may 28  2006.\n liabilities represent additional claims assets.\n creditors claims assets entities.\n enters arrangements future payments unconditional purchase.\n arrangements.\n capital lease debt obligations totaled $ 3. 6 billion may 27 2007 liabilities balance sheet.\n operating lease obligations unconditional purchase obligations $ 645 million 2007 not.\ncompany obligations 2007 discontinued operations.\n less 1 year 1-3 years 3-5 years 5\n long-term debt $ 3575. 18. 48. 1226. 2281.\n lease. 79. 137 147.\n purchase 188. 57. 69\n $ 4220. 155. 254. 1378. 2432.\n obligations $ 4. 2 billion decrease $ 237 million 2006 fiscal year-end.\n reduction lease obligations sale packaged meats operations.\n obligated pay interest long-term debt obligations.\n average interest rate 7. 2%."
}
{
    "_id": "dd4bc3dea",
    "title": "",
    "text": "company files income tax returns.\n federal states foreign jurisdictions.\n subject to.\n local.\n income tax examinations before 1999.\n examination.\n tax returns 2002 2004 completed end first quarter 2008.\n adjustments tax positions.\n payments assessments 2002 2004 audit until final agreement resolution.\n.\n limited audit activity.\n state foreign jurisdictions.\n expects liability unrecognized tax benefits change insignificant next 12 months.\n adopted fasb interpretation.\n uncertainty income taxes 2007.\n recognized increase liability unrecognized tax benefits reduction january 1 2007 retained earnings.\n reconciliation unrecognized tax benefits federal state foreign tax.\n balance at january 1 2007 691\n additions tax positions current 79\n additions prior years 143\n reductions prior\n-24 ( 24 )\n reductions statute limitations -20 ( 20 )\n gross utb balance december 31 2007 $ 680\n net utb impacting tax rate $ 334\n unrecognized tax benefits tax rate $ 261 million $ 334 million.\n net utb adjusting gross balance federal state.\n deferred items interest penalties deductible taxes.\n consolidated balance sheet.\n recognizes interest penalties unrecognized tax benefits.\n january 1 december 31 accrued interest penalties $ 65 million $ 69 million.\n.\n disallowance shorter deductibility period tax rate payment cash.\n 2007 2006.\n federal state income tax returns changes financial position.\n 2006 audit.\n tax returns 2001.\n final settlement refund claim.\n resolved audits european countries.\ncompany completed preparation 2005.\n federal state tax returns.\n adjustments.\n lower.\n taxes on dividends foreign subsidiaries.\n made quarterly adjustments reserves for tax contingencies.\n resulted reserves 2006 by $ 149 million refund claims.\n 2005 intent reinvest $ 1. 7 billion foreign earnings united states american jobs creation act 2004.\n opportunity tax"
}
{
    "_id": "dd4bbe1b0",
    "title": "",
    "text": ". 1 million acres. 7 million hectares.\n products brand trademarks international paper.\n non-durable goods processed foods poultry meat agricultural products.\n raw material energy costs freight costs manufacturing efficiency product mix.\n sales profits temple-inland brazil packaging business 2013.\n acquisition olmuksa international paper. net sales corrugated packaging totals 2013 higher ownership percentage.\n net sales 2013 increased 12% % $ 14. 8 billion $ 13. 3 billion 2012 42% $. billion 2011.\n profits 69% ( 69 % higher 2012 57% 57 % higher 2011.\n temple-inland 36% ( 36 % higher 2012 59% % higher 2011.\n lower sales volumes 73 higher operating costs 64 maintenance costs input costs $ 102 million.\nprofits 2013 $ 62 million temple-inland gain $ 13 million turkey net gain $ 1 million other items 2012 $ 184 million temple mill divestiture $ 91 million restructuring european packaging business $ 17 million $ 3 million gain items.\n.\n sales $ 14810 13280\n profit\n north american packaging net sales $ 12. 5 billion 2013 $ 11. billion 2012. billion 2011.\n profits $ 1. 8 billion.\n sales volumes decreased 2013 demand.\n sales price higher increases containerboard boxes.\n input costs higher recycled.\n freight costs.\n maintenance downtime costs higher.\n costs decreased offset inflation overhead distribution costs.\n 850000 tons downtime 450000 market- related 400000.\n 2012 945000 tons downtime 580000 market-related 365000.\nprofits 2013 $ 62 million temple-inland.\n 2012 $ 184 million acquisition $ 91 million divestiture containerboard mills.\n sales volumes shipping days winter weather.\n costs higher energy recycled fiber wood starch.\n maintenance downtime spending $ 51 million higher outages six mills.\n manufacturing costs lower.\n impacted winter weather 2014.\n packaging sales operations turkey consolidated.\n $ 1. 3 billion $. 2012. 2011.\n profits $ 43 million"
}
{
    "_id": "dd4bc15d6",
    "title": "",
    "text": "entergy new orleans.\n financial utility transmission business retirement debt preferred securities.\n operations net income 2011 increased $ 4. 9 million lower operation maintenance expenses lower taxes tax rate lower interest expense revenue.\n 2010 unchanged increasing $. 6 million higher net revenue lower interest expense taxes depreciation amortization expenses.\n net revenue operating revenues fuel expenses gas power expenses regulatory charges.\n analysis change net revenue 2011 2010.\n.\n 2010 net revenue $ 272.\n retail electric price.\n gas revenue.\n cost recovery.\n.\n.\n 2011 net revenue $ 247.\n retail electric price variance due formula rate plan decreases.\n note 2.\n net gas revenue variance milder weather 2011.\ngas cost recovery 2010 $ 3 million gas asset entergy orleans gas rate plan amortization.\n note 2 financial."
}
{
    "_id": "dd4c4ed78",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries management commissions fees $ 3. 20 billion 2018 5% higher 2017 cash equity futures volumes market.\n revenues $ 9. 45 billion 2018 23% higher 2017 higher equity interest rate commodities.\n offset lower results mortgages lower credit products.\n $ 5. 82 billion 2% lower 2017 losses public equities offset higher gains private equities.\n.\n $ 3. 77 billion 2018 28% % higher 2017 higher interest rates collateralized agreements assets deposits loans higher yields.\n offset higher interest expense higher interest rates liabilities collateralized financings deposits long-term borrowings borrowings deposits.\n disclosures 2014 assets liabilities.\n 2016 $ 32.billion 2017 6% % higher 2016 higher investment banking interest.\n offset lower market commissions fees.\n.\n investment banking $ 7. 37 billion 18% higher 2016.\n financial advisory higher mergers acquisitions.\n underwriting higher debt equity.\n investment management $ 5. 80 billion 7% 7 % higher 2016 higher management fees assets transaction revenues.\n commissions fees $ 3. 05 billion 5% 5 % lower 2016 cash equity.\n.\n.\n $ 7. 66 billion 23% 23 % lower 2016 lower revenues commodities currencies credit products interest rate equity derivative products.\n offset higher equity cash improved mortgages.\n transactions $ 5. 91 billion 75% higher 2016 net gains private equities.\nnet gains from public equities higher equity prices increased.\n net interest income.\n $ 2. 93 billion 2017 13% higher than 2016 higher interest rates agreements loans receivable financial instruments interest rates assets deposits.\n increase income offset by higher interest expense interest rates long borrowings deposits short-term borrowings collateralized financings.\n disclosures 2014 2019.\n provision for credit losses loans receivable lending commitments.\n note 9 consolidated financial statements.\n.\n millions 2018 2017 2016\n losses $ 674 $ 657 $ 182\n sachs 2018 form 10-k"
}
{
    "_id": "dd4ba302c",
    "title": "",
    "text": "net revenues increased $ 203. 9 million. $ 5193. 2 million from 4989. 2 million 2017.\n revenues product category.\n apparel 3462372 3287121 175251. 3%.\n footwear.\n accessories.\n sales 4948043 4770799.\n.\n fitness 120357.\n revenues $ 5193185 4989244 $ 203941 4. 1%.\n increase apparel sales growth footwear.\n offset decline accessories.\n license revenues increased $ 8. 2 million. $ 124. 8 million 2018 from 116. 6 million 2017.\n fitness revenue increased $ 18. 5 million. $ 120. 4 million 2018 from 101. 9 million 2017 subscribers applications.\n profit increased $ 89. 1 million to $ 2340.2018 2251. 4 million 2017.\n gross profit unchanged 45. 1%.\n impacted lower promotional activity product cost lower air freight international fitness revenue foreign currency offset higher sales-price restructuring charges.\n 2019.\n administrative expenses increased $ 82. 8 million $ 2182. 3 million 2018 2099. million 2017\n 42.\n marketing costs decreased $ 21. 3 million $ 543. 8 million. 1 million 2017.\n restructuring.\n offset higher costs brand investments international business.\n decreased 10. 5%. 2018.\n other costs increased $ 104. 1 million $ 1638. 5 million. 4 million 2017.\n higher incentive compensation expense expansion international business.\n increased 31. 6%. 2018.\n restructuring charges increased $ 59. 1 million $ 183. 1 million 124. million 2017.\n restructuring plans.\n income decreased $ 52. 8 million. loss $ 25. million 2018 $ 27. 8 million 2017.\n decreased. 4%. 2018. 2017\n impacted $ 203. 9 million restructuring charges.\n impacted $ 129. 1 million restructuring.\n decreased $. 9 million $ 33. 6 million 2018 $ 34. 5 million 2017."
}
{
    "_id": "dd4c1f7f8",
    "title": "",
    "text": "2022 secondary market same store communities 1 million less 1% public multifamily reit units owned stabilized 12 months.\n 2022 non-same store communities recent acquisitions development lease-up disposition significant casualty loss.\n.\n segments year comparisons.\n apartment community development lease-up added after owned stabilized 12 months.\n stabilized after 90% occupancy 90 days.\n disposition excluded.\n properties acquired post merger non-same store 2017 recent not owned stabilized 12 months january 1 2017.\n note 14 consolidated financial statements annual report form 10-k.\n apartment communities large markets southeast southwest regions states.\n maintain product mix geographic diversification asset allocation.\n efficiency management overhead structure.\n experience acquisition multifamily communities.\n increase apartment communities in growing markets.\nacquired apartment communities december 31 2017:.\n units closing\n charlotte midtown nashville tn 279 march 16 2017\n acklen west end nashville 320 december 28 2017\n sell communities assets strategy market conditions favorable redeploy proceeds acquire develop communities rebalance portfolio.\n value provide liquidity.\n redeploy net proceeds.\n market conditions solicit competing bids.\n portfolio dispositions maximize proceeds efficiency.\n december 31 2017 disposed five multifamily properties 1760 units four land parcels 23 acres.\n limited projects.\n wholly-owned companies joint ventures.\n fixed price construction contracts risk.\n manage leasing.\n expansion existing communities.\n maintain development commitment modest.\n 31 2017 incurred $ 170. 1 million development costs completed 7 projects."
}
{
    "_id": "dd4c2ed52",
    "title": "",
    "text": "breakdown aes gross margin 2000 1999.\n north america 2000 $ 844 million 25% 25 1999 $ 649 million 32% 32 % 30% 30 %\n south america $ 416 million 36% 36 % $ 232 million 28% 79% %\n caribbean $ 226 million 21% $ 75 million 24% 24 % 201% 201 %\n europe/africa $ 371 million 29% 29 % $ 124 million\n $ 138 million 22% 22 % $ 183 million 37% 37 % 26% 26 %\n venezuela colombia.\n increased 11 million $ 82 million 2000 71 1999.\n 1%.\n business development.\n increased 506 million $. billion 2000 632 million 1999.\n 15%.\n new businesses costs senior debt convertible securities.\nincreased $ 16 million to $ 31 million 2000 from $ 15 million 1999.\n includes foreign currency gains losses non-operating income.\n due to legal judgment sale development projects.\n incurred $ 79 million costs acquisition ipalco.\n sold assets for $ 162 million.\n $ 31 million.\n $ 88 million debt.\n $ 29 million gain buyout power sales agreement.\n proceeds $ 110 million offset costs $ 19 million impairment loss $ 62 million.\n independent appraisal.\n repaid non-recourse debt extraordinary loss $ 11 million."
}
{
    "_id": "dd4c1adf2",
    "title": "",
    "text": "may 2000 subsidiary acquired 5% non-voting shares eletropaulo $ 90 million.\n january 2000 59% shares acquired $ 1 billion auction national development bank.\n price $ 72. 18 per 1000 shares paid four annual installments 18. 5%. total price installments 25. 9%. 28. 5%. annually.\n december 31 2000 interest 49. 6%. eletropaulo.\n equity method.\n august 2000 subsidiary acquired 49% interest songas limited $ 40 million.\n owns gas-to-electricity project tanzania.\n.\n refurbishment five natural gas wells tanzania 65 mmscf/day gas processing plant 230 km marine pipeline dar es salaam conversion 112 mw power station natural gas optional additional unit.\n no rev enues expenses incurred results.\n december 2000 subsidiary..\n ) additional 3. 5%. interest light from two sub sidiaries reliant energy for $ 136 mil- lion.\n acquired 30% shares edf acquired remainder.\n owns 21. 14%. light.\n december 2000 subsidiary edf acquire additional 9. 2%. interest light companhia siderurgica nacional (.\n acquired additional 2. 75%. interest light for $ 114. million.\n transaction closed january 2001.\n aes edf trolling shareholders light eletropaulo.\n edf control eletropaulo businesses edf electric workshop business.\n edf rationalization ownership aes sole controlling shareholder eletropaulo edf light.\n aes eletropaulo operating results.\n approval brazilian regulatory authorities.\n no assurance rationalization.\n1999 subsidiary acquired subscription rights eletrobras non voting shares eletropaulo common light.\n purchase price $ 53 million $ 77 million represented. 7%. 4%. ownership capital.\n table financial information investments 50% owned investments equity.\n years december 2000 1999 1998\n revenues $ 6241 $ 5960 8091\n operating income 1989\n net income 859\n assets 2423\n noncurrent 13080\n liabilities 3370\n stockholder's equity 6206"
}
{
    "_id": "dd4c34978",
    "title": "",
    "text": "annual report consolidation 2013 february 28 2010 company adopted amended guidance con solidation.\n clarifies decrease ownership provisions applies subsidiary business nonprofit activity transferred equity investee joint venture exchange assets noncontrolling interest.\n expands disclosures deconsolidation subsidiary derecognition.\n impact financial statements.\n. acquisitions december 17 2007 acquired capital stock beam wine estates.\n subsidiary fortune brands. subsidiaries atlas peak vineyards. buena vista winery. clos du bois. gary farrell wines.\n peak wines international.\n.\n acquired.\n wine portfolio fortune brands. wineries vineyards california super-premium fine california wine brands.\n strengthening portfolio fast-growing super-premium wines.\nbwe acquisition leading wine premium.\n consideration paid cash $ 877. 3 million.\n incurred acquisition costs $ 1. 4 million.\n purchase price financed proceeds december 2007 notes revolver borrowings june 2006 credit agreement.\n acquired assets recorded fair value date acquisition.\n purchase price based estimated future results.\n june 2008 sold businesses california wineries brands washington idaho.\n results operations reported wines segment consolidated results.\n table summarizes fair values assets acquired liabilities assumed acquisition.\n assets $ 288. property plant equipment.\n.\n equipment.\n goodwill 334.\n trademarks.\n other assets.\n acquired 983.\n liabilities.\n long-term liabilities.\n.\n assets acquired 878.\n. acquired liabilities. long-term liabilities.liabilities assumed 105. assets acquired $ 878. trademarks not subject amortization.\n goodwill deductible tax.\n acquisition svedka acquired svedka vodka brand spirits marque one.\n svedka premium swedish vodka.\n supported premium spirits business foundation portfolio growth.\n super-premium premium brand.\n cash acquisition $ 385. 8 million.\n incurred direct acquisition costs $ 1. 3 million.\n financed revolver borrowings june 2006 credit agreement.\n acquired assets recorded fair value.\n purchase price based estimated future operating results svedka.\n constellation wines segment consolidated results."
}
{
    "_id": "dd4c4ad90",
    "title": "",
    "text": "accounts receivable aging expo sures historical trends.\n lower cost market value determined fi rst-in-out fifo method.\n matches products manufacture through sale.\n net value inventory includes saleable promotional products raw materials work process.\n cost includes raw materials labor overhead.\n record inventory obsolescence reserve difference cost estimated realizable value sales projections.\n reserve calcu lated estimated obsolescence percentage trends.\n establish reserves future events.\n post-retirement benefit costs benefi ts domestic-based noncontributory pension plan.\n unfunded domestic pension plan.\n domestic contributory con tribution plan international pension plans deferred compensation arrange other post-retirement benefi t plans.\n future payouts subject assumptions variables.\n discount rate return future compensation levels.\nevaluate assumptions actuarial advisors believe within accepted industry ranges increase net earnings.\n pre-retirement discount rate plan benefi cost based rated long-term bonds.\n used discount domestic plans 6. 25%. international plans.\n based bond portfolio long-term bonds aa rating major rating agency.\n timing cash match benefi payment streams domestic plans.\n used expected return on assets 7. 75%. )\n rates 3.%. 25%. international plans.\n long-term rate return consider historical rates strategies.\n.\n asset alloca tion 2008 40% equity 42% debt securities 18% 18 % other ments.\n international plans 45% ( 45 % equity investments 38% 38 % debt securities 17% 17 % other.\n difference between actual expected return assets accumulated income.\ngains/losses amortization future net benefi cost.\n 2008 pension plans negative return $ 19. 3 million expected return $ 47. 0 million net deferred loss $ 66. 3 million $ 34 million amortiza 8 to 16 years.\n negative return related to performance equity markets past year.\n 25 basis-point change discount rate 2008 pension expense 25 increase decrease.\n $ -2. $ 2.\n return assets $ -1.\n post-retirement plans health care impacted by cost trend rates.\n one-percentage-point change health care cost trend rates companies.\n"
}
{
    "_id": "dd4bd3790",
    "title": "",
    "text": "performance graph shows five-year stockholder return common stock october 31 2010 25 2015.\n compared return standard poor 2019s 500 index rdg semiconductor composite index.\n assumes $ 100 invested october 31 2010 common stock reinvestment dividends.\n rounded nearest dollar.\n represents past future.\n 5 year return materials. s&p 500 index semiconductor composite index $ 100 invested reinvestment dividends.\n.\n registered trademark standard poor 2019s financial services subsidiary mcgraw-hill companies.\n 10/31/2010/28/2012\n.\n&p 500.\n semiconductor composite index. 170.\n 2015 2014 declared quarterly cash dividends $ 0. per share.\n2013 declared three dividends $ 0. 10 one $ 0. 09.\n dividends 2015 2014 2013 $ 487 million $ 485 million $ 456 million.\n dividends quarterly future financial capital requirements business conditions stockholders.\n 10/31/10 10/30/11/28/12/27/13/26/14 10/25/15.\n s&p 500 semiconductor composite"
}
{
    "_id": "dd4c2d13c",
    "title": "",
    "text": "accounting pronouncements note 1 policies consolidated financial statements item 8 pronouncements relevant business impact statements.\n pronouncements issued fasb.\n 2007 141 combinations 160 noncontrolling interests statements amendment arb.\n 51 2007 accounting bulletin.\n 109 aicpa statement position 07-1 audit accounting guide companies accounting parent companies equity investors. fasb final fsp 2008 delays effective date aicpa sop 07-1.\n position.\n fasb interpretation.\n investment companies settlement.\n 159 fair value option financial assets liabilities amendment fasb statement.\n 115 issued 2006 2022 sfas 158 accounting defined benefit pension postretirement benefit plans amendment fasb statements.\n 87 88 106 132 157 value measurements uncertainty income taxes fasb statement.\n2022 13-2 cash flows taxes leveraged lease transaction 156 financial assets amendment fasb statement.\n 140 155 hybrid financial instruments fasb statements.\n 133 140 issues task force 06-4 deferred compensation postretirement benefit split-dollar life insurance defined benefit pension plan noncontributory plan employees.\n benefits cash balance formula compensation levels age length service.\n pension contributions actuarially determined benefits.\n assets 60% equity remainder fixed income instruments.\n fiduciaries investment policy.\n calculate expense pension plan sfas 87 sfas 87 trust assets fair market value.\n actuarial assumptions plan discount rate compensation increase expected return assets.\n pension expense.\n expected long-term return assets.\n pension cost 2007 8. 25%. unchanged 2006.\ncurrent accounting rules difference accumulated amortized pension expense future.\n percentage point difference expense $ 4 million amortized.\n table effects pension expense changes assumptions 2008 expense baseline.\n pension expense.\n. 5%. decrease discount rate\n. decrease long-term return assets\n. increase compensation rate\n pretax pension benefit $ 26 million 2008 $ 30 million"
}
{
    "_id": "dd4b98866",
    "title": "",
    "text": "consolidated financial statements 2014acquisitions emagic fourth quarter 2002 acquired provider software music production $ 30 million cash $ 26 million paid immediately $ 4 million held-back future payment 3 years.\n 2003 contingent $ 1. 3 million paid.\n acquisition accounted purchase.\n price in-process research development expensed immediately technology tradename amortized 3 years.\n goodwill not subject amortization.\n.\n allocated.\n assets.\n technology.\n tradename.\n-process research development.\n goodwill.\n consideration.\n purchase price ipr&d expensed acquisition technological feasibility alternative future uses.\n emagic 2019s logic series technology extensions.\n products 43%-83% complete remaining work fiscal 2003 cost $ 415000.\n remaining efforts 2003 user interface design development testing.\nfair value ipr&d determined income approach projected free cash flows attributable acquired technology net cash flows discount rate 25%.\n acquisition zayante. prismo graphics silicon grail 2002 acquired technology patent rights. $ 20 million.\n transactions accounted asset acquisitions.\n $ 1 million contingent consideration 3 years technology amortized 3 years assets patent royalty amortized 10 years.\n acquisition 2002 assets tools digital image creation.\n $ 15 million purchase price allocated $ 7 million acquired technology amortized 5 years.\n remaining $ 8 million contingent consideration"
}
{
    "_id": "dd4c56f32",
    "title": "",
    "text": ".\n commitments contingencies indemnified securities financing commitments standby letters.\n potential loss equal contractual amount collateral.\n summary contractual instruments at december 31.\n third parties.\n 2006.\n indemnified securities financing $ 506032\n liquidity asset purchase agreements 35339\n unfunded commitments extend credit 17533 16354\n standby letters credit\n securities brokers.\n indemnify market failure.\n collateral funds not recorded statement.\n borrowers provide collateral equal 100% fair market value.\n revalued daily.\n.\n government securities $ 572. billion $. 37 billion collateral indemnified securities december 31 2007 2006.\n 82% % unfunded commitments extend credit liquidity asset purchase agreements expire year issue.\ncommitments expire represent future cash requirements.\n provide liquidity credit enhancements to asset-backed commercial paper programs 2018. note 11.\n issuances supported by liquidity asset purchase agreements backup liquidity lines of credit majority provided by us.\n provide direct credit support standby letters of credit.\n totaled $ 28. 37 billion at december 31 2007.\n standby letters totaled $ 1. 04 billion.\n deterioration performance shift asset risk from to us.\n conduits need back-up facilities repay maturing paper.\n acquire assets or make loans.\n book value protection to participants in postretirement 401 ( k ) plans.\n protection intermediate fixed-income securities safety.\n shortfall"
}
{
    "_id": "dd4c393a6",
    "title": "",
    "text": "common stock 2009 annual meeting shareholders september 30 2009.\n four compensation plans authorized.\n global payments.\n 2000-term incentive plan.\n 2005 non director stock option plan employee stock purchase plan approved.\n may 31 2009.\n note 11 financial statements.\n securities options warrants rights issuance compensation plans.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n equity compensation plans approved holders.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\nplan category number securities issued outstanding options warrants rights weighted average exercise price number securities remaining future issuance equity compensation plans excluding\n equity compensation plans approved 4292668 $ 28 6570132 -1 1\n plans not approved 2014\n total 4292668 $ 28 6570132 1\n includes shares common stock issuance option warrant right global payments.\n 2000 long-term incentive plan.\n 2005 incentive plan 2000 non-employee director stock option plan.\n item 13 relationships transactions director independence affiliates independence board directors headings board proxy statement 2009 annual meeting shareholders september 30.\n item 14 2014principal accounting fees services 2009 annual meeting."
}
{
    "_id": "dd4ba2c44",
    "title": "",
    "text": "earnings $ 152 million $ 0. 50 per share december 31 2016.\n income tax benefits operating cash flows $ 152 million.\n new accounting standard impact periods prior january 2016 applied changes.\n 2015 fasb issued asu.\n 2015-16 business combinations 805 simplifies accounting adjustments.\n effect earnings.\n adopted asu january 1 2016 applying business adjustments.\n november 2015 fasb issued asu.\n 2015-17 income taxes 740 simplifies deferred income taxes assets liabilities noncurrent balance sheets.\n applied provisions reclassified $ 1. 6 billion noncurrent assets $ 140 million noncurrent liabilities balance december 31 2015.\n 2013 earnings per share average.\n common shares outstanding 299.\n dilutive effect equity awards.\n weighted average common shares 303. 314.\n compute diluted earnings net earnings weighted average shares.\n includes dilutive effects assumed vesting restricted stock units stock options.\n no anti-dilutive equity awards years december 31 2016 2015 2014.\n acquisitions sikorsky aircraft november 2015 united technologies.\n purchase price $ 9. billion.\n sikorsky wholly- owned subsidiary.\n research design development manufacture military commercial helicopters.\n products s-76-92.\n acquisition business military commercial markets position aerospace defense industry.\n presence commercial international markets.\n business.\n $. billion acquisition price utilized $ 6. billion proceeds borrowed 364-day revolving credit facility $ 2. cash $ 1. commercial paper.\nfourth quarter 2015 repaid borrowings 364-day facility $ 7. billion fixed interest-rate-term notes.\n repaid $ 1. billion commercial paper borrowings."
}
{
    "_id": "dd4bcd6a6",
    "title": "",
    "text": "table illustrates effect 10% unfavorable movement foreign currency exchange rates.\n value forward exchange contracts october 30 2010 31 2009.\n 2010 contracts $ 7256 $ 8367\n unfavorable movement 22062 $ 20132\n $ -7396 7396 $ -6781 6781\n unfavorable.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 22062 20132 value contracts 10% 10 % favorable movement currency rates.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n calculation assumes exchange rate direction.\n dollar.\n volume sales foreign currency price.\n sales currency selling prices."
}
{
    "_id": "dd4bed97e",
    "title": "",
    "text": "synopsys.\n magma design automation.\n 22 shares chip design software provider per-share price $ 7. 35.\n assumed stock units options. purchase price $ 550. 2 million.\n acquisition semiconductor designers design tools.\n october 31 purchase consideration preliminary price.\n cash $ 543437\n equity awards 6797\n purchase $ 550234\n goodwill 316263\n assets 184300\n cash 116265\n debt liabilities\n purchase allocation\n. million not deductible tax sales growth cost synergies integration magma technology.\n valued income amortized three ten years.\n acquisition-related costs $ 33. 5 million 2012 employee separation contract terminations professional services facilities closure costs.\n equity awards.\ncompany assumed unvested stock units options fair value $ 22. 2 million.\n black-scholes option-pricing model value rsus based market price grant date.\n assumptions expected volatility risk-free interest rates.\n estimated historical stock price volatility.\n total fair equity $ 6. 8 million purchase consideration $ 15. 4 million future services.\n.\n financial combined results company magma."
}
{
    "_id": "dd4c51de8",
    "title": "",
    "text": "base rate increases entergy texas 2011 settlement december 2009 case july 2012 order 2011.\n 2.\n offset formula rate plan decreases entergy new orleans october 2011 gulf states louisiana september 2012.\n.\n grand gulf recovery variance costs.\n wholesale revenue decreased sales volume lower prices.\n purchased power capacity price increases.\n decreased electricity usage milder weather residential commercial sales.\n hurricane isaac 2012.\n decreased 1684 gwh 2%.\n louisiana act 55 financing savings obligation variance regulatory charge 2012 entergy gulf states louisiana savings settlement tax hurricane katrina.\n note 3 financial statements tax settlement.\n net revenue 2012 2011.\n.\n revenue $ 2045\n 2012 revenue $ 1854\nnet revenue entergy wholesale commodities decreased $ 191 million 9% 2012 due lower pricing lower volume nuclear fleet unplanned refueling outage days offset by resupply options purchase power agreements power.\n options.\n offsetting lower revenue higher revenue rhode island state energy center acquired december 2011.\n"
}
{
    "_id": "dd4c51fbe",
    "title": "",
    "text": "company share options millions.\n 2015 2014 2013\n value $ 104 $ 61 73\n cash 40 38 61\n tax benefit 36 16 15\n unamortized deferred compensation expense $ 378 million december 31 2015 remaining amortization 2. years.\n 7. 5 million shares.\n employees.\n purchased 6-month intervals 85% fair market value first.\n 2015 2014 2013 411636 439000 556000 issued.\n compensation expense $ 9 million 2015 $ 7 million 2014 $ 6 million 2013.\n plan.\n purchase after 3-year period.\n.\n 2015 2014 2013 maximum 100000 300000 350000 shares.\n 2779 642 172110 issued.\n compensation expense $ 2 million 2015 2014 $ 1 million 2013.\n.\n derivatives hedging company exposed to market risks foreign currency exchange rates interest rates.\n manage enters derivative instruments risks.\n derivative transactions trading speculative.\n risk exposed earns revenues pays expenses transfers.\n uses foreign derivatives forward contracts options cross-currency swaps reduce currency fluctuations cash flows.\n exposures hedged less than two years.\n accounted hedges changes value recorded income.\n uses derivatives forward contracts options hedge currency exposure global liquidity profile assets liabilities non currency one.\n not accounted as hedges changes value recorded."
}
{
    "_id": "dd4c4d626",
    "title": "",
    "text": "no share repurchases 2016.\n stock performance graph matches fidelity national information services. 5-year shareholder return common stock s&p 500 s&p supercap data processing outsourced services index. tracks $ 100 investment common stock index dividends 2011 to 2016.\n fidelity national information services. 134. 210. 246. 311.\n s&p 500. 116 153. 174. 177. 198.\n s&p supercap data processing outsourced services. 126 194. 218. 247. 267.\n stock price performance not indicative future price performance.\n.\n historical statements data."
}
{
    "_id": "dd4b93f5a",
    "title": "",
    "text": "september 2007 settlement united states department justice financial relationships orthopaedic manufacturers surgeons.\n paid civil settlement $ 169. 5 million recorded expense.\n no tax benefit recorded uncertainty tax treatment.\n intend pursue resolution uncertainty ascertain outcome timing.\n note 15.\n june 2006 financial accounting standards board issued interpretation.\n uncertainty income taxes.\n.\n tax benefits financial statements.\n tax benefit uncertain tax position.\n largest benefit fifty percent likelihood settlement.\n derecognition classification interest penalties income taxes disclosures.\n adopted fin 48 january 1 2007.\n long term tax liability settlement federal state foreign income tax liabilities $ 102. 1 million accrued interest liability $ 1. 7 million.\nadoption fin 48 components liability.\n liability unrecognized tax benefits $ 6. million january 1 2007.\n reduction retained earnings $ 4. million goodwill $ 61. million tax receivable $ 58. 2 million increase interest/penalty payable $ 7. 9 million 1 2007.\n 48 unrecognized tax benefits $ 95. 7 million january 1 2007 $ 28. 6 million effective tax rate.\n $ 135. 2 million december 31 2007.\n $ 41. million effective tax rate.\n reconciliation benefits.\n balance january 1 2007.\n increases.\n decreases.\n increases.\n decreases.\n decreases.\n december 31 2007.\n accrued interest penalties unrecognized tax benefits consolidated statements prior periods.\njanuary 1 2007 liability $ 9. 6 million accrued interest penalties $ 7. 5 million effective tax rate recognized.\n liability $ 19. 6 million december 31 2007.\n $ 14. 7 million tax rate.\n tax liability unrecognized benefits next twelve months significant operations financial position.\n.\n federal statute limitations open 2003 2004 examination.\n resolution twelve months impact financial.\n 1999 tax year centerpulse acquired october 2003 issue dispute.\n resolution impact tax rate adjustment goodwill.\n state income tax returns examination 3 to 5 years.\n impact federal changes year notification.\n returns.\n next twelve months impact operations financial.\n foreign jurisdictions statutes limitations 3 to 5.\nopen examination foreign tax authorities jurisdictions include australia 2003 canada 1999 france 2005 germany italy 2003 japan 2001 puerto rico 2005 singapore 2003 switzerland 2004 united kingdom 2005.\n.\n 0 7 notes consolidated financial statements"
}
{
    "_id": "dd4bb810c",
    "title": "",
    "text": "2014 benefit plans pension plans employees united states international locations.\n postretirement healthcare life insurance benefits domestic retirees international countries.\n measurement date benefit plans september 30.\n january 1 2018.\n pension plan frozen participation employees hired re-hired net pension cost years september 30.\n plans 2019 2018 2017\n service cost $ 134 $ 136 $\n interest cost\n return assets 180 154\n amortization service credit\n loss 78\n settlements\n net pension cost $ 135 $ 137 138\n $ 32 34 $\n amortization service credit loss reclassifications credits losses.\n settlement losses 2019 2018 lump sum benefit payments.\n supplemental pension plan.\n pension settlements exceed service interest cost net pension cost.\n2 accounting standard update october 1 2018 company 2019s pension postretirement costs recorded consolidated statements.\n statements 2014 becton dickinson"
}
{
    "_id": "dd4c247c6",
    "title": "",
    "text": "management financial condition results operations 2008 asp flat 2007.\n decreased 9% 9 2007 11% 11 % 2006.\n segment large customers.\n 2008 sales five largest customers 41% 41 % net sales.\n sells third-party distributors retailers 24% ( 24 % net sales 2008.\n.\n largest market 56% 56 % 2008 net sales outside.\n largest international markets brazil china mexico.\n impacted weakening.\n.\n international markets latin america impacted 2008.\n home networks mobility segment designs manufactures sells installs services digital video internet protocol video broadcast network set-tops video distribution systems broadband access infrastructure platforms data voice equipment cable television telecom providers wireless access systems.\n2009 segment 2019s net sales 36% 36 % consolidated net sales compared 33% 33 % 2008 27% 27 % 2007.\n 31 change.\n segment net sales $ 7963 $ 10086 21 % 1% 1 %\n operating earnings 558 709 39 29% 29 % )\n segment results 20142009 2019s net sales $ 8. 0 billion decrease 21% 21 % $ 10. 1 billion 2008.\n 22% 22 % decrease networks 21% 21 % home business.\n lower sales gsm cdma umts iden offset higher wimax.\n 21% 21 24% ( 24 % ) decrease digital entertainment devices 18% decrease lower shipments lower unfavorable product mix.\n segment shipped 14. 7 million digital entertainment devices 2009 18. million 2008.\n21% decrease sales driven lower sales regions.\n decrease north america due to lower home business cdma iden offset higher wimax.\n decrease emea due to lower gsm offset higher wimax home business.\n decrease asia driven by lower sales gsm umts cdma higher home business.\n decrease latin america due to lower home business iden offset higher wimax.\n sales north america 51% segment total net sales 2009 50% 2008."
}
{
    "_id": "dd4be966c",
    "title": "",
    "text": "credit commitments lines table summarizes citigroup commitments 2010 2009.\n millions.\n commercial letters credit $ 1544 $ 7430 $ 8974 7211\n one- four-family residential mortgages 2582 398 2980 1070\n revolving open-end loans 17986 2948  20934 23916\n commercial real estate construction land development 1813  594  2407  1704\n credit card lines 573945 124728 785495\n commercial loan commitments 124142 86262 210404 257342\n $ 722012 $ 222360 $ 944372 $ 1076738\n commitments contingent credit standards.\n commitments floating interest rates fixed expiration dates fees.\n deferred amortized loan.\n commercial letters credit citigroup substitutes credit.\n evidence.\n citigroup.\n- to four-family residential mortgages confirmation citigroup seller sums purchase.\n revolving open-end loans secured home equity lines of credit.\n secured second home excess fair market value over debt first.\n commercial real estate construction land development commercial multifamily residential properties land development projects.\n secured-by-real-estate unsecured commitments undistributed loan proceeds payments.\n extensions credit funded classified loans.\n credit.\n cancelable issuer.\n commercial consumer loan commitments overdraft liquidity facilities purchase loans third-party receivables note issuance revolving underwriting invest equity.\n $ 79 billion $ 126 billion original maturity less than one year at december 31  2010 2009.\n highly leveraged financing commitments funding borrower higher debt.\nfinancing acquisitions management buy-outs."
}
{
    "_id": "dd4b895c8",
    "title": "",
    "text": "consolidated financial statements jpmorgan chase co. annual report 204 interest income firm 2019s statements.\n changes cash flows prepayments reclassifications.\n quarterly firm updates loan principal interest cash flows default rates loss severities prepayments market conditions.\n decreases loan principal cash flows trigger recognition impairment measured present value principal loss foregone interest cash flows discounted effective interest rate.\n impairments after acquisition recognized loan losses.\n increases principal cash flows reverse allowance loan losses increases recognized interest income.\n impacts prepayments variable interest rates changes timing interest income.\n disposals loans removal loan credit-impaired portfolio.\n no interest nonperforming loans estimable interest accreted reported performing loans.\ncharge-offs recorded purchased credit-impaired loans until losses exceed estimated acquisition date.\n no charge-offs recorded.\n loans washington reported firm balance sheets.\n 2009 allowance loan losses $ 1. 6 billion prime mortgage option arm pools.\n carrying amount $ 47. 2 billion at december 31 2009.\n reduction carrying amount.\n credit-impaired loans.\n outstanding balance $ 103369 $ 118180\n carrying amount\n contractual principal interest fees earned reporting date.\n purchased credit-impaired loans modified under mha programs loss mitigation programs.\n impact incorporated assessment cash accounted purchased.\n acquires borrowers loan restructur foreclosures recorded balance sheets.\n real. commercial personal property.\nproperty valued fair value less costs.\n reviewed adjusted.\n adjustments first 90 days charged loan losses noninterest revenue.\n taxes charged.\n allowance credit losses asset-specific formula-based credit-impaired loans.\n asset-specific loans impaired debt restructuring risk-rated nonaccrual status.\n asset-specific allowance impaired loans discounted cash flows market price lower than recorded investment.\n larger loans evaluated individually smaller historical loss experience.\n risk-rated loans pooled by risk rating scored loans. product type.\n-specific allowance difference recorded investment present value cash flows original interest rate.\n changes impairment reported loan losses not interest income.\n asset-specific allowance impaired loan measured difference recorded investment fair value.\nimpaired loans charged value less costs.\n updated appraisals six twelve months.\n firm considers borrower market-specific factors"
}
{
    "_id": "dd4c0e49e",
    "title": "",
    "text": "performance graph not filed incorporated into valero filings securities act 1933 exchange act 1934.\n graph based historical data not indicative future performance.\n compares return common stock against s&p 500 composite index peer companies five-year period 2007 2012.\n peer group ten alon usa energy. bp cvr energy. hess hollyfrontier marathon petroleum 66 royal dutch shell tesoro western refining.\n chevron exxon mobil replaced with bp psx rds.\n 2012 psx independent added group.\n cvx xom replaced with bp rds.\n comparison 5 year cumulative total valero energy s&p 500 index.\n 12/2007 12/2008 12/2011\n valero common stock $ 100. $.\n s&p 500.79. 67 91. 93. 61 108.\n. 80 76. 88. 111.\n. 66. 86. 72 74. 76.\n investment valero stock $ 100 2007.\n return share price appreciation reinvestment dividends."
}
{
    "_id": "dd4b97ab0",
    "title": "",
    "text": "sales engineered products solutions improved 7% 2016 higher sales two acquired businesses $ 457 ) increased demand industrial gas turbine offset lower volumes oil gas commercial transportation pricing pressures.\n sales improved 27% % 2015 2014 $ 1310 ) three acquired businesses higher volumes.\n offset foreign currency weaker euro.\n increased $ 47  8% 2016 productivity improvements volume increase revenue lower margin product mix pricing pressures.\n increased $ 16 3% 2015 net productivity improvements acquisitions higher volumes.\n offset unfavorable price product mix higher costs growth foreign currency weaker euro.\n demand commercial aerospace strong new engine platforms offset customer destocking engine ramp-up challenges.\n defense market ramp aerospace programs.\nnet productivity improvements anticipated pricing pressure.\n transportation construction solutions.\n 2015\n third-party sales $ 1802 $ 1882 $ 2021\n $ $ 166 $\n transportation solutions segment produces nonresidential building construction commercial transportation.\n aluminum structural systems architectural extrusions forged aluminum commercial vehicle wheels sold distributors.\n small part industrial.\n sales costs expenses transacted local currency.\n dollar euro brazilian real.\n sales decreased 4% 2016 lower demand commercial rising demand building construction.\n decreased 7% unfavorable foreign currency movements weaker euro lower volume.\n increased $ 10 6% 2016 net productivity improvements growth building lower demand north brazilian markets."
}
{
    "_id": "dd4c47e6a",
    "title": "",
    "text": "interest expense $ 17 million less 2004 reduction debt $ 316 million.\n charges declined $ 30 million 2004 lower environmental remediation legal workers compensation expenses absence 2003 charges.\n earnings $ 28 million higher 2004 higher earnings equity affiliates.\n effective tax rate 2004. 29%. 76%. 2003.\n reduction subsidy medicare act tax non-.\n earnings resolution.\n federal income tax years.\n net income 2004 $ 683 million increase $ 189 million 2003 earnings per share 2013 increased $. $ 3. 95 per share.\n business segments net sales income.\n income revised change allocation pension postretirement benefit costs 2004.\n coatings sales increased $ 440 million % 2004.\nincreased 6% 4% currency translation.\n declined 1% 1 % lower selling prices automotive.\n income increased $ 58 million.\n higher sales volume currency translation manufacturing efficiencies 20 million.\n inflationary cost increases 82 million lower selling prices.\n glass sales increased $ 54 million 3%.\n 6% 6 performance glazings automotive.\n increased 2% 2 % currency translation.\n declined 5% 5 % lower selling prices.\n income increased $ 98 million.\n improved manufacturing efficiencies 110 million higher sales volume equity earnings gains sale/leaseback precious metals 19 million.\n lower selling prices.\n fiber glass volumes 15% pricing declined.\n equity earnings joint venture.\n reductions.\n chemicals sales increased $ 263 million 15 %.\n 10% improved volumes 4% 4 higher selling prices.\nsales increased 1% foreign currency translation european operations.\n income increased $ 63 million 2004.\n higher prices higher sales volume improved manufacturing efficiencies $ 25 million lower environmental expenses.\n decreasing income inflationary cost increases $ 40 million higher energy costs $ 79 million.\n pension postretirement benefit costs 2004 $ 45 million lower 2003.\n reflects market growth pension plan assets $ 140 million cash pension subsidy medicare act 12.\n environmental matters involved lawsuits claims monetary damages.\n 3 proceedings 13 proposed settlement asbestos claims.\ndiscussed item 3 note 13 future litigation unpredictable management believes lawsuits ppg including asbestos settlement ppg financial position liquidity outcome material results operations.\n company named defendant antitrust lawsuits.\n suits allege ppg acted fix prices allocate markets flat glass automotive refinish industries.\n 2005 ppg annual report form 10-k"
}
{
    "_id": "dd4c54002",
    "title": "",
    "text": "republic services .\n financial statements 2014 discount rate obligations expected benefit payments high quality bonds.\n yield curve discount rate.\n yields.\n term obligation retirement dates seven years.\n evaluated historical performance long-term return projections plan assets asset mix timing outflows.\n total return investment approach equity fixed income investments long-term return.\n minimize plan expenses outperforming liabilities.\n risk tolerance plan liabilities funded status financial condition.\n investment portfolio diversified equity fixed income investments.\n diversified.\n.\n stocks growth value small capitalizations.\n derivatives market exposure leverage portfolio beyond market value.\n risk monitored annual liability measurements asset liability studies quarterly portfolio reviews.\n table summarizes target asset allocation december 31 2018 actual 2018 2017.\n\n december 31 2018 targetassetallocation 2017\n debt securities 82% ( 82 % ) 83% ( 83 % ) 70% 70 %\n equity securities\n 100% 100 %\n asset allocations reviewed rebalanced funded status.\n strategy diversified portfolio average long-term return. 20%.\n.\n assets allocated debt equity portfolios fluctuations.\n asset allocation target ranges strategies reviewed independent consulting firm."
}
{
    "_id": "dd4b96f16",
    "title": "",
    "text": "rent $ 83. million $ 59. million $ 41. 8 million years 2015 2014 2013 non-cancelable lease agreements.\n contingent rent $ 11. million $ 11. $ 7. million 2014 2013.\n company promote brand products.\n sponsorship agreements collegiate professional supplier agreements athletic event sponsorships commitments.\n schedule future minimum payments sponsorship agreements december 31 2015 2015.\n 2016 126488\n 2017 138607\n 2018 137591\n 2019 98486\n 2020 67997\n 2021 289374\n future minimum sponsorship payments $ 858543\n minimum compensation obligations guaranteed royalty fees sponsorship agreements.\n performance incentives product supply obligations.\n product supply obligations.\n playing conditions sporting events decisions marketing.\ncosts to design develop source purchase products endorsers incurred not tracked from customers.\n company agreed to indemnify counterparties against claims infringement intellectual property.\n indemnification obligations apply misconduct bad faith.\n fair value indemnifications not material to financial position results operations.\n involved in litigation commercial intellectual property disputes trade regulatory claims.\n believes proceedings routine incidental business financial position results cash flows.\n new class common stock c common stock $ 0. 0003 1/3 per share four class action lawsuits brought"
}
{
    "_id": "dd4c1cdc8",
    "title": "",
    "text": "pricing loans.\n valuation assumptions inputs.\n adjustments uncertainties market conditions liquidity.\n credit risk valuation rates return loans.\n classify portfolio level 3.\n equity investments valuation requires management judgment quoted market prices lack liquidity long-term nature.\n carrying values interests reflect exit price based techniques publicly traded price adjusted earnings independent appraisals financing sale transactions pricing financing.\n 2013 fair value measurements disclosures investments net asset value share.\n value indirect investments private equity net asset value financial statements.\n adjustments value change value.\n investments classified level 3.\n resale agreements structured resale agreements economically hedged financial derivatives fair value.\n determined model market data interest rates.\nobservable market inputs external sources yield curves volatility market-related data.\n instruments classified level 2.\n blackrock series c preferred stock february 2009 2. 9 million shares fair value.\n hedges blackrock ltip liability.\n fair value determined third-party modeling approach includes observable unobservable inputs.\n considers expectations default/liquidation liquidity discounts inability sell security price.\n security classified level 3.\n assets values determined pricing models discounted cash flow methodologies significant model assumption input unobservable.\n assets liabilities assets consolidated.\n assets liabilities consolidated\n december 31 2009 $ 14151 $ 295  22% ( 22 % ) 6% ( 6 % ) 5% ( 5 % )\n31 2008 7012 19% 19 % < 1% 2% 2 %\n securities transferred 3 exceeded $ 4. 4 billion.\n securities 3 2009 2008 non residential mortgage asset volume decreased.\n no issues.\n valuation methodology 2009.\n level 3 assets commercial mortgage loans equity securities auction rate corporate debt private equity investments residential mortgage servicing rights."
}
{
    "_id": "dd4c648e4",
    "title": "",
    "text": "westrock company notes consolidated financial statements reconciliation unrecognized tax benefits millions.\n 2017 2016\n balance fiscal year $ 148. 9 $ 166. $ 106. 6\n additions purchase accounting 3. 7. 16.\n tax positions current year 3. 5. 30.\n prior fiscal years 18. 15. 2 20.\n reductions prior years -5. 3. 6 7.\n reductions settlement. 4 29. -1. 3\n currency translation adjustments. 6 9. 2. 7.\n reductions lapse statute -2. -8. -3.\n end fiscal year $ 127. $ 148. 9 $ 166. 8\n amounts 2018 2017.\n adjustments 2016.\n state audit examinations federal returns.\n.\n unrecognized tax benefits $ 127.1 million $ 148. 9 million exclusive interest penalties.\n unrecognized tax benefits $ 108. 7 million $ 138. million benefit effective tax rate.\n evaluate liabilities changing facts circumstances.\n recognize estimated interest penalties unrecognized tax benefits income expense.\n 2018 liabilities $ 70. 4 million.\n 2017 liabilities $ 81. 7 million.\n results 2018 2017 2016 expense $ 5. 8 million $ 7. 4 million $ 2. 9 million net indirect benefits.\n unrecognized tax benefits decrease $ 5. million next twelve months expiration limitations settlement issues.\n file federal state local income tax returns.\n foreign jurisdictions.\n no longer subject.\n income tax examinations 2015 2008.\n.\n 2011 not subject 2005.\nbelieve tax positions appropriate subject audit modifications no assurance affect results financial condition cash flows.\n.\n report financial results three segments corrugated packaging recycling consumer packaging mills land development real estate charleston sc region.\n combination separation fourth segment specialty chemicals.\n sale consumer packaging segment included hh&b.\n income expenses not allocated segments"
}
{
    "_id": "dd4c086ac",
    "title": "",
    "text": "management analysis jpmorgan chase co. annual report derivative contracts firm uses market-making activities.\n interest rates currencies markets.\n credit market risk.\n counterparty settlement mechanism affect credit risk.\n credit risk.\n exchange traded derivatives futures options credit risk.\n credit risk legally enforceable netting arrangements collateral agreements.\n contracts settlement note 6.\n table net derivative receivables.\n.\n millions 2016 2015\n interest rate $ 28302 $ 26363\n credit derivatives\n foreign exchange\n equity\n commodity\n cash collateral 64078 59677\n liquid securities derivative receivables -16580\n collateral $ 41373 $ 43097\n collateral derivative instruments legal opinion sought.\nreceivables were $ 64. 1 billion $ 59. 7 billion at december 31 2016 2015.\n represent fair value contracts after master netting agreements cash collateral firm.\n credit risk additional liquid securities.\n government agency securities government bonds cash collateral $ 22. 7 billion $ 16. 6 billion at december 31 2016 2015 security firm favor.\n change receivables related to market-making activities.\n market movements increased foreign exchange receivables reduced commodity receivables.\n firm holds additional collateral cash government securities securities corporate debt equity securities clients contracts non-daily call frequency settled.\n collateral reduce balances available as security against potential exposure value firm.\n include credit enhancements.\n note 6.\nnet fair value derivative receivables capture future variability.\n firm calculates three measures derivatives credit loss peak derivative risk equivalent average exposure.\n incorporate netting collateral benefits.\n peak conservative exposure counterparty equivalent 97. 5%. confidence level.\n credit limits reporting exposure management.\n dre exposure risk derivative.\n less extreme derivative risk.\n avg expected fair value derivative receivables future collateral.\n primary metric pricing credit capital cva.\n three year avg exposure $ 31. 1 billion $ 32. 4 billion at december 2016 2015 compared receivables collateral $ 41. 4 billion $ 43. 1 billion 2016 2015.\n fair value derivative receivables incorporates credit quality counterparties.\n avg counterparty credit spread.\ncva credit spreads deal activity market environment.\n firm risk management credit"
}
{
    "_id": "dd4976010",
    "title": "",
    "text": "prior service cost net actuarial gains losses non-operating income.\n adopted requirements.\n 2017-07 january 1 2018 retrospective transition method.\n adoption.\n 2017-07 increase consolidated operating profit $ 471 million $ 846 million 2016 2017 decrease non-operating income.\n impact business segment profit net earnings cash flows adopting.\n 2017-07.\n intangibles-goodwill 2017 issued.\n 2017-04 eliminates requirement implied fair value reporting unit goodwill carrying amount.\n new standard change goodwill impairment.\n impairment test fair value goodwill impairment charge calculated subtracting fair value carrying amount.\n prior standard assets liabilities.\n new standard effective interim annual reporting periods after december 15 2019 early adoption date adoption.\nnew standard goodwill impairment tests third quarter 2017 simplifies evaluation.\n impact outcomes tests.\n hedging 2017.\n eliminates requirement measure report hedge ineffectiveness.\n effective fiscal years december 15 2018 early adoption.\n significant impact consolidated assets liabilities net earnings cash flows.\n plan january 1  2019.\n 2016.\n requires recognition lease assets liabilities disclosure information leasing arrangements lessees.\n standard effective january 1 2019 public companies early.\n requires modified retrospective approach financial statements.\n impact consolidated financial statements.\n plan adopt standard january 1  2019.\n 2013 earnings per share average shares.\n shares computations 287. 299\n dilutive effect equity awards.\n 290. 303..\n compute diluted earnings share net earnings average shares.\n includes effects vesting restricted stock units performance stock units stock options.\n no anti-dilutive equity awards years december 31 2017 2016 2015.\n acquisitions sikorsky aircraft november 2015 united technologies subsidiaries.\n purchase price $ 9. billion cash.\n"
}
{
    "_id": "dd497a976",
    "title": "",
    "text": "uncoated freesheet paper market pulp 2009.\n input costs wood constraints kwidzyn mill tariff increases.\n main tenance costs flat operating costs favorable.\n sales $ 50 million 2009 $ 20 million 2008 2007.\n earnings increased less $ 1 million.\n.\n market pulp sales $ 575 million 750 2008 2007.\n earnings $ 140 million million $ 156 million shutdown bastrop mill $ 78 million 2007.\n sales volumes decreased weaker global demand.\n price lower.\n costs wood energy chemicals freight costs lower.\n operating costs favorable maintenance downtime costs lower.\n lack-of-order downtime 540000 tons shutdown bastrop mill 135000.\n 2010 sales volumes increase demand fluff pulp weaker softwood hard pulp.\n sales price.\ninput costs increase wood energy chemicals freight.\n maintenance downtime operating costs flat.\n packaging demand pricing correlate spending economic activity.\n profitability raw material energy freight costs manufacturing efficiency product mix.\n net sales 2009 decreased 4% 2008 increased 1% 1 2007.\n operating profits increased.\n fuel mixture credits facility closure costs profits higher 2008 57% 2007.\n higher sales price lower raw material energy costs freight costs business foreign exchange offset lower sales volumes increased lack-of-order downtime 145 million shutdown franklin mill 67 million.\n profits $ 330 million alternative fuel mixture credits.\n.\n consumer packaging net sales $ 2. 2 billion. billion 2008. 2007.\n earnings 2009 $ 343 million 2008 70 million 2007.\npaperboard sales lower 2009 market.\n higher increases.\n raw material costs wood energy chemicals lower freight costs favorable.\n operating costs unfavorable downtime higher.\n lack-of-order downtime 300000 tons.\n $ 330 million fuel $ 67 million shutdown.\n foodservice sales volumes lower weak economic.\n"
}
{
    "_id": "dd4bdf78e",
    "title": "",
    "text": "5.\n common equity issuer purchases shares traded since november 17 2011 new york stock exchange. december 4 2017 name aptiv plc symbol. january 25 2019 2 shareholders.\n graph changes value december 2013 2018 initial investment $ 100 reinvestment dividends ordinary shares s&p 500 index automotive peer group.\n prices adjusted separation.\n future returns.\n $ 100 invested december 31 2013 index dividends.\n year 2018.\n aptiv plc delphi technologies s&p 500 automotive peer group american axle manufacturing aptiv borgwarner cooper tire rubber standard dana dorman ford motor garrett motion.general motors gentex gentherm parts goodyear rubber lear lkq meritor motorcar parts standard motor products stoneridge superior industries tenneco tesla tower visteon wabco holdings index december 31.\n 2013 2014 2016 2018\n aptiv plc $ 100. 122. 146. 117. 178. 130.\n s&p 500 100. 113. 115. 129. 157. 150.\n automotive peer group. 107. 134."
}
{
    "_id": "dd4c2d740",
    "title": "",
    "text": "bermuda subsidiaries not insurers reinsurers.\n insurance reinsurance contracts collateral locs.\n ace global markets satisfy.\n regulatory trust fund requirements issuance locs.\n used corporate purposes underwriting lloyd.\n table shows credit facilities usage expiry date december 31 2010.\n.\n expiry.\n.\n letter credit facility $ 1000 $ 574.\n revolving credit/loc facility.\n.\n capital facilities.\n $ 2400  $ 1784\n facilities guaranteed by subsidiaries ace.\n used locs.\n supports ace global markets underwriting lloyd 2019s syndicate 2488.\n november 2010 four letter credit agreements issuance $ 400 million.\n locs support funds lloyd 2019s requirements corporate purposes.\nanticipated commercial facilities renewed expiry subject credit.\n alter native security.\n insurance trusts funds cash resources.\n value letters credit driven by statutory liabilities loss development reserves payment pattern expansion loss experience.\n facilities require covenants met at december 31  2010.\n minimum consolidated net worth not less.\n base amount $ 13. 8 billion plus 25 percent consolidated net income each fiscal quarter plus 50 percent increase net worth issuance.\n subject annual reset.\n maximum debt to capitalization ratio not greater. to 1.\n include trust preferred securities mezzanine equity except 15 percent.\n debt capitalization.\n december 31 2010 minimum consolidated net worth $ 14. 5 billion actual net worth $ 21. 6 billion ratio debt to total capitalization 0.167 to 1 below maximum debt capitalization ratio. 35 to 1.\n failure comply covenants credit facility default.\n repay borrowings collateralize.\n failure ace limited pay obligation $ 50 million default facilities.\n ace limited subsidiaries assigned debt financial strength ratings agencies s&p.\n investors service fitch.\n ratings announced available.\n internet site. acegroup."
}
{
    "_id": "dd4bb99da",
    "title": "",
    "text": "jpmorgan chase & co. annual report 125 lending-related commitments firm uses financial instruments revolving credit facilities guarantees financing needs.\n contractual amounts represent maximum credit risk counterparties draw down.\n total contractual amount not representative of future credit exposure funding requirements.\n risk-equivalent 201d amount for each commitment represents unused commitment contingent exposure expected default.\n loan-equivalent amount lending commitments $ 229. 6 billion and $ 218. 9 billion as of december 31 2014 2013.\n clearing services provides securities derivative transactions.\n exposed risk non-performance share losses.\n credit risk through margin inception can cease if adhere obligations.\n note 29.\n derivative contracts firm uses for market-making activities.\nderivatives interest rates currencies markets.\n firm uses instruments credit exposure.\n settlement mechanism affect credit risk.\n risk.\n exchange-traded futures credit risk.\n credit risk enforceable master netting arrangements collateral agreements.\n note 6.\n table summarizes net derivative receivables.\n.\n 2013\n interest rate $ 33725 25782\n derivatives\n foreign exchange\n equity\n commodity\n cash collateral 78975\n liquid securities collateral derivative receivables -19604\n collateral $ 59371 $ 51324\n derivative receivables consolidated balance sheets $ 79. billion $ 65. billion december 31 2014 2013.\n fair value derivative contracts netting agreements cash collateral.\nmanagement 2019s credit risk liquid securities.\n government securities g7 bonds cash collateral $ 19. 6 billion $ 14. 4 billion at december 31 2014 2013 security firm favor.\n firm holds additional collateral cash g7 government securities government-agency guaranteed securities corporate debt equity securities delivered clients non-daily call not settled.\n reduce balances available security against exposure value firm.\n december 31 2014 2013 firm held $ 48. 6 billion $ 50. 8 billion  collateral.\n prior period revised current period.\n receivables value include credit enhancements.\n note."
}
{
    "_id": "dd4bca5fa",
    "title": "",
    "text": "stockholders interest.\n rights plan stockholders unfair offer board time evaluate unsolicited offers.\n prevent takeovers unsolicited transactions premium.\n.\n unresolved staff comments.\n 2016 properties switching centers data centers call centers warehouses.\n size\n switching centers\n data centers\n call\n warehouses\n leased 60000 cell sites.\n 2000 t-mobile metropcs retail locations kiosks 100 to 17000 square feet.\n lease office space 950000 square feet corporate headquarters bellevue washington.\n engineering administrative purposes.\n. 1200000 square feet regional offices administrative engineering sales purposes.\n.\n legal proceedings note 12 2013 commitments contingencies consolidated financial statements form 10-k.\n.\n mine safety disclosures.\n.\nregistrant 2019s common equity stockholder matters issuer purchases securities common stock traded nasdaq global market symbol. december 31 2016 309 stockholders higher shares held brokers dealers."
}
{
    "_id": "dd4bbbab4",
    "title": "",
    "text": "consolidated financial statements 2013 amounts millions share guarantees obligations subsidiaries credit facilities media payables operating leases.\n guarantees $ 769. 3 $ 706. 7 december 31 2009 2008.\n non-payment subsidiary pay amounts.\n no material assets pledged security guarantees.\n estimated future contingent acquisition obligations payable cash 2009.\n amounts paid earliest exercise date.\n note 6 payment structure.\n payments contingent achieving operating performance targets satisfying conditions subject revisions earn-out periods.\n 2011 2012 2013 2014\n deferred acquisition payments $ 20. 5 $ 34. 60.\n redeemable noncontrolling interests call options.\n contingent acquisition payments. 232.\n cash compensation expense.. 2014.\n $ 63. $ 81. $ 40. $ 36. $ 5. $ 228.\n entered acquisitions redeemable noncontrolling interests call options similar terms conditions.\n included estimated contingent acquisition obligation earliest option exercisable.\n redeemable noncontrolling interests exercisable discretion equity owners december 31 2009.\n estimated acquisition payments $ 20. included payments 2010 not carry 2011 exercised.\n interests current exercise price payable cash not redemption value.\n involved proceedings.\n financial condition cash flows.\n accounting standards guidance transfers financial assets extinguishments liabilities.\n effective january 1 2010.\n eliminates qualifying special-purpose entity changes criteria derecognizing financial assets.\n disclosures involvement financial assets transferred.\n impact financial statements.\n2009 fasb amended guidance consolidating variable interest entities.\n effective january 1 2010.\n revises factors insufficiently capitalized not controlled.\n includes revised financial statement disclosures risk exposures impact financial statements.\n evaluating impact consolidated financial statements."
}
{
    "_id": "dd4c23b64",
    "title": "",
    "text": "annual report 2010 duke realty corporation provide property management leasing construction tenant services unconsolidated companies equity interests.\n 2009 2008 earned management fees $ 7. 6 million 8. 4 million. leasing $ 2. 7 million. million construction development fees $ 10. 3 million. $ 12. 7 million.\n recorded fees eliminated ownership percentages statements.\n guaranteed repayment $ 95. 4 million economic development bonds.\n taxes.\n.\n guaranteed repayment secured unsecured loans six unconsolidated subsidiaries.\n maximum $ 245. 4 million.\n 3630 peachtree joint venture liability $ 36. 3 million.\n lease land december 2080 total obligation $ 103. 6 million.\n payments leases.\n subject legal proceedings claims.\nmanagement liability affect financial statements results operations.\n december 31 2010 subject obligations.\n payments due 2011 2012 2013 2014 2015\n long-term debt $ 5413606  $ 629781  $ 548966  $ 725060 498912 473417 $ 2537470\n lines credit 214225  28046  9604 176575 \n debt unconsolidated joint ventures 447573  87602 27169 93663 34854 65847 138438\n ground leases 103563\n operating leases 2704 840 395\n development construction backlog costs 521041  476314  44727\n contractual obligations $ 6704679  $ 1225797 $ 633481 $ 998091 536428 541890 2768992\nlong-term debt secured unsecured principal interest.\n calculated rates december 31 2010.\n unsecured lines operating february 2013 consolidated subsidiary july 2011.\n calculated recent rates.\n unconsolidated joint venture debt principal interest.\n calculated december 31 2010.\n estimated costs owned third-party."
}
{
    "_id": "dd4bd2e3a",
    "title": "",
    "text": ".\n morgan chase & co.\n 2003 annual report commercial loss $ 917 million at december 31 2003 decrease 43% from 2002.\n credit quality loan reduction size portfolio.\n commercial expected loss $ 454 million 2003 decrease 26% from 2002.\n quality loan portfolio improving credit envi loss model.\n consumer expected loss $ 2. 3 billion at 2003 decrease 4% from 2002.\n consumer loan portfolio increased 10% collateralized products lower loss rates.\n residual component $ 895 million 2003.\n addresses uncertainties.\n $ 121 million increase addressed uncertainties commercial loan portfolio.\n commercial credit quality allowance declined residual component reduced.\n december 31 2003 20% total loan losses target range.\n positive economic credit quality residual components.\nlending-related commitments risk loss credit-extension management computes loss residual commercial lending commitments.\n methodology similar commercial loan port folio modified maturities probabilities drawdown.\n allowance decreased 11% $ 324 million december 31 2003 improvement lending-related commitments.\n credit costs.\n year ended december 31 millions\n loan losses $ -30 $ 1491 $ 118 1579 2371 1589 4039\n lending-related commitments -47 2014 -39 309 292\n securitized credit losses 1870\n managed credit costs $ -77 $ 3361 $ 126 $ 3410 $ 2680 $ 3028 5770"
}
{
    "_id": "dd4b9849c",
    "title": "",
    "text": "company reclassified amounts invested assets limited partnership income 2013 $ 33686 thousand months march 31 $ 9409 thousand $ 43095 thousand june 30 $ 5638 $ 48733 thousand nine months september 30 2013.\n.\n investments.\n fixed maturity equity security reflect unrealized appreciation depreciation temporary changes market value.\n capital gains losses.\n records changes fair value fixed maturities cash flows settle reserve losses loss adjustment liabilities.\n anticipates holding investments extended period cash flow payout.\n fixed maturities convertible bond securities foreign denominated fixed maturity securities settle loss adjustment reserves currency.\n carries equity securities at fair value except mutual fund investments fixed maturity securities.\nequity securities company reflects capital gains losses market conditions.\n interest dividend income investment income.\n unrealized losses maturities credit charged to net income losses.\n short-term investments stated at cost market value.\n gains losses sales determined cost.\n non- publicly traded securities market prices determined pricing models.\n credit cash flow.\n publicly traded securities market value based on market prices valuation models.\n inactive company assumptions future cash flows risk-adjusted discount rates fair value.\n retrospective adjustments recalculate values asset-backed securities.\n acquisition effective yield.\n book value.\n factors prepayment history.\n conditional prepayment rates pass-through security types.\n invested assets include limited partnerships trusts affiliated.\npartnerships affiliated entity accounted equity recorded monthly.\n.\n receivable.\n company reserves uncollectible reinsurance recoverable premium receivable balances.\n reserves table periods.\n 2013 2012\n reinsurance premium receivables $ 29905 32011"
}
{
    "_id": "dd4c63fca",
    "title": "",
    "text": "jpmorgan chase. 281 pledged assets repur financing derivative transactions borrowings deposits.\n sold repledged financial instruments balance sheets.\n december 31 2010 2009 pledged $ 288. 7 billion $ 344. 6 billion financial instruments sold repledged.\n pledged assets.\n securities $ 112. $ 155.\n loans 214. 285.\n trading assets 123.\n $ 450. $.\n. consolidated settle liabilities.\n note 16 pages 244 259.\n december 31 2010 2009 firm accepted assets sell repledge $ 655. billion $ 635. 6 billion.\n obtained resale agreements securities borrowing agreements margin loans derivative agreements.\n $ 521. 3 billion $ 472.7 billion sold repledged collateral repurchase short sales deposits agreements.\n reporting revised 2010 securities sales deposits agreements.\n prior amounts revised current.\n revision impact firm balance sheets results operations.\n 2008 resolved issues reporting withholding accounts transferred bank new york mellon sale bnym business.\n firm."
}
{
    "_id": "dd4c4a6c4",
    "title": "",
    "text": "entergy subsidiaries new nuclear generation costs joint stipulation mississippi public utilities recovery costs deferred mpsc nuclear generation.\n note 2 financial statements.\n revenue 2015 2014.\n.\n 2014 revenue $ 5735\n retail electric price 187\n volume/weather 95\n louisiana business credits -107\n miso deferral -35\n waterford 3 replacement steam generator provision\n 2015 net revenue $ 5829\n retail electric price variance 2022 formula rate plan increases entergy louisiana energy efficiency revenue entergy arkansas louisiana mississippi.\n offset operation maintenance income annual net rate increase entergy mississippi $ 16 million mpsc order june 2014 rate case.\n note 2.\n volume/weather variance increase 1402 gwh 1% billed electricity usage industrial usage favorable weather.\n increase industrial sales due expansion chemicals industry new customers offset decreased demand maintenance outages.\n louisiana business combination credits regulatory liability $ 107 million entergy 2015.\n customers realize credits regulatory liability $ 107 million $ 66 million net-of-tax.\n note 2 financial statements."
}
{
    "_id": "dd4c2fef0",
    "title": "",
    "text": "apple inc.\n 2018 form 10-k stock performance graph shows shareholder return dividend-reinvested s&p 500 information technology index dow jones.\n supersector index five years 29 2018.\n assumes $ 100 invested common stock s&p 500&p dow.\n index market 27 2013.\n historic stock price performance not indicative future performance.\n $ 100 invested 27 2013 stock index reinvestment dividends.\n last day fiscal year common stock september 30th indexes.\n.\n.\n&p dow jones indices.\n.\n.\n apple inc. $ 100 149 173 174 242\n s&p 500 index 163\n s&p information technology index 129 209\n dow jones. supersector index 130 203 266"
}
{
    "_id": "dd4c17a26",
    "title": "",
    "text": "2016 acquisition camber higher volumes fleet support oil gas services offset lower nuclear environmental volumes contract changes.\n technical solutions segment $ 32 million compared $ 21 million 2017.\n increase due allowance accounts receivable nuclear contract higher income investments joint ventures offset employee bonus payments 2018 tax act lower performance fleet support.\n income technical solutions segment $ 21 million $ 8 million 2016.\n increase due improved performance oil gas services higher volume mdis services acquisition offset allowance accounts receivable nuclear environmental contract 2017 resolution 2016 contract changes.\n december 31 2018 approximately $ 23 billion.\n includes funded unfunded.\n excludes unexercised contract options unfunded orders.\n amounts committed customer.\n funded unfunded backlog segment 31 2018.\n 2018\ningalls $ 9943 $ 1422 11365 5920 $ 2071 7991\n newport news 6767 4144 10911 6976 5608 12584\n technical solutions 339 380 719 478 314 792\n backlog $ 17049 $ 5946 22995 $ 13374 $ 7993 21367\n 30% $ 23 billion backlog converted sales 2019.\n.\n government orders backlog.\n $ 9. billion.\n arleigh burke class destroyers design.\n.\n procurement long-lead-time material construction nsc 10 11.\n awards 2019 $ 15. 2 billion design.\n.\n contract awards $ 8. billion.\n design construction contract bougainville execution contract uss george washington."
}
{
    "_id": "dd4ba07d2",
    "title": "",
    "text": "stock options december 31 2007.\n exercise prices outstanding shares weighted price contractual life years\n 37. 46\n. 3634\n.\n.\n 14326 $ 62. 59\n weighted-average contractual life 4. 2 years.\n december 31 2007 13788000 options vested expected.\n weighted-average exercise price $ 62. 07 per share contractual life 5. 2 years intrinsic value december 31 2007 $ 92 million.\n stock options granted 2005 30000 shares non-employee directors.\n 2006 2007.\n non-employee directors 2007 20944 deferred stock units outside directors deferred stock unit plan.\n share common stock liability accounting treatment 123r paid cash.\nno vestings service requirements compensation expense recognized units.\n value options 2007 2006 2005 $ 11. 37 $ 10. 75 $ 9. 83 per option.\n options reduction forfeitures.\n options 10743000 13582000 shares common stock $ 58. 38 $ 56. 58.\n intrinsic value $ 52 million $ 111 million $ 31 million.\n $ 94 million $ 87 million.\n cash $ 111 million $ 233 million $ 98 million.\n tax benefit $ 39 million $ 82 million $ 34 million.\n no options granted excess market value 2007 2006 2005.\n common stock 40116726 december 31.\n common stock future issuance compensation 41787400 shares.\n issued 2. 1 million shares treasury stock.\nutilize treasury stock future stock option exercises.\n adopted fair value recognition provisions sfas 123 employee awards stock options 1 2003.\n recognized compensation expense stock options vesting period.\n compensation expense pnc stock options 2007 $ 29 million $ 31 million 2006 $ 29 million 2005.\n table policies net income earnings sfas 123 2005.\n estimated fair value options black-scholes option pricing model.\n.\n 2005 results estimates not indicative impact future."
}
{
    "_id": "dd4bc7b52",
    "title": "",
    "text": "graph compares 4-year return common stock nasdaq composite s&p 400 information technology index.\n investment common stock index $ 100 january 3 2009 december 29 2012.\n 4 year return cadence design systems. nasdaq composite index s&p 400 technology.\n$ 100 invested 1/3/09 dividends.\n month-end.\n mcgraw-hill companies.\n 1/3/2009 1/2/2010 1/1/2011 12/31/2011/29/2012\n cadence design systems.\n nasdaq composite.\n s&p 400 information technology.\n stock price performance not indicative future price performance."
}
{
    "_id": "dd4c4d43c",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries maximum payout guarantees indemnifications.\n management believes unlikely payments no liabilities recognized statements financial 2017 2016.\n.\n firm provides counterparties commercial transactions indemnifies against losses breach.\n indemnifications against changes.\n tax laws transactions.\n provide indemnifications additional taxes owed payments withheld.\n tax laws.\n indemnifications standard contractual terms business.\n no stated notional amounts contingencies triggering not expected.\n estimate maximum payout guarantees indemnifications.\n management believes unlikely material payments no material liabilities recognized consolidated statements financial december 2017 2016.\n guarantees subsidiaries.\n.\n guarantees securities issued gs finance corp. wholly-owned subsidiary.\n.\nguaranteed payment obligations goldman sachs co.\n. bank usa exceptions.\n group.\n guarantees obligations subsidiaries transaction-by-transaction.\n.\n maximum payout guarantees obligations. liabilities not disclosed.\n.\n 2017 2016 4. billion shares common stock 200 million nonvoting common stock par value $ 0. 01 per share.\n dividends common share $ 2. 90 2017 $ 2. 60 2016 $ 2. 55 2015.\n.\n declared dividend $ 0. 75 per common share march 29 2018.\n share repurchase program common equity.\n open-market purchases amounts determined capital position market conditions price trading volumes.\n repurchasing confirmation.\n common stock repurchased share repurchase program.\nmillions share 2017 2016 2015\n share repurchases 29. 36.\n cost share $ 231. $ 165. 189.\n repurchases $ 6721 $ 6069 4195\n share-based compensation plans employees remit shares cancel options tax.\n 2017 2016 2015 12165 49374 35217 remitted value $ 3 million 7 million 6 million cancelled. million value $ 1. 94 billion 921 million 1. billion.\n cancelled. options value $ 1. billion. billion 406 million 2017 2016 2015.\n"
}
{
    "_id": "dd4b991e4",
    "title": "",
    "text": "assure gener restructuring completed terms changed.\n gener restructuring debt subsidiaries termoandes.\n.\n expects maturities obligations extended.\n under-performing businesses 2003 sold discontinued under-performing businesses construction projects investment.\n anticipated less activity write-offs impairment charges future.\n businesses affected 2003 listed.\n project name type date location millions.\n dominican republic $ 60\n 120\n 19\n poland $ 23\n uganda $ 76\n $ 20\n operations.\n credit reduced parent level debt $ 1. 2 billion 2003 including secured equity-linked loan.\n refinanced paid down near-term maturities by $ 3. 5 billion enhanced year-end liquidity over $ 1 billion.\n average debt maturity extended 2009 to 2012.\n subsidiary level limited recourse financing parent credit risk.\n reduced cost capital improved credit statistics expanded access credit aes subsidiaries.\n liquidity parent important agencies credit quality.\n currency political risk cash flow.\n large contractual concession-based cash flow.\n 2003 81% cash distributions parent company from.\n large utilities worldwide contract generation.\n february 4 2004 redemption $ 155049000 8% senior notes due 2008 $ 34174000 10% notes 2005.\n redeemed march 8 2004 100% principal amount plus accrued interest.\n mandatory redemption 10% notes 2005 2018 free cash flow 2019 year december 31 2003.\n february 13 2004 issued $ 500 million unsecured senior notes.\n march 1 2014 callable redemption price 100% principal plus make-whole premium.\n issued.pay interest-annually"
}
{
    "_id": "dd4c2852e",
    "title": "",
    "text": "april 2015 joint venture saudi arabia.\n equity bridge loan until 2020 guaranteed repayment 25% share.\n venture partner guaranteed repayment.\n maximum exposure $ 100.\n noncurrent liability $ 67. 5 future equity contributions.\n air products sale equipment contract engineer construct industrial gas facilities saudi aramco.\n bank guarantees $ 326.\n party equity support agreement operations guarantee air separation facility trinidad 50%.\n maximum potential payments $ 30.\n extinguished 2024.\n 2014 sold homecare business operations guarantee.\n maximum potential payment a320 million extinguished 2020.\n no equity contributions payments guarantees.\n not material.\n issued product warranties equipment sales.\n contracts terms warranty infringe third-party intellectual property rights.\n future costs not material financial statements.\nexpect guarantees warranties financial condition liquidity results operations.\n obligated future payments.\n 2016 $ 917\n 2017 117\n 2018 63\n 2019 55\n 2020 54\n 164\n $ 1370\n $ 390 long-term obligations feedstock supply hyco facilities.\n price related natural gas.\n long-term take-or-pay sales contracts matched feedstock obligations recovery price increases.\n financial condition results operations.\n obligations include product electric power natural gas pass-through contracts.\n commitments $ 540 additional plant equipment 2016."
}
{
    "_id": "dd4bb1960",
    "title": "",
    "text": ".\n brokerage receivables payables citi has for financial instruments from brokers dealers customers.\n to risk loss pay deliver at market prices.\n credit risk broker.\n margin collateral.\n margin levels monitored daily deposit additional collateral.\n citi may liquidate financial instruments.\n credit risk impacted by market volatility.\n credit limits monitored for customers brokers dealers.\n brokerage receivables payables.\n millions december 31 2017 2016\n receivables from customers $ 19215 $ 10374\n brokers dealers 19169 18513\n receivables $ 38384 $ 28887\n payables to customers $ 38741 $ 37237\n brokers dealers 22601 19915\n payables $ 61342 $ 57152\nbrokers dealers 22601 19915 brokerage payables $ 61342 57152 receivables payables citi broker aicpa accounting guide."
}
{
    "_id": "dd4b91e44",
    "title": "",
    "text": "tower corporation subsidiaries financial statements 2014 december 1 annual impairment test.\n appraisal estimated value rental management unit goodwill cash.\n rental management segment not impaired.\n intangible assets amortization december 31.\n intangibles $ 2606546 $ 1369607\n deferred financing costs\n licenses\n accumulated amortization -646560 -517444\n assets $ 2077312 985303\n amortizes assets three fifteen years.\n 2005 2004 $ 136. million $ 97. 8 million deferred financing costs.\n amortization $ 183. 6 million $ 178. 3 million. 4 million. 7 $ 170. 3 million years 2006 2007 2008 2009 2010.\n subject changes allocation purchase price.\n.\n.\n.\ntv azteca owner national television network mexico $ 119. 8 million.\n loan 12. 87%. payable quarterly discounted fair value interest rate 14. 25%.\n amended 2003 interest 13. 11%.\n december 31 2005 2004 $ 119. 8 million undiscounted $ 108. 2 million discounted outstanding receivable long-term assets.\n term seventy years prepaid penalty last fifty years.\n discount amortized interest income seventy-year.\n seventy year economic rights agreement 190 broadcast towers.\n below market interest rate loan annual payment $ 1. 5 million market lease unused tower space.\n azteca retains title responsible operation maintenance.\n 100% revenues leases operating expenses."
}
{
    "_id": "dd4c047e6",
    "title": "",
    "text": "deferred tax assets liabilities balance sheet.\n decrease 2009 assets pension liabilities minimum tax credit utilization valuation allowance.\n less tax depreciation 2019s assets purchased 2009.\n valuation allowance december 2008 $ 72 million.\n increase $ 274 million.\n $ 211 million french operations allowance $ 55 million deferred tax assets $ 156 million second quarter 2009 assets $ 10 million deferred tax assets united king dom operations $ 47 million reduction.\n state deferred tax assets $ 15 million fourth quarter 2009 louisiana recycling credits.\n tax rate $ 10 million line item 201ctax rate differences.\n earnings. guidance uncertain tax positions.\nnew guidance company recorded charge earnings $ 94 million reduction january 1 2007 balance.\n reconciliation unrecognized tax benefits december 31 2009 2008 millions.\n balance january 1 $ -435 $ -794 ( 794 -919\n additions tax positions current\n additions prior years -82 -66 -30\n reductions 72 74\n settlements\n expiration statutes limitations\n currency translation adjustment -11 -24\n balance december 31 $ -308 $ -435 $ -794 ( 794\n balance december 31 2009 2008 $ 56 million $ 9 million tax positions benefits uncertainty timing.\n timing affect annual tax rate payment cash.\n accrues interest unrecognized tax benefits expense.\n penal ties income tax expense.\ncompany $ 95 million $ 74 million accrued interest penalties unrecognized tax benefits at december 31 2009 2008.\n major jurisdictions united states brazil france poland russia.\n tax years 2002 2009 open.\n tax examinations overseas.\n.\n revenue service tax years 2006 2007.\n unrecognized tax benefits $ 125 million next twelve months.\n 2009 tax benefits decreased $ 127 million.\n could.\n 2009 income tax provision $ 469 million $ 279 million special items $ 534 million benefit restructuring $ 650 million alternative fuel mixture credit $ 163 million adjustments 156 million loss $ 26 million federal tax audits 15 million recycling $ 18 million other adjustments.\n"
}
{
    "_id": "dd498ba0a",
    "title": "",
    "text": "years.\n amounts offset agreements based cash outlays fraction original amount.\n 2005 outstanding offset agreements $ 8. 4 bil lion aeronautics through 2015.\n purchase obligations offset table.\n standby letter credit agreements financial institutions advances future performance.\n outstanding letters credit surety bonds guarantees commitment expiration 1 letters credit $ 2630 $ 2425 $ 171 $ 18 16.\n less 1 1-3 years 3-5 years 5 years\n letters credit $ 2630 $ 2425 $ 171 18\n surety bonds 434 79 352\n guarantees\n total commitments $ 3066 $ 2505 $ 524 $ 21 $\n$ 2262 million $ 49 million standby letters credit $ 38 million surety bonds renew until completion contractual obligation.\n $ 200 million letter credit surety bond recorded bal sheet reductions inventories customer advances costs.\n $ 2 billion standby letters credit advance payments f-16 contract international.\n available draw down nonperformance events.\n letters surety bonds available draw down nonperformance.\n december 31 2005 no off-balance sheet arrangements commission.\n exposure interest rates foreign currency exchange rates.\n risk fixed- rate floating rate long-term debt.\n interest rates interest expense $ 10 million.\n estimated long-term debt instruments $ 6. 2 billion carrying $ 5. 0 billion.\n majority obligations not callable until maturity.\nused interest rate swaps fixed variable year-end 2005 no agreements.\n use foreign exchange contracts currency rates hedge accounting.\n contracts hedge cash flows firm commitments transactions rate changes currency assets liabilities.\n gains losses recog nized income transaction.\n gains losses recognized current period.\n december 31 2005 fair value exchange con tracts gains losses not material.\n hold issue derivative financial instruments speculative.\n 2004 fasb issued fas 123 ( ) share- based payments net earnings per share statement cash flows.\n requires stock options share-based payments compensation expense recorded financial condition december 31 2005"
}
{
    "_id": "dd4c0419c",
    "title": "",
    "text": "capital markets macroeconomic factors affect business.\n changes disruptions limited liquidity uncertainty brexit interest rate volatility increase cost financing risks refinancing debt.\n borrowing costs affected by long-term ratings.\n decrease ratings access capital markets increase borrowing costs financial condition operating results.\n customers leveraged.\n consolidations competition credit market volatility.\n exposure credit risk.\n change financial credit position greater credit risk collect receivables.\n financial condition liquidity.\n.\n.\n.\n.\n co-headquarters pittsburgh pennsylvania chicago.\n executive offices.\n business units administrative finance legal human resource functions.\n maintain additional owned leased offices regions.\n manufacture products facilities.\n operated 84 manufacturing processing facilities.\n own 81 lease three.\n facilities.\n leased\n\n united states 40\n canada\n emea\n world 27\n maintain manufacturing processing facilities good needs.\n co-manufacturing production.\n fourth quarter 2018 plans divest assets operations canada india one manufacturing facility canada leased india.\n 5 divestitures financial statements supplementary data.\n.\n legal proceedings.\n 18 commitments contingencies.\n.\n safety disclosures.\n.\n.\n registrant common equity.\n common stock listed nasdaq 201ckhc.\n june 5 2019 49000 holders.\n equity dividends 7 financial condition results operations cash dividends."
}
{
    "_id": "dd4ba4fb2",
    "title": "",
    "text": "valuation allowance against deferred tax assets.\n changes 2017 2016 fiscal transition period 2015 summarized.\n balance may 31 2014 -7199\n foreign net operating loss carryforwards\n may 31 2015 -3823\n foreign income tax credit -7140\n domestic net operating loss -4474\n unrealized capital loss\n may 31 2016\n net loss\n net unrealized capital loss\n december 31 2016 -16611\n foreign loss -6469\n domestic -3793\n state credit carryforwards -685\n domestic net loss loss\n foreign income tax credit carryforward\n balance december 31 2017\n increase valuation allowance net loss $ 10. 3 million acquisition.\n domestic net operating loss $ 1. 5 million $.5 million 2016 fiscal transition may 31 carryforwards merger heartland.\n foreign $ 43. 2 million domestic $ 28. 9 million december expire 2026 2037.\n business globally file tax returns federal state foreign jurisdictions.\n taxing authorities.\n state tax may 31 2008.\n federal 2013.\n 2014.\n global payments.\n 2017 10-k annual report"
}
{
    "_id": "dd4bc45a6",
    "title": "",
    "text": "new orleans.\n subsidiaries income increased $ 3. million higher revenue depreciation amortization interest income.\n increased $ 13. million lower operation expenses higher revenue higher income tax rate.\n fuel expenses gas power expenses regulatory charges.\n analysis change net revenue 2016 2015.\n.\n 2015 net revenue $ 293.\n retail electric price.\n gas revenue -2.\n.\n.\n 2016 revenue $ 317.\n retail electric price variance purchased power capacity acquisition cost recovery rider power block 1 union power station.\n.\n net gas revenue variance less favorable weather residential commercial sales.\n volume/weather variance decrease 112 gwh 2% electricity usage offset favorable weather commercial sales increase electric customers."
}
{
    "_id": "dd4c2a8b0",
    "title": "",
    "text": "earnings $ 696. 9 million from foreign subsidiaries reinvested abroad not repatriated states.\n no domestic federal state deferred income taxes.\n distribution dividends subject to.\n income taxes withholding taxes.\n.\n domestic federal income tax liability.\n valuation allowance against deferred tax assets.\n changes valuation allowance may 31 2015 2014 summarized.\n may 31 2013 -28464\n foreign loss carryforwards\n 31 2014\n 2015\n operating loss carryforwards of foreign subsidiaries $ 12. 4 million.\n loss carryforwards $ 19. 8 million expire may 2017 2033 if not utilized.\n capital loss carryforwards.\n subsidiaries $ 4. 7 million expire if not utilized by may 31 2017.\ntax credit carryforwards $ 8. 4 million 31 2015 expire 2017 2023 not utilized.\n conduct business globally file tax returns.\n federal state foreign jurisdictions.\n subject examination taxing authorities.\n fourth quarter 2015 concluded tax positions foreign jurisdiction $ 65. 6 million sustained.\n liability deferred tax assets eliminated.\n uncertain tax positions examination jurisdiction.\n likelihood increased.\n final closure notice no adjustments taxable income tax returns 2010 through 2013.\n unrecognized tax benefits settled.\n no state income tax examinations 31 2008.\n federal tax prior 2012 united kingdom federal income tax 31 2013.\n.\n 2015 10-k annual report"
}
{
    "_id": "dd4b914c6",
    "title": "",
    "text": "table shows reporting units goodwill balances december 31 2010 excess fair value over allocated book value annual impairment test.\n millions fair value % allocated book value.\n north america banking 170% 170 %\n emea\n asia\n latin america\n securities banking\n services 1716\n brokerage asset management\n local consumer lending 121 4560\n excluded no goodwill allocated.\n no impairment noted citigroup lending impairment test july 1 2010 goodwill may sensitive deterioration valuation economic conditions consumer credit risk.\n citigroup engaged independent valuation specialist market approach income approach penalty fee provisions credit card accountability disclosure act 2009.\n selected price multiple.\n operating performance financial condition lending publicly traded companies acquired companies.\nexpected growth return on tangible equity guideline companies transactions considered.\n guideline prices minority interest selection multiple considers guideline acquisition prices control rights privileges multiple control premium.\n local consumer lending valuation assumptions include cash flows terminal value discount rate.\n cash flows estimated based management recent projections targeted equity capital requirements public guideline companies.\n terminal value 2013 assumptions include long-term growth rate price-to-tangible book multiple guideline companies.\n discount rate based on estimated cost of equity capital model.\n inherent uncertainty economic conditions deteriorate impact business model.\n discount rate at july 1, 2010 risk characteristics uncertainty forecasts assumptions.\n 2014economic conditions.\n regulatory actions affect assumptions valuation lending.\ndeterioration assumptions valuations discount-rate growth-rate net income affect citigroup 2019s impairment evaluation results.\n future cash flows experience impairment charges $ 4560 million goodwill consumer lending.\n charges affect tier 1 capital regulatory ratios ratio equity liquidity position."
}
{
    "_id": "dd498c338",
    "title": "",
    "text": "sysco corporation sales by type customer past three fiscal years.\n 2019 2018 2017\n restaurants 62% 62 % )\n education government\n travel leisure retail\n healthcare\n 100% 100 %\n cafeterias bakeries caterers churches civic fraternal vending distributors distributors international exports.\n exceeded 5% total sales.\n purchase thousands suppliers domestic international more 10% purchases.\n suppliers large corporations private label independent regional brand private label processors packers.\n provide specialty seasonal products small mid-sized producers locally sourced products.\n differentiate satisfy support local communities.\n purchasing centrally developed programs direct purchasing programs companies.\n consolidated product procurement program quality food non-food products.\nprogram covers purchasing marketing branded merchandise from national brand suppliers all product lines.\n products purchased internationally optimize supply chain.\n sysco operating companies purchase from consolidated programs products available.\n focus increasing profitability lowering operating costs inventory facility expansion needs value to suppliers customers.\n growth funded through cash flow operations commercial paper issuances long-term borrowings.\n.\n extend credit terms customers cash on delivery to 30 days.\n monitor suspend shipments if necessary.\n sales orders filled within 24 hours.\n maintain inventory on hand demand.\n.\n additional volumes based supply pricing opportunities.\n advantage cash discounts receive payment terms weekly to 45 days.\n corporate headquarters services center staff services for employees suppliers customers.\nadministration accounting finance treasury legal technology payroll benefits risk insurance sales marketing merchandising logistics human resources strategy tax compliance.\n corporate office chain warehousing distribution space energy conservation fleet."
}
{
    "_id": "dd4bf341e",
    "title": "",
    "text": "two-class method.\n provisions guidance fiscal years after december 2008.\n company adopted earnings updated prior computations.\n adoption first quarter 2009 earnings.\n note 11.\n june 2008 fasb issued guidance derivative contract stock.\n effective fiscal years after december 2008.\n first quarter 2009 consolidated financial statements.\n march 2008 financial reporting derivative instruments hedging activities enhanced disclosures position.\n effective fiscal years after november 15 2008.\n first quarter 2009 financial statements.\n december 2007 fasb issued guidance acquirer assets liabilities non-controlling interest acquired entity at fair value.\n transaction costs expensed as incurred.\n effective for combinations acquisition date fiscal year december 15 2008.\n first quarter 2009 consolidated financial statements.\ndecember 2007 fasb issued guidance standards noncontrolling interest subsidiary deconsolidation.\n effective fiscal years after 2008.\n first quarter 2009 2019s financial statements.\n september 2006 fasb issued guidance fair value framework expands disclosures.\n effective fiscal years after november 2007 delayed effective date 2008 nonfinancial assets liabilities.\n quarter 2009 financial statements.\n.\n inventories.\n december 31 2009 2008\n finished goods $ 155596 $ 187072\n raw materials 785\n work-in-process\n subtotal inventories\n reserve\n inventories $ 148488 $ 182232"
}
{
    "_id": "dd4b99bf8",
    "title": "",
    "text": "ace limited subsidiaries.\n 2019s insurance reinsurance subsidiaries subject insurance laws regulations.\n dividends distributions loans cash advances without approval insurance.\n no restrictions dividends retained earnings bermuda subsidiaries minimum capital surplus requirements satisfied share capital additional paid-in capital.\n.\n subsidiaries file financial statements statutory accounting practices insurance regulators.\n accounting differs reinsurance contracts investments subsidiaries acquis expenses fixed assets deferred income taxes.\n statutory capital surplus.\n subsidiaries 2009 2008 2007.\n dividends 2010 without approval $ 733 million.\n combined statutory capital surplus net income bermuda.\n subsidiaries years december 31 2009 2008 2007.\n. bermuda subsidiaries 2009 2008\ncapital surplus $ 9299 $ 6205 $ 8579 $ 5801 $ 5368 $ 5321\n net income $ 2472 $ 2196 $ 1535 $ 870 $ 818 $ 873\n restructuring.\n subsidiaries discount a&e liabilities increased capital surplus $ 215 million $ 211 million $ 140 million december 31 2009 2008 2007.\n subsidiaries prepare financial statements local laws.\n.\n licenses.\n reserves capital solvency tests.\n fines criminal sanctions.\n.\n financial information december 31 2009 2008 issuer.\n 100 percent-owned subsidiary.\n investments subsidiaries accounted guarantor equity method.\n earnings guarantor accounts.\n guarantees debt subsidiary issuer."
}
{
    "_id": "dd4bb885a",
    "title": "",
    "text": "page 43.\n equity investments increased $ 126 million 2006 $ 98 million.\n lpg operations equatorial guinea sales volumes plant expansions.\n ptc income distillate margins.\n revenues increased $ 4. 609 billion 2006 $ 7. 106 billion.\n rm&t segment costs crude oil refinery products.\n manufacturing expenses contract services labor costs energy costs.\n buy/sell transactions decreased $ 6. 968 billion 2006 increased $ 3. 314 billion rm&t.\n decrease accounting.\n crude oil prices.\n depreciation amortization increased $ 215 million 2006 $ 125 million.\n rm&t expense 38 percent interest mpc.\n detroit refinery expansion&t.\n $ 20 million impairment camden hills field.\n gas production water production.\nadministrative expenses increased $ 73 million 2006 $ 134 million.\n personnel staffing costs variable compensation business activity.\n stock compensation expense.\n stock price equity awards offset severance pension start-up costs.\n exploration expenses increased $ 148 million 2006 $ 59 million.\n $ 166 million $ 111 million $ 47 million.\n $ 47 million exiting cortland empire leases.\n $ 37 million $ 183 million 146 million.\n costs decreased $ 16 million.\n higher interest rates gains.\n decrease increased interest income cash balances tax deficiencies foreign exchange losses.\n foreign currency gains $ 16 million losses $ 17 million gains $ 9 million.\n minority interest decreased $ 148 million 2005 acquisition 38 percent interest.\n income taxes increased $ 2.308 billion 2006 2005 979 million 2004 due 4. 259 billion $ 2. 691 billion increases operations.\n increase income tax rate 2006 operations statutory income tax rate 90 percent.\n analysis income tax rates operations 2006 2005 2004.\n note 11 consolidated financial statements.\n 2005 2004 statutory. income tax rate 35. 0%\n foreign operations tax credits.\n local taxes federal income tax.\n.\n income tax rate continuing operations 44. 8%. 8 % 36. 3% 2%"
}
{
    "_id": "dd4bafa8e",
    "title": "",
    "text": "$ 32 million federal tax payments deferred paid 2009 allied acquisition.\n table summarizes unrecognized tax benefits years december 31.\n 2009 2008\n balance $ 242. 2 $ 611. 9 $ 23.\n additions allied acquisition 13. 582.\n additions positions 2. 3. 10.\n reductions tax positions.\n prior 7. 2\n reductions.\n reductions statute limitations.\n. 9 -367\n balance end year $ 222. 8 $ 242. 2 $ 611.\n new accounting guidance business combinations 2009 financial statements.\n acquired uncertain tax liabilities.\n.\n.\n december 31 2010 $ 206. 5 million $. million unrecognized tax benefits positions 2008 acquisition.\nbalance december 31 $ 209. 1 million $ 217. 6 million unrecognized tax benefits income tax rate.\n concluded 2005 2007 tax years.\n unrecognized tax benefits $ 1. 9 million.\n resolved state matters $ 10. million.\n settled tax dispute risk.\n reduced benefits $ 299. 6 million.\n settled dispute intercompany insurance premiums.\n reduced tax benefits $ 62. 6 million.\n resolved state matters reduced benefits $ 5. 8 million.\n interest penalties.\n accrued interest $ 19. 2 million liability penalties $ 1. 2 million interest $ 99. 9 million.\n accrued interest $ 24. 5 million $ 1. million interest $ 92. million.\n 2008 accrued penalties $. 2 million interest $.2 million 31 2008 penalties 88. interest 180.\n republic services.\n statements"
}
{
    "_id": "dd4c01f32",
    "title": "",
    "text": "host hotels & resorts . subsidiaries consolidated financial statements.\n accounting policies.\n self-managed real estate investment trust operations through host hotels & resorts.\n. delaware limited partnership umbrella partnership structure. maryland corporation sole general partner.\n financial statements terms 201cwe 201d or 201d hotels resorts.\n.\n.\n 201chost. 201d resorts.\n. 201d resorts.\n.\n.\n.\n holds 99% of host. partnership interests.\n consolidated portfolio december 31  2018 hotels countries.\n states\n brazil\n canada\n consolidated financial statements include accounts host.\n subsidiaries controlled affiliates joint ventures partnerships.\n consolidate subsidiaries when control.\nmajority hotel real estate investments consider control rights approval developments plans financing decisions operating budgets investment strategy decisions.\n evaluate subsidiaries variable interest entities.\n subsidiary vie subject consolidation framework.\n entity activities economic performance consolidates.\n entity vie equity investors controlling financial interest equity support.\n review subsidiaries affiliates annually change consolidation determination changes characteristics.\n three partnerships general partner maintains control decisions.\n first operating partnership host. consolidated by host.\n general partner holds 99% interests.\n. asset investment host.\n. assets liabilities represent.\n. debt.\n settled with assets.\n consolidated partnership houston airport marriott george bush intercontinental general partner hold 85% interests.\n total assets at december 31 2018 $ 48 million cash"
}
{
    "_id": "dd4c4db9e",
    "title": "",
    "text": "first quarter 2010 recorded additional charge $ 4. million cost reduction action.\n $ 3. 4 million lease costs cambridge wafer fabrication facility ceased.\n remaining $ 1. 3 million clean-up closure costs.\n.\n stock integrant technologies.\n seoul.\n mobile tv market presence asian region.\n paid $ 8. 4 million purchase shares founder july 2007 2009.\n additional goodwill.\n 2006 stock audioasics roskilde.\n acquisition low-power audio solutions expanding presence nordic eastern european regions.\n paid additional cash payments $ 3. 1 million 2009 revenue milestones 2006 2009.\n paid $ 3. 2 million technological milestones compensation expense.\n no additional payments.\n results integrant audioasics.\n results consolidated statement income.\n.\ncompensation plan investments.\n trading.\n october 30 31 2009.\n money market funds $ 1840 $ 1730\n mutual funds 6850 6213\n investments 2014 short long-term $ 8690 $ 7943\n values based market quotes october 30 2010 october 31 2009.\n adjustments value operating expenses.\n gains losses not material 2010 2009 2008.\n company liability owed plan participants.\n investments available benefits plan.\n insolvent available unsecured creditors.\n.\n equity securities long-term investments.\n fair value based market quotes cost-basis.\n adjustments fair value available-for-sale.\n consolidated financial statements 2014"
}
{
    "_id": "dd4b89ac8",
    "title": "",
    "text": "off-balance sheet transactions contractual obligations december 31 2017 one year interest payments long-term debt thousands include $ 0. 5 million unrecognized tax benefits consolidated financial statements note 201410 tax 201d.\n service providers require collateral.\n terms conditions.\n building additional ships.\n sale ships acquisitions alliances.\n financed indebtedness cash flows issuance debt equity securities.\n debt agreements liquidity limit net funded debt-to-capital ratio ratios restrict dividends.\n ships property equipment pledged as collateral debt.\n compliance covenants december 31  2017.\n changes economies global credit markets reduce consumer demand cruises affect credit risks.\n business financial condition.\nbelieve cash inflows borrowings revolving loan issue fund operations debt capital expenditures compliance debt agreements.\n no assurance cash financings obligations.\n 1-3 years 3-5 years 5 years long-term debt 619373 1248463 3002931 1553815 leases 131791 15204 26504 contracts 1141212 facilities 138308 30509 43388 23316 947967 218150 376566 203099 73653 23870.\n less than1 year 1-3 3-5 more years\n long-term debt 6424582 619373 1248463 3002931 1553815\n leases 131791\n contracts 6138219 1016892 1141212\n facilities 138308 23316 41095\n 947967 203099\n13949545 1954928 3134258 4420932 4439427\n discount premiums $. 5 million.\n capital leases.\n excludes deferred financing fees.\n offices vehicles equipment.\n newbuild ships euro.\n dollar.\n export credit financing.\n port facilities.\n fixed variable rates libor constant.\n commitments service maintenance contracts."
}
{
    "_id": "dd4bdcd7c",
    "title": "",
    "text": "system energy resources.\n has $ 382. 3 million unrecognized tax benefits interest tax uncertainties settlement tax.\n note 3 financial statements tax benefits.\n planned capital investment estimate includes nuclear fleet operational excellence initiative improvements.\n wholly-owned subsidiary dividends earnings monthly.\n internally generated funds cash debt issuances bank financing.\n refinance redeem retire debt maturity.\n debt common stock issuances require regulatory approval.\n subject issuance tests.\n capacity capital needs.\n receivables money pool december 31.\n 2016 2015 2014 2013\n $ 33809 $ 39926 $ 2373 $ 9223\n note 4 financial statements.\n energy nuclear fuel company credit facility $ 120 million expire may 2019.\n december 31 2016 $.9 million letters credit commercial paper system energy nuclear fuel company.\n 4 statements.\n energy authorizations ferc 2017 2022 short-term borrowings $ 200 million long-term borrowings security issuances borrowings nuclear fuel.\n 4 borrowing limits."
}
{
    "_id": "dd4b8705c",
    "title": "",
    "text": "includes shares repurchased program tendered exercise price tax withholding employee stock options.\n shareowner return performance graph securities exchange commission future filing securities act 1933 act 1934.\n graph five-year comparison shareowners 2019 returns class b common stock s&p 500 index dow jones transportation average.\n quarterly stock price reinvested dividends assumes $ 100 invested december 31 2004 s&p 500 index dow jones average common stock.\n five year cumulative return $ 40. 60. 80. 100. 120. 140. 160. 2004 20092008200720062005 500.\n parcel service. 100. 89. 91. 87 70. 75.\n&p 500 index 100. 104. 121.\n jones average. 111. 122.97. 115."
}
{
    "_id": "dd4bf05de",
    "title": "",
    "text": "table illustrates pro forma effect on net income earnings per share outstanding unvested stock options 2005 accounted estimated fair value.\n ended.\n net income $ 838\n stock option compensation expense net income taxes\n stock option compensation expense fair value method\n net income $ 831\n earnings per share\n.\n.\n.\n.\n earnings per share calculated net income weighted-average shares excludes unvested shares restricted stock.\n dilutive effect stock options awards equity-related financial instruments.\n excluded from.\n purpose involved entities.\n trusts structure sell certificated interests tax-exempt investment-grade assets mutual fund customers.\n financial statements.\n transfer assets investment portfolio adjusted book value.\n finance acquisition selling certificated interests third-party investors.\ninvestment securities trusts.\n certificated interests-term borrowings owed third-party investors.\n interest revenue expense recorded net interest revenue."
}
{
    "_id": "dd4b89ff0",
    "title": "",
    "text": "entergy corporation subsidiaries financial analysis five-year comparison financial statements.\n november 2007 board approved plan separation non-utility nuclear business.\n april 2010 unwind infrastructure-off.\n recorded expenses write capitalized costs spin-off.\n costs discussed.\n analysis change revenue 2010 2009.\n.\n 2009 net revenue $ 4694\n volume 231\n retail electric price\n regulatory proceedings\n production cost equalization\n decommissioning trust\n fuel recovery\n 2010 net revenue $ 5051\n variance increase 8362 gwh 8% electricity usage retail sectors colder weather warmer.\n industrial sector sales growth economic recovery.\n improvement driven inventory restocking strong exports chemicals refining miscellaneous manufacturing sectors.\nretail electric price variance due increases formula rate plan entergy gulf rate increase entergy arkansas actions entergy texas increases may august plan provision $ 16. 6 million third quarter 2009 refunds recovery entergy arkansas 2008 extraordinary storm costs ceased january 2010.\n offset operation maintenance expenses.\n note 2 financial statements."
}
{
    "_id": "dd4bf6178",
    "title": "",
    "text": "2022 obligation payments financial guarantee letter credit subsidiary loss lender triggering defaults debt parent company.\n senior secured credit facility debt securities include default bankruptcy subsidiaries.\n revolving credit agreement includes default payment defaults accelerations debt.\n subsidiaries default indebtedness.\n total non-recourse debt $ 2. 2 billion.\n debt defaults $ 1 billion at december 31 2017 non-recourse subsidiaries 2014 alto maipo aes puerto rico aes ilumina.\n note 2014debt. statements.\n subsidiaries default definition materiality corporate debt agreements december 31  2017 defaults trigger acceleration indebtedness.\n dispositions reductions financial \"material subsidiary trigger default indebtedness parent company debt securities.\nsubsidiary defined credit business 20% parent company cash distributions four fiscal quarters.\n defaults cross-default recourse debt.\n summary obligations liabilities december 31 2017 excludes discontinued operations held-for-sale less than 1 year 5 years debt obligations $ 20404 2250 2431 5003 10720 2014 interest payments long-term debt 9103 1172 2166 1719 4046.\n less than 1 year 1-3 3-5 years more 5 years\n debt obligations $ 20404 2250 2431 5003 10720\n interest payments long-term debt 9103 1172 2166 1719 4046\n capital lease obligations \n operating lease obligations 935\n electricity obligations 4501\n fuel obligations 5859 1759\npurchase obligations 4984 1488 1401 781 1314 2014\n long-term liabilities aes consolidated balance sheet 701  2014 284 118  277  22\n $ 46505 $ 7310 $ 8990 $ 9639 $ 20544 22\n recourse non-recourse debt.\n exclude capital lease obligations.\n interest payments estimated maturity dates securities december 31 2017 future refinancing early redemptions new debt issuances.\n variable rate interest obligations december 31 2017.\n include current liabilities uncertain tax obligations.\n obligations column timing.\n include regulatory liabilities contingencies pension postretirement employee benefit liabilities derivatives incentive compensation taxes obligations timing payments.\n consolidated financial statements 8 10-k.\n 8.2014financial statements."
}
{
    "_id": "dd4979b84",
    "title": "",
    "text": "advisory revenues decreased $ 44 million. $ 477. 8 million.\n assets $ 129. 5 billion down $ 12. 6 billion 2008.\n assets increased $ 46. 7 billion $ 36. 5 billion market gains $ 10. 2 billion net inflows institutional investors.\n $ 1. 3 billion.\n administrative fees decreased $ 35 million $ 319 million.\n $ 4 million 12b-1 fees $ 31 million reduction servicing revenue cost reduction.\n offset operating expenses.\n compensation decreased $ 42 million $ 773 million.\n $ 19 million reduction bonus program.\n lowered costs $ 14 million workforce reduction benefits.\n headcount. 4%. attrition retirements.\n advertising promotion expenditures $ 31 million.\n depreciation expense occupancy costs increased $ 4 million. 5%2008 capital spending facility growth plans.\n operating expenses decreased $ 33 million 18% 18 % decline $ 4 million distribution service expenses assets mutual fund.\n cost control efforts expense reductions lower professional fees travel costs.\n non-operating investment activity net losses $ 12. million 2009 $ 52. 3 million 2008.\n improvement $ 40 million reduction impairments sponsored mutual funds.\n mutual fund investment gains losses.\n impairments -91.\n capital gain.\n net gain fund dispositions.\n loss holdings.\n lower income $ 16 million money market holdings lower interest rate improvement fund investments.\n 2009 income taxes pretax income 37. 1%. 4% 2008.\n reductions tax provisions benefits lowered 2009 tax rate.\n.\n stockholders equity increased $ 2. billion $ 3. billion.\n repurchased 5. million shares $ 240. million.\n value $ 2. 6 billion december 31 cash mutual fund holdings $ 1. 5 billion.\n liquidity.\n.\n"
}
{
    "_id": "dd4b9b048",
    "title": "",
    "text": "aeronautics segment includes fewer larger sales results.\n discussion focuses on lines programs.\n financial information consistent with note 5 financial statements.\n programs classified by.\n government.\n operating results included in results oversight controls.\n research design development manufacture advanced military aircraft combat mobility unmanned.\n combat aircraft programs include f-35 lightning f-16 falcon f-22 raptor.\n air mobility programs include c-130j super hercules c-5m super galaxy.\n provides logistics support sustainment upgrade services.\n 2019 operating results 2010 2009 2008.\n net sales $ 13235\n operating profit 1502\n margin 11. 3%.\n backlog-end\n net sales for aeronautics increased 8% in 2010 2009.\n all three lines business.\n$ 800 million increase air mobility higher volume c-130 c-5 reliability enhancement program.\n 25 c-130j deliveries 2010 16 2009.\n $ 179 million increase higher volume f-35 contracts f-16.\n 20 f-16 deliveries 2010 31 2009.\n $ 55 million increase higher volume p-3 advanced development.\n net sales increased 6% 2009.\n.\n increase $ 296 million higher volume c-130.\n 16 c-130j deliveries 2009 12 2008.\n combat aircraft sales increased $ 316 million higher volume f-35 f-16.\n 31 f-16 deliveries 2009 28 2008.\n $ 116 million increase higher volume p-3 advanced development.\n operating profit decreased 5% 2010.\n decline offset aeronautics.\n $ 149 million decrease lower volume performance adjustments f-22 f-35.\ndecreases profit higher volume performance f-35 contracts.\n $ 35 million increase programs higher volume performance p-3 advanced development favorable performance adjustments sustainment.\n $ 19 million increase mobility profit higher volume improved performance c-130j decrease.\n remaining profit increase other income.\n aeronautics operating margins decreased.\n reflects life cycles.\n more f-35 less f-22 f-16.\n lower profits.\n net sales increased 2010 operating profit decreased margins declined."
}
{
    "_id": "dd4c60992",
    "title": "",
    "text": "contents cdw corporation subsidiaries consolidated financial statements benefits deductions.\n arrangement accounted contingent consideration.\n pre-2009 business combinations former accounting standard precluded recognition contingent consideration.\n contingent consideration additional purchase price goodwill contingency resolved.\n december 31 2013 company accrued $ 20. million arrangement liabilities realized tax benefit compensation deductions 2013 tax year.\n cash contribution first quarter 2014.\n.\n earnings per share basic diluted earnings share net income.\n weighted-average shares outstanding.\n reconciliation diluted.\n millions years 31 2015 2014 2013\n weighted-average shares 170.\n dilutive securities.\n.\n. 2013 basic weighted-average shares impacted common stock 2019 option.\ncommon stock issued july 2 31 shares partially reflected 2013 shares.\n fully reflected 2015 2014 shares.\n note 10 stockholders 2019 equity.\n dilutive effect stock options restricted stock units coworker stock purchase plan reflected diluted shares method.\n 0. 4 million shares excluded 2015 insignificant 2014 2013-dilutive.\n.\n coworker retirement compensation benefits salary reduction 401 coworkers.\n coworkers outside.\n participate savings plans.\n contributions cash board directors.\n 2015 2014 2013 expensed $ 19. 8 million $ 21. 9 million $ 17. 3 million.\n coworker stock purchase plan january 1 2014 first offering period.\n coworkers acquire 5% discount closing market price final offering period.\nno compensation expense.\n debt plan established unfunded nonqualified deferred compensation plan."
}
{
    "_id": "dd4c53620",
    "title": "",
    "text": "operating leases require property taxes insurance maintenance costs rent.\n sublease income insignificant.\n noncancelable future lease commitments.\n 2019 $ 137.\n 2020 115.\n 2021.\n 2022.\n 2023.\n 2023 91.\n noncancelable future lease commitments $ 559.\n.\n obligations.\n depreciation capital leases expense.\n issued guarantees $ 540. 8 million consolidated subsidiaries $ 167. 3 million non affiliates.\n off-balance sheet arrangements limited future payments non-cancelable operating leases $ 559. 3 million.\n.\n packaged foods industry.\n acquired blue buffalo pet operating segment.\n third quarter 2017 new global organization structure leadership scale operational agility.\n reorganization operating segments.\nnew structure chief north america retail convenience stores foodservice europe australia asia latin america pet.\n america grocery stores mass merchandisers membership stores natural food chains e-commerce.\n product categories-to-eat cereals yogurt soup meal kits dough dessert baking mixes frozen pizza snacks grain fruit snacks organic products nutrition bars salty.\n categories convenience stores foodservice cereals snacks yogurt frozen meals dough baking mixes.\n branded.\n distributors operators.\n europe australia.\n categories refrigerated yogurt meal kits-premium ice cream dough vegetables grain snacks dessert baking mixes.\n"
}
{
    "_id": "dd4bd8ed4",
    "title": "",
    "text": "maintain operate assets contractual obligations lease arrangements guidelines railroad industry.\n no control value leased assets.\n power direct activities control economic performance.\n obligation absorb losses right receive benefits not primary beneficiary consolidate performance fixed-price purchase options not.\n future minimum lease payments totaled $ 2. 6 billion december 31  2015.\n 17.\n leases locomotives cars.\n consolidated statements included $ 2273 million $ 1189 million depreciation $ 2454 million 1210 million depreciation.\n charge income depreciation included depreciation expense.\n future minimum lease payments leases operating leases capital leases.\n 2016 491 217\n 2017 220\n 2018 371 198\n 2019 339 184\n 2020 282\n 1501 575\nminimum lease payments $ 3430 $ 1587\n interest -319\n $ 1268\n 95% capital lease payments locomotives.\n rent expense leases one month $ million 2015 $ 593 million 2014 $ 618 million 2013.\n rental variable rental expense.\n contingent rentals sub-rentals not significant.\n.\n commitments contingencies lawsuits pending subsidiaries.\n effect operations financial liquidity.\n recorded liability probable estimated.\n lawsuits claims environmental costs commitments contingent liabilities guarantees financial liquidity.\n cost incidents.\n actuarial analysis expense liability claims.\n federal employers 2019 liability act compensation work-related accidents.\n damages assessed fault-court settlements.\n services rehabilitation programs employees injured work.\npersonal injury liability discounted uncertainty future payments.\n 94% liability claims"
}
{
    "_id": "dd4987b58",
    "title": "",
    "text": "agreements pulpwood processing energy one to twenty years fixed prices.\n commitments.\n 2010 $ 6951\n 2011 5942\n 2012 3659\n 2013 1486\n 2014\n 25048\n $ 44572\n agreements not marked.\n purchased $ 37. 3 million $ 29. 4 million $ 14. 5 million 2009 2008 2007.\n legal actions.\n claims.\n believes financial position cash flows.\n environmental liabilities costs uncertain cleanup costs governmental laws regulations alternative cleanup technologies.\n 1994 2009 remediation costs mills plants $ 3. 2 million.\n 2009 environmental reserve $ 9. 1 million landfills surface impoundments remedial projects.\n contingencies estimates costs.\n estimates may change.\ncompany believes future environmental expenditures asset retirement obligations above $ 9. 1 million december 31 2009 financial condition results cash flows.\n sale pca containerboard corrugated products business liability facilities waste disposal environmental liabilities closed landfill city mill.\n.\n retirement obligations landfill capping post-closure costs.\n pca required perform capping closure landfills.\n recognizes liabilities financial statements december 31 2009"
}
{
    "_id": "dd4c60fc8",
    "title": "",
    "text": "option purchase class interests equal current capital account value plus unpaid preferred return prescribed make-whole amount.\n change third-party holder capital account charged to retained earnings net earnings eps.\n issued guarantees $ 505 million consolidated subsidiaries $ 165 million non-consolidated affiliates.\n off-balance sheet arrangements limited future payments non-cancelable operating leases $ 501 million.\n invested five variable interest entities.\n material to results operations financial condition liquidity.\n defined benefit plans subject pension protection act.\n require additional contributions.\n fiscal 2017.\n table summarizes future estimated cash payments contractual obligations payments due by period.\n 2018 2019 2021 2023\n long-term debt $ 8290. 604. 2647. 1559. 3479.\ninterest 83. 2014\n operating leases 500. 118. 182. 110. 89.\n capital leases.\n purchase obligations 3191. 2304. 606. 264. 15.\n contractual obligations 12067. 3112. 3437. 1934. 3583.\n long-term obligations 1372.\n long-term obligations 13440. 3112. 3437. 1934. 3583.\n 12067. 3112. 3437. 1934. 3583.-term obligations 13440. 3112. 3437. 1934 3583. cash payments-term debt. million capital leases. million unamortized debt costs premiums discounts fair value adjustments.\n minimum rental commitments non-cancelable.\n purchase obligations raw material packaging consumer marketing.\n terms quantities pricing timing.\n cancelable penalty short notice 30 days.\nbalance sheets accrued liabilities excluded.\n value foreign exchange equity commodity grain derivative contracts $ 24 million may 28 2017.\n impact cash.\n long-term obligations liabilities accrued compensation bene fits underfunded defined benefit pen.\n pay $ 21 million benefits unfunded postemployment benefit plans $ 14. 6 million deferred com pensation 2018.\n estimate beyond.\n liability uncertain tax positions accrued interest penalties $ 158. 6 million.\n accounting estimates note 2 financial statements page 51.\n.\n promotional expenditures valuation assets intangible assets redeemable interest stock-based compensation income taxes defined benefit pension plans.\n.\nactivities include payments discounts distribution new products coupons contests incentives media advertising expenditures.\n recognition costs requires participa performance.\n annual report 29"
}
{
    "_id": "dd4bf6268",
    "title": "",
    "text": "inc.\n financial statements 2014 changes control issuers repurchase senior notes price equal 101% principal amount plus accrued unpaid interest s&p ratings ba3 bb- conditions repurchase obligation apply.\n 2006 53 mortgage loans.\n balances $ 0. 4 million to $ 114. 4 million.\n interest fixed rates 5. 6%. to 8. 5%. per eight loans $ 0. 4 million to $ 114. 4 million variable rates 3. 6%. to 8. 5%.\n fixed rate debt 7. 06%. variable rate 5. 61%.\n loans maturity eight years.\n $ 114. 4 variable mortgage debt repaid january 2007.\n indebtedness maturities.\n 2007 130206\n 2008 33117\n 2009 372725\n 2010 265915\n 2011 273761\n1261265\n maturities 2336989\n less unamortized commission fees discounts -7936\n senior notes debt $ 2329053\n provisions long-term debt incur debt make dividends distributions investments enter transactions merge consolidate transfer assets sell assets.\n maintain unencumbered assets 150% 150 % ) unsecured debt.\n exposed interest rate changes.\n limit risks risk management policies derivatives.\n fix debt manage cost borrowing obligations.\n interest rate swap.\n prohibit derivative instruments trading speculative.\n contracts financial institutions credit ratings factors.\n adverse effect net income financial position derivatives."
}
{
    "_id": "dd4bf06ba",
    "title": "",
    "text": "2012 $ 50. million loan collateralized land buildings tenant improvements corporate headquarters.\n seven year term maturity december 2019.\n interest one month libor margin 1. 50%. prepayment without penalty.\n includes covenants events default credit agreement.\n requires approval property transfers.\n 2016 outstanding balance $ 40. million $ 42. million.\n average interest rate 2. 5%. 0%. years.\n scheduled maturities debt.\n 2020 2021\n 2022 interest expense $ 34. million $ 26. 4 million 14. 6 million years 2017 2016 2015.\n deferred financing costs bank fees capital built-to-suit lease interest.\n amortization deferred financing costs 1. 3 million. 2 million. million 2016 2015.\ncompany monitors financial health lenders credit long term debt facilities instability lenders.\n.\n company leases warehouse office brand factory stores equipment.\n leases expire through 2033 excluding extensions rental adjustments.\n table lease agreements brand stores contingent rent future sales payments maintenance insurance real estate taxes.\n schedule future minimum lease payments non real property leases december 31 2017"
}
{
    "_id": "dd4bc0f5a",
    "title": "",
    "text": "amortization expense selling administrative expenses $ 13. million $ 8. million 2016 2015 2014.\n estimated intangible assets.\n 2017 10509\n 2018 9346\n 2019 9240\n 2020 7201\n 2021 5318\n 2022\n $ 58370\n 2016 2015 2014 goodwill assets not impaired.\n.\n revolving commitments $ 1. 25 billion borrowings term loan maturing january 2021.\n 2016 no outstanding balance $ 186. million term loan borrowings.\n borrowings $ 300. million conditions.\n incremental borrowings uncommitted market conditions.\n maturities less one year.\n $ 50. million issuance letters credit.\n $ 2. million letters outstanding december 31 2016.\ncredit agreement negative covenants limit company subsidiaries incur indebtedness make restricted payments pledge assets make investments loans advances guarantees acquisitions changes enter transactions.\n required maintain ratio consolidated ebitda to interest expense not less than 3. 50 to 1. 00 indebtedness to ebitda greater than 3. 25 to 1. 00.\n december 31 2016 compliance with ratios.\n agreement contains events default customary cross default provision.\n borrowings bear interest at rate per annum equal to alternate base rate or.\n dollars applicable margin.\n"
}
{
    "_id": "dd4be3640",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries financial statements 2030 interests senior subordinated interests secondary market-making securitization entities interests.\n principal interests securitizations 2014 2018 2012 2017.\n fair value $ 3. 28 billion 2018 $ 2. 13 billion 2017.\n derivative transactions commitments.\n net $ 75 million 2018 $ 86 million 2017 notional $ 1. 09 billion 2018 $ 1. 26 billion 2017.\n exposure loss nonconsolidated table.\n weighted average economic assumptions fair value mortgage-backed retained interests.\n december 2018\n $ 3151 $ 2071\n life 7.\n prepayment rate 11. 9%. 9 %. 4%. 4 %\n 10% adverse change\n 20% 4. 7%. 7 %. 2%. 2 %\n10% ( 10 % ) adverse change $ -75 ( 75 ) $ -35 ( 35 )\n 20% ( 20 % adverse change $ -147 ( 147 ) $ -70 ( 70 )\n 2030 amounts reflect financial instruments risks.\n changes fair value adverse assumptions.\n impact calculated independently.\n simultaneous magnify counteract.\n constant prepayment rate key.\n discount rate.\n government collateralized mortgage obligations include credit loss.\n reflected.\n firm retained interests not fair value $ 133 million life 4. 2 years 2018 $ 56 million 4. 5 years 2017.\n constant prepayment discount rates sensitivity adverse changes not meaningful december 2018.\n maximum exposure adverse changes $ 133 million 2018 $ 56 million 2017.\n.\n variable interest. losses residual returns.\n firm 2019s variable interests in vies include debt loans commitments partnership interests preferred equity foreign currency credit risk guarantees fees.\n interest currency derivatives not risk.\n vies purchase assets debt equity securities collateralized indexed.\n subordination.\n involvement includes securitization financial assets investments loans vies.\n note 11 securitization beneficial interests.\n note 3 consolidation policies definition.\n 2018 form"
}
{
    "_id": "dd4c1ca1c",
    "title": "",
    "text": "issuer purchases equity securities table repurchases common stock three-month period ended december 31 2007.\n total shares purchased average price paid maximum number shares.\n average pricepaid pershare\n october 127100.\n november 1504300. 34068831\n december 1325900. 32742931\n repurchased 2957300 shares common stock quarter december 31 2007 repurchase program announced october 2002.\n board directors approved repurchase program 128 million shares 20 million shares september 2007.\n management determine number price shares timing law.\n december 31 2007 repurchased 95. 3 million shares.\n unregistered sales equity securities."
}
{
    "_id": "dd4c24a6e",
    "title": "",
    "text": "useful life asset less than physical life.\n factors affect useful life wear and tear obsolescence technical standards contract life market demand competitive position raw material availability geographic location.\n life monitored changed business circumstances.\n changes technology future demand excessive wear tear shorter life.\n depreciate remaining net book value over life depreciation expense.\n if useful life increased decreases depreciation expense.\n long-term customer supply contracts.\n 15 to 20 years.\n performance.\n 10 to 15 years.\n equipment energy segment five to 10 years.\n depreciable lives extended to 20 years redeployable assets.\n matched.\n extensions prior expiration.\n depreciable life adjusted new contract term physical life.\n depreciable lives of production facilities merchant gases 15 years.\ncontracts products facilities shorter term.\n depreciable lives facilities electronics materials range 10 to 15 years.\n determined based on historical experience future.\n management monitors assumptions adjust life circumstances.\n change by one year for annual depreciation expense decrease life 1 increase life 1 year.\n merchant gases $ 32 $ -24\n electronics performance materials $ 12  $ -11\n impairment of assets plant equipment for testing lowest level identifiable cash flows.\n impairment testing occurs carrying recoverable.\n decrease in market value adverse change operating cash flow losses changes in expected useful life.\n estimate of future cash flows compared to carrying value impairment.\n loss measured based on difference between fair value and carrying value.\nestimate asset group value discounted cash flows.\n assets lower carrying amount less cost.\n assumptions cash estimates impairment review.\n industry market conditions sales volume costs inflation.\n changes impairment charge.\n reasonable assumptions"
}
{
    "_id": "dd4b87340",
    "title": "",
    "text": "jpmorgan chase. report loss $ 2. billion $ 919 million.\n private equity $ 292 million 391 million.\n revenue $ 601 million 836 million gains public securities.\n noninterest expense $ 145 million $ 238 million.\n treasury cio loss $ 2. 1 billion $ 1. 3 billion.\n $ 3. billion.\n loss $ 5. billion losses portfolio $ million losses credit derivative positions.\n offset securities gains $ 2. billion.\n revenue $ 888 million extinguishment gains redemption trust preferred securities.\n.\n interest income negative $ 683 million $ 1. 4 billion lower portfolio yields higher deposit balances.\n loss $ 221 million $ 821 million.\n noninterest revenue $ 1. 8 billion.billion benefit washington bankruptcy settlement $ 665 million gain recovery bear stearns loan.\n noninterest expense $ 3. 8 billion up $ 1. 0 billion prior year.\n year $ 3. 7 billion litigation reserves mortgage-related.\n prior year $ 3. 2 billion.\n treasury cio liquidity funding interest rate foreign exchange risks capital plan.\n risks four business segments assets liabilities.\n-liability high securities longer-term portfolios.\n uses derivatives securities not-liability objectives.\n note 6 pages 220 2013233.\n note 3 pages 195 2013215.\n cio securities portfolio.\n.\n government securities mortgage-backed securities corporate debt obligations.\n states municipalities.\ndecember 31 2013 treasury cio securities portfolio $ 347. 6 billion average credit rating aa+ s&p.\n note 12 pages 249 2013254.\n liquidity funding risk liquidity risk management pages 168 2013173.\n interest rate foreign exchange risks treasury value-at-risk-sensitive revenue market risk management pages 142 2013148.\n income statement balance sheet data december 31 2013 2012 2011.\n securities gains $ 659 $ 2028 $ 1385\n 353712 358029 330885\n 347562 365421 355605\n mortgage loans 5145\n 3779 7037\n held-to-maturity balance $ 24. 0 billion december 31 2013.\n-maturity balances."
}
{
    "_id": "dd4c4cd52",
    "title": "",
    "text": "abiomed.\n 2005 annual report page 15 consolidated financial statements 2014 31 compensation expense stock option grants expense stock employee stock purchase plan $ 44000 $ 19000 $ 28000 2003 2004 2005.\n not representative future years options granted shares purchased.\n tax effect net losses.\n foreign currencies.\n dollar functional currency foreign subsidiary.\n financial statements.\n remeasured.\n dollars current rates exchange monetary assets historical rates nonmonetary assets.\n foreign exchange gains losses included results operations.\n 2004 financial accounting standards board issued.\n costs.\n.\n abnormal freight handling costs wasted materials current charges.\n fixed production overhead normal capacity production facility.\n effective first quarter fiscal year 2007.\n impact results financial position cash flows.\ndecember 2004 fasb issued.\n 153 nonmonetary eliminates exception replaces exception.\n adopt 153 second quarter fiscal 2006 financial statements.\n 2004 issued revised financial accounting standard.\n 123-based payment.\n cost employee services equity instruments.\n april 2005 fair value share options granted 2003 2004 2005 $ 1. 69 $ 1. 53 $ 3. 94  share calculated black-scholes option-pricing model assumptions.\n risk-free interest rate 2. 92%. 92 %. 56%. %. 87%. 87 %\n dividend yield 2014\n option term 5. 3. 5\n stock price volatility 85% ( 85 % ) 86% 86 % 84 %"
}
{
    "_id": "dd4c3af26",
    "title": "",
    "text": "management financial condition results operations 2013 corporate expenses decreased 2012 $ 4. $ 137. 2011 lower office general expenses increase information-technology-upgrade initiatives.\n capital flow tables financial data capital resources.\n 2013 2012 2011\n net income adjusted operating $ 598. $ 697. $ 735.\n working capital -9. -293. 293. -359.\n non-current assets liabilities. -46. -102.\n operating activities $ 592. $ 357. $ 273.\n investing activities -224. 224 -210. -58.\n financing activities -1212. 131 -541. 541.\n net income adjusted depreciation amortization restricted stock non compensation early extinguishment debt deferred income taxes.\nreflects changes accounts receivable expenditures billable assets accounts payable accrued liabilities.\n activities cash 2013 $ 592. increase $ 235. 2012 improvement working capital usage $ 283. offset decrease net income.\n generate second use first largest impacts first fourth quarters.\n improvement impacted by media businesses management.\n net cash 2012 $ 357. increase $ 83. 2011 decrease working capital usage $ 66.\n impacted media businesses.\n timing media buying affects working capital cash.\n agencies pay production media costs.\n.\n affect accounts receivable expenditures billable accounts payable accrued liabilities.\n assets include cash receivable liabilities.\n affected by timing payments.\n annual cash incentive awards paid first quarter.\n cash capital expenditures acquisitions.\n $ 173.hardware leasehold improvements.\n $ 61. acquisitions."
}
{
    "_id": "dd4bc6950",
    "title": "",
    "text": "loan sales securitizations residential commercial mortgage loans association fnma fhlmc third-party investors.\n securitize transferred loans securities.\n retain interest loans rights.\n note 9 goodwill intangible assets.\n 2009 residential commercial loans sold $ 19. 8 billion $ 5. 7 billion.\n 2008 sold $ 3. 1 billion.\n no residential sales acquisition national city.\n involvement servicing repurchase obligations breaches.\n cleanup repurchase option loans.\n advance principal interest payments collateral protection advances.\n risk.\n liability for estimated losses loans.\n recourse arrangements loans fnma fhlmc.\n 25 commitments guarantees.\n exposure loss limited repurchase recourse obligations.\nloans transferred option repurchase delinquent loans.\n.\n control recognize repurchase liability balance sheet.\n december 31 2009 2008 repurchase option asset liability totaled $ 577 million $ 476 million.\n loans transferred special purpose entity distinct transferor.\n bankruptcy-remote trust passive activities.\n self-liquidating real estate mortgage investment conduits.\n financed certificates senior subordinated tranches.\n exempt from consolidation conditions.\n securitization activities acquisition city.\n credit card receivables automobile residential mortgage loans securitized qspes.\n financed issuance sale beneficial interests not consolidated december 31 2009 2008.\n note 1 accounting policies january 1 2010.\n securitization qspes retained interests.\nsummarizes assets liabilities securitization transactions outstanding december 31 2009.\n millions\n assets $ 2368 $ 232 $ 2129 $ 319\n liabilities 1622 232 1824 319\n-end balances loans securitization.\n series 2005-1 2006-1 2007-1 2008-3 outstanding.\n fourth quarter 2009 2008-1 2008-2 matured.\n involvement receivables servicing holding retained interests.\n no servicing asset liability recognized.\n clean-up call repurchase option securitization series extends payoff date.\n balance reaches 5% initial balance"
}
{
    "_id": "dd4bdfb4e",
    "title": "",
    "text": "part ii item 5.\n 2019s common equity matters issuer purchases common stock traded new york stock exchange.\n february 13 2019 10000 holders.\n board directors declared cash dividend $ 0. 235 per share payable march 15 2019 holders 2019.\n no assurance dividends.\n discretion earnings financial position cash requirements.\n equity compensation plans item 12.\n transfer agent registrar stock computershare shareowner services llc 480 washington boulevard jersey city new jersey ( ) 363-6398 sales unregistered securities.\n repurchases purchases october 1 2018 december 31  2018.\n shares purchased average price paid share plans programs maximum value.\ntotal number average price paidper share maximum dollar value\n october 1 - 31 3824  $ 23. 30 $ 338421933\n november 1 - 30 1750 $ 23. 77\n december 1 - 31\n 5574 $ 23. 45 \n total shares common stock value $ 0. 10 per share repurchased withheld employee stock compensation plans offset tax withholding obligations.\n average price per share three calculated tax withholding obligations by withheld shares.\n february 2017 board authorized share repurchase program $ 300. 0 million common stock.\n february 2018 $ 300. 0 million addition 2017 share repurchase program.\njuly 2 , 2018 announcement acxiom acquisition share repurchases suspended reduce increased debt no shares repurchased programs.\n no expiration dates."
}
{
    "_id": "dd4c4749c",
    "title": "",
    "text": "realty trust financial statements.\n lease space tenants.\n fixed rentals monthly.\n office building leases tenants reimburse operating costs real estate taxes year.\n shopping center leases pass-through real estate taxes insurance maintenance.\n additional rent 2019 sales.\n 31 2011 future base rental revenue non leases excluding less one year renewal options amounts 31.\n 2012 1807885\n 2013 1718403\n 2014\n 2015\n 2016\n percentage rentals 2019 sales.\n rents $ 8482000 $ 7912000 $ 8394000 years december 31 2011 2010 2009.\n 10% total revenues.\n due $ 5000000 per annum additional rent stop shop.\n december 31 2002 reallocated rent leases.\nstop & shop additional rent.\n november 7 2011 court determined allocate annual rent unexpired leases agreement judgment pay unpaid rent 2013.\n december 31 2011 $ 41983000 receivable stop shop."
}
{
    "_id": "dd4c4e0f8",
    "title": "",
    "text": "item 5.\n common equity issuer purchases table presents quarterly high low share sale prices common stock 2016 2015.\n march 31 $ 102. 93 $ 83. 07\n june 30 113. 63.\n september 30. 26 107. 57\n december 31.\n march 31 $ 101. 88 $ 93. 21\n june 30 98. 64 91.\n september 30 101. 54 86. 83\n december 31 104. 12 87. 23\n february 17 2017 closing price common stock $ 108. 11 per share.\n 427195037 shares 153 holders.\n annually distribute 90% reit taxable income.\n distributed income.\n two series preferred stock. issued may 2014 dividend rate. 25%. b march 2015 dividend rate. 50%.50 %.\n dividends payable quarterly subject declaration board directors.\n amount timing frequency future distributions discretion factors financial condition cash flows taxation income excise taxes limitations distributions debt equity instruments nols requirements cash trss factors.\n distributed approximately $ 3. 2 billion stockholders including dividend january 2017 subject taxation ordinary income."
}
{
    "_id": "dd4bb123a",
    "title": "",
    "text": "tower corporation subsidiaries december 31 2010 unrecognized compensation expense unvested stock units 2007 plan $ 57. 5 million recognized two years.\n employees.\n common stock purchased bi-annual 85% fair market value first.\n not 15% gross compensation more $ 25000 year.\n periods june 1 november 30 december 1 may 31.\n 2010 2009 2008 employees purchased 75354 77509 55764 shares prices per share $ 34. $ 23. $ 30. .\n fair value offerings estimated commencement date black-scholes pricing model expense recognized expected life.\n average fair value shares 2010 $ 9. 43 $ 6. 65 $ 7. 89 .\n december 31. million shares reserved future issuance.\n assumptions.\n risk-free interest rate.22 %. 23%. 23 %. 29%. 29 %. 44%. 44 %. 99%. 99 %. 28%. 28 %\n average risk-free interest rate. 22%. 22 %. 38%. 38 %. 58%. 58 %\n life shares 6 months\n volatility 35. 26%. 26 %. 27%. 27 %. 31%. 31 %. 63%. 63 % 27. 85%. 85 % 28. 51%. 51 %\n volatility 35. 26%. 26 % 35. 83%. 83 % 28. 51% 28. 51 %\n annual dividends\n.\n stockholders equity warrants 2005 merger spectrasite.\n warrants.\n.\n two shares.\n price $ 32 per warrant.\n.\n 3. 575 shares common.\n.\n.warrants 6. 8 million shares common stock.\n 1. 7 million outstanding december 31.\n expired february 10 2010.\n repurchase repurchased 9. 3 million shares $ 420. 8 million commissions $ 418. 6 million paid cash $ 2. 2 million accounts payable accrued expenses balance sheet."
}
{
    "_id": "dd4c4ca28",
    "title": "",
    "text": ".\n granted 2006 plan 2008 vested nonforfeitable merger.\n after 2008 employees consultants allied waste industries.\n not employed republic services.\n.\n december 31 2009. 3 million shares common stock future grants 2006 plan.\n binomial option-pricing model.\n compensation expense straight-line period retirement.\n volatility based-year historical average.\n risk-free interest rate federal reserve rates.\n historical data estimate future option exercises.\n.\n average values stock options 31 2009 2008 2007 $ 3. 79 $ 4. 36 $ 6. 49 per option assumptions.\n volatility 28. 7%. 7 % 27. 3%. 3 %. 5%. 5 %\n risk-free interest rate. 4%. 7%. 7 8%. 8 %\n dividend yield.1%. 1 %. 9 %. 5%. 5 %\n life. 2.\n life forfeiture. 0%. 0 %. 0% %. 0% 0 %\n services.\n subsidiaries financial statements"
}
{
    "_id": "dd4bc82c8",
    "title": "",
    "text": "eog utilized prices estimated cash flows fair value unproved properties non-cash exchanges.\n.\n.\n december 31 2017 $ 6040 million $ 6390 million senior notes estimated values $ 6027 million $ 6602 million.\n market prices interest rates.\n.\n oil gas properties future cash flows depreciation depletion amortization unamortized capitalized cost.\n adjusted fair value approach.\n accepted offers third-party purchasers fair value.\n 2018 properties $ 139 million written down fair value $ 18 million pretax impairment $ 121 million.\n 2017 $ 370 million $ 146 million impairment $ 224 million.\n 2018 2017 2016.\n costs $ 173 million $ 211 million $ 291 million.\n.\nretirement obligations short long obligations property plant equipment 31 2018 2017.\n $ 946848 $ 912926\n liabilities incurred\n settled -70829 -61871\n revisions -38932 -9818\n currency translations\n end period $ 954377 $ 946848\n current $ 26214 $ 19259\n noncurrent $ 928163 $ 927589\n settlements asset sales.\n noncurrent retirement obligations consolidated balance sheets."
}
{
    "_id": "dd496f5c6",
    "title": "",
    "text": "five-year return citi 2019s common stock 201cc 201d held 65691 stockholders january 31 2018 s&p 500 index financial index five december 31 2017.\n $ 100 invested december 31 2012 citi 2019s common stock s&p 500 index index dividends reinvested.\n five-year return s&p 500 financials.\n 100.\n 131. 132. 135.\n 137. 150. 156.\n. 152. 153\n. 170. 188.\n 193. 208. 230."
}
{
    "_id": "dd4ba9e18",
    "title": "",
    "text": "consolidated financial statements competitive environment economic business conditions.\n pullmantur brand spanish portu- guese latin american markets diversified sourcing spain largest market.\n 2012 european economies insta bility sovereign debt impact auster ity measures.\n spanish econ omy impacted uncertainty.\n costa concordia incident lingering effect impact future uncertain.\n pullmantur goodwill.\n spanish economy worsened challenging environment.\n unemployment rate reached 26% ( 2012 expected rise 2013.\n international monetary fund gdp growth. 8%. revised 2013 gdp projections contraction 1. 3%. reduced 1. 5%. january 2013.\n austerity measures tax cuts benefits exemptions implemented.\n consumer confidence spending.\n deterioration in bookings guests spain 2013 wave season.\nfactors cash flow projections net yield assumptions expectations future capacity growth.\n determined implied fair value goodwill pullmantur unit $ 145. 5 million impairment charge $ 319. 2 million.\n recognized earnings fourth quarter 2012 reported assets.\n no goodwill impairment charges prior periods.\n.\n.\n spanish economy weakens.\n worse future cash flows additional impairment charge may required.\n.\n intangible assets reported balance sheets.\n intangible 2014pullmantur trademarks names $ 218883 $ 225679\n impairment charge\n foreign currency translation adjustment\n 204866\n fourth quarter 2012 annual impairment review trademarks names discounted cash flow model relief-from-royalty method.\n royalty rate based comparable agreements tourism hospitality industry.\ntrademarks names relate pullmantur used discount rate goodwill impairment test.\n.\n deterioration spanish economy cash flow projections pullmantur net yield capacity growth.\n fair value trademarks carrying value.\n impairment charge $ 17. 4 million trademarks fair value $ 204. 9 million.\n charge recognized earnings fourth quarter 2012 reported pullmantur assets consolidated statements income.\n note 13.\n value measurements.\n spanish economy weakens other markets.\n./27/13"
}
{
    "_id": "dd4c5bc8a",
    "title": "",
    "text": "abiomed.\n subsidiaries financial statements 2014.\n income taxes criteria tax position.\n.\n change accounting principle $ 0. 3 million retained earnings long-term liabilities april 1 2007.\n adjustment state failure tax returns 2003 2004 2005.\n initiated voluntary disclosure plan.\n interest penalties income tax statements.\n accrued interest not significant $. 3 million adjustment earnings.\n march 31 2008 no penalties accrued discussions voluntary disclosure plan.\n accrues tax positions penalties.\n liability unrecognized tax benefits $ 0. 2 million march 31 2008.\n unrecognized tax benefit increase 12 months change results.\n reconciliation balance unrecognized tax benefits excluding accrued interest march 31 2008.\n balance april 1 2007 $\nreductions tax positions closing statute limitations -56\n balance march 31 2008 $ 168\n company subsidiaries subject.\n federal income tax state foreign jurisdictions.\n accumulated losses since 1981.\n tax years examination federal commonwealth massachusetts.\n net operating loss tax credit carry forwards income authorities.\n.\n contingencies acquisition impella abiomed additional contingent payments impella shareholders 2022. payment $ 5583333. $ 5583333 average market price share abiomed common stock $ 22 or more no additional contingent consideration.\n average market price between $ 18 $ 22 payment reduced.\n payments cash stock no more $ 9. 4 million stock.\n carrying value goodwill.\n june 2008 510 ( k ) clearance impella. obligation pay $ 5.6 million contingent payments 2005 acquisition impella.\n cash stock $ 1. 8 million remaining $ 11. 2 million cash.\n satisfy impella 2. 5 510 k ) clearance issuance common shares."
}
{
    "_id": "dd4c13c64",
    "title": "",
    "text": "benefit payments funding pension plans determined erisa revenue code rules.\n no contributions 2016.\n 2017.\n made $ 23 million contributions 2016 sikorsky pension plan expect $ 45 million 2017.\n estimated future benefit payments service december 31 2016.\n 2018 2019 2020 2021 2022 2026\n benefit pension plans $ 2260 2340 2420 2510 2590\n retiree medical life insurance plans\n 401 ( k ) employees.\n contributions rates.\n contributions $ 617 million 2016 $ 393 million 2015 $ 385 million 2014 funded common stock.\n plans. shares common stock december 31 2016 2015.\n authorized capital 1. 5 billion shares common stock 50 million shares preferred stock.\n290 million shares common stock december 31 2016 289 million remaining separate trust.\n 305 million shares 2015 303 million remaining separate trust.\n preferred stock.\n 8. 9 million shares $ 2. 1 billion.\n 2014 paid $ 3. billion $ 1. billion 15. 11. 5 million.\n 2016 approved $ 2. billion increase repurchase program.\n remaining future repurchases $ 3. 5 billion december 31 2016.\n $ 1 par value repurchased excess paid-in capital.\n reduced zero excess. billion retained earnings 2016.\n paid dividends $ 2. billion. per share 2016 $ 1. 9 billion. 2015 $ 1. 8 billion. 2014.\n increased quarterly dividend rate 10% increase fourth quarter 2016.\n dividends $ 1.65 first quarters 2016 $ 1. 82 fourth quarter 1. 50. 65 fourth quarter 1. 33 three quarters 2014 1. 50 fourth quarter."
}
{
    "_id": "dd4bd519e",
    "title": "",
    "text": "mississippi.\n net wholesale revenue variance lower profit joint sales reduced capacity municipal energy agency.\n operating revenues fuel power expenses regulatory charges increased $. million fuel cost recovery higher rates offset decrease $ 43 million wholesale revenues generation demand less energy resale system agreement remedy receipts.\n fuel power expenses increased market prices natural gas power offset decreased demand deferred fuel costs.\n regulatory charges grand gulf.\n no effect net income adjustments power management recovery rider.\n 2007 2006 revenue fuel-related expenses gas resale power expenses regulatory charges.\n change net revenue 2007 2006.\n.\n 2006 revenue $ 466.\n.\n.\n.\n.\n.\n.\n.\n $ 486.\n revenue variance due formula rate plan increase july 2007.\n.\nvolume/weather variance due increased electricity usage residential commercial weather sales.\n usage increased 214 gwh.\n offset decreased industrial.\n transmission revenue variance due higher rates new customers 2006.\n equalization variance revision receipts.\n reserve equalization variance revision payments ruling"
}
{
    "_id": "dd4bf04da",
    "title": "",
    "text": "increase cash flows due to timing inventory purchases longer payment terms vendors.\n manage working capital operating cash needs monitor cash conversion cycle sales plus supply inventory minus purchases three-month average.\n components cycle.\n 2017 2016 2015\n sales outstanding 52\n supply inventory 12\n purchases outstanding -45\n cash conversion cycle 19 21\n 1 three-month average balance accounts receivable divided by average daily net sales.\n.\n 2 merchandise inventory average daily cost sales.\n 3 combined balance accounts payable-trade divided by average daily cost sales.\n cash conversion cycle 19 days at december 31 2017 2016.\n increase in dso driven by higher net sales receivable third-party services.\nservices unfavorable impact dso receivable recognized sales net.\n favorable dpo payable recognized cost sales.\n dpo increased mix payables vendors longer payment terms.\n cash conversion cycle 19 21 days december 31 2016 2015.\n increase driven higher net sales third-party services.\n services unfavorable dso receivable recognized gross sales net.\n services favorable dpo payable recognized cost net sales.\n dpo increased mix payables vendors longer payment terms.\n cash increased $ 15 million 2017.\n capital expenditures increased $ 17 million to $ 81 million 64 improvements information technology systems.\n net cash decreased $ 289 million 2016.\n due acquisition cdw uk 2015.\n capital expenditures decreased $ 26 million to $ 64 million from new office location 2015.\nfinancing cash increased $ 514 million 2017 2016.\n driven accounts payable-inventory financing $ 228 million share repurchases 2017 $ 167 million.\n share repurchase program part ii item 5 equity purchases. increase cash financing termination inventory financing fourth quarter 2016"
}
{
    "_id": "dd4badcd4",
    "title": "",
    "text": "adjustments include historical retention costs non-recurring litigation matters secondary-offering expenses consolidation office locations north chicago.\n 2013 recorded ipo secondary-offering expenses $ 75. 0 million.\n note 10 stockholder equity consolidated financial statements.\n impact consolidating five months 2015 results.\n non-gaap net income excludes amortization acquisition assets non equity compensation acquisition integration expenses gains losses extinguishment long-term debt.\n non-gaap net income measure.\n amounts.\n measures differ.\n income information operating performance cash flows future debt service capital expenditures working capital requirements.\n table reconciliation net income non-gaap net income periods.\n 2015 2014 2013 2012 2011\n\n income $ 403. $ 244. $ 132. $ 119. $ 17.\n amortization intangibles 173. 161. 163. 7 165.\n non-cash equity-based compensation 31. 16. 8. 22. 19. 5\n non-cash equity-based compensation 20. 2014\n loss extinguishments long-term debt 24. 3 90. 7 64. 17. 118.\n acquisition expenses 10. 2014\n equity investment -98.\n adjustments 3. 7. 61.\n adjustment income taxes -64. -103 -113 -71 -106.\n non-gaap income $ 503. 5 $ 409. $ 314. $ 247. $ 198.\n expenses 10. 2014 gain equity investment. adjustments 3. 61.adjustment income taxes 64. 103. 113. 71. 106. non-gaap net income $ 503. $ 409. $ 314. $ 247. $ 198. amortization acquisition assets customer relationships contracts trade names.\n 35% 35 % expense equity awards coworkers 2015 acquisition.\n expenses.\n gain remeasurement 35% 35 equity investment.\n consolidation office locations north chicago secondary- offering expenses.\n.\n tax rate 38. 0%. 39. acquisition non- cash equity compensation gain remeasurement 35% equity tax 35. 4%.\n adjustment income taxes $ 4. million deferred tax benefit 2015 tax rate reduction additional tax expense $ 3. million withholding tax unremitted earnings canadian subsidiary.\n acquisition costs non-deductible."
}
{
    "_id": "dd4bc09b0",
    "title": "",
    "text": "management financial condition results operations 2013 amounts millions liquidity capital resources cash flow tables financial data liquidity capital resources.\n 2018 2017 2016\n net income operating $ 1013. $ 852. $ 1018.\n working -431. 431. -410.\n non-current assets liabilities -16. 8 24. -95.\n operating activities $ 565. $ 881. $ 512.\n investing -2491. 2491. -196. -263. 263.\n financing 1853. -1004. -666.\n net income depreciation amortization intangible restricted stock non compensation losses sales deferred income taxes.\n accounts receivable assets accrued liabilities.\nuse cash first nine months largest impact first quarter generate cash fourth quarter driven strong media spending.\n annual capital results impacted fluctuating media spending budgets changing spending patterns.\n timing media buying affects working capital cash flow volatile.\n agencies pay production media costs.\n pay after funds.\n affect accounts receivable payable accrued liabilities contract liabilities.\n assets include cash received accounts receivable liabilities owed suppliers.\n affected timing payments.\n annual cash incentive awards paid first quarter year.\n net cash 2018 $ 565. decrease $ 316. 2017 increase working capital usage $ 436.\n impacted spending levels.\n attributable media businesses.\n $ 881. increase $ 369. 2016 improvement working capital usage $ 415.\n benefited spending patterns.\n2018 $ 2309. 8 acxiom capital expenditures $ 177. 1 leasehold improvements."
}
{
    "_id": "dd4c51ee2",
    "title": "",
    "text": "company had capital loss carryforwards federal tax $ 3844 $ 4357 at december 31 2013 2012.\n recognized full valuation allowance.\n files tax returns states federal.\n subject.\n. tax examinations 2007.\n examinations progress adjustments.\n patient protection affordable care act 23 2010 health care education reconciliation act march 30 2010.\n changes tax treatment federal subsidies retiree health benefit plans.\n payments taxable after december 31 2012 recorded reduction deferred tax assets increase regulatory assets $ 6241 $ 6432 at december 31 2013 2012.\n changes gross liability for unrecognized tax benefits.\n balance january 1 2012 $ 158578\n increases tax positions\n decreases\n december 31 2012 180993\n increases tax positions\ntax positions -30275\n balance december 31 2013 $ 177947\n company adopted tax guidance reclassified 2012 $ 74360 unrecognized tax benefit deferred taxes.\n balance include interest penalties $ 242 $ 260 december 2013 2012 income tax expense.\n increased tax position temporary differences.\n change tax accounting 2008 utility.\n changes unrecognized tax benefits.\n positions 2013 2012 unrecognized tax benefit $ 7439 $ 7532 tax rate."
}
{
    "_id": "dd4c33d0c",
    "title": "",
    "text": "mastercard incorporated financial statements 2010 board authorized plan repurchase $ 1 billion common stock.\n repurchase shares 2010.\n february 16 2011 completed repurchase. 3 million shares $ 75 million.\n.\n 2006 long-term incentive plan amended restated october 13 2008.\n shareholder-approved equity awards employees.\n granted restricted stock units non-qualified stock options performance stock units.\n vest three four years.\n options expire ten years grant vest four years.\n.\n one-time grant non management employees 440 thousand rsus.\n vested three years.\n straight-line method attribution equity awards.\n expense net estimated forfeitures.\n adjusted.\n termination employment unvested awards forfeited.\n retirement retains awards service.\nretirement age service 55 ten 60 five 65 two.\n compensation expense recognized shorter vesting periods.\n 11550000 shares common stock reserved equity awards.\n no.\n option exercises conversions funded issuance new shares.\n fair value estimated date grant black-scholes option pricing model.\n weighted-average assumptions fair value option 31.\n risk-free rate return 2. 7%. 7 %. 5%. 5 % 3. 2%. 2 %\n.\n volatility 32. 7%. 7 7%. 7 % 37. 9%. 9 %\n dividend yield. 3%. 3 % 4%\n-average fair value option $ 84. $ 71. $ 78.\n risk-free rate return based.\n treasury yield curve.\ncompany utilizes calculating expected term option vesting terms contractual life.\n volatility options 2010 2009 average implied volatility mastercard historical volatility"
}
{
    "_id": "dd4baa084",
    "title": "",
    "text": "deferred tax assets realized.\n accruals subject judgment management reviewed adjusted facts circumstances.\n changes tax audits legislation tax matters.\n 2011.\n based on historical operating trends data.\n demand producibility market conditions oil  gas ngls 2011 similar to 2010.\n 201cdisclosure statements.\n canadian operations converted to.\n dollars 2011 exchange rate $ 0. dollar to $ 1. canadian dollar.\n operations north america onshore operations.\n international operations brazil angola divesting.\n sell assets brazil for $ 3. billion angola $ 70 million.\n revenues expenses capital international operations reported as discontinued statements.\n forward-looking estimates exclude international operations.\n 2011 estimates relate america onshore assets.\n oil gas production.\nestimate combined oil gas ngl production 236 to 240.\n.\n. onshore 17 736 34 174\n canada 28 199 3 64\n north america onshore 45 935 37 238\n gas 2011 average prices oil gas production differ price.\n ranges financial contracts price risk management.\n nymex price oil determined monthly average settled prices west texas intermediate crude oil.\n gas-month south louisiana henry hub price index"
}
{
    "_id": "dd4c3143a",
    "title": "",
    "text": "consolidated financial statements 2014.\n may 31 2009 $ 55. million purchase price escrow account.\n former parent company pledged stock loan september 24 2009.\n repayment stock released $ 35. million purchase price seller.\n remaining $ 20. million escrow until january 1 2013 liabilities.\n acquisition presence russian market opportunities central eastern europe.\n purchase price determined financial statements.\n not significant financial statements information.\n global payments indirect guarantee.\n default transfer shares trustee pay.\n 2009 maximum future payments $ 44. 1 million total $ 21. 8 million due paid june 24 2009 $ 22. 3 million due september 24 2009.\n total $ 55 million escrow.\n obligation guarantee de minimis.\n preliminary purchase price allocation.\nassets $ 10657\n 35431\n intangible assets 16500\n trademark 3100\n property equipment 19132\n long-term assets 13101\n acquired 97921\n liabilities -7245\n notes payable -8227\n deferred taxes-term liabilities\n assumed -22921\n assets acquired $ 75000\n goodwill non-deductible tax.\n assets amortization 9 15 years.\n trademark amortization 10 years.\n payments asia-pacific philippines 2008 acquired.\n 56% 56 %"
}
{
    "_id": "dd4be643a",
    "title": "",
    "text": "shareowner return performance graph material future filing securities act 1933 exchange act 1934 except.\n five-year comparison shareowners 2019 returns class b common stock standard 500 index dow jones transportation average.\n quarterly stock price reinvested dividends $ 100 invested december 31 2012 standard 500 index dow jones transportation average class common stock.\n united parcel service. 100. $ 146. $ 159. 148. 182. $ 195.\n 500 index. 132. 150. 152. $ 170. $ 208.\n dow jones transportation average. $ 141. 176. 147. 179. $ 213."
}
{
    "_id": "dd4b95602",
    "title": "",
    "text": "blackrock cash investment administration securities lending performance fees distribution fees.\n cash operating expense interest taxes dividends repurchases expenditures co-investments seed investments.\n statements part ii 8.\n include investment fees securities lending performance fees offset operating expenses-end incentive compensation.\n outflows $ 58 million $ 384 million investment purchases $ 119 million property $ 30 million acquisition $ 441 million proceeds sales.\n $ 2831 million $ 1. 4 billion share repurchases $ 1. 1 billion open market transactions $ 274 million employee tax withholdings $ 1. 5 billion dividend payments offset $ 82 million excess tax benefits stock compensation.\n manages financial liquidity.\nliquidity resources december 31 2016 2015 millions cash equivalents $ 6091 6083 consolidated.\n 2016 2015\n equivalents $ 6091 6083\n consolidated\n liquidity resources $ 10038 $ 9983\n percentage cash equivalents.\n subsidiaries 50% december 31 2016 2015.\n.\n access cash operating activities.\n reflect year-end incentive compensation accruals $ 1. 3 billion $. 5 billion 2016 2015.\n liquidity resources increased $ 55 million 2016 cash flows operating offset cash payments 2015 share repurchases $ 1. 4 billion cash dividend payments $ 1. billion.\n $ 2414 million investments illiquid convertible cash.\n.\n repurchased 3. million common shares $ 1. billion 2016.\ndecember 31 2016 3 million shares authorized.\n january 2017 board approved increase repurchase program additional 6 million shares 9 million shares blackrock common stock.\n.\n capital subsidiaries retaining cash investments.\n subsidiaries cash.\n transfers adverse tax consequences.\n blackrock institutional trust company.\n national bank client deposits powers limited trust fiduciary activities.\n provides investment management services.\n subject regulatory capital liquid asset requirements comptroller.\n december 31 2016 2015 maintain $ 1. 4 billion $ 1. 1 billion net capital regulated subsidiaries.\n compliance net capital requirements.\n undistributed earnings foreign subsidiaries.\n provided.\n federal income taxes $ 5. 3 billion undistributed earnings foreign subsidiaries.\nearnings reinvested outside states.\n plans repatriate funds.\n 2016 credit facility.\n commitment $ 4. billion amended 2016 maturity march 2021.\n permits additional $ 1. 0 billion borrowing capacity $ 5. 0 billion.\n interest borrowings accrues london interbank rate spread.\n not exceed maximum leverage ratio"
}
{
    "_id": "dd4bf094e",
    "title": "",
    "text": "entergy texas.\n subsidiaries income decreased $ 31. million lower revenue higher depreciation amortization expenses operation maintenance expenses higher taxes.\n increased $. million lower expenses write-off spindletop gas storage facility higher net revenue.\n fuel expenses gas power expenses regulatory charges.\n change net revenue 2017 2016.\n.\n 2016 revenue $ 644.\n wholesale revenue.\n purchased power capacity -5.\n transmission revenue.\n reserve equalization.\n retail electric price.\n.\n 2017 revenue $ 626.\n wholesale revenue variance lower capacity revenues purchased power agreements entergy louisiana texas.\n power capacity increased expenses capacity cost changes.\n transmission revenue.\n equalization expenses entergy texas exit agreement.\n 2 statements."
}
{
    "_id": "dd4c54a20",
    "title": "",
    "text": "consolidated financial statements 2014income taxes 30 2006 company state foreign tax loss credit carryforwards tax effect $ 55 million.\n carryforwards $ 12 million expire 2016 2019.\n acquired previous acquisitions limitations internal revenue code.\n remaining benefits tax losses credits expire.\n 24 2005 valuation allowance $ 5 million deferred tax asset state operating losses.\n forecasted income planning recover remaining deferred tax assets.\n reconciliation income taxes federal income tax rate 35% 35 % 2006 2005 2004 2006 2005 2004 restated.\n computed expected tax $ 987 $ 633 $ 129\n state taxes federal effect\n indefinitely invested earnings foreign subsidiaries -224\n nondeductible executive compensation\n research development credit net -5\n-19 4\n income taxes $ 829 $ 480 $ 104\n tax rate 29% 29 % 27% 27 % 28% 28 %\n. income taxes reduced benefits employee stock options.\n benefit difference market value stock option price.\n benefits stock transactions $ 419 million $ million $ 83 million 2006 2005 2004 common stock statements 2019."
}
{
    "_id": "dd4c5a100",
    "title": "",
    "text": "vertex pharmaceuticals financial statements.\n unrealized losses.\n government.\n enterprise corporate asset-backed.\n losses due interest rates.\n investments high grade no adverse credit events.\n hold until recovery value impaired 2006 2005.\n gains losses 2006 $ 4000 $ 88000.\n 2005 $ 15000 $ 75000.\n 2004 $ 628000 $ 205000.\n.\n held $ 30. 3 million $ 41. 5 million.\n balance deposit stand-by letters landlords.\n.\n property equipment depreciation amortization expense 2004 $ 25. 4 million $ 26. 3 million $ 28. 4 million.\n wrote off assets depreciated.\n no effect property equipment.\n assets not depreciated.\n net loss disposal $ 10000 2006 $ 344000 2005 $ 43000 2004.\n.\naltus pharmaceuticals.\n public offering 2006.\n owned 817749 shares common stock warrants purchase 1962494 shares.\n.\n furniture equipment $ 97638 98387\n leasehold improvements 74875 66318\n computers 18971\n 21274 18683\n property 213520 202359\n accumulated depreciation amortization 151985 147826\n $ 61535 $ 54533\n 97638 98387 66318 18971 61535"
}
{
    "_id": "dd4bf189e",
    "title": "",
    "text": "$ 55 million reported 201d balance.\n recovery $ 25 million 2007 reduced cash flows sale. industrial transportation business.\n purchases survivor benefit insurance equity investments.\n cash flows financing december 31.\n 2007 2006 2005\n short-term debt 2014 -1222 882 $ -258 (\n repayment debt -1580 -440 -656\n proceeds\n cash change debt $ 1222 $ 1135 -485\n purchases treasury stock -3239 -2351 -2377\n reissuances\n dividends -1380\n excess tax benefits stock-based compensation\n distributions minority interests 2014 -76\n cash financing $ -2547 -3625\n total debt december 31 2007 $ 4. 920 billion up $.billion-end 2006.\n short-term debt commercial paper.\n repayment 90 days commercial paper repayments $ 1. billion november 2007 redemption $ 322 million convertible notes.\n long-term commercial paper $ 4 billion.\n eurobond december july $ 1. 5 billion.\n march long-term debt $ 750 million december 2007 fixed rate note $ 500 million commercial paper $ 1. 25 billion.\n long-term debt share repurchase.\n accelerated purchases treasury stock $ 3. 2 billion shares 2007.\n debt 30% capital 26% 2006.\n securities convertible notes.\n issuer future sales.\n 150718 shares common stock acquisition diamond productions.\n proceeds future securities sales corporate purposes.\n2007 company established medium-term notes program $ 3 billion.\n 2007 issued five-year $ 500 million fixed rate note coupon rate. 65%.\n remaining capacity $ 2. 5 billion december 31 2007.\n $ 350 million remarketable securities remarketed 2007.\n 350 million $ 62 million floating notes.\n convertible notes value $ 222 million 31 2007.\n next option november 2012.\n 364598 bonds redeemed payout $ 322 million.\n repurchases common stock employee compensation.\n february 2007 authorized two-year share repurchase $ 7. 0 billion 2007 2009.\n december 31 $ 4. 1 billion repurchase.\n."
}
{
    "_id": "dd496f968",
    "title": "",
    "text": "consolidated financial statements 2014 amounts millions per share contingent obligations under subsidiaries credit facilities media payables operating leases.\n guarantees $ 255. 7 $ 327. 1 december 31 2008 2007.\n non-payment subsidiary pay.\n 31 2008 no material assets pledged security guarantees.\n structured acquisitions contingent purchase price obligations reduce risk negative future performance.\n agreements purchase additional equity interests subsidiaries.\n amounts based on future financial performance timing foreign currency exchange rates.\n recorded liability amounts not determinable distributable.\n acquisition obligations additional cost.\n acquisitions deferred payments fixed determinable acquisition date.\n record liability additional cost.\n deferred payments purchases contingent future employment former owners compensation expense.\n acquisition agreements employment terms former owners.\nfuture expense not allocated assets liabilities amortized over employment terms former owners.\n table details estimated liability contingent acquisition obligations amount paid earliest date.\n options exercisable discretion minority owners december 31 2008.\n estimated acquisition payments $ 5. included payments 2009 not 2010 until.\n payments contingent operating performance targets conditions agreements subject revisions earn.\n estimated future contingent acquisition obligations payable cash.\n 2013\n deferred acquisition payments $ 67. 32. 30. 4. 139.\n call options 11. 34. 73. 70. 262.\n contingent acquisition payments 79. 66. 103. 75. 402.\n cash compensation expense.\n $ 76. $ 65. 103. 74. 75..\n entered acquisitions put call options similar terms conditions.\n included contingent acquisition obligation earliest option exercisable.\n revisions 2008 topic.\n-98 redeemable securities"
}
{
    "_id": "dd4bcd4da",
    "title": "",
    "text": "years 2008 2007 2006 ineffectiveness hedge not significant.\n contracts obligation purchase.\n dollars sell euros yen pounds canadian dollars australian dollars korean won purchase swiss francs sell.\n january 2009 through june 2011.\n contracts.\n dollars $ 1343. million.\n francs $ 207. 5 million.\n fair value derivative instruments net unrealized gain $ 32. 7 million $ 33. million net taxes deferred comprehensive income $ 16. 4 million $ 17. 9 million reclassified earnings next twelve months.\n foreign currency forward exchange contracts exposures.\n foreign currency gains/losses.\n offset with gains/losses contracts.\n comprehensive income gains losses excluded from net earnings adjustment stockholders equity.\ncomprehensive income foreign currency translation adjustments unrealized hedge gains losses-for-sale securities amortization prior service costs unrecognized losses actuarial assumptions.\n 2006 adopted sfas 158 2019 defined benefit pension postretirement plans amendment fasb statements.\n 87 88 106 132. funded status benefit plans deferred gains losses.\n unrealized loss $ 35. million 2006.\n balance december 31 loss.\n 2007 31 2008\n foreign currency translation $ 368. -49. $ 319.\n currency hedges -45.\n unrealized gain loss securities -1.\n unrecognized prior service cost gain loss actuarial assumptions. -79 -111\n income $ 290. -50. $ 240.\n reclassified investment available-for-sale.\ninvestment marked market sfas 115 debt equity securities net unrealized gain $ 23. 8 million 2008.\n reclassified investment 2008 proceeds $ 54. 9 million gross gain $ 38. 8 million.\n basis securities consideration acquisition.\n treasury stock repurchases common stock cost method reduction shareholders equity.\n reissue common stock treasury limited purposes.\n 2006 fasb issued sfas.\n 157 201cfair value measurements defines framework expands disclosures.\n measurements guidance hierarchy.\n.\n effective financial statements fiscal years november 2007.\n 2008 fasb issued.\n 157-2 delays effective date provisions.\n non-financial assets liabilities years november 15 2008.\n adoption.\n financial statements results operations.\n.\n2 0 0 8 consolidated financial statements job c48761 046000000|02/24/2009 19:24 valid no graphics color d"
}
{
    "_id": "dd4ba212c",
    "title": "",
    "text": "ability identify acquisition candidates finance acquisitions depends cash reserves financing terms variability stock price integrate acquired business operations services clients personnel effect substantial leverage limit funds acquisitions changes failure government regulations privacy regulations other risks securities exchange commission.\n obligation update alter statements.\n results differ from statements.\n.\n.\n.\n.\n corporate headquarters jacksonville florida owned facility.\n fnf occupies rent 86000 square feet.\n lease office space locations.\n california\n texas\n florida\n georgia york\n jersey\n illinois massachusetts\n alabama carolina\n.\n lease 72 locations outside united states.\n properties adequate for business.\n.\n legal proceedings.\n company involved in litigation matters claims punitive damages.\ncompany believes no actions depart from litigation business.\n note 2022 matters raise factual legal issues uncertainties.\n company reviews follows financial accounting standards.\n accounting contingencies disclosure decisions.\n assessing outcomes ultimate outcome following appeals."
}
{
    "_id": "dd4b8fae0",
    "title": "",
    "text": "part iii item 10.\n directors executive officers corporate governance directors selection process conduct committees committee 16 beneficial ownership reporting compliance proxy statement annual meeting stockholders may 21 2015 executive officers part form 10-k officers. new york stock exchange certification chief executive officer annual ceo certification section 303a. 12 stock exchange company manual.\n item 11.\n executive compensation- management director discussion analysis leadership talent committee report.\n item 12.\n security ownership beneficial owners management stockholder matters shares ownership common stock shares common stock issued equity compensation plans december 31 2014 table.\n equity compensation plan number shares issued outstanding options warrants rights exercise price stock options securities future issuance equity plans.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n. 41661517 equity compensation plans approved holders.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 5866475 performance-based share awards 2009 2014 incentive plans shares stock 2012-2014 2013-2015 2014-2016.\n weighted-average price 2014 2015 2016.\n 98877 restricted share units performance-based awards settled in shares common stock cash.\n.\n settled cash shares common stock.\n restricted cash awards half settled in shares common stock cash.\n 2014 closing stock price $ 20. awards rights additional 2721405 shares.\n not included table.\n29045044 shares common stock 2014 performance incentive plan 12181214 shares employee stock purchase plan 435259 shares 2009 non-management directors 2019 stock incentive plan.\n category shares stock outstanding options warrants rights 123 weighted-average exercise price stock options securities future equity compensation plans\n equity compensation plans approved 15563666. 41661517\n not\n part iii item 10.\n directors executive officers corporate governance information directors selection process conduct committees committee beneficial ownership reporting compliance proxy statement annual meeting stockholders may 21 2015 executive officers part form 10-k. stock exchange certification 2014 chief executive officer annual ceo certification section. stock exchange company manual.\n.\ncompensation compensation management director compensation discussion analysis leadership talent committee report proxy statement.\n.\n security ownership owners management stockholder matters shares ownership common stock shares common stock equity compensation plans december 31 2014.\n compensation plan shares common stock options warrants rights-average exercise price stock options securities future approved security holders.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n. compensation plans approved\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 5866475 performance-based share awards 2009 2014 performance incentive plans target shares common stock issued 2012-2014 2013-2015 2014-2016.\nweighted-average exercise price column 2014 2015 2016.\n 98877 restricted share units performance-based awards settled common stock cash.\n weighted-average price awards.\n award settled cash shares common stock column.\n ipg issued restricted cash awards half settled common stock cash.\n 2014 closing stock price $ 20. 77 awards additional 2721405 shares.\n not included table.\n 4 29045044 shares common 2014 performance incentive plan 12181214 employee stock purchase plan 435259 shares 2009 non directors stock incentive plan."
}
{
    "_id": "dd4bcf28a",
    "title": "",
    "text": "management 2019s discussion analysis jpmorgan chase co. annual report credit derivatives portfolio management qualify hedge accounting.\n reported fair value gains losses recognized transactions revenue.\n loans lending-related commitments risk-managed accounted accrual basis.\n asymmetry accounting treatment credit derivatives causes earnings volatility not representative firm changes value credit exposure.\n effectiveness credit default swap protection exposures vary factors named reference entity. contractual terms cds maturity cds protection shorter.\n firm seeks credit protection maturity same or similar exposure differences maturity monitored managed firm.\n credit portfolio hedges table sets fair value firm 2019s credit derivatives management cva other hedges risk management.\n results vary due market conditions positions.\ngains losses credit portfolio hedges december 31 millions 2013 2012 2011 $ 142 163 ) 32 ).\n 31 2013 2012 2011\n -142 142 -163 163 -32\n -130 -769\n gains losses $ -36 ) -801\n community reinvestment act encourages banks credit needs low moderate incomes.\n firm national leader community development loans investments services states.\n 31 2013 2012 loan portfolio $ 18 billion $ 16 billion.\n 50% 62% residential mortgage loans 26% 13% commercial real estate 16% 18% business banking loans 8% 7% 7 % other loans.\n nonaccrual loans 3% 3 % 4% 4 %.\nyears 2013 2012 net charge-offs portfolio 1% 3% 3 % net charge-offs."
}
{
    "_id": "dd4b9cde4",
    "title": "",
    "text": "equity securities three months december 31 2007 repurchased 8895570 shares common stock $ 385. 1 million $ 1. 5 billion stock repurchase program february 2007 shares purchased average price paid share dollar value.\n price value\n october 2007 3493426 $ 43. $ 449.\n november 2007 $ 44. $ 322.\n december 2007 2510425 $. $ 216.\n fourth quarter 8895570 $.\n repurchases $ 1. 5 billion stock repurchase program february 2007.\n management authorized february 2008 purchase shares open market prevailing prices securities laws subject market conditions.\n trading plans rule 10b5-1 exchange act insider trading laws trading blackout periods.\ndecember 31 2007 repurchased 4. 3 million shares common stock $ 163. 7 million.\n february 2008 approved new stock repurchase program authorized purchase $ 1. 5 billion stock.\n purchases subject cash 1a report additional financing repurchase refinance indebtedness future growth expansion initiatives 7 financial condition results operations."
}
{
    "_id": "dd4c51a78",
    "title": "",
    "text": "share-based compensation cost recorded estimated forfeitures straight-line graded-vesting performance market.\n estimated forfeiture rate based historical trended forfeiture data.\n 2014 2013 2012 recorded compensation cost $ 172 million $ 179 million $ 147 million consolidated statements operations.\n capitalized share-based compensation cost immaterial 2014 2013 2012.\n options options expire 10 years grant vest 3 years vesting.\n fair value stock option estimated grant black-scholes option pricing model weighted-average assumptions.\n expected term.\n risk-free rate return. 3%.\n volatility 25. 2% 34 9%. 9\n dividend yield.\n fair value per option granted $ 44. $ 39. $ 29.\n 2014 based historical option exercises peer companies comparable.\ncompany 2019s data weighted years measurement date initial public offering contractual term.\n weighting peer 2014 58% 58 % 42% 42 % ).\n 2013 2012 peer companies data.\n.\n treasury bond rate expected term.\n historical volatility.\n peer companies.\n weighting years stock price information public offering.\n volatilities 22% ( 22 % to 26% ( 26 % ) annual dividend rate date grant."
}
{
    "_id": "dd4b87b10",
    "title": "",
    "text": "baker hughes financial statements 2017 10-k value rsus vested outstanding 2017 $ 17 million $ 38 million.\n fair value $ 19 million.\n december 31 $ 98 million unrecognized compensation cost 2. 5 years.\n.\n issue 2 billion shares a common. 25 billion class b 50 million preferred stock par value $ 0. 0001 per share.\n july 3 2017 common stock converted a common stock.\n shares outstanding december 31 2017 422 million 707 million.\n issued preferred stock.\n owns class b common stock.\n paired interest.\n no economic rights right dividends assets liquidation.\n stockholders special one-time cash dividend $ 17. per share.\n paid dividends $ 0. 17 $. 18 per share holders september 30 december 31.\ntable presents changes shares outstanding b.\n balance december 31 2016\n business combination july 3 2017 427709 717111\n vesting restricted stock units\n stock options\n stock repurchase program\n balance december 31 2017 422208 706985\n amounts withheld employee's tax withholding obligation.\n november 2 2017 board directors authorized bhge repurchase $ 3 billion common units.\n proceeds common stock $ 1. billion.\n paired repurchased units par value.\n $ 3 billion repurchase authorization repurchases.\n bhge repurchase $ 2. 5 billion units december 31 2017.\n repurchased canceled 6046735 shares a $ 187 million.\n repurchased canceled 10126467 shares b common stock units $ 314 million."
}
{
    "_id": "dd4c131e2",
    "title": "",
    "text": "distribution channels presents doors geographic location ralph lauren-branded products sold april 3 2010 doors.\n united states canada 4402\n 4421\n japan\n 8940\n asia-pacific products distributed concessions sales.\n american living chaps products sold 1700 doors.\n five key department-store customers sales volume.\n 45% wholesale revenues macy.\n 18%.\n brands sold sales.\n showrooms new york.\n regional showrooms atlanta chicago dallas milan paris london munich madrid stockholm.\n shop-within-shops.\n brand recognition merchandising differentiate presentation.\n customized fixtures wall cases decorative items flooring.\n april 3 2010 14000-shops lauren-branded products worldwide.\nlarger shop-within-shops size 300 to 6000 square feet.\n share cost wholesale customers.\n.\n knit shirts pants.\n ship three-to-five days order receipt.\n 2010 179 full-price 171 factory stores 2. 6 million square feet 281 shop-within-shops two e-commerce websites.\n extension direct-to-consumer reach goal.\n reinforce luxury image exclusive lines.\n opened 3 closed 3 2010.\n assumed 16 stores"
}
{
    "_id": "dd4c4e3fa",
    "title": "",
    "text": "consolidated financial statements.\n accounting sop 03-1 effective fiscal years after december 15 2003.\n january 1 2004 cumulative effect sop 03-1 on net income impacts income tax benefit $ 12 may 2003 financial accounting standards board issued.\n financial instruments liabilities equity.\n.\n standards classifying liabilities instruments.\n.\n requires liability classification instruments obligation buy back issuer shares obligations settled in shares value from underlying instrument.\n related to issuer shares.\n mandatorily redeemable equity options requiring issuer buyback shares reported liabilities.\n.\n accounting freestanding financial instruments affect derivative.\n.\n effective instruments modified after may 31 2003 other instruments first interim reporting period after june 15 2003.\nstatement company 2019s financial condition results operations.\n january 2003 fasb issued interpretation.\n 46 201cconsolidation variable interest entities.\n required enterprise assess consolidation interests variable interest entity.\n equity investors controlling interest sufficient equity without support.\n initial determination enterprise involved.\n variable interest losses residual returns.\n 46 effective new vies january 31 2003.\n adoption 46 financial condition results no vies consolidation.\n december 2003 fasb issued revised version fin 46 201d ) modifications changes original version.\n replaced 46 effective end first reporting period after december 15 2003 end first reporting period after march 15 2004 other.\n early adoption permitted.\n company adopted fin 46r fourth quarter 2003.\nadoption fin 46r vies deconsolidation redeemable securities subsidiary trusts.\n company not primary beneficiary.\n own unrelated third parties.\n principal variable interests issued vies.\n no longer consolidated.\n sole assets junior subordinated debentures payment terms identical securities.\n separate liability consolidated balance sheets.\n december impact deconsolidation long debt trust preferred securities by $ 952 $ 1. 5 billion .\n note 14. adoption new accounting standards december 2004 fasb issued sfas.\n 123-based payment 201d.\n replaces.\n 123 stock-based compensation.\n supercedes apb opinion.\n 25.\n.\n recognize compensation costs share-based payments employees after june 15 2005.\n pro forma disclosures.\n alternative financial statement recognition.\n transition methods include prospective retrospective adoption options.\n.\n cumulative effect adoption\n establishing benefit reserves annuity contracts -54\n reclassifying accounts general\n cumulative effect adoption"
}
{
    "_id": "dd4bda84c",
    "title": "",
    "text": "-balance sheet securitizations company.\n qualify for sales assets remain on balance sheet.\n table presents carrying amounts classification consolidated assets liabilities transferred from consumer credit card student loan mortgage auto businesses secured borrowings 31.\n 2008 2007\n cash.\n available-for-sale securities.\n loans.\n loan losses.\n assets $ 7. $\n long-term debt $ 6.\n liabilities.\n liabilities $ 6.\n assets restricted from sold pledged as collateral.\n cash flows pay liabilities non-recourse to assets.\n citi-administered asset-backed commercial paper conduits active administrator multi paper conduits service provider.\n low-cost funding.\n purchase third-party investors.\n purchase assets originated company.\nfunding conduit facilitated by liquidity credit enhancements by company third parties.\n administrator responsible for assets decisions funding tenor commercial paper monitoring quality performance operations cash flows.\n company earns structuring fees administration fee equal to income liquidity fees after.\n administration fee stable risks rewards passed back to customers income costs fees stable.\n conduits invest in liquid securities rated third parties.\n assets privately negotiated structured.\n yield tied to commercial paper interest rate risk to client.\n asset structured with transaction-specific credit enhancement features over- collateralization cash excess spread collateral accounts direct recourse guarantees.\n credit rating or above risk.\n funding short- term commercial paper.\n average life commercial paper 37 days.\nconduits issued loss notes equity $ 80 million tenors six months to seven years.\n primary credit enhancement transaction-specific credit enhancement.\n two additional forms credit enhancement protect commercial paper investors from defaulting assets.\n subordinate loss notes absorb credit losses full amount.\n majority losses single investor primary beneficiary under 46.\n each conduit obtained letter of credit company 8-10% assets.\n total $ 5. 8 billion included maximum exposure to loss.\n defaulted assets losses allocated subordinate loss note holders company commercial paper investors provides liquidity agreements funding market disruption.\n each asset supported transaction-specific liquidity facility asset purchase agreement.\n non-defaulted receivables.\n subject increased pricing.\n credit support purchase defaulted assets credit risk.\n covers all assets 2019s maximum exposure to loss.\ncompany provides liquidity short-term lending commitments.\n lend disruption commercial paper market conditions.\n total exposure $ 11. 3 billion 2019s maximum exposure loss.\n receives fees fair market."
}
{
    "_id": "dd4b9e324",
    "title": "",
    "text": "subsidiaries receipt dividends repayments indebtedness compliance delaware laws contractual.\n dividend rate determined board quarterly current future developments income cash.\n dividends paid march june september december.\n paid quarterly less 30 days distribution.\n not cumulative declared dividends paid.\n 2018 2017 2016 paid $ 319 million $ 289 million $ 261 million cash dividends.\n per share cash dividends years december 31.\n.\n.\n june.\n.\n declared quarterly cash dividend $ 0. 455 per share payable march 1  2019 shareholders february 7  2019.\n equity forward transaction note 4 2014acquisitions divestitures sale agreements april 11 2018 settlement june 7 2018.\nregulatory restrictions issuance long-term debt equity securities by american water capital.\n subsidiary authorization state puc if no guarantee pledge.\n state puc authorization required long-term debt at subsidiaries.\n obtain approvals financing.\n pay dividends from retained earnings.\n significant loss dividends.\n pay dividends repay indebtedness subject to with regulatory restrictions financial obligations debt service dividends corporate tax laws regulations agreements covenants.\n stock based compensation granted stock options units dividend equivalents to non-employee directors officers key employees 2007 equity compensation plan.\n stock units vest based on continued employment to performance-based goals.\n total shares under 2007 plan is 15. 5 million.\n"
}
{
    "_id": "dd4be4e3c",
    "title": "",
    "text": "five-year cumulative return compares citigroup common stock s&p 500 financial index five 2009.\n $ 100 invested december 31 2004 citigroup stock&p 500 dividends reinvested.\n five-year return.\n 31 citigroup s&p 500 financial index\n 104. 106.\n 2006 124. 121. 126.\n 70. 127. 103.\n 18. 81. 47\n. 102. 55."
}
{
    "_id": "dd4bf1af6",
    "title": "",
    "text": ".\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n benefit plans funded status assets trusts.\n investments risk mitigation strategies tailored.\n allocation liabilities risk criteria.\n updates-term asset allocations studies.\n liability characteristics liquidity needs funding requirements rates return distribution.\n de-risking strategy american water pension plan volatility.\n revised allocations characteristics fixed income assets.\n"
}
{
    "_id": "dd4ba28b6",
    "title": "",
    "text": "capital resources past three years sufficient financial resources operating requirements fund capital spending share repurchases pension plans dividends.\n cash operating activities $ 1436 million $ 1310 million $ 1345 million 2011 2009.\n higher earnings increased cash 2011 reduced cash working capital $ 212 million sales growth.\n cash capital greater 2009 decline offset higher 2010 earnings.\n operating working capital total capital represents trade receivables inventories less trade creditors liabilities.\n note 3 201cworking capital detail 201d item 8 form 10-k.\n key.\n december 31 2011 2010 $ 2. 7 billion $ 2. 6 billion.\n percentage sales.\n. increase $ 195 million year december 31 2011.\n receivables 2011 sales inventory offset trade creditors liabilities.\nreceivables fourth quarter sales 2011 17. 9 percent down 18. 1 percent 2010.\n 66 2011 2010.\n 13. 1 percent.\n inventory turnover 5. 4. 6 times 2010.\n capital spending acquisitions $ 446 million $ 341 million $ 265 million 2011 2009.\n modernization expansion environmental control $ 390 million $ 307 million $ 239 million expected $ 450-$ 550 million 2012.\n spending sales 2. 6%. 3%. 0%. 2011 2009.\n acquisitions $ 56 million $ 34 million $ 26 million.\n cash 2012 mid-sized acquisitions.\n acquisitions colpisa dyrup.\n $ 193 million.\n dividends $ 355 million $ 360 million $ 353 million 2011.\nppg paid dividends since 1899 2011 40th year dividend.\n mandatory contribution.\n pension plans 2011 voluntary contributions $ 50 million.\n 2010 2009.\n $ 250 $ 360 million $ 100 million ppg stock.\n expect.\n 2012 $ 60 million.\n contributions.\n $ 71 million $ 87 million $ 90 million $ 20 million ppg stock 2011 2010 2009 local funding.\n mandatory contributions non.\n 2012 $ 90 million.\n share repurchase activity 2011 2010 2009. million shares $ 858 million. $ 586 million. 5 million $ 59 million.\n repurchases 2012 earnings growth.\n $ 250 million to $ 500 million repurchases 2012.\n repurchase 9 million shares authorization board directors.\n annual report.\n capital sales.\n liquidity capital resources past three years sufficient financial resources operating requirements capital spending share repurchases pension plans dividends.\n cash operating activities $ 1436 million $ 1310 million $ 1345 million 2011 2009.\n higher earnings increased cash reduced cash working capital $ 212 million sales growth.\n cash working capital greater 2009 2010 decline offset higher 2010 earnings.\n operating working capital total represents trade receivables inventories trade creditors liabilities.\n note 3 201cworking capital detail 201d item 8 form 10-k.\n.\n december 31 2011 2010 $ 2. 7 billion $ 2. 6 billion.\n percentage sales.\n $ 2739 $ 2595 sales. 5%. 2%. $ 195 million december 31.\n receivables sales inventory offset trade creditors liabilities.\nreceivables fourth quarter sales 2011 17. 9 percent down 18. 1 percent 2010.\n 66 2011 2010.\n 13. 1 percent.\n inventory turnover 5. 4. 6 times 2010.\n capital spending acquisitions $ 446 million $ 341 million $ 265 million 2011 2009.\n modernization expansion environmental control $ 390 million $ 307 million $ 239 million expected $ 450-$ 550 million 2012.\n spending sales 2. 6%. 3%. 0%. 2011 2009.\n acquisitions $ 56 million $ 34 million $ 26 million.\n cash 2012 mid-sized acquisitions.\n acquisitions colpisa dyrup.\n $ 193 million.\n dividends $ 355 million $ 360 million $ 353 million 2011.\npaid dividends since 1899 2011 40th.\n mandatory contribution.\n pension plans 2011 voluntary contributions $ 50 million.\n 2009.\n $ 250 $ 360 million $ 100 million ppg stock.\n expect.\n 2012 $ 60 million.\n contributions.\n $ 71 million $ 87 million $ 90 million $ 20 million ppg stock 2011 2009 local funding.\n mandatory contributions.\n 2012 $ 90 million.\n share repurchase activity 2011 2010 2009. million $ 858 million. 586 million. 5 $ 59 million.\n repurchases 2012 earnings growth.\n $ 250 million to $ 500 million repurchases 2012.\n repurchase 9 million shares authorization board.\n"
}
{
    "_id": "dd4c538a0",
    "title": "",
    "text": "contracts valued april 1 2002 gain $ 127 million net taxes accounting principle second quarter 2002.\n majority gain warrior run contract asset value deepwater contract less than $ 1 million.\n warrior run contract cash flow hedge sfas.\n 133 hedge accounting.\n valuations electricity gas price quotes market data.\n curves assumptions future gas.\n fluctuations value.\n volatility results.\n.\n commitments leases december 31 2002 obligated long-term non leases office rental site leases.\n rental expense $ 31 million 32 million $ 13 million 2002 2000 discontinued $ 6 million 2002 $ 16 million 2001 $ 6 million 2000.\n future minimum lease commitments.\n 2004\n 2005\n 2006\n 2007\n\n $ 169 14\n sale/leaseback 1999 subsidiary acquired six electric stations new york state electric gas.\n sold two plants $ million leasing.\n sale/leaseback.\n rental expense $ 54 million $ 58 million $ 54 million 2002 2001 2000.\n future minimum lease commitments subsidiary rent reserve account maximum semi-annual payment basic rent fixed charges three-year period.\n 31 2000 rent reserve"
}
{
    "_id": "dd497c06e",
    "title": "",
    "text": "apb.\n 25.\n companies account transactions fair-value method recognize expense share-based payments operations.\n sfas 123r effective january 1 2006.\n accounted share-based payments.\n value method.\n recognized compensation expense options.\n adopt provisions sfas 123r modified prospective method cost share-based payments recognized sfas 123r awards.\n tax benefits recognized share-based payments.\n tax expense recognized excess deferred tax assets tax deduction vested option less expense operations.\n equity-based compensation expense $ 35 million to $ 38 million december 31 2006.\n subject revisions.\n sfas 123r requires tax deductions compensation cost financing cash flow.\n future tax benefits future employee stock option exercises.\n no operating cash inflow december 31 2005 2004 excess tax deductions.\nmarch 2005 sec issued accounting bulletin.\n 107 interpretation sfas 123r.\n views interactions sfas 123r sec rules regulations valuation share-based payments public companies.\n guidance companies applying provisions sfas 123r investors financial analyzing information.\n guidance.\n 107 sfas 123r.\n 7. 50%. 50 %. 125%. 125 % tower cash flow reporting requirements.\n note 19 consolidated financial statements reporting requirements.\n table presents tower cash flow adjusted consolidated cash flow non-tower cash flow company restricted subsidiaries.\n tower cash flow three months december 31 2005 $ 139590\n consolidated cash flow twelve months $ 498266\n -524804 524804\n 558360\n adjusted consolidated cash flow $ 531822\n non-tower cash flow $ -30584"
}
{
    "_id": "dd4b89dc0",
    "title": "",
    "text": "positions capitalized.\n no positions twelve months.\n liquidity capital resources.\n fiscal years october 2010 2 2009 3 2008\n equivalents $ 364221 225104 241577\n operating activities 222962 182673\n investing -95329 -49528 -94959\n financing -38597 -30160 -104187\n equivalents end period 453257 364221 225104\n restricted cash balances cash flow activities non-cash items assets liabilities.\n 2010 generated $ 223. million cash flow increase $ 4. million. million 2009.\n net income increased $ 42. million $ 137. million.\n consistent.\n due 2010 income deferred tax expense $ 38. million. million tax valuation allowance.\n invested working capital higher business activity.\n accounts receivable inventory payable increased $ 60. million.42. 9 million.\n investing capital expenditures acquisitions.\n outflows $ 95. 3 million 2010 $ 49. 5 million.\n $ 49. 8 million capital expenditures.\n spending 2011.\n debt equity.\n outflows $ 38. 6 million $ 30. 2 million.\n retired $ 53. million. 2007 convertible notes $ 80. 7 million $ 29. 6 million premium equity.\n proceeds stock option exercises $ 40. 5 million 38. 7 million.\n"
}
{
    "_id": "dd4c17f9e",
    "title": "",
    "text": "2016 annual report.\n acquisition.\n 2015 acquired equity interests alabama technology payment processing financial services $ 10000.\n funded cash.\n expanded commercial lending.\n purchase price allocation assessment fair value acquired assets liabilities.\n.\n current assets $ 1922\n long-term assets 253\n intangible assets 5005\n liabilities assumed\n net assets 3901\n goodwill 6099\n assets acquired $ 10000\n growth potential synergies economies scale operations.\n banking systems services.\n not deductible income tax.\n intangible assets customer relationships $ 3402 $ 659 computer software other intangible assets $ 944.\n average amortization 15 5 20 years.\n cash $ 1725.\n fair value accounts receivable $ 178.\nreceivables $ 178 uncollectible.\n fiscal year 2016 company incurred $ 55 costs acquisition bayside business solutions.\n included fees legal valuation.\n administrative expenses.\n 2016 revenue $ 4273 after-tax net income $ 303.\n consolidated statements include revenues expenses acquisition.\n impact immaterial consolidated financial statements.\n 2014 acquired equity interests banno iowa web marketing services mobile for $ 27910 cash.\n acquisition funded operating cash.\n expanded presence online mobile technologies.\n fiscal year 2014 incurred $ 30 costs acquisition.\n included fees legal valuation.\n.\n revenue $ 6393 after-tax net loss $ 1289.\n 2015 revenue $ 4175 after-tax net loss $ 1784.\n revenue $ 848 after-tax net loss $ 1121.\nconsolidated statements twelve month june 30 2016 include revenues expenses acquisition.\n impact immaterial current statements pro information provided."
}
{
    "_id": "dd4bcbcf2",
    "title": "",
    "text": "6.\n financial data table represents.\n 7 8.\n reflects error corrections accounting policies 8.\n share 31 2012 2011 2010 2008\n sales service revenues $ 6708 $ 6575 6723 $ 6292 6189\n goodwill impairment 2014\n operating income loss 358 100 241 -2332\n net earnings loss 146 131 119 -2397 2397\n assets 6392  6069 5270 5097 4821\n long-term debt 1779 1830 283\n long-term obligations 4341 3838 1637 1708 1823\n free cash flow 170  331 -269\n dividends per share $. 2014\n earnings loss share $ 2. 96.\n earnings loss share $ 2. 91.\n earnings loss share $.96 $. 2. 68 $. 44 $. diluted earnings share. $. $. $. long-term debt former parent 31 2010 due current liabilities.\n free cash flow non-gaap cash less capital expenditures.\n liquidity capital resources item 7.\n march 30 2011 stock 48. 8 million shares $ 0. common stock distributed northrop grumman stockholders.\n basic diluted earnings share three months no common stock impact dilutive securities not meaningful."
}
{
    "_id": "dd4c5f894",
    "title": "",
    "text": "2.\n locations december 31 2007.\n facilities leased except 166000 square feet office alpharetta georgia.\n restructuring.\n alpharetta georgia\n arlington virginia\n jersey city\n charlotte north carolina\n menlo park california\n sandy utah\n toronto canada\n new york\n chicago illinois\n facilities used retail institutional segments.\n lease 27 e financial branches 2500 to 13000 square feet.\n leased facilities less 25000 square feet not listed.\n space adequate needs 2008.\n.\n june 2002 acquired marketxt holdings.\n entities tradescape securities momentum securities.\n disputes responsibility liabilities.\n 2004 marketxt complaint officers directors contingent payments damages $ 1. 5 billion.\napril 9 2004 company filed complaint southern new york against directors officers marketxt seeking relief damages fraud 2002 sale fraudulent financial statements momentum securities.\n marketxt bankruptcy filed adversary proceeding january 2005 seeking relief punitive damages chapter 11 bankruptcy proceedings marketxt holdings. filed adversary proceeding omar amanat chapter 7. october 2005 marketxt answered asserted counterclaims 2006 $ 326. 0 million claim company breached promise purchase acquired entities 1999-2000.\n april 2006 omar amanat asserted counterclaims.\n moved dismiss counterclaims marketxt.\n.\n ruling september 29 2006 court granted motion dismiss four bases fraud claims conversion demand punitive damages.\nbankruptcy court denied marketxt 2019s claims.\n october 26 2006 dismissed 2019s claim.\n december 18 2007"
}
{
    "_id": "dd4c2f16c",
    "title": "",
    "text": "table 20 pro forma transitional basel iii 1 capital ratio december 31.\n 2013\n 1 capital $ 28484\n regulatory capital adjustments\n basel iii limits -228\n income 39\n intangibles 381\n adjustments 210\n estimated basel iii transitional 1 capital 2014 $ 28886\n risk-weighted assets 272321\n basel iii capital ratio 10. 6%. %\n iii $ 28886. 6%. net adjustments income securities pension postretirement benefit plans.\n pnc utilizes iii capital ratios capital position institutions.\n impacted regulatory guidance analysis ratios advanced approaches validation regulatory approval pnc models.\naccess cost funding new business initiatives acquisitions expanded business activities pay dividends repurchase shares capital instruments deposit insurance costs regulatory oversight depend financial institution capital strength.\n information enhanced capital requirements impacts on pnc in item 1 business 2013 supervision regulation 1a risk factors note 22 regulatory matters notes consolidated financial statements 8.\n off-balance sheet arrangements variable interest entities activities unconsolidated entities 201coff-balance sheet arrangements. information sections 2022 commitments 2022 note 3 loan sale servicing activities variable interest entities 14 capital securities subsidiary trusts trust 24 commitments guarantees.\n pnc consolidates variable interest entities primary beneficiary.\n criteria decisions economic performance absorb losses receive benefits.\nsummary of vies consolidated financial statements december 2013 2012 note 3 consolidated financial statements item 8.\n trust reit subject to restrictions dividend payments $ 206 million junior subordinated debenture $ 200 million trust securities 2013 issued by pnc capital trust c subsidiary.\n default pnc payments default under pnc guarantee payment obligations pnc subject restrictions dividends exchange agreement pnc trust ii.\n note 14 capital securities subsidiary trusts perpetual trust securities financial statements 8 limitations on dividend payments securities pnc trust i.\n liquidity risk management item 7 first quarter 2013 redemption of reit preferred securities pnc iii redemptions.\n pnc financial services group.\n 2013 form 10-k"
}
{
    "_id": "dd496d44c",
    "title": "",
    "text": "risk insurance brokerage services.\n years december 31, 2009 2008 2007\n revenue $ 6305 $ 6197 $ 5918\n operating income 900 846 954\n margin 14. 3%. % 13. 7%. 1%.\n 2009 soft market 2007 retail brokerage line.\n business lines geographic areas.\n premium rates decrease commission revenues increased competition increased underwriting capacity.\n changes premiums impact insurance brokerage industry premiums.\n prices fell 2007 large middle-market accounts.\n 2008 slowed.\n reinsurance brokerage line pricing 2009 down.\n difficult conditions disruptions global economy credit risk deterioration financial markets.\n reduced demand retail operational results.\n capacity decrease insurer fails withdraws coverages.\n revenues profitability lines types insurance.\n brokerage services generated 83% consolidated revenues 2009.\n revenues generated through fees commissions insurance investment income funds.\n revenues vary policy renewals business services influenced interest rates.\n industry compete with insurance brokerage firms brokers agents writers.\n address specialized product development risk management needs commercial enterprises professional groups insurance companies governments healthcare providers non groups affinity products professional liability life disability personal lines reinsurance services investment banking products mergers acquisitions financial advisory capital raising contingent capital financing insurance-linked securitizations derivative applications underwriting actuarial loss prevention administrative services manage captive insurance companies.\n expanded merger benfield reinsurance.\n products integrated with 2009.\n sale.\n cananwill finance.\n agreements with third parties"
}
{
    "_id": "dd4bfa78c",
    "title": "",
    "text": "green realty corp.\n 2017 annual report.\n commitments contingencies legal proceedings partnership involved material litigation litigation.\n properties federal state local ordinances regulations environmental.\n environmental liability financial position operations cash flows.\n significant envi cost properties sold.\n exec utives expire december february.\n minimum cash-based compensation guaranteed bonus payments total $ 5. 4 2018.\n deferred compen- sation awards stock price valued $ 1. 6.\n may change stock price.\n-risk property rental value coverage flood earthquake terrorism excluding nuclear biological chemical radiological terrorism property insurance programs liability.\n separate property liability coverage purchased assets.\ncaptive insurance company belmont coverage for nbcr terrorist acts above trigger if belmont record loss.\n no assurance coverage reasonable cost.\n if losses uninsured exceed policy limits could lose capital properties future cash flows rehabilitation plan.\n no surcharges paid to pension plan as of december 2017.\n received contributions $ 257. 8 $ 249. 5 $ 221. 9.\n contributions less than. 0%. of total contributions.\n plan established under collective bargaining agreements between union realty advisory board labor.\n.\n provides benefits to participants building service industry.\n administered by board of trustees operates under identification number a013-2928869.\n receives contributions.\n fixed rate.\n 2015 received contributions from $ 1. 3.2 $.\n contributions health plan less than. 0%. contributions.\n contributions multi-employer plans years 2017 2016 2015 table.\n benefit plan 2017 2016 2015\n pension plan $ 3856 $ 3979 2732\n health plan 11426\n other plans 1463\n total contributions $ 16745 $ 17092 $ 17184\n 401 implemented/retirement plan employees.\n permits defer 15% annual compensation limitations.\n deferrals vested non-forfeitable 401.\n amended discretionary matching contributions.\n 2017 2016 2015 matching contribution 50% first 6% annual compensation.\n 2017 contribution $ 728782.\n 2016 2015 $ 566000 $ 550000."
}
{
    "_id": "dd4bfde14",
    "title": "",
    "text": "transfer agent registrar common stock computershare shareowner services llc 480 washington boulevard 29th floor jersey city new jersey 877 363-6398 unregistered securities.\n repurchase equity securities table purchases october 1 december 31 2014.\n purchased average price plans value.\n average price value\n october 1 - 31 5854930 $ 18. 93 $ 159819370\n november 1 - 30 $.\n december 1 - 31 826744 $ 19. 67 $ 143559758\n 6685940 $ 19. 02 6676156\n shares common stock $ 0. 10 per share withheld employee stock-based compensation plans tax withholding obligations vesting restricted shares.\nrepurchased 5413 october 4266 november 105 december 2014.\n average price per share quarter three-month period calculated tax withholding obligations paid shares stock repurchase program note 5 withheld acquired.\n february 2014 board authorized new repurchase program $ 300. 0 million common stock.\n february 13 2015 board approved new repurchase program $ 300. 0 million common stock.\n authorization addition 2014 repurchase program.\n no expiration date."
}
{
    "_id": "dd4988c1a",
    "title": "",
    "text": "tower corporation subsidiaries financial statements december 31 2005 federal state loss carryforwards future taxable income $ 2. 2 billion $ 2. 4 billion.\n utilized loss carryforwards expire.\n 2006 to 2010 $ 5248 469747\n 2011 to 2015\n 2016 2020\n 2021 2025\n $ 2157503 $ 2418012\n.\n valuation allowance. valuation allowance $ 422. 4 million $ 249. 5 million spectrasite loss.\n $ 237. 8 million allowance assumed.\n balance state deferred tax assets.\n remaining deferred tax assets federal operating loss carryforwards twenty-year.\n recover deferred tax asset federal income tax refund claims losses.\n 2003 filed income tax refund claims $ 380.million net operating losses prior 2003 company anticipated receiving $ 90. million.\n revised estimate federal income tax refund anticipates refund $ 65. million end 2006.\n no assurances specific amount timing refund.\n recoverability net deferred tax asset assessed stable state projections.\n decrease depreciation interest expense assets depreciated first years debt repayments reducing interest expense.\n recoverability not dependent on improvements operations asset sales non-routine transactions.\n management believes deferred asset realized.\n realization $ 1. 3 billion taxable income january 1 2006 to december 31 2025.\n income reduce net deferred tax asset income tax expense stockholders 2019 equity.\n company subject tax authorities.\n assesses additional assessments.\n"
}
{
    "_id": "dd4bb2f36",
    "title": "",
    "text": "future pension benefit payments ten years millions.\n 2009 14. 9\n 2010 15. 9\n 2011 16.\n 2012 19.\n 2013 21.\n 2014 2018 142.\n retirement healthcare acquired obligations acquisition.\n provides medical coverage former employees retirement.\n eligibility limited ten or more years service 55 or older december 31 1998 hired before 2005 after 55 years service.\n liabilities $ 1. 2 million $ 1. 3 million  acquisition december 31  2008.\n contribute 25 plans union-.\n acquired responsibility contributions.\n 22% ( 22 % ) current employees plans.\n provide retirement benefits service.\n.\n managed board trustees unions.\n not represented.\n financial information plans may underfunded.\npension protection act enacted august 2006 requires underfunded pension plans improve funding ratios underfunding.\n until trustees develop improvement determine assessments.\n impact financial position results operations cash flows.\n current law multi-employer benefit plans termination voluntary withdrawal mass withdrawal under-funded pension payments unfunded vested liabilities.\n possible mass withdrawal.\n adjustments financial condition results operations cash flows.\n pension expense multi-employer plans $ 21. 8 million  $ 18. 9 million $ 17. 3 million years december 31 2008 2007 2006.\n republic services.\n subsidiaries financial statements"
}
{
    "_id": "dd4bf84f0",
    "title": "",
    "text": "december 31 priceline s&p 500.\n priceline.&p\n 2010 100.\n 2011 117. 102.\n 155. 27 116. 118. 122.\n 290. 166. 156. 82 199.\n 285. 37 188. 178. 29 195.\n 319. 199. 180. 75 267."
}
{
    "_id": "dd4c58f4e",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries financial statements lending.\n commitments investment-grade non- investment-grade corporate borrowers.\n operating liquidity corporate purposes.\n extends contingent acquisition financing corporate commercial real estate financing.\n short-term.\n sumitomo mitsui financial group.\n provides credit loss protection loan commitments investment-grade.\n $ 27. 03 billion $ 27. 51 billion december 2015 2014.\n loss protection limited 95% first loss $ 950 million.\n protection 70% additional losses maximum $ 1. 13 billion $ 768 million 2014.\n uses financial instruments mitigate credit risks.\n credit default swaps underlying market index.\n warehouse financing.\n financial assets.\n secured assets consumer corporate loans.\nresale repurchase lending firm three business days.\n contingent financing.\n funding depends contractual conditions expire unused.\n letters banks securities cash collateral margin deposit requirements.\n investment $ 6. 05 billion $ 5. 16 billion private equity real estate assets funds.\n $ 2. 86 billion $ 2. 87 billion.\n funded market value date.\n obligations long-term lease agreements office space expiring through 2069.\n subject escalation real estate taxes charges.\n future minimum rental payments sublease rentals.\n.\n 317\n 2017 313\n 2018 301\n 2019 258\n 2020 226\n 2021\n 2575 rent operating expense $ 249 million 2015 $ 309 million 2014 $ 324 million 2013.\n leases include office space excess current requirements.\n rent expense growth. firm records liability remaining rentals reduced sublease rentals ceased space future benefits.\n costs terminate lease fair value termination.\n sachs 2015 form 10-k"
}
{
    "_id": "dd4c47190",
    "title": "",
    "text": "consolidated financial statements.\n collateralized agreements financings purchased borrowed.\n financings repurchase loaned secured.\n firm transactions facilitate client activities invest excess cash acquire securities finance firm activities.\n agreements financings net-by legal right setoff.\n interest recognized included 201cinterest income expense.\n note 23 interest income expense.\n table carrying value resale repurchase agreements securities borrowed loaned transactions.\n millions december 2012 2011\n purchased 141334 187789\n borrowed2 purchased resell 187789 borrowed.\n resale repurchase agreements carried fair value.\n note 8 valuation techniques fair value.\n.\n december 2012 2011 $ 38. 40 billion $ 47.62 billion securities borrowed $ 1. 56 billion $ 107 million loaned fair value.\n resale repurchase agreements resale firm purchases instruments cash resell price plus interest future date.\n repurchase firm sells instruments cash repurchase price plus interest future date.\n instruments include u. s.\n government federal agency investment-grade sovereign obligations.\n firm receives monitors market value delivers obtains additional collateral changes market value.\n requires collateral fair value equal carrying value assets consolidated statements financial.\n repurchase resale agreements transfer ownership accounted financing arrangements require maturity.\n 201crepos to maturity sales.\n firm transfers security repurchase maturity date matches underlying security.\nfirm repurchase obligation relinquished control security accounts sale.\n no repos maturity.\n sachs annual report"
}
{
    "_id": "dd4b9710a",
    "title": "",
    "text": "living first group.\n full lifestyle womenswear childrenswear accessories home furnishings american classics.\n available jcpenney.\n online jcp.\n wholesale sells products upscale mid-tier department stores specialty stores golf pro shops domestically internationally.\n brand unproductive doors-store assortment full-price sell-throughs.\n products sold 10806 doors worldwide invested $ 49 million shop-within-shops.\n price increases products introduced new fashion offerings higher.\n major wholesale customers north america.\n specialty shops.\n collection brands distributed premier fashion retailers.\n sell excess out- of-season products secondary distribution channels stores.\n distributed shop-within-shops premiere department stores.\n business polo ralph lauren blue label.\ndistribution men women 2019s label expanding stores.\n table doors geographic location products wholesale march 29 2008.\n united states canada 8611\n europe 2075\n japan\n 10806\n asia/pacific products distributed licensing partners.\n chains 10% worldwide wholesale net sales 2022 macy.\n. 24% dillard stores. 12%.\n brands sold sales forces.\n wholesale segment showrooms new york.\n regional showrooms atlanta chicago dallas los angeles milan paris london munich madrid stockholm."
}
{
    "_id": "dd4985fd8",
    "title": "",
    "text": "2022 financial safeguard package credit default swap contracts interest rate swap contracts.\n payment default firm apply assets payment obligation.\n include guaranty fund contributions performance bonds assets membership trading rights.\n demand payment guarantee parent company.\n payment default use corporate contributions financial safeguard package.\n guaranty fund contributions funds solvent firms satisfy deficit.\n maintain $ 5. 0 billion 364-day multi-currency line credit banks.\n option request increase line $ 5. to $ 7. billion.\n proceeds temporary liquidity firm default liquidity constraint default disruption payments systems.\n agreement pledge assets line credit custodian.\n firm guaranty fund deposits.\n treasury securities money market mutual funds.\n performance bond collateral defaulting firm secure draw line.\n364-day currency option use $ 1. 8 billion multi-currency credit facility liquidity clearing house default.\n performance bond deposits safeguard packages. 8 billion. billion cash bond deposits. 2 billion\n bond deposits default.\n assets december 31 2012 default firm contributions futures options.\n.\n.\n.\n.\n.\n.\n.\n. guaranty fund contributions\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n. assets default\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n. contributions firm default guaranty contributions bonds satisfy\n guaranty fund contributions excess.\nclearing firm default loss after assets working capital guaranty fund contributions assess non-defaulting members rules guaranty fund.\n minimum resources obligations defaulting firm liquidation performance bond collateral.\n millions\n corporate contributions futures options $ 100.\n guaranty fund contributions 2899.\n assessment powers 7973.\n assets default $ 10973.\n safeguard package credit default swap interest rate swap.\n payment default apply assets satisfy payment obligation.\n guaranty fund contributions performance bonds other assets trading rights.\n demand for payment guarantee parent company.\n default unsatisfied use corporate contributions financial safeguard package.\n guaranty fund contributions funds satisfy deficit.\n maintain $ 5. billion 364-day multi-currency line of credit banks.\noption request increase line $ 5. to $ 7. billion.\n proceeds temporary liquidity clearing firm default liquidity constraint default disruption payments.\n agreement pledge assets.\n firm guaranty fund deposits.\n securities money market mutual funds.\n performance bond collateral defaulting firm secure draw line.\n option use $ 1. 8 billion multi-currency revolving credit facility liquidity clearing default.\n performance bond deposits packages $ 86. 8 billion $ 5. 6 billion cash bond deposits $ 4. 2 billion letters credit.\n default.\n available assets december 31 2012 payment default firm contributions futures.\n.\n.\n.\n.\n.\n.\n.\n. guaranty fund\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.assets default.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n. clearing designates $ 100. million corporate contributions satisfy firm default guaranty contributions performance bonds satisfy deficit.\n guaranty fund contributions excess deposits.\n default loss after fund contributions assess non-defaulting members rules.\n minimum resources satisfy obligations not defaulting firm liquidation performance bond collateral."
}
{
    "_id": "dd4bd8b64",
    "title": "",
    "text": "recorded other-than-temporary impairment $ 1. 15 billion 2009 compared $ 122 million 2008.\n $ 227 million credit recognized consolidated statement income.\n remaining $ 928 million other credit recognized taxes.\n $ 227 million 151 million credit losses $ 54 million impaired securities $ 22 million adverse changes future cash flows.\n majority impairment losses non-agency securities collateralized mortgages losses.\n asset-backed securities.\n management reviews values other-than-temporary impairment.\n current future interest rates cost basis fair value issuer- specific concerns.\n gains losses years december 31.\n 2009 2008 2007\n gains securities $ 418 $ $ 24\n losses -50 -32\nlosses other-than-temporary impairment -1155 ( 1155 ) -122 ( 122 ) -34 ( 34 )\n losses not related credit 2014\n impairment losses -227 ( 227 ) -122 ( 122 ) -34 ( 34 )\n gains losses related investment securities $ 141 $ -54 ( 54 ) $ -27 ( 27 )\n losses component oci.\n reviews security impaired.\n impairment current fair value below amortized cost.\n impairment recorded securities before cash less than amortized cost impaired credit loss.\n review impaired securities includes identification evaluation impairment analysis future cash flows collectability impaired securities unrealized loss anticipated recovery period discussion evidential matter documentation results.\nfactors impairment 2022 length security impaired"
}
{
    "_id": "dd4bbd6ac",
    "title": "",
    "text": "7a.\n disclosures market risk millions exposed to market risks interest rates foreign currency balance sheet items.\n use derivative instruments manage risks.\n derivative instruments risk management tools not trading speculative.\n exposure risk fair market value cash flows debt obligations.\n majority debt 89% 89 % 93% 93 % ) december 31 2013 2012 bears interest fixed rates.\n debt variable interest rates 10% increase decrease not material interest expense cash flows.\n fair market value debt sensitive changes interest rates impact 10% change interest summarized.\n.\n 2013.\n.\n used interest rate swaps risk management.\n rate swaps outstanding december 31  2013.\n $ 1642. 1 cash equivalents marketable securities 31 conservative short-term bank deposits securities.\ninterest income investments subject to domestic foreign interest rate movements.\n 2013 2012 income $ 24. 7 $ 29. 5.\n 100-basis-point increase interest rates income $ 16. cash equivalents securities impacted balances constant.\n translation transaction risks.\n.\n changes exchange rates affect revenues expenses.\n.\n primary currencies australian dollar brazilian real euro japanese yen south african rand.\n.\n dollar 10% operating income 3% 3 4% ( 4 % all currencies international revenue expenses constant 2013.\n operations local currency.\n assets liabilities translated at exchange rates expenses average exchange rates.\n translation adjustments recorded loss.\n foreign subsidiaries collect revenues pay expenses in functional currency.\n subsidiaries transactions.\n assets liabilities susceptible to until final.\ncurrency transaction gains losses included in office expenses.\n not entered foreign currency exchange contracts instruments hedge."
}
{
    "_id": "dd4b973b2",
    "title": "",
    "text": "price performance graph shows return common stock 500 index retail index.\n assumes value investment common stock $ 100 january 3 2009 dividends reinvested.\n historical data not future performance.\n return advance auto parts. s&p 500 retail index january 3.\n 2009 2010 2011 2012 2013\n advance auto parts $ 100. 119. 195. 206. 213. $ 327.\n s&p 500 index. 119. 134. 150. 197.\n s&p retail index. 141. 174. 179. 219."
}
{
    "_id": "dd4bc8ebc",
    "title": "",
    "text": "performance graph five year returns teleflex common stock 500 stock index healthcare equipment supply index.\n changes $ 100 invested teleflex 31 2010 dividends reinvested.\n market performance.\n 2010 2014 2015\n teleflex 117 138 185  229 266\n s&p 500 index 102 118 157 178\n s&p 500 healthcare equipment supply index 116 148 187\n"
}
{
    "_id": "dd4c34c0c",
    "title": "",
    "text": "tax reconciliation uncertain tax positions millions.\n balance january 1 $ 191 $ 164\n additions 31\n additions 53\n reductions -18 -6\n settlements -32\n business combinations\n statute limitations -5\n foreign currency translation -2\n balance december 31 $ 218 $ 191\n liability uncertain tax positions 2013 includes $ 180 million $ 154 million $ 141 million tax rate.\n unrecognized tax benefits change twelve months.\n settlements audits.\n.\n recognizes interest penalties uncertain tax positions.\n accrued interest penalties $ 2 million $ 4 million 2 million 2015 2014 2013.\n liability penalties $ 33 million $ 31 million $ 27 million december 31.\n subsidiaries income tax returns jurisdictions.\n concluded.\n federal income tax 2007.\n.\n state local examinations concluded 2005.\n company concluded examinations.\n jurisdictions 2005.\n.\n shareholders' equity distributable reserves.\n.\n law reserves repurchases dividends.\n earnings.\n parent company reduction share capital.\n not linked.\n.\n 2014 distributable reserves $ 2. billion $ 4. billion.\n 2012 authorized repurchase program $ 5. billion.\n 2014 $ 5. billion repurchase program.\n open market privately negotiated transactions.\n 2015 repurchased 16. million shares average price per share $ 97. total cost $ 1. 6 billion.\n repurchased 25. million shares $ 87. cost $ 2. 3 billion 2012 repurchase plan.\n$ 5 billion 2012 exhausted.\n 2014 $ 4. 1 billion.\n repurchased 78. 1 million shares $ 5. 9 billion."
}
{
    "_id": "dd4ba0eee",
    "title": "",
    "text": "subject ietu recorded tax expense $ 20 million 2007 deferred tax new ietu system.\n federal net operating loss carryforwards $ 206 million 2023.\n $ 47 million pre-acquisition period subject.\n remaining $ 159 million stock ownership 2006.\n net loss carryforwards.\n foreign net loss carryforwards $ 564 million canada germany mexico jurisdictions.\n canada 2007.\n germany no.\n mexico ten year 2009.\n not available new ietu tax regulations mexico.\n no deferred tax asset balance sheet.\n adopted provisions fin 48 january 1 2007.\n minimum recognition threshold.\n derecognition measurement classification interest penalties disclosure transition.\n increased earnings $ 14 million decreased goodwill $ 2 million.\ntax liabilities unrecognized benefits reclassified to long-term.\n 31 2007 foreign jurisdictions.\n reconciliation year ended december 31 2007 $ millions.\n balance january 1 2007 193\n increases tax positions current year 2\n increases prior years 28\n decreases\n settlements -2 2\n balance december 31 2007\n unrecognized tax benefits million $ 56 million effective tax rate.\n recognizes interest penalties benefits.\n liability $ 36 million for interest penalties.\n increase $ 13 million 2007.\n operates in united states germany 40 foreign jurisdictions mexico.\n examinations ongoing germany 2001 to 2004.\n assessments 2000.\n reduction goodwill $ 42 million net cash outlay $ 29 million.\ncelanese corporation subsidiaries financial statements 2014 y48011 122000000/26/2008 22:07 valid graphics"
}
{
    "_id": "dd4c60c58",
    "title": "",
    "text": "asset amortization expense $ 12 million 4 million $ 4 million 2018 2017 2016.\n estimated next five years.\n 2020\n 2021\n 2022\n 2023\n shareholders dividend reinvestment purchase plan reinvest dividends purchase common stock commission fees.\n shares purchased newly issued treasury market privately negotiated transactions.\n purchases credited drip accounts week.\n december 31 2018. million shares future issuance.\n stock repurchase program 2015 authorized 10 million shares common stock unrestricted.\n repurchased. million. 7 million open market cost $ 45 million $ 54 million years 2018 2017.\n. million shares common stock purchase."
}
{
    "_id": "dd4bd2cd2",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014 restructuring basis assets spin-off radio systems.\n december 31 2006 federal state loss carryforwards future taxable income $ 2. 1 billion $ 2. 5 billion.\n loss carryforwards expire.\n december\n 2007 2011\n 2012 2016\n 2017 2021\n 2022 2026\n 2093683 2548612\n.\n valuation allowance deferred tax assets. december 31 2006 valuation allowance $ 308. 2 million $ 153. 6 million spectrasite net operating loss capital loss carryforwards.\n balance state deferred tax assets.\n allowance remaining deferred tax assets federal net operating loss carryforwards twenty-year tax period.\n valuation allowances deferred tax assets realizable.\n.3 million spectrasite valuation allowances december 31 2006 goodwill deferred tax assets utilized.\n company recover deferred tax asset federal income tax refund claims net operating losses.\n filed claims $ 380. million operating losses anticipated $ 90. million.\n revised estimate december 31 2005 anticipates refund $ 65. million plus interest.\n expects settlement first half 2007 no assurances timing refund.\n uncertainty recognized amounts interest.\n recoverability net deferred tax asset assessed stable state projections.\n decrease depreciation later years years.\n recoverability not dependent improvements operations asset sales non-routine transactions.\n believes net deferred tax asset realized.\n $ 1. 4 billion taxable income january 1 2007 to december 31 2026.\ncompany unable generate taxable income carry losses"
}
{
    "_id": "dd4b87e12",
    "title": "",
    "text": "adobe inc.\n financial statements goodwill purchased intangibles long-lived assets assigned to reporting segments acquisition.\n review goodwill for impairment annually second quarter fiscal year fair value below carrying amount.\n qualitative assessment macroeconomic conditions industry market considerations cost factors financial performance management strategy customers assets stock price.\n fair values segments greater than carrying amounts quantitative goodwill impairment test not performed.\n evaluate goodwill fair value to carrying value.\n equal weighting market approach income approach future cash flows.\n revenue operating costs.\n completed annual goodwill impairment test second quarter fiscal 2018.\n determined likely fair value exceeds carrying amounts.\n no indication of impairment quantitative goodwill impairment test not performed.\nevents annual goodwill impairment test fiscal year.\n amortize intangible assets over estimated lives review for impairment.\n monitor events-lived.\n assess recoverability future cash flows.\n less than carrying amount recognize impairment loss excess carrying amount over fair value.\n intangible asset impairment charges in 2018 2017 2016.\n assets amortized over estimated useful lives 1 to 14 years.\n amortization based economic benefits.\n weighted average useful lives assets.\n purchased technology\n customer contracts relationships\n trademarks\n rights\n backlog\n intangibles\n asset liability method.\n income tax expense recognized current.\n deferred tax assets liabilities recognized for future tax consequences differences financial reporting tax operating losses tax credit carryforwards.\nrecord reduce deferred tax assets realization."
}
{
    "_id": "dd4c34acc",
    "title": "",
    "text": ".\n 2 0 1 1 table future obligations in a0millions operating leases cash purchase commitments at december 31  2011.\n commitments include amounts goods services cancelable termination fees.\n fund from future cash flows.\n include operating expenses capital expenditures 2012 future years.\n excludes $ 4. 7 a0million uncertain tax positions note 9.\n 2012 2013-14 2015-16\n noncancelable operating leases $ 185  $ 31  $ 63  $ 57  $ 34\n other purchase commitments 160  112\n $ 345  $ 143  $ 101 $ 67\n outstanding commitments fund additional contributions investment partnerships existing investment $ 42. 5 at december 31  2011.\n financial statements accounting methods policies.\nestimates judgments selecting applying methods policies assets liabilities balance sheet revenues expenses statement income accounting policies notes consolidated financial statements.\n analysis events facts circumstances.\n actual future results differ from estimates consolidated financial statements accounting policies notes.\n present accounting policies 2011 annual report.\n policies critical preparation financial statements.\n temporary impairments available-for-sale securities.\n classify investment holdings sponsored mutual funds debt securities available-for-sale.\n mark carrying amount fair value recognize unrealized gain loss income statement stockholders equity.\n review each security position unrealized loss.\n factors duration severity impairment changes value intent ability hold security recovery value.\n mutual fund holding unrealized loss persisted daily six months between quarter-ends temporary impairment.\nrecognize temporary loss less than six months in statement income if circumstances investment warrant near-term recovery.\n impaired debt security savings bank subsidiary temporary loss if credit quality amortized cost or sell security before recovering cost.\n minor impairments 5% or less temporary.\n equity method investments.\n evaluate investments including uti for impairment when carrying value exceeds fair value decline temporary.\n.\n report operations investment advisory business.\n.\n attribute goodwill single reportable business segment.\n evaluate carrying amount goodwill for impairment fair value.\n goodwill impaired carrying amount exceeds fair value business.\n fair value exceeds carrying amount no impairment exists.\n additional work ascertain non-cash impairment charge.\n perform impairment testing if impairment incurred.\nmaximum future impairment goodwill recognized in balance sheet $ 665. 7.\n stock options.\n recognize stock option-based compensation expense in consolidated statement income fair value method.\n shorter-term market-traded stock option grants.\n option-pricing model includes variables future expectations expected lives options grant to exercise volatility common shares rate dividends.\n estimates not adjusted.\n resulting charge to earnings non-cash charge measured cash.\n provision for income taxes.\n largest annual expense.\n operate in numerous states countries allocate income expenses earnings under laws regulations.\n total estimate liability.\n file tax returns each jurisdiction settle return liabilities.\n jurisdiction returns income expense allocations earnings determinations.\n provide for estimated liabilities uncertain tax return filing positions.\ndetermination annual provision subject to judgments estimates likely results vary financial statements.\n recognize additions reductions income tax expense reporting period prior period provisions liabilities revised tax returns audits settled.\n recognize prior period adjustment quarterly period.\n 2011 fasb issued amended guidance fair value.\n believe adoption guidance january 1  2012 effect consolidated financial statements.\n considered other issued accounting guidance.\n believe guidance effect financial position results."
}
{
    "_id": "dd4bdc4da",
    "title": "",
    "text": "financial instruments company 2019s instruments include cash equivalents securities accounts receivable investments payable borrowings derivative contracts.\n values-term borrowings long-term debt values.\n securities investments derivative instruments recorded fair values.\n long-term debt third-party quotes fair values level 2.\n carrying amounts values.\n december 31 2012\n long-term debt portion $ 4916 $ 5363 $ 4484 $ 5002\n fair values.\n impacted fixed-to-floating interest rate swaps hedges fixed rate eurobond securities hedging instruments.\n fixed-rate bonds premium december 31 2012 2011 low interest rates credit spreads."
}
{
    "_id": "dd4bfd414",
    "title": "",
    "text": "cash flow 2013 $ 6. 2 billion reduced $ 3. billion investing 37% 37 % increase dividends free cash flow $ 1. 4 billion.\n operating activities receivables securitization facility less investing dividends.\n not financial measure accounting principles.\n not defined.\n cash flow important financial performance financings.\n.\n table reconciles free cash flow non millions 2012 2011 2010.\n operating activities $ 6161 $ 5873 $ 4105\n receivables securitization facility\n receivables\n investing activities -3633 3633 -2488 2488\n dividends paid -1146 -837\n free cash flow $ 1382 $ 1917 1415\neffective january 1 2010 new accounting standard receivables securitization facility secured borrowings financing activities.\n securitization facility included cash flow calculation.\n 2013 outlook safety safe railroad benefits employees customers shareholders communities.\n multi approach safety technology risk assessment quality control training engagement capital investments.\n total safety culture practices.\n derailment prevention reduction crossing incidents.\n increase defect detection crossings educate crossing safety programs industry programs community activities.\n six initiatives improve safety service productivity.\n contributions reducing variability improvements standard work.\n agility disruptions.\n railroad capital investments capacity infrastructure failure.\n fuel prices uncertainty projections fuel prices.\n volatile fuel prices sensitive global.\n demand refining capacity geopolitical events weather conditions.\nreduce impact fuel price earnings cost recovery fuel surcharge programs fuel conservation.\n capital plan 2013 $ 3. 6 billion positive train control revised laws returns.\n liquidity capital resources 2013 plan."
}
{
    "_id": "dd4bfb628",
    "title": "",
    "text": "long-term debt carrying amounts company financial instruments measured fair value short-term.\n asset retirement obligations records asset retirement obligations liabilities asbestos removal decommissioning contractual lease restoration obligations.\n changes asset retirement obligation amounts 2011 2010 2009.\n january 1 2009\n expense\n payment\n december 31 2009\n future retirement\n december 31 2010\n december 31 2011\n conditional asset retirement obligations assets asbestos remediation decommissioning not estimable december 31 2011 2010 insufficient information timing settlement.\n fair value not recorded consolidated financial statements.\n environmental remediation asset decommissioning required.\n conditional environmental asset retirement obligations discovered.\ntaxes expense financial statements before spin-off returns after positions.\n expense based on prevailing rates.\n federal taxes state income tax rate.\n state local franchise tax provisions allocable contracts included administrative expenses.\n deferred income taxes recorded revenues expenses different periods.\n deferred tax balances calculated using current tax laws rates.\n realizability tax assets need valuation allowances evaluated-alone tax attributes $ 18 million valuation allowance necessary december 31 , 2011.\n no allowance december 31 , 2010.\n uncertain tax positions-likely threshold recognized in financial statements.\n tax benefit greater than 50% upon settlement.\n threshold penalties expense penalty.\n penalties recognized income tax expense.\n accrued interest related uncertain tax positions.\ntiming accrued interest determined tax law underpayment.\n.\n changes accruals uncertainties recorded earnings."
}
{
    "_id": "dd4b9aab2",
    "title": "",
    "text": "$ 66 million net-of-tax customer credits entergy louisiana settlement combination.\n note 2 financial statements.\n sale 583 mw rhode island state energy center gain $ 154 million $ 100 million net-of-tax $ 77 million 47 million-tax write-off regulatory charges waterford 3 replacement steam generator project.\n note 14.\n.\n 2016 2015.\n.\n 2015 net revenue $ 5829\n retail electric price\n credits\n volume\n act 55 financing savings obligation\n 2016 net revenue $ 6179\n increase base rates entergy arkansas.\n new rates effective february 24 2016 cycle april 2016.\n interim base rate adjustment surcharge incremental revenue requirement february 24 march 31.\nincrease power block 2 union 2022 power capacity acquisition cost recovery entergy new orleans approved 2016 power block 1 2022 formula rate plan revenues entergy louisiana first-year revenue power blocks 3 4 2022 increase entergy mississippi approved july 2016 storm damage rider.\n note 2 financial statements rate.\n note 14 union power station purchase.\n louisiana business combination credits variance regulatory liability $ 107 million entergy 2015 gulf states louisiana.\n customers realize credits regulatory liability $ 107 million $ 66 million net-tax.\n corporation subsidiaries management"
}
{
    "_id": "dd4c009b6",
    "title": "",
    "text": "common stock issued treasury outstanding thousands.\n issued treasury outstanding\n balance december 29 2013 376832\n stock options awards 178\n december 28 377010\n warrants 20480\n common stock sponsors 221666\n acquisition kraft foods group. 592898\n stock options awards -413\n balance january 3 2016 1214392\n stock options awards\n balance december 31 2016 1218947\n.\n receivable securitization factoring programs.\n transfers receivables consolidated balance sheet.\n december 31 significant program.\n securitization program amended may 2016 entered october 2015.\n cash $ 800 million $ 500 million february 21 2017 remainder purchase price.\n bankruptcy- remote special-purpose entity.\nspe wholly-owned by subsidiary kraft heinz receivables assets from subsidiary transfer bank.\n separate entity creditors liquidation spe assets.\n.\n program expires may 2017.\n.\n receivable factoring programs australian new zealand dollars british euros japanese yen.\n cash consideration receivable deferred purchase price.\n no deferred purchase price japanese yen.\n cash consideration limit $ 245 million.\n december 31  2016.\n programs renews annually until terminated.\n cash receivables removed $ 904 million at december 31 2016 $ 267 million at january 3  2016.\n fair value deferred purchase price $ 129 million december 31 $ 583 million january 3 2016.\n included in receivables.\n proceeds from recognized operating activities.\nact servicer recorded assets liabilities december january 3 not material financial statements."
}
{
    "_id": "dd49869a6",
    "title": "",
    "text": "table increases aap stores past five years.\n 2012 2011 2010 2009 2008\n beginning stores 3460  3369  3264  3243  3153\n new stores 1 116  95  110  75  109\n closed 2014  -4 4 -5 5 -54 54 )\n ending stores 3576  3460 3369 3264 3243\n relocations renovations.\n.\n systems point of sale electronic parts catalog store-level inventory management system.\n pricing marketing merchandising strategies replenish inventory.\n parts selection ordering year make model engine.\n real-time inventory tracking adjust stock levels process returns defective merchandise cycle counts merchandise transfers.\n part ordered.\nparts accessories ordered electronically from store vendor confirmation of price availability estimated delivery time.\n centrally-based epc data management system time exchange data catalog deliver parts information.\n store operations with proprietary systems labor scheduling.\n provide real-time information improved customer service productivity in-stock availability.\n new epc in fiscal 2013 customer experience.\n efficient add-on sales repair.\n store support center merchandising.\n by teams roanoke.\n roanoke for parts minnesota for accessories oil chemicals.\n global sourcing.\n fiscal 2012 purchased from 450 vendors no single vendor for more than 9% purchases.\n purchasing strategy agreements with vendors payment.\n team developed strong vendor relationships category management process product offerings customer demand.\nprocess business plan global sourcing sales gross margin inventory productivity."
}
{
    "_id": "dd498628a",
    "title": "",
    "text": "changes regulatory capital basel iii standards.\n 2014 securities pension post-retirement plans regulatory capital affect capital ratios.\n supervision regulation section item 1 2013 business capital balance sheet review 7.\n duration investment securities 2. 9 years december 31 2013.\n duration 3. years 50 increase 2. 8 years decrease.\n comparable amounts 2012 2. 3. years.\n quarterly security-level impairment assessment securities.\n unrealized loss.\n securities recognize credit earnings noncredit unrealized gains losses.\n 2013 2012 recognized credit losses $ 16 million $ 111 million.\n residential mortgage-backed asset-backed securities collateralized non residential loans.\n housing economic conditions deteriorate market volatility illiquidity interest rates credit spreads widen valuation investment securities portfolio credit losses income.\ninvestment securities note 8 9 consolidated financial statements.\n loans sale table 15 millions.\n commercial mortgages fair value 586 772\n 1392\n mortgages cost\n 2255 3693\n mortgages stopped originating.\n december 31 2013 balance $ 586 million 772 million 2012.\n mortgages lower cost sold $ 2. 8 billion 2013. 2012.\n government agencies.\n gains $ 79 million recognized 41 million.\n residential mortgage loan origination volume $ 15. 1 billion 2013.\n loans originated federal housing administration standards.\n sold $ 14. 7 billion recognized gains $ million 2013.\n comparable 2012 $ 13. billion $ 747 million.\n interest income loans $ 157 million 2013 $ 168 million 2012.\n consolidated income statement.\nloan sale servicing activities 3 variable interest entities 9 financial statements 8.\n assets $ 11. 3 billion 2013 $ 10. 9 billion 2012.\n increase $. 4 billion mortgage loan servicing rights.\n note 10.\n pnc financial services group.\n 2013 form 10-k"
}
{
    "_id": "dd4c4643e",
    "title": "",
    "text": "tower corporation subsidiaries financial statements 2014 estimate impact changes tax positions.\n reconciliation unrecognized tax benefits 2007.\n balance january 1 2007 $ 183953\n additions tax positions 2598\n additions prior 5412\n reductions -120016\n cash advance settlement\n settlements -5372\n reductions statute limitations -669\n balance december 31 2007 $ 59224\n recorded penalties tax interest income $ 2. 5 million tax refunds $ 1. 5 million.\n unrecognized tax benefits $ 29. 6 million $ 34. 3 million.\n accrued interest penalties $ 30. million $ 33. 2 million.\n quarter tax amnesty program mexican tax authority.\n requirements tax benefits.\n confirmed february 5 2008.\n reduction tax benefits $ 5.penalties interest $ 12. million 2002 reduced income tax expense.\n paid $ 6. million mexican tax authority settlement uncertain tax positions 2003 2004.\n review timing settlement.\n 2007 statute limitations tax benefits lapsed $ 0. 7 million decrease liability tax reduced income tax provision.\n files consolidated tax returns.\n federal state foreign returns mexico brazil.\n tax years open three years loss carryforwards.\n completed.\n federal income tax examinations 2002.\n undergoing.\n 2004 2005.\n subject examinations.\n jurisdictions under examination brazil 2001 2006 mexico 2002.\n.\n valuation allowance deferred tax assets. provided valuation allowance $ 88. million"
}
{
    "_id": "dd4bbc41e",
    "title": "",
    "text": "valuation 2013 cash equivalents short-term instruments valued at cost fair value.\n.\n equity level 1 traded active exchanges valued closing prices last trading day.\n.\n not trustee obtains quotes pricing vendor broker investment manager.\n categorized level 2 quotes 3.\n equity funds public investment valued net asset value.\n total value divided by shares outstanding.\n level 1 traded exchange 2 corroborated market data.\n fixed income securities level 2 valued market data.\n bids quoted prices.\n private equity funds real estate funds hedge funds fixed income securities level 3 valued models unobservable inputs.\n general partners hedge funds valued independent administrators.\nuse income market approaches.\n market transactions income uses future cash flows adjusted for liquidity risk.\n commodities level 1 traded active commodity exchange valued closing prices last trading day.\n level 2 represent shares commodity fund corroborated by market data.\n funding requirements defined benefit pension plans revenue code rules.\n 2012 contributions $ 3. 6 billion.\n plan $ 1. 5 billion 2013.\n $ 235 million retiree medical life insurance.\n no required contributions 2013.\n estimated future benefit payments service december 31 2012.\n defined benefit pension plans 1900 1970 2050 2130 2220 12880\n retiree medical life insurance plans\n 401 ( k ) employees.\n match 2019 eligible contributions rates plan.\ncontributions 380 million 2012 378 2011 common stock.\n plans 48. 6 million 52. 1 million shares stock."
}
{
    "_id": "dd4c58b02",
    "title": "",
    "text": "management jpmorgan chase. annual report wholesale credit portfolio exposure increased $ 70. billion 2011 $ 52. 1 billion lending commitments $ 30. billion loans client activity.\n increase loans growth cb.\n offset $ 17. billion decrease derivative receivables decline.\n dollar tightening credit spreads reductions interest rate credit derivative foreign exchange balances.\n credit portfolio exposure nonperforming.\n loans retained $ 306222 278395\n loans held-for-sale 4406\n fair value\n 313183\n derivative receivables 74983\n wholesale credit-related assets 411814 392954\n lending commitments 434814\n wholesale credit exposure $ 846628 775693\nportfolio management derivatives -27447 27447\n liquid securities cash collateral -13658 -21807 (\n receivables 23648 17461 2014 credit assets 411814 392954 1784 2878 lending commitments 434814 382739 355 865 credit exposure $ 846628 775693 derivatives 27447 26240 liquid securities cash collateral 13658 21807 margin loans brokerage customers accrued interest receivable balance.\n net protection purchased credit derivatives qualify hedge accounting.\n.\n excludes credit portfolio.\n derivatives pages 158 2013159 note 6 218 2013227.\n excludes assets acquired loan.\n amounts defaulted derivatives first quarter 2012 defaulted nonperforming."
}
{
    "_id": "dd4c5ec82",
    "title": "",
    "text": "consolidated financial statements loss net tax.\n millions december 31 2007 2006 2005\n derivative gains $ 24 15\n unrealized investment gains 76 73\n foreign exchange translation 284 118 -119\n plans -1110 -1077\n loss $ -726 -1155\n"
}
{
    "_id": "dd4bde83e",
    "title": "",
    "text": "27 100 liquidity long-term debt rental payments leases purchase obligations commitments december 31 2010 table.\n payments 1-3 3-5\n long-term debt capital leases $ 2750. 34. 188. 367. 2160.\n interest payments long-term debt 1267. 160. 316. 304. 486.\n operating leases 93. 31. 37.\n purchase obligations 6586. 2709. 3779. 98. 2212\n contractual obligations $ 10697. 2935. 4321. 785. 2655.\n 10697. 4321. amounts local currencies translated year-end 2010 exchange rates.\n variable rate facilities based interest rates hedging instruments.\n purchase obligations aluminum steel materials.\n natural gas electricity aerospace technologies contracts.\nvariable prices management estimates.\n early termination penalties payments vary.\n $ 60. 1 million uncertain tax positions.\n contributions benefit pension plans $ 30 million 2011.\n change pension protection act asset performance.\n benefit payments $ 71. 4 million $ 74. $ 77. 1 million $ 80. 3 million $ 84. 9 million 2011 2015 $ 483. 1 million 2016 2020.\n payments unfunded german plans $ 21. 8 million. $ 23. 2 million. 2011 2015 total $ 102. 7 million. 2016 2020.\n.\n return asset assumption 8. discount rate. 55 percent.\n pension expense 2011 flat.\n reduction return pension $ 2. 9 million increase global pension expense reduction discount rate $ 3. 5 million additional pension expense.\n information note 14.\ndividends 20 cents share.\n $ 35. 8 million 37. 4 million.\n dividends 7 cents share.\n $ 506. 7 million 2010 5. 1 million 2009 299. 6 million 2008.\n acquired 2775408 shares $ 88. 8 million.\n accelerated repurchase $ 125. million shares.\n $ 125. million february received 4323598 shares 90 percent.\n settled may 20 2010 398206 shares.\n repurchases 2008 $ 31 million settlement january 7 2007 repurchase 1350000 shares.\n repurchased $ 143. 3 million."
}
{
    "_id": "dd4bcb00e",
    "title": "",
    "text": "cash equivalents include investments maturity three months less.\n accounts receivable carried invoiced amounts bear interest.\n company estimates balance write-off collection trend rates.\n receivables circumstances conditions uncollectible.\n balances written off against allowance.\n includes expected return products credits $ 15 million $ 14 million $ 15 million december 31 2017 2016 2015.\n returns credit activity recorded sales.\n table summarizes activity allowance doubtful accounts.\n millions 2016 2015\n beginning balance $ 67. 6 $ 75. 77\n debt expense.\n write-offs.\n.\n ending balance $ 71. 5 $ 67. 6 $ 75.\n amounts currency translations allowance returns credits.\n inventory valued lower cost net realizable value.\n.\n inventory costs determined last-in first-out.\n 39% 40% 40 % consolidated inventories december 2017 2016.\n costs determined average first-in methods.\n replacement.\n.\n equipment dispensing systems cleaning sanitizing dishwashing machines process control equipment.\n systems capitalized mass asset capitalized depreciated written off depreciated.\n capitalizes computer software.\n data conversion training maintenance.\n renewals improvements extend lives capitalized.\n repairs maintenance.\n retirement depreciation removed gain loss recognized income.\n depreciation charged operations straight-line lives 5 to 40 years buildings improvements 3 to 20 years machinery equipment 3 15 years merchandising equipment 3 7 years capitalized software.\n depreciation allocation cost earnings economic benefits.\n586 561 560 2017 2016 2015."
}
{
    "_id": "dd4c5c6e4",
    "title": "",
    "text": ".\n december 31 2012 2011 included $ 100 million 2012 $ 100 million 2011.\n.\n march 2011 five-year $ 3. 5 billion unsecured credit facility.\n march 2012 maturity march 2017 april 2012 aggregate commitment increased to $ 3. 785 billion.\n 2012 additional $ 1. billion borrowing capacity not exceed $ 4. 785 billion.\n interest borrowings accrues london interbank rate spread.\n not exceed maximum leverage ratio 3 to 1 less 1 to 1 december 31  2012.\n credit facility provides back-up liquidity working capital investment opportunities.\n december 31 $ 100 million outstanding interest rate 1. 085%. maturity january 2013.\n rolled over $ 100 million borrowings.\n.\n.\noctober 14 2009 blackrock established commercial paper program issue unsecured paper notes maximum $ 3. billion.\n may 13 2011 blackrock increased amount $ 3. 5 billion.\n may 17 2012 increased $ 3. 785 billion.\n supported 2012 credit facility.\n december 31 2012 2011 blackrock no cp notes outstanding.\n long-term borrowings carrying value fair value prices dollar amounts maturity amount unamortized discount carrying value fair value.\n floating rate notes 2013 750\n 3. 50% 3. 50 % 2014\n. 375%. 375 % ) 2015\n 6. 25%. 2017\n. 2019\n. 25%. 25 % 2021\n. 375%. 375 % 2022\n-term borrowings 5700 5687 6275"
}
{
    "_id": "dd4bbd300",
    "title": "",
    "text": "entergy arkansas.\n subsidiaries income 2016 increased $ 92. million higher net revenue lower operation maintenance expenses higher income tax rate depreciation amortization expenses.\n decreased $ 47. million operation expenses revenue.\n fuel expenses gas power expenses regulatory charges.\n analysis change net revenue 2016 2015.\n.\n 2015 net revenue $ 1362.\n retail electric price.\n.\n 2016 net revenue $ 1520.\n retail electric price increase base rates.\n effective february 24 2016 first cycle april 2016.\n interim base rate adjustment surcharge incremental revenue requirement february 31.\n increase purchase power block 2 union power station.\n statements.\n."
}
{
    "_id": "dd4ba2eba",
    "title": "",
    "text": "equity compensation plan information table presents equity securities available as of december 31  2018.\n category number securities issued options warrants rights weighted-average exercise price securities remaining future issuance excluding securities approved 399165. 3995600 plans not approved.\n number securities issued warrants rights weighted-average exercise price rights securities remaining future issuance excluding\n compensation plans approved by holders 399165. 3995600\n plans not approved by\n 399165.\n includes grants under huntington ingalls industries.\n 2012 long-term incentive stock plan approved stockholders 2 huntington ingalls industries.\n plan approved stockholder.\n 27123 stock rights granted under 2011 plan.\nincludes 31697 stock rights 5051 restricted 335293 restricted performance rights 2012 plan target performance achievement.\n no awards plans not approved security holders.\n 13.\n relationships transactions director independence statement 2019 annual meeting 120 days fiscal year.\n 14.\n principal accountant fees services 2019 120 days fiscal."
}
{
    "_id": "dd4b9687c",
    "title": "",
    "text": "nbcuniversal media statement income.\n december 31 millions 2015\n income $ 3624 $ 3297 2122\n deferred gains cash flow hedges\n employee benefit obligations\n currency translation adjustments -121\n income 3542 3154 2171\n loss noncontrolling interests -210 -154\n loss noncontrolling\n income nbcuniversal $ 3361 $ 2972 2017\n statements.\n 2015 annual report"
}
{
    "_id": "dd4ba1308",
    "title": "",
    "text": "entergy corporation subsidiaries pollution environmental bonds.\n secured collateral first mortgage bonds.\n december 2005 sold 10 million equity units $ 50 each.\n note due 2011 5. 75%. purchase contract $ 50. 5705. 7074 shares common stock 2009.\n paid adjustment payments 1. 875%. $ 50.\n notes 2009 unsuccessful retired issued 6598000 shares common stock.\n nuclear waste policy act 1982 subsidiaries contracts nuclear fuel disposal.\n one-time fee generation april 7 1983.\n arkansas generated electric power nuclear fuel one fee accrued interest fair value excludes lease obligations doe obligations payable debt due one year.\n determined bid prices.\n entergy gulf liable long-term debt.\noutstanding december 31 2008 2007.\n debt agreement entergy gulf states texas assumed 46% long-term debt.\n annual maturities december 31 2008 five years.\n 2009 516019\n 2010 763036\n 2011 897367\n 2012 3625459\n 2013\n 2000 entergy business purchased fitzpatrick indian point 3 power plants seller-financed.\n issued notes nypa seven annual installments $ 108 million eight installments $ 20 million.\n implicit interest rate 4. 8%.\n indian point 2 2001 liable nypa $ 10 million year 10 years 2003.\n liability recorded note payable nypa balance.\n july 2003 payment $ 102 million maturity note payable.\n collateral.\n consolidated debt ratio 65% total capitalization.\ndebt ratio utility companies acceleration notes maturity dates.\n entergy gulf states louisiana mississippi texas system energy received long-term financing orders.\n arkansas"
}
{
    "_id": "dd4bfeaee",
    "title": "",
    "text": "26 2019 expect pay $ 2. million unrecognized tax benefit liabilities accrued interest 12 months.\n estimate future cash flows beyond 12 tax audit outcomes.\n remaining unrecognized tax liability other liabilities.\n accrued interest penalties.\n 2019 recognized $. million net interest penalties $ 26. million accrued interest penalties.\n 2018 recognized $ 3. million penalties $ 27. million accrued interest penalties.\n.\n leases warehouse space equipment.\n rent expense $ 184. million 2019 189. million 2018 188. million 2017.\n require property taxes insurance maintenance costs.\n sublease income insignificant.\n noncancelable future lease commitments.\n.\n.\n.\n.\n.\n.\n noncancelable future lease commitments..\n obligations.\n depreciation leases expense.\n issued guarantees $ 681. 6 million consolidated subsidiaries $ 133. 9 million non-consolidated affiliates.\n off-balance sheet arrangements future payments non-cancelable leases $ 482. 6 million.\n.\n packaged foods industry.\n north america retail convenience stores foodservice australia asia latin america pet.\n grocery stores mass merchandisers natural food chains e-commerce.\n product categories ready-to-eat cereals yogurt soup meal kits dough dessert baking mixes pizza grain fruit savory snacks organic products nutrition bars salty."
}
{
    "_id": "dd4ba561a",
    "title": "",
    "text": "kimco realty corporation subsidiaries consolidated financial statements 2014 construction development projects infrastructure public agencies require performance surety bonds guarantee company obligations.\n bonds expire completion improvements infrastructure.\n december 31 2010 approximately $ 45. 3 million performance surety bonds outstanding.\n company accrued $ 3. 8 million legal claim development project.\n negotiating plaintiff settle settlement approximate accrued.\n company subject legal proceedings claims.\n outcome effect financial position results operations liquidity.\n.\n maintains two equity participation plans 1998 2010.\n prior plan 47000000 shares common stock options restricted stock grants.\n 2010 plan 5000000 shares options restricted stock performance awards subject conditions.\n options vest over three to five years expire ten years exercisable market price.\nstock grants vest 100% fourth fifth anniversary over three four years 50% after two years third year.\n performance share awards right receive shares restricted stock based company performance criteria board directors.\n plans options restricted stock non-employee directors receive deferred stock awards fees.\n accounts stock options share based payments employees including stock options recognized in statement operations fair values.\n option estimated date grant black-scholes option pricing formula.\n expected volatility grant date.\n determined based historical equity common stock period implied volatility measure.\n assumptions options granted 2010 2009 2008 ended.\n average fair value options granted $ 3. 82 $ 3. 16 $ 5. 73\n risk-free interest rates 2. 40%. 54%. 13%.\n expected option lives years 6..\n. 98% 98 %. 81%. 81 %. 16 %\n. 21%. 21 %. 48%. 48 %. 33% 33 %"
}
{
    "_id": "dd4bb81de",
    "title": "",
    "text": "long-lived assets undiscounted cash flows.\n flows value written down estimated values 5.\n retirement obligations 2003 financial accounting standards.\n.\n fair value liability.\n liability costs increasing carrying amount asset.\n liability present value capitalized cost depreciated over life.\n settlement settles obligation recorded incurs gain loss.\n obligations.\n include ash landfills water treatment basins removal dismantlement plant equipment.\n december 31 2003 2002 liabilities $ 29 million $ 15 million.\n no assets legally restricted settling.\n.\n recorded additional liability $ 13 million net asset $ 9 million cumulative effect change accounting principle $ 2 million taxes.\n amounts retirement obligations december 31 2003.\n balance december 31 2002 $\n\n liability accounting change 13\n accretion expense 2\n change cash flows -1\n balance at december 31 2003 $ 29\n proforma net income earnings per share presented 2002 2001 sfas.\n 143.\n sfas 143 applied asset retirement obligation at january 2001 december 2002 $ 21 million $ 23 million $ 28 million.\n long-term liabilities non-legal obligations removal assets ipalco $ 361 million $ 339 million at december 31 2003 2002.\n deferred financing costs.\n net accumulated amortization of $ 202 million $ 173 million december 31 2003 2002.\n project development costs capitalizes costs projects milestones.\n services permits options interest.\n transferred to construction expensed."
}
{
    "_id": "dd498315c",
    "title": "",
    "text": ".\n income taxes capital loss carryforwards $ 69 million $ 90 million acquired transaction expire 2013.\n december 31 2012 2011 company $ 95 million $ 95 million valuation allowances deferred income tax assets consolidated statements.\n increase foreign deferred income tax assets.\n transaction reduced tax benefit tax-deductible goodwill.\n.\n income taxes statements tax jurisdiction.\n 2012 taxes payable $ 102 million $ 121 million.\n 2011 taxes $ 108 million $ 102 million.\n provide deferred taxes excess investments foreign subsidiaries.\n excess totaled $ 2125 million $ 1516 million december 31 2012 2011.\n determination additional deferred income taxes complexities hypothetical calculation.\n tabular reconciliation unrecognized tax benefits 2011.\n\n balance january 1 $ 349 $ 307 285\n additions prior years 10\n reductions -1 -17\n additions 69 35\n statute limitations 2014 -8\n settlements -29 -25 -2 2\n positions acquisitions\n balance december 31 $ 404 $ 349 $ 307\n unrecognized tax benefits 2012 2011 2010 $ 250 million $ 226 million $ 194 million tax benefits tax rate.\n recognizes interest penalties.\n accrued penalties $ 3 million 2012 liability $ 69 million.\n $ 10 million 2011 $ 66 million.\n $ 8 million 2010 $ 56 million.\n indemnified barclays $ 73 million guggenheim $ 6 million.\n blackrock subject.\n federal tax state foreign income tax jurisdictions.\nafter 2007 open.\n federal 2005 state local after 2006 united kingdom.\n 31 2012 company no longer subject to.\n federal examinations before 2006.\n revenue service blackrock 2006 2007.\n 2008 2009 years impact financial undetermined not expected.\n july 2011 federal tax audit bgi group acquired 2009.\n years under examination 2007 through december 2009 impact undetermined not expected.\n company under audit local jurisdictions.\n examinations california 2004 2006 new york city 2007 2008 jersey 2003 2009.\n no audits earlier 2007.\n financial statements."
}
{
    "_id": "dd4c45e44",
    "title": "",
    "text": "r&d expense increased 36% 36 % 2011 declined net sales due 66% year-over-year growth sales.\n increased 34% 34 % $ 449 million $ 1. 8 billion 2010.\n due headcount expenses.\n capitalization software development $ 71 million mac os x.\n&d expense increased 34% 34 % declined net sales 52% 52 % year-over-year increase investments critical future growth new products.\n expects&d.\n increased $ 2. 1 billion 38% 38 % $ 7. 6 billion 2011.\n due expansion retail headcount costs spending professional services marketing variable costs.\n expense increased $ 1. 4 billion 33% 33 % $ 5. 5 billion 2010.\n due expansion retail spending marketing advertising increased share-based compensation expenses variable costs.\n three years 24 2011.\n\n interest dividend income $ 519 $ 311 $ 407\n expense -104 -156 ( -81 (\n income expense $ 415 $ 155 $ 326\n increased $ 260 million 168% $ 415 million 2011 $ 155 $ 326 million 2010 2009.\n increase higher interest income gains securities.\n decrease 2010 declines interest rates offset higher cash balances.\n higher premium expenses foreign exchange option contracts reduced income expense.\n average interest rate cash equivalents securities. 77%. 75%. 43%. 2011 2010 2009.\n no debt interest expense.\n tax rates 24. 2%. 4%. 2011 2010 2009.\n federal income tax rate"
}
{
    "_id": "dd4c34108",
    "title": "",
    "text": "item 8 fourth quarter 2007 schlumberger sold workover rigs $ 32 million pretax gain $ 24 million $ 17 million after-tax interest income consolidated statement.\n.\n eastern echo holding december 2007 $ 838 million.\n dubai marine seismic company contracts construction six seismic vessels.\n purchase price allocated assets estimated values.\n cash short-term investments $ 266\n current assets 23\n fixed income investments 54\n vessels construction 694\n accounts payable liabilities -17\n long-term debt\n purchase price $ 838\n $ 514 million 2009 $ 345 million 2008 $ 281 million 2007.\n.\n.\n 40% schlumberger 60% smith international.\n equity.\n value investment $ 1. billion.3 billion affiliated companies.\n schlumberger equity income venture $ 131 million 2009 $ 210 million 2008 $ 178 million 2007.\n received cash distributions $ 106 million 2009 $ 57 million 2008 $ 46 million 2007.\n joint venture agreement interest cash price.\n purchase same price."
}
{
    "_id": "dd4bad4e6",
    "title": "",
    "text": "graph compares shareholder return pmi common stock compensation survey group s&p 500 index.\n assumes investment $ 100 december 31 2010 pmi common stock new york stock exchange market reinvestment dividends quarterly.\n 500.\n 2010 $ 100.\n 2011 139. 114. 102.\n 2012 $ 154. 128. 118.\n 2013 $ 167. 163. $ 156.\n 164. 170. $ 178.\n 186. 179. $ 180.\n pmi compensation survey group companies global sales competitors similar market capitalization consumer products technology financial compensation data bayer british american tobacco. coca-cola diageo glaxosmithkline heineken. imperial brands johnson mcdonald's. novartis pepsico. pfizer.roche holding unilever vodafone group.\n october 1 2012 international.\n kraft foods. spin-off north american grocery business kraft foods.\n.\n.\n retained pmi compensation survey global footprint.\n. shareholder return 65% kraft foods. capitalization december 31 2010. capitalization.\n.\n october 2 2012.\n figures rounded nearest $."
}
{
    "_id": "dd4bbdbfc",
    "title": "",
    "text": "black-scholes option-pricing model state street employee stock options grant date.\n weighted average assumptions 2001 2000 1999 risk-free interest rates 3. 99%. 99 % 5. 75%. 75 %. 90%. 90 % dividend yields 1. 08%. 73%. 92%. volatility factors market price common stock. 30.\n life stock options 4. years.\n unrealized income taxes.\n unrealized gain available-for-sale securities $ 96 $\n foreign currency translation\n shareholders 2019 rights plan 1988 dividend one preferred share purchase right each share common stock.\n 1998 rights agreement amended restated 2001 impacted 2-for-1 stock split.\n right purchase share participating preferred stock exercise price $ 132. subject adjustment.\nrights exercisable if party acquires 10% or state street 2019s common stock after offer.\n right entitles holder to purchase shares stock state or acquirer market value two times-current exercise price.\n rights expire september 2008 redeemed at $. 00125 per right subject adjustment prior expiration acquisition stock.\n rights redeemed after automatic redemption.\n state street subject to regulatory capital requirements federal banking agencies.\n failure capital actions state street financial condition.\n capital adequacy capital guidelines assets liabilities off-balance sheet items.\n capital amounts classification subject to qualitative judgments regulators.\n"
}
{
    "_id": "dd4bd6f58",
    "title": "",
    "text": "company 2019s obligations under senior notes repurchase control guaranteed by hii 2019s subsidiaries guarantors.\n guarantees rank with.\n 100% owned by hii.\n no restrictions hii obtain funds by dividend or loan.\n mississippi economic development revenue bonds company $ 83. 7 million outstanding bonds.\n bonds accrue interest 7. 81%. per annum mature 2024.\n repayment interest guaranteed by northrop grumman systems hii northrop for losses.\n proceeds finance construction reconstruction renovation ship manufacturing repair facilities mississippi.\n gulf opportunity zone industrial development revenue bonds $ 21. 6 million outstanding from bonds.\n $ 200 million hii purchased $ 178 million bonds from $ 178 million loan northrop grumman.\nnote 20 transactions former parent company equity.\n remaining bonds accrue interest 4. 55%. 55 % per annum payable semi-annually mature 2028.\n proceeds finance construction reconstruction renovation company 2019s interest ship manufacturing repair facilities mississippi.\n estimated value total long-term debt december 31 2011 2010 $ 1864 million $ 128 million.\n calculated recent trades debt instruments interest rates similar risks terms maturities.\n principal payments due long-term debt next five years.\n long-term debt $ 1859\n.\n investigations litigation involved legal proceedings subject government examinations inquiries investigations.\n accrued losses investigations claims litigation.\n losses higher.\nmaterial loss probable possible estimated company estimate range possible losses estimated range disclosed in notes.\n based on information judgment uncertainties.\n range not represent company 2019s maximum loss exposure.\n company not able estimate loss indicate reasons unable estimate.\n not described in notes company not believe possible liabilities arising from"
}
{
    "_id": "dd497d842",
    "title": "",
    "text": "management financial condition results operations indemnification provisions company may provide indemnifications losses breach warranties commercial intellectual property divestiture agreements.\n significant payments claims.\n increasing risk intellectual property indemnities current legal climate.\n payment conditioned other party claim challenge claims.\n obligations indemnification breach limited duration not 24 months amounts not contract value recourse third parties payments.\n defendant lawsuits claims actions.\n financial position liquidity results operations.\n commentary financial results note 12 segment geographic region consolidated financial statements.\n net sales operating results three segments 2009 2008 2007.\n mobile devices segment designs manufactures sells wireless handsets licenses intellectual property.\n 2009 net sales 32% ( 32 % consolidated net sales 40% 40 % 2008 52% % 2007.\nmillions years 31 2009 2008 2007\n segment net sales $ 7146 $ 12099 $ 18988 41 % 36 %\n operating earnings -1077 51 83%\n segment results 20142009 net sales $ 7. 1 billion decrease 41% 41 % $ 12. 1 billion 2008.\n 45% % decrease unit shipments offset 8% increase average selling price.\n sales impacted reduced product offerings segments 3g products limited low-tier products.\n sales decreased gsm cdma 3g offset increase iden.\n sales decreased latin america europe middle east african asia north america.\n operating loss $ 1. 1 billion 2009 improvement 51% $ 2. 2 billion 2008.\ndecrease operating loss due to selling general administrative expenses lower marketing expenses cost-reduction research development expenditures lower excess inventory charges 2009 2008 $ 370 million software platforms $ 150 million charge 2008 purchase commitment offset decrease gross margin 41% ( % decrease net sales.\n gross margin r&d expenditures increased sg&a expenses decreased.\n segment industry short life cycles new products.\n vital new products.\n"
}
{
    "_id": "dd497b9d4",
    "title": "",
    "text": "15 100 shareholder return performance compares annual change corporation return common stock dow jones containers packaging index s&p composite 500 stock index five-year period december 31 2010.\n $ 100 invested december 31 2005 dividends reinvested.\n dow jones containers packaging index return weighted market capitalization.\n.\n corporation $ 100. $ 110. $ 115. 107. $ 134. $ 178.\n containers packaging index $ 100. 112. 119. 75. 105. 123.\n s&p 500 index $ 100. $ 115. $ 122. $ 76 $ 97. $ 111.\n mcgraw-hill companies.copyright a9 2011 standard poor 2019s division mcgraw-hill companies. rights reserved. researchdatagroup. copyright a9 2011 standard 2019s division mcgraw-hill companies. rights researchdatagroup. copyright a9 2011 standard poor 2019s division mcgraw-hill companies. rights reserved researchdatagroup. copyright a9 2011 standard 2019s-hill. researchdatagroup.&p\n copyright a9 2011 dow jones company. rights reserved."
}
{
    "_id": "dd4bc4eb6",
    "title": "",
    "text": "consolidated financial statements annual compensation.\n years 2009 2008 2007 contributions $ 450000 $ 503000 $ 457000.\n involved litigation.\n costs affect financial position operating results liquidity.\n employment agreements executives june 2010 january 2013.\n minimum cash-based compensation salary bonus $ 7. million 2010.\n 1998 acquired operating sub-leasehold 420 lexington avenue.\n annual lease payments $ 6. million $ 1. million.\n 2007 ground lease december 31 2029 option 2080.\n rent payments $. million per year.\n revaluation.\n 2009 acquired sub 420 lexington avenue $ 7. million.\n december 2029.\n october 2009 acquired remaining sub-leasehold $ 7. million.\nproperty 711 third avenue sub-lease expires 2083.\n ground rent $ 1. 55 million annually through 2011.\n rent reset after 2011 value.\n option buy sub-lease.\n 461 fifth avenue ground lease $ 2. million annually expiration 2027 options renew 21 years 15.\n purchase lease fixed price.\n 625 madison avenue $ 4. 6 million annually expiration 2022 options renew 23 years.\n 1185 lease $ 8. 5 million 2010 6. million annually expiration 2020 option renew 23 years.\n 673 first avenue.\n 70% fair market value.\n operating capital lease.\n initial lease term 49 years option 26 years.\n additional rent.\n 673 first avenue capital lease cost $ 12. 2 million cumulative amortization $ 5. million.2 million december 31 2009 2008.\n schedule future minimum lease payments capital noncancellable operating leases terms one year 31 2009 non-cancellable capital lease.\n 2010 $ 1451 31347\n 2011\n 2012\n 2013\n 2014\n 45649 580600\n minimum lease payments 53320 $ 725413\n interest -36437\n net minimum lease payments $ 16883\n financial instruments derivatives hedging derivatives balance fair value.\n adjusted fair value.\n changes fair value offset asset recognized income earnings.\n ineffective change fair value recognized earnings.\n net income 2019 equity increase interest rates variables no effect cash flows."
}
{
    "_id": "dd4b9a08a",
    "title": "",
    "text": "aes corporation financial statements 2014 december 31 2018 2017 2016 reconciliation unrecognized tax benefits millions.\n 2017 2016\n balance january 1 $ 348 $ 352 $ 364\n additions current year tax positions\n additions prior years\n reductions prior years\n settlements\n lapse statute limitations\n balance december 31 $ 463 $ 348 $ 352\n company subsidiaries examination taxing authorities years.\n assesses outcome examinations unrecognized tax benefit.\n difficult predict outcome uncertain tax position accrued uncertain tax benefits.\n audit outcomes events unrecognized tax benefits uncertainty.\n examinations exceed provision unrecognized tax benefits december 31 2018.\n effective tax rate net income.\n.\noperations portfolio evaluation 2016 management shift distribution companies sul eletropaulo reduce exposure.\n disposals sul eletropaulo completed october 2016 june 2018.\n 2017 converted preferred shares listing novo mercado brazilian stock exchange.\n aes controlled eletropaulo maintained influence.\n deconsolidated eletropaulo.\n 17% ownership equity.\n after-tax loss $ 611 million $ 455 million translation losses $ 243 million pension losses.\n 2017 criteria met discontinued operation.\n financial statements.\n june 2018 17% ownership eletropaulo bidding process.\n proceeds $ 340 million subsidiary.\n pre-tax gain sale $ 243 million after $ 199 million.\n pre-tax loss immaterial year december 31 2018.\neletropaulo pre-tax loss 2017 2016 $ 633 million $ 192 million.\n south america sbu.\n sale sul subsidiary 2016.\n discontinued operations statements.\n after-tax loss $ 382 million pre-tax impairment charge $ 783 million offset tax benefit $ 266 million $ 135 million deferred taxes.\n carrying value sul asset group $ 1. 6 billion greater fair value costs.\n impairment charge limited assets."
}
{
    "_id": "dd4b88394",
    "title": "",
    "text": "tower corporation subsidiaries financial statements 2014.\n. 25%. discount notes warrants 2003 issued 808000 units $ 1000. notes subsidiary warrant purchase 14. 0953 shares common stock gross proceeds $ 420. million.\n proceeds allocated notes $. 4 million warrants $ 52. 6 million.\n net proceeds $ 397. million loan.\n notes accrue no cash interest.\n value issuance maturity august 1 2008 12. 25%. per annum.\n 808000 warrants right purchase 14. 0953 shares common stock $ 0. 01 per share.\n exercisable january 29 2006 expire august 1 2008.\n. 5%. common stock.\n notes covenants issuer subsidiary guarantors indebtedness create liens pay dividends equity distributions purchase capital stock sell.\nati notes junior indebtedness.\n loan agreement february 21 2003 amendment credit facilities.\n prepayment loans.\n $ 200. million net proceeds notes january 2003.\n prepayment $ 125. million a $ 75. million b future principal payments.\n prepayment $ 200. million paydown debt proceeds sale mtn $ 24. 5 million february 2003 principal payments long- term debt capital leases next five years december 31.\n 2003 $ 268496\n 2004 131262\n 2005 195082\n 2006 538479\n 2007 1065437\n 1408783\n $ 3607539"
}
{
    "_id": "dd4c10fc8",
    "title": "",
    "text": "recoverability goodwill measured at reporting unit level begins assessment fair value less than carrying amount two-step goodwill impairment test.\n first step compares carrying amount to estimated fair value.\n exceeds carrying not impaired second step not necessary.\n carrying value second step performed carrying value compared to implied fair value.\n carrying value impairment exists recognized.\n calculation estimated fair value based on two valuation techniques discounted cash flow model market adjusted multiple earnings.\n implied fair value determined.\n value allocated to assets liabilities including unrecognized intangible assets price paid to.\n recoverability of intangible assets indefinite useful lives.\n determined on relief from royalty methodology based on implied royalty paid to license use asset.\npresent value after-tax cost savings.\n indicates estimated fair value asset.\n excess impairment loss.\n intangible assets patents customer finite useful lives amortized straight over estimated economic lives.\n weighted-average lives.\n customer relationships\n trademarks\n technology/patents\n recoverability intangible assets finite assessed property plant equipment.\n income taxes-off income tax expense recorded.\n applies.\n cash tax payments current deferred taxes tax balances.\n cash paid income taxes year december 31 2015 $ 80. 6 million.\n income tax accounts balance sheets include taxes deferred taxes spin-off.\n calculation income taxes involves judgment estimates allocations.\n deferred tax assets liabilities determined temporary differences financial reporting tax bases enacted tax rates.\ncompany recognizes future tax benefits net losses tax credits.\n reviews recoverability deferred tax assets profitability future income tax planning strategies.\n records valuation allowance future tax benefit.\n product warranties accruals recorded sale estimated terms experience.\n assesses liabilities adjustments warranty claims information."
}
{
    "_id": "dd4ba60c4",
    "title": "",
    "text": "operating administrative expenses increased 2015 due larger film slate.\n inclusion fandango cable networks.\n advertising marketing promotion expenses theatrical releases films dvd digital formats.\n marketing expenses before release film.\n losses profits until generates home entertainment licensing revenue.\n costs producing marketing films increased may.\n advertising marketing promotion expenses increased 2015 due higher promotional costs larger film slate increased advertising expenses fandango.\n decreased 2014 fewer major film releases operations december 31 millions 2013 % change.\n revenue $ 3339  $ 2623  $ 2235 27. 3%. 3%.\n operating costs expenses 1875  1527  1292 22.\n operating income before depreciation amortization $ 1464  $ 1096  $ 943. 5%.\n.%. 3%. theme parks 2013 revenue ticket sales guest spending universal theme parks orlando florida hollywood california licensing fees.\n 2015 nbcuniversal acquired 51% interest universal studios japan.\n spending food beverages merchandise.\n travel.\n licensing fees agreements third parties universal studios singapore park japan park brand name intellectual property.\n revenue increased 2015 2014 due guest attendance spending orlando hollywood theme parks.\n 2015 success attractions wizarding world harry potter fast & furious simpson springfield.\n revenue $ 169 million universal studios japan november 13 december 31 2015.\n increase 2014 due new attractions wizarding despicable me minion mayhem.\n"
}
{
    "_id": "dd4bd74e4",
    "title": "",
    "text": "cash flows years 30 31 26.\n 302017\n cash operating activities $ 22110 21808 19018\n investing -15762 -25817 -8183\n financing -8475 -5739\n cash equivalents -9748 12747\n adjusted non-cash items assets liabilities.\n $ 302 million increase working capital offset adjustments non-cash lower net income.\n tax reform.\n increased income before taxes $ 1. billion customer deposits.\n offset increased inventory accounts receivable.\n taxes $ 2. 9 billion higher income before taxes taxable gains.\n $ 2. 0 billion additional customer deposits 2018.\n $ 2. 8 billion increase adjustments non working capital offset lower net income.\n adjustments non-cash higher 2016 restructuring deferred taxes lower depreciation.\nactivities capital expenditures purchases sales maturities disposals proceeds divestitures acquisitions.\n capital expenditures $ 11. 8 billion 2017 ( $ 9. billion 2016 $ 7. billion 2015.\n decrease cash due higher-investments divestiture maturities sales.\n offset by capital expenditures.\n increase cash acquisition purchases expenditures.\n offset lower investments non-marketable equity.\n financing activities repurchases common stock dividends issuance repayment short-term debt proceeds sale.\n increase cash to long-term debt activity.\n repurchased $ 3. 6 billion common stock $ 2. 6 billion 2016.\n $ 13. 2 billion.\n repurchases.\n proceeds sale plans $ 770 million 2017 $ 1. billion 2016.\n dividend payments were $ 5. billion 2017.billion 2016.\n paid cash dividend 101 quarters.\n 2018 dividend $ 1. 20 share.\n quarterly dividend $ 0. 30 share 2018.\n payable march 1 february 7 2018.\n cash financing 2016 fewer debt issuances repayment.\n offset fewer common stock repurchases.\n"
}
{
    "_id": "dd4c1f514",
    "title": "",
    "text": "selling administrative expenses increased $ 65. 2 million 2010 $ 52. 9 million 2009 compensation recruitment costs higher headcount non-cash compensation expense.\n goods sold 2010 2009 $ 2. 1 million $ 1. 7 million royalties arcalyst ae supplies.\n shipments not included.\n decreased $ 2. 1 million 2010 from $ 4. 5 million 2009 lower yields balances cash securities.\n interest expense increased $ 9. 1 million 2010 from $ 2. 3 million 2009.\n imputed interest payments laboratory tarrytown new.\n.\n recognized $ 4. 1 million benefit $ 2. 7 million.\n federal minimum tax $ 0. 7 million american recovery reinvestment act unused pre-2006 research tax credits.\n2009 2008 $ 67. million $. per share $ 79. million $ 1. per share.\n decrease loss 2009 due collaboration revenue antibody sanofi-aventis $ 20. million performance milestone payment trap-eye bayer healthcare higher arcalyst ae sales research development expenses.\n 2009 2008.\n sanofi-aventis 247. $ 154.\n bayer healthcare 67.\n 314. 185.\n technology licensing revenue 40.\n product sales 18.\n contract research.\n $ 379. $ 238."
}
{
    "_id": "dd4c3fa1c",
    "title": "",
    "text": "earnings per share operating cash flow performance objectives personnel committee set entergy achievement multiplier at 140% ( 140 % ) target.\n increased 25 percent members chief executive.\n denault.\n smith not other officers committee.\n section 162 internal revenue code management effectiveness factor mechanism achievement factors performance.\n 2009 factor performance.\n annual incentive award for executive officers.\n.\n.\n awarded from incentive pool approved committee.\n supervisor determines annual incentive payment based entergy achievement multiplier.\n decrease performance.\n approval chief executive officer.\n table shows executive management incentive plans payments percentage base salary for 2008 officer target percentage base salary 2008 annual incentive.\n. 120% ( 120 % ) 168% ( 168 % ) 2169720\n.denault 70% 70 % 98% 98 % $ 617400\n richard. smith 70% 98% 98 % 632100\n. renae conley 60% 60 % 102% 102 % 415000\n. mcdonald 50% 50 % 160500\n joseph. domino 72% 72 % 230000\n roderick. 40% 40 % 80% 80 % 252000\n haley fisackerly 40% 40 % 46% 46 % 125700\n theodore. 60% 60 % 117% 117 % ) 400023\n carolyn shanks 50% 50 % 72% 72 % $ 229134\n. lewis 40% 40 % 60% 60 % $ 128505\n.\n.\n ceo-entergy mississippi principal financial officer.\n.\n.\n retention.\n.\n bonuses three-year.\nemployment company employee eligible special cash bonus three payments 15% to 30% base salary."
}
{
    "_id": "dd4c0fc0e",
    "title": "",
    "text": "2006 fasb issued 158 defined benefit pension postretirement plans amendment statements.\n 87 88 106 132. 158 recognize over-funded under-funded defined benefit pension plans assets liabilities balance sheets.\n changes funded status recognized income equity.\n adopted sfas 158 september 28 2007.\n rules prospective.\n immaterial adjustment balance sheet no impact net earnings cash flows.\n accounts.\n 130 income.\n.\n.\n financial statement standard disclose non-owner changes equity net income loss.\n accumulated loss adjustments pension liability.\n balance september 30 2005 -1137 1137\n balance september 29 2006 -599 ( 599 )\n adjustment\n adjustment sfas 158\n balance september 28 2007 -214 ( 214\naccounting pronouncements 48 2006 fasb interpretation.\n uncertainty income taxes 2014 statement.\n clarifies accounting disclosure uncertainty tax positions.\n diversity accounting income taxes.\n effective fiscal years december 2006 2008.\n evaluating impact fin 48 financial position results operations results.\n september 2006.\n value measurements defines fair value framework measuring.\n effective financial statements years november 15 2007.\n impact operations.\n 2006 securities exchange commission accounting bulletin.\n prior year misstatements financial statements guidance carryover reversal skyworks solutions.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n consolidated financial statements 2014"
}
{
    "_id": "dd4c5060a",
    "title": "",
    "text": "entergy gulf states louisiana.\n financial debt equity/membership interest issuances require regulatory approval.\n subject to issuance tests bond agreements.\n capacity capital needs.\n receivables money pool december 31 years.\n 2011 2010 2009 2008\n $ 23596 $ 63003 $ 50131 $ 11589\n note 4.\n credit facility $ 100 million expire august 2012.\n no borrowings outstanding december 31 2011.\n short-term borrowing authorization ferc through october 2013 $ 200 million.\n note 4 borrowing limits.\n order long-term securities issuances through july 2013.\n hurricane gustav ike caused damage territory.\n power outages damage distribution transmission generation infrastructure loss sales.\noctober 2008 entergy gulf louisiana drew $ 85 million storm reserve.\n october 15 lpsc approved defer accrue carrying cost unrecovered storm expenditures.\n prejudice incurred storm cost.\n entergy filed hurricane gustav ike storm cost recovery case may 2009.\n september 2009 filed lpsc application financing orders storm costs reserves issuance costs act 55.\n hurricane katrina rita costs financed act 55 financings.\n filed application lpsc approval ancillary issues act 55 financing savings cost offset.\n december 2009 stipulation agreement lpsc recoverable costs $ 234 million $ 394 million.\n recover $ 4. 4 million $ 7. 2 million storm restoration spending.\nstipulation permits replenishing louisiana storm reserve $ 90 million $ 200 million act 55 financings accomplished.\n 2010 filed lpsc settlement terms proposals act 55 financings commitment pass customers $ 15. 5"
}
{
    "_id": "dd4979a3a",
    "title": "",
    "text": "oil gas activities 2017 reserves decreased mmboe 2022 revisions increased 49 economic wells 5-year plan increase 44 remainder revisions business.\n extensions discoveries increased 116 expansion areas oklahoma.\n purchases increased 28 acquisitions northern delaware basin mexico.\n production decreased 145.\n sales decreased 685 sale canadian business 10 divestitures assets oklahoma colorado.\n.\n financial statements.\n 2016 reserves decreased 67 mmboe 2022 revisions estimates increased 63 151 economic wells.\n decrease 64.\n technical revisions.\n extensions discoveries increased 60 expansion areas sales oklahoma.\n purchases increased 34 acquisition assets oklahoma.\n production decreased 144.\n sales decreased 84 divestitures wyoming gulf mexico assets.\n2015 reserves decreased 35 2022 revisions estimates decreased 2 105 drilling programs.\n increase 67 discontinued operations reevaluation lower royalty percentages offset decrease 173 capital development program 5-year rule.\n 2022 extensions discoveries increased drilling.\n.\n 2022 production decreased 157.\n.\n 18 mmboe.\n 2017 decrease 6 2016.\n changes reserves 2017.\n 552\n revisions estimates\n improved recovery 2014\n purchases\n extensions discoveries additions 57\n dispositions\n transfers -83\n revisions estimates.\n increased 5 44 mmboe increase economic wells 5-year plan offset decrease 40 mmboe removal economic wells.\n extensions discoveries.\n increased 57 mmboe expansion."
}
{
    "_id": "dd4bf297e",
    "title": "",
    "text": "increase property operating expenses large market store real estate taxes $ 3. million personnel expenses $ 1. 9 million water $ 1. million cable. million waste removal $. 2 million.\n increase secondary market store 1. 5 million real estate taxes 1. million personnel expenses. 2.\n decrease expenses non-same store personnel expenses $ 2. 4 million utility expenses $ 1. 7 million.\n table shows depreciation amortization expense segment 2015 2014.\n large market same store $ 168872 $ 174957.\n secondary market same store 85008.\n portfolio 253880 -7135.\n non-same store 40640 40797.\n $ 294520 301812 -7292.\n decrease depreciation amortization expense due $ 19.4 million amortization leases resident relationships merger 2014 2015.\n offset depreciation expense $ 11. million real estate assets.\n property management expenses $ 31. million decrease $ 1. million from.\n state franchise taxes $ 2. 1 million offset insurance $ 0. 6 million payroll $. 3 million incentive expense. million.\n general administrative expenses $ 25. 7 million increase $ 4. million 2014.\n increase legal fees $ 2. 7 million stock option expenses $ 1. 6 million.\n merger integration expenses no 2015 facilities costs acquisition integration.\n expenses $ 3. 2 million $ 8. 4 million.\n interest $ 122. 3 million decrease $ 1. 6 million.\n amortization deferred financing cost $ 0. 9 million.\n debt balance decreased $ 3.. 4 billion decrease 85. million.\n average interest rate. 7%. maturity. 8 years.\n mid-america apartment 10-k 20 2016 304352-1.\n"
}
{
    "_id": "dd4bc1144",
    "title": "",
    "text": "network corporation financial statements future lease payments present net payments december 31 2015 years 31.\n 2016 76676\n 2017 75874\n 2018 75849\n 2019 50320\n 2020 48000\n 64000\n lease payments 390719\n lease executory costs insurance maintenance profit\n payments 203977\n interest -37485\n lease payments 166492\n current -30849\n long-term capital lease obligations $ 135643\n future maturities long-term debt 2015 commitments table note 15.\n.\n future tax effects differences tax assets liabilities operating loss tax credit carryforwards.\n deferred tax assets offset valuation allowances.\n valuation allowance.\n financial information future events taxable income tax planning opportunities.\n consolidated tax returns.\n subsidiaries.\nfinancial statements separate.\n 2015 no net loss carryforwards federal tax $ 39 million nol benefit state tax offset valuation allowance.\n 2017.\n $ 61 million tax benefits credit carryforwards offset valuation.\n"
}
{
    "_id": "dd4baf746",
    "title": "",
    "text": "stock performance graph shows five-year comparison shareholder return dividend s&p 500 composite computer hardware dow jones.\n technology index.\n assumes $ 100 invested company common stock s&p 500.\n index market september 30 2007.\n.\n historic stock price performance not indicative future performance.\n.\n 500 5 year return. s&p 500$ 100 invested 9/30/07 reinvestment dividends.\n fiscal year.\n copyright 2012 mcgraw-hill companies.\n.\n.\n apple inc. $ 100 $ 74 121 $ 185 248 437\n s&p 500 $ 100 $ 78 73 80 81\n s&p computer hardware $ 100 $ 84 99\n dow jones us technology $ 100 $ 76 $ 85 $ 95 $ 98"
}
{
    "_id": "dd4bcff28",
    "title": "",
    "text": "average value options 2012 2011 2010 $ 13 $ 19 $ 20 per share.\n total value $ 19. million $ 4. 2 million $ 15. 6 million.\n company granted 931340 shares common stock 4048 restricted stock units.\n vesting period 2 to 4 years.\n fair value $ 54. 5 million compensation expense.\n dividends accrued paid.\n 2012 granted 138410 performance shares.\n fair value $ 7. 7 million compensation expense.\n contingent performance market conditions.\n table summarizes restricted stock performance shares activity 2012 grant date value december 31 2011.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n cancelled.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n restricted shares 2010 $ 20. 9 million $ 11. 6 million $ 10. 3 million.\n employees acquire shares-tax payroll deductions.\n purchased closing price nasdaq.\n compensation expense recognized.\n 2012 2011 2010 27768 32085 21855 shares issued employees.\n six-month holding.\n expense $. 1. 2. million purchase discount 2012 2010.\n non-executive directors annual award stock $ 75000.\n annual stipend $ 25000 closing price.\n 40260 40585 37350 shares common stock issued non-executive directors 2012 2011 2010.\n not vesting restrictions.\n expense $ 2. 2 million. 1 million $. 4 million recognized 2011 2010.\n.\ncompany uses quoted prices equity investments.\n level 1 assets include.\n treasury equity securities mutual funds quoted prices.\n inputs.\n level 2 asset- backed securities municipal bonds.\n government agency securities interest rate swap contracts.\n.\n measured matrix pricing.\n value interest rate swap contracts standard valuation models inputs exchange rates interest rate curves."
}
{
    "_id": "dd4ba19ca",
    "title": "",
    "text": "2018 ppg annual report 10-k crown group october 2 2017 acquired crown. coatings application services business ppg industrial coatings segment.\n crown leading component product finishers north america.\n applies coatings manufactured parts assembled products 11.\n sites.\n facilities assembly warehousing sequencing services.\n serves automotive construction heavy truck alternative energy industries.\n impact sales results not significant.\n results industrial coatings.\n taiwan chlorine industries established 1986 joint venture ppg china petrochemical development corporation chlorine products ppg owned 60 percent venture.\n 2013 separation conveyed axiall 60% ownership.\n agreement 40% ownership axiall $ 100 million.\n axiall ppg purchase.\napril 2016 axiall cpdc tci.\n june 2016 axiall designated ppg purchase 40% % tci.\n august 2016 westlake chemical acquired axiall wholly-owned subsidiary westlake.\n april 2017 ppg purchase cpdc tci.\n difference acquisition value purchase price loss discontinued operations december 31 2017.\n ownership equity investment earnings consolidated statement note. july 2016. coatings.\n applies coatings parts products.\n on- site regional service centers. canada mexico germany hungary.\n customers ship parts centers paint adhesion electrocoat.\n stage assembly.\n coats 1. 5 million parts per day.\n estimated fair value assets acquired liabilities assumed final purchase price allocation metokote.\n.\nplant equipment 73\n assets finite lives 86\n goodwill 166\n deferred income taxes\n assets $ 351\n current liabilities\n long-term liabilities\n liabilities $ 45\n purchase price cash $ 306\n net deferred income tax liability tax.\n impact sales results operations not significant.\n no cost savings operating synergies.\n results industrial coatings.\n"
}
{
    "_id": "dd4bb293c",
    "title": "",
    "text": "expenses 2016 transaction costs norcraft acquisition $ 15. 1 million 2015.\n offset higher employee costs lower defined benefit plan income.\n.\n general administrative expense $ -80. $ -70.\n defined benefit plan income 2. 6.\n losses -1. -2.\n norcraft transaction costs -15. 1 15.\n corporate expenses $ -79. 9 ( 79. $ -81. 6 ( 81.\n costs acquisition norcraft banking legal accounting services.\n gains losses remeasurement liabilities defined benefit plans.\n fourth quarter year.\n amendments settlements.\n income.\n working capital capital expenditures indebtedness finance acquisitions repurchase pay dividends.\n principal sources liquidity cash flows credit facility debt issuances capital markets.\noperating income generated by subsidiaries.\n no restrictions pay dividends to fortune brands.\n december 2017 board increased quarterly cash dividend 11% to $ 0. 20 per share common stock.\n dividend payment opportunities.\n no assurance future dividends on financial condition cash flows capital requirements factors.\n review portfolio transactions value.\n predict acquisitions joint ventures dispositions purchases dividends impact cash flows financial condition.\n cash flows borrowing availability liquidity subject risks.\n. 2016 amended credit agreement new $ 1. 25 billion credit facility.\n non-cash transaction.\n terms conditions same 2011.\n facility june 2021 borrowings for general corporate purposes.\n 31 2017 2016 outstanding borrowings were $ 615. million $ 540. 0 million.\n2017 2016 long- term debt zero.\n interest rates variable libor"
}
{
    "_id": "dd4be4d56",
    "title": "",
    "text": "westrock financial statements years 2018 2017 share-based compensation expense $ 64. 2 million $ 66. 8 million $ 60. 9 million $ 2. million gain sale hh&b 2017.\n compensation expense reduced $ 5. 4 million rescission shares limits 2014 2015.\n total income tax benefit $ 16. 3 million $ 19. 4 million $ 22. 5 million.\n cash share-based payment arrangements $ 61. 5 million $ 44. 4 million $ 59. 2 million.\n replaced stock westrock stock options.\n.\n identical terms. conversion factor.\n acquisition $ 70. 8 million kapstone equity awards balance expensed remaining period.\n issued 2665462 options $ 20. 99 per share black-scholes option pricing model.\n assumptions.\n.\nvolatility 27. 7%. 7 %\n risk-free interest rate 3. 0%. %\n dividend yield 4. 1%. 1 % )\n acquisition replaced westrock.\n no additional shares.\n identical 0. 33 conversion factor.\n granted 119373 awards valued $ 54. 24 per share.\n acquisition $ 1. 9 million equity awards balance expensed remaining service period.\n stock options appreciation rights price equal closing market price vest three years-third increments 10-year contractual terms.\n subject expense retirement eligibility rules.\n change control termination employment vesting.\n fair value options black-scholes option pricing model.\n historical data terminations.\n volatility historical volatility.\n risk-free interest rate.\n treasury securities.\n dividend yield estimated historic annual dividend payments expectations.\nreplacement acquisitions stock options 2019 2018 2017."
}
{
    "_id": "dd4bb0f24",
    "title": "",
    "text": "financial statements bancorp fixed interest. until may 15 2058.\n floating rate three-month libor 500.\n interest rate swap $ 275 million fixed-rate debt floating.\n 2008. 05%.\n redeemed 15 2013 redemption 100% principal interest.\n redemptions approval federal reserve board.\n fixed-rate bank notes 2009 2019 obligations subsidiary bank.\n $ 36 million 2009 800 million 2010 $ 275 million 2019.\n rate swaps $. billion debt floating.\n 2008. 19%. 800 million. 275 million.\n $ 500 million notes 2003 matured.\n fixed rate 3. 375%.\n floating-rate bank notes 2013 obligations subsidiary bank.\n floating three-month libor 11.\n $ 797 million three libor 4 $ 400 million federal funds rate 12.\nsubordinated fixed-rate bank notes 2015 subsidiary bank.\n interest rate swaps.\n weighted-average rate. 29%. %\n junior bank notes 2032 2033 assumed bancorp subsidiary crown 2007.\n three-month libor 310 325.\n six.\n 2033 2034 assumed subsidiary first national bank.\n obligations issued fnb trusts i ii.\n 2035 assumed subsidiary 2008.\n obligations issued.\n three-month libor 169 142.\n bancorp guaranteed obligations acquired.\n advances rates 0%. 34%. interest payable monthly.\n secured residential mortgage loans securities $ 8. 6 billion.\n 2. billion advances floating rate.\n bancorp interest rate caps $ 1. billion fhlb borrowings.\n. billion advances.billion 2009 $ 1 million 2010 $ 2 million 2011 1 billion 2012 $. billion 2013.\n medium-term senior notes maturities one year to 30 years issued two subsidiary banks $ 3. 8 billion outstanding december 31 2008 $ 16. 2 billion future issuance.\n no other medium-term senior notes 2008.\n.\n commitments bancorp financial instruments agreements financing.\n interest rate prepayment risks funding equipment communities.\n credit counterparty market risk.\n creditworthiness evaluated case-by-case policies.\n commitments liabilities guarantees summarized future payments.\n december 31.\n commitments extend credit\n letters credit\n mortgage loans\n noncancelable lease obligations\n purchase obligations\n capital expenditures\ncommitments extend credit are agreements fixed expiration dates fee.\n expire amounts represent future cash flow.\n bancorp exposed to credit risk nonperformance.\n fixed-rate commitments market risk exposure limited to replacement value.\n 2007 reserve for unfunded commitments $ 195 million $ 95 million.\n standby commercial letters of credit guarantee performance.\n $ 3. 3 billion expire within one year $ 57 million $ 5. 3 billion between one to five years $ 0. 4 billion thereafter.\n standby letters guarantees.\n.\n reserve was $ 3 million.\n 66% 70% of letters secured.\n nonperformance bancorp has rights to underlying collateral real estate property inventory receivables cash securities.\n monitors credit risk using dual risk rating system"
}
{
    "_id": "dd4bc6fe0",
    "title": "",
    "text": "profit decreased 1% 2010.\n declines defense increase civil intelligence unchanged.\n $ 27 million decrease defense decrease performance adjustments mission combat systems.\n $ 19 million increase civil due higher volume enterprise civilian services.\n decreased 3% 2009.\n declines offset growth defense.\n decrease $ 29 million civil reduction performance adjustments enterprise civilian services.\n decrease $ 27 million intelligence reduction security.\n increase defense $ 29 million due volume improved performance mission combat systems.\n decrease backlog higher sales volume civilian service programs.\n backlog decreased 2009.\n termination clause contract $ 1. 6 billion reduction orders.\n decline increased orders civilian services.\n low digit decrease sales 2011.\n due completion dris 2010 program.\n profit decline sales volume margins comparable.\nbusiness design research engineering production satellites strategic defensive missile systems space transportation systems replacement space shuttle.\n satellite programs high frequency mobile positioning-based infrared system satellite-series.\n strategic missile defense programs targets countermeasures fleet ballistic missile program.\n space transportation nasa orion program ownership joint ventures launch services space shuttle processing.\n.\n space shuttle final flight mission 2011 involvement.\n 2019 results 2010 2009.\n net sales\n operating profit 972\n margin 11. 8%. 2%.\n backlog-end\n net sales decreased 5% 2010.\n declined lines business.\n $ 253 million decrease space transportation lower volume space shuttle external tank commercial launch vehicle space flight programs offset higher volume orion program.\nno commercial launches 2010 one.\n sales declined $ 147 million lower volume.\n $ 8 million decline lower volume offset government.\n one delivery one delivery.\n net sales increased 8%.\n growth offset decline.\n growth $ 707 million higher volume government.\n one satellite delivery 2009 two deliveries 2008.\n increase $ 21 million higher volume orion program decline.\n one commercial launch 2009 2008.\n sales decreased $ 102 million lower volume defensive missile."
}
{
    "_id": "dd4c2acb6",
    "title": "",
    "text": "visa inc.\n financial statements 2014 september 30 2008 millions converted class eu series i to class c true-up.\n results reflected table.\n fractional shares conversion rounded down.\n paid cash stockholders initial redemption class b class c stock.\n outstanding regional classes series common stock reorganization converted-up class usa 1 ) b 2 ) 426390481. 93870 400251872.\n outstanding regional classes common stock reorganization converted classes series-up true-up conversion ratio\n class usa 1 ) class b ( 2 ). 93870 400251872\n class eu series i ) c series iii ) 62213201.\n eu 27904464.\n eu iii c iv 549587.\ncanada c series i 22034685. 98007 21595528\n 119100481. 19043 141780635\n 80137915. 07110 85835549\n cemea 36749698. 95101 34949123\n usa common stock 131592008 shares-owned subsidiaries.\n b common stock 123525418 shares.\n issued 51844393 shares c ii common stock $ 44 per share subscription receivable visa.\n temporary equity balance sheet 30 2008.\n 446600000 shares common stock net price $ 42. 77. discounts commissions $ 1. 23 share.\n net proceeds $ 19. 1 billion."
}
{
    "_id": "dd4b8a39c",
    "title": "",
    "text": "marathon oil corporation financial statements sale-leaseback slab caster united states steel fairfield works facility alabama.\n primary obligor.\n obligations.\n amortizing financing final maturity 2012.\n lease equipment steel clairton works facility pennsylvania.\n primary obligor.\n.\n amortizing final maturity 2012.\n marathon oil corporation 805 million dollar revolving term credit facility secured assets financial covenants leverage interest coverage.\n 2008 balance repaid facility terminated.\n senior secured notes.\n.\n guarantee principal interest.\n obligations december 31 2008 $ 126 million assets construction leases.\n reflect future minimum lease obligations $ 209 million.\n payments long-term debt 2009 2013 $ 99 million 98 million 257 million 1487 million 279 million.\npayments by united states steel $ 15 million $ 17 million $ 161 million $ 19 million zero.\n change control debt obligations $ 669 million at december 31 2008 due payable.\n note 17 interest rate.\n issued $ 700 million 6. 5 percent maturity february 15 2014 $ 800 million 7. 5 percent 15 2019.\n payable semi annually august 15 2009.\n.\n retirement obligations 2008 2007.\n retirement obligations january 1 $ 1134 $ 1044\n liabilities\n settled\n revisions estimates\n deconsolidation\n retirement obligations december 31 $ 965 $\n note 7.\n $ 2 $ 3 million short-term at december 31 2008 2007."
}
{
    "_id": "dd4c4f3d6",
    "title": "",
    "text": "compensation plan approved holders.\n employee stock purchase plan 2005 director stock plan 2005 annual meeting.\n mergers cbot assumed equity plans.\n shares cbot equity compensation plan approved merger transactions.\n number securities issued options weighted-average price securities remaining future equity compensation plans.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n. 5156223 equity compensation plans not approved holders.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n securities issued options weighted-average exercise price securities remaining future issuance\n compensation plans approved holders.\n not approved.\n.\nrelationships transactions director independence cme group proxy statement business relationships 201d governance 2014director independence incorporated.\n 14.\n principal accountant fees services cme group proxy statement 201caudit committee disclosures fees policy approval audit non-audit services incorporated."
}
{
    "_id": "dd4ba398c",
    "title": "",
    "text": "stockholders 2019 equity derivative instruments activity net tax non-owner changes equity consolidated statements years december 31 2008 2007 2006.\n 2007\n balance january 1 $ 2014 $ 16\n fair value -9 -6 ( 6 75\n reclassifications earnings -61 (\n balance december 31 $ -7 ( 2014\n investment foreign operations 31 2007 hedges foreign currency.\n 2006 entered zero-cost collar derivative protect price fluctuations. million shares sprint nextel.\n second quarter 2006 received 1. 9 million shares embarq corporation.\n derivative adjusted.\n not hedge.\n. recorded net gain $ 99 million year december 31 2006 consolidated statements.\n 2006 sprint nextel derivative terminated settled cash.6 million shares sprint nextel converted sold.\n received $ 820 million settlement derivative sale. million.\n loss $ 126 million sale remaining.\n recorded net gain $ 99 million derivative.\n instruments include cash equivalents sigma fund investments short-term investments accounts long receivables payable accrued liabilities derivatives financing commitments.\n derivatives recorded balance sheets fair value.\n instruments long-term debt carried at cost.\n fair value long term debt december 31 2008 $ 2. 8 billion carrying value $ 4. 1 billion.\n not indicative.\n-for-sale equity securities portfolio value $ 128 million cost basis $ 125 million net unrealized loss $ 3 million.\n held trading.\n"
}
{
    "_id": "dd4c4a2c8",
    "title": "",
    "text": "compares shareholder return common stock standard 500 composite stock index industrials consumer durables index 2007 2012 closing price common stock $ 16. 66.\n assumes investments $ 100 2007 common stock indices reinvestment dividends.\n graph 2007 2008 2012 s&p 500 index consumer durables apparel index value $ 100 investment 2007 common stock 500 durables apparel reinvestment dividends.\n $ 55. $ 71. 67.\n s&p 500 index $ 63. $ 79. $ 91. $ 93. $ 108.\n s&p industrials index $ 60. $ 72. 92. 91. 105.\n&p consumer durables apparel index $ 66. $ 90. 118. 127. $ 154.\n2007 authorized purchase 50 million shares stock.\n 2012 repurchase 24 million shares.\n first quarter 2012 repurchased retired one million $ 8 million 2012.\n purchased since march 2012."
}
{
    "_id": "dd4bfe9b8",
    "title": "",
    "text": "december 30 2017.\n millions due less 20133 years\n operating lease obligations $ 1245 $ 215 $ 348 $ 241 $ 441\n capital purchase 12068 9689 2266 113 2014\n 2692 1577 1040\n tax 6120  490  979 3672\n long-term debt 42278 1495 5377 8489 26917\n 1544 799 422 190 133\n $ 65947 $ 14265 $ 10432 $ 10067 $ 31183\n 12068 9689 2266-term debt 1495 26917 purchase obligations construction purchase property equipment.\n not recorded liabilities balance sheets december 30 2017 goods title.\n obligations licenses agreements non-contingent funding obligations.\ntax obligations future cash payments tax reform 2017 transition tax foreign earnings.\n income taxes financial statements.\n amounts represent principal interest cash payments debt obligations anticipated interest payments not recorded.\n obligations classified maturity date.\n future settlement debt cash payments.\n 5 amounts future cash payments long liabilities short-term.\n derivative instruments excluded represent amounts.\n 6 total excludes contractual obligations short-term long-term debt obligations.\n expected timing payments estimated current information.\n amounts receipt changes amounts.\n purchases agreements enforceable legally binding terms quantities price provisions timing transaction.\n obligations cancellation provisions amounts limited non-cancelable portion minimum cancellation fee.\npurchase raw materials entered agreements minimum prices quantities market future purchasing requirements.\n uncertainty future market non-binding obligations excluded table.\n purchase orders based manufacturing needs fulfilled short.\n purchase orders represent authorizations purchase binding agreements.\n contractual obligations contingent achievement milestones excluded.\n milestone-based contracts capital equipment.\n not obligations until milestone met.\n future milestones additional payments approximately $ 2. 0 billion.\n majority restricted stock units shares common stock issued net minimum withholding requirements taxing authorities.\n obligation pay excluded contingent employment.\n amount obligation unknown based market price common stock.\n"
}
{
    "_id": "dd4c1938a",
    "title": "",
    "text": ".\n management financial condition results based consolidated financial statements welltower inc.\n.\n accounting principles.\n annual report form 10-k.\n factors 2014 business risk factors.\n welltower.\n s&p 500 toledo ohio transformation health care infrastructure.\n invests seniors housing operators post acute providers health systems real estate infrastructure care wellness.\n real estate investment trust owns interests properties markets united states. canada united kingdom. seniors housing post-acute communities outpatient medical properties.\n planning development property management services single-source solution acquiring developing managing repositioning monetizing real estate assets.\n table consolidated portfolio year december 31 2017 type property percentage.\n 43. 3%.\n seniors housing 39. 5%.\noutpatient medical 384068 17. 2%. ) 270\n $ 2231178 100. 0%. % ) 1286\n consolidated excludes investments unconsolidated entities.\n joint venture minority partner 100% venture amount.\n non-gaap financial measures.\n objectives protect stockholder capital enhance value.\n pay cash dividends increase dividend payments income portfolio growth.\n invest seniors housing health care real estate diversify investment portfolio property type location.\n revenues lease rentals resident fees interest loans.\n liquidity distributions obligors rent interest payments profitability.\n difficulties results liquidity financial condition.\n monitor investments.\n asset management financial statements data obligor partner creditworthiness inspections covenant compliance.\n property management division monitors outpatient medical portfolio tenant relations"
}
{
    "_id": "dd4c545b6",
    "title": "",
    "text": "weighted-average grant value altria group.\n restricted deferred stock 2014 2013 2012 $ 53 $ 49 million $ $ 36. 75 $ 33. 76 $ 28. 77 per share.\n total fair value.\n 2012 $ 86 million $ 89 million $ 81 million.\n.\n granted options since 2002 no options since 29 2012.\n total value options 2012 insignificant.\n.\n earnings calculated.\n 2014\n net earnings altria group. $ 5070 $ 4535 $ 4180\n distributed earnings unvested restricted deferred shares\n basic diluted $ 5058 $ 4523 $ 4167\n-average\n earnings.\n5070 4535 4180 earnings unvested deferred shares diluted 5058 4523 4167 shares 1978 1999 2024 2012 no stock options.\n antidilutive options.\n altria group.\n statements. 2/25/15"
}
{
    "_id": "dd4bd25ac",
    "title": "",
    "text": "part ii item 5.\n market registrant common equity stockholder matters issuer purchases equity securities.\n series a b c traded nasdaq global select market 201d symbols 201cdisca 201d 201cdiscb 201cdisck.\n table high low sales prices per share! finance.\n c high low fourth quarter 23. 73 16 26 22 third quarter 27. 27 19 second quarter 29. 29 24 first quarter 29. 26 29 27 28 fourth quarter 29. 28 third quarter 26. second quarter 29. 23 first quarter 29. 24 29 34 24 february 21 2018 approximately 1308 75 1414 record holders series a b c.\n not include shareholders banks brokerage houses institutions include each institution one shareholder.\nnot paid cash dividends series a b c no intention.\n payment cash dividends determined by board directors after earnings financial condition credit facility restrictions dividends.\n table repurchases common stock three months ended december 31 , 2017 millions per share amounts.\n series c shares purchased average paid per share shares purchased plans approximate dollar value shares october 1  2017 - 2014 november 1 amounts fees commissions costs repurchases.\n stock repurchase program management authorized to purchase common stock open market prevailing prices accelerated stock repurchase agreements subject to stock price business market conditions.\n authorization expired october 8 , 2017 not repurchased shares common stock since.\n funded may fund stock repurchases through cash debt.\nfuture authorization fund stock repurchases through revolving credit future financing transactions.\n no repurchases series a b 2017 series c three months ended december 31 2017.\n company announced stock repurchase program august 3 2010.\n agreement with advance/newhouse to repurchase quarterly series c-1.\n months december 31 2017.\n no planned repurchases series c-1 first quarter 2018 no a c three months december 31 2017.\n cumulative shareholder return a b c compared with companies 500 stock index peer group.\n viacom.\n.\n assumes $ 100 invested december 31 2012 in series a s&p 500 index peer group companies including reinvestment dividends years ended 2013 2014 2015 2016 2017.\n31.\n 100. 139. 42 106. 23 82. 27 84. 53 69.\n 100. 144. 61 116. 45 85. 91. 70 78.\n 100. 143. 35 115. 28 86. 22 91. 56 72.\n 100. 129. 60 144. 36 143. 31 156. 98 187. 47\n 100. 163. 16 186. 87 180. 10 200. 65 208."
}
{
    "_id": "dd4c492f6",
    "title": "",
    "text": "unit awards 2010 2009 hartford issued 2005 stock plan.\n settled shares cash units.\n economic value identical. settlement cash equal hartford 2019s share price multiplied units awarded.\n cash remeasured period until settlement.\n awards 2009 vested three year period.\n graded cliff vesting units.\n graded vesting attribution method expense period.\n three-year grant annual vesting three sub-grants third.\n first three.\n no restricted units awarded 2013 2012.\n december 31 2013 2012 27 thousand 832 thousand units outstanding.\n deferred stock unit plan july 31 2009 authorized hartford deferred stock unit plan october 22 2009 amended.\n rights cash payments value shares stock.\ndeferred stock unit plan two award types deferred restricted units.\n units earned over year pay periods.\n credited participant account quarterly market price company common stock fully vested.\n deferred units credited prior january 2010 paid after two years grant date.\n units after paid three installments after first second third anniversaries grant.\n restricted units incentive compensation vest over three years subject to forfeiture.\n plan emergency economic stabilization act 2008 compensation corporate governance rule.\n treasury 2009.\n no deferred stock units awarded in 2013 or 2012.\n summary status non-vested awards december 31 2013 non-vested restricted units weighted-average grant-date fair value.\n.\n.\nforfeited.\n non-vested end year 2014\n stock 2013 hartford compensation 2010 awards non-public subsidiary stock.\n recognized $ 1 31.\n employee vesting noncontrolling equity interest.\n selling stock discretion repurchase.\n stock classified equity not mandatorily redeemable.\n hartford financial services group.\n financial statements.\n stock compensation plans"
}
{
    "_id": "dd4be623c",
    "title": "",
    "text": "maintained strong financial position 2018 30 consolidated balance sheet included $ 2791.\n access commercial paper markets cash flows operating financing meet liquidity needs.\n 30 $ 995. foreign cash $ 2791.\n earnings foreign subsidiaries affiliates.\n income tax repatriation.\n foreign withholding taxes.\n investment plans outside. intent reinvest majority foreign cash additional taxes.\n note 22 income taxes.\n cash flows from operating investing financing activities summarized.\n cash 2018 2017 2016\n operating activities $ 2554. 7 $ 2534. 1 $ 2258. 8\n investing activities -1649. 1649. -864. 864\n financing -1359. 1359. -860.\n 2018 cash $ 2554. 7.\n income continuing operations $ 1455.adjusted depreciation amortization deferred income taxes tax act undistributed earnings unconsolidated share-based compensation noncurrent capital lease receivables.\n adjustments $ 131. $ 54. impact intercompany transactions.\n instruments.\n cross currency swap $ 54. excess pension expense $ 23.\n cash $ 265. payables accrued liabilities inventories trade receivables offset.\n $ 277. decrease customer advances $ 145. sale equipment 67.\n purchase helium molecules.\n noncash impact.\n.\n $ 123. contracts activities $ 2534.\n operations $ 1134. goodwill intangible asset impairment charge $ 162. equity investment impairment charge $ 79. write-down long-lived assets restructuring $ 69.\n5 cost reduction asset actions 8 equity 10 goodwill 11 intangible assets consolidated statements.\n adjustments $ 165. 4 tax positions value foreign exchange contracts pension contributions.\n working capital accounts $ 48. payables accrued liabilities.\n increase payables liabilities $ 163. 8 timing differences customer advances $ 52. sale equipment.\n $ 124. 7 exchange contracts.\n $ 154. 0 income taxes.\n $ 73. 6 timing differences."
}
{
    "_id": "dd4baab10",
    "title": "",
    "text": "entergy mississippi.\n net wholesale revenue variance due exit 2015.\n reserve equalization revenue variance revenue fuel expenses gas power expenses regulatory charges.\n analysis change net revenue 2015 2014.\n.\n 2014 net revenue $ 701.\n volume/weather.\n retail electric price.\n wholesale revenue.\n transmission equalization.\n reserve equalization.\n.\n 2015 net revenue $ 696.\n volume/weather variance due increase 86 gwh 1% electricity usage favorable weather residential commercial sales.\n retail electric price variance $ 16 million annual increase revenues 2015 mpsc order june 2014 rate case increase energy efficiency rider decrease storm damage rider.\n realignment costs base rates.\n note 2 financial statements.\nnet wholesale revenue variance due to customer contract termination october transmission equalization revenue entergy mississippi from companies planning operating bulk transmission facilities.\n equalization variance attributable realignment february 2015.\n revenue 2014 minimal 2015.\n entergy mississippi exited system agreement november 2015.\n note 2 financial statements.\n reserve equalization revenue mississippi from companies maintaining electric generating capacity.\n variance attributable realignment 2015.\n 2014 minimal 2015.\n"
}
{
    "_id": "dd4b9c948",
    "title": "",
    "text": "generated revenues $ 3. 0 billion oibda $ 848 million 2016 47% 35% 35 % revenues oibda.\n international networks segment national pan-regional networks brands distribution platforms.\n generates every pay-tv market centers london warsaw milan singapore miami.\n brands discovery channel animal planet tlc id science channel turbo. eurosport real time dmax discovery kids.\n 2016 operated 400 feeds 40 languages customized.\n networks middle east germany norway sweden expansion.\n fta networks generate revenue.\n penetration growth rates vary.\n pay-tv.\n distribution platform 37 networks 13 networks 220 countries territories.\n distribution platforms local markets commercial agreements.\nglobal networks operate networks internationally brands eurosport leading sports entertainment provider brands  2 viewers europe asia digital.\n viewing subscribers december 31 2016 eurosport 133 million 2 65 million eurosportnews 9 million.\n telecasts sporting events local pan-regional winter sports tennis tour de france home grand slam tennis.\n local sports rights bundesliga motogp.\n invested exclusive localized rights.\n acquired exclusive broadcast rights olympic games 2018 2024. 3 billion $ 1. 5 billion.\n exclude france russia.\n eurosport pay-tv digital platforms.\n november 2 2016 long-term agreement joint venture partnership bamtech bamtech europe digital technology services.\n dmax reached 103 million viewers.\n men 2019s factual entertainment channel asia europe.\n discovery kids 121 million viewers.\n2022 discovery kids leading children's network latin america asia.\n international networks segment owns operates regional television networks subscribers viewers pay fta broadcast as december 31  2016 service international subscribers/viewers ( millions ).\n nordic broadcast networks\n frisbee\n tv\n discovery hd world\n discovery history\n discovery world\n discovery espanol.\n familia.\n subscribers corresponds nordic broadcast networks sweden norway finland denmark retransmission agreements pay-tv providers.\n include kanal 5 9 11.\n.\n source revenue international networks fees operators linear networks.\n cable dth satellite service providers.\n international television markets vary development.\n.advanced digital television markets others analog varying investment channel digital technologies.\n long-term distribution relationships renew contracts annually.\n distribution revenue international networks subscribers rates market demand content.\n revenue advertising networks distribution platforms.\n.\n advertising revenue factors development pay television markets subscribers viewership demographics popularity programming sell commercial time multiple platforms.\n advertising sales business in-house teams external sales.\n revenue growth subscriber growth localization strategy shift advertising spending channels"
}
{
    "_id": "dd4b91b88",
    "title": "",
    "text": ".\n rentals leases sales office facilities distribution centers research manufacturing facilities vehicles equipment.\n rental expense $ 239 million 2017 $ 221 million 2016 2015.\n future minimum payments non-cancelable terms one year.\n 131\n 2020\n 2021\n 2022\n leases vehicles non-cancelable one year month-to-month renewal options.\n.\n payments $ 62 million 2018.\n leases guaranteed residual values proceeds sale.\n.\n research development expenditures improvements.\n $ 201 million 2017 $ 189 million 2016 $ 191 million 2015.\n customer sponsored research 2017 2016 2015.\n.\n contingencies workers compensation automobile health care environmental lawsuits.\n income taxes.\n contractual obligations lease commitments.\n liabilities contingent loss.\nestimate loss company records most probable minimum no better.\n discloses contingent liability not probable estimable possibility material loss incurred.\n company policies varying deductibility property casualty losses.\n insured for losses excess deductibles recorded liability offsetting receivable.\n self-insured for health care claims employees.\n determines liabilities actuarial basis.\n subsidiaries party to lawsuits claims environmental actions.\n antitrust commercial patent infringement product liability wage hour lawsuits obligations effects chemical substances.\n established accruals for lawsuits claims environmental matters.\n risk material loss excess amounts accrued.\n litigation uncertain unfavorable rulings no certainty incur charges excess recorded liabilities.\n future adverse ruling charges results cash flows.\ncompany believes future charges legal claims financial position.\n participating environmental assessments 45 locations majority. environmental liabilities accrued costs.\n insurance reimbursements not anticipated accruals liabilities."
}
{
    "_id": "dd496ca2e",
    "title": "",
    "text": "december 31 2017 company state income tax credit carry-forwards $ 20 million 2018 2020.\n deferred tax asset $ 16 million federal benefit valuation allowance $ 7 million.\n net operating loss carry-forward $ 39 million expires 2027.\n deferred tax asset $ 3 million federal benefit full valuation allowance.\n state loss carry-forwards immaterial deferred tax balances expire 2026 2036.\n.\n-term.\n 31 2017 2016\n 15 2021.\n 2025.\n 2027.\n mississippi economic development revenue bonds 2024.\n gulf opportunity zone industrial development revenue bonds 2028. 55%. 55 %\n unamortized debt\n long-term debt\n 2017 terminated second agreement new agreement third-party lenders.\ncredit facility includes revolving $ 1250 million five years november 2017.\n credit subfacility $ 500 million.\n variable interest rate borrowings london interbank spread company credit rating. 125%. 500%.\n commitment fee rate unutilized balance company leverage ratio.\n december 31 2017. 30%.\n contains affirmative negative covenants financial covenant maximum leverage ratio.\n subsidiaries guarantors.\n 2015 used cash prior credit facility $ 345 million loans.\n 2017 $ 15 million letters of credit issued undrawn remaining $ 1235 million unutilized.\n unamortized debt issuance costs $ 11 million $ 8 million 2016.\n issued $ 600 million unregistered. senior notes due december 2027 repurchase 5. senior notes due 2021 2017 redemption.\n2015 issued $ 600 million unregistered 5.%. notes due 2025 proceeds repurchase 7. 125%. notes 2021 2015 tender offer.\n interest payable semi-annually.\n. notes limit create liens sell assets consolidations mergers.\n unamortized debt costs $ 15 million $ 19 million december 31 2017 2016."
}
{
    "_id": "dd4ba163c",
    "title": "",
    "text": "information pnc common stock prices dividends statistical information item 8 report.\n compensation plans pnc equity securities authorized december 31 2015 table 201capproval 2016 incentive award plan 2013 item 3 201d proxy statement 2016 annual meeting item 12.\n stock transfer agent registrar computershare trust company.\n 250 royall street canton 800-982-7652 shareholders contact phone number dividends shareholder services.\n common stock performance graph item 5.\n.\n.\n repurchases pnc common stock fourth quarter 2015 table thousands total shares purchased average paid maximum number shares.\n october 1 2013 31 2528 $ 89.\n november 1 2013 1923 $.\n december 1 2013 31 1379 $.\n 5830 $.\npnc common stock employee benefit plans forfeitures stock awards payroll tax withholding.\n 12 benefit 13 compensation plans statements.\n march 11 2015 board approved new stock repurchase program 100 million shares pnc common stock effective april 1 2015.\n repurchases open market privately negotiated transactions market economic conditions alternative uses credit ratings contractual regulatory limitations supervisory assessment capital.\n 2015 capital plan share repurchase $ 2. 875 billion.\n repurchases employee benefit plans.\n fourth quarter 2015 repurchased 5. 8 million shares common stock open market average price $ 92. 26 per share aggregate repurchase price $. 5 billion.\n pnc financial services group.\n 2013 form 10-k"
}
{
    "_id": "dd4bb227a",
    "title": "",
    "text": "eastman notes financial statements stock option awards granted non-employee directors employees eligibility requirements.\n single annual option grant fourth quarter compensation management committee occasional grants.\n exercise price equal closing price company stock.\n term ten years vesting periods three years.\n vesting end vesting period.\n.\n option awards market price traded option pricing model.\n fair value options market.\n financial pricing model value.\n model fair value.\n weighted average assumptions options 2006 2005 2004.\n volatility rate 21. 40%. 40 %. 90%. 90 %.\n dividend yield 3. 24%. 24 %. 29%. %. 80%. %\n risk-free interest rate 4. 62%. 62 %. 48%. 46%. 46 %\n forfeiture rate. 75%.75 %\n expected term years 4.\n adoption sfas.\n 123 company calculated expected term stock options six years.\n fourth quarter 2005 analyzed grant transactions ten year term.\n analysis year.\n weighted average expected term 4. years 2006 impact option swap reload grants shorter.\n volatility rate derived common stock volatility.\n weekly high closing stock price.\n derived formula.\n dividend yield derived formula fair market value common stock.\n average risk-free interest rate derived united states department treasury interest rates daily yield curves.\n adoption sfas.\n 123 estimate forfeitures recognized share-based compensation expense.\n sfas.\n 123 estimated forfeitures considered compensation expense.\n rates vary composition characteristics award participants.\n forfeitures awards range 0. 75 percent to.estimated forfeitures. 75."
}
{
    "_id": "dd49775fa",
    "title": "",
    "text": "obligations future payments debt december 31 2005 millions 2006 2010.\n debt $ 1181  $ 570 $ 308 2330 1534 6281\n lease obligations 172 144 119\n purchase obligations 3264  280 240 204 1238\n $ 4617  $ 1107 $ 707 $ 2646 $ 1801 $ 7657\n 2006 amount includes $ 2. 4 billion contracts pulpwood logs wood chips.\n obligations take-or-pay raw material energy contracts.\n services.\n plan uncoated papers packaging.\n shareholder return realignments cost improvements options sale spin-off.\n quarter 2005 sale. 5%. interest harvey.\nbusinesses under re- view include 2022 coated supercalendered papers coated groundwood mill assets in brazil beverage packaging business pine bluff mill kraft papers roa noke rapids north carolina mill arizona chemical wood products business company 6. 5 million acres.\n forestlands.\n distributed bid package information for businesses.\n timing evaluation by business decisions during 2006.\n use proceeds from future sales factors cash committed to free cash flow 2006 pay debt return value to shareholders high-return investments.\n accounting policies financial statements requires paper estimates recording assets liabilities revenues expenses.\n estimates require judgments.\n accounting policies.\n contingencies.\n impairment disposal long-lived assets.\n intangible assets.\n201cemployers 2019 pensions 201d.\n postretirement benefits amended.\n 132 pension postretirement benefits.\n income taxes. impact accounting policies contingent liabilities.\n legal environmental recorded probable incurred impaired loss estimated.\n judgments projected outcomes loss historical experience recommendations legal counsel.\n note 10 statements.\n reserves future claims settlements siding roofing judgments claims rates amounts.\n third party consultant estimates.\n liabilities environmental evaluations environmental regu lations estimates future remediation alternatives costs.\n determines evaluation.\n impairment long-lived assets goodwill.\n carrying amount exceeds fair value not recoverable.\n goodwill impairment exceeds fair value.\n assessments impairments carrying value"
}
{
    "_id": "dd4c28ca4",
    "title": "",
    "text": "note 10 goodwill intangible assets.\n estimated rbc bank ( usa ) revenue net income pnc consolidated income statement 2012 $ 1. 0 billion $ 273 million.\n rbc bank transaction 2012 records bank maintained operations integrated pnc.\n revenue earnings reflect management estimate.\n table unaudited pro forma information 2012 2011 rbc bank acquired january 1  2011.\n combines results company results adjustments fair value adjustments.\n not indicative acquisition january 1 2011.\n no adjustments-temporary impairment losses sale securities.\n changes credit losses loan assets fair value.\n business model changes reflect adjustments accounting policies rbc bank pnc.\n pnc expects operating cost savings business synergies revenue growth acquisition not reflected pro forma amounts.\nresults differ unaudited.\n rbc bank pnc results.\n 31 2012 2011\n revenues $ 15721 15421\n net income\n recognized $ 267 million integration charges 2012.\n $ 42 million 2011.\n.\n smartstreet divested deposits assets smartstreet union bank.\n smartstreet nationwide business $ 1 billion assets deposits september 30 2012.\n gain sale reduction goodwill deposit intangibles $ 46 million $ 13 million.\n march consolidated income statement.\n acquired 27 branches northern atlanta flagstar bank.\n assets $ 211. million. million cash $ 24. million fixed assets $ 18. million goodwill intangible assets.\n $ 210. million deposits.\n no deposit premium no loans acquired.\nconsolidated income statement branch activity december 9 2011 acquisition.\n acquired 19 branches greater tampa florida subsidiary.\n assets acquired $ 324. 9 million $ 256. 9 million cash $ 26. million fixed assets $ 42. million goodwill intangible assets.\n assumed $ 324. 5 million deposits.\n $ 39. million deposit premium paid no loans acquired.\n income statement activity june 6 2011 acquisition.\n sold.\n for $ 2. 3 billion cash.\n pretax gain $ 639 million.\n income discontinued operations net taxes.\n pnc transitional services gis until systems conversion activities.\n.\n"
}
{
    "_id": "dd4b96a84",
    "title": "",
    "text": "income taxes increased $ 1791 million 2012 due pretax income operations resumption sales libya.\n analysis income tax rates 2011.\n statutory rate operations before 35% 35 %\n foreign operations\n reinvestment assertion\n adjustments valuation\n tax law changes\n income tax rate operations 74% 74 % 61% 61 % )\n influenced geographic sources magnitude.\n allocated pretax segment income items.\n difference unallocated items.\n foreign operations tax rate increased due resumption sales libya first quarter 2012 statutory rate 90 percent.\n recorded $ 716 million deferred.\n tax undistributed earnings $ 2046 million foreign.\n foreign tax credits $ 488 million.\n reduced valuation allowance foreign tax credits $ 228 million recognizing deferred.\n tax undistributed earnings.\nvaluation allowances 2012 2011 increased foreign tax credits realize.\n benefits foreign taxes.\n item 8.\n statements note 10 taxes.\n discontinued operations net tax downstream business 2011 angola business 2013.\n item 8.\n statements notes 3 6."
}
{
    "_id": "dd4bb5d12",
    "title": "",
    "text": "augusta georgia mill 2 million.\n packaging.\n 2014 2013\n $ 2940 3403 3435\n profit\n packaging sales $ 1. 9 billion 2015 2. billion 2014. billion 2013.\n profits $ 81 million 91 million conversion riegelwood mill 100% pulp production carolina coated bristols plant closure 92 million 2014 63 million 2013.\n coated paperboard sales volumes lower weaker market demand.\n 77000 tons downtime 41000 tons.\n sales price.\n costs decreased energy chemicals wood increased.\n maintenance downtime 10 million.\n operating costs inflation.\n foodservice sales volumes increased demand.\n sales margins lower resin costs.\n operating costs distribution costs.\n 2016 paperboard sales volumes lower exit coated bristols.\n sales price.\n input costs higher wood chemicals energy.\n maintenance downtime costs $ 4 million outage augusta mill first quarter.\n foodservice sales volumes lower.\n margins improve.\n operating costs.\n sales 2015 $ 319 million 365 2014 380 million 2013.\n operating profits $ 87 million $ 91 100.\n sales volumes increased decreased russia.\n margins improved higher price.\n decreased.\n input costs lower higher.\n first quarter 2016 sales volumes stable.\n price higher russia europe.\n input costs flat operating costs increase.\n sold 55% equity ip-sun.\n profits.\n $ 682 million $ 1. billion 2014 $. 2013.\n profits $ 193 million $ 5 million 2014 $ 2 million 2013.\n volumes lower over-supplied market competitive pressures.\n margins.\n costs freight costs.\noctober 13 2015 company sale 55% interest asia paperboard shandong sun holding group.\n rmb 149 million $ 23 million.\n third quarter 2015 current book value exceeded estimated $ 23 million.\n 2015 loss pre-tax impairment $ 174 million $ 113 million.\n pre-tax charge $ 186 million long-lived assets estimated value.\n fourth quarter 2015 sale deconsolidation ip-sun jv adjustments impairment $ 12 million.\n pre-tax losses 2015 2014 2013 $ 19 million $ 12 million $ 8 million.\n"
}
{
    "_id": "dd4983832",
    "title": "",
    "text": "aes corporation financial statements 2014 declared quarterly stock dividend $ 0. 13 per share payable february 15 2018 shareholders february 1.\n stock repurchase program 2014 shares repurchased 2017.\n repurchases 2010 2017 154. million shares cost $ 1. 9 billion average price per share $ 12.\n $ 246 million repurchase.\n stock repurchased treasury stock.\n 155924785 156878891 shares treasury stock december 2017 2016.\n restricted stock units employee benefit plans treasury stock.\n retired common stock repurchased since 2010.\n.\n geographic regions.\n quarter 2017 asia sbus merged eurasia.\n reporting five.\n five operating reportable segments.\n prior results revised reflect new segment reporting structure.\nfebruary 2018 announced reorganization simplify portfolio optimize cost structure reduce carbon intensity.\n evaluating impact reorganization segment reporting structure.\n corporate overhead costs not associated five segments included. intercompany charges self-insurance premiums eliminated consolidation.\n uses adjusted ptc primary segment performance measure.\n pre-tax income operations corporation excluding unrealized derivative transactions foreign currency gains dispositions acquisitions plant closures losses impairments early retirement debt costs major restructuring program workforce reduction relocations office consolidation.\n adjusted ptc includes net equity earnings affiliates after-tax gains losses excluded consolidated entities.\n reflects business performance relevant internal evaluation financial performance.\n large transparent investors impact results.\nrevenue adjusted ptc before inter-segment eliminations intercompany transactions management fees write-off balances.\n intra-segment activity eliminated.\n consolidated results.\n tables financial information segment periods.\n december revenue 2017 2016 2015\n $ 3229 $ 3429 $ 3593\n 2710 2506\n 2448 2172\n 1590 1670\n 35\n eliminations\n revenue $ 10530 $ 10281 $ 11260"
}
{
    "_id": "dd4bafc78",
    "title": "",
    "text": "45 100 ball corporation subsidiaries financial statements.\n acquisitions latapack-ball embalagens.\n 2010 paid $ 46. 2 million 10. 1 percent interest brazilian beverage packaging joint venture.\n increased interest 60. 1 percent brazilian market.\n variable interest entity consolidation primary beneficiary.\n operates plants tres jacarei salvador brazil asia.\n gain $ 81. 8 million equity investment.\n table values assets acquired liabilities assumed non controlling interest investment.\n based market income.\n cash $ 69.\n assets 84.\n property plant equipment 265.\n goodwill 100.\n intangible asset 52.\n liabilities.\n long-term liabilities.\n assets acquired $ 345.\n noncontrolling interests.\n. intangible asset life 13. 4 years.\nintangible asset amortized.\n acquired $ 62 million.\n sales $ 128 million 2009 leading north american manufacturer aluminum slugs cans bottles tubes extrusions.\n operates two plants canada 180 people.\n acquisition not material food household products packaging.\n guangdong jianlibao group. 2010 acquired 65 percent interest metal beverage can plant.\n 35 percent plant since 1992.\n acquired 65 percent interest $ 86. 9 million debt long-term supply agreement jianlibao.\n equity earnings $ 24. 1 million 35 percent equity investment.\n.\n acquisition not material metal beverage packaging."
}
{
    "_id": "dd4b912fa",
    "title": "",
    "text": "new orleans.\n 2007 2006 revenue fuel expenses gas power expenses regulatory charges.\n analysis change net revenue 2007 2006.\n.\n 2006 net revenue $ 192.\n fuel recovery.\n volume/weather.\n revenue.\n wholesale revenue.\n.\n 2007 revenue $ 231.\n fuel recovery variance grand gulf costs 2006.\n city council approved recovery.\n volume/weather variance increase electricity usage territory 2007.\n customer losses hurricane katrina.\n 132000 electric 86000 gas december 31 2007 95000 65000 2006.\n retail electricity usage increased 540 gwh 2006 14%.\n rider revenue variance due storm reserve rider 2007 settlement agreement 2006.\n reserve $ 75 million ten-year restricted escrow account.\n settlement agreement note 2 financial statements.\nnet wholesale revenue due more energy 2006 retail usage hurricane katrina.\n 2006 revenue includes sales entergy new orleans' output grand gulf hurricane operation maintenance expenses decreased storm-related debts $ 11 million $ 6. 2 million legal professional fees $ 3. 4 million employee benefit $ 1. 9 million gas operations higher labor material costs."
}
{
    "_id": "dd4b9b232",
    "title": "",
    "text": "interest-earning assets unearned income fair value adjustments discounts acquired loans yield financial.\n timing revenue on estimates judgments assumptions contractual terms.\n changes revenue products market conditions industry norms.\n residential commercial mortgage rights measure fair value.\n risk management strategy hedge changes fair value.\n fair value estimated cash flow valuation model value future net servicing cash flows mortgage loan prepayment rates discount rates servicing costs economic factors market conditions.\n assumptions valuation model reflect estimate factors.\n sales active market precise terms conditions sales not available.\n obtains opinions from independent parties.\n cash flow transactions.\n compares residential msrs value.\n ranges valuation adjustment.\n 2011 2010 residential msrs value not fallen outside brokers 2019 ranges.\nresidential msrs estimate fair value.\n commercial purchased loans sold servicing retained.\n trade active market precise terms conditions sales available.\n recorded fair value accounted lower amortized cost.\n evaluated impairment.\n mortgage servicing rights stratified type risk.\n fair value estimated internal valuation model.\n calculates future servicing cash flows revenue costs discount rates prepayment speeds.\n risk management strategies interest rates market factors.\n hedged with securities derivatives interest-rate swaps options futures contracts.\n.\n hedge relationships managed market conditions.\n commercial msrs hedged derivatives decline interest rates.\n selecting instruments judgment prepayment speeds.\n hedging results less predictable short protect economic value.\n inputs december 31 2011 tables.\n expected rates mortgage loan prepayments fair value.\nuses third-party model residential commercial loan prepayments.\n refined market conditions.\n future interest rates important valuation.\n utilizes market forward interest rates mortgage discount rates.\n derived current yield curve.\n interest consistent pricing capital markets instruments.\n changes forward curve volatility fair value estimate.\n residential mortgage servicing rights.\n $ $ 1033\n weighted-average life 3. 5\n prepayment rate 22. 10%. % 61%. 61 %\n 11. 77%. 77 %\n prepayment. 77%. changes prepayment rate reflect impact rates prepayment expectations model changes.\n pnc financial services group.\n 2013 form"
}
{
    "_id": "dd4bb2a5e",
    "title": "",
    "text": "realty trust financial statements.\n redeemable noncontrolling interests recorded carrying redemption value.\n changes charged capital.\n table noncontrolling interests.\n.\n balance december 31 2008 $ 1177978\n income 25120\n distributions -42451\n conversion units common shares\n adjustment 167049\n balance december 31 2009 $ 1251628\n income 55228\n distributions -53515\n conversion common shares\n adjustment 191826\n redemption d-12 units -13000\n balance december 31 2010 $ 1327974\n redemption value $ 1066974000 $ 971628000.\n interests exclude series g convertible preferred units d-13 cumulative units accounted liabilities vornado common shares.\nvalue units liabilities balance $ 55097000 $ 60271000 december 2010 2009."
}
{
    "_id": "dd4ba1ace",
    "title": "",
    "text": "income approach value asset liability based present cash flow economic life.\n amount duration cash flows considered market participant perspective.\n estimates pricing developmental effort operational performance aftermarket retention product life cycles material labor pricing factors.\n net cash flows adjusted uncertainties assumptions risk profile.\n adjusted future cash flows discounted to present value rate.\n projected cash flow discounted risk time value.\n market approach valuation uses prices market transactions.\n multiples.\n cost approach estimates value current cost replacing asset.\n estimated reproduction cost less loss due depreciation.\n purchase price allocation $ 2. 8 billion goodwill amortizable tax.\n assigned rms business.\ngoodwill recognized attributable revenue synergies integration products sikorsky costs consolidation intangible assets.\n determining value assets liabilities assumed requires judgments future cash flows long-term growth rates discount rates.\n flows analyses based future sales earnings cash flows market conditions budgets orders contracts labor agreements capital business plans performance.\n different estimates judgments results.\n 2015 financial results results november.\n reflect full year sikorsky.\n sikorsky generated net sales $ 400 million operating loss $ 45 million amortization adjustments.\n incurred $ 38 million non-recoverable transaction costs acquisition.\n.\n incurred $ 48 million costs issuing $ 7. billion november 2015 notes borrowings acquisition.\n financing costs recorded reduction debt amortized interest expense.\nfinancial information table sikorsky results 2015 2014.\n net sales $ 45366 $ 47369\n earnings 3534 3475\n earnings common share.\n diluted earnings share.\n data calculated accounting policies adjusting results sikorsky adjustments acquisition january 1 2014.\n adjustments additional amortization expense intangible assets interest expense short-term debt.\n"
}
{
    "_id": "dd497354a",
    "title": "",
    "text": "tower corporation subsidiaries financial statements customer-related intangibles $ 15. 5 million network location intangibles $ 19. 8 million.\n amortized 20 years.\n goodwill deductible tax.\n allocated international rental management segment.\n december 8 2011 agreement mtn group joint venture uganda.\n controlled company subsidiary holds 51% 51 % interest 49% 49 % interest.\n joint venture managed owns tower operations company uganda.\n 1000 communications sites mtn group subsidiary uganda.\n 29 2012 acquired 962 communications sites purchase price $ 171. 5 million.\n increased $ 173. 2 million.\n legal title sites transferred conditions mtn group.\n company purchase price consolidated operating results.\ntable summarizes preliminary allocation purchase price assets acquired liabilities assumed estimated value acquisition.\n non-current assets 2258\n property equipment 102366\n intangible 63500\n non-current liabilities\n assets acquired $ 160596\n goodwill\n customer-related intangibles $ 36. million network location intangibles $ 27. million.\n amortized 20 years.\n goodwill not deductible tax.\n allocated rental management segment.\n communications sites e-plus mobilfunk.\n.\n 2031 sites purchase price $ 525. million."
}
{
    "_id": "dd498cefa",
    "title": "",
    "text": "consolidated financial statements unrealized currency translation adjustments foreign balance sheets not net tax no deferred.\n income taxes undistributed earnings non-.\n subsidiaries reinvested indefinite.\n tax benefit currency translation adjustments 2011 2010 2009 $ 7 million  $ 8 million $ 62 million.\n tax benefit adjustment pension postretirement benefits $ 98 million $ 65 million $ 18 million.\n cumulative tax benefit $ 990 million $ 889 million.\n unrealized gain loss marketable securities $. million. million. 1 million.\n benefit unrealized gain derivatives $ 19 million $ 1 million $ 16 million.\n.\n employee savings plan covers.\n employees.\n company makes matching contributions.\n contributions 6% eligible participant compensation.\nparticipants covered by collective bargaining agreement company-matching contribution determined by.\n contribution 100% first two months 2009.\n suspended march 2009 june 2010 cost savings global recession.\n july 1 2010 company match reinstated 50% first 6% compensation employees.\n.\n january 1 2011 match increased to 75% first 6% compensation.\n contributions 2011 2010 2009 totaled $ 26 million $ 9 million $ 7 million.\n plan employee stock ownership plan.\n tax deductible dividends shares $ 20 million $ 24 million $ 28 million 2011 2010 2009.\n.\n earnings.\n royalty income\n net earnings equity affiliates\n gain on sale assets\n $ 177 $ 180\n.\ncompensation includes options restricted stock units contingent shares shareholder return.\n grants shares under ppg industries.\n incentive plan april 2011.\n shares for future grants 9. 7 million as december 31 2011.\n stock compensation cost $ 36 million $ 52 million $ 34 million 2011 2010 2009.\n income tax benefit $ 13 million $ 18 million $ 12 million.\n awards.\n ppg.\n employees granted options purchase common stock equal fair market value.\n exercisable six to 48 months after maximum term 10 years.\n issued from treasury stock.\n stock plan includes restored option provision options granted january 1 2003"
}
{
    "_id": "dd4be1020",
    "title": "",
    "text": "fixed-price purchase options in leases benefits not significant.\n maintain operate assets contractual obligations.\n no control over value leased assets.\n power direct activities control economic performance.\n obligation to absorb losses or right receive benefits not primary beneficiary consolidate vies performance fixed-price options.\n future minimum lease payments totaled $ 3. 6 billion december 31  2012.\n 16.\n leases locomotives.\n consolidated statements included $ 2467 million 966 million $ 2458 million  915 million depreciation for.\n charge to income depreciation.\n future minimum lease payments for operating capital leases-cancelable december operating capital leases.\n 2013 $ 525  $ 282\n 2014  466  265\n 2015 410  253\n 2016 375  232\n2017 339 243\n 2126 1166\n minimum leasepayments $ 4241\n interest -593 593\n value leasepayments $ 1848\n 94% capital lease payments locomotives.\n rent expense leases one month $ 631 million 2012 637 million 2011 $ 624 million 2010.\n variable rental expense lease term.\n contingent rentals sub-rentals significant.\n.\n commitments contingencies asserted claims subsidiaries.\n effect operations financial condition liquidity recorded liability.\n lawsuits environmental costs commitments contingent liabilities guarantees operations financial condition liquidity.\n injury cost cost incidents.\n actuarial analysis expense liability.\n federal employers 2019 liability act compensation work-related accidents.\n"
}
{
    "_id": "dd4bc04e2",
    "title": "",
    "text": "stanley consolidated financial statements 2014 table reconciliation unrecognized tax benefits 2013 2012 2011 millions.\n balance december 31 2010 $ 3711\n 412\n 70\n decreases -79\n decreases settlements -56\n statute limitations\n balance december 31 2011 $ 4045\n increase $ 299\n 127\n decreases -21\n decreases settlements -260\n decreases lapse statute limitations -125\n balance december 31 2012 $ 4065\n increase $ 51\n 267\n decreases -141\n decreases settlements -146\n balance december 31 2013 $ 4096\n continuous examination irs tax authorities japan.\n review irs appeals office tax years 1999 2013 2005.\n levels field examination new york state tax years 2006 2013 2008 2007 2009.\ncompany expects conclusion.\n tax authorities issues 2010.\n believes resolution tax financial condition resolution statements income effective income tax rate.\n established liability unrecognized tax benefits assessments.\n adjusts benefits more information event.\n evaluates likelihood assessments jurisdiction expiration statute limitations information.\n federal state unrecognized tax benefits released remeasured.\n income tax provision tax benefit $ 161 million $ 299 million 2013 2012.\n possible gross balance unrecognized tax benefits $ 4. 1 billion december 31 2013 may decrease 12 months completion"
}
{
    "_id": "dd4bb1c1c",
    "title": "",
    "text": "stock performance graph not 201csoliciting material securities exchange commission future filings securities act 1933 exchange act.\n compares shareholder return common stock standard 500 stock index amex airline index december 9 2013 31 2014.\n assumes $ 100 invested 2013 stock reinvestment dividends.\n historical not indicative future price performance.\n 12/9/2013/31/2013 12/31/2014\n american airlines group. $ 100 103 $ 219\n amex airline index\n s&p 500"
}
{
    "_id": "dd497fb38",
    "title": "",
    "text": "partners 2019 commodity price risk change ngls crude oil natural gas december 31 2008 excluding hedging normal operating conditions.\n 2019 condensate sales based crude oil.\n $ 0. 01 per gallon ngls net margin $ 1. 2 million $ 1. 00 per barrel decrease crude oil $ 1. million $ 0. 10 per mmbtu decrease natural gas $ 0. 6 million.\n effects demand price changes.\n processing spread ethane margins revenues natural gas deliveries ngl volumes.\n exposed commodity price risk ngls storage purchases.\n utilizes fixed-price forward contracts reduce earnings volatility.\n financial instruments ngl marketing activities.\n exposed risk natural gas pipelines collect.\nnatural gas consumed pipelines buy sell exposes to commodity price risk.\n december 31 2008 no hedges natural gas price risk.\n uses derivative instruments hedge gas purchases winter heating volatility.\n gains losses recoverable monthly purchased gas cost mechanism.\n exposed to commodity price risk from natural gas storage contracts asset management contracts index-based purchases sales.\n minimize volatility derivative instruments cash flow fair value hedges.\n exposed price risk fixed-price purchases sales with derivative instruments.\n recorded fair value.\n excluding $ 21. million net liabilities from derivative instruments hedges.\n fair value derivatives december 31 2007 $ 25171\n derivatives reclassified -55874\n new derivatives 236772\n changes 52731\nderivatives december 31 2008 $ 258800\n inject withdrawal periods april consistent business trategy.\n maturities $ 225. march 2009 $ 33. 9 march 2012 $. 1 march 2014.\n energy risk"
}
{
    "_id": "dd4c08d1e",
    "title": "",
    "text": "biomet holdings.\n subsidiaries 2018 report financial statements unsecured financing limitations consolidations mergers sales.\n covenants 2018 2016 2014 agreements indebtedness ebitda ratio 5. 0 to 1. through june 30 2017 4. 5 to 1. 0.\n credit rating below investment grade restrictions investments dividends.\n covenants 2018 2016 2014 agreements december 31.\n no borrowings outstanding multicurrency revolving facility.\n redeem senior notes payment principal make-whole premium accrued interest floating rate notes 2021 march 20 2019.\n redeem 2. 700%. 2020. 375%. 2021. 150%. 2022. 700%. 2023. 550%. 2025. 250%. 450%. 2045 make-whole premium maturity date.\nestimated fair value senior notes december 31 2018 $ 7798. million.\n japan loan a b $ 294. 7 million.\n carrying values.\n.\n value rates.\n interest rate swap agreements fair value hedges fixed-rate obligations due 2019 2021.\n hedges settled 2016.\n variable-to-fixed interest rate swap agreements cash flow hedges.\n.\n cross-currency interest rate swaps net investment hedges.\n excluded.\n.\n uncommitted credit facilities $ 55. million.\n december 31 2018 2017 average interest rate borrowings 3. percent 2. 9 percent.\n paid $ 282. million $ 317. 5 million $ 363. 1 million interest 2018 2017 2016.\n.\n income losses excluded net earnings.\n earnings.\naoci foreign currency translation adjustments unrealized gains losses investment hedges cash flow hedges amortization service costs benefit plans.\n adjustments reclassified net earnings sale liquidation investment foreign.\n gains losses cash flow hedges reclassified net earnings.\n defined benefit plans reclassified service periods.\n note 14.\n changes aoci foreign currency translation hedges defined benefit plan items.\n balance december 31 2017 $ 121. 5 -66. 5. -138. 2 -83. 83\n -135. 4 135. 68. -96.\n retained earnings -17. 4 -4. 42\n 23. 12. 35.\n december 31 2018 -31. 3 31 20 -177. -187. 4 187."
}
{
    "_id": "dd497d14e",
    "title": "",
    "text": "7a.\n disclosures market risk millions exposed to risks interest rates foreign currency balance sheet items.\n use derivative instruments manage risks.\n derivative instruments risk management tools not trading speculative.\n exposure risk fair market value cash flows debt obligations.\n majority debt 89% 89 % 91% 91 % ) december 31 2015 2014 bears interest fixed rates.\n debt variable interest rates 10% increase decrease not material interest expense cash flows.\n fair market value debt sensitive changes interest rates impact 10% change interest summarized.\n.\n -33. 34.\n.\n used interest rate swaps risk management.\n rate swaps outstanding december 31  2015.\n $ 1509. 7 cash equivalents marketable securities conservative short-term bank deposits securities.\ninterest income investments subject to domestic foreign interest rate movements.\n 2015 2014 income $ 22. 8 $ 27. 4.\n 100-basis-point increase interest rates income $ 15. cash equivalents securities impacted balances constant.\n translation transaction risks.\n.\n changes exchange rates affect revenues expenses.\n.\n primary currencies australian dollar brazilian real british pound euro.\n.\n dollar 10% operating income 4% 4 % currencies revenue expenses constant 2015.\n operations local currency.\n assets liabilities translated at exchange rates revenues expenses average exchange rates.\n translation adjustments recorded accumulated loss.\n foreign subsidiaries collect revenues pay expenses in currency.\n subsidiaries currencies other.\n assets liabilities susceptible to movements until final settlement.\ncurrency transaction gains losses included in office general expenses.\n review foreign exchange exposures use currency exchange contracts hedge fluctuations rates.\n enter contracts for speculative purposes."
}
{
    "_id": "dd4ba0214",
    "title": "",
    "text": "conduit assets origin.\n billions 2008 percent total assets\n united states $ 11. 46% 46 % 12. 14 42% 42 %\n australia. 30.\n britain. 97. 93\n spain. 71.\n italy. 66. 86\n portugal. 62. 70\n germany. 57.\n netherlands. 40. 55\n belgium. 29.\n.\n. 26\n conduit assets $ 23. 89 100% 100 % $ 28. 76\n conduits meet definition.\n not primary beneficiary record financial statements.\n no ownership provide subordinated financial support contractual arrangements.\n absorb credit losses $ 1. billion $ 1. 04 billion december 31 2008 2007.\nasset purchase agreements provide conduits commercial paper maturing commercial paper disruption market.\n commitment $ 23. 59 billion $ 28. 37 billion at december 2008 2007.\n losses.\n first quarter 2008 $ 850 million conduit assets.\n illiquidity paper.\n securities purchased at prices exceeded fair value.\n securities written down to fair value $ 12 million reduction processing fees carried at fair value.\n liquidity asset purchase agreements drawn upon 2008 no draw-downs on standby letters of credit.\n conduits sell commercial paper investors.\n sometimes purchase.\n held $ 230 million commercial paper issued conduits $ 2 million at december 31 2007.\n $ 5. 70 billion.\n conduit-issued commercial paper sold to cpff.\n october 31  2009.\nmaturity conduits 2019 paper 25 days 2008 20 2007.\n issued first-loss notes third parties losses credit.\n first-loss notes $ 67 million $ 32 million 2007.\n credit losses"
}
{
    "_id": "dd4baa23c",
    "title": "",
    "text": "common stock commenced trading nasdaq 201cmktx november 5  2004.\n no public market.\n november 4 2004 registration statement initial public offering declared effective.\n high low bid information march 28  2005 last closing price $ 10. 26.\n 188 holders.\n not declared cash dividends.\n intend retain future earnings expansion cash dividends.\n discretion board directors.\n conditions financial results capital requirements.\n november 4 2004 registration statement initial public offering.\n 333-112718 declared effective.\n received net proceeds sale $ 53. 9 million  price $ 11. 00 per share discounts commissions expenses.\n outstanding shares convertible preferred stock converted 14484493 common stock 4266310 shares non-voting common stock.\n underwriters credit suisse first boston llc.\nmorgan securities. banc of america bear stearns co.\n.\n ubs securities.\n broker-dealer institutional investor clients.\n stockholders.\n proceeds paid directors officers associates ten percent stock affiliates.\n december 31 2004 used net proceeds for product development sales marketing working capital.\n invested proceeds in cash equivalents short-term marketable securities.\n.\n common equity stockholder matters issuer purchases equity securities november 5 2004 december 31 2004.\n 24."
}
{
    "_id": "dd4bcaf0a",
    "title": "",
    "text": "impairment charge.\n year may 31 2009\n goodwill $ 136800\n trademark 10000\n long-lived assets 864\n $ 147664\n net income noncontrolling interests increased $ 28. million. million 2008.\n acquisition 51% majority interest hsbc merchant services earnings income $ 37. million $. diluted earnings per share.\n operating cash flows operations expenditures debt service strategic investments.\n cash flow investments acquisitions dividends debt repurchase shares.\n cash balances invested short term instruments.\n plan operational needs growth low cost capital.\n credit settlement acquisitions.\n liquidity capital raise additional funds.\n may 31 2010 cash equivalents $ 769. 9 million.\n $ 268. 1 million available cash settlement merchant reserve cash balances.\nsettlement cash balances surplus funds sponsors obligation.\n cash balances collateral liabilities.\n 2010 equivalents $ 199. 4 million reserves.\n reserves strengthens fiduciary standing guidelines.\n equivalents settlement assets obligations financial statements.\n net cash activities increased $ 82. 8 million $. 8 million 2010.\n income operations increased $ 16. 0 million working capital $ 60. 2 million.\n settlement assets obligations $ 80. 3 million accounts receivable $ 13. 4 million offset"
}
{
    "_id": "dd4c61842",
    "title": "",
    "text": "maintain fhlb stock investment equal. 2%. bank assets $ 25 million.\n stock investment equal 4. 5%. advances.\n fhlb evaluates excess stock redemption.\n investment fhlb stock $ 140. 2 million $ 164. 4 million december 2011 2010.\n maintain qualified collateral percent advances varies adjusted annual collateral audit creditworthiness.\n advances secured by mortgage loans-backed securities.\n pledged loans $ 5. billion $. 6 billion one- four-family home equity loans collateral.\n 2009 paid down advance maturity $ 1. 6 billion fhlb advances.\n loss on early extinguishment advances $ 50. million.\n loss extinguishment debt.\n similar transactions 2011 2010.\n raised capital trusts.\n securities redeemed due date 30 years after issuance.\ntrust issued floating rate preferred securities liquidation $ 1000 per capital security.\n used proceeds purchase floating rate junior subordinated debentures issued etbh guarantees trust obligations contributed proceeds e*trade bank capital contribution.\n recent issuance 2007.\n face values trusts at december 31 2011 shown dollars thousands trusts face value maturity date annual interest rate.\n etbh capital trust ii $ 5000 2031 10. 25%. %\n 3. 75%. 6-month libor\n trust 2032 3. 25%-3. 65%. % 3-month\n. 30%.\n 2. 45%-2. 90%. 3-month\n. 20%-2. 40%.\n 2. 10%. 3-month\n capital trust. 90%-2.%.\n$ 433000\n 31 2011 2010 borrowings $ 2. 3 million $ 19. 3 million collateral market.\n $ 0. 5 million overnight short-term federal reserve bank tax programs.\n pledged $. 8 million securities."
}
{
    "_id": "dd4c54d9a",
    "title": "",
    "text": ".\n performance units convert unrestricted shares after three compensation committee.\n share-based compensation expense grant-date fair value stock monte carlo model.\n may 31 2015 granted. market condition stock price growth.\n minimum threshold performance no payout.\n maximum award opportunity fixed dollar number shares.\n three-year 2017 one-third units converted unrestricted common stock.\n two-thirds restricted stock installments anniversaries.\n share-based compensation expense grant date value monte carlo model.\n table summarizes changes unvested restricted stock performance awards december 31 2018 2017 2016 transition period may 31 2016-average grant-date fair value.\n unvested may 31 2015 1848 28.\n granted 461.\n vested -633.\n forfeited.69\n 31 2016 1606 37. 25\n 348 74. 26\n -639 31.\n 52 45. 27\n 31 2016 1263 49. 55\n 899 79.\n -858 39. 26\n -78 59. 56\n 2017 1226. 29\n 109. 85\n -722 60.\n 91. 47\n 2018 1084 108.\n restricted stock $ 43. 4 million 33. 7 million 2018 2017 20. 2016 17. 4 million.\n compensation $ 53. 2 million 35. 2 million 2018 2017 17. million 28. 8 million.\n 62. 7 million unrecognized compensation expense 2.\n accelerated vesting.\n 2013 payments.\n 2018"
}
{
    "_id": "dd49833dc",
    "title": "",
    "text": "estimates financial statements estimates assets liabilities.\n results differ.\n acquisitions acquired real estate assets $ 219. 9 million $ 948. 4 million $ 295. 6 million 2007 2006 2005.\n purchased five industrial buildings seattle virginia houston 161 acres undeveloped land 12-acre container storage facility houston.\n total price $ 89. 7 million financed secured debt fair value $ 34. 3 million.\n $ 66. 1 million in-service real estate $ 20. million undeveloped land $ 3. 3 million lease assets remaining working capital assets liabilities.\n preliminary.\n included.\n february 2007 healthcare real estate.\n development capabilities.\n initial consideration $ 47. 1 million contingent payments three years.\n $.purchase price goodwill attributable development capabilities workforce.\n results included financial statements.\n 2006 acquired majority washington.\n office industrial properties.\n $ 867. 6 million 32-service properties 2. 9 million square feet rental 166 acres undeveloped land assets winkler.\n financed mortgage loans new borrowings.\n assets liabilities recorded estimated fair value.\n rental properties 602011\n land development 154300\n real estate investments 756311\n assets 10478\n lease assets 86047\n goodwill 14722\n assets 867558\n debt\n liabilities\n liabilities\n"
}
{
    "_id": "dd4c0de7c",
    "title": "",
    "text": "expects incur higher costs ships construction avondale due reductions productivity.\n increased estimates lpd-23 lpd-25 $ 210 million.\n recognized $ 113 million pre-tax charge operating income contracts.\n exploring alternative uses facility opportunities workforce.\n decision wind down shipbuilding operations incurring employee severance incentive compensation liabilities retirement liabilities amounts owed not meeting requirements cooperative agreement louisiana.\n anticipates restructuring facilities shutdown costs severance relocation asset write-downs.\n allowable government accounting standards recoverable future.\n approximate $ 271 million estimate.\n recoverable future federal acquisition regulation.\n.\n navy cost submission recoverability subject review.\n.\ndefense contract audit agency prepared audit report company 2019s proposal restructuring shutdown $ 310 million not supported questioned $ 25 million 8% costs.\n dcaa accept proposal.\n submitted revised proposal concerns estimated cost $ 271 million.\n challenged.\n navy dispute resolution alternatives.\n uncertainty timing allowability costs wind down avondale facility.\n anticipates discussions.\n navy agreement management cost recovery expectations.\n treated costs allowable costs earnings performance.\n restructuring expenses may greater than estimate inability recover financial position cash flows.\n evaluated effect wind down benefit plans.\n not material financial position.\n table summarizes liability for restructuring shutdown costs facility.\n costs employee severance retention incentive bonuses.\n capitalized in inventoried costs recognized as expenses product sales 2014.\n $ millions employee compensation accruals.\n accruals\n balance january 1 2010 $ 0\n 27 39 66\n payments\n balance december 31 2010 $ 27 39 $ 66\n payments\n adjustments -3 44\n balance december 31 2011 $ 50 $"
}
{
    "_id": "dd4bccb34",
    "title": "",
    "text": "consolidated financial statements 2014 becton dickinson company reclassifications interest expense cost products.\n details cash flow hedges note 13.\n august 25 2016 proceeds divestiture respiratory solutions business 2017 accelerated share repurchase agreement.\n 2016 received 1. 3 million shares common stock $ 220 million increase.\n 2014 earnings per share common shares years september 30.\n 2015\n common shares 212702 202537 193299\n equivalents 4834\n shares 2014 207509\n acquisition carefusion corporation march 17 2015 issued 15. million common shares purchase.\n disclosures note 9.\n options purchase shares excluded diluted earnings.\n years september 30 2016 2015 2014 no options purchase diluted earnings."
}
{
    "_id": "dd4b88e70",
    "title": "",
    "text": ".\n loss sale $ 14 million impairment expenses.\n quarter 2002 impairment charge $ 40 million equity investment telecommunications company latin.\n poor performance funding problems.\n lost control central electricity supply corporation orissa.\n cost.\n 2000 100% tractebel power ltd $ 67 million assumed liabilities $ 200 million.\n 46% nigen.\n acquired 6% 6 interest stockholders 2000 99000 shares $ 4. 9 million.\n owns 98% common stock consolidating financial results 2000.\n $ 100 million purchase price excess costs assets amortized january 1 2002.\n ceased amortization.\n august 2000 subsidiary acquired 49% interest songas $ 40 million.\n additional. 79%. $ 12. 5 million 2002.\n owns songo gas-to-electricity project tanzania.\ndecember 2002 company signed agreement songas.\n early 2003.\n note 4.\n table comparative financial information 50% owned investments equity method.\n years\n revenues $ 2832 6147 6241\n operating income 695\n net income 229\n assets 1097 3700\n noncurrent assets 6751 13080\n liabilities 1418\n stockholder's equity 3081 6835\n 2002 2001 2000 impacted devaluation brazilian real.\n real devalued 32% 19% 8%.\n recorded $ 83 million 210 million $ 64 million pre-tax non-cash foreign currency losses brazilian equity."
}
{
    "_id": "dd4bc6df6",
    "title": "",
    "text": "table company 2019s non-vested performance share unit awards changes period average grant date.\n 31 2015\n outstanding january 1\n granted.\n forfeited\n december 31,.\n.\n.\n reinsurance operation writes property casualty reinsurance marine aviation surety accident health brokers ceding companies.\n international operation writes.\n casualty reinsurance branches canada singapore offices brazil miami new jersey.\n bermuda operation provides reinsurance insurance worldwide property casualty markets united kingdom european markets.\n writes property casualty insurance agents brokers.\n.\n.\n segment represents segregated accounts.\n formed july 1 2013.\n.\n diversified catastrophe exposures risk regions.\n exception.\nlogan re managed independently conform corporate guidelines pricing risk management control catastrophe exposures capital investments operations.\n management monitors evaluates financial performance underwriting results.\n.\n logan segment managed independently diverse portfolio catastrophe risks risk return criteria.\n underwriting results include earned premium losses adjustment expenses commission brokerage expenses.\n measure premiums earned.\n.\n business sourced subsidiaries activity reflected.\n segment.\n business reported segment.\n.\n separate balance sheet data segments.\n review evaluate financial results."
}
{
    "_id": "dd4bcde76",
    "title": "",
    "text": "schlumberger subsidiaries common stock treasury millions.\n balance january 1 2008 1334 -138 1196\n shares sold optionees exchanged\n employee stock purchase plan\n repurchase program\n conversions debentures\n december 31 2008 1334 -140 140 1194\n sold optionees exchanged\n restricted stock\n employee stock purchase plan\n repurchase program\n december 31 2009 1334 -139\n smith international. 176\n shares sold optionees exchanged\n stock purchase plan\n repurchase program\n conversions debentures\n balance december 31 2010 1434 -73 ( 1361\n consolidated financial statements"
}
{
    "_id": "dd4c53418",
    "title": "",
    "text": "31 2007 2006 2005 millions.\n gain /loss disposition impairment acquired assets obligations -1. 19 3\n consulting professional fees.\n employee severance retention.\n technology integration.\n research development.\n.\n employee relocation.\n acquisitions.\n sales lease contract terminations.\n.\n 25. 6\n research development charges 2007 endius orthosoft.\n gain/loss assets obligations 2006 sale centerpulse land facilities gain $ 5. 1 million settlement pre acquisition contingent liabilities.\n gains offset $ 13. 4 million impairment charge centerpulse tradename trademark intangibles.\n liquid investments maturity three months cash equivalents.\n carrying amounts balance equivalents valued cost fair value.\n restricted cash escrow insurance coverage.\ninventories 2013 obsolete slow-moving goods stated lower cost market first-in first-out.\n property  plant equipment carried cost less accumulated depreciation.\n computed lives ten to forty years buildings improvements three eight years machinery equipment five years instruments.\n maintenance repairs expensed incurred.\n financial accounting standards.\n review property plant equipment impairment carrying value recoverable.\n impairment loss future cash flows less carrying amount.\n loss carrying fair value.\n software costs capitalize costs.\n include materials services compensation benefits employees.\n included amortized straight-line service estimated useful lives three to seven years.\n instruments surgeons procedures.\n long-lived assets included property plant equipment.\n undeployed instruments carried at cost net excess obsolete instruments.\ninstruments field carried at cost less accumulated depreciation.\n depreciation computed straight-line method estimated useful lives product life cycles five years.\n review instruments for impairment sfas.\n.\n depreciation recognized as selling general administrative expense.\n account sfas.\n intangible assets.\n not amortized subject annual impairment tests.\n assigned reporting units operating segments.\n annual impairment tests reporting unit fair value carrying potential impairment.\n fourth quarter.\n fair value less than carrying value impairment loss recorded fair value.\n determined market multiples.\n account.\n.\n measured at fair value.\n estimated after-tax discounted cash flows.\n assets indefinite life trademarks trade names not amortized.\n assessed annually.\n technology trademarks names.\n2 0 0 7 r notes consolidated financial statements continued"
}
{
    "_id": "dd4c57c52",
    "title": "",
    "text": "development.\n hedge funds real estate currency commodities.\n.\n 2022 hedge funds $ 26. 6 billion down $ 1. 4 billion. billion\n gains 1. billion.\n single-strategy multi global macro opportunistic.\n open-end hedge closed-end funds.\n increased $ 6. 3 billion 28% $ 29. 1 billion 17. 1 billion hedge hybrid vehicles $ 12. billion private equity.\n 6. billion european asian markets.\n real estate assets $ 12. 7 billion down $ 0. 1 billion $. 6 billion net redemptions distributions $. 5 billion portfolio valuation gains.\n high yield debt value-added opportunistic equity portfolios renewable power funds.\n real estate.\n real estate investment trust infrastructure debt team.\n.\n currency commodities strategies totaled $ 41. 4 billion 2012 flat 2011 outflows $ 1. 5 billion overlays $. 8 billion market foreign exchange gains.\n claymore contributed $. 9 billion.\n currency commodities products passive.\n commodities $ 24. 3 billion $ 0. 7 billion acquired claymore not eligible performance fees.\n totaled $ 263. 7 billion december 2012 up $ 9. 1 billion 4% 2011.\n taxable tax-exempt funds customized accounts.\n.\n dollar euro pound.\n 84% institutions 16% retail investors.\n base 69% 31%.\n net inflows $ 5. billion uncertainty regulatory changes investing environment.\n short duration products low interest rate.\n cash management yield.\n.\ninternational ishares.\n changes 2013 amounts 12/31/2011 business acquired market.\n equity $ 419651 52973 3517 58507 534648\n fixed income 153802 28785\n multi-asset class 562\n alternatives 19341 3232 701 1064 24338\n long-term $ 593356 $ 85168 7322 66861 752707"
}
{
    "_id": "dd4bb4f16",
    "title": "",
    "text": "table details growth global weighted average berths north american european asia/pacific cruise guests five years average supply berths caribbean cruises.\n berths global american european asia/pacific.\n weighted-averagesupply caribbean cruises. berths globalcruiseguests north american cruise guests european asia/pacific cruise guests\n 2012 425000 98650 20813 11641 6225 1474\n 2013 432000 98750\n 2014 448000 105750 22039 12269 6387\n 2015 469000 112700\n 2016 493000 123270 12581 6542\n estimates global cruise guests weighted-average supply berths based data cruise industry.\n seatrade insider cruise industry news press releases.\n.\nestimates incorporate analysis cruise industry data.\n include global.\n include united states canada.\n european countries. germany france italy spain united kingdom.\n southeast asia. thailand east asia. south asia. india pakistan oceanian. australia fiji islands regions.\n majority cruise guests north america 52% global cruise guests 2016.\n annual growth rate 2% ( 2 % ) 2012 to 2016.\n 27% % guests.\n growth rate 1% ( 1 % ) 2012 to 2016.\n asia/pacific 15% guests.\n annual growth rate 25% % 2012 to 2016.\n highest growth rate small sector.\n cruise lines.\ncompetitors carnival corporation aida carnival costa cunard holland america p&o princess disney norwegian cruise line owns oceania regent seven seas.\n"
}
{
    "_id": "dd4bbc31a",
    "title": "",
    "text": "43. 3 million 2011 $ 34. 1 million 2010.\n retail segment 13% 15% 15 % net sales 2010.\n operating income $ 4. 7 billion $ 3. 2 billion $ 2. 3 billion 2012 2011 2010.\n increases higher net sales higher average revenue per store.\n.\n sales $ 156508 $ 108249 65225\n $ 68662\n 43. 9%. 9 %.\n margin 2012 43. 9%. 5%. 2011.\n increase driven lower commodity product costs higher sales improved leverage fixed costs.\n offset stronger.\n.\n gross margin first half 2012 45. 9%. 9 % 41. 4%.\n primary drivers higher margin higher mix sales improved leverage costs.\ngross margin second half 2012 affected by new products higher price reductions higher transition costs strengthening.\n dollar offset lower commodity costs.\n gross margin percentage 2011 40. 5%. 39. 4%. 2010.\n increase driven by lower commodity product costs.\n expects decreases margin gross margin 36% ( 36 % ) first quarter 2013.\n future declines due to higher mix new innovative products component cost increases.\n future strengthening.\n dollar could impact gross margin.\n gross margin forward-looking could differ results factors.\n gross margins downward pressure due product pricing pressures increased competition compressed product life cycles product transitions potential increases cost components manufacturing services shift sales mix lower gross margins.\n product pricing actions gross margins.\nmargins affected company 2019s product quality warranty costs demand.\n international operations financial results exchange rates."
}
{
    "_id": "dd4c54bf6",
    "title": "",
    "text": "2018 annual report 21 item 3 legal proceedings snap-on involved legal matters.\n financial position operations cash flows.\n item 4 mine safety disclosures.\n part ii item 5 market registrant 2019s common equity stockholder matters issuer purchases snap-on 55610781 shares common stock 2018 end.\n listed new york stock exchange ticker. february 8 2019 4704 registered holders.\n issuer purchases chart shares common stock repurchased fourth quarter fiscal 2018 board authorizations.\n stock repurchases offset dilution employee franchisee stock purchase plans corporate purposes conditions.\n repurchase discretion subject financial market conditions.\n shares purchased average price per share announced plans programs value.\n\n 09/30/18 to 10/27/18 90000 $ 149. 28 $ 292. 4 million\n 10/28/18 to 11/24/18 335000 $ 159. 35 $ 239. 1 million\n 11/25/18 to 12/29/18 205000 $ 160. 20 $ 215. 7 million\n 630000 $ 158. 19\n subject adjustment 1996 december 29 2018 approximate value shares $ 215. 7 million.\n board authorized repurchase shares common stock open market privately negotiated transactions 1996 authorization.\n allows repurchase shares issued.\n.\n authorization terminated.\n assumed price $ 148. 71 $ 161. 00 $ 144. 25 per share common stock fiscal 2018 october 27  november 24 december 29  2018.\n2017 board authorized repurchase $ 500 million common stock.\n repurchase price limit met unless terminated."
}
{
    "_id": "dd4b8c89a",
    "title": "",
    "text": "target awards executive officers joseph.\n domino ceo texas 50% 50 % ) hugh.\n mcdonald arkansas 50% 50 % ) haley fisackerly mississippi 40% 40 % ) william.\n 60% 60 % ) gulf states louisiana charles.\n rice.\n 40% ( 40 % ) new orleans theodore.\n.\n principal accounting officer subsidiaries 60% ( 60 % ).\n awards officers set supervisors allocated incentive pool.\n considerations.\n current position management level.\n levels 1 4.\n.\n denault.\n taylor 2.\n.\n 3.\n.\n.\n.\n 4.\n incentive targets differ market data factors.\n 2010 committee determined executive incentive plan targets annual bonuses 2011.\ncommittee 2019s target levels after review 2011 financial plan entergy corporation recommendation finance committee targets with 2011 financial performance.\n targets performance.\n minimum\n earnings per share $ $ 6.\n operating cash flow $ 2. 97 $.\n 2012 earnings determined entergy corporation exceeded earnings per share target $ 6. 60 by $ 0. 95 in 2011 short of operating cash flow goal $ 3. 35 billion by $ 221 million 2011.\n 2012 personnel committee certified 2012 entergy achievement multiplier at 128% target.\n increased by 25 percent if performance goals satisfied multiplier or.\n section 162 internal revenue code management effectiveness factor mechanism achievement factors performance.\n2012 committee eliminated management effectiveness factor 2011 incentive awards entergy achievement multiplier consistent performance management.\n annual incentive awards executive officers.\n.\n.\n incentive pool approved committee.\n supervisor determines annual incentive payment entergy achievement multiplier.\n decrease.\n approval entergy chief executive officer."
}
{
    "_id": "dd4b9dec4",
    "title": "",
    "text": "celanese purchases equity securities common stock months december 31 2014 number shares purchased average price paid share dollar value.\n october 1 - 31 2014 192580 $ 58. 02 164800 $ 490000000\n november 1 - 30 2014 468128 $ 59. $ 463000000\n december 1 - 31 2014 199796 $ 60. 78 190259 $ 451000000\n 860504 823187\n 27780 9537 october december 2014 shares withheld employees taxes stock.\n board authorized repurchase $ 1. 4 billion common stock since february 2008.\n note 17 stockholders' equity financial statements.\n material securities exchange commission securities act 1933 1934.\n cumulative return"
}
{
    "_id": "dd4c3cc86",
    "title": "",
    "text": "mfc 2019s net sales decreased $ 322 million 5%.\n sales $ 345 million air missile defense fewer deliveries pac-3 lower volume thaad $ 85 million tactical missile fewer deliveries increased deliveries.\n higher sales $ 55 million energy solutions increased volume.\n operating profit decreased $ 62 million 5%.\n lower profit $ 100 million fire control lower risk retirements $ 65 million tactical missile fewer deliveries.\n offset higher profit $ 75 million increased risk retirements.\n $ 60 million lower 2015.\n decreased lower orders pac-3 hellfire jassm.\n higher orders pac-3 lantirn/sniper lower orders thaad.\n 2019s net sales increase 2017.\n operating profit increase slightly.\n margin decline 2016 contract fewer risk retirements.\n2015 acquired sikorsky rms.\n results financial results.\n consolidated reflect full sikorsky operations.\n rms design manufacture service support military civil helicopters ship submarine mission combat systems sensors rotary fixed-wing aircraft missile defense radar littoral combat ship simulation training services unmanned systems technologies.\n supports cybersecurity communication command control solutions.\n programs black hawk seahawk helicopters aegis combat system lcs space fence hawkeye radar tpq-53 radar ch-53k helicopter vh-92a helicopter.\n results.\n net sales $ 13462 $ 9091\n operating profit\n margin 6. 7%. 3%. 7%.\n backlog $ 28400\n net sales increased $ 4. billion 48%.\n higher net sales $.billion sikorsky acquired 6 2015.\n net sales sikorsky revenue adjustments.\n offset sales $ 70 million training"
}
{
    "_id": "dd4bcfc62",
    "title": "",
    "text": "citi 2019s common stock 2009 2010 note 33 financial statements.\n.\n government holds citigroup securities 2009 citigroup pay quarterly stock dividend exceeding $ 0. 01 per quarter exceptions.\n dividend common stock obligations stock.\n comparison five-year return citigroup 2019s common stock s&p 500 index s&p financial index 2010.\n $ 100 invested december 31 2005 citigroup 2019s common stock 500 dividends reinvested.\n 500 five-year return 2006 2007 2008 2009 2010.\n citigroup s&p 500 index financial index\n 2006 119. 115.\n 2007.\n.\n.\n 2010. 111"
}
{
    "_id": "dd4c0f18c",
    "title": "",
    "text": "adobe inc.\n financial statements stock options 2003 plan options employees executive officers consultants non directors.\n until termination board or shares issued restrictions lapsed.\n option vesting periods four years seven years date grant.\n eliminated stock option grants employees non directors issue.\n programs 2018 2017 2016 stockholder value award potential talented individuals.\n executive compensation committee approves terms award calculation methodology.\n shares earned stockholder return three-year period.\n awards awarded vest committee certification achievement three-year anniversary.\n participants receive 200% target shares.\n 2018 approved 2018 performance share program terms similar prior.\n november 30  2018 shares awarded 2018 2017 2016 yet achieved.\n options vesting restricted stock units performance shares purchases treasury stock.\n common stock.\nimpact dilution stock options stock units performance shares instituted stock repurchase program.\n note 12.\n valuation stock-based compensation cost measured grant date fair value.\n awards valued monte carlo simulation model.\n fixed amortized remaining.\n black-scholes option pricing model fair value.\n stock price variables.\n stock price volatility stock option behaviors risk-free interest rate expected dividends.\n term average purchase periods.\n assumptions stock purchase rights.\n expected life years. -.\n volatility 26% 26 % - 29% ( 29 % ) 22% 27% 27 %\n risk free interest rate. 54%. 54 %. 52%. %. 62%. 62 %. 41%. 41 %. 06%"
}
{
    "_id": "dd4bd4078",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries financial statements lending commitments fixed termination dates contractual conditions.\n net amounts syndicated third parties.\n reflect future cash flows.\n commitments expire unused request.\n table lending commitments.\n december 2018 2017\n investment $ 120997 $ 124504\n sale 8602\n fair value 7983\n $ 137582 $ 143746\n investment accounted accrual basis.\n note 9.\n sale lower cost fair value.\n gains losses fair value recorded net fees.\n commitments investing lending.\n.\n investment-grade corporate borrowers.\n $ 93. 99 billion 2018 $ 85. 98 billion 2017 relationship lending $ 27. 92 billion $ 42. 41 billion investment banking contingent acquisition financing short-term.\nfirm extends lending commitments corporate lending commercial real estate financing.\n note 9.\n sumitomo mitsui financial group.\n provides credit loss protection loan commitments-grade.\n $ 15. 52 billion 2018 $ 25. 70 billion december 2017.\n loss protection limited 95% first loss $ 950 million.\n protection 70% additional losses maximum $ 1. 0 billion $ 550 million protection 2018 2017.\n uses financial instruments mitigate credit risks.\n credit default swaps market index.\n warehouse financing.\n financing clients assets.\n secured consumer corporate loans.\n collateralized agreements resale securities borrowing repurchase secured lending agreements three business days.\n contingent financing resale agreements.\n funding depends contractual conditions expire unused.\nfirm commitments banks collateral margin deposit requirements.\n investment commitments private equity real estate funds.\n commitments $ 2. 42 billion 2018 $ 2. 09 billion 2017.\n funded at market value.\n goldman sachs 2018 form 10-k"
}
{
    "_id": "dd4b98b36",
    "title": "",
    "text": "jpmorgan chase. annual report interest income excluding reviews lending investing deposit-raising activities.\n fixed income equity markets.\n data non-gaap measures exclusion interest income.\n exclusion provides non markets business trends comparable institutions lending investing deposit-raising.\n year december 31 millions 2016 2015 2014 net interest income 2013 $ 47292 $ less markets excluding $ 40958 $ $ 38587 average interest-earning assets $ 2101604 $ 2088242 $ 2049093 $ 1581297 $ 1577950 1526104 net interest yield assets 2013. 25%. 14%. 18%. 18 % yield cib markets. yield excluding cib markets. 59%. %. 49%. 53%. 53 % hedges.\n taxable-equivalent amounts.\nreconciliation net interest income firm.\n results page 48.\n prior period amounts revised align cib 2019s markets businesses.\n page 61.\n.\n non financial measures.\n book value per share overhead ratio noninterest expense net revenue return assets average assets return equity stockholders equity return average book value per share net income equity.\n year december 31 2015\n net interest income 2013 basis $ 47292 $ 44620\n cib markets net interest income 6334\n excluding markets $ 40958 $ 39322 38587\n interest-earning assets $ 2101604 2088242 2049093\n markets assets 520307 510292 522989\n assets $ 1581297 $ 1577950 1526104\ninterest yield assets 2013 2. 25%. 25 %. 14%. 14 %. 18%. 18 %\n cib markets assets 1. 22. 04 15\n excluding cib markets 2. 59% 2. 59 %. 49%. 49 %. 53%. 53 % )\n jpmorgan chase. annual report interest income excluding performance investing deposit-raising.\n fixed income equity markets.\n data non-gaap measures exclusion interest income.\n exclusion provides analyze non markets business trends comparable institutions investing deposit-raising.\ndecember 31 millions rates interest income 2013 $ 47292 $ 44620 less cib markets 6334 5298 6032 excluding markets $ 40958 $ 39322 $ 38587 assets $ 2101604 $ 2088242 $ 2049093 markets 520307 510292 522989 $ 1581297 $ 1577950 $ 1526104 interest yield 2013. 25%. 14%. 18%. 18 % markets. 59%. 59 %. 49%. %. 53%. 53 % hedges.\n taxable-equivalent amounts.\n reconciliation net interest income.\n.\n prior period amounts revised align markets businesses.\n.\n.\n measures.\nnon-gaap financial measures book value share 201d stockholders equity shares overhead ratio noninterest expense net revenue return assets return common equity 2019 equity return common equity equity book value share 201d equity shares net income"
}
{
    "_id": "dd4c30d0a",
    "title": "",
    "text": ".\n brokerage receivables payables citi has for financial instruments from brokers dealers customers.\n to risk loss pay deliver at market prices.\n credit risk broker.\n margin collateral.\n margin levels monitored daily deposit additional collateral.\n citi may liquidate financial instruments.\n credit risk impacted by market volatility.\n credit limits monitored for customers brokers dealers.\n brokerage receivables payables.\n millions december 31 2016 2015\n receivables from customers $ 10374 $ 10435\n brokers dealers 18513 17248\n receivables $ 28887 $ 27683\n payables to customers $ 37237 $ 35653\n brokers dealers 19915 18069\n payables $ 57152 $ 53722\nbrokers dealers 18069 brokerage payables $ 57152 53722 receivables payables citi broker dealer aicpa accounting guide."
}
{
    "_id": "dd4bff430",
    "title": "",
    "text": "december 31 2006 leased office laboratory connecticut distribution storage san diego four foreign facilities japan singapore china netherlands non-cancelable leases expire july 2011.\n leases renewal options one to five years.\n contractual obligations less than 1 year 2013 3 years 5 years 5.\n less 1 year 3 5\n operating leases $ 37899 $ 5320 $ 10410 $ 9371 $ 12798\n orders goods services not enforceable binding.\n.\n.\n exposure investment portfolio.\n value fixed rate securities impacted income floating rate securities decline.\n interest rate derivative instruments exposure.\n safety funds default market risk reinvestment risk.\n mitigate default risk investment grade securities.\nmaintained short average maturity investment portfolio believe 100 point adverse move interest rates affect value instruments.\n foreign currency exchange risk revenue.\n dollars some portions foreign currencies.\n financial results affected exchange rates economic conditions.\n functional currencies subsidiaries local currencies.\n accounts translated local.\n dollar current exchange rate average exchange rate.\n effects translation recorded income."
}
{
    "_id": "dd4c5d0f8",
    "title": "",
    "text": ".\n shareholders 2019 equity loss december 31.\n millions 2009 2008 2007\n foreign currency translation $ 281 $ 68 $ 331\n unrealized loss hedges non. subsidiaries -14\n loss-for-sale securities -1636 -678\n loss hedges -113\n losses-temporary impairment -159\n losses -387\n pension liability -192 -229 -146\n unrealized loss cash flow hedges -18\n $ -2238 -5650 $ -575\n net after-tax unrealized loss-for-sale securities $ 1. 64 billion $. 21 billion december 31 2009 2008 $ 635 million $. 39 billion-tax unrealized losses securities reclassified maturity.\ndecrease losses 2008 amortization impairment securities.\n note 3.\n 2009 net gains $ 368 million.\n unrealized pre-tax gains $ 46 million 2008 deferred taxes $ 18 million.\n gains $ 68 million.\n pre-tax gains $ 71 million 2007 deferred taxes $ 28 million.\n net gains $ 7 million.\n unrealized pre-tax losses $ 32 million 2006 deferred taxes $ 13 million.\n 2008.\n issued 20000 shares series b-rate $ 100000 liquidation preference per share warrant purchase 5576208 shares $ 53. 80 per share proceeds $ 2 billion.\n allocated stock warrant values.\n $ 1. 88 billion $ 121 million.\n.88 billion preferred stock liquidation $ 2 billion retained earnings yield method.\n 2008 2009 reduced net income $ 4 million $ 11 million earnings.\n.\n preferred shares 1 regulatory capital paid quarterly dividends 5% year.\n 2009 accrual dividends reduced net income $ 18 million $ 46 million reduced earnings.\n.\n warrant"
}
{
    "_id": "dd4c013de",
    "title": "",
    "text": "consolidated financial statements 3 derivative transferred 3 entire gain loss included.\n transfers between reported reporting period.\n negative positive represent transfers derivative liabilities.\n gains losses level 3 derivatives derivative 1 2 inputs classified 3 one significant level 3 input.\n 3 entire gain loss inputs. classified 3.\n gains losses 3 offset by gains 1 2 derivatives cash instruments.\n gains losses level 3 rollforward represent impact firm results operations liquidity capital resources.\n tables changes fair value derivatives level 3 end.\nmillions level 3 derivative assets liabilities fair value december 2013 asset balance net gains losses unrealized gains losses instruments held year-end purchases sales settlements transfers level 3 transfers level 3 2013 asset liability balance year\n interest rates 2014 net $ -355 ( $ -78 ( 78 ) $ 168 $ 1 $ -8 ( 8 ) $ 196 $ -9 ( $ -1 ( 1 $ -86 ( 86 )\n credit 2014 net 6228  -1 ( 1 -977 ( ) 201 -315 ( 315 ) -1508 695 -147 ( ) 4176\ncurrencies 2014 35 -93 ( -419 ) -6 ( 6 ) 169\n commodities -304 ( -6 ( 6 ) -48 281\n equities 2014 -1248 ( 1248 -67 ( ) -202 -472 -15 -52 ( ) -959 ( 959 )\n derivatives 2014 net $ 4356 245 ) 1372 -849 ( ) 158 $ 860 -239 ( ) 2991\n.\n losses $ 1. 29 billion $ 324 million.\n net unrealized loss level 3 derivatives $ 1. 37 billion 2013 changes level 2 credit spreads currency foreign exchange rates.\n transfers level 3 derivatives reduced transparency.\n transfers.\n goldman sachs 2013 annual report"
}
{
    "_id": "dd4bb957a",
    "title": "",
    "text": "tower corporation subsidiaries financial statements 2014 adopted disclosure provisions sfas.\n 123 amended.\n 148 note 1.\n value option grant estimated black-scholes option pricing model.\n average values options 2004 2003 2002 $ 7. 05 $ 6. 32 $ 2. 23 per share.\n assumptions.\n risk-free interest rate 4. 23%. %. 53%. %\n option grants 4\n volatility stock 80. 6%. 6%. 3%. 3 %\n dividends voluntary option exchanges 2004 issued employees 1032717 options exercise price $ 11. 19 per share.\n issued voluntary option exchange program 2003 accepted options $ 10. 25 purchase 1831981 shares common stock.\nprogram offered full part-time employees excluding executive officers directors grant new options two shares common stock three surrendered.\n no options granted employees between cancellation new grant date.\n may 2002 company issued employees 2027612 options exercise price $ 3. 84 per share fair market value.\n options issued voluntary option exchange program october 2001 accepted surrender options purchase 3471211 shares common stock.\n part-time employees officers new options.\n no options granted between cancellation new grant date.\n atc mexico stock option plan maintains stock option plan atc mexico subsidiary.\n issuance options to officers employees directors consultants.\n limits stock 360 shares capital structure.\n 2002 granted options to purchase 318 shares common stock to officers employees.\noptions issued price $ 10000 per share.\n fair market board independent appraisal.\n atc mexico plan options 2002 $ 3611 per share black-scholes option pricing model.\n options exercised 2004.\n no granted 2004 2003 december 31 2003.\n."
}
{
    "_id": "dd4c4a3cc",
    "title": "",
    "text": "fuel prices 2013 crude oil increased 2007 $ 56. barrel january $ 96. per barrel december.\n 2007 average fuel price increased 9 added $ 242 million operating expenses 2006.\n fuel surcharge programs higher fuel prices.\n fuel conservation efforts consumption rate 2% 2 %.\n locomotive simulator training operating practices technology 21 million gallons fuel 2007.\n free cash flow 2013 $ 3. billion cash flow $ 487 million 2007.\n operating activities less investing dividends.\n not financial measure accounting principles.\n important financial performance.\n.\n reconciles 2007 2006 2005.\n operating activities $ 3277 $ 2880 $ 2595\n investing activities\n dividends paid\n free cash flow $ 487 $ 516\noutlook 2022 safety safe railroad benefits employees customers shareholders public.\n multi-faceted approach safety technology risk assessment quality control training.\n implement total safety culture.\n safety.\n maintain upgrade close crossings video cameras educate public crossing safety.\n 2022 commodity revenue.\n expect record revenue 2008 customer service.\n yield increases fuel surcharges primary drivers commodity revenue growth.\n volume 1% higher to lower 2007 softness market sectors.\n transportation plan traffic flows network logistic patterns simplify operations improve network efficiency asset utilization.\n maintain manpower locomotives improve productivity operating margins.\n fuel prices volatile.\n prices increase 15% to 20% above average 2007.\n recovery fuel surcharge programs fuel conservation efforts."
}
{
    "_id": "dd4be206a",
    "title": "",
    "text": "wireless providers beginning investments 3g data networks.\n ghana uganda voice data networks increasing demand.\n south africa carriers 3g data networks.\n mexico brazil networks deployed providers invest 3g data networks auctions investments 3g.\n chile peru colombia spectrum auctions drive investment nationwide voice 3g data networks.\n germany demand driven by government rural fourth generation network build-out tenant initiatives next generation wireless services.\n demand tower sites international markets coverage investing next generation data networks.\n rental management new site revenue growth.\n grew portfolio communications real estate acquisitions construction 8810 sites.\n international markets increased pass-through revenues expenses.\n evaluate opportunities larger communications real estate portfolios portfolio.\n new sites\ninternational 1 7850 10000 6870\n majority sites acquired 2012 brazil germany india uganda 2011 brazil colombia ghana india mexico south africa 2010 chile colombia india peru.\n network development services revenue growth.\n rental management operations services revenue small percentage total revenues.\n tower-related services site acquisition zoning permitting structural analysis support site leasing addition new tenants equipment network upgrades.\n expenses.\n ground rent property taxes repairs maintenance security power fuel costs.\n exclude selling administrative development expenses aggregated.\n increase adding tenants modestly year-over-year.\n leasing additional space new tenants provides cash flow.\n incur additional expenses presence areas portfolio.\n profit margin growth impacted addition new tenants diluted development activities."
}
{
    "_id": "dd4b8da4c",
    "title": "",
    "text": ".\n december 2 capital lease $ 1494627 19681 1514308 1505096 1493969 28492 1522461 1513662 issued $ 600. million. 25%. senior notes 2015 $ 900. million. 75%. notes 2020.\n proceeds $ 1. 5 billion net issuance discount $ 6. 6 million.\n unsecured indebtedness.\n incurred issuance costs $ 10. 7 million.\n amortized interest expense.\n 3. 45%. 2015 4. 92%. 2020 notes.\n payable semi-annually february 1 august 1.\n 2011 interest payments $ 62. 3 million.\n proceeds corporate purposes repayment balance credit facility.\n fair value $ 1. 6 billion december 2  2011.\n redeem subject premium.\n repurchase 101% principal amount plus accrued unpaid interest repurchase.\n notes include covenants liens sale leaseback transactions.\n december 2 2011 compliance with covenants.\n 2007 amendment 201camendment 201d increased senior unsecured revolving facility from $ 500. million to $ 1. billion.\n amendment permits one-year extensions closing majority consent.\n option request additional $ 500. million maximum $ 1. 5 billion.\n 2008 second amendment extended maturity date one year to february 16 2013.\n no extensions.\n terms conditions same.\n facility covenant not exceed maximum leverage ratio.\n borrowings accrue interest london interbank rate margin grid base rate.\n. 20%.\n commitment fees payable. 15%. per year.\n facility available loans corporate purposes.\n february 1  2010 paid outstanding balance $ 1.billion credit line borrowing.\n capital lease obligation 2010 sale-leaseback agreement equipment $ 32. 2 million leaseback 43 months.\n capital lease obligation recorded fair value.\n december 2 2011 capital lease obligations $ 19. 7 million $ 9. 2 million current debt.\n consolidated financial statements.\n 1493969\n lease obligations\n.\n december 2 2011 2010 1514308 1505096 1493969 february 2010 issued $ 600. million. 25%. notes 2015 $ 900. million. 75%. 2020.\n proceeds $ 1. 5 billion net issuance discount $ 6. million.\n unsecured unsubordinated indebtedness.\n incurred issuance costs $ 10. 7 million.\ndiscount issuance costs amortized to interest expense interest method.\n rate 3. 45%. % 2015. 92%. 2020.\n interest payable semi-annually february 1 august 1.\n 2011 interest payments $ 62. 3 million.\n proceeds available for corporate purposes repayment balance credit facility.\n fair value $ 1. 6 billion december 2 2011.\n redeem premium.\n repurchase equal 101% principal amount plus accrued unpaid interest.\n covenants liens sale leaseback transactions.\n compliance covenants.\n agreement amendment increased senior unsecured revolving facility $ 500. million to $ 1. billion.\n one-year extensions.\n option request additional $ 500. million maximum $ 1. 5 billion.\n2008 second amendment credit agreement extended maturity 16 2013.\n extensions.\n terms conditions same.\n covenant maximum leverage ratio.\n borrowings accrue interest london interbank rate six months periods margin pricing base rate.\n. 20%. 475%.\n commitment fees payable. 05%. 15%. per year.\n loans corporate purposes.\n february 1 2010 paid outstanding balance $ 1. billion credit line available borrowing.\n june 2010 sale-leaseback agreement equipment $ 32. 2 million leaseback 43 months.\n capital lease obligation recorded fair value.\n december 2 2011 capital lease obligations $ 19. 7 million $ 9. 2 million current debt.\n"
}
{
    "_id": "dd4c5141a",
    "title": "",
    "text": "consolidated financial statements notes 6 7 fair value cash instruments derivatives sold not purchased 8 fair value assets liabilities.\n table presents assets liabilities fair value.\n.\n cash collateral counterparty netting impact derivatives netting fair value hierarchy.\n netting positions level.\n december 2013\n level 1 assets $ 156030 $ 190737\n 2 499480 502293\n 3\n cash collateral counterparty netting -95350\n fair value $ 600173 $ 638513\n 911507 938555\n 3 assets 4. 4%. 4 %. 0%.\n fair value 6. 7%. 7 % 7. 4%. 4 %\n 1 68412 65994\n 2 300583 318764\n 3\n collateral counterparty netting -32760\nfinancial liabilities fair value $ 355173 $ 377677\n level 3 liabilities 3. 4%. 8%.\n.\n $ 890 billion $ 915 billion december 2013 2012.\n level 3 assets 2013 decreased derivative assets bank loans loans commercial real estate.\n decline credit settlements unrealized losses.\n settlements sales offset purchases transfers.\n liabilities december 2013 decreased liabilities accrued expenses sale majority stake insurance business.\n notes 6 7 8 level 3 cash instruments derivatives assets liabilities unrealized gains losses transfers.\n sachs 2013 annual report"
}
{
    "_id": "dd4bc67a2",
    "title": "",
    "text": "humana inc.\n financial statements 2014.\n stockholders 2019 equity dividends table dividend payments excluding rights 2016 2017 2018 quarterly cash dividend policy payment.\n 2016 $. $ 172\n 2017 $. 216\n 2018 $. $ 262\n declared cash dividend $ 0. 50 per share paid january 25 2019 stockholders december 31 $ 68 million.\n future dividends.\n cash dividend $ 0. 55 per share april 26 2019 stockholders 29.\n repurchases authorize purchase common shares.\n purchased prices securities exchange act privately-negotiated transactions repurchase agreements regulatory restrictions.\n authorized repurchase $. billion common shares december 31 2017 employee stock plans.\nfebruary 16 2017 accelerated share repurchase agreement goldman sachs.\n $ 1. 5 billion common stock $ 2. 25 billion repurchase february 14 2017.\n february 22 2017 $ 1. 5 billion sachs delivery 5. 83 million shares.\n reduction stockholders 2019 equity $ 1. 2 billion increase treasury stock. $ 300 million decrease capital.\n august 28 2017 additional 0. 84 million shares average daily price $ 224. 81  total shares 6. 67 million.\n reclassified $ 300 million treasury stock.\n repurchased additional 3. 04 million shares open market remaining $ 750 million $ 2. 25 billion authorization.\n december 14 2017 board authorized repurchase $ 3.shares 31 2020 repurchased stock plans."
}
{
    "_id": "dd4b9bda4",
    "title": "",
    "text": "sum buyout cost $ 1. million.\n total rent expense leases $ 893000 $ 856000 $ 823000 fiscal years 2001 2002 2003.\n 36-month leases $ 644000 office furniture.\n leases ended 2003 furniture purchased fair market value.\n rental expense $ 215000 $ 215000 $ 127000.\n 2000 36 capital lease computer equipment software $ 221000.\n ended 2003 assets purchased stipulated buyout price.\n future minimum lease payments non-cancelable leases march 31 2003.\n leases\n 2004\n 2005\n 2006\n 2007 769\n 2008\n future minimum lease payments $\n company involved legal administrative proceedings claims.\n outcome adverse effect.\n.\n stock option purchase granted fair value underlying common stock date.\nstock options not exercised expire 10 years grant.\n 1992 combination stock option plan adopted september 1992 incentive.\n 2670859 options awarded ten-year may 1 2002.\n march 31 2003 1286042 options outstanding eligible future exercise.\n held by employees exercisable over five years.\n 1998 equity incentive plan adopted august 1998.\n grants options employees directors advisors consultants.\n maximum 1000000 shares common stock awarded.\n exercisable subject terms.\n vesting periods 3 to 5 years from grant.\n 2000 stock incentive plan adopted august 2000.\n grants options employees directors advisors.\n to 1400000 shares common stock awarded exercisable terms.\n vested 4 years from grant.\n nonqualified stock option plan for non-employee directors.\ndirectors 2019 plan adopted july 1989 options purchase non-employee directors.\n 400000 shares.\n options vesting 1 5 years.\n financial statements march 31 2003 page"
}
{
    "_id": "dd4b8de70",
    "title": "",
    "text": "liquid securities maturity three months or less cash equivalents.\n maturities greater than three months available-for-sale short-term investments.\n carrying value interest-bearing instruments fair value as december 29 2012.\n interest rates revolving credit facility variable interest expense affected rates.\n fluctuate market interest rates consolidated leverage ratio.\n december 29 2012 no outstanding balance credit facility.\n note 3 financial.\n equity price risk convertible notes 2015 2013 notes include conversion settlement provisions based price common stock.\n hedges warrants include settlement provisions based price stock.\n cash shares determined by price common stock.\n.\n expiration 2015 warrants shares common stock purchasers price warrant strike price $ 10. 78.\n table shows number shares 2015 warrant counterparties at expiration prices shares millions.\n\n 11.\n 12. 4 7\n 13.\n 14. 10\n 15. 13.\n 16. 15.\n 17. 17\n 18. 18\n 19. 20.\n 20. 21.\n expiration 2015 warrants diluted earnings share shares increase average closing stock price exceeds $ 10.\n 2015 2013 3 consolidated financial statements financial condition results operations."
}
{
    "_id": "dd4c5e9a8",
    "title": "",
    "text": ".\n strategic business objectives.\n assets liabilities recorded fair values included consolidated balance sheet.\n purchase price allocation based on value liabilities.\n purchase price reduced for cash equivalents.\n 2017 2016 2015 not significant financial statements financial information.\n acquired $ 798. 3 million outstanding debt.\n pre-acquisition sales $ 245 million leading european manufacturer marketer hygiene disinfection products healthcare.\n innovative product line.\n deposited 20ac50 million escrow account released 2017.\n recorded restricted cash consolidated balance sheet december 31.\n incurred acquisition integration costs reflected in consolidated statement income.\n note 3.\n cash paid for anios.\n tangible assets 139.\n intangible assets\n customer relationships.\n trademarks.\n technology.\n assets acquired 473.\n511.\n liabilities 187.\n 798.\n debt repaid 192.\n sellers 605.\n accounts receivable $ 64. million property equipment $ 24. 7 million inventory 29. 1 million.\n deferred tax 102. 3 million current 62. 5 million.\n trademarks amortized 20 17 11 years.\n 511. 7 million acquisition synergies economies healthcare portfolio.\n institutional healthcare specialty food beverage.\n deductible tax."
}
{
    "_id": "dd4bb3742",
    "title": "",
    "text": "average grant date performance stock units 2008 2007 $ 84. 33 $ 71. 72.\n total $ 33712 $ 49387 $ 9181 .\n 30 vesting term 1. 28 years.\n time-vested three years after grant key executives vest year retirement.\n share-based compensation expense recorded service period retirement eligibility.\n fair value based market value company stock grant.\n summary time-vested stock units september 30 2009 changes average grant date fair value.\n october 1 $ 69. 35\n granted.\n.\n forfeited canceled.\n 30 $ 69. 36\n vest.\n grant date value-vested units 2008 2007 $ 84. 42 $ 72. 20.\nvalue time-vested stock units 2009 2007 $ 29535 $ 26674 $ 3392 .\n vesting term 1. 71 years.\n unrecognized compensation expense non-vested awards $ 97034 2. 02 years.\n 4295402 shares authorized for future grants 2004 plan.\n share-based payments open market purchases or shares treasury.\n sufficient shares treasury payments 2010.\n award plan grants shares employees.\n distribution 25% award deferred after retirement deferred portion five installments.\n balance over five years.\n plan terminated 2004 plan.\n awards for 114197 161145 shares outstanding.\n 2014"
}
{
    "_id": "dd4bb59ac",
    "title": "",
    "text": "liquidity citigroup subsidiaries include deposits collateralized financing transactions debt commercial paper trust securities purchased/wholesale funds.\n funding sources diversified across geography franchise.\n diverse retail corporate deposit base $ 774. 2 billion.\n diversified products regions two-thirds outside.\n stable low-cost source funding.\n portion deposits long-term stable core.\n qualitative quantitative assessments calculation core deposits.\n qualitative.\n deposits wholesale funding excluded core.\n quantitative analysis.\n foreign exchange sale retail banking deposit base stable.\n increases in transaction services.\n retail banking smith barney.\n offset by wholesale funding de-leveraging declines consumer banking private bank.\n citigroup subsidiaries global capital markets.\n funding activities by citigroup.issues long-term debt medium-term notes trust securities common stock citigroup funding.\n first-tier subsidiary issues commercial paper medium-term notes equity-linked credit-linked notes guaranteed by citigroup.\n debt collateralized advances federal home loan bank investment vehicles asset-backed outstandings borrowings foreign subsidiaries.\n citigroup operations with capitalization regulatory structure environment.\n attention to businesses international markets.\n citigroup borrowings diversified by geography investor instrument currency.\n from issuance.\n citigroup liquidity commercial paper programs two credit card securitization trusts.\n support trusts.\n economic downturn increased credit enhancement omni trust plans master trust.\n preserves investor sponsorship card securitization franchise.\nlegal limitations citigroup depository institutions extend credit pay dividends supply funds non subsidiaries.\n approval comptroller supervision required dividends exceed regulations.\n state-chartered depository institutions subject dividend limitations state law.\n risk capital leverage ratio requirements policy statements federal regulatory dividends earnings.\n citigroup receives dividends.\n not regulatory restrictions dividends.\n cgmhi declare dividends restricted capital considerations broker-dealer subsidiaries.\n balance sheet liquid assets marketable securities collateralized short financing agreements.\n monitors evaluates capital borrowing base liquidity regulatory capital requirements subsidiaries.\n non-bank subsidiaries credit facilities institutions.\n borrowings secured section 23a federal reserve act.\nlegal restrictions bank non-bank subsidiaries credit citigroup.\n transactions secured collateral.\n note 20 consolidated financial statements page 169.\n december 31 2008 long-term debt commercial paper citigroup cgmhi cfi subsidiaries billions citigroup company funding.\n subsidiaries long-term debt $ 192. $. $ 37.\n. subsidiaries\n long-term debt $ 192. $. 37.\n commercial paper 28.\n december 31 2008 $ 67. 4 billion collateralized advances federal home loan bank.\n citigroup.\n guarantees cfi debt cgmhi securities."
}
{
    "_id": "dd4bb1a6e",
    "title": "",
    "text": "union-represented mainline employees covered amendable.\n joint reached post-merger groups except maintenance fleet service stock clerks training instructors association separate cbas amendable third quarter 2018.\n negotiations outside traditional bargaining process no self-help permissible.\n-owned regional subsidiaries mechanics flight attendants agreements amendable negotiations.\n envoy passenger service employees negotiations.\n piedmont fleet passenger service employees tentative five-year agreement subject to ratification.\n.\n disputes strikes labor disruptions affect operations. availability price jet fuel second largest expense.\n one cent per gallon increase fuel price 2018 annual fuel expense $ 45 million.\n aircraft fuel consumption costs mainline regional operations 2017 2016 2015.\n.\n.73 $ 7510 19. 7%. 7 % )\n 2016 4347. 42 6180 17. 7%. 7 % )\n 2015 4323. 72 7456 21. 4%. 4 % )\n december 31 2017 fuel hedging contracts.\n exposed fluctuations prices.\n current policy not.\n fuel prices fluctuated.\n predict future availability price volatility cost.\n natural disasters.\n political disruptions wars fuel governmental policy strength.\n dollar petroleum pipelines terminals speculation energy futures fuel production capacity environmental concerns supply shortages distribution challenges fuel price volatility cost increases.\n.\n business price availability aircraft fuel.\n high volatility increased prices disruptions operating results liquidity. demand revenues airline second third quarters greater first fourth quarters.\neconomic conditions fears terrorism fare initiatives fuel prices labor actions weather disasters outbreaks impact seasonal pattern.\n quarterly results year historical results future."
}
{
    "_id": "dd4c12b5c",
    "title": "",
    "text": "fourth quarter 2002 aes lost voting control cemig ownership.\n owns shares holds project financing debt.\n stopped consolidating december 31 2002.\n.\n fourth quarter 2003 sold 25% ownership medway power 688 mw natural gas-fired facility united kingdom medway operations operating valued a347 million $ 78.\n gain $ 23 million.\n.\n second quarter 2002 sold investment empresa infovias.\n telecommunications company brazil $ 31 million cemig.\n loss sale $ 14 million sale assets impairment expenses.\n second quarter 2002 impairment charge $ 40 million equity investment telecommunications company latin america.\n poor operating performance funding problems.\n lost control central electricity supply corporation distribution company orissa.\n appointed administrator control.\n cost investment.\n investment negative.\naugust 2000 subsidiary acquired 49% interest songas $ 40 million.\n acquired additional. 79%. $ 12. 5 million 2002.\n songas owns gas-to-electricity project tanzania.\n december 2002 agreement 100% ownership songas.\n sale closed april 2003 note 4.\n tables comparative financial information entities accounted equity method.\n years december 2003 2001\n revenues $ 2758 $ 2832 $ 6147\n operating income 1039\n net income\n assets 1347\n noncurrent\n liabilities\n stockholder's equity 3597\n february 2002.\n results financial position impacted devaluation brazilian real.\n real devalued 32% 19% 19 % years december 31 2002 2001."
}
{
    "_id": "dd4bfa8cc",
    "title": "",
    "text": "$ 44. 9 million $ 38. 2 million net taxes expected earnings next twelve months.\n foreign currency exchange contracts currency exposures assets liabilities.\n foreign currency translation gains/losses earnings.\n offset gains/losses contracts reporting period.\n refers revenues expenses gains losses excluded net earnings stockholders 2019 equity.\n foreign currency translation adjustments unrealized currency hedge gains losses securities amortization prior service costs unrecognized gains losses actuarial assumptions.\n income balance december 31.\n 2007 foreign currency translation $ 267. 7 $ 101. 1 $ 368. 8\n foreign currency hedges.\n unrealized gains losses securities.\n unrecognized prior service cost gain loss actuarial assumptions.31.\n income $ 209. $ 81. $ 290.\n treasury stock repurchases common stock reduction shareholders equity.\n reissue common stock limited purposes.\n 2006 fasb issued interpretation.\n uncertainty taxes model.\n income tax disclosures 11.\n 2006 fasb issued.\n 158 defined benefit pension postretirement plans amendment statements.\n 88 106 132. funded status benefit plan.\n.\n gains losses deferred pension accounting rules modifies timing reporting adds disclosures.\n fiscal year december 15 2006 15 2008.\n adopted.\n 158 december 31 2006.\n pension postretirement disclosures 10.\n 2004 fasb issued.\n 123 201cshare-based payment 201d revision.\n.\n share-based payments options fair values.\nadopted sfas 123 january 2006 modified prospective method restate periods.\n september 2006 fasb issued.\n 157 201cfair value measurements defines framework expands disclosures.\n measurements guidance hierarchy.\n.\n effective financial statements fiscal years november 15 2007.\n february 2008 fasb issued.\n 157-2 delays effective date provisions.\n non-financial assets liabilities november 15 2008.\n adoption.\n impact consolidated financial statements results.\n february 2007 issued.\n 159 fair value option financial assets liabilities amendment fasb statement.\n 201d.\n.\n.\n value option 201d record financial assets liabilities fair value.\n changes fair value recognized earnings.\n contract-by-contract supported concurrent documentation preexisting policy.\n.\n disclose fair.\n2 0 0 7 r notes consolidated financial statements continued"
}
{
    "_id": "dd4bf49c2",
    "title": "",
    "text": "selling costs increased $ 25. million to $ 94. 6 million 2010 from 69. million 2009.\n due higher personnel expansion distribution performance incentive plan.\n costs increased 8. 9%. 2010 from. 1%. 2009.\n product innovation supply chain costs increased $ 25. million to $ 96. million 2010 71. million 2009 apparel distribution facilities.\n expenses performance incentive plan.\n. 1%. 2010.\n corporate services costs increased $ 24. million to $ 98. 6 million 2010 74. million 2009.\n higher facility costs information technology initiatives personnel costs increased expenses performance incentive plan.\n increased. 3%. 2010 from. 7%. 2009.\n income operations increased $ 27. 1 million. $ 112. 4 million 2010 from 85. 3 million 2009.\n. 6%. 2010. 2009.\n.\nexpense unchanged $ 2. 3 million.\n increased. 7 million $ 1. 2 million 2010. million 2009.\n due higher net losses foreign currency exchange rate changes euro canadian dollar derivative financial instruments.\n income taxes increased 4. 8 million to $ 40. 4 million 2010. 6 million 2009.\n effective tax rate 37. 1%. 2% due tax planning federal state tax credits offset valuation allowance foreign operating loss.\n revenues region.\n.\n countries.\n.\n revenues north american segment increased $ 385. 5 million to $ 1383. 3 million 2011. 8 million 2010 due.\n revenues foreign countries increased $ 23. 2 million to $ 89. 3 million 2011.1 million 2010 footwear unit sales growth latin american."
}
{
    "_id": "dd4bd05a4",
    "title": "",
    "text": "2011 issued $ 1200 million senior notes credit facility third-party lenders $ 1225 million.\n december 31 2011 long-term debt $ 1859 million senior notes credit facility $ 105 million third party debt spin-off.\n transition services agreement northrop grumman services transition.\n 12 months enterprise shared services information technology resource planning financial procurement benefits support.\n transition agreement ends march 31 2012 services-party providers.\n services cost extended six months transition.\n note 20 transactions former parent company equity.\n tax matters agreement northrop grumman rights responsibilities obligations tax liabilities benefits attributes contests.\n federal state local foreign income taxes.\n liabilities northrop grumman consolidated.\n income taxes northrop grumman group periods.\ntax matters agreement specifies tax liability northrop grumman.\n rules allocating tax liabilities spin-off transactions not tax-free.\n note 20 transactions parent company equity.\n transition services agreement tax agreement impact financial condition.\n contractual obligations december 31 2011 estimated future cash payments 2012 2013 2014 2015 2016 2017.\n long-term debt $ 1859 $ $ 396 1305\n interest payments\n operating leases\n purchase obligations 2425\n long-term liabilities\n contractual obligations $ 5849  $ 1637 $ 1239 $ 897 $ 2076\n payments $ 554 million variable interest rate debt december 31 2011.\nobligation agreement purchase goods enforceable binding terms quantities price provisions timing.\n purchase order commitments vendors subcontractors funded contracts.\n long-term liabilities workers 2019 compensation reserves deferred compensation miscellaneous liabilities $ 201 million compensation liabilities.\n excludes uncertain tax positions $ 9 million.\n excludes retirement contributions.\n 2012 minimum contributions pension plans $ 153 million $ 65 million.\n recoveries.\n.\n $ 35 million postretirement plans"
}
{
    "_id": "dd4c25234",
    "title": "",
    "text": "2006 fasb issued.\n defined benefit pension postretirement plans amendment statements.\n 87 88 106 132. eliminated pension liability adjustment.\n underfunded overfunded defined benefit plan financial.\n 2006.\n recognized after-tax decrease income $. 187 billion $ 513 million.\n pension benefit plans 218 million postretirement health care life insurance benefit plan.\n.\n reclassification adjustments avoid double counting income.\n 2007 $ 198 million pre-tax $ 123 million after-tax reclassified pension postretirement expense.\n amortization transition obligation prior service cost net actuarial gain loss.\n reclassification adjustments.\n tax provision translation foreign currency financial statements.\n dollars.\n.\n supplemental cash flow information.\n income tax payments\n interest payments\n capitalized interest\nconsolidated cash flows exclude acquisitions divestitures exchange rate.\n 2007 2006 3m restructuring 2005 non-cash impact fin 47 $ 35 million.\n investing financing non-cash 2007 3m purchased assets diamond productions.\n 150 thousand shares common stock market value $ 13 million.\n liabilities acquisitions."
}
{
    "_id": "dd4b917dc",
    "title": "",
    "text": "graph shows five-year stockholder return common stock october 28 2012 29 2017.\n compared return standard 500 index rdg semiconductor composite index.\n assumes $ 100 invested october 28 2012 stock reinvestment dividends.\n amounts rounded nearest dollar.\n represents past future.\n 5 year return. s&p 500 index semiconductor composite index $ 100 invested 10/28/12/31/12 reinvestment dividends.\n month-end.\n s&p.\n.\n 10/28/2012/27/2013/26/2014 10/25/2015 10/30/2016 10/29/2017\n. 293.\n&p 500.\n semiconductor composite.\n 2017 2016 2015 board directors declared quarterly cash dividends $ 0. 10 per share.\nanticipates cash dividends quarterly future board financial condition results capital requirements business conditions stockholders.\n 10/28/12/27/13/26/14 10/25/15 10/30/16/29/17 materials.\n s&p 500 rdg semiconductor composite"
}
{
    "_id": "dd4bc0dd4",
    "title": "",
    "text": "2008 network operations better customer service.\n fuel prices crude oil prices increased seven months 2008 record high $ 145. barrel july.\n economy worsened fuel prices dropped $ 33. 87 per barrel december five-year low.\n declines 2008 average fuel price increased 39% added $ 1. 1 billion operating expenses 2007.\n fuel surcharge programs prices.\n reduced consumption rate 4% saving 58 million gallons fuel.\n newer fuel efficient locomotives fuel conservation programs improved network operations shift commodity mix bulk shipments.\n free cash flow 2013 record $ 4. 1 billion free cash flow $ 825 million 2008.\n operating investing dividends.\n not financial measure.\n financial performance.\n.\n 2008 2007 2006.\n $ 4070 3277 2880\ninvesting -2764 2764\n dividends -481 -364\n free cash flow $ 825 $ 487 $ 516\n 2009 outlook 2022 safety safe railroad benefits employees customers shareholders public.\n multi-faceted approach safety technology risk assessment quality control training.\n total safety culture.\n safety.\n maintain upgrade close crossings video cameras educate public crossing safety.\n traffic network patterns simplify operations efficiency asset utilization.\n maintain manpower locomotives improve productivity industrial engineering.\n fuel prices decrease 2008.\n economic uncertainty global pressures weather incidents volatile.\n reduce impact fuel price earnings"
}
{
    "_id": "dd4c31dd6",
    "title": "",
    "text": "summary floor space business segment december 31  2010 feet millions owned leased government- owned.\n leased government-owned aeronautics 5. 3. 15. 24.\n electronic systems 10. 11. 7. 28.\n information systems global solutions 2. 10\n space systems 8. 11.\n corporate activities. 3\n 29. 25. 5 23. 78.\n owned properties corporate activities leased third parties.\n manufacturing operations job-order nature equipment multiple uses products.\n physical facilities good condition adequate for use.\n.\n legal proceedings protection environment.\n corporation unfavorable resolution net earnings.\n predict outcome.\n proceedings note 14 2013 legal proceedings commitments contingencies page 78.\n agencies.\n government investigate operations regulatory requirements.\n.\ngovernment investigations result in administrative civil criminal liabilities repayments fines penalties suspension debarment.\n contracting.\n.\n take years no adverse action.\n subject to federal state requirements environment discharge hazardous materials remediation contaminated sites.\n lawsuits environmental protection.\n legal proceedings claims remediation obligations.\n financial exposure estimated.\n information estimates remediation clean-up see accounting policies 2013 environmental matters management financial condition 14 legal proceedings commitments contingencies page 78.\n.\n.\n executive officers age at december 31 2010 positions offices occupation business experience five years.\n no family relationships among officers directors.\n serve board directors.\n.\n executive vice president 2013 information systems global solutions.\n since 2007.\ndeputy vice president president lockheed 1997 2006.\n christopher.\n gregoire vice president controller.\n 2010.\n sprint nextel august 2006 2009 principal accounting officer assistant controller partner deloitte touche 2003 july 2006."
}
{
    "_id": "dd4c32ede",
    "title": "",
    "text": "five year summary performance 2013 corporate income increased earnings $ 214 million $ 139 million after tax $.\n reduction income tax expense $ 62 million $ 0. 14 per share extraterritorial income exclusion.\n increased earnings $ 201 million after tax $ 0. 45 per share.\n items not increased earnings $ 173 million $ 113 million after tax $ 0. 25 per share.\n items not considered decreased earnings $ 215 million  $ 154 million after tax $.\n reduction income tax expense closure internal revenue service examination $ 144 million $ 0. 32 per share.\n reduced earnings $ 10 million after tax $ 0. 02 per share.\n items not considered decreased earnings $ 153 million $ 102 million after tax.22 per share.\n includes earnings before taxes $ 1112 million $ 632 million after tax $ 1. 40 per share.\n return on invested capital net earnings after-tax interest expense divided average invested capital debt postretirement benefit plans.\n reporting roic visibility.\n investment decisions long performance measure management performance incentive compensation plans.\n not measure financial performance.\n earnings.\n calculate roic 2006 2005 2004 2003.\n net earnings $ 2529 $ 1825 1266 1053 500\n interest expense multiplied 65%\n return $ 2764 $ 2066 $ 1542 $ 1370 $ 878\n $ 4727 $ 5077 5932 6612 7491\n 7686 7590 6170 6853\n benefit plan 1504\ninvested capital $ 14419 $ 14212 14243 14286 14685\n 19. 2%. 2 % 14. 5%. 5 % 10. 8%. 8 % 9. 6%. 6 % 6. 0%. 0 %\n after-tax interest federal rate 35%.\n long-term short-term borrowings.\n non-cash adjustments minimum pension liability adoption fas 158 2006.\n benefit plan adjustments cumulative. adjustments 2006 $ 1883 million 2005 105 2004 2003 331 2002 1537.\n prior year entries 20% current year value.\n yearly averages calculated end."
}
{
    "_id": "dd4bc1504",
    "title": "",
    "text": "table refined products sales average price three years.\n 2009 2008 2007.\n gasoline 830 756 791\n distillates 357 377\n propane 23\n feedstocks special products 75 100\n heavy fuel oil\n asphalt 69 76\n 1378 1352 1410\n average sales price per barrel $ 70. $ 109.\n gasoline blendstocks.\n.\n fuel oils midwest upper plains gulf coast southeastern.\n sold 51 percent gasoline 87 percent distillates 2009.\n demand gasoline seasonal summer.\n blended ethanol gasoline 20 years 2007 regulations.\n 60 2009 54 2008 40 2007.\n future expansion driven economics supply government regulations.\nsell reformulated gasoline blended ethanol chicago louisville milwaukee wisconsin hartford.\n biodiesel diesel minnesota illinois kentucky.\n produce propane seven refineries.\n home heating cooking petrochemical grain drying.\n sales split home heating industrial consumers.\n producer marketer petrochemicals specialty products.\n benzene cumene naphthalene maleic anhydride sulfur toluene xylene.\n market propylene cumene sulfur.\n maleic anhydride canada.\n 1400 tons anode coke robinson 5500 tons.\n discontinued production petroleum aliphatic solvents catlettsburg refinery.\n heavy residual fuel oil seven refineries.\n utility bunkering.\n refinery asphalt production 108 mbpd.\nmarket asphalt 33 terminals midwest southeast.\n base 675 asphalt contractors government entities manufacturers.\n sell asphalt wholesale cargo barge.\n produce cements emulsified industrial asphalts.\n acquired 35 percent interest 110-million-gallon clymers indiana.\n 50 percent interest greenville ohio.\n.\n co-owner."
}
{
    "_id": "dd497aec6",
    "title": "",
    "text": "2013 ppg annual report form 10-k notes consolidated financial statements.\n accounting policies principles consolidation financial statements include accounts ppg industries.\n subsidiaries.\n.\n ppg owns 50% voting stock subsidiaries.\n subsidiaries ownership less 100% outside shareholders noncontrolling interests.\n investments ppg owns 20% to 50% 50 voting stock operating financial policies equity method accounting.\n ppg share earnings losses equity affiliates statement income equity \"investments balance sheet.\n transactions ppg subsidiaries eliminated.\n estimates financial statements.\n estimates assumptions assets liabilities income expenses.\n include fair value assets acquired liabilities assumed purchase.\n outcomes differ.\n revenue recognition earnings process complete.\nrevenue from sales recognized segments goods shipped risk loss customer services rendered.\n shipping handling costs reported in sales.\n shipping handling costs included in depreciation amortization.\n selling administrative costs selling service distribution advertising costs support finance law human resources planning.\n distribution costs storage finished goods owned leased warehouses terminals distribution facilities.\n advertising costs expensed $ 345 million $ 288 million $ 245 million in 2013 2012 2011.\n research development employee related incurred.\n 31.\n $ 505  $ 468  $ 443\n depreciation facilities\n $ 488 $ 453 $ 428\n legal costs expensed as incurred.\n acquisition divestiture litigation environmental regulation compliance patent trademark protection purposes.\n.\n local.\nassets liabilities translated.\n dollars year-end exchange rates income expenses translated average exchange rates.\n unrealized foreign currency adjustments deferred loss 2019 equity.\n cash equivalents liquid valued cost maturity three months less.\n short-term investments high credit maturities three months one year.\n purchases sales investing activities cash.\n marketable equity securities investment recorded fair market value reported assets balance sheet changes fair market value."
}
{
    "_id": "dd4b8a7fc",
    "title": "",
    "text": "systems incorporated consolidated financial statements.\n november 27 2009 28 2008.\n acquired rights technology 84313 90643\n investments\n security deposits\n prepaid royalties\n deferred compensation plan assets\n restricted cash\n prepaid land lease\n prepaid rent\n assets 191265 216529\n acquired rights 2009 $ 6. million $ 100. 4 million.\n 2008 $ 56. 4 million future licensing rights amortized fifteen years.\n remaining 2008 $ 27. 2 million historical licensing rights cost sales $ 16. million general administrative costs.\n acquire additional rights.\n note 17.\n acquired rights amortized lives 3 15 years.\n ventures $ 37. million $ 39. million november 27 2008 consolidated.\npartnership controlled by granite ventures independent capital partner of adobe.\n primary beneficiary bear risks rewards.\n investment in on financial position results cash flows.\n equity estimated value gains losses in statements income.\n investments at not publicly traded no established market for.\n fair value use recent financing estimates market value.\n policy fair value.\n cash position financing needs earnings revenue outlook operational performance management ownership changes competition.\n based on information.\n not subject to disclosure regulations.\n to timing accuracy.\n note 4 for.\n direct investments in privately-held companies $ 26. 4 million $ 37. 6 million as of november 27 2009 2008 cost method.\n assess for impairment value circumstances.\n.\npurchase sale agreement 2008 waltham massachusetts.\n office parking improvements.\n purchase price $ 44. 7 million closed june 16 2009.\n deposit $ 7. million november 2008 balance paid closing.\n escrow purchase price."
}
{
    "_id": "dd4bf03ea",
    "title": "",
    "text": "company restricted stock plan non directors 300000 shares.\n shares issued 2009.\n directors 2019 deferral plan director compensation deferred.\n shares held trust 4356 represented 2019 compensation 2009.\n unsecured contractual commitment.\n deferred compensation plan-compensated employees defer salary incentive awards equity-based compensation.\n 30 2009 shares issuable.\n 2014 earnings shares diluted earnings.\n common shares 240479 244323 244929\n equivalents 246798 252681.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n2014 segments medical diagnostics biosciences.\n lines needles syringes intravenous catheters medication safety auto-disable devices prefilled syringes insulin prefillable drug delivery devices surgical blades anesthesia critical care monitoring devices ophthalmic surgical instruments sharps disposal containers.\n diagnostics integrated systems specimen collection blood plated media blood culturing molecular testing microorganism identification drug susceptibility cytology cancer rapid diagnostic assays.\n biosciences fluorescence activated cell sorters analyzers cell imaging systems monoclonal antibodies reagent systems life sciences drug discovery cell culture biopharmaceutical manufacturing diagnostic assays.\n operating income.\n revenues reduced costs expenses.\n hedges. products.\n gains losses revenues sales.products.\n becton dickinson statements"
}
{
    "_id": "dd4c47582",
    "title": "",
    "text": "retail electric price variance due formula rate plan revenues billing cycle 2016-year revenue power blocks 3 4 union power station waterford 3 replacement steam generator review.\n note 2.\n louisiana act 55 financing savings obligation variance regulatory charge 2016 tax savings.\n savings 2010-2011 audit settlement louisiana act 55 financing storm costs hurricane gustav.\n note 3.\n volume/weather variance due less weather residential sales decreased usage unbilled.\n offset increase 1237 gwh 4% industrial usage demand expansion chemicals industry.\n net revenue fuel expenses power expenses regulatory charges.\n change net revenue 2016 2015.\n.\n 2408.\n.\n.\n louisiana act 55 financing savings obligation.\n.\n 2016 revenue $ 2438.\nretail electric price variance due formula rate plan revenues billing cycle 2016 first-year revenue power blocks 3 4 union power.\n note 2 financial.\n volume/weather variance due weather residential sales offset industrial usage volume unbilled.\n usage new customers expansion projects chemicals industry.\n louisiana act 55 financing savings variance tax savings.\n savings 2010-2011 audit settlement act costs hurricane gustav ike.\n note 3 financial.\n provision $ 23 million 2016 waterford 3 replacement steam generator offset $ 32 million 2015"
}
{
    "_id": "dd4b97e7a",
    "title": "",
    "text": "financial statements value.\n no stock options 2015 2014.\n value option $ 4.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.expected volatility stock options historical volatility common stock implied volatility tradable forward call options.\n estimate average options exercised full vesting date midpoint current. full contractual term.\n factors historical option behavior terms vesting periods.\n risk-free interest rate determined implied yield zero-coupon.\n government issuers term equal.\n expected dividend yield calculated annualized dividend $ 0. 30 per share 2013.\n awards cash performance- based employees.\n depends performance 0% to 300% target.\n awards subject to restrictions vesting requirements determined committee.\n fair value shares grant date amortized over vesting period three years.\n completion vesting period cash-settled awards grantee payment cash based fair market value shares common stock.\n no monetary consideration paid incentive award.\nvalue cash-settled awards adjusted share price.\n holders stock vesting right vote receive dividends.\n dividends accrued vesting paid.\n cash-settled performance-based awards no ownership until issued."
}
{
    "_id": "dd4c39c3e",
    "title": "",
    "text": "2013 $ 50 million reduction indemnification asset.\n.\n increased 362 million 6% $ 6518 million 2014 6156 million 2013.\n employee compensation benefits fund expense.\n charitable contribution excluded.\n.\n expense increased 510 million revenue $ 124 million charitable contribution.\n compensation increased 273 million $ 3560 million 2013 3287 million 2012 headcount income performance fees.\n employees 11400.\n distribution servicing costs $ 353 million 364 million 2012.\n bank america/merrill lynch.\n $ 184 million $ 195 million bank america/merrill lynch.\n direct fund expense increased $ 66 million.\n increased $ 181 million $ 124 million charitable contribution marketing promotional costs lease exit costs.\n $ 30 million contribution.\nadjusted.\n expense increased $ 393 million 7% to $ 6156 million 2013 from $ 5763 million 2012.\n increase attributable to higher employee compensation benefits direct fund administration expense.\n nonoperating results income less net income loss nci 2014 2013 2012 2013 2012 income 79 116 54 net income loss 30 19 18 ) 49 97 36 gain charitable contribution 2014 compensation expense deferred compensation plans nonoperating income losses $ 41 million $ 38 million consolidated variable interest entities 2014 2012.\n 2013 record nonoperating income net income statements.\n net income loss.\n millions 2014 2013 2012\n nonoperating income $ -79 $ 116 -54 54\n net income loss\n income\n gain charitable contribution 2014\nexpense deferred compensation plans -7\n nonoperating income\n 2013 foreign currency remeasurement $ 50 million reduction indemnification asset.\n.\n increased $ 362 million $ 6518 million 2014 6156 million 2013.\n employee compensation benefits direct fund expense.\n reduction indemnification asset charitable contribution excluded.\n.\n expense increased $ 510 million 9% revenue $ 124 million charitable contribution.\n compensation benefits increased 273 million $ 3560 million 2013 3287 million 2012 headcount income performance fees.\n employees 11400.\n distribution servicing costs $ million 2013 364 million 2012.\n bank of america/merrill lynch.\n 2012 $ 184 million $ 195 million bank america/merrill lynch.\nfund expense increased $ 66 million higher average aum related to ishares blackrock pays nonadvisory expense.\n administration expense increased $ 181 million driven by $ 124 million charitable contribution marketing costs lease exit costs.\n 2012 $ 30 million contribution stifs.\n.\n expense increased $ 393 million 7% to $ 6156 million 2013 from $ 5763 million 2012.\n increase to higher employee compensation benefits direct fund administration expense.\n nonoperating results less net income loss nci 2014 2013 2012 net income charitable contribution expense deferred compensation losses of $ 41 million $ 38 million consolidated variable interest entities 2014 2012.\n nonoperating income.\n loss nci."
}
{
    "_id": "dd4980f7e",
    "title": "",
    "text": "duke realty corporation annual report 2009 net income loss per common share computed income less dividends weighted average common shares.\n diluted income noncontrolling interest earnings units not average shares limited partnership units potential dilutive securities.\n first quarter 2009 adopted new accounting standard 260-10 participating securities applied calculations diluted earnings.\n share-based awards participating securities earn dividend equivalents not forfeited.\n table reconciles basic diluted net income loss common share.\n 2009 2008 2007\n net income loss shareholders -333601 50408 211942\n dividends share-based awards -1631 -1149\n income -335360 48777 210793\n noncontrolling interest earnings common unitholders\ndiluted net income loss common shareholders $ -335360 $ 51417 $ 224791\n common shares 201206 146915 139255\n partnership units 7619 9204\n potential dilutive shares 19 791\n shares securities 201206 154553 149250\n partnership units anti-dilutive december 31 2009 net loss.\n 6687 units excluded shares securities $ 11099 noncontrolling interest earnings excluded net loss.\n excludes 7872 8219 1144 anti-dilutive shares 2009 2008 2007 stock-based compensation plans.\n excludes exchangeable notes 8089 ; 11771 11751 anti-dilutive shares.\n real estate investment trust 1986.\n qualify meet organizational requirements distribute 90% adjusted taxable income stockholders.\n management maintain reit status.\nreit entitled to tax deduction dividends shareholders.\n subject federal taxes distribute equal taxable income shareholders.\n subject to federal taxes income not.\n fail qualify subject federal taxes four years.\n reit qualification reduces state local taxes.\n financial statements include taxable corporate subsidiaries not dividends deduction subject taxes.\n subject to federal excise taxes transactions."
}
{
    "_id": "dd4c24b7c",
    "title": "",
    "text": "fair value grants receivable determined discounted cash flow model flows yield curve.\n classified long-term assets.\n long-term debt senior notes convertible debentures.\n fair value senior notes determined active market prices classified level 1.\n convertible debt discounted cash flow models interest rate securities subordination discount credit-rating changes classified level 2.\n nvidia corporation cross-license agreement liability incurred long-term patent cross-license agreement 2011.\n payments six years.\n liability classified accrued long-term liabilities.\n fair value determined discounted cash flow model future cash flows incremental borrowing rates.\n cash investments period.\n available-for-sale investments 18086\n equity investments\n receivable\n non-marketable cost investments\nrepurchase agreements 800 2850\n trading assets 8441 5685\n cash investments $ 31561 $ 26302\n third quarter 2013 sold shares clearwire corporation clearwire communications equity.\n received proceeds $ 470 million gain $ 439 million gains equity investments.\n proceeds gains-sale method investments sections.\n statements"
}
{
    "_id": "dd497d504",
    "title": "",
    "text": "2013 2019s net sales decreased $ 305 million 3%.\n $ 305 million c4isr programs $ 85 million undersea systems decreased volume deliveries $ 55 million settlements contract cost programs 2013.\n decreases offset higher net sales $ 80 million integrated warfare systems sensors increased volume space fence $ 40 million training logistics solutions increased deliveries.\n operating profit decreased $ 129 million 12%.\n lower operating profit $ 120 million settlements contract cost $ 55 million lower c4isr sales international $ 45 million higher reserves training logistics solutions programs.\n decreases offset higher operating profit $ 45 million $ 60 million increased risk retirements radar surveillance.\n adjustments $ 85 million lower 2014.\n increased sikorsky backlog higher orders new program starts.\n higher orders.\nexpect 2016 sales increase mid-double digit 2015 sikorsky programs offset decline volume programs.\n operating profit equivalent 2015 margin decline sikorsky acquisition integration restructuring costs.\n research development design engineering production satellites strategic defensive missile systems space transportation systems.\n network situational awareness integrates global systems intelligence.\n responsible classified systems services national security systems.\n programs trident ii d5 fleet ballistic missile orion space infrared system aehf gps-iii geostationary satellite-series.\n operating profit includes earnings investment ula expendable launch services.\n.\n results.\n 2014\n net sales $ 9105 $ 9202\n operating profit 1171\n margins.\n backlog year-end $ 17400 $ 20300\nsales decreased $ 97 million 1%.\n $ 335 million sales satellite decreased volume $ 55 million missile systems volume.\n offset higher sales $ 235 million 2014 $ 75 million orion program increased volume."
}
{
    "_id": "dd497c870",
    "title": "",
    "text": "investment in programming subscriber growth higher offer costs presto offset lower depreciation expense foxtel reassessment cable satellite installations.\n net income decreased lower operating income offset lower income tax expense.\n equity affiliates 2016 losses from interests draftstars elara technologies proptiger.\n decreased $ 13 million 23% 2015 due negative impact foreign currency fluctuations interest expense facility.\n 9 financial statements.\n years.\n gain on iproperty transaction $ 29\n impairment marketable securities cost method investments\n gain on sale marketable securities\n dividends investments\n gain sale investments\n group gain $ 29 million revaluation equity interest iproperty year 2016.\n.\n recorded write-offs impairments investments years 2016 2015.\nwrite-offs impairments deteriorating financial position or losses limited prospects recovery.\n note 6 consolidated financial statements. august 2014 rea group minority interest securities $ 104 million.\n recognized pre-tax gain $ 29 million reclassified income.\n tax rate 2016 $ 54 million 30% % $ 185 million 34% ( 34 %.\n tax benefit $ 54 million pre-tax income $ 181 million effective tax rate lower.\n statutory tax.\n due benefit $ 106 million valuation allowances.\n federal losses state deferred tax assets.\n plan digital education business 2016.\n income deferred tax assets.\n tax rate impacted by $ 29 million non-taxable gain revaluation equity interest iproperty.\n fiscal year 2015 effective tax rate lower.\ntax rate foreign operations offset nondeductible items liabilities tax.\n 18 consolidated financial statements."
}
{
    "_id": "dd497edaa",
    "title": "",
    "text": "future minimum lease commitments december 31 2010 years.\n 2011 $ 62465\n 2012 54236\n 2013 47860\n 2014 37660\n 2015 28622\n 79800\n lease $ 310643\n rental expense leases $ 66. 9 million $ 57. 2 million $ 49. million 2010 2009 2008.\n acquisitions agreements sellers lease properties.\n lease terms initial five years five-year renewal options purchase options.\n right first refusal leased property.\n lease payments employee officer acquisition $ 1. million $. 9 million. 9 million 2010 2009 2008.\n guarantee residual values truck equipment leases.\n original cost.\n shortfall.\n more over residual value.\n leases 31 2010 guaranteed residual value $ 31. 4 million.\nnot recorded liability guaranteed residual value equipment leases recovery residual value.\n 2005 2008 ford technologies filed complaints aftermarket parts imported.\n ford design patents.\n settled april 2009 september 2011.\n sole distributor.\n aftermarket automotive parts ford collision parts covered.\n design patent.\n paid ford upfront fee royalty each part.\n amortization royalty expenses reflected cost statements.\n contingencies claims subject environmental pollution control laws regulations.\n resolution affect financial position cash flows."
}
{
    "_id": "dd4c501b4",
    "title": "",
    "text": "catlettsburg kentucky refinery map completed $ 440 million investment program product yield reduce manufacturing expenses.\n involves expansion conversion retirement units low-sulfur gasoline.\n 2004.\n fourth quarter 2003 commenced $ 300 million capital projects 74000 bpd detroit michigan refinery.\n $ 110 million expansion crude oil capacity 35 percent 100000 bpd.\n projects clean fuels air emissions.\n completion fourth quarter 2005.\n funds.\n refined product sales volumes 19. 8 billion gallons 1293000 bpd.\n midwest upper 70 percent.\n 50 percent gasoline 91 percent distillate.\n half propane home heating industrial.\n propylene cumene aromatics aliphatics sulfur chemical industry.\n base lube oils slack wax.\n pitch sold domestically 13 percent exported canada mexico india south america.\n markets asphalt terminals midwest southeast.\n base 900 asphalt-paving contractors government entities manufacturers.\n refined product sales 2003 2002.\n gasoline 776 773\n distillates 365 346\n propane\n feedstocks\n heavy fuel oil\n asphalt 74 75\n 1357 1318\n sells reformulated gasoline chicago illinois louisville kentucky milwaukee.\n sells low-vapor-pressure gasoline nine states.\n 3900 ashland retail outlets michigan ohio indiana kentucky illinois.\n florida georgia wisconsin virginia minnesota tennessee pennsylvania north carolina south alabama."
}
{
    "_id": "dd4bca050",
    "title": "",
    "text": "entergy corporation subsidiaries new orleans securitization bonds hurricane isaac 2015 city council issued financing order bonds hurricane isaac storm restoration costs $ 31. 8 million carrying costs storm recovery reserve $ 63. 9 million $ 3 million up-front financing costs.\n july 2015 entergy new orleans. issued $ 98. 7 million storm cost recovery bonds.\n coupon 2. 67%. maturity june 2024.\n principal due principal payments five years $ 11. 4 million 2016 10. 6 million 2017 2018. 2 million 2019. 6 million 2020.\n purchased storm recovery property.\n regulatory asset balance sheet.\n creditors recourse assets revenues.\n no payment obligations recovery charge collections.\ntexas bonds hurricane rita 2007 issued financing order $ 353 million hurricane reconstruction $ 6 million transaction costs offset $ 32 million deferred income tax benefits.\n june 2007 gulf states reconstruction funding wholly-owned issued $ 329. 5 million senior secured transition bonds.\n a-1. 51%. 51 % due october 2013\n a-2. 79%. 79 % october 2018\n a-3. 93%. 93 % june 2022\n payments five years $ 26 million 2016 27. 6 million 2017 29. 2 million 2018. 9 million 2019 32. 8 million 2020.\n 2016 tranche a-2. 2017 4 million a-3.\n 2018-2020.\n purchased entergy texas transition property right recover.\ntransition property regulatory asset on entergy texas balance sheet.\n creditors to assets revenues funding.\n entergy no payment obligations to funding except transition charge collections."
}
{
    "_id": "dd4bbd79c",
    "title": "",
    "text": "graph compares return lilly stock standard 500 stock index peer group 2014 2018.\n assumes december 31 2013 invested $ 100 lilly stock s&p 500 index peer groups common stock.\n measures shareholder return price dividends.\n dividends reinvested stock.\n $ 100 invested 2013 five-year return lilly s&p 500 index peer group.\n 100.\n 139. 114. 113.\n 175. 115\n 157.\n 185. 157.\n 259. 136 150.\n peer group industry index.\n companies biotech industries. amgen. astrazeneca baxter. biogen. bristol-myers squibb celgene sciences. glaxosmithkline johnson medtronic merck. novartis. pfizer. roche holdings sanofi shire."
}
{
    "_id": "dd4b89942",
    "title": "",
    "text": "equity securities table repurchases common stock securities exchange act 1934 quarter december 31 2014.\n shares purchased average price paid plans amount future repurchases.\n average price paid future repurchases\n september 29 2014 october 26 399259 $ 176. 96 397911 $ 3825\n october 27 november 30 504300 $ 187. 74 456904 $ 3739\n december 1 31 365683 $ 190. 81 357413 $ 3671\n 1269242 $ 185. 23 1212228 $ 3671\n. close books records last sunday month processes.\n months differ.\n september 29 2014 october 2014 fiscal month.\n october 2010 board directors approved share repurchase program stock prices not market prices.\n september 25 2014 authorized $ 2.billion increase program.\n management amount timing law.\n purchases rule 10b5-1.\n expiration date.\n quarter december 31 2014 shares purchased 57014 transferred employees minimum tax obligations restricted stock units.\n separate authorization board directors not included program."
}
{
    "_id": "dd4975d4a",
    "title": "",
    "text": "marathon oil corporation financial statements $ 446 million capital lease payments $ 53 million obligations united states steel.\n lease rental expense 2009 2008 2007 rental $ 238 $ 245 $ 209.\n $ 238 $ 245 $ 209\n net rental expense $ 257 $ 267 $ 242\n excludes $ 3 million $ 5 million $ 8 million united states steel 2009 2008 2007 leases.\n.\n commitments contingencies pending legal actions laws.\n.\n.\n management viable enterprise.\n federal state laws regulations.\n control pollutants remediation hazardous waste disposal.\n penalties noncompliance.\n 2008 liabilities remediation $ 116 million $ 111 million.\n estimate remediation costs penalties.\nrecoverable costs states clean-up storage tanks were $ 59 $ 60 million december 31 2009 2008.\n settled lawsuits methyl tertiary-butyl ether 2008.\n defendant 27 cases four states damages mtbe contamination.\n 12 cases consolidated multi-district southern district new york.\n 15 cases new york state courts.\n plaintiffs 26 27 cases allege damages water supply wells contamination mtbe.\n new jersey department environmental protection cost remediating mtbe contamination.\n defending cases.\n settlement discussions majority.\n expect liability impact operations financial position cash flows.\n discontinued producing mtbe 2002.\n party case false claims reporting payment royalties natural gas federal leases.\n files suit.\n case pending.\n.\n.\n.\n.\ngas valuation case.\n marathon settlement relator doj finalized after indian tribes approve terms.\n not impact results financial position cash flows.\n provided guarantees indebtedness other companies.\n required perform should party obligations.\n performance guarantees agreements."
}
{
    "_id": "dd4c55e7a",
    "title": "",
    "text": "graph compares yearly stockholder return last five years market price common stock return nasdaq composite index.\n peer group medical equipment code 3840-3849 index.\n assumes investment $ 100 march 31 2007 common stock nasdaq composite index.\n peer group index reinvestment dividends.\n 3/31/2007/31/2008/31/2009/31/2012\n abiomed inc 96. 35. 75. 106. 162.\n nasdaq composite index. 63.\n medical equipment 3840-3849. 74.\n not material regulation securities exchange act 1934 not filed securities exchange commission not incorporated filings securities act 1933.\n american stock transfer trust company 59 maiden lane new york."
}
{
    "_id": "dd4ba63da",
    "title": "",
    "text": "negative covenants default unsecured financing limitations consolidations mergers sales.\n maximum leverage ratio 3. 0 to 1. 0 minimum interest coverage ratio 3. 5 to 1. 0.\n below investment grade credit rating restrictions investments dividends stock repurchases.\n compliance covenants senior credit facility december 31  2007.\n commitments subject fees facility utilization fee.\n rated a- standard 2019s ratings not moody.\n uncommitted credit facilities $ 70. 4 million.\n cash flows borrowings working capital capital expenditure debt service needs.\n earnings flows additional capital.\n third parties future payments.\n obligations 2008.\n long-term debt $ 104.\n operating leases 134.\n purchase obligations.\n long-term income taxes payable 137.53. 9 25. 4\n long-term liabilities 191. 47. 17. 127.\n contractual obligations $ 591. $ 58. $ 156. $ 203. $ 172.\n obligations $ 591. accounting estimates financial results accounting policies methods.\n management judgment.\n excess inventory instruments determine inventory carrying cost.\n instruments excess supply.\n reserves adjust inventory instruments realizable value.\n evaluate stock levels patterns demand products systems.\n determination work-in-progress inventory recorded.\n obsolete discontinued items.\n evaluates changes valuation reserves market conditions competitive offerings.\n estimate tax expense liabilities assets taxable jurisdiction.\n deferred tax assets future taxable income.\n evaluate deferred tax assets provide valuation allowances deferred tax benefit.\n federal income taxes income foreign subsidiaries.\noperate taxing jurisdictions.\n subject to regulatory review audit require time.\n information reasoned judgments tax expense liabilities reserves.\n provisions for income taxes all periods jurisdictions.\n commitments contingencies accruals for product liability claims established counsel based current historical settlement information.\n use actuarial model appropriate level accruals.\n historical patterns claim loss development analyzed applied to loss estimates.\n amounts established equate less than 5 percent total liabilities represent best estimate ultimate costs contingencies.\n evaluate carrying value annually.\n.\n significant assumptions required estimate fair value goodwill assets future cash flows.\n valuation measurements use unobservable inputs financial accounting standards.\n.\n changes record impairment charges.\n share-based payment account for expense fair value.\n"
}
{
    "_id": "dd4b9c542",
    "title": "",
    "text": "performance graph compares return dividends common stock 2002 2007 returns nyse composite index ftse nareit index russell 1000 index.\n assumes $ 100 invested 2002 stock assumes reinvestment dividends.\n included nyse composite index.\n other indices representative industry.\n figures rounded nearest dollar.\n ventas $ 100  $ 206  270  331  $ 457  512\n nyse composite index $ 132 151 166 200 217\n all reit index 138 181 196 $ 262  $ 215\n healthcare reit index 154 186 189 273  279\n russell 1000 index $ 100 130 145 154 178 188\n nyse composite index reit index healthcare russell 1000 index"
}
{
    "_id": "dd4980376",
    "title": "",
    "text": ".\n options 100962 options 1993 plan union pacific corporation.\n 7140 restricted shares 1992 non-employee directors.\n no longer grant options retention shares units.\n april 2000 approved 2000 directors plan 1100000 shares reserved non-employee directors.\n receives 2000 shares retention.\n 2007 option purchase stock not 10000 dividing 60000 1/3 fair market value 50 shares.\n december 31 2009 18000 restricted shares 292000 options.\n 2001 stock incentive plan 2001.\n reserved 24000000 shares employees non-qualified options incentive stock options retention shares stock units bonus awards.\n non-employee directors not eligible.\n december 31 2009 3366230 options.\n no longer grant stock options awards.\n 2004 stock incentive plan approved april 2004.\n2004 plan reserved 42000000 shares common stock 2001 1993 outstanding april 16 2004.\n non options stock appreciation rights retention shares stock units incentive bonus awards employees.\n non-employee directors not eligible.\n 2009 8939710 options 3778997 retention shares stock units outstanding 2004.\n 33559150 36961123 38601728 shares stock authorized grant december 31 2009 2008 2007.\n value stock option awards black-scholes option pricing model.\n.\n annual-average assumptions.\n risk-free interest rate. 9%. 9 %. 8%. 9%.\n dividend yield. 3%. 3 %. 4%. 4 4\n life.\n 31. 3 %. 2% 2. 9%. 9\n grant-date fair value options $ 11.11."
}
{
    "_id": "dd4b8a14e",
    "title": "",
    "text": ".\n management financial condition results operations international paper results 2007 higher paper packaging price.\n sales volumes growth overseas lower volumes north america.\n pulp paper containerboard mills ran well 2007.\n input wood energy transportation above 2006.\n forest products earnings decreased 31% decline harvest income drop forestland real estate sales.\n interest expense decreased 40% 40 % lower debt balances interest rates repayments refinancings.\n demand north american printing papers packaging steady.\n economic downturn sales volumes earnings.\n increases paper packaging price increases.\n first quarter earnings increased maintenance expenses wood energy transportation costs.\n.\n 2008 first-quarter earnings lower 2007 fourth quarter.\n profits performance.\n costs efficiencies prices volumes.\n profits before taxes.\nsegment profits defined securities exchange commission non-gaap alternatives net.\n paper industrial packaging consumer distribution forest products specialty.\n net earnings three years 2007 2006 2005.\n profits $ 2423 $ 2074 $ 1622\n corporate items -732 -746 -607\n special items 241 2373 -134\n interest expense -297 -521\n minority interest -5\n income tax benefit -415 -1889\n discontinued operations -232\n net earnings $ 1168 $ 1050 1100\n items restructuring losses gains forestland sales goodwill impairment charges insurance recoveries reversals reserves.\n profits $ 2.349 million higher 2007 price 461 million cost reduction improved products 304 million higher sales volumes 17 million lower special costs 115 million 4 million.\n energy raw material freight costs 205 million mill 48 million lower land sales 101 million pensacola mill 52 million reduced earnings acquisitions divestitures 146 million.\n profit $ 2074 205 48 17 244 461 1000 1500 2000 2500 3000"
}
{
    "_id": "dd496e3c4",
    "title": "",
    "text": "entergy corporation pollution control environmental bonds secured non first mortgage bonds.\n bonds mandatory tender purchase principal september 1 2005 remarketed.\n september 1 2004 remarketed.\n mandatory tender october 1  2003.\n louisiana purchased bonds not remarketed.\n cash short-term borrowing bonds.\n june 1 2002 remarketed $ 55 million.\n bonds due 2030 interest rate 4. 9%. may 2005.\n bonds 100% principal june 1 2005 remarketed.\n subsidiaries contracts spent nuclear fuel disposal.\n one-time fee generation april 7 1983.\n electric power nuclear fuel fee accrued interest fair value excludes lease obligations doe obligations debt due one year.\n determined bid prices markets investment banking.\nannual long-term debt maturities december 31 2003 five years.\n 2004 $ 503215\n 2005 $ 462420\n 2006 $ 75896\n 2007 $ 624539\n 2008 $ 941625\n november 2000 entergy purchased fitzpatrick indian point 3 power plants seller-financed.\n issued notes nypa seven annual installments $ 108 million eight installments $ 20 million eight.\n implicit interest rate 4. 8%.\n liable nypa additional $ 10 million per year 10 years september 2003.\n liability recorded purchase indian 2 2001 included note payable nypa balance.\n july 2003 payment $ 102 million maturity note.\n collateral.\n consolidated debt ratio 65% less total capitalization.\n acceleration maturity dates."
}
{
    "_id": "dd4be3ac8",
    "title": "",
    "text": "consolidated financial statements union pacific corporation subsidiary companies references 201ccorporation subsidiaries railroad company 201crailroad.\n.\n class i railroad.\n network 32122 route miles pacific gulf coast ports midwest eastern.\n gateways mexican gateways.\n own 26042 miles operate remainder trackage rights leases.\n serve western two-thirds country coordinated schedules rail carriers freight atlantic pacific coast southeast southwest canada mexico.\n export import traffic gulf coast pacific coast ports mexican canadian borders.\n railroad subsidiaries affiliates reportable operating segment.\n financial results segment.\n freight revenue commodity group.\n agricultural products\n automotive\n chemicals\n coal\n industrial products\nintermodal 3835 3714 4074\n freight revenues $ 19837 $ 18601 $ 20397\n 1403 1340 1416\n operating revenues $ 21240 $ 19941 $ 21813\n revenues customers. outside.\n commodity shipments mexico.\n freight revenues $ 2. billion 2017 $. billion 2016 $. billion 2015.\n consolidated financial statements accounting principles.\n.\n.\n union pacific corporation subsidiaries.\n affiliated companies 50% equity method.\n intercompany transactions eliminated.\n no majority-owned investments consolidation variable interest.\n maturities three months less.\n reduced allowance doubtful accounts.\n historical losses credit worthiness economic conditions.\n receivables other assets."
}
{
    "_id": "dd4bfc9d8",
    "title": "",
    "text": "deposits escrow funds trust.\n cash deposits assets.\n deferred compensation obligations cash compensation investment accounts.\n long-term liabilities.\n value based on market value accounts.\n mutual funds based market prices.\n utilizes fixed-to-floating interest-rate swaps fair-value hedges variable-rate debt.\n variable-to-fixed starting interest rate swaps interest cost debt.\n future cash inflows outflows fair value.\n contract terms credit risk interest rates market volatility.\n investments money market funds employee benefits.\n investments assets.\n leases leases facilities equipment.\n rental expenses $ 29 million $ 24 million $ 21 million 2016 2015.\n leases 25 5 years.\n renewal options one to five years.\nminimum annual future rental commitment under operating leases non-cancelable lease terms next 5 years:.\n 2018 $ 15\n 2019 14\n 2020 12\n 2021 9\n 2022 8\n 65\n company has agreements with public entities 201cpartners joint ventures 201cpublic-private partnerships. constructed utility plant.\n transfer real property to partners for equal industrial development bonds state industrial development act.\n leased back total facilities including portions funded partners for 40 years.\n leases facilities funded payments to partners.\n ownership"
}
{
    "_id": "dd4c14a24",
    "title": "",
    "text": "rental management operations site revenue growth.\n 2014 grew communications real estate acquisition construction 8450 sites.\n international markets increased pass-through revenues ground rent power fuel costs expenses.\n communications real estate internationally risk-adjusted portfolio.\n new sites acquired 2014 2013 2012\n domestic 900 5260\n international 7550 7810 7850\n majority sites acquired constructed 2014 brazil india mexico 2013 colombia costa rica mexico south africa 2012 brazil germany india uganda.\n rental management operations.\n site level ground rent power fuel costs property taxes repairs maintenance.\n exclude selling administrative development expenses.\n increase adding tenants sites modestly year-over-year.\n leasing additional space new tenants provides incremental cash flow.\nincur selling administrative development expenses presence portfolio.\n profit margin growth impacted by new tenants diluted by development activities.\n services revenue growth.\n rental management operations services revenue small percentage total revenues.\n non-gaap financial measures earnings before interest taxes depreciation amortization accretion.\n adjusted ebitda net income discontinued operations equity investments tax benefit income retirement long-term obligations interest depreciation amortization accretion stock-based compensation expense.\n income before gains losses sale disposal real estate impairment charges depreciation amortization accretion dividends preferred stock adjustments unconsolidated affiliates noncontrolling interest."
}
{
    "_id": "dd49749cc",
    "title": "",
    "text": "entergy texas.\n subsidiaries net income 2016 increased $ 37. million lower operation maintenance expenses asset write-off spindletop gas storage facility higher net revenue.\n decreased $ 5. million write-off higher expenses offset higher net revenue lower tax rate.\n revenues fuel expenses gas power expenses regulatory charges.\n analysis change net revenue 2016 2015.\n.\n 2015 net revenue $ 637.\n reserve equalization.\n purchased power capacity.\n transmission revenue.\n retail electric price.\n wholesale.\n.\n 2016 net revenue $ 644.\n reserve equalization variance reduction expense entergy system generation mix agreement entergy mississippi exit.\n.\n purchased power capacity variance decreased expenses termination power agreements entergy louisiana texas capacity cost changes contracts.\ntransmission revenue variance due increase attachment rates miso settlement rates."
}
{
    "_id": "dd4be026a",
    "title": "",
    "text": "performance graph five returns teleflex common stock 500 stock index healthcare equipment supply index.\n $ 100 invested teleflex 2012 dividends reinvested.\n performance.\n 2012 2013 2014 2015 2016 2017\n teleflex 134 166 192  237  368\n&p 500 index 132 151 153  171\n s&p 500 healthcare equipment supply index 161 171 181\n"
}
{
    "_id": "dd4b95954",
    "title": "",
    "text": "subsidiaries table shows changes restricted stock 2008 2007 2006 stock average grant date value.\n stock december 31 2005 3488668 $ 41. 26\n 1632504 $ 56.\n -1181249 $ 40.\n forfeited -360734 $ 44.\n december 31 2006 3579189 $ 48.\n 1818716 $ 56.\n $ 44.\n -230786 $ 51.\n december 31 2007 3821707 $ 53.\n 1836532 $ 59.\n -1403826 $ 50.\n forfeited -371183 $ 53.\n stock december 31 2008 3883230 $ 57.\n deferred compensation-equity unrecognized restricted stock expense.\n adoption 123r deferred compensation reclassified additional paid-in capital consolidated balance.\nstock company 2004 ltip provides units.\n grants 4-year vesting period.\n obligation one share common shares vesting.\n 2008 awarded 223588 units officers subsidiaries $ 59. 93.\n 2007 108870 units $ 56. 29.\n 2006 83370 $ 56. 36.\n grants 1-year vesting period non-management directors.\n delivery common shares deferred until six months after termination.\n 2008 2007 2006 40362 29676 23092 awarded non-management employees right purchase common shares payroll deductions periods. annual purchases limited shares equal ten percent compensation or $ 25000.\n two six-month subscription periods january 1 june 30 second july 1 december 31.\n amounts collected used purchase full shares.\nexercise date last trading day sub period.\n shares purchased equal total amount collected payroll deductions divided price rounded next share.\n second subscription period 2007 purchase price 85 percent fair value common share.\n purchase price lower 85 percent first day"
}
{
    "_id": "dd4bde186",
    "title": "",
    "text": "second largest closed-end fund manager top- ten manager 2013 flows long-term open-end mutual.\n leading manager long-dated fixed income mutual.\n integrated retail distribution teams unified client presence.\n priority integrated team.\n 2022 international retail long-term net inflows $ 17. 5 billion 15% % organic growth positive regions diversified asset classes.\n equity net inflows $ 6. 4 billion demand top european equities franchise risk.\n multi-asset class fixed income products net inflows $ 4. 8 billion.\n 2013 third largest cross border fund.\n five largest fund.\n.\n acquisition\n equity $ 534648 74119 13021 96347 718135\n fixed income\n multi-asset class\n24337 16092\n ishares 752706 63971 15960 81735 914372\n 24337 $ 16. billion suisse acquisition 2013.\n commodity ishares.\n leading etf provider $ 914. 4 billion december 2013 top asset gatherer $ 64. billion net inflows growth 8%.\n inflows $ 74. 1 billion outflows emerging markets.\n ishares fixed income outflows $ 7. 5 billion low interest rate long-duration assets.\n funds expanded product.\n funds short-duration yield funds.\n alternatives $ 3. 1 billion net outflows commodities.\n 23% long-term aum december 31 2013 35% long-term base fees diverse product set 703 etfs year-end 2013 client base 25 countries five continents.\n2013 ishares innovation 42 etfs 58 etfs alliance fidelity investments 10 million clients increased products tools support.\n expanded presence-hold investors.\n broad product range low-cost returns asset classes global markets liquidity.\n 2022.\n ishares $ 655. 6 billion $ 41. 4 billion net inflows developed markets equities short fixed income.\n 2012 debuted core series united states blocks.\n $ 20. 0 billion net inflows.\n equities.\n largest etf provider 39% 39 % share aum3.\n 2022 $ 258. 8 billion net business $ 22. 6 billion european japanese equities fixed income products.\n 2013 largest european etf provider 48% aum3.\n"
}
{
    "_id": "dd4b95f26",
    "title": "",
    "text": "table represents unrealized losses derivative amounts loss years ended december 31 thousands balance loss.\n contract type 2009 2008\n interest rate swaps $ 13053 $ 18874\n 2013 fair value measurements uses hierarchy prioritizes inputs financial instruments.\n highest priority unadjusted quoted prices markets lowest unobservable inputs 3.\n three levels 1 2013 quoted prices active markets identical assets.\n.\n 2022 level 2 2013 pricing inputs prices markets or indirectly observable reporting date.\n financial instruments valued valuation methodologies.\n industry-standard time value volatility current market contractual prices.\n assumptions observable marketplace.\n 2022 level 3 2013 pricing inputs include inputs less observable sources.\n internally developed methodologies management best estimate fair value.\nfair value interest rate swap transactions based discounted net present value party quotes.\n changes market value recorded income ineffectiveness earnings.\n assets liabilities measured fair value based three valuation techniques.\n market approach 2013 prices cost 2013 service capacity income 2013 future amounts present amount option-pricing excess earnings models"
}
{
    "_id": "dd4bb9b92",
    "title": "",
    "text": "financial condition results operations table presents.\n.\n short-duration advances.\n 2013\n. advances $ 2356 $ 1972 1994\n. 1393\n advances $ 3749 $ 3365 3579\n-duration advances 2013 increased 2012 low higher liquidity.\n interest-earning assets increased $ 11. 16 billion 2013 $ 7. 38 billion 2012.\n higher cash collateral securities finance transactions.\n interest-bearing deposits increased $ 109. 25 billion 2013. billion 2012.\n higher non.\n transaction accounts growth business.\n levels influenced servicing business market conditions.\n.\n.\n short-term borrowings declined $ 3. 79 billion 2013 4. 68 billion 2012 higher deposits liquidity.\n long-term debt increased $ 8. 42 billion 2013 from.billion year 2012.\n increase reflected issuance $ 1. billion extendible notes state bank $ 1. billion senior subordinated debt may 2013 $ 1. billion debt november 2013.\n offset maturities $ 1. 75 billion senior debt second quarter 2012.\n interest-bearing liabilities increased $ 6. 46 billion 2013 $ 5. 90 billion higher cash collateral securities finance transactions.\n factors affect net interest revenue margin client liabilities central banks.\n.\n interest rates yield curves regulatory capital liquidity standards discount accretion securities yields purchased.\n proceeds pay downs maturities highly-rated securities.\n federal mortgage-backed.\n.\n.\n market conditions.\n global interest rates dictate net interest revenue margin."
}
{
    "_id": "dd4bd0d60",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries net revenues revenues line item consolidated.\n 2017 2016 2015\n investment banking $ 7371 $ 6273 7027\n investment management 5803 5407\n commissions fees 3051 3208\n market making 7660 9933\n transactions 5256 3200 5018\n-interestrevenues 29141 28021 30756\n interest income 13113 9691\n expense 10181 7104\n interest income 2932 2587 3064\n revenues $ 32073 $ 30608 33820\n investment banking financial advisory underwriting assignments derivative transactions.\n.\n wealth advisory high-net-worth.\n.\n commissions fees transactions stock futures exchanges over-the-counter.\n.\n market making interest rate credit mortgages currencies commodities equity.\nactivities institutional client services.\n transactions investing origination loans.\n consolidated investments.\n investing lending.\n.\n 2017 higher asset prices tighter credit spreads underwriting investment management transactions.\n low volatility equity fixed income currency commodity markets activities.\n price natural gas decreased oil increased.\n low volatility investment banking prices decline net revenues impacted.\n operating results.\n first half 2016 challenging trends global economic growth central bank activity political uncertainty.\n.\n second environment improved equity markets increased investment grade high-yield credit spreads tightened.\n business activities.\n 2016 net revenues $ 32. 07 billion 5% higher higher investment banking management net interest.\n offset by lower market making revenues lower commissions fees.\n non-interest revenues.\nbanking revenues $ 7. 37 billion 2017 18% higher 2016.\n revenues financial advisory higher mergers acquisitions.\n underwriting higher debt equity.\n goldman sachs 2017 form 10-k"
}
{
    "_id": "dd4bc4c36",
    "title": "",
    "text": "warfighter.\n decreases higher net sales $ 140 million qtc acquired 2011 $ 65 million increased activity programs federal cyber security.\n is&gs 2019 operating profit 2012 decreased $ 66 million 8% 2011.\n lower profit $ 50 million odin contract completion $ 25 million reserves airborne surveillance $ 20 million lower volume c2bmc win-t.\n increase higher risk retirements $ 15 million twic $ 10 million increased activity programs.\n jtrs program offset reserves.\n adjustments $ 20 million higher 2012.\n decreased 2013 lower orders higher sales declining activities smaller programs downturn federal information technology budgets.\n backlog decreased 2012 completion programs odin.\n census jtrs.\n is&gs 2019 net sales decline 2014 downturn federal information technology budgets.\nprofit expected decline 2014 net sales comparable 2013.\n business provides air defense tactical missiles air-to-ground systems logistics technical services fire control mission operations engineering integration manned unmanned ground vehicles.\n programs include pac-3 thaad multiple launch rocket system hellfire air-to-surface standoff missile javelin apache fire control system sniper ae low altitude navigation infrared sof clss.\n results.\n net sales $ 7757\n operating profit\n margins. 4%.\n backlog\n net sales increased $ 300 million 4% 4.\n higher net sales $ 450 million air missile defense $ 70 million fire control $ 55 million tactical missile.\n offset lower net sales $ 275 million technical services defense budget reductions competitive.\nincrease fire control sniper lantirn sof clss offset lower volume longbow radar.\n tactical missile programs jassm fewer guided launch rocket javelin."
}
{
    "_id": "dd4bb340e",
    "title": "",
    "text": "december 31 2014 future commitments leases purchase obligations.\n millions 2015 2016 2017 2018 2019\n lease obligations $ 142 $ 106 $ 84 $ 63 $ 45 91\n purchase obligations 3266 761 583 463 422 1690\n $ 3408 $ 867 $ $ 526 $ 467 $ 1781\n $ 2. 3 billion fiber supply agreements 2006 forestland sales 2008 acquisition weyerhaeuser.\n rent expense $ 154 million $ 168 million $ 185 million 2014 2013 2012.\n warranties indemnify tax environmental liabilities breaches warranties.\n recorded cost transaction.\n responsible environmental remediation.\n cleanup hazardous substances commercial landfills.\njoint liability authorized under cercla state laws cleanups allocated among parties.\n remedial costs recorded in financial statements.\n international paper liability $ 95 million as of december 31  2014.\n cass lake closed wood treating facility minnesota.\n international paper submitted epa remediation feasibility study.\n 2011 proposed soil remedy estimated cost $ 46 million.\n remediation reserve $ 50 million.\n october 2011 epa final soil remedy decision delayed.\n remediation costs could higher than.\n october 2012 natural resource trustees damage assessment.\n premature predict estimate loss.\n other remediation costs cleanup hazardous substances approximately $ 41 million as of december 31  2014.\n remedial actions not effect on consolidated financial statements.\nproceedings environmental kalamazoo river company responsible allied paper. portage creek/kalamazoo river superfund site michigan.\n asserts contaminated pcbs discharges paper mills.\n regis paper company.\n.\n successor.\n.\n received orders epa 2014 letter $ 19 million costs removal pcb contaminated sediments.\n liability determined declined reimburse.\n involved allocation.\n premature estimate loss.\n named defendant georgia- pacific consumer products fort james corporation georgia pacific llc contribution cost recovery action pollution.\n"
}
{
    "_id": "dd4b98c76",
    "title": "",
    "text": "holdings.\n 2013 10-k annual report financial statements unrealized gains losses cash flow hedges available-sale securities amortization service costs actuarial assumptions.\n repurchases common stock reduction stockholders.\n reissue common stock treasury limited purposes.\n 2011 investment controlling interest not 100 percent equity.\n purchased additional shares minority shareholders.\n financial statements.\n adopted accounting standard updates income balance sheet offsetting derivative assets liabilities.\n financial statement disclosure requirements impact financial position operations cash flows.\n.\n.\n accounting pronouncements financial position cash flows.\n.\n share-based compensation stock options restricted stock units employee stock purchase plan.\n expense.\n years december 31, 2013 2012 2011\n options $ 24. $.$ 41.\n 23. 22. 18.\n expense pre-tax 48. 55. 60.\n tax. 6 15. 17.\n expense tax $ 32. $ 38. 42.\n share-based compensation cost 2013 2012 2011 $ 4. 1 million $ 6. 1 million $ 8. 8 million.\n $ 2. 4 million $ 3. 3 million costs goods inventory.\n two equity compensation plans 2009 stock incentive non-employee.\n.\n awards granted 2006 2009 shares merged 2009 plan.\n unvested options restricted stock 2001 december 31 2013.\n reserved maximum shares common stock.\n registered 57. 9 million shares.\n 2009 plan nonqualified stock options incentive long-term performance awards restricted stock appreciation rights.\n committee determines grant date annual grants.\nannual grants 2009 plan executive officers first quarter earnings announcements.\n stock plan non-employee directors stock options restricted stock rsus.\n issue common stock unissued shares except.\n total awards limited.\n december 31 2013 10. 4 million shares available future grants awards.\n stock options vest four years maximum life 10 years.\n vesting accelerate retirement first anniversary criteria.\n expense stock options period estimated forfeiture rates.\n requisite service period one to four years.\n granted exercise price equal market price common stock grant except local law."
}
{
    "_id": "dd4b8be0e",
    "title": "",
    "text": "management financial condition results operations comcast corporation exchangeable notes market value security.\n collateralized investments cablevision microsoft vodafone.\n special common stock treasury.\n notes cash.\n 2004 2003 settled $ 847 million $ 638 million delivering cash counterparty maturity equity collar agreements settled.\n 2004 2003 settled $ 2. 359 billion $ 1. 213 billion shares maturity.\n 2004 debt $ 1. 699 billion exchangeable notes $ 1. 645 billion long-term debt.\n securities satisfy debt obligations.\n.\n $ 2 billion repurchase repurchased. million shares special common stock $ 1. 328 billion.\n expect repurchases continue conditions.\n notes 8 10 financing.\n investing activities net cash $ 4.billion 31 2004 capital expenditures $ 3. 660 billion additions assets $ 628 million acquisition techtv $ 300 million.\n.\n.\n expenditures cable segment 2004 2005.\n cable modems converters $ 2106 $\n upgrading cable systems\n projects\n cable capital expenditures $ 3622 $ 3000\n capital expenditures 2005 competition technology services.\n additions intangibles.\n $ 250 million license agreement gemstar dwelling unit contracts $ 133 million licenses software intangibles $ 168 million.\n.\n sales settlements restructurings $ 228 million non-strategic investments 20% interest dhc ventures $ 149 million.\n.\n investment $ 1. 5 billion time warner-equivalent stock liquidity.\n contractual funding commitments.\nnotes 6 7 consolidated financial statements discussion investments intangible assets.\n significant financial condition results liquidity capital expenditures resources."
}
{
    "_id": "dd4bd1800",
    "title": "",
    "text": "2019s jpmorgan chase. annual report wholesale credit portfolio businesses exposed credit risk underwriting lending market-making hedging cash management clearing.\n loans originated acquired retained balance sheet.\n distributes loans market syndicated loan business portfolio credit risk.\n wholesale credit portfolio excluding stable 2015 low criticized exposure nonaccrual loans charge-offs.\n growth loans retained driven increased client activity commercial real estate.\n underwriting.\n portfolio managed reviews client credit quality transaction structure collateral industry product client concentrations.\n credit portfolio 31 exposure nonperforming.\n loans retained $ 357050 324502\n loans held-for-sale 1104\n fair value 2861\n 361015\n derivative receivables 59677\nwholesale credit assets 434064 438861 1220 899\n commitments 366399 366881\n $ 800463 805742 1413 1002\n derivatives -20681 -26703 26703\n securities collateral derivatives -16580 -19604\n receivables 434064 438861 1220 899 commitments 366399 366881 $ 800463 805742 1413 1002 derivatives 20681 26703 securities collateral derivatives receivables $ 13. 3 billion $ 28. 8 billion margin loans december 31 2015 2014 retail brokerage customers accrued interest receivable balance sheets.\n protection purchased derivatives qualify hedge accounting.\n.\n derivatives page 129.\n excludes assets loan."
}
{
    "_id": "dd4bbbf6e",
    "title": "",
    "text": ".\n alcoa raw materials arconic coils shipment.\n revenue two months 2016 $ 37 million.\n automotive market innovative products aluminum-intensive vehicles.\n commercial airframe market flat lower build rates aluminum.\n sales packaging decline pricing pressure north american packaging.\n productivity improvements.\n engineered products solutions.\n 2015 2014\n third-party sales $ 5728 $ 5342 $ 4217\n $ 595 $\n engineered products solutions segment aerospace transportation power generation markets.\n fastening systems seamless rolled rings investment castings airfoils jet engine components. aircraft parts sold distributors.\n 75% third-party sales aerospace market.\n small part produces forged extruded machined metal products oil gas industrial automotive land sea defense markets.\ndecreases sales third quarter due european summer slowdown.\n sales costs expenses transacted local currency.\n dollar pound euro.\n july 2015 arconic rti global supplier titanium metal products aerospace defense energy medical.\n titanium advanced technologies materials aerospace.\n 2014 net sales $ 794 2600 employees.\n results.\n march 2015 tital aerospace castings company 650 employees.\n produces aluminum titanium products aerospace defense.\n 2014 sales $ 100.\n capture demand advanced jet engine components titanium casting capabilities expand aluminum casting capacity.\n results.\n november 2014 firth rixson leader aerospace jet engine components.\n manufactures rings forgings metal products.\n strengthen aerospace business growth high-growth jet engine components.\nrixson $ 970 2014 13 facilities states asia 2400.\n results liabilities engineered products solutions since acquisition."
}
{
    "_id": "dd4c4cf78",
    "title": "",
    "text": "expect 2015 sales comparable 2014 increased volume program starts space fence combat rescue presidential helicopter programs offset decline volume programs.\n operating profit decline 2014 reduction risk retirements 2015.\n profit margin decline 2014.\n research development design engineering production satellites strategic defensive missile systems space transportation systems.\n responsible services national security systems.\n programs include infrared system aehf gps-iii satellite-series muos trident ii d5 fleet ballistic missile orion.\n profit includes earnings investment ula launch services.\n.\n results.\n net sales $ 8065 $\n operating profit\n margins 12. 9%.\n backlog year-end\n net sales increased $ 107 million 1%.\nincrease higher net sales $ 340 million orion $ 145 million commercial space transportation.\n offset lower sales $ 335 million government satellite $ 45 million other programs.\n profit comparable 2013.\n decreased $ 20 million volume increased risk retirements 20 million decreased equity earnings joint ventures.\n offset higher profit $ 30 million orion.\n profit reduced $ 40 million restructuring.\n $ 10 million lower 2014.\n net sales decreased $ 389 million 5%.\n lower net sales $ 305 million fewer deliveries $ 290 million orion lower volume.\n offset higher net sales $ 130 million government $ 65 million strategic defensive missile programs increased volume risk retirements.\n increase higher volume aehf offset lower volume goes-r muos sbirs.\nspace systems profit 2013 decreased $ 38 million 4% 2012.\n lower profit $ 50 million orion $ 30 million government satellite offset higher equity earnings joint ventures $ 35 million.\n lower risk retirements muos offset sbirs aehf.\n profit $ 15 million charges november 2013 restructuring.\n $ 15 million lower."
}
{
    "_id": "dd4c1c7b0",
    "title": "",
    "text": "kimco realty subsidiaries 2012 albertsons joint venture distributed $ 50. 3 million received $ 6. 9 million income real estate investments.\n 2015 invested $ 85. 3 million new equity albertsons venture acquisition safeway.\n cerberus consortium.\n kimco holds 9. 8%. ownership 2230 stores 34 states.\n 2002 acquired 90% equity 30 properties.\n long-term bond-type lease expires 2016 renewal option rights.\n cash equity investment $ 4. million.\n net investment.\n 2014 19 properties sold proceeds $ 32. 3 million mortgage debt 11 properties third-party non-recourse debt $ 11. 2 million.\n no recourse obligation interest collateralized first mortgage lien.\n obligation offset net rental receivable.\ndecember 31 2014 2013 company investment leveraged lease millions.\n remaining rentals $ 8. 3 $ 15. 9\n unguaranteed residual value 30. 3 30.\n non-recourse mortgage debt. 16.\n unearned deferred income. 9. 9 19\n investment leveraged lease $ 15. 6 $ 10. 2\n.\n variable interest entities consolidated ground-up development projects 2014 primary beneficiary.\n real estate long-term investment.\n majority ownership management.\n equity investment not sufficient.\n initial equity construction costs funded partners.\n primary beneficiary.\n december 31 2014 assets $ 77. 7 million liabilities $ 0. 1 million.\n real estate accounts payable accrued expenses.\n projected development costs funded $ 32.8 million funded capital contributions outside partners.\n not provided financial support."
}
{
    "_id": "dd4b94ed2",
    "title": "",
    "text": "packaging sales 2007 $ 265 million 180 million 2006.\n 2005 $ 105 million international paper acquisition.\n profits $ 6 million 2007 $ 3 million 2006 loss $ 4 million spending economic activity.\n raw material energy costs freight costs manufacturing efficiency product mix.\n sales increased 12% 2006 24% 24 % 2005.\n profits 15%.\n improved sales price 52 higher sales volumes.\n mill operations international paper cartonboard.\n offset higher raw material energy costs 53 million unfavorable mix increased freight costs 3.\n.\n profit american consumer packaging net sales $ 2. 4 billion 2007 2006 $. billion 2005.\n earnings $ 143 million 2007 129 million 2006 121 million 2005.\n paperboard sales volumes increased folding improved demand.\n sales price improved.\nhigher sales prices improved manufacturing wood energy costs.\n foodservice sales volumes higher.\n.\n hot cups food containers higher margins.\n costs bleached board polystyrene offset improved manufacturing costs waste.\n shorewood sales volumes declined weak demand home tobacco display.\n margins declined.\n raw material costs higher bleached board offset improved manufacturing lower operating costs.\n.\n coated paperboard sales volumes even sales price.\n fewer mill maintenance outages.\n costs wood polyethylene energy higher.\n foodservice.\n shorewood sales volumes decline cost improve restructuring.\n consumer packaging net sales 2007 $ 280 million 230 2006 2005.\n sales volumes higher stronger demand improved productivity.\n sales price improved.\n operating earnings $ 37 million declined 39 2005.\nnet sales offset input costs wood energy freight.\n 2008 sales volumes prices fourth quarter.\n machine performance mix wood costs higher energy costs higher."
}
{
    "_id": "dd4b90bb6",
    "title": "",
    "text": "schedule future minimum rental payments long-term leases october 29 2011.\n 2012 17590\n 2013 12724\n 2014 6951\n 2015 5649\n 2016 3669\n 19472\n $ 66055\n.\n commitments contingencies business claims charges contractual patents trademarks personal injury environmental product liability insurance coverage employment disputes.\n assurance.\n matters financial position cash flows.\n.\n retirement plans savings retirement plans employees.\n defined contribution plan.\n employees.\n contributions 5% compensation.\n contributes pre-tax contribution 3% 3 compensation.\n expense plan.\n $ 21. 9 million 2011 $ 20. 5 million 2010 $ 21. 5 million 2009.\n defined benefit pension retirement plans non.\n employees.\n total expense.\n $ 21. 4 million 2011.million 2010. million 2009.\n.\n funding policy foreign pension plans requirements.\n assets.\n.\n equity securities bonds property cash.\n obligations measured october 29 2011 30 2010.\n.\n financial statements"
}
{
    "_id": "dd4befb5c",
    "title": "",
    "text": "increased 2015 higher orders f-35 c-130.\n decreased 2014 lower orders f-16 f-22.\n aeronautics 2016 net sales increase mid-single digit increased volume f-35 c-130 decreased volume f-16.\n operating profit increase low single-digit increased volume decrease operating margins.\n advanced technology systems management services civil defense government customers.\n portfolio sustainment services.\n smaller contracts.\n impacted downturn federal agencies budgets increased re-competition fragmentation large contracts.\n operating results.\n net sales $ 5596 $ 5654 $ 6115\n operating profit\n margins 9. 1%. % 8. 3%.\n backlog year-end $ 4800 $ 6000\n net sales decreased $ 58 million 1% 1 %.\ndecrease lower net sales $ 395 million program completions lower funding increased competition fragmentation.\n offset higher net sales $ 230 million businesses acquired 2014 $ 110 million start-up new growth.\n&gs 2019 operating profit increased $ 36 million 8% 2015.\n improved program performance risk retirements offset decreased operating profit.\n $ 70 million higher 2015.\n net sales decreased $ 461 million 8%.\n lower net sales $ 475 million programs reductions support $ 320 million decreased volume technical services.\n offset higher net sales $ 330 million start growth integration acquired companies.\n operating profit decreased $ 26 million 5% 2014.\n offset severance recoveries restructuring $ 20 million.\n adjustments comparable."
}
{
    "_id": "dd4bb90d4",
    "title": "",
    "text": "discloses purchases common stock fourth quarter 2016.\n shares purchased average price paid share plans dollar value.\n october 2016 433272  $ 52. 69 50337 382935 $ 2. 7 billion\n november 2016  $ 62. 25 248349 419295 $ 2. 6 billion\n december 2016 1559569  $ 66. 09 1558881 $ 2. 5 billion\n 2660485  $ 62. 95 299374 2361111 $ 2. 5 billion\n shares represent purchases fourth quarter 2016 open-market transactions stock-based compensation plans purchases employees directors stock options vesting restricted stock compensation transactions.\n july 13 2015 board directors authorized purchase $ 2.billion common stock.\n no expiration.\n dollar value 2015 $ 40 million.\n september 21 2016 board authorized purchase additional $ 2. 5 billion expiration.\n no purchases."
}
{
    "_id": "dd4c498dc",
    "title": "",
    "text": "marathon oil corporation financial statements long-term return plan assets.\n plan determined asset rate-of-return modeling tool third-party investment group assumptions returns asset category inflation.\n pension plan asset allocation.\n current returns risk-free investments government bonds historical risk premiums future returns.\n return weighted asset allocation.\n health care cost trend rates.\n initial health care trend rate 8.\n ultimate trend rate. 70%.\n retiree medical subsidies frozen january 1  2019.\n subsidies post-65 retiree health care coverage frozen january 1 2017.\n company contributions funded health reimbursement account retiree health care benefits.\n 1% change health care cost trend rates service interest cost postretirement benefit obligations.\n2018 terminated post-65 retiree health benefits december 31 2020.\n.\n pre-65 retiree medical coverage subsidy frozen january 1 2019 retirees opt dental vision eliminated.\n retirees enroll lose eligibility.\n changes reduced retiree medical benefit obligation $ 99 million.\n investment policies strategies.\n funded status expectations future.\n goals manage assets legal requirements produce returns risk parameters erosion purchasing power position portfolios long-term risk return orientation.\n performance monitored quarterly meetings liability studies.\n.\n asset allocation 55% 55 % equity securities 45% 45 % fixed income securities.\n allocation equity securities fixed income.\n assets managed third-party investment manager.\n allocation 55% 55 % equity securities 45% 45 % fixed income securities.\nplan assets invested ten portfolios pooled fund vehicles managed investment managers measured third-party assets measured fair value.\n valuation techniques asset class december 31 2018 2017.\n cash equivalents valued level 1.\n common stock valued closing price active level 1.\n limited partnerships valued estimated values liabilities currency translation performance incentives.\n level 3.\n pooled funds valued market approach equity investments.\n non.\n securities.\n benchmarked public index level 2."
}
{
    "_id": "dd4b9199e",
    "title": "",
    "text": "company recognizes accrued interest penalties tax income tax expense sales tax.\n funds construction non-cash credit income utility plant cost borrowed funds return equity funds.\n regulated utility subsidiaries record afudc.\n borrowed funds reduction interest statements.\n equity funds included other income expenses.\n afudc summarized years december 31.\n allowance funds construction\n borrowed funds\n environmental costs water wastewater operations subject.\n federal environmental protection environmental claims.\n environmental expenditures current operations future benefit expensed capitalized.\n remediation costs past operations accrued undiscounted.\n costs $ 1 $ 2 as december 31 2015 2014.\naccrual relates to conservation agreement subsidiary national oceanic atmospheric administration protect steelhead trout habitat carmel river watershed california.\n company agreed to pay $ 1 annually 2010 to 2016.\n costs recorded in regulatory assets balance sheets december 31 2015 2014 expected recovered future rates.\n uses hedging interest rates.\n independent.\n speculative leveraged instruments.\n derivatives recognized balance at fair value.\n hedge of value asset forecasted transaction cash flows.\n changes in fair value gain recorded in current-period earnings.\n effective gains losses hedges recorded in income.\n ineffective recognized in earnings.\n cash flows from derivative contracts included in net cash operating statements."
}
{
    "_id": "dd4bbe84a",
    "title": "",
    "text": "wholly-owned subsidiary life insurance maintains separate assets funding pension contracts liabilities.\n 31 2008 2007 level 3 assets $ 4 $ 12 .\n changes relate purchases sales gains losses.\n net income gains losses accrue contract owner not reported non-operating income consolidated statements.\n assets private equity valued third party managers.\n appraisals discounted cash flow techniques.\n investments private equity valued third party financing valuations business environment.\n note 2 fair value policies.\n changes 3 assets december 31 2008.\n december 31 2007 $ 1240 $ 2014\n unrealized gains losses -409\n purchases sales settlements issuances\n transfers level 3\n 31 2008 $ 813 $ 64\nnet losses period unrealized gains losses assets $ -366 $ -17 ( )\n losses unrealized gains losses assets $ 366 ) 17 unrealized gains losses level 3 assets non-operating income consolidated statements.\n non-controlling interest expense investments gains losses not company.\n transfers assets level 3 performance fair value measurement.\n.\n manager sponsored investment vehicles collateralized debt obligations investment funds.\n receives management own equity debt securities derivatives.\n engages client needs.\n financed capital equity debt holders.\n limited equity interests unfunded capital commitments sponsored investment funds capital support agreements enhanced cash funds.\n primary beneficiary absorbs losses receives returns holding variable interests.\ndetermine beneficiary management estimates future cash flows assign probabilities scenarios.\n assumptions include market prices interest rates credit defaults gain realization liquidity marketability discount rates probability outcomes.\n blackrock primary beneficiary december 31 2008 three vies consolidation three investment funds two cash private equity.\n creditors recourse credit.\n 2008 primary beneficiary two cash management funds 3/26/09 pm"
}
{
    "_id": "dd4bb9e4e",
    "title": "",
    "text": "shareowner return performance graph securities exchange commission future filing securities act 1933 1934.\n five-year comparison shareowners 2019 returns class b common stock s&p 500 index dow jones transportation average.\n quarterly stock price reinvested dividends $ 100 invested december 31 2002 s&p 500 index dow jones transportation average class b common stock united parcel service.\n return 40. 60. 80. 100. 120. 140. 160. 180. 200. 220.&p 500.\n united parcel service. 100. 119. 139. 124. 127 122.\n&p 500 index 100. 128. 142. 149. 173. 182.\n dow jones transportation average 100. 131. 168. 188. 206. 209.\nsecurities authorized equity compensation plans table 31 2007 common stock.\n authorize b common stock."
}
{
    "_id": "dd4bd0acc",
    "title": "",
    "text": "financial statements american airlines.\n.\n cash flows discounted market rate return risk time value.\n cost approach replacing asset used assets market income approaches.\n cost replace reflects estimated reproduction cost less loss depreciation.\n fair value us airways 2019 dividend miles loyalty program liability determined weighted average ticket value miles redeemed future travel december 9 2013.\n classes service domestic international itineraries carrier travel.\n impact merger results effects merger.\n depreciation amortization assets lease debt fair value adjustments elimination deferred gains losses loyalty program liability impact income changes profit sharing expense.\n higher wage rates memorandums elimination reorganization items transition costs.\n anticipated synergies benefits.\nunaudited financial information not indicative future results acquisition january 1 2012.\n december 31 millions.\n 2013 millions\n revenue $ 40782\n net income 2707\n.\n december 30 2015 us airways merged american consolidated financial statements transaction december 9 2013 subsidiary.\n years 2015 2014 december 9 2013 to 31 2013 consolidated financial data american us airways.\n results american.\n transaction transfer assets entities common control accounted pooling interests method.\n net assets no other assets liabilities recognized.\n financial statements accounting estimates assumptions assets liabilities revenues expenses.\n actual results could differ estimates.\n significant areas judgment passenger revenue recognition impairment goodwill long-lived"
}
{
    "_id": "dd4c26116",
    "title": "",
    "text": "obligations payments due 2017 2018 2019 2020 2021\n long-term debt $ 3508789 $ 203244 409257 366456 461309 329339 1739184\n line credit 56127  2650 48177 2014\n unconsolidated joint ventures debt 91235 2444 28466 5737 11598\n ground leases 311120 10745 5721\n development backlog costs 344700  331553 13147 2014\n 43357 7502 7342\n contractual obligations $ 4355328 $ 558138 $ 466583 $ 386402 531203 340303 2072699\n long-term debt secured unsecured principal interest.\n rates december 31 2016.\n $ 250.million variable rate term note maturity january 2019 reflected 2020 obligation one-year extension.\n unsecured line of credit maturity january 2019 2020 obligation.\n interest payments calculated recent interest rate. unconsolidated joint venture debt principal interest.\n interest expense variable rate calculated december 31 2016.\n estimated remaining costs owned development third-party construction projects.\n property asset management leasing construction tenant services unconsolidated companies equity interests.\n 2016 2015 2014 earned management fees $ 4. leasing fees $ 2. construction development fees $. million.\n recorded fees market rates eliminated ownership percentages financial statements.\n partnership guaranteed repayment $ 32. 9 million economic development bonds.\n payments guarantees incremental taxes debt service.\nsignificant payments guarantees.\n partnership guaranteed repayment unsecured loan.\n december 31 maximum guarantee exposure $ 52. 1 million.\n lease land terms march 2114 future payment obligation $ 311. 1 million.\n payments not material year.\n other operating leases office space total future payment obligation $ 43. 4 million december 31 2016.\n no future payments.\n subject legal proceedings claims.\n ultimate liability affect financial statements results operations.\n own parcels land subject special property tax assessments.\n"
}
{
    "_id": "dd4bfcf6e",
    "title": "",
    "text": "graph compares common stock s&p 500 healthcare equipment index.\n initial investment $ 100 december 31 2008 reinvestment dividends.\n five year return.\n lifesciences $ 158. $ 294. $ 257. 328. 239.\n s&p 500 126. 145. 148. 172. 228.\n 500 healthcare equipment 120. 117. 123. 145. 186."
}
{
    "_id": "dd4ba660a",
    "title": "",
    "text": "2007 annual report snap-on expenses $ 53. million 2006 $ 46. million 2005 due $ 15. million increased stock performance incentive compensation $ 6. 3 million adoption sfas.\n.\n expenses $ 4. 2 million higher insurance costs.\n offset $ 9. 5 million benefits rci initiatives.\n note 13 financial statements adoption.\n.\n growth funded cash debt financing.\n cash borrowings working capital expenditures restructuring acquisitions common stock repurchases dividend payments.\n credit rating external funds available reasonable cost.\n 15 2008 long-term debt commercial paper rated a3 p-2 a-.\n balance sheet cash financial flexibility growth acquisitions.\n.\n asset utilization investment working capital items.\n operating performance.\ndecember 29 2007 working capital liabilities $ 548. 2 million $ 117. 431. million 2006.\n increase reflects cash equivalents $ 29. 6 million long-term debt $ 27. 7 million 2013 working capital december 29 2007 30 2006.\n.\n equivalents $ 93. $ 63.\n receivable 2013 586. 559.\n inventories 322. 323.\n 185. 167\n 1187. 1113.\n -171. -178.\n long-term debt.\n -451. -459\n -639. -682\n working capital $ 548. $ 431.\n receivable end 2007 $ 586. 9 million up $ 27. 7 million 2006.\n increase higher sales fourth quarter 2007 25. 1 million.\nincrease receivable offset lower improvement 76 2006 to 73 2007."
}
{
    "_id": "dd4c29d3e",
    "title": "",
    "text": "network corporation financial statements capital lease obligations f3.\n fss satellite launched commercial april 2007.\n capital lease depreciated.\n leased 100% ku-band capacity 15 years.\n ii.\n canadian dbs satellite launched december 2008 commercial february 2009.\n capital depreciated.\n leased 100% capacity 10 year term.\n $ 500 million capitalized satellites acquired capital leases accumulated depreciation $ 279 million $ 236 million.\n $ 43 million depreciation expense satellites capital lease 2014 2013 2012.\n future minimum lease payments lease payments.\n 2015 77089\n 2016 76809\n 2017 76007\n 2018 75982\n 2019\n 468218\nlease location executory costs insurance maintenance profit lease payments -220883\n net lease payments 247335\n interest -52421\n lease payments 194914\n current -28378\n long-term capital lease obligations 166536\n future maturities long-term debt december 31 2014 commitments table note 16.\n.\n future tax effects differences tax bases assets liabilities balance operating loss tax credit carryforwards.\n deferred tax assets offset valuation allowances.\n valuation allowance.\n historical financial information events taxable income planning opportunities.\n consolidated tax returns.\n taxes foreign subsidiaries.\n financial statements separate."
}
{
    "_id": "dd4c1d962",
    "title": "",
    "text": "corporation america financial statements december 31 2006.\n stock-based compensation $ 1988000 lower compensation.\n.\n basic diluted earnings per share year december 31 2006 $ 0. 02 lower.\n.\n adoption.\n presented tax benefits deductions share-based payment operating cash flows.\n.\n compensation cost financing cash flows.\n excess tax benefit $ 2885000 financing cash inflow 2006 operating.\n.\n unearned compensation equity reclassified additional paid capital january 1, 2006.\n stock-based compensation expense not recognized december 31 2005 post 2005 grants stock options amortization restricted stock recorded additional paid in capital.\n expense stock options restricted stock year ended december 31 2006 2005 2004 ended 2006 2005 2004.\n options\nstock -2789 -1677 1677 -663\n taxes -6062 -1677 -663\n tax benefit 2382 661 260\n net income -3680 -403"
}
{
    "_id": "dd4c520b8",
    "title": "",
    "text": "reporting environmental results company classifies exposure into direct assumed reinsurance london market.\n table displays reserves statistics by category december 31 2011.\n.\n reserves\n direct $ 271\n assumed reinsurance 39\n london 57\n 367\n ceded\n net $ 320\n one year amount $ 58  survival ratio 6. 4.\n three year average $ 58 ratio 6. 4.\n completed annual asbestos reserve evaluations.\n reviewed direct insurance accounts assumed reinsurance london market.\n strengthened net asbestos reserves by $ 290 second quarter 2011.\n increases claim frequency severity expense driven mesothelioma claims.\n unfavorable development assumed reinsurance accounts.\n increases claim severity expense.\n driven by litigation.\n unfavorable.\nchanges 2010 2009 $ 169 $ 138 increases asbestos reserves.\n company expects asbestos liabilities annually.\n divides asbestos exposures into direct assumed reinsurance london market.\n major asbestos defendants wellington accounts subdivided structured settlements wellington future exposures $ 2. 5  less $ 2. 5 unallocated.\n structured settlements insured timing claim payments.\n wellington subcategory includes agreement.\n.\n other major asbestos defendants subcategory represents insureds tiers 1 2 not wellington signatories not structured settlements.\n 2 significant exposure.\n future exposures less than $ 2. 5 not major asbestos defendants.\n unallocated category includes reserves asbestos claims insureds not subject aggregate limit.\n between categories.\naccount future exposure $ 2. 5 recategorized less than $ 2. 5."
}
{
    "_id": "dd4c0ce78",
    "title": "",
    "text": "cash $ 704. million 2016 increased 154. million improved performance lower supplier payments offset tax accounts receivable sales.\n $ 549. 7 million decreased 472. million 2014 $ 750. million medtronic higher bonus payout.\n offset income tax payments $ 224. 5 million improved performance $ 50. million charitable contribution edwards lifesciences.\n $ 211. 7 million 2016 capital expenditures 176. million $ 41. million intangible assets.\n $ 316. million 2015 $ 320. million capital expenditures $ 102. million proceeds $ 119. million.\n $ 633. million 2014 purchases $ 527. 4 million capital expenditures $ 82. million.\n $ 268. 5 million treasury stock $ 662. 3 million debt $ 222. million stock plans.excess tax benefit stock $ 64. million.\n financing $ 158. 6 million 2015 purchases treasury stock $ 280. 1 million offset proceeds $ 87. 2 million excess tax benefit $ 41. 3 million.\n financing $ 153. million 2014 purchases treasury stock $ 300. 9 million offset proceeds $ 113. 3 million excess tax benefit $ 49. 4 million.\n contractual obligations commercial commitments december 31 2016.\n obligations less year 1-3years 4-5years 5years\n debt $ 825.\n operating leases 72. 22.\n interest debt 30.\n pension obligations 6.\n capital commitment obligations.\n purchase commitments 16.\n contractual cash obligations $ 951. 58. 867.$ 16.\n 2018 reflects contributions pension plans.\n.\n total benefit liability 2016 $ 50. 1 million.\n impacted"
}
{
    "_id": "dd4c1f136",
    "title": "",
    "text": "indemnification repurchase claims settled make-whole payments repurchases negotiate pooled settlements investors.\n repurchase loans consummation indemnification repurchase exposure investor.\n first second-lien mortgage balances unresolved settled claims associated with sold loans correspondent lender broker origination channels.\n settled recourse to lenders brokers third-parties. appraisers.\n determine ability pursue recourse file.\n historical recourse recovery rate insignificant impacted by inability parties. factors.\n origination sale residential mortgages ongoing business management assesses need indemnification repurchase liabilities.\n establish indemnification repurchase liabilities for estimated losses first second-lien mortgages expected loans.\nfirst second- lien mortgage portfolio established indemnification repurchase liability investor sale agreements claims demand patterns estimate future claims.\n repurchase liability breaches representations warranties factors borrower performance unresolved repurchase claims future repurchase claims rescission potential ability cure defects estimated severity loss repurchase loan collateral make-whole settlement indemnification.\n note 24 commitments guarantees financial statements.\n tables unpaid principal balance repurchase claims vintage past five quarters.\n quarterly residential mortgage repurchase claims.\n 2004 $ 11 $ 15 $ 31  $ 10\n 2005 8 10 19 12 13\n 2006 23  30  56  41 28\n 2007 45 137  182 100  90\n2008 7 23 49 17 18\n 94 215 180\n 38 52 42 33 29\n $ 132 $ 267 379 213 189\n 94% 87% 87 91% 91 %\n pnc financial services group.\n"
}
{
    "_id": "dd4bd4a32",
    "title": "",
    "text": "mastercard financial statements municipal bond portfolio tax exempt bonds diversified across states sectors.\n average credit quality double-a.\n short-term bond funds invest fixed income securities corporate mortgage.\n company holds investments ars.\n exempt.\n federal income tax interest rate resets every 35 days.\n collateralized student loans 95% to 98% principal interest.\n.\n 2008 auction mechanism.\n positions failed auctions.\n pay interest redeems.\n reclassified level 3.\n december 31 2010 market illiquid issuer call redemption activity periodically.\n 2009 company sell ars auction market calls.\n table roll-forward investments january 1 2009 to december 31 2010.\n significant unobservable inputs level 3 millions.\n december 31 2008 $ 192\nunrealized losses issuer calls 5\n increase fair value 11\n value december 31 2009 180\n calls par -94 ( 94\n 13\n increase fair value 7\n fair value december 31 2010 $ 106\n company evaluated estimated impairment ars portfolio temporary.\n considered factors reasons decline investments recovery decline historical anticipated duration events.\n evaluation-than-temporary impairments quantitative qualitative process subject risks uncertainties.\n credit quality market liquidity timing issuer calls interest rates.\n unrealized losses not related credit quality lack liquidity.\n"
}
{
    "_id": "dd4bd84e8",
    "title": "",
    "text": "consolidated financial statements minority partner approves annual budget receives monthly reporting meets quarterly results approves tax return approves leases space rentable consolidate substantive participation rights.\n agreements contain rights partner approval sell finance refinance payment capital operating expenditures outside budget.\n table information joint venture december 31 2009 property partner ownership interest economic interest square feet acquisition price 1221 avenue americas 45. 2550 $ 1000000 1515 broadway 55. 68. 45%. 45 % 05/02 $ 483500.\n ownership economic feet acquisition price\n 1221 avenue americas 45.\n 1515 broadway 55. 45%. 45 % $ 483500\n 100 park avenue 49. 90%. %. 95800\n 379 west broadway.45. 12/05 $ 19750\n 21 west 34thstreet 50. 07/05 $ 22400\n 800 third avenue private investors 42. 95%. 526 12/06 $ 285000\n 521 fifth avenue 50. 12/06 $ 240000\n court square morgan 30. 1402 01/07 $ 533500\n 1604-1610 broadway 45. 63. 11/05 $ 4400\n 1745 broadway witkoff. 32. 26%. %. 26%. % 674 04/07 $ 520000\n jericho plaza onyx 20. 26%. %. 26%. 26 % 04/07 $ 210000\n herald square 55. 354 04/07 $ 225000\n third avenue. 07/07 $ 317000\n court street 35.35. 318 07/07 $ 107500\n meadows 50. 50. 582 09/07 $ 111500\n 388 390 greenwich street 50. 60%. %. % 12/07 $ 1575000\n 27-29 west 34thstreet 50. 01/06 $ 30000\n 1551-1555 broadway 10. 07/05 $ 80100\n 717 avenue 32. 75%. 75 %. 09/06 $ 251900\n meadows 50. 09/07 $ 111500 388 390 greenwich street 50. 60%. 12/07 $ 1575000 201329 west 34th street 50. 01/06 $ 30000 1551 20131555 broadway 10. 07/05 $ 80100 717 fifth avenue 32. 75%. 09/06 $ 251900 price purchase price joint venture.\nacquired interest from mcgraw-hill companies.\n tenant property 14. 7%. annualized rent 31 2009.\n manage joint venture.\n tax protection agreement 1515 broadway not affect tax positions before december 2011.\n tenant 2015 represents 77. 4%. annualized rent 2009.\n 2006 deconsolidated investment.\n primary beneficiary.\n equity.\n invested $ 109. 5 million loan secured 47% interests option to convert loan to equity.\n members re-acquire 4% 4 % ) equity.\n re-acquired december 2008 reduced interest to 42. 95%. april 2007 deconsolidated investment.\n primary beneficiary.\n.\n syndicate interest to 14. 79%.\n acquired fee interest in 2 herald square.\n subject to long-term operating lease.\ngramercy acquired fee leasehold interest 885 third avenue.\n long-term lease.\n onyx acquired remaining 50% interest september 2009.\n property 13-year triple-net lease single tenant.\n 2008 deconsolidated investment.\n recapitalization primary beneficiary.\n partners equity neither joint venture.\n august 2008 deconsolidated.\n sale 80% interest joint venture.\n september 2008 deconsolidated.\n primary beneficiary."
}
{
    "_id": "dd4bb42d2",
    "title": "",
    "text": "firm reinvests earnings foreign subsidiaries accrue.\n income taxes repatriated.\n 2012 2011 policy unrecognized net deferred tax liability $ 3. 75 billion $ 3. 32 billion reinvested earnings $ 21. 69 billion $ 20. 63 billion.\n recognizes positions sustained taxing authority.\n.\n liability differences tax return.\n december 2012 accrued liability interest expense income tax penalties $ million $ million.\n recognized $ 95 million $ 21 million $ 28 million interest income tax penalties 2012 2011 2010.\n unrecognized tax benefits change audit settlements estimate change.\n table changes liability unrecognized tax benefits.\n. note 17.\n december 2012\n balance beginning year $ 1887 $ 2081\n increases tax positions\ntax positions years 336 278 162\n decreases -109 -41 -104\n decreases settlements -35 -638 -128\n acquisitions -47 47\n exchange rate fluctuations 15 -1\n balance end year $ 2237 $ 1887 2081\n deferred income tax 972\n unrecognized tax 1552 1318 1109\n.\n.\n.\n benefit income tax rate.\n sachs 2012 annual report"
}
{
    "_id": "dd497f354",
    "title": "",
    "text": "62 mills losses interest rate cash flow hedges totaled $ 73. 6 million after tax.\n related interest rate swaps reclassified net interest.\n losses foreign currency hedges $ 1. 7 million after-tax.\n-tax gains net earnings 12 months $ 14. 0 million.\n credit-risk contingent features derivative instruments investment grade credit rating.\n below investment grade counterparties request collateralization liability.\n fair value derivative instruments credit-risk contingent liability $ 19. 9 million.\n posted $ 4. 3 million.\n triggered additional $ 15. 6 million collateral counterparties.\n wal-mart stores.\n accounted 22 percent net sales 30 percent net sales.\n retail segment.\n no customer 10 percent consolidated net sales.\nwal- mart represented 6 percent international 7 percent bakeries foodservice.\n may 2012 accounted 26 percent.\n retail 5 percent international 9 percent bakeries foodservice.\n five largest customers.\n retail 54 percent fiscal 2012 sales international 26 percent bakeries foodservice 46 percent.\n enter interest rate foreign exchange commodity equity derivatives rated counterparties.\n monitor positions credit rat counterparties limit credit exposure party.\n losses nonperformance incurred material loss.\n commodity futures transactions regulated exchanges.\n loss credit risk $ 19. 5 million collateral.\n transactions require collateral instruments credit risk.\n collateral assets cash.\n treasury instruments trust account counterparty defaults.\n.\n debt notes payable weighted-average interest rates.\nmay 27 2012 average interest rate\n. commercial paper $ 412. 2%. % $ 192.\n institutions 114. 118. 11.\n $ 526. 4%. 4 % 311. 5%. 5 %\n bank credit lines short term borrowings.\n commercial paper financing.\n programs united states.\n 2012 fee-paid credit lines $ 1. billion facility 2015 $ 1. 7 billion"
}
{
    "_id": "dd4b9045e",
    "title": "",
    "text": ".\n allowance credit losses.\n millions 2009 2008 2007\n loan losses year $ 29616 $ 16117 8940\n credit losses -32784 -11864\n recoveries 2043\n $ -30741 -9926\n 30741\n reserve 5741 11297\n 2278 3366\n credit losses $ 38760 $ 33674 $ 16832\n -1164\n loan losses end year $ 36033 29616 16117\n losses unfunded lending commitments $ 887 $ 1250\n unfunded -363\n losses end year $ 1157 $ 887 1250\n unfunded lending $ 37190 $ 30503 $ 17367\n.\n reductions loan loss reserve $ 543 million securitizations $ 402 million sale transfers..\n real estate 562 million.\n-sale.\n 2008 loan loss 800 million translation 102 million securitizations 244 million german retail banking 156 million citicapital $ 106 million cuscatl overseas chinese acquisitions.\n 2007 loan loss $ 475 million securitizations-sale 83 million.\n citifinancial $ 610 million acquisitions egg cuscatl financiero.\n loss reserves unfunded corporate lending."
}
{
    "_id": "dd4bb14b0",
    "title": "",
    "text": "asset utilization 2013 economic lower revenue implemented productivity initiatives efficiency costs resources lower demand.\n reductions 26% road locomotives 18% freight car inventory.\n reduced shift levels rail closed operations 30 114 rail yards.\n workforce 10%.\n fuel prices economy worsened fuel prices dropped $ 33. 87 per barrel five-year low.\n crude oil prices increased $ 80 per barrel.\n average fuel price decreased 44% 2009 operating expenses $ 1. 3 billion.\n reduced consumption rate 4% saving 40 million gallons fuel.\n newer efficient locomotives distributed locomotive power fuel conservation programs improved network asset utilization.\n free cash flow 2013 $ 3. 2 billion $ 515 million 2009.\n investing.\n financial measure.\n financial performance.\n.\ntable reconciles cash operating free cash flow millions 2009 2008 2007.\n operating activities $ 3234 $ 4070 $ 3277\n investing activities -2175 ( 2175 -2764 ( 2764 -2426 2426\n dividends -544 -481 -364 (\n free cash flow $ 515 $ 825 $ 487\n 2022 benefits employees customers shareholders public.\n multi approach safety technology risk assessment quality control training.\n total safety culture.\n safe practices.\n best practices.\n reducing grade-crossing incidents maintain upgrade crossings video cameras public safety.\n traffic flows network patterns simplify operations variability efficiency asset utilization.\n adjust manpower locomotive rail fleets"
}
{
    "_id": "dd4c4249c",
    "title": "",
    "text": "tower corporation subsidiaries financial statements uncollectible.\n conditions.\n changes allowances years december 31.\n 2011 2010\n balance january 1 $ 24412 $ 22505 $ 28520\n increases 17008 16219\n write-offs recoveries -12034\n balance december 31 $ 20406 $ 24412 $ 22505\n changes organizational structure subsidiaries january 1 currency subsidiary brazil brazilian real.\n assets liabilities translated.\n dollars exchange period.\n revenues expenses translated monthly exchange rates cumulative translation effect equity.\n change.\n net value non-monetary assets liabilities.\n impact $ 39. million increase income year december 31 2010.\n renegotiation agreements iusacell.\n.\n converting iusacell contractual obligations.\nmexican pesos company determined april 1 2010 currency foreign subsidiaries peso.\n assets liabilities translated into.\n dollars.\n revenues expenses translated exchange rates cumulative translation effect included equity.\n change.\n net value non-monetary assets liabilities.\n impact $ 33. 6 million decrease income.\n currency subsidiaries local currency.\n assets liabilities translated.\n dollars.\n revenues expenses rates.\n cumulative translation effect included equity.\n foreign currency transaction gains losses recognized statements transactions.\n cash equivalents deposits short-term investments money market funds remaining maturities three months cost approximates fair value.\nrestricted cash classifies pledged collateral obligations limited contractual provisions reserve commercial mortgage pass-through certificates 2007-1 securitization transaction secured cellular site revenue notes 2010-1 f assumed acquisition unison holdings site management.\n."
}
{
    "_id": "dd496d7c6",
    "title": "",
    "text": "facility amended 2013 2012.\n 2014 maturity march 2019.\n aggregate commitment $ 3. 990 billion credit facility.\n additional $ 1. 0 billion borrowing capacity not $ 4. 990 billion.\n interest borrowings london interbank rate plus spread.\n exceed maximum leverage ratio net debt earnings 3 to 1 less 1 to 1 december 31 2014.\n facility provides back-up liquidity working capital investment opportunities.\n no amount outstanding.\n.\n october 14 2009 blackrock established unsecured notes maximum $ 3. 0 billion.\n increased $ 3. 5 billion 2011 $ 3. 785 billion 2012.\n 2013 increased $ 3. 990 billion.\n supported 2014 credit facility.\n december 31 blackrock no cp notes outstanding.\nlong-term borrowings carrying fair value estimated market prices december 31 2014 maturity amount unamortized discount carrying value fair value.\n. 375%. 375 % 2015\n. 25%. 2017\n.\n 4. 25%. 25 % 2021\n 3. 375%. 375 % ) 2022\n. 50%. 50 % 2024\n long-term borrowings\n december 31 2013 carrying value $ 4. 939 billion fair value $ 5. 284 billion prices 2013.\n.\n issued $ 1. billion 3. 50%. unsecured unsubordinated notes maturing march 18 2024.\n proceeds refinance indebtedness fourth quarter 2014.\n interest payable semi-annually march 18 september 18 $ 35 million per year.\n2024 notes redeemed maturity company redemption price.\n issued discount $ 3 million amortized over term.\n incurred $ 6 million debt issuance costs amortized term.\n 2014 $ 6 million unamortized.\n 2015 2022.\n 2012 issued $ 1. 5 billion unsecured obligations.\n senior debt securities $ 750 million. 375%. notes june 2015 $ 750 million. 2022.\n proceeds repurchase blackrock 2019s common stock series b corporate purposes.\n interest 2015 2022 notes $ 10 million $ 25 million per year payable semi-annually june 1 december 1 commenced december 1 2012.\n redeemed maturity 201d redemption price.\n par value future payments early redemption.\n 2015 2022 issued discount $ 5 million amortized over term.\n company incurred $ 7 million debt costs amortized 2015 2022.\n 2014 $ 4 million unamortized.\n.\n issued $ 1. billion unsecured obligations.\n senior debt securities $ 750 million. 25%. 2021 $ 750 million repaid 2013 maturity.\n proceeds repurchase blackrock 2019s series merrill lynch.\n.\n"
}
{
    "_id": "dd4c1a4c4",
    "title": "",
    "text": "expense.\n 2014 2013 incurred $ 158. $ 167. 153.\n capitalized interest 33.\n expense $ 125. 141. 123.\n 2014.\n 2013 decreased $ 9.\n lower average interest rate reduced $ 13 higher debt balance increased $ 6.\n higher carrying value construction.\n.\n increased $ 13.\n higher debt balance lower interest rate $ 24.\n decrease project spending lower interest rate.\n tax income tax operations.\n.\n.\n 27. 22 8%. 2013\n higher goodwill impairment charge $ 305. tax reform 2014 increased income tax expense $ 20.\n offset income tax benefit $ 51. losses.\n.\n prior year rate tax benefits $ 73. business restructuring cost reduction plans $ 3. advisory costs.\nnote 4 business restructuring cost reduction 9 goodwill 22 income taxes 23 supplemental information consolidated financial statements.\n non-gaap effective tax rate 24. 0%. 2%. 2014 2013.\n.\n tax 22. 8%. 21. 9%. 2012.\n tax $ 73. $ 3. advisory costs.\n 2012 $ 105. $ 58. second quarter tax ruling $ 3. customer bankruptcy charge income tax expense $ 43. tax settlement $ 31. gain equity interest nanomaterials.\n 4 restructuring cost reduction 5 combinations 22 income taxes 23 supplemental.\n non-gaap tax rate 24. 2%. 2 % 2013 2012.\n sale homecare business.\n sold majority linde group proceeds 20ac590 million $ gain $ 207.\n impairment charge $ 33.share business united kingdom ireland net value.\n 2013 charge $ 18. 7 $ 13.-tax. 06 share.\n 2014 gain $ 3. 9 sale homecare settlement contingencies linde group.\n consolidated financial statements."
}
{
    "_id": "dd4c043ae",
    "title": "",
    "text": "2013 ppg annual report form 10-k.\n separation merger transaction january 28 2013 commodity chemicals merger eagle spinco. georgia gulf morris trust transaction.\n spinco wholly subsidiary georgia gulf.\n merger exchange offer conditions.\n combined company axiall corporation.\n ppg no ownership axiall.\n ruling revenue service transaction tax free.\n 35249104 shares eagle spinco common stock ppg common stock.\n eagle spinco common stock converted axiall common stock.\n ppg shareholders received. shares axiall each ppg.\n maximum 10825227 shares ppg reduced outstanding shares 7%.\n non-cash financing increase \"treasury stock $ 1. 561 billion ppg closing stock price january 25 2013.\nppg received $ 900 million cash 35. 2 million shares axiall common stock value $ 1. 8 billion 2013 distributed ppg shareholders.\n received $ 67 million cash working capital adjustment.\n assets transferred axiall $ 27 million cash.\n transferred environmental remediation liabilities defined benefit pension plan assets post-employment benefit liabilities.\n 2013 $ 2. 2 billion cash proceeds cost shares. million.\n settlement loss $ 33 million defined benefit pension liabilities liabilities.\n incurred $ 14 million pretax expense professional services $ 2 million net expense retained obligations post-closing adjustments.\n net gain includes losses expenses.\n results cash flows discontinued operations december 31.\nresults cash ppg's former commodity chemicals business reclassified discontinued.\n ppg axiall transition services 24 months.\n services include logistics purchasing finance information technology human resources tax payroll processing.\n net sales income before taxes discontinued table.\n millions 2013 2012 2011\n net sales $ 108  $ 1688 $ 1732\n income before tax 2014 $ 345  $ 376\n net gain separation merger chemicals\n income tax expense\n income discontinued operations tax $ 2197 $ 228 $ 250\n non-controlling interests\n income $ 2197 $ 215 $ 237\n 2012 $ 21 million business separation costs discontinued operations."
}
{
    "_id": "dd4ba002a",
    "title": "",
    "text": "stock option gains deferred compensation plan.\n american jobs creation act until december 31 2005 withdraw deferred.\n.\n company leases facilities equipment software leases through 2022.\n agreements include renewal escalation clauses taxes insurance maintenance costs.\n rental expense $ 43 million 2007 $ 45 million 2006 $ 44 million 2005.\n future minimum rental payments long-term leases november 3 2007.\n 30774\n 2009 $ 25906\n 2010 $ 13267\n 2011 5430\n 2012 3842\n 12259\n $ 91478\n.\n settlement stock option investigation 2004 inquiry stock option granting practices financial.\n 2005 company tentative settlement.\n cooperated.\n.\n.\n offer settlement.\n commission approval.\n no assurance final settlement.\n inquiry two issues.\nfirst issue company disclosure grants options employees directors financial results.\n options granted november 30 1999 november 10 2000.\n second issue grant dates options 1998 1999 2001.\n settlement grant date september 4 1998 options 8th one day later november 30 1999 29th earlier july 18 2001 july 26th five trading days after original date.\n analog devices  inc.\n notes consolidated financial statements 2014"
}
{
    "_id": "dd4b8d844",
    "title": "",
    "text": "new orleans.\n increased $ 20. million higher net revenue.\n income $. million.\n increase higher revenue lower interest expense offset operation maintenance depreciation amortization expenses.\n revenue revenues fuel purchased power expenses regulatory credits.\n analysis change net revenue 2004 2003.\n 2003 net revenue $ 208.\n base rates.\n volume/weather.\n 2004 deferrals.\n unbilled electric sales.\n.\n 2004 net revenue $ 239.\n increase base rates june 2003.\n increase.\n increased electric usage industrial.\n offset milder weather residential commercial sectors.\n 2004 deferrals variance voluntary severance plan fossil plant maintenance expenses stipulation 2004.\n recovery amortization regulatory asset.\n five-year period january 2004 2003.\n rate plan.\nprice unbilled electric sales due fuel."
}
{
    "_id": "dd4bb3512",
    "title": "",
    "text": "masco corporation financial statements.\n export sales.\n $ 229 million $ 241 million $ 246 million 2012 2011 2010.\n excluded intra-company sales two percent sales.\n customer $ 2143 million $ 1984 million $ 1993 million.\n cabinets plumbing architectural specialty.\n sales operations.\n $ 5793 million $ 5394 million $ 5618 million 2012 2011 2010.\n sales property additions depreciation amortization excluded discontinued operations.\n impairment charge specialty products $ 42 million.\n impairment charges cabinets 44 million plumbing $ 1 million decorative architectural products $ 75 million specialty 374 million.\n 2010 impairment plumbing products $ 1 million installation services $ 697 million.\n corporate attributable segments.\ncharge litigation settlement 2012 relates installation services 2011 cabinets specialty segments.\n long-lived assets.\n $ 2795 million $ 567 million 2964 million 565 3684 million $ 617 million december 31 2012 2011 2010.\n assets excluded discontinued operations.\n.\n severance costs review 2012 2011 2010 market conditions.\n recorded charges severance early retirement programs $ 36 million $ 17 million $ 14 million 31 2012 2011 2010.\n charges reflected operations selling administrative expenses paid when incurred.\n.\n other income expense.\n cash investments $\n interest income\n financial investments\n items\n $\n foreign currency transaction losses $ 2 million $ 5 million $ 2 million 2012 2011 2010 miscellaneous items."
}
{
    "_id": "dd4bbc7ca",
    "title": "",
    "text": "35% 35 % due to undistributed foreign earnings no.\n taxes reinvested outside.\n september 24 2011 company had deferred tax assets $ 3. 2 billion liabilities $ 9. 2 billion.\n management believes forecasted income future reversals recover deferred tax assets.\n realizability valuation allowance.\n internal revenue service federal income tax returns 2004 2006 proposed adjustments.\n contested.\n examining 2007 through 2009.\n audit issues 2004 resolved.\n subject to audits state local foreign tax authorities.\n provisions for adjustments.\n outcome audits.\n adjust income taxes.\n table financial information statistics three years ended september 24 2011 millions.\n 2010 2009\n cash equivalents marketable securities $ 81570 $ 51011 $ 33992\nreceivable $ 5369 $ 5510 3361\n inventories $ 776 $ 1051 455\n working capital $ 17018 20956 20049\n cash flow $ 37529 $ 18595 10159\n cash equivalents securities increased $ 30. 6 billion.\n operating $ 37. 5 billion offset property equipment $ 4. 3 billion intangible assets $ 3. 2 billion business acquisitions $ 244 million.\n balances capital purchases liquidity 12 months.\n portfolio rated securities credit exposure.\n loss.\n september 2010 $ 54. 3 billion $ 30. 8 billion securities foreign subsidiaries.\n.\n.\n taxation.\n expenditures $ 4. 6 billion $ 614 million retail facilities $ 4. billion other expenditures"
}
{
    "_id": "dd4b928a8",
    "title": "",
    "text": ".\n level 1 traded exchanges valued closing prices last trading day year.\n.\n trustee obtains quotes pricing vendor broker investment.\n level 2 3.\n commingled equity funds level 1 traded international exchanges valued closing prices last trading day year.\n not trustee obtains quotes vendor broker investment.\n level 2.\n fixed income investments level 2 valued market data. bids quoted prices.\n investments level 3 valuations unavailable.\n trustee obtains pricing indicative quotes bid evaluations vendors brokers.\n commodities traded active exchange valued closing prices last trading day commingled equity funds valued. valuations based underlying investments redeemable 90 days.\n private equity funds partnership co-investment funds.\nnavaa based valuation models securities unobservable inputs market data.\n funds redemption periods eight 12 years.\n real estate funds closed-end funds based valuationmodels appraisals.\n redemption periods eight 10 years.\n hedge funds direct funds based valuation investments.\n redemptions based specific terms month to months.\n funding defined benefit pension plans determined erisa internal revenue code rules.\n no material contributions 2017.\n $ 5. 0 billion 2018. cash funding until 2021. fund cash commercial paper.\n issue new debt.\n estimated future benefit payments employee service december 31 2017 millions.\n qualified defined benefit pension plans $ 2450 2480 2560 2630 2700 14200\n retiree medical life insurance plans 180\nplans 401 k ) employees.\n contributions.\n $ 613 million 2017 $ 617 million 2016 393 million 2015 funded common stock.\n 35. 5 million 36. 9 million shares common stock 2017 2016."
}
{
    "_id": "dd4980c68",
    "title": "",
    "text": "equity compensation plan information table presents equity securities as december 31  2017.\n category number securities issued outstanding options warrants rights weighted-average exercise price options warrants securities remaining future issuance excluding securities approved. 4087587 compensation plans not approved.\n category number securities issued warrants rights weighted-average exercise price rights securities remaining future issuance excluding\n plans approved by holders. 4087587\n not approved\n.\n includes grants under huntington ingalls industries.\n 2012 long-term incentive stock plan approved stockholders 2 2012 huntington ingalls industries.\n approved stockholder northrop grumman.\n 27123 stock rights granted under 2011 plan.\nincludes 28763 stock 3075 restricted 389898 restricted performance rights 2012 plan target performance achievement.\n no awards plans not approved security holders.\n 13.\n relationships transactions director independence incorporated 2018 annual meeting 120 days after fiscal year.\n 14.\n principal accountant fees services 2018 meeting 120 days."
}
{
    "_id": "dd4c4bb3c",
    "title": "",
    "text": "market risk management equity losses private public equity markets.\n extending credit deposits securities underwriting trading instruments investments management buyouts recapitalizations growth financings industries.\n affiliated funds private equity debt hedge funds.\n economic value affected market factors.\n primary risk measurement economic capital.\n.\n potential value depreciation solvency institution.\n illiquid investments determine fair values.\n note 7 fair value financial statements.\n business units manage equity investment activities.\n decisions policy limits guidelines.\n summary equity investments 54 millions.\n blackrock $ 6265 $ 5940\n tax credit investments 2616\n private equity\n visa\n $ 10728 $ 10560\n first quarter 2014 2014-01 investments low income housing tax credits.\nblackrock pnc owned 35 million shares equity december 31 2014 equity method.\n risk economic capital.\n business.\n investments direct consolidated partnerships totaled $ 2. 6 billion december 2014 2013.\n unfunded commitments $ 717 million $ 802 million.\n liabilities balance.\n loan sale investments.\n illiquid industry.\n totaled $ 1. 6 billion 2014 $ 1. 7 billion 2013.\n $ 1. 1 billion directly $. 5 billion indirectly private equity funds.\n direct investments private equity funds.\n noncontrolling interests totaled $ 212 million 31 2014.\n interests indirect private equity funds not redeemable receive distributions liquidation.\n item 2013 supervision regulation risk factors impacts volcker rule funds.\nunfunded commitments private equity 140 million 2014 164 million 2013.\n.\n"
}
{
    "_id": "dd4b8c016",
    "title": "",
    "text": "marathon oil corporation financial statements obligation lease equipment united states steel clairton cokemaking facility pennsylvania.\n primary obligor.\n responsibility obligations.\n amortizing financing maturity 2012.\n senior secured oil.\n.\n guarantee principal interest.\n obligations december 31 2009 $ 36 million construction capital lease completion.\n reflect future minimum lease obligations $ 164 million.\n long-term debt 2010 - 2014 $ 102 million 246 million 1492 287 802 million.\n united steel 17 million 2010 161 million 2011 19 million 2012 11 2014.\n change control debt obligations $ 662 million december 31 2009 due payable.\n note 16 interest rate swaps.\n.\n retirement obligations.\n january 1 $ 1134\n liabilities acquisitions\nsettled -65\n expense depreciation depletion amortization 66\n revisions estimates 24\n sale\n retirement obligations december 31 1102 965\n obligations $ 3 2 million short-term december 31 2009 2008."
}
{
    "_id": "dd4bbb096",
    "title": "",
    "text": "entergy corporation subsidiaries pollution environmental secured mortgage bonds.\n implicit 4. 8%.\n nuclear waste policy act 1982 subsidiaries spent nuclear fuel disposal.\n one-time fee generation april 7 1983.\n arkansas electric power nuclear fuel includes one fee accrued interest long-term debt.\n note 10 waterford 3 lease obligation entergy louisiana acquisition equity participant grand gulf lease obligation.\n 7. 458%.\n value lease obligations $ 57 million $ 34 million long-term doe obligations $ 182 million debt due one year.\n level 2 hierarchy based benchmark yields reported trades.\n annual long-term debt maturities december 31 2016 next five years.\n 307403\n 2018 828084\n 724899\n 795000\n 2021\nnovember 2000 entergy purchased fitzpatrick indian point 3 power plants.\n recorded liability net value each year beyond nrc license expiration date.\n october 2015 shutdown fitzpatrick.\n reduced liability $ 26. 4 million.\n august 2016 trust transfer agreement decommissioning funds liabilities fitzpatrick.\n original agreements amended license extension payments eliminated.\n third quarter 2016 removed note payable $ 35. 1 million balance sheet.\n louisiana mississippi texas system energy long-term financing ferc october 2017.\n arkansas apsc december 2018.\n new orleans city council june 2018.\n supply system energy capital maintain equity capital 35% total capitalization"
}
{
    "_id": "dd4bb51aa",
    "title": "",
    "text": "tables reconciliation ending balances measurements inputs 2017 2016.\n january 2017 assets settlements december 31 2017.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n investments strategies.\n allocation.\n allocations allocation.\n.\nstrategies assets benefits include target allocations asset classes returns diversification liquidity.\n 2012 de-risking strategy american water pension plan volatility.\n revised asset allocations matching characteristics fixed-income assets liabilities.\n postretirement liabilities.\n 2017 increased exposure liability-driven investing fixed-income allocation to 50% 40% volatility from interest rates.\n 2012 de-risking strategy medical bargaining trust.\n 2017 asset-liability study medical trend inflation outpaced consumer price index 2% 20.\n equity exposure to 30% fixed-income from 80% to 70% 70 %.\n conducted asset-liability study post-retirement non-bargaining medical plan.\n allocation adjusted equity allocation 70% to 60% fixed- income allocation 30% to 40%.\npost-retirement medical plan equity allocation reduced benefits non-union participants liabilities.\n changes 2018.\n company engages third party managers assets.\n outside asset class.\n strategy.\n investment management agreements performance attribution analysis strategy.\n futures options adjust portfolio investment policy."
}
{
    "_id": "dd4bc5ca8",
    "title": "",
    "text": "mutual pooled funds shares valued at net asset value nav exchange level 1 assets.\n units valued per unit nav fund manager level 2 assets.\n nav fair.\n corporate government bonds level 2 assets valued market prices or comparable securities.\n mortgage asset-backed securities level 2.\n real estate pooled funds level 3 assets estimated fair value underlying properties.\n calculated revenue expense growth rates capitalization discount rates.\n.\n pooled funds level 2 valued at nav shares year end based on fair value underlying investments.\n securities interests level 3 estimated fair value underlying investments.\n valued based bids brokers default risk capital.\n insurance contracts level 3 assets carried contract value estimated fair value.\nestimated value based investment insurance company.\n projected 2015 $ 137.\n contributions long-term funding tax planning.\n benefit payments due timing retirements cost reduction actions.\n anticipate contributing $ 100 to $ 120 benefit pension plans 2016.\n contributions driven unfunded plans dependent timing retirements business.\n projected benefit payments future service.\n.\n 129. 52.\n 135.\n.\n.\n.\n.\n estimated benefit payments based future events.\n vary."
}
{
    "_id": "dd4c439dc",
    "title": "",
    "text": "december 31 2015 2014 options 5 million 6 million shares common stock $ 55. 42 $ 56. 21.\n value $. 1 billion.\n cash from option exercises $. 1 billion $. 1 billion $. 2 billion.\n tax benefit insignificant.\n common stock 39 million shares december 31 2016.\n common stock future issuance 40 million shares 31.\n issued 2 million shares treasury stock.\n utilize treasury stock future option exercises.\n value determined market value reduction estimated forfeitures.\n remeasured achievement performance goals.\n adjustment market value risk review triggers.\n grant date fair value 2016 2015 2014 $ 78. 37 $ 91. 57 $ 80. 79 per share.\nvalue incentive/performance restricted share awards 2016 2015 2014 approximately $. 1 billion $. 2 billion $. 1 billion.\n compensation expense awards vesting performance periods.\n table 78 nonvested incentive/performance restricted 2013 millions.\n december 31 2015 value $ 79. 27 3 $ 79. 26\n $ 77. $ 78.\n $ 71. $ 65.\n 31 2016 $ 81. 42 $ 83. 27\n forfeited awards 2016 insignificant.\n adjustments performance goals awards prior periods.\n exclude dividends underlying shares paid cash issued.\n blackrock long-term incentive plans adopted 2002 program attract retain professionals.\nagreed transfer four million shares blackrock stock 2002 ltip program future programs.\n 2009 obligation replaced series c stock.\n 2016 transferred. 5 million shares.\n december 31 2016 held. 8 million shares obligations.\n note 23 february 1 2017 transfer. 5 million shares obligation.\n stock fair value offsets marking-to-market obligation.\n note 6.\n pnc financial services group.\n 2013 form 10-k 139"
}
{
    "_id": "dd4b88498",
    "title": "",
    "text": "investments impaired december 31 2005 2004.\n gains losses 2005 were $ 15000 $ 75000.\n 2004 $ 628000 $ 205000.\n 2003 $ 1249000.\n no losses 2003.\n effective.\n.\n 31 2005 2004 held $ 41482000 $ 49847000.\n balance deposit conditional stand-by letters credit landlords.\n.\n property equipment depreciation expense 2005 2004 2003 $ 26307000 $ 28353000 $ 27988000.\n 2005 2004 wrote off assets depreciated.\n no effect net property equipment.\n sold assets not fully depreciated.\n net loss on disposal $ 344000 2005 $ 43000 2004.\n.\n assessed investment in altus pharmaceuticals.\n adjustments fair values decrease below carrying down investment 2004.\ncompany equity warrants $ 18863000 2005 2004.\n furniture equipment 98387 90893\n leasehold improvements\n computers\n software\n property 202359 191019\n depreciation amortization 126794\n 54533 64225"
}
{
    "_id": "dd4c11a22",
    "title": "",
    "text": "agencies rating insurance company.\n statutory surplus.\n surplus represents capital accounting practices state insurance department.\n.\n risk financial increase cost debt business financial condition liquidity. companies december 31 2014 2013.\n. 7157\n property casualty insurance\n capital surplus.\n increased $ 518 due annuity surplus $ 788 net income non annuity business $ 187 unrealized gains assets $ 138 returns capital $ 500  changes reserves valuation $ 100.\n april 30 2014 operations.\n capital surplus property casualty insurance increased $ 47  due net income $. billion unrealized gains investments $ 1. 4 billion offset dividends hfsg company $ 2. 5 billion.\ncompany held capital surplus japan june 30 2014.\n capital surplus $ 1. 2 billion 31 2013."
}
{
    "_id": "dd4bd7228",
    "title": "",
    "text": "part item 5.\n market common equity common stock traded new york stock exchange symbol since august 17 2004.\n no public market common stock.\n table high low bid price per share dividends.\n period august 17 2004 to september 30 2004 14. 38 12. 50.\n ended december 31 2004.\n march 31 2005.\n june 30 2005.\n september 30 2005.\n december 31 2005.\n february 28 2006 closing price common stock $ 15. 00\n 166 holders common stock.\n entitled receive distributions declared board directors.\n required distribute 90% 2018 taxable income net taxable ordinary income stockholders annually maintain reit qualifications.\n federal income tax.\nsales equity securities proceeds june 20 6200000 shares common stock $. $ 83514 8-k 24.\n proceeds debt repayment.\n shares issued exemption securities act 1933."
}
{
    "_id": "dd4bb10f0",
    "title": "",
    "text": "performance graph compares return reinvestment dividends investment common stock standard 500 stock index dow jones united states travel leisure index five year stock prices december 2013 2018.\n royal caribbean cruises. 176. 220. 182. 271. 227.\n&p 500. 113. 115. 129. 157. 150.\n. 116. 123. 132. 164. 154.\n performance value common stock index $ 100 december 31 2013 dividends reinvested.\n performance not indicator future results."
}
{
    "_id": "dd4bcd94e",
    "title": "",
    "text": "tower corporation subsidiaries financial statements table summarizes preliminary allocation purchase consideration assets acquired liabilities assumed estimated value date acquisition purchase price allocation.\n non-current assets $ 24460\n property equipment 138959\n intangible assets 117990\n non-current liabilities\n net assets acquired $ 263214\n goodwill\n customer-related intangibles $ 80. million network location intangibles $ 38. million.\n amortized 20 years.\n goodwill deductible tax.\n allocated international rental management segment.\n 2010 agreement mtn group joint venture.\n controlled subsidiary holds 51% 51 % interest. 49% 49 % interest.\n owns tower operations company.\nmay 6 august 11 december 23 joint venture acquired 400 770 686 communications sites mtn group ghana price $ 515. 6 million contingent consideration $ 2. 3 million value added tax $ 65. 6 million.\n increased $ 517. 7 million. tax. post-closing adjustments.\n legal title sites transferred mtn group.\n company allocation purchase price consolidated operating results.\n december 2011 amendment agreement additional payments conversion barter cash-paying.\n estimates payments zero $ 1. million $ 0. 9 million december 31 2012.\n made payments $ 2. 6 million.\n 31 2012 increase fair value $ 0. 4 million statements."
}
{
    "_id": "dd4c5e502",
    "title": "",
    "text": "change expense driven foreign currency exchange instruments note 7 201citem 8.\n financial statements data.\n.\n current expense $ -70 $ 112\n deferred expense\n total expense $ 156\n income tax rate 17% % 2% 2 %\n note 8.\n.\n discontinued net earnings increased gain sale ownership interests enlink partner $ 2. 6 billion. after-tax.\n note 19.\n.\n 2013 2017.\n 2016 graph change net earnings 2016 to 2017.\n changes discussed category.\n earnings noncontrolling interests.\n $ 1308 $ 165 1458 1078 upstream operations expenses financing costs earnings asset impairments dispositions restructuring transaction costs expenses.\n graph drivers upstream operations change.\n427 1395 395 2176 176 3484 production prices expenses"
}
{
    "_id": "dd4c5c572",
    "title": "",
    "text": "return graph compares return standard poor composite 500 index dow jones health care providers index five years 2014.\n assumes investment $ 100 common stock s&p 500 peer group 2009 dividends reinvested.\n $ 100 125 201 160 244\n s&p 500 $ 100 115 117 136 $ 180\n peer group $ 100 112 123 144 198 252\n stock price performance not indicative future performance.\n"
}
{
    "_id": "dd4bb6870",
    "title": "",
    "text": "aes corporation financial statements 2014 multilateral loans bilaterals multilaterals development banks institutions.\n non-recourse debt $ 708 million 2009 excluded included current long-term liabilities businesses.\n debt scheduled maturity annual maturities millions.\n 2577\n 2012 657\n 2013 953\n 2014 1839\n 2015 1138\n 7957\n non-recourse debt $ 15121\n 31 2010 aes subsidiaries $ 432 million credit facilities construction.\n $ 893 million revolving credit lines working capital reserves business needs.\n lines borrowings letters credit.\n average interest rate borrowings. 24%. % december 31 2010.\n non-recourse debt covenants restrictions defaults financial covenants.\n subsidiary activity.\n reserves working capital limitations additional indebtedness.\ncovenants.\n december 31 $ 803 million $ 653 million restricted cash maintained non-recourse debt agreements cash reserves deposits.\n provisions restrict subsidiaries transfer assets parent.\n restricted assets $ 5. 4 billion december 31 2010."
}
{
    "_id": "dd4bbd8a0",
    "title": "",
    "text": "tower corporation subsidiaries financial statements 2014 31 long-term debt capital leases five years estimated.\n 2008 $ 1817\n 2009 1241\n 2010 78828\n 2011 13714\n 2012 1894998\n 2292895\n cash obligations $ 4283493\n discount premium 3. 125%.\n december 31 2007 $ 4285284\n.\n acquisitions 2006 2005 293 towers assets structural analysis firm $ 44. million 84 towers 6 antenna systems $ 14. million 30 towers $ 6. million.\n acquisitions mexico brazil.\n 2005 merger spectrasite.\n acquired 7800 towers 100 antenna systems.\n.\n wholly subsidiary.\n. 575 shares common stock.\n issued. million shares reserved. 6. 8 million spectrasite.\noptions warrants assumed merger.\n final allocation $ 3. 1 billion purchase price annual report form 10-k 31 2006.\n acquisitions 2007 2006 2005 accounted purchase method.\n combinations.\n.\n purchase prices allocated assets acquired liabilities assumed estimated fair values acquisition.\n acquired tower assets business assets.\n structure transaction purchase price financial statements.\n assets. allocates purchase price assets liabilities estimated fair values.\n excess purchase price over value recorded as goodwill.\n asset purchase allocates purchase price to property equipment intangible assets.\n records remaining purchase price intangible assets."
}
{
    "_id": "dd4c4e8c8",
    "title": "",
    "text": ".\n current assets december 31:.\n millions 2010\n refundable income tax $ 61. $ 24.\n deferred income taxes 18. 23.\n prepaid technology license maintenance contracts 18. 17.\n contract receivable 11. 27.\n receivables brokers. 8\n prepaid expenses 9. 13.\n prepaid insurance 6. 7.\n cboe rights privilege 2014 39.\n 9. 4\n $ 146. $ 165.\n.\n performance bonds guaranty fund contributions guarantees settlement cme cbot contracts.\n claims.\n single portfolio.\n credit risk.\n reduces exposure risk management program financial standards guaranty fund contributions.\n deposit maintain balances cash.\n government securities bank letters credit investments performance bond guaranty fund requirements.\nobligations non-cash deposits marked market daily.\n rules cbot require minimum financial requirements commodities capital deposits arbitration matters.\n cbot clearing firms cash.\n treasury securities letters credit.\n-market positions twice requires lost.\n positions marked-to once daily frequently.\n default maximum exposure guarantee one half day changes fair value defaulting performance bond guaranty fund balances.\n transferred $ 2. 4 billion settlement.\n reduces guarantee exposure performance bond requirements guaranty fund contributions.\n guarantee liability immaterial recorded liability december 31 2010."
}
{
    "_id": "dd4bd2bd8",
    "title": "",
    "text": "consolidated financial statements 2014 millions sales investments 2013 includes gains losses balances liquidation sales securities investments companies.\n 2009 gain $ 15. 2 investment offset losses sale businesses.\n losses 2007 sale businesses loss $ 9. 3 charges $ 7. 8 balances liquidation.\n vendor discounts credit adjustments settling liabilities vendor discounts credits 2004 annual report.\n reversal liabilities settlements statute limitations lapsed.\n litigation settlement 2008 settlement charge $ 12. 0.\n investment impairments 2007 other-than-temporary charge $ 5. 8 $ 12. 5 investment auction rate securities total investment.\n.\n intangible assets goodwill excess purchase price acquisition liabilities estimated fair values.\n changes carrying value goodwill years december 31 2009 2008.\n\n balance december 31 2007 $ 2789. 7 $ 441. $ 3231.\n acquisitions 99. 5. 101.\n 28. 9 30.\n foreign currency -128. 142\n december 31 2008 $ 2790. $ 430. 9 $ 3220.\n 5.\n 14.\n foreign currency 76. 4. 5 80. 7\n december 31 2009 $ 2885. 6 $. 4 $ 3321.\n goodwill impairment charge.\n acquisitions after january 1 2009 contingent deferred payments recorded fair value acquisition date.\n.\n.\n indefinite.\n lists trade names.\n 7 15 years.\n amortization expense 31 2009 2008 2007 $ 19. 3 $ 14. 4 $ 8. 5.\ntable intangible assets consolidated balance sheets."
}
{
    "_id": "dd4b98f46",
    "title": "",
    "text": "mississippi refinance redeem retire debt stock maturity market conditions interest dividend rates.\n debt stock issuances require regulatory approval. subject issuance tests corporate charter bond indenture agreements. capacity capital needs.\n receivables money pool december 31.\n 2017 2016 2015 2014\n 1633 $ 10595 25930 $ 644\n note 4.\n four credit facilities $ 102. 5 million expire may 2018.\n no borrowings outstanding december 2017. party uncommitted letter of credit facility.\n $ 15. million letter credit outstanding.\n note 4.\n authorizations october 2019 for short-term borrowings not exceed $ 175 million long-term borrowings security issuances.\n 4 borrowing limits.\n.\nfinancial discussion analysis rate regulation fuel-cost recovery entergy mississippi influence financial position results liquidity.\n entergy mississippi regulated rates determined regulatory proceedings.\n mpsc rates.\n 2016 entergy mississippi submitted 2016 filing projected earned return below bandwidth.\n $ 32. 6 million rate increase earned return 9. 96%.\n june 2016 mpsc approved joint stipulation public utilities staff.\n revenue increase $ 23. 7 million.\n $ 19. 4 million increase return common equity 10. 07%.\n $ 4. 3 million ad valorem tax expenses.\n 2016.\n 2017 submitted plan 2017 filing filing earned return 2016 2017 plan bandwidth no change rates.\n june 2017 stipulation"
}
{
    "_id": "dd4bc2044",
    "title": "",
    "text": "schedule future minimum rental payments long-term leases october 30 2010.\n 2011 21871\n 2012 12322\n 2013 9078\n 2014 6381\n 2015 5422\n 30655\n $ 85729\n.\n commitments contingencies business claims charges litigation contractual patents trademarks personal injury environmental product liability insurance coverage employment disputes.\n assurance.\n matters financial position cash flows.\n.\n retirement plans savings retirement plans employees.\n defined contribution plan.\n employees.\n contributions 5% compensation.\n contributes pre-tax contribution 3% compensation.\n expense contribution plan.\n $ 20. 5 million 2010 $ 21. 5 million 2009 $ 22. 6 million 2008.\n defined benefit pension retirement plans non.\n employees.\n total expense.\n $ 11. million 2010.9 million 2009 13. 9 million 2008.\n status september 30 year end.\n.\n funding policy foreign pension plans requirements.\n assets.\n.\n equity securities bonds property cash.\n obligations measured october 30 2010 31.\n.\n financial statements 2014"
}
{
    "_id": "dd4b9af30",
    "title": "",
    "text": "financial instruments company cash equivalents accounts receivable payable approximate short term maturity.\n long term debt approximates value variable interest rates market rates.\n foreign currency forward contracts difference between.\n dollars received 2019 settlement date.\n value current exchange rate.\n 2011 standards board eliminates option report comprehensive income changes stockholders 2019 equity.\n requires present total comprehensive income or statements.\n december 2011 amendment defers requirement income.\n effective financial statements fiscal years interim periods after december 15 2011.\n consolidated financial statements.\n may 2011 accounting standards update clarifies requirements fair value disclosing accounting principles financial reporting standards.\n effective interim annual periods after december 15 2011.\n consolidated financial.\n.\n inventories.\ndecember 31 2011\n finished goods $ 323606 214524\n raw materials\n inventories $ 324409 215355\n.\n 2011 acquired 400. square feet office space headquarters $ 60. million.\n land buildings improvements assets.\n 163. feet leased tenants.\n 9 months 15 years.\n occupy additional space.\n invested $ 2. million improvements.\n $ 38. million loan purchase price cash $ 25. million loan 2011.\n loan fair value.\n"
}
{
    "_id": "dd4bdac8e",
    "title": "",
    "text": "entergy arkansas.\n 2004 increased $ 16. million lower expenses lower income tax rate lower interest charges.\n offset lower revenue.\n decreased $ 9. million lower revenue higher depreciation expenses higher income tax rate.\n offset by lower expenses higher income lower interest charges.\n operating revenues fuel power expenses regulatory credits.\n analysis change net revenue 2004 2003.\n 2003 net revenue $ 998.\n deferred fuel cost revisions.\n.\n 2004 revenue $ 978.\n.\n decreased revenue revised estimate fuel costs reduced net revenue $ 11. million.\n remainder 2002 energy cost recovery true-up increased net revenue.\n operating revenues fuel power expenses increased due increase $ 20.million fuel cost recovery revenues 2004 note 2 2022 $ 15. 5 million grand gulf revenues 2004 increase $ 13. 9 million wholesale revenue increased sales increase $ 9. 5 million increased unbilled sales milder weather 2004."
}
{
    "_id": "dd4c56bb8",
    "title": "",
    "text": ".\n principal transactions gains losses trading activities.\n fixed income equities credit commodities foreign exchange transactions.\n impact net interest revenue profitability.\n note a04 financial statements.\n include credit valuation adjustments funding adjustments over-the-counter derivatives.\n note 24.\n transactions revenue.\n millions 2018 2017 2016\n interest rate risks 5186 5301 4229\n foreign exchange risks 1423\n equity 1346\n commodity\n credit products\n $ 9062 $ 9475 $ 7857\n revenues government corporate debt municipal securities mortgage securities.\n spot forward trading currencies currency options fixed income securities interest rate swaps financial futures contracts.\n revenues foreign exchange spot forward option swap contracts foreign currency gains losses.\nrevenues stock corporate debt equity notes equity options warrants.\n crude oil refined natural gas commodities.\n credit."
}
{
    "_id": "dd4c4b81c",
    "title": "",
    "text": "dominion long-term purchases capacity energy utilities producers.\n december 31 2002 42 non-utility contracts capacity 3758 megawatts.\n table minimum commitments.\n 2003 643\n 2004\n 2005\n 2006\n 2007\n $ 4836 $ 140\n capacity purchases totaled $ 691 million $ million $ 740 million 2002 2001 2000.\n 2001 three facilities seven-term power contracts non.\n after-tax charge $ 136 million.\n cash payments totaled $ 207 million.\n allocation pur- chase price assets liabilities acquired values.\n value power contracts operation maintenance.\n fuel purchase electric generation natural gas.\n estimated payments five years 2003 599 million 2004 311 million 2005 253 million 2006 205 2007 89 million 215 mil lion.\npurchase commitments regulated operations.\n dominion recovers costs rates.\n natural gas services.\n volumes gas market index prices.\n normal purchases sales under sfas.\n 133.\n long-term commitments purchase.\n estimated payments five years 2003 34 million 2004 23 million 2005 13 million.\n no commitments.\n transportation agreements minimum commitments 2003 23 2004 57 million 2005 56 million 2006 53 million 2007 44 million 2007 68 million.\n leases facilities vehicles aircraft equip capital leases.\n future minimum lease payments 2003 94 2004 2005 82 million 2006 67 million 2007 62 million 79 million.\n rental expense $ 84 million $ 75 million $ 107 million 2002 2001 2000.\ndecember 31 2002 dominion agreements with lessors finance lease power generation projects corporate headquarters air- craft.\n lessors financing $ 2. 2 billion $ 1. 6 billion for project costs.\n dominion construction agent responsible for construction by specified date.\n project terminated before completion purchase for 100 percent costs or terminate payment to lessor 89. 9 percent costs.\n completion dominion assets subject operating lease.\n lease payments sufficient return to investors.\n may renew lease costs market conditions purchase at original construction cost sell to third party.\n if sold insufficient payment 81 percent to 85 percent project cost"
}
{
    "_id": "dd4c4b6be",
    "title": "",
    "text": "july 1  2006 $ 1762692000 75% fixed rates. average 19 years remainder floating rates. 2%.\n loan agreements debt covenants long-term debt capital.\n debt covenants.\n debt estimated market prices current rates.\n $ 1669999000 1 2006 $ 1442721000 2 2005.\n letters credit outstanding $ 60000000 $ 76817000.\n.\n obligations capital operating leases distribution facilities vehicles computers.\n rental expense leases $ 100690000 $ 92710000 $ 86842000 2006 2005 2004.\n contingent rentals subleases obligations capital leases not.\n minimum lease payments year non-capitalized long-term leases.\n 56499000\n2007 56499000 2008 46899000 2009 39904000 2010 33329000 2011 25666000 128981000.\n benefit defined benefit contribution retirement plans.\n contributes multi-employer plans provides health care benefits.\n retirement plan benefits retirement years service compensation.\n contribution 401 k matching contributions 50% first 6% compensation.\n contributions $ 21898000 2006 $ 28109000 2005 $ 27390000 2004.\n management incentive plan benefits supplemental executive retirement plan.\n nonqualified unfunded.\n life insurance policies $ 153659000 2006 $ 138931000 july 2 2005.\n not status.\n sysco sole owner beneficiary.\nserp $ 327450000 $ 238599000 july 1 2006 $ 375491000 $ 264010000 july 2 2005.\n company contributions pension plans $ 73764000 $ 220361000 2006 2005 $ 66000000 $ 214000000 voluntary contributions retirement plan.\n contribution maximum tax-deductible.\n 2005 $ 134000000 fourth quarter $ 80000000"
}
{
    "_id": "dd4bf89fa",
    "title": "",
    "text": "table provides minimum annual future rental commitment under leases non-cancelable terms five years:.\n 2019 17\n 2020 15\n 2021 12\n 2022 11\n 2023 6\n company has agreements with public entities joint ventures-private partnerships. constructed utility plant.\n property to partners for equal industrial development bonds.\n leased back total facilities portions funded 40 years.\n leases payments.\n ownership to end lease recorded as capital leases.\n lease obligation receivable principal net basis.\n carrying value of facilities funded was $ 147 million and $ 150 million as of december 31  2018 2017 in property plant equipment on balance sheets.\n future payments under lease obligations equal to offset by payments receivable under idbs.\ndecember 31 2018 minimum annual future rental commitment facilities funded partners non-cancelable lease $ 4 million 2019 through 2023 $ 59 million.\n company 2019s operating segments revenue-generating separate financial information performance.\n operates reportable segment regulated businesses segment.\n market-based businesses water wastewater services.\n regulated businesses segment largest 20 subsidiaries water wastewater services 16 states.\n market-based businesses include homeowner services group military services group.\n keystone water transfer services shale natural gas."
}
{
    "_id": "dd4bf22b2",
    "title": "",
    "text": "hollyfrontier corporation consolidated financial statements.\n 2018 148716\n 2019 132547\n 2020 119639\n 2021 107400\n 2022 102884\n 857454\n $ 1468640\n transportation storage costs $ 140. 5 million $ 135. 1 million $ 137. 7 million years 2017 2016 2015.\n commitments long-term transportation agreements eliminated.\n crude oil supply contract shortfall fee difference.\n august 31 2017 less reduction cost shortfall fee receivable $ 26. million.\n supplier disputing shortfall fee arbitration.\n offset receivable invoices deliveries crude oil august 31 2017.\n disputes claims merit.\n 2006 subsidiary sold assets montana refining.\n reimbursement $ 20. million contractual indemnity environmental.\nrejected claims payment scheduled arbitration july 2018.\n accrued costs owed losses beyond not material.\n revised reportable segments changes.\n tulsa refineries lubricants operations combined petro-canada lubricants acquired 2017 lubricants specialty products.\n information adjusted current.\n operations organized three segments refining lubricants specialty products hep.\n.\n intersegment transactions eliminated consolidated financial statements.\n.\n refining segment el dorado tulsa navajo cheyenne woods cross refineries hfc asphalt.\n activities purchase refining crude oil marketing refined products.\n marketed mid-continent southwest rocky mountain.\n hfc asphalt operates asphalt terminals arizona new mexico."
}
{
    "_id": "dd4b9667e",
    "title": "",
    "text": "royal caribbean cruises.\n 15 two to 17 nights south america caribbean europe.\n majesty of seas redeployed royal caribbean international pullmantur 2016.\n pullmantur serves spanish portuguese latin american cruise mar kets.\n guests cruising options onboard activities couples families.\n increased focus latin america expanded pres.\n 2014 sold interest non-core busi.\n land-based tour operations travel agency 49% interest air business.\n retained 19% interest non-core businesses 100% ownership aircraft leased pullmantur air.\n.\n.\n.\n.\n two ships 2800 berths brand.\n seasonal itineraries mediterranean caribbean.\n zenith deployed pullmantur sailings south america.\n french cruise market.\ntui cruises joint venture owned 50% us tui ag german tourism shipping com german cruise market product for german guests.\n activities services shore excursions.\n operates three ships 1 2 3 capacity 6300 berths.\n three newbuild ships turku yard 7500 berths 4 2015 5 2016 6 2017.\n 2014 partnership with ctrip. international.\n chinese travel service provider skysea cruises.\n custom-tailored product for chinese guests.\n service second quarter 2015.\n ctrip own 35% skysea holding balance by skysea holding management private equity fund.\n industry cruising well-established north american growing european emerging markets.\n market penetration rates low first-time cruisers.\n opportunity for growth increased profitability.\ntable details market penetration rates north america annual cruise guests population america 2.\n 2010 3. 1%. 1 %. 1% 1 %\n. 4%. 4 %. 1% 1 %\n 3. 3%. 3 %. 2%. 2 %\n 3. 4%. 4 %. 2% 2 %\n 3. 5% 3. 5 %. 3%. 3 %\n estimates based monetary fund cruise lines international association.\n cruise guests two consecutive nights.\n united states america canada.\n.\n global cruise fleet served 457000 berths 283 ships end 2014.\n 33 ships 98650 berths expected 2015 2019.\n global industry carried 22. million guests 2014. 2013. 2012.\n"
}
{
    "_id": "dd498f254",
    "title": "",
    "text": "each holder share common stock holds one purchase right.\n right entitles to purchase half junior participating preferred stock $ 0. 01 par value at price $ 135 per share.\n rights not exercisable until acquisition by 15% ( 15 % ) or more common stock or intention tender exchange ownership 15%.\n each holder receive shares common stock market value two times purchase price company acquired in business combination or 50% or more assets sold each holder right receive shares common stock acquiring company market value two times purchase price.\n board directors may cause rights for common stock junior preferred shares at exchange rate one share common stock per right or.\n prior to acquisition 15% ( 15 % or may redeem rights at price $ 0. 01 per right.\nstock reserved future issuance december 31 2003 company reserved shares equity compensation plans.\n collaborations companies drug discovery development commercialization.\n agreements financial support resources research clinical drug candidates product development marketing sales.\n commercialize products.\n provide funding renewal termination options.\n milestone payments.\n development reimbursement royalty rights profit sharing manufacturing options.\n terms vary.\n collaborations large pharmaceutical companies.\n.\n may 2000 pharma discovery development commercialization small molecule drugs kinase protein family.\n novartis up-front payment $ 15000000 $ 200000000 product research funding six.\n common stock option plans 21829\n vertex purchase plan 249\n 401 ( k ) plan 125\n"
}
{
    "_id": "dd4ba523c",
    "title": "",
    "text": "jpmorgan chase. annual report revisions capital accord.\n.\n revised definition capital increasing requirements exposures.\n higher capital ratio 1 common capital requirement increased to 7% ( 7 % ) minimum 4. 5%. plus 2. 5%. capital conservation buffer.\n required by january 1 systemically important banks maintain 1 common requirements above 7% 1% 1 to 2. 5%\n 2012 financial stability board firm three other banks hold additional 2. 5% tier 1 common phased 2016.\n committee gsibs hold additional 1% 1 % ) tier 1 common disincentive importance.\n no gsib required hold additional 1% common.\n act.\n federal banking agencies proposed permanent capital calculations.\n comparison firm tier 1 common estimated rules risk-weighted assets.\n1 common basel iii includes adjustments deductions inclusion aoci afs securities defined benefit pension postretirement employee benefit plans.\n firm estimates tier 1 common ratio 8. 7%. december 31 2012.\n ratio non- gaap measures.\n used bank regulators investors analysts capital position compare financial services companies.\n.\n 1 common $ 140342\n adjustments aoci afs securities defined benefit pension opeb plans\n adjustments\n tier 1 common iii $ 143966\n risk-weighted assets $ 1647903\n. 7%.\n.differences in risk-weighted assets between basel i iii include iii credit risk risk-sensitive approaches credit models i fixed supervisory risk weightings counterparty asset class iii market risk rwa reflects new capital requirements trading assets securitizations correlation trading re-securitization iii includes operational risk.\n impact capital ratios.\n tier 1 common ratio divided by rwa.\n firm estimate reflects understanding rules.\n excludes impact changes iii rules.\n basel iii capital requirements subject to prolonged transition periods.\n for tier 1 common requirement 2013 full implementation january 1 , 2019.\n 2012.\n delay implementation basel iii capital requirements.\n additional capital requirements for phased in january 1 2016 full implementation january 1 , 2019.\nobjective end 2013 estimated tier common ratio 9. 5%.\n information capital ratios federal regulatory capital standards supervision regulation pages 2012 form 10-k note 28 pages 306 annual report.\n.\n subsidiaries.\n morgan securities.\n clearing corp.\n.\n subsidiary provides clearing settlement services.\n subject rule 15c3-1 securities exchange act 1934.\n futures commission merchants rule 1. 17 commodity futures trading commission.\n minimum net capital requirements.\n december 31 2012 net capital $ 13. 5 billion exceeding minimum requirement"
}
{
    "_id": "dd4c2add8",
    "title": "",
    "text": "shipments increased 49% to 217. million units 2006 146. 2005.\n driven by gsm cdma 3g offset decreased iden.\n shipments increased all regions.\n worldwide handset market grew 20% expanded global handset market share 22% 22 %.\n asp decreased 11% 2005.\n driven by changes geographic product-tier mix.\n decreased 10% 2005 increased 15% 2004.\n impacted by product mix market conditions offerings trends vary.\n customers china mobile verizon sprint nextel cingular t-mobile.\n 39% ( 39 % net sales.\n sold third-party distributors retailers 38% ( 38 %.\n largest brightstar corporation.\n.\n 65% 65 2006 net sales outside.\n international markets china brazil united kingdom mexico.\nhome networks mobility segment designs manufactures sells installs services digital video internet protocol network interactive set-tops end-to end video solutions broadband infrastructure data voice equipment cable television telecom providers wireless access systems cellular infrastructure wireless broadband systems providers.\n 2007 2019s net sales 27% ( 27 % consolidated net sales compared 21% 21 % 2006 26% ( 26 % 2005.\n.\n net sales $ 10014 9037 9 % 1% 1 %\n operating earnings\n 2019s net sales increased 9% ( 9 % $ 10. 0 billion $ 9. 2 billion 2006.\n 27% ( 27 % increase home business offset 1% 1 % decrease wireless networks.\nsales digital entertainment devices increased 43% demand offset decline asp.\n shipments increased 51% 51 % 15. 2 million units.\n broadband gateways increased 6% ( 6 % higher sales data modems netopia.\n wireless networks decreased 1% ( 1 % lower sales iden cdma higher gsm.\n 9% ( 9 % ) increase sales higher sales regions.\n increase north america higher digital offset lower iden cdma.\n increase asia higher gsm lower.\n increase emea higher gsm offset lower demand iden cdma.\n north america business 52% ( 52 % sales 2007 56% 56 % 2006.\n 2019s financial condition"
}
{
    "_id": "dd4beeb30",
    "title": "",
    "text": "synopsys.\n financial statements.\n acquisition technology portfolio reach market products fpga solutions prototyping.\n.\n paid $ 8. per share options cash payment $ 223. million.\n assumed employee stock options units awards.\n cash $ 180618\n value stock awards 4169\n acquisition costs\n purchase price 192803\n professional services facilities closure $ 6. 8 million paid october 31 2009.\n.\n. million shares units exchanged ratio. 3392 per share.\n black-scholes valuation model.\n $ 4. million purchase price.\n unvested awards $ 5. million operating expense.\n.\n $ 80. million intangible assets amortized seven years.\n research development expense $ 4. 8 million.\nexcess purchase price assets $ 120. 3 million not amortized.\n cost synergies sales growth expansion products market reach.\n.\n allocated considerations $ 54. 8 million costs $ 1. 4 million assets liabilities goodwill $ 36. 6 million.\n assets $ 14. 3 million amortized nine years.\n-process research development expense $ 3. 2 million."
}
{
    "_id": "dd4bc1f68",
    "title": "",
    "text": "entergy corporation subsidiaries management financial volume/weather variance due increase 1402 gwh 1% electricity usage industrial usage favorable weather.\n industrial sales due expansion chemicals industry new customers offset decreased demand maintenance outages.\n waterford 3 replacement steam generator due regulatory charge $ 32 million 2015 uncertainty.\n note 2.\n miso deferral variance due non-fuel miso-related charges.\n offset operation maintenance expenses.\n.\n louisiana business combination customer credits variance regulatory liability $ 107 million entergy 2015 gulf louisiana business combination.\n electric customers realize credits regulatory liability $ 107 million $ 66 million net-of-tax.\n note 2 financial statements.\n change net revenue 2015 2014.\n.\n revenue $ 2224\n price changes\nyankee shutdown 2014 -305\n nuclear volume\n 2015 net revenue $ 1666\n revenue entergy wholesale commodities decreased $ 558 million 2016 lower energy prices northeast capacity prices 2015 revenue vermont yankee 2014.\n offset higher volume fleet fewer refueling outage days unplanned outage days."
}
{
    "_id": "dd4c4f930",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014.\n impairments net loss sale restructuring merger impairments net loss sale assets 2004 2003 recorded impairments net loss $ 19. 1 million $ 22. 3 million $ 28. 3 million.\n non-core asset impairment charges sold non-core towers recorded impairment charges.\n sold 300 non-core towers.\n recorded net losses $ 16. 8 million $ 17. 7 million $ 19. 1 million 2005 2004 2003.\n construction-in-progress impairment charges $ 2. 3 million $ 4. 6 million $ 9. 2 million construction-in-progress costs sites.\n restructuring expense made cash payments restructuring liability $ 0. 8 million.\ndecember 31 2004 company incurred employee separation costs $ 0. 8 million decreased lease terminations facility closing $ 0. 1 million.\n 2003 incurred employee separation costs reorganization rental management increased accrued restructuring liability $ 2. 3 million.\n charges reflected impairments net loss sale assets restructuring merger expense consolidated statement operations 2004 2003.\n table displays accrued restructuring liability 2003 2004 2005.\n reflected accounts payable accrued expenses balance sheets december 31 2005 liability january 1.\n 2003 2005\n employee separations $ 1639 $ 1919 -1319 2239 823 -2397 665 -448\nlease terminations facility closing costs 1993 347 -890 1450 -131 -888 431 -325 325 118\n $ 3632 $ 2266 3689 692 -3285 1096 -773 419\n no changes estimates restructuring liability 2005.\n pay balance separation liabilities 2006.\n lease terminations.\n merger expense assumed obligations merger spectrasite. employee separation costs"
}
{
    "_id": "dd4b9dd0c",
    "title": "",
    "text": "mobility sales declined $ 535 million c-130j deliveries 12 2006 15 2005 lower volume c-5.\n combat aircraft sales increased $ 292 million higher f-35 f-22 volume reduced volume f-16.\n increased $ 83 million higher volume sustainment services.\n profit increased 21% % 2007.\n.\n increased $ 326 million improved performance f-22 f-16.\n declined 77 million lower profit sustainment.\n increased 20% % 2006.\n.\n $ 114 million higher volume f-35 f-22 improved performance f-16.\n f-35.\n mobility profit increased $ 84 million improved performance c-130j.\n backlog decreased 2007 sales volume f-35.\n offset increased orders f-22 c-130j.\n results.\n sales\n profit sales increased 6% 6 % 2007.\nmissiles control maritime sensors training.\n 258 million volume fire control air defense tactical.\n ms2 sales 254 million undersea radar.\n pt&e increased 113 million volume platform integration.\n sales electronic systems increased 7% 7 2006.\n higher volume platform integration $ 329 million.\n ms2 sales increased 267 million.\n air defense $ 118 million.\n operating profit increased 12% 2007.\n profit increased 70 million higher volume improved performance platform integration.\n ms2 increased 32 million volume undersea tactical.\n increased 32 million volume fire control.\n profit increased 17%.\n profit increased $ 74 million ms2 higher volume surface undersea.\n pt&e profit increased 61 million improved distribution.\n higher volume air defense $ 52 million.\n backlog increased orders tactical missile fire control systems."
}
{
    "_id": "dd496ebc6",
    "title": "",
    "text": "entergy corporation subsidiaries pollution environmental secured mortgage bonds.\n implicit interest 4. 8%.\n nuclear waste policy act 1982 subsidiaries contracts spent nuclear fuel disposal.\n one-time fee april 7 1983.\n arkansas electric power nuclear fuel one fee accrued interest note 10 waterford 3 grand gulf lease obligations.\n lease obligations $ 149 million louisiana $ 97 million energy long-term doe obligations $ 181 million arkansas note payable nypa $ 95 million debt due one year.\n fair values level 2 hierarchy based benchmark yields.\n long-term debt maturities december 31 2013 five years.\n 385373\n entergy purchased fitzpatrick indian point 3 power plants.\nentergy issued notes nypa seven installments $ 108 million year eight installments $ 20 million eight years.\n notes implicit interest rate 4. 8%.\n purchase indian point 2 2001 liable nypa additional $ 10 million year 10 years september 2003.\n liability recorded 2001.\n july 2003 payment $ 102 million maturity note nypa.\n utility companies entergy post collateral.\n gulf states louisiana mississippi texas long-term financing ferc october 2015.\n arkansas apsc december 2015.\n new orleans city council july 2014.\n supply system energy capital maintain equity capital 35% total capitalization"
}
{
    "_id": "dd4bc1b94",
    "title": "",
    "text": "green realty corp.\n 2017 annual report provides employees purchase common stock price equal 85% market value first day last day period.\n espp approved stockholders 2008 annual meeting.\n december 2017 104597 common stock issued.\n available for issuance subject adjustment merger reorganization stock split corporate change.\n company filed registration statement form a0s-8 sec.\n common stock offered purchase offering periods.\n each three months first day each quarter first period commenced january 2008.\n.\n tables changes income december 2017 2016 2015 share net joint venture gain instruments.\n joint venture\n balance at december 31 2014 $ -9498 ( $ -95 ( $ -6980 (\nloss before reclassifications -11143 -1714 -610 -13467\n income 10481 1217 2014 11698\n balance december 31 2015 -10160 -592 2003 -8749\n 13534  1160 3517 18211\n reclassified 9222  3453 2014 12675\n balance december 31 2016 12596 4021 5520 22137\n income before reclassifications 233 -1348 -2733\n reclassified 1564  766 -3130 -800 (\n balance december 31 2017 $ 12542 $ 5020 $ 1042 $ 18604\n reclassified interest expense.\n deferred net losses hedges $ 3. 2 $ 7. 1.\n reclassified equity income unconsolidated joint ventures.\n.\n disclose financial instruments.\nfasb guidance defines fair value as price sell asset transfer liability in transaction between market participants measurement date.\n measure disclose estimated fair value of financial assets liabilities based hierarchy between market participant assumptions assumptions.\n hierarchy three levels : level a01 2014 quoted prices in active markets for identical assets liabilities a02 2014 inputs a03 2014 unobservable inputs when little market data available.\n follow hierarchy for assets liabilities measured recurring nonrecurring.\n based on lowest level input significant.\n assessment requires judgment considers factors."
}
{
    "_id": "dd4c453ae",
    "title": "",
    "text": "debt interest lease property equipment data processing maintenance.\n note 13 financial.\n table summarizes obligations december 31 2012 1-3 3-5 5.\n 3-5\n long-term debt $ 4385. $ 153. $ 757. $ 2274. $ 1200.\n 1137. 200. 372. 288. 275.\n operating leases 226. 55. 29.\n data processing maintenance 246. 131. 78.\n contractual obligations 100. 18. 52.\n $ 6097. $ 559. $ 1357. 2648. $ 1531.\n margins constant variable rate debt priced one libor rate december 31 2012 no new hedging transactions mandatory debt repayments no refinancing maturity.\namount includes labor claims processing operations brazil 3 brazilian venture partner.\n believes cash balances borrowing programs provide liquidity capital liquidity long needs capital spending future satisfaction obligations commitments.\n arrangements.\n.\n exposed risks interest rates foreign currency rates.\n use derivative instruments interest rate swaps contracts manage risk.\n trading income speculative activity.\n fixed variable rate debt operations.\n exposed interest rate risk obligations swaps.\n notes represent fixed-rate long-term debt obligations.\n carrying value $ 1950. 0 million 31 2012.\n fair value $ 2138. 2 million.\n potential reduction fair value 10 percent increase market interest rates material fair value.\n obligations relate borrowings fis credit agreement.\n increase 100 points libor rate annual debt service by $ 9.3 million principal amounts december 31 2012.\n performed sensitivity analysis floating rate debt less subject interest rate swap fixed rate.\n"
}
{
    "_id": "dd4980dd0",
    "title": "",
    "text": "december 31 2012 future commitments leases purchase obligations.\n millions 2013 2014 2015 2016 2017\n lease obligations $ 198 $ 136 $ 106 $ 70 50 141\n purchase obligations 3213 828 722 620 808 2654\n $ 3411 $ 964 $ $ $ 858 $ 2795\n $ 3. 6 billion fiber supply agreements 2006 forestland sales 2008 acquis weyerhaeuser containerboard.\n rent expense $ 231 million $ 205 million $ 210 million 2012 2011 2010.\n warranties indemnify buyers tax environmental liabilities breaches warranties.\n recorded cost transaction.\n responsible remediation laws.\n cleanup hazardous substances commercial landfills.\njoint liability authorized under cercla state laws cleanups allocated among parties.\n remedial costs recorded in financial statements.\n international paper liability $ 92 million at december 31 2012.\n closed wood treating facility cass lake minneso ta.\n international paper submitted remediation feasi study.\n 2011 proposed soil remedy estimated cost $ 46 million.\n remediation reserve $ 48 mil.\n october 2011 epa final remedy deci delayed.\n expensive remediation costs could higher than.\n october 2012 natural resource trustees resource damage assessment.\n premature to predict estimate loss.\n remediation costs hazardous substances facilities totaled approximately $ 46 million at december 31 2012.\n remedial actions not effect on consolidated financial statements.\ncompany potentially responsible allied paper. kalamazoo river superfund site michigan.\n epa asserts contaminated by pcbs discharges paper mills including.\n regis.\n successor.\n regis.\n international paper received orders epa collecting information liability.\n pre- mature estimate loss.\n company defendant georgia-pacific consumer products fort james corporation georgia pacific llc cost recovery action pollution.\n suit seeks contribution $ 79 million costs expended plaintiffs future remediation costs.\n mill.\n discharged pcb contaminated solids paper residuals.\n defendants ncr corporation weyerhaeuser company.\n"
}
{
    "_id": "dd4c0d3e6",
    "title": "",
    "text": "failure with financial covenants under credit facilities adverse events defaults accelerate maturity indebtedness.\n financial assurances.\n maturity acceleration default under debt instruments senior notes subject to acceleration maturity.\n sufficient liquidity repay indebtedness.\n seek amendment for or repay debt with proceeds new debt equity asset sales.\n amend facilities raise capital repay obligations maturities accelerated.\n required to governmental agencies entities under environmental regulations landfill operations costs collection landfill transfer station contracts.\n surety bonds letters of credit insurance policies trust deposits.\n assurance for determined by state environmental regulations.\n with.\n states require third-party engineering specialist to determine estimated costs financial assurance.\n differ from obligation.\n.\nfinancial assurance requirements contract performance varies by contract.\n provide insurance program collateral performance obligations.\n increase assurance requirements 2010 instruments may change.\n issued not debt.\n not reflected in consolidated balance sheets.\n record capping closure post-closure self-insurance liabilities.\n obligations recorded if.\n.\n no debt obligations instruments leases.\n guarantee third-party debt.\n free cash flow.\n operating activities purchases property equipment proceeds from sales.\n cash flow years 31 2009 2008 2007 calculated millions.\n activities $ 1396. 5 $ 512. 2 $ 661. 3\n purchases property -826. -386. -292. 292\n proceeds from sales property 31. 8. 2 6.\n free cash flow $ 602. $ 133.5."
}
{
    "_id": "dd4ba83ec",
    "title": "",
    "text": "capital resources december 31 2006 principal sources included cash equivalents sale of receivables revolving credit facilities commercial paper financing capital markets.\n $ 2 billion credit facilities no borrowings outstanding short-term borrowings.\n outstanding interest sale of receivables program $ 600 million.\n subject requirements investment grade bond rating.\n liquidity.\n access commercial paper market conditions.\n deterioration operating results financial condition.\n financial stability.\n 2005 working capital deficit $ 1. billion.\n common lack liquidity.\n adequate resources daily cash requirements sufficient financial capacity current liabilities.\n cash flows.\n operating activities $ 2880 $ 2595 $ 2257\n investing activities\n financing activities -784 -752\n net change cash equivalents $ 54 $ -204 $ 450\nactivities higher income 2006 offset income tax $ 150 million voluntary pension contributions higher material inventories higher management incentive payments.\n higher income lower management 2005 bonuses not cash.\n voluntary pension contribution $ 100 million 2004 variance no pension contribution.\n offset cash 2004 tax refunds.\n insurance settlement lower balances decreased 2006.\n higher capital investments lower proceeds asset sales.\n increased capital spending higher proceeds sales increased cash 2005.\n lower net proceeds equity compensation plans $ 189 million 2006 $ 262 million.\n increase debt issuances higher debt repayments.\n repaid $ 699 million.\n higher outflows offset higher net proceeds equity compensation plans $ 262 million."
}
{
    "_id": "dd4be4248",
    "title": "",
    "text": "page 74 five year summary increased earnings before $ 173 million $ 113 million after tax $ 0. 25 per share.\n decreased earnings $ 215 million $ 154 million after tax $ 0. 34 per share.\n reduction income tax expense closure internal revenue service $ 144 million $ 0. 32 per share.\n reduced earnings $ 10 million after tax $ 0. 02 per share.\n items not decreased earnings $ 153 million $ 102 million after tax $ 0. 22 per share.\n decreased earnings before taxes $ 1112 million $ 632 million after tax $ 1. 40 per share.\n 2002 corporation adopted fas 142 prohibits amortization goodwill.\neffects senior management assessment performance decreased earnings before taxes $ 973 million $ 651 million after tax $ 1. 50 per share.\n gain disposal exit global telecommunications services business increased net loss $ 1 billion ( $ 2. 38 per share.\n defines return on invested capital net income plus after-tax interest expense divided by average invested capital debt minimum pension liability.\n revision calculation 2005 management performance.\n reporting roic provides visibility lockheed capital.\n uses investment decisions long-term performance measure management performance incentive compensation plans.\n not measure financial performance.\n not alternative net earnings.\n calculations reflect revision periods.\n 2004 2003 2001.\n net earnings $ 1825 $ 1266 $ 1053 $ 500\ninterest expense 65% 241  276 317 378 455\n $ 2066 $ 1542 $ 1370 $ 878 $ -591\n $ 5077 $ 5932 $ 6612 $ 7491 8782\n 7590 7015 6170 6853 7221\n pension 1545 1296 1504 341\n invested capital $ 14212 $ 14243 $ 14286 $ 14685 16009\n return invested capital. 5%. 8%. 6%.\n after-tax interest expense federal statutory rate 35%.\n long-term short-term borrowings.\n equity non-cash adjustments losses minimum pension liability.\n cumulative. adjustments 2001 $ 33 million 2002 1537 2003 331 million 2004 2005 105.\n cumulative prior entries 20% entry value.\n yearly averages calculated balances.\n"
}
{
    "_id": "dd4bbd4e0",
    "title": "",
    "text": "compares state street common stock s&p 500 s&p financial index five-year.\n $ 100 state street stock index 2007 reinvestment dividends.\n s&p index 80 companies 26 financial services 22 insurance 17 real estate 15 banking.\n five-year return.\n 2007 2012\n state street corporation $ 100 $ 49 55 58 52 61\n s&p 500 index 63 80 92 94\n s&p financial index 45 52 59"
}
{
    "_id": "dd4b974d4",
    "title": "",
    "text": "ii item 5.\n market common equity issuer purchases table presents quarterly high low share sale prices common stock 2015.\n march 31 $ 101. 88 $ 93. 21\n june 30 98. 64.\n september 30. 54 86\n december 31 104.\n 2014\n march 31 $ 84. 90 $ 78. 38\n june 30 90. 73.\n september 30. 89\n december 31 106.\n february 19 2016 closing price common stock $ 87. 32 per share.\n 423897556 outstanding shares 159 registered holders.\n annually distribute stockholders 90% reit taxable income.\n distributed income.\n two series preferred stock. issued may 2014 dividend rate. 25%. 50%. b march 2015 dividend rate 5. 50%.50 %.\n dividends payable quarterly subject declaration board directors.\n amount timing frequency future distributions dependent factors financial condition cash flows taxation income excise taxes limitations distributions debt equity instruments nols cash.\n distributed approximately $ 2. 3 billion common stockholders including dividend january 2016 subject taxation ordinary income.\n year december 31 2015 declared cash distributions"
}
{
    "_id": "dd4b96bce",
    "title": "",
    "text": "reinvested foreign operations.\n undistributed earnings subsidiaries remitted additional tax offset foreign tax credits.\n practical determine additional tax remitting earnings.\n 2007 settlement united states department justice financial relationships orthopaedic manufacturers surgeons.\n paid settlement $ 169. 5 million recorded expense.\n no tax benefit settlement uncertainty tax treatment.\n 2008 agreement.\n revenue service deductibility settlement payment.\n recorded tax benefit $ 31. 7 million.\n 2006 financial board issued interpretation.\n uncertainty income taxes.\n.\n tax benefits financial statements.\n tax benefit uncertain tax position sustained.\n measured largest benefit fifty percent likelihood.\n derecognition classification interest penalties income taxes increased disclosures.\n adopted fin 48 january 1 2007.\nadoption fin 48 long term tax liability federal state foreign $ 102. 1 million accrued interest liability $ 1. 7 million.\n present components gross.\n $ 6. million january 1 2007.\n earnings $ 4. million reduction goodwill $ 61. 4 million tax receivable $ 58. 2 million increase interest/penalty payable $ 7. million 1.\n after adoption fin 48 unrecognized tax benefits $ 95. 7 million january 1 2007.\n december 31 2008 $ 129. 5 million.\n $ 45. 5 million effective tax rate recognized.\n $ 38. 2 million.\n income tax expense reversal.\n tabular reconciliation unrecognized tax benefits.\n balance january 1 $ 135. $ 95.\n increases prior periods.27. 4\n decreases prior periods -32. -5. 5.\n increases current period 15. 21. 9\n decreases settlements taxing authorities -1. 3.\n decreases limitations. 3. -3.\n balance december 31 $ 129. $ 135.\n accrued interest penalties unrecognized tax benefits consolidated statements earnings.\n 31 2007 liability $ 19. 6 million penalties $ 14. 7 million effective tax rate.\n liability $ 22. million december 31 2008.\n $ 17. 1 million tax rate.\n liability twelve months operations financial position.\n.\n statute limitations open 2003.\n.\n returns 2004 examination.\n.\n protest conference appeals office.\n resolution financial cash flows.\n 1999 tax year centerpulse acquired 2003 issue dispute.\nstate income tax returns subject examination 3 to 5 years after filing.\n state impact federal changes subject examination one year after notification.\n state income tax returns examination administrative appeals litigation.\n.\n 2 0 8 consolidated financial statements c48761 057000000|02/24/2009 06:10 valid color"
}
{
    "_id": "dd4b979de",
    "title": "",
    "text": "2005 plan stockholders approved.\n issuance options plan ceased.\n acquisition solexa assumed stock options 2005 solexa equity incentive plan.\n december 30 2007 13485619 shares common stock reserved.\n annual increase 5% last fiscal year board.\n december 30 2007 options purchase 1834384 shares future.\n stock option activity january 2 2005 december 30 2007 weighted average price.\n january 2 2005 6205020 $ 6. 99\n granted 2992300 $ 10.\n exercised -869925 4. 66\n cancelled $ 11.\n january 1 2006 7325431 $ 7. 96\n granted 27. 24\n exercised 7. 28\n cancelled 12. 44\n december 31 2006 8359120 13. 94\n options assumed 1424332 $ 21.\n granted 3784508 40.\n exercised 12.\n cancelled 22.\n 30 2007 10423934 24.\n.\n statements 2014"
}
{
    "_id": "dd4bcdf70",
    "title": "",
    "text": "2015 ppg annual report form 10-k notes consolidated financial statements.\n accounting policies principles consolidation financial statements include accounts ppg industries.\n subsidiaries.\n.\n ppg owns 50% voting stock subsidiaries.\n subsidiaries ownership less 100% outside shareholders noncontrolling interests.\n investments ppg owns 20% to 50% 50 voting stock operating financial policies equity method accounting.\n ppg share earnings losses equity affiliates included statement income shareholders equity.\n transactions ppg subsidiaries eliminated.\n estimates financial statements.\n estimates assumptions assets liabilities income expenses.\n include fair value assets acquired liabilities assumed purchase price.\n outcomes differ.\n revenue recognition revenue earnings process complete.\nrevenue sales recognized segments goods shipped risk loss customer services rendered.\n shipping handling costs reported in sales.\n shipping handling costs included in depreciation amortization.\n selling administrative costs selling customer service distribution advertising costs support finance law human resources planning.\n distribution costs storage finished goods owned leased warehouses terminals distribution facilities.\n advertising costs expensed as incurred totaled $ 324 million $ 297 million $ 235 million in 2015 2014 2013.\n research development employee related as incurred.\n $ 505 $ $ 479\n less depreciation facilities\n $ 486 $\n legal costs acquisition divestiture litigation environmental regulation patent trademark protection.\n.\n operations local.\n assets liabilities translated into.\nyear-end exchange rates income expenses translated average exchange rates.\n unrealized foreign currency adjustments deferred loss 2019 equity.\n cash equivalents liquid valued cost fair maturity three months less.\n short-term investments high credit accrued interest maturities three months one year.\n purchases sales investing.\n marketable equity securities investment recorded fair market value assets balance sheet changes fair market value."
}
{
    "_id": "dd4c002fe",
    "title": "",
    "text": "expenditures acquisitions leased funded by original contributor no ownership.\n ashland net gain net loss.\n revenues increased $ 8. 718 billion 2003 $ 367 million.\n increases higher natural gas liquid hydrocarbon costs.\n&t acquisition costs crude oil refined products manufacturing expenses.\n administrative expenses increased $ 107 million 2003 $ 125 million.\n employee benefits pension expense returns costs.\n health care cost. higher retiree health care costs.\n $ 24 million organizational business process changes.\n increase 2002 employee costs.\n inventory market valuation reserve cost inventories market value.\n 2002 results credits income $ 71 million reversing reserve.\n.\n financial costs decreased $ 82 million 2003 increase $ 96 million 2002.\ndecrease 2003 due capitalized interest construction projects interest rate swaps tax deficiencies investments.\n increase 2002 due higher debt acquisitions separation.\n foreign currency gains $ 13 million $ 8 million 2003 losses $ 5 million 2001.\n loss early extinguishment debt 2002 retirement $ million debt loss $ 53 million.\n financial accounting standards.\n.\n amendment.\n technical corrections.\n loss early extinguishment debt million reclassified income before taxes.\n.\n income.\n 38 percent ownership increased $ 129 million 2003 decrease $ 531 million.\n.\n.\n income taxes increased $ 215 million 2003 $ 458 million due $ 720 million increase $ 1. 356 billion decrease income before taxes.\n effective tax rate 2003 36. 6%. 2002.\nhigher rate 2002 due united kingdom supplementary 10 percent tax north sea oil gas production effective april 17 2002.\n marathon recognized one-time noncash deferred tax adjustment $ 61 million rate increase.\n analysis effective tax rate.\n 2003 2002 2001\n statutory tax rate 35.\n foreign operations.\n state local income taxes federal tax.\n.\n 36. 6%. 6 % 42. 1% 37\n deferred tax effect supplemental tax.\n increased effective tax rate 7. percent 2002."
}
{
    "_id": "dd4baa73c",
    "title": "",
    "text": ".\n leases locomotives freight cars property.\n 2017 2016 $ 1635 million $ 953 million depreciation $ 1997 million $ 1121 million.\n charge income depreciation depreciation.\n future minimum lease payments leases non 2017 capital.\n 2018 $ 398 173\n 2019\n 2020\n 2021\n 2022\n minimum lease payments $ 2649 $ 1079\n interest\n payments $ 892\n 97% 97 % capital lease payments locomotives.\n rent expense leases one month $ 480 million 2017 $ 535 million 2016 $ 590 million 2015.\n variable rental expense term.\n contingent rentals sub-rentals not significant.\n.\n lawsuits subsidiaries.\n effect results operations financial condition liquidity.\n recorded liability asserted unasserted probable reasonably estimated.\n lawsuits claims environmental costs commitments contingent liabilities guarantees results financial condition liquidity.\n cost incidents.\n actuarial analysis expense liability unasserted.\n federal employers 2019 liability act compensation work-related accidents.\n damages assessed fault litigation-court settlements.\n services rehabilitation programs employees injured.\n personal injury liability not discounted uncertainty timing future payments.\n 95% liability asserted 5% unasserted claims december 31 2017.\n uncertainty future costs $ 285 million to $ 310 million.\n record low end range loss probable.\n estimates vary."
}
{
    "_id": "dd4bf589a",
    "title": "",
    "text": "consolidated financial statements investments in funds net asset value per share.\n firm uses nav fair value when determinable fair value with accounting.\n firm 2019s investments in firm-sponsored funds investors.\n private equity credit real estate funds closed-end not eligible for redemption.\n distributions received underlying assets liquidated estimated assets liquidated next seven years.\n funds transition volcker rule.\n act.\n investments in hedge funds redeemable quarterly 91 days notice maximum redemption level 25% initial investments.\n plans rule redeeming interests in hedge funds.\n redeemed approximately $ 1. 06 billion year december 2012.\n table presents fair value of investments in commitments funds nav.\nmillions december 2012 unfunded commitments\n private equity $ 7680 $ 2778 8074 3514\n credit 3927 2843 3596\n hedge 2167 3165\n real estatefunds4 870\n $ 15780 $ 6491 16366 8695\n.\n industries leveraged buyouts recapitalizations growth investments.\n.\n loans income high-yield capital-sized leveraged recapitalizations financings refinancings acquisitions restructurings private equity issuers.\n.\n multi-disciplinary hedge investment arbitrage.\n.\n real estate loan portfolios debt recapitalizations property.\n sachs 2012 annual report"
}
{
    "_id": "dd4ba850e",
    "title": "",
    "text": "35% 35 % ) due to undistributed foreign earnings no.\n taxes reinvested outside.\n september 29 2012 company had deferred tax assets $ 4. 0 billion liabilities $ 14. 9 billion.\n management believes forecasted income future reversals recover deferred tax assets.\n realizability valuation allowance.\n internal revenue service audit federal income tax returns 2004 2006 proposed adjustments.\n contested adjustments.\n examining 2007 through 2009.\n audit issues 2004 resolved.\n subject to audits by state local foreign tax authorities.\n provisions made for adjustments tax.\n outcome tax audits.\n could adjust income taxes.\n table presents financial information statistics years september 29  2012 24 2011 25  2010 millions.\nequivalents securities $ 121251 81570 51011\n receivable $ 10930 $ 5369 5510\n inventories $ $ 776 1051\n working capital $ 19111 $ 17018 $ 20956\n cash flow $ 50856 37529 18595\n 2012 $ 121. 3 billion cash equivalents securities increase $ 39. billion 49% 2011.\n $ 50. billion property $ 8. 3 billion intangible assets $ 1. billion dividends $ 2. 5 billion.\n portfolio highly-rated securities credit exposure.\n loss.\n 2011 $ 82. 6 billion $ 54. 3 billion foreign subsidiaries.\n dollar-denominated holdings.\n.\n taxation.\n balances working capital purchases commitments repurchases dividends liquidity requirements 12 months.\n expenditures $ 10.3 billion 2012 865 million 9. 5 billion manufacturing"
}
{
    "_id": "dd4be05ee",
    "title": "",
    "text": "corporation america financial statements 31 2005.\n shareholders proceeds $ 20. 69 per share.\n sell shares proceeds secondary offering.\n december 21 2005 common stock repurchase agreement pca holdings.\n purchased 4500000 shares $ 20. 69 per share.\n shares retired december 21 2005.\n.\n capital expenditures $ 33. million $ 55. 2 million december 31 2005 2004 expansion replacement facilities.\n 108000 acres timberland long-term leases.\n leases equipment vehicles assets long-term leases three years.\n minimum lease payments.\n 24569 2007 21086\n 2008\n 2009 2010\n capital lease obligations not significant financial statements.\nlease expense rent executory costs insurance taxes maintenance 2003 $ 35. $ 33. $ 31. million.\n goods administrative expenses."
}
{
    "_id": "dd4b9698a",
    "title": "",
    "text": "activities reserve additions e&p osm 389 mmboe 226 percent replacement increased liquid hydrocarbon synthetic crude oil reserves 316 mmbbls replacement 268 percent 95 percent operational availability e&p increased e&p sales 8 percent eagle ford shale 65 mboed fourfold increase bakken shale 29 71 percent increase resumed sales libya pre-conflict production levels international liquid hydrocarbon sales 62 percent e&p $ 1 billion acquisitions eagle ford shale vilje field exploration. gabon kenya ethiopia issued 1 billion 3-year notes 0. 9 percent $ 1 billion 10-year 2. 8 percent alaska assets neptune gas plant 38 percent higher higher liquid hydrocarbon sales e&p lower earnings osm.\n 7 percent decrease.\n. higher libya.\n excess foreign tax credit.\nincome tax rate 74 percent 2012 61 percent 2011.\n revenues.\n millions\n $ 14084 13029\n revenues 15636 14710\n intersegment\n unrealized gain crude oil derivative instruments\n revenues $ 15688 14663\n e&p revenues increased $ 1055 million 2011 2012 higher liquid hydrocarbon sales.\n net gain crude oil instruments $ 15 million 2012 impact not significant 2011.\n.\n.\n supply optimization activities purchase commodities.\n costs.\n transportation commitments flexibility"
}
{
    "_id": "dd4ba940e",
    "title": "",
    "text": "regulatory credit federal corporate income tax rate vidalia power agreement liability $ 30. 5 million louisiana act 55 financing savings obligation liabilities $ 25 million tax cuts jobs act corporate income tax rate 35% to 21% 21 %.\n.\n grand gulf recovery operating costs.\n louisiana act 55 financing savings obligation regulatory charge 2016 tax savings.\n savings 2010-2011 audit settlement louisiana act 55 costs hurricane gustav.\n.\n volume/weather variance less favorable weather residential commercial sales industrial usage.\n new customers primary metals expansion projects chlor-alkali industry.\n net revenue 2017 2016.\n.\n revenue $ 1542\n $ 1469\nnet revenue entergy wholesale commodities decreased $ 73 million 2017 revenue fitzpatrick plant exelon lower volume more outage days.\n offset increase reimbursement agreement exelon costs refueling operation fitzpatrick decrease nuclear fuel expenses impairments indian point 2 3 palisades plants.\n revenues from exelon offset operation maintenance expenses taxes no effect net income.\n note 14 financial statements sale fitzpatrick reimbursement agreement exelon impairments.\n"
}
{
    "_id": "dd4b9c66e",
    "title": "",
    "text": "december 31 holdings nasdaq index s&p 500.\n holdings. nasdaqcomposite s&p 500index\n 2012 100.\n 2013 187. 141. 132. 163.\n 2014 183. 162. 150. 158.\n 205. 173. 152. 224.\n 236. 31 187. 170. 235.\n 280. 242. 29 208. 338.\n unregistered securities october 1 2017 december 31 issued 103343 shares common stock conversion $ 196. 1 million. convertible notes due 2018.\n conversions paid cash conversion premium cash shares common stock.\n premium.\n not registered securities act 1933 3."
}
{
    "_id": "dd4b893de",
    "title": "",
    "text": "maintain universal shelf registration public offering sale debt capital common stock depositary preferred stock warrants.\n issued may securities registration.\n issuance future market conditions funding needs factors.\n information notes 9 12.\n maintain corporate commercial paper program $ 3 billion maturities 270 days.\n december 31 2011 $ 2. 38 billion paper outstanding $ 2. 80 billion 2010.\n note 8.\n state street bank issue bank notes $ 5 billion $ 1 billion subordinated notes.\n $ 2. 05 billion december 31  2011.\n $ 2. 45 billion senior notes.\n maintains line of credit $ 800 million canadian securities processing operations.\n termination cancelable prior notice.\n no balance outstanding.\n.\ndecember 31 2011 millions payments less than 1 year 1-3 years 4-5 years 5 years\n long-term debt $ 9276 $ 1973 $ 1169 $ 1944 $ 4190\n operating leases 1129 237 389 228 275\n capital lease obligations 989 68 136 647\n cash obligations $ 11394 $ 2278 $ 1694 $ 2310 $ 5112\n debt excludes capital lease obligations interest-rate swaps.\n payments rate floating-rate debt indexed rate 31 2011.\n obligations statement except interest long-term debt capital lease.\n obligations settled cash less than one year deposits federal funds securities short-term borrowings.\n notes 7 8.\n obligations derivative instruments.\n contracts note 16.\n obligations pension post-retirement benefit plans note 18 not table.\n information cash obligations long-term debt capital leases notes 9 19.\n cash flows liquidity information."
}
{
    "_id": "dd4ba4e36",
    "title": "",
    "text": "net change valuation allowance years december 31 2018 2017 $ 12 million $ 26 million.\n deferred income tax assets liabilities recorded balance sheet.\n decrease tax assets.\n federal alternative minimum tax credits.\n deferred tax liabilities increased tax deferral transfer north american consumer packaging business subsidiary packaging.\n $ 1. 5 billion deferred tax liabilities $ 884 million 2006 international paper installment sale $ 538 million 2007 temple-inland installment sale.\n reconciliation unrecognized tax benefits years december 31 2018 2017 2016.\n millions\n balance at january 1 $ -188 $ -98\n reductions tax positions year\n prior years\n reductions\n settlements\n expiration statutes\n currency translation adjustment\ndecember 31 $ -220 $ -188 $ -98\n unrecognized tax benefits balances 31 2018 2017 2016 benefit tax rate.\n accrues interest tax benefits.\n penalties expense.\n $ 21 million $ 17 million accrued interest penalties benefits 31 2018 2017.\n major jurisdictions united states brazil france poland russia.\n tax years 2006 2017 open.\n faces challenges taxes.\n allocation.\n audit settlements expiration statute limitations reduce tax positions $ 30 million.\n brazilian federal revenue service deductibility goodwill amortization 2007 acquisition international paper brasil.\n assessments 2007-2015 $ 150 million tax $ 380 million interest penalties december 31 2018.\n unfavorable decision 2018.\n appeal 2019.\ncompany believes evaluated transaction concluded brazilian tax law tax position.\n defend 2015.\n flow-through method investment tax credits open-loop biomass facilities heat power expenditures.\n credits recognized income tax expense.\n recorded tax benefit $ 6 million 2018 $ 68 million 2017 2013-2017."
}
{
    "_id": "dd497587c",
    "title": "",
    "text": "debt issuances 2014 millions interest rate euro 20ac750 $ 1029. 875%. 875 % march 2014 2021 20ac1000 $ 1372 2. 875%. 875 % 2026 20ac500 $. 875%. % may 2029 swiss franc chf275 $ 311 ). 750%. 750 % 2019 chf250 $ 283 ). 625%. 625 % 2024.\n $ 500. 250%. 250 % november 2014.\n $ 750 3. 250%. 250 % 2024.\n $ 750. 250%. 250 % 2044 interest payable annually march 2015.\n may 2015.\n 2014.\n may 2015.\n.\n equivalents foreign currency exchange rates.\n proceeds sale securities corporate purposes.\n-average time maturity long-term debt 10. years 2013 2014.\n no.\n contingently liable $ 1.billion guarantees related excise taxes shipment products.\n no liability consolidated financial statements.\n december 31 2014 third-party guarantees insignificant.\n 20ac750 $ 1029 1. 875%. 875 % march 2014 2021\n 20ac1000 $ 1372 2. 875%. 875 % 2014\n 20ac500 $ 697 2. 875%. 875 % may 2014\n chf275 $ 311 ). 750%. 750 % 2019\n $ 283 1. 625%. 625 % 2014 2024\n. 1. 250%. 250 % 2014\n. 3. 250%. 250 % 2014 2024\n. 4. 250%. 250 % 2044\n debt issuances 2014 interest rate 20ac750 $ 1029 1. 875%.march 2014 2021 euro 20ac1000 $ 1372. 875%. 875 % 2026 20ac500 $. 875%. 875 % may 2014 2029 swiss franc chf275 $ 311. 750%. 750 % 2019 chf250 $ 283. 625%. 625 % may 2014 2024.\n $ 500. 250%. 250 % november 2014.\n $ 750. 250%. 250 % november 2014 2024.\n $ 750 4. 250%. 250 % 2044 payable annually march 2015.\n 2015.\n 2014.\n may 2015.\n.\n equivalents foreign currency calculated exchange rates issuance.\n net proceeds sale corporate purposes.\n time maturity long-term debt 10. years 2013 2014.\n.\n liable $ 1. 0 billion guarantees excise taxes.\n no liability financial statements.\nthird-party guarantees."
}
{
    "_id": "dd4b92f10",
    "title": "",
    "text": "entergy arkansas.\n decreased $ 92. million due higher operation maintenance expenses depreciation amortization income tax rate.\n expenses write-off $ 70. million december 2008 appeals decision base rate case.\n.\n 2007 income decreased $ 34. million higher operation expenses depreciation tax rate.\n offset higher net revenue.\n fuel purchased power expenses regulatory credits.\n analysis change net revenue 2008 2007.\n.\n 2007 revenue $ 1110.\n revenue.\n purchased power capacity.\n.\n.\n 2008 $ 1117.\n rider revenue variance due energy efficiency rider november 2007.\n revenue operation maintenance expense no effect net income.\n increase franchise tax revenue higher retail revenues.\n.\n purchased power capacity variance due lower reserve equalization expenses.\nvolume/weather variance weather 2007. 9%. decrease industrial wood industry small customer class.\n electricity usage decreased 333 gwh sectors.\n accounting estimates note 1 financial statements."
}
{
    "_id": "dd4bba038",
    "title": "",
    "text": ".\n loews hotels subsidiaries operate 18 hotels.\n 2. 0%. 9%. 7%. revenue 2009 2008 2007.\n rooms annapolis hotel 220 annapolis maryland coronado bay 440 2034 san diego california denver hotel 185 denver colorado 347.\n beach florida hard rock orlando las vegas 493 henderson nevada concorde hotel 405 2069 quebec canada hotel 353 expiring 2021 washington.\nmiami beach hotel 790 florida new orleans hotel 285 2018 philadelphia hotel 585 portofino bay hotel 750 universal orlando regency hotel 350 2013 renewal york 47 years royal pacific resort 1000 orlando santa monica beach hotel 340 2018 renewal 5 years vanderbilt hotel 340 nashville tennessee ventana canyon 400 2019 tucson arizona vogue 140 montreal canada termination rights.\n subsidiary 20% owner operated.\n 50% owner universal orlando park venture universal studios rank group.\n leased operated.\n annapolis hotel maryland\n coronado bay san diego california expiring 2034\n denver hotel 185\n. beach florida\nhard rock hotel orlando florida 650\n lake las vegas henderson nevada 493\n concorde hotel quebec canada 405 lease 2069\n hotel washington. 353 2021\n miami beach hotel florida 790\n new orleans louisiana 2018\n philadelphia hotel 585\n portofino bay hotel orlando florida 750\n regency hotel new york 350 lease 2013 renewal 47 years\n royal pacific resort orlando 1000\n santa monica beach 340 2018 renewal years\n vanderbilt hotel nashville tennessee\n canyon tucson arizona 2019\n hotel vogue montreal canada\n.\n 18 hotels.\n. revenue 2008 2007.\nrooms annapolis hotel 220 coronado bay 440 2034 san diego denver hotel 185.\n hard rock hotel 650 orlando vegas 493 henderson nevada le concorde hotel 405 2069 quebec 353 2021 washington.\n miami beach hotel 790 new orleans hotel 285 2018 philadelphia hotel 585 portofino bay hotel 750 orlando regency hotel 350 2013 renewal new york 47 years royal pacific resort 1000 santa monica beach hotel 340 2018 renewal 5 years vanderbilt hotel nashville tennessee ventana canyon 400 2019 tucson arizona 140 montreal canada termination.\n subsidiary 20% owner operated.\nloews hotels subsidiary 50% owner orlando theme park venture studios rank group.\n hotels leased operated loews."
}
{
    "_id": "dd4c32772",
    "title": "",
    "text": "consolidated financial statements.\n income taxes reconciliation unrecognized tax benefits.\n balance october 2 2009 $ 8859\n increases prior years 437\n increases current 11221\n decreases settlements 2014\n decreases lapses statutes limitations -617\n balance october 1 2010 $ 19900\n major tax jurisdictions united states california iowa.\n tax years 1998.\n california 2002.\n october 1 2010 $ 0. 6 million unrecognized tax benefits expiration statute limitations recognized.\n accrued interest penalties tax benefits.\n interest penalties year 2010.\n.\n authorized issue 525000000 shares common stock $ 0. 25 per share 25000000 shares preferred stock.\n holders entitled dividends.\n dividends common stock preferred stock paid declared.\ncompany 2019s liquidation dissolution holders common stock share rata assets after payment creditors liquidation plus unpaid dividends preferred stock.\n each holder one vote for each share.\n no votes.\n certificate incorporation unless no holder preemptive right to purchase stock august 3 2010 approved stock repurchase program repurchase $ 200 million common stock privately securities laws.\n not repurchased shares fiscal year october 1 2010.\n november 29 2010 skyworks annual report"
}
{
    "_id": "dd4c53148",
    "title": "",
    "text": "devon energy corporation subsidiaries financial statements 2013 restricted stock awards units subject terms conditions restrictions limitations compensation committee employment.\n service requirement vesting ranges to four years.\n recipients receive dividends.\n devon estimates values closing price common stock grant date expensed vesting period.\n performance-based restricted stock awards granted senior management.\n vesting performance targets service requirements.\n requirement zero to four years.\n first year dividends.\n.\n estimates values closing price common stock expensed vesting period.\n performance share units granted senior management.\n unit entitles one share devon common stock.\n vesting based devon 2019s tsr fourteen peer companies-- year performance.\n vesting zero 200% devon 2019s tsr peer group.\nvesting period recipients receive dividend equivalents units vested.\n fair value share unit estimated date grant monte carlo simulation assumptions risk-free interest rate.\n treasury rates volatility assumption historical price volatility devon group estimated ranking devon.\n fair value unit expensed vesting period.\n table assumptions performance share units granted.\n 2015 2014\n grant-date fair value $ 81. 2013 $ 85. $ 70 $ 63.\n risk-free interest rate. 06%. 54%. 26%. 36%. %\n volatility factor. 2%. 8% 3%.\n contractual term.\n exercise price not less market value date grant.\n exercisable not exceed eight years.\n recipient pay exercise price cash common stock.\n service requirement vesting ranges to four years.\n"
}
{
    "_id": "dd498682a",
    "title": "",
    "text": "hartford financial services group.\n financial statements.\n deferred policy acquisition costs future profits balance.\n balance january 1 $ 9857 $ 10686 $ 13248\n deferred costs\n amortization 2014 -3247\n discontinued operations\n 2014 unlock benefit pre-tax -507\n adjustments unrealized gains losses securities -377 -1159\n currency translation\n accounting change pre-tax\n balance december 31 $ 8744 $ 9857 $ 10686\n contributors unlock charge assumption changes future profits costs japan hedging strategy.\n variable annuity macro hedge program account returns below aggregated estimated.\n benefit.\n assumption updates withdrawals lapses offset hedging annuitization estimates japan products long-term rate return updates.\nsignificant contributors unlock charge 2009 account returns below first quarter offset by greater april 1 to december 2009.\n declining interest rates unrealized gains securities.\n $ 34 decrease disposition dac from sale hartford investment canadian 2010.\n new accounting guidance embedded credit derivatives retained earnings dac benefit.\n offsetting amount unrealized losses.\n investments retained earnings dac charge.\n offsetting unrealized losses.\n 2011 estimated future net amortization expense profits five years $ 39  $ 58  $ 24 $ 23 $ 22 in 2012 2013 2014 2015 2016."
}
{
    "_id": "dd4c4ac6e",
    "title": "",
    "text": "believe new ppa requirements after 2012.\n expect significant funding requirements retiree benefit plans 2007.\n contributions estimated $ 54 million.\n 2007 contributions could exceed projections influenced discretionary funding government requirements renewals union contracts health care claims.\n projections funding change based market conditions trust asset performance future decisions.\n unfavorable movement working capital related trade payables performance higher inventory balances.\n trade payables balance within 3% ( 3 % balance year-end 2005.\n balance increased 22% 2005-low level 2004.\n higher inventory balance related higher commodity prices inventory.\n balances affected.\n capacity limitations balances industry-leading levels.\n core working capital net sales.\n capital 6. 8%. net sales 7. 0%. 2005. 3%. 2004.\nachieved multi-year reduction through faster collection extension terms trade payables.\n logistics improvements inventory customer requirements.\n reduce inventory 2006 operating cash flow 2007.\n working capital increase trade payables offset unfavorable trade receivables returned levels.\n 53rd week 2004 holiday impacted working capital cash flow.\n working capital cash 2006.\n year-over-year favorable variance $ 116 million lower debt currency swap payments growth accrued compensation promotional liabilities.\n unfavorable movement working capital 2004 decrease income tax liabilities offset deferred income taxes cash flow net cash operating activities reduced expenditures property additions.\n debt repayment dividend distributions acquisition share repurchase.\n cash flow metric measure.\n cash operating activities $ 1410. 1229.\n additions properties.-374. -278. 6\n $ 957. $ 769. $ 950.\n 24. 5%. 5 % 221219. 1%. 1 %\n 24. 5%. 5 %. 1%. 2006 2005 spending capacity expansions sales growth.\n 4. 2%. 2 % 2006. 7% 2005 2. 9%. 9 % 2004.\n property expenditures 4% 4 % net sales long-term target.\n new manufacturing facility ontario 15% 2007 capital plan.\n capacity north america logistics inventory management issues.\n targeting cash flow $ 950-$ 1025 million.\n"
}
{
    "_id": "dd496f2ec",
    "title": "",
    "text": "consolidated financial statements 2014 amounts millions liability 2007 2003 2001 restructuring programs.\n 2003 2001\n liability december 31 2006 $ 2014 $ 12. $ 19. $ 31.\n charges adjustments 19. 5 13.\n -7. 6.\n december 31 2007 $ 11. 9 $ 9. $ 8. 7 $ 29. 6\n charges adjustments 4. 3. 8 5. 8\n. -4 5 6 22.\n december 31 2008 $ 1. 2 $ 5. 7 $ 5. 9 $ 12.\n adjustments foreign currency exchange rates.\n reorganization-related charges realignment media businesses mediabrands 2006 merger.\n.\n charges first half 2009.\n draftfcb 2006.\ncharges separated operating expenses consolidated statements result normal business."
}
{
    "_id": "dd4bdeac8",
    "title": "",
    "text": "return.\n pension plans 7. 8 percent 6. 9 percent.\n 2015 net mark-to-market loss $ 179 million due to difference.\n pension plans 2. 0 percent 7. 4 percent offset by higher discount rates 2015 2014.\n net losses operations line items.\n millions years 2017 2016 2015\n cost goods sold $ -29 29 $ 476  $ 122\n administrative expenses 244 382\n research development expenses 86 127\n total $ 301  $ 985  $ 179\n january 1 2018 adopted new accounting guidance net pension opeb costs.\n service cost.\n.\n.\n pension costs reclassified from operating costs income.\n change applied prior years.\n fourth quarter 2017 company reviewed changes mortality assumptions.\n pension plans life expectancy.\ndecember 31 2017 liability postemployment benefits $ 290 million.\n fourth quarter 2016 adopted mortality improvement scales.\n pension opeb plans.\n liability postemployment benefits $ 200 million.\n first quarter 2017 closure facility.\n impacted employees defined benefit pension plan curtailment termination benefits.\n march 2017 net loss $ 20 million curtailment termination benefits.\n phase production aurora facility termination benefits $ 9 million employees.\n.\n 2016 full yield curve approach service interest costs.\n costs 2017 2016 $ 140 million $ 180 million.\n impact year-end defined benefit pension opeb obligations net benefit cost lower offset loss.\n total defined benefit pension opeb expense decrease $ 80 million 2018.\n higher return assets.\n.\n.\ninvestments liabilities risk.\n.\n 2017 asset allocation 34 equities 62 fixed income 4 other.\n current.\n target 30 percent equities 70 percent fixed income.\n revisited objectives.\n.\n rebalanced 5 points.\n 2017.\n 40 equities 53 fixed income 4 real estate 3 other.\n.\n 38 equities 54 fixed income 5 real estate 3 other.\n vary requirements demographics status.\n frequency rebalancing.\n.\n contributions pension $ 1. 6 billion $ 329 million 2017 2016.\n $ 1. billion discretionary contribution.\n.\n expect $ 365 million 2018.\n resources fund.\n"
}
{
    "_id": "dd4c5eb9c",
    "title": "",
    "text": "republic services.\n financial statements 2014 quality institutions.\n balances fdic insured limits.\n monitor credit worthiness financial institutions deposits.\n credit risk limited variety customers markets dispersion operations.\n small-container large-container municipal residential energy services customers united states puerto rico.\n credit evaluations require collateral.\n allowance doubtful accounts credit risk age historical trends economic conditions.\n collection transfer recycling disposal energy services.\n recorded billed claims settled cash.\n estimated realizable value.\n provisions evaluated monthly historical collection experience age information economic conditions.\n review balances.\n reserves provided 90 days.\n past due receivable balances written-off collection unsuccessful.\n activity allowance doubtful accounts years december 31.\n balance beginning year $ 38.$ 44. 46. 7\n 34. 8 30. 6 20. 4\n accounts written-off 39. 35. 7 23. 1\n balance end year $ 34. 3 $ 38. $ 44.\n december 31 2018 $ 108. million $ 78. 6 million insurance workers compensation liability auto liability.\n funds tax-exempt bonds expenditures landfills transfer stations collection recycling centers.\n deposited trust accounts.\n restricted restricted cash securities balance sheets.\n financial assurance agencies collection contracts landfills environmental remediation permits business licenses.\n cash trust funds escrow accounts."
}
{
    "_id": "dd4c0bce4",
    "title": "",
    "text": "capitalized software costs enhancements capitalized feasibility continues until commercial release.\n judgment technological feasibility.\n high-risk issues resolved.\n time between feasibility commercial release minimal insignificant capitalization costs.\n amortization computed product-by-product estimated economic life three years.\n revenue straight-line method.\n amortization expense capitalized software costs $ 40. 9 million $ 33. 7 million $ 32. 8 million years 2012 2011 2010.\n reviews carrying value capitalized software.\n impairments recognized future cash flow capitalized costs less than carrying value.\n no impairment charges required.\n goodwill intangible assets excess over fair value assets.\n trademarks customer lists contract backlog acquired software technology.\n tests goodwill for impairment annually fair value carrying amount.\nqualitative assessment requires company factors fair value unit including economic conditions industry market conditions customer behavior cost factors financial performance strategies capital requirements management personnel issues stock price.\n considers totality factors weight on events fair value assets fair value less than carrying amount.\n if fair value exceeds carrying value no further analysis necessary.\n if quantitative two-step analysis performed fair value estimated impairment loss recorded.\n company tests indefinite-lived intangible assets for impairment annually carrying value value.\n annual impairment test january 1 each.\n reviews carrying value other intangible assets impairments when.\n no impairment charges required for.\n credit risk risk revenue trade receivables due to channel partners.\n performs periodic credit evaluations financial condition require collateral.\ntable outlines risk 2019s revenue.\n except customer data 2012 2011 2010\n revenue channel partners 26% 26 % ) 27% 27 % )\n largest 6% 6 % 4% 4 %\n 3% 3 %\n direct sale customers exceeding 5% 5 revenue 2014\n contents"
}
{
    "_id": "dd4b90774",
    "title": "",
    "text": ".\n indemnified securities financing unfunded commitments assets standby letters credit.\n potential loss equal total contractual amount collateral.\n table summarizes amounts instruments at december 31.\n third parties.\n indemnified securities financing 365251 324590\n asset purchase agreements\n unfunded commitments extend credit 18078 20981\n standby letters of credit 4784\n excludes agreements commercial paper conduits consolidated may 2009.\n 81% unfunded commitments extend credit expire one year.\n represent future cash requirements.\n securities finance securities brokers.\n indemnify fair market value failure.\n collateral funds not recorded consolidated statement.\n borrowers provide collateral equal 100% fair market value.\n securities revalued daily additional collateral.\nheld cash.\n government securities $ 375. 92 billion $ 333. 07 billion collateral indemnified securities loan 2009 2008.\n collateral invested customers.\n third-party repurchase agreements against loss.\n provide collateral 100%.\n not recorded consolidated statement condition.\n $ 375. 92 billion 2009 $ 333. 07 billion 2008 $ 77. 73 billion $ 68. 37 billion invested indemnified repurchase agreements.\n cash securities value $ 82. 62 billion $ 71. 87 billion collateral investments 2009 2008.\n involved disputes regulatory inquiries.\n result damages fines penalties changes business practices.\n resolution difficult predict.\nbelieve judgment settlement action pending proceeding material consolidated financial condition outcome matters may consolidated results period matter resolved"
}
{
    "_id": "dd498c0cc",
    "title": "",
    "text": "purchase november 2008 units reflected diluted earnings per share calculations treasury stock method defined sfas.\n 128.\n increased excess shares issued settlement less purchased average price.\n dilution average market price common stock above $ 21. 816.\n 2005 $ 250 million three-year facility.\n investment november 2007 terminated unamortized debt issuance costs expensed.\n debt covenants.\n december 31 2007 compliance.\n early extinguishment debt 2006 called remaining $ 185. 2 million notes redemption.\n $ 0. 7 million loss early extinguishment debt unamortized debt.\n early extinguishments debt 2005.\n multiple term loans institutions.\n collateralized equipment other borrowings balance sheet.\n sold.\n future maturities debt principal payments december 31 2007 years december 31.\n2008 2014\n 453815\n 2012\n 2996337\n future payments debt 3450152\n -427454\n 3022698"
}
{
    "_id": "dd4b9d514",
    "title": "",
    "text": "activities.\n table reconciles cash free cash flow non.\n millions 2016 2015 2014\n operating activities $ 7525 $ 7344 $ 7385\n investing -3393 -4476\n dividends -1879 ( 1879 -2344 ( 2344\n free cash flow $ 2253 $ 524 $ 1504\n 2017 safety safe benefits employees customers shareholders communities.\n multi-faceted approach safety technology risk assessment training engagement quality control capital investments.\n safety culture.\n increase detection defects crossings educate safety activities.\n align resources customer demand efficient network surge capability.\n fuel prices projections crude oil natural gas fluctuate.\n volatile fuel prices sensitive global.\n demand refining capacity geopolitical events weather.\nprices fluctuate impact earnings fuel surcharge programs price two months.\n lower fuel prices consumer spending demand products.\n commodities coal drilling shipments.\n capital plan 2017 $ 3. 1 billion ptc 60 locomotives intermodal containers chassis freight cars.\n capital plan revised business conditions laws affect returns.\n liquidity capital resources 2013. financial expectations economic conditions uncertainty volume levels.\n volume grow low single digit 2017 economy market conditions.\n outlook energy markets challenges opportunities.\n margin improvement pricing opportunities productivity initiatives resources franchise.\n.\n economy some markets outperforming others."
}
{
    "_id": "dd4bf331a",
    "title": "",
    "text": "management 2019s analysis jpmorgan chase. form 10-k risk loan exposures.\n dre less extreme credit loss peak derivative credit risk loans.\n avg value firm derivative receivables future collateral.\n primary metric pricing credit risk capital cva.\n value receivables cva credit quality counterparties.\n cva avg counterparty credit spread.\n active risk management credit risk.\n risk wrong-way risk correlation exposure counterparty credit quality.\n factors influence correlations.\n firm adjust cva avg.\n manages exposure changes cva credit contracts interest rate foreign exchange equity commodity.\n graph shows exposure profiles current derivatives portfolio 10 years peak dre avg metrics.\n exposure first year no new trades.\nprofile derivatives december 31 2018 billions table summarizes ratings firm 2019s derivative receivables collateral.\n ratings scale based internal ratings s&p moody 2019s.\n ratings.\n rating december 31 millions\n aaa/aaa to aa-/aa3 $ 11831 31% 31 % ) $ 11529 29% 29 % )\n a+/a1 to a-/a3 7428\n bbb+/baa1-/baa3 12536 13925\n bb+/ba1/b3\n ccc+/caa1\n $ 38891 100% $ 40415\n firm uses collateral agreements mitigate credit risk.\n over-the-counter derivative transactions collateral agreements 2014 90% december 31 2018 december 31 2017."
}
{
    "_id": "dd4bd9d20",
    "title": "",
    "text": "presents payments company contractual obligations september 28 2013 excludes balance sheet long-term debt lease major facility leases 10 years renewal options five years.\n leases retail space five to 20 years majority 10 years multi-year renewal options.\n 2013 future minimum lease payments $ 4. 7 billion $ 3. 5 billion leases retail space.\n purchase commitments outsourcing partners outsourcing partners manufacture sub-assemblies final assembly testing.\n demand.\n obtains components.\n purchase orders supplier contracts orders demand.\n inventory prepayments.\n september 2013 off-balance sheet third party manufacturing commitments component purchase commitments $ 18. 6 billion.\n $ 1. 3 billion acquire capital assets advertising research development internet telecommunications services.\ncompany non-current liabilities deferred tax unrecognized tax benefits interest penalties.\n september 2013 deferred tax liabilities $ 16. 5 billion.\n unrecognized tax benefits $ 2. 7 billion $ 590 million interest penalties.\n timing payments not included contractual obligation table.\n indemnify end-users software intellectual property.\n.\n less than1 1-3 years 4-5 years years\n long-term debt $ 2500 6000 $ 8500 $ 17000\n operating leases 610 1200 4721\n purchase obligations 18616\n other obligations 1081 248\n $ 20307 $ 3948 $ 7072 10358 41685"
}
{
    "_id": "dd4bcbb1c",
    "title": "",
    "text": "consolidated financial statements jpmorgan chase. annual report 168 nonrecurring fair value changes change financial instruments adjustment statements years december 31 2009 2008 2007.\n.\n millions\n loans retained $ -3550 -1159 $ -218 (\n loans held-for-sale -389 -502\n loans -3939 -3887 -720 (\n assets -104 -685 -161\n accounts payable liabilities -285\n nonrecurringfairvalue gains losses -4012 -4857 4857 -879\n accounts payable liabilities nonrecurring gains losses write-downs delinquent mortgage home equity loans underlying collateral change fair value leveraged lending loans.\n unfunded lending commitments leveraged lending portfolio.\nlevel 3 assets 6% firm assets 2009 2008.\n $ 130. 4 billion 2009 decrease $ 7. 3 billion 2009 2022 decrease $ 6. 3 billion derivative receivables credit spreads.\n transfers 3 $ 41. 3 billion credit receivables $ 17. 7 billion single-name cds.\n fair value receivables $ 22. 1 billion 2009.\n payables $ 12. 5 billion 2009.\n offset receivables.\n 2022 decrease $ 3. 5 billion loans sales leveraged loans transfers level 2 increased price transparency.\n held-for-sale nonre.\n 2022 decrease $ 6. 3 billion trading assets 2013 debt equity loans residential sales markdowns transactions hedge funds.\ndeclines offset transfer 3 notes lower liquidity pricing increases fair value.\n increase $ 6. billion msrs fair value market interest rate future pre payments sales loans.\n offset portfolio runoff.\n increase $ 1. 9 billion accrued interest credit card securitization.\n $ 11. 4 billion losses derivatives credit spreads.\n losses trading equity instruments $ 671 million $ 2. 1 billion residential commercial loans gains $ 1. 4 billion value.\n. $ 5. billion gains msrs.\n $ 1. 4 billion losses liabilities volatility equity markets.\n losses $ 12. billion mortgage transactions auction-rate securities.\n losses $ 6. billion.\n 3. billion leveraged loans.\n gains $.billion derivatives credit rate curves.\n gains. 5 billion fixed income commodities markets.\n private equity losses 638 million.\n note 17 pages 223."
}
{
    "_id": "dd4c277dc",
    "title": "",
    "text": "entergy corporation financial statements sale leaseback transactions waterford 3 lease 1989 sold leased. 3%. interest waterford 3 $ 353. 6 million.\n lease 28 years.\n lessors financed sale-leaseback waterford 3 lease bonds.\n lease payments debt.\n 1994 repurchase. interest.\n issued $ 208. 2 million non-interest first mortgage bonds collateral equity.\n 1997 lessors refinanced bonds lower interest rates reduced annual lease payments.\n assume outstanding bonds withdraw lease.\n default loss adverse events. failure maintain equity capital 30% adjusted capitalization fixed charge coverage ratio 1. 50.\n december 31 2003 total equity capital. 82%. adjusted capitalization fixed charge coverage ratio 2003 4.\ndecember 31 2003 entergy louisiana future minimum lease payments 7. 45%. waterford 3 sale leaseback transactions long-term debt.\n 2004 31739\n 2005 14554\n 2006 18262\n 2007 18754\n 2008 22606\n 366514\n 472429\n 209895\n minimum lease payments $ 262534\n gulf 1 lease obligations 1988 system energy sold 11. 5%. interest grand gulf 1 $ 500 million.\n leased back 26-1/2 years.\n lease.\n lease.\n sale-leaseback financing transaction financial statements.\n expenses interest lease obligation"
}
{
    "_id": "dd4bb8fa8",
    "title": "",
    "text": "cash without financings.\n free cash flow operating activities.\n table reconciles free cash flow non millions 2014 2013 2012.\n operating activities $ 7385 $ 6823 $ 6161\n investing activities -4249 -3405 -3633 ( 3633\n dividends -1632 -1333 -1146 ( 1146\n free cash flow $ 1504 $ 2085 $ 1382\n safety safe railroad benefits employees customers shareholders communities.\n multi-faceted approach safety technology risk assessment quality control training employee engagement capital investments.\n safety culture.\n increase detection defects crossings educate safety.\n add resources growth service replenish surge capability.\n 2014 uncertainty projections fuel.\n volatile fuel prices sensitive global.\n demand refining capacity geopolitical events weather conditions.\nprices fluctuate earnings fuel surcharge programs trail fluctuations two months.\n lower fuel prices spending demand products.\n lower commodities coal frac sand crude oil shipments.\n capital plan $ 4. 3 billion ptc 218 locomotives.\n revised business conditions laws affect returns.\n liquidity capital resources 2013 plan. financial expectations.\n economy moderate.\n outlook energy markets challenges opportunities.\n positive volume growth 2015.\n margin improvement pricing opportunities productivity initiatives resources fluidity network."
}
{
    "_id": "dd4bc7a6c",
    "title": "",
    "text": "management revenues equities $ 8. 21 billion 2012 unchanged 2011.\n securities services higher gain $ 494 million sale hedge fund administration business.\n equities client execution revenues higher higher cash products increased client activity.\n offset lower commissions fees declines united states asia.\n average daily volumes lower.\n global equity prices lower volatility.\n net loss credit spreads borrowings $ 714 million $ 433 million $ 281 million gain $ 596 million 197 2011.\n institutional services market concerns uncertainties positive developments.\n central bank actions monetary funding risks.\n.\n economy unemployment housing.\n tighter credit spreads higher equity prices lower volatility.\n concerns global economy political uncertainty client risk aversion lower activity.\n uncertainty financial regulatory reform.\nexpenses $. billion 2012 3% lower 2011 due brokerage clearing exchange fees impairment charges offset provisions litigation regulatory proceedings.\n pre- tax earnings $ 5. 64 billion 2012 27% higher 2011.\n investing origination loans.\n longer-term.\n debt securities loans public private equity securities real estate entities.\n results investing lending.\n equity securities\n debt securities loans\n net revenues 7018\n expenses\n pre-tax earnings\n.\n net revenues investing lending $ 7. billion 2013 19% 19 % higher 2012 increase net gains equity securities higher global equity prices.\n net gains interest income debt securities loans higher other revenues lower.\nequity markets credit spreads revenues.\n operating expenses $ 2. 68 billion 2013.\n impairment charges compensation benefits.\n pre-tax earnings $ 4. 33 billion 34% higher.\n sachs report"
}
{
    "_id": "dd4b92d62",
    "title": "",
    "text": "marathon oil corporation financial statements changes goodwill years 31 2007 2008 millions e&p osm rm&t total.\n balance december 31 2006 $ 519 2013 $ 879 $ 1398\n acquired 1437\n adjusted -7 ( 7\n balance december 31 2007 590 1437 872 2899\n adjusted -17 -35 ( 35\n impaired\n disposed -5 ( 5\n balance december 31 2008 $ 568 2013 $ 879  $ 1447\n adjustments income tax royalty adjustments.\n goodwill allocated norwegian outside-operated properties sold 2008.\n.\n value.\n price sell asset transfer liability transaction.\n.\n approaches market income cost approach.\n market approach transactions.\nincome approach value future amounts into present value market expectations.\n cost approach based on service capacity asset.\n current replacement cost.\n assumes fair value substitute asset for obsolescence.\n.\n prescribe valuation technique.\n.\n establishes fair value hierarchy inputs.\n inputs refer to assumptions pricing.\n level 1 inputs highest 3 lowest.\n three levels fair value hierarchy.\n level 1 2013 observable inputs unadjusted quoted prices for identical assets liabilities in active markets.\n.\n level 2 2013 observable market-based inputs inputs corroborated by market data.\n.\n level 3 2013 unobservable inputs not corroborated methodologies.\n market or income approach for recurring fair value measurements best information.\n techniques observable inputs favored.\nassets liabilities classified lowest priority significant fair value measurement.\n assessment requires judgment affect placement fair value hierarchy."
}
{
    "_id": "dd4bbc202",
    "title": "",
    "text": "compares shareholder return common stock standard 500 composite stock index industrials 2005 2010 closing price common stock $ 12.\n assumes investments $ 100 2005 common stock indices reinvestment dividends.\n 201020092008200720062005 s&p 500 index consumer durables apparel index value $ 100 investment 2005 common stock 500 durables apparel reinvestment dividends.\n $ 101. $ 76. 42. 54. 51.\n s&p 500 index $ 115. $ 121. $ 77. 97. $ 111.\n s&p industrials index $ 113. $ 126. $ 76. 92. $ 116.\n&p consumer durables apparel index $ 106. $ 84. 56. $ 76. $ 99.\n2007 board authorized purchase 50 million shares stock.\n december 31 2010 repurchase 27 million shares.\n repurchased retired three million shares $ 45 million 2010.\n months december 31 2010."
}
{
    "_id": "dd4c52c70",
    "title": "",
    "text": "recognized $ 16. 9 million $ 14. 9 million 2012 2011 securities portfolio deterioration credit performance.\n other-than-temporary impairment ) noncredit portion 2012 2011.\n-temporary impairment $ -19. 8 ( 19. $ -9. 2 (.\n noncredit portion recognized comprehensive income. -5. 7 ( 5.\n net impairment $ -16. 9. $ -14. 9.\n provision loan losses decreased 20% to $ 354. 6 million 2012 2011.\n improving credit trends lower levels delinquent loans one- four-family home equity.\n offset by $ 50 million charge-offs bankruptcy filings third quarter 2012 80% related prior years.\n third party loan servicers bankruptcy data increase bankruptcies servicer.\n data.\nimplemented enhanced procedure bankruptcy party data.\n $ 90 million loans identified failed report bankruptcy 90% current third quarter 2012.\n loans written down current value property less selling costs $ 40 million 2012.\n loan losses $ 50 million december 31 2012.\n declined four consecutive years down 78% from peak $ 1. 6 billion 2008.\n expect."
}
{
    "_id": "dd4bd3484",
    "title": "",
    "text": ".\n commodity derivative instruments osm rm&t segments hedge accounting.\n recognize income changes value derivative instruments.\n commodity derivative positions e&p segment held derivative contracts price risk natural gas.\n no significant derivative contracts future sales liquid hydrocarbons natural gas exposed to market prices.\n osm segment holds crude oil options purchased.\n premiums offset call options net premium liability.\n deferred until settlement contracts.\n put call options outstanding.\n contract volumes\n put purchased\n call options sold\n price.\n call.\n first quarter sold derivative instruments average $ 50. offset put options remainder 2009.\n december 31 open derivative contracts rm&t segment lower previous periods.\nsecond quarter 2008 decreased use derivatives crude oil price risk oil refined.\n addressing price risk contractual terms crude oil acquisition practices.\n contracts rm&t segment purchase sale not normal accounted derivative instruments.\n second quarter 2008 contracts normal purchase sale exclusion."
}
{
    "_id": "dd497be3e",
    "title": "",
    "text": "table presents unrealized losses securities december 31.\n millions 2011\n fair value $ 99832 $ 81881\n amortized cost 100013 82329\n loss pre-tax $ ( $ -448 ( 448\n after-tax $ -113 ( $ -270 ( )\n excluded losses reclassifications securities.\n totaled $ 303 million $ 189 million after-tax $ 523 million $ 317 million after-tax december 31 2011 2010 recorded income.\n.\n decline losses 2010 to 2011 from amortization.\n reviews securities other-than-temporary impairment.\n credit non-credit.\n recorded in statement income.\n economic security-specific factors.\n estimates market conditions performance.\nmarket conditions worse expectations-than-temporary impairment could increase credit component in consolidated statement income.\n exposure securities to residential consumer credit risks.\n housing market credit performance.\n assessment-temporary impairment relies on estimates national housing prices.\n.\n 2011 declined 31. 3%. peak-to-current.\n expectation housing prices decline 35% ( 35 % ) peak-to-trough.\n mortgage products.\n housing prices decline.\n loss expectations.\n investment portfolio sensitive to future losses.\n-than temporary impairment based on analysis security.\n sensitivity analysis product type.\n mortgage-backed portfolio.\n other-than-temporary impairment could increase $ 10 million to $ 50 million if housing prices 37% to 39% ( 39 % )-to compared expectation 35%.\nsensitivity estimate based factors housing prices timing defaults.\n management expectations loss estimates differ.\n excluding securities-temporary impairment 2011 considers decline fair value"
}
{
    "_id": "dd4c0e962",
    "title": "",
    "text": "cost business.\n changes include enrolled due federal government decision.\n military presence.\n reimbursements failure reduce health care costs business.\n 2004 contractual transition tricare business.\n regions 2 5. million north region.\n august 1 regions 3 4 south region.\n november 1 2004 region 6 1 million members south region.\n members offset lost expiration.\n december 31 2005 tricare premium revenues $ 2. 4 billion 16. 9%. premiums.\n tricare transition senior pharmacy for life program.\n administrative services transferred another contractor.\n december 31 2005 tricare administrative services fees totaled $ 50. 1 million. 4%. total premiums aso fees.\n products commercial employers developed products options premium increases medical cost inflation.\nconsumer-choice products fully insured or aso coverage 371100 members at december 31  2005. 7%. total commercial medical membership.\n.\n fully insured 184000 1815800 1999800\n administrative services 187100 983900 1171000\n commercial medical 371100 2799700 3170800\n products offered employer groups 201cbundles 201d hmo options employer contribution strategies.\n developed innovative products 201csmart 201d products long-term solution employers.\n choices transparency provider costs benefit designs care.\n innovative tools technology trade premiums point-of-service costs benefits.\n informed choices sustainable long term solution.\n smart products 65. 1%. enrollment consumer-choice plans december 31 2005 sold to employers humana sole health insurance."
}
{
    "_id": "dd4b9cbaa",
    "title": "",
    "text": "4199466 performance-based options 2005 risk free interest rate 4. 2%. volatility factor market 44% dividend yield zero time exercise 4. 7 years assumption 2. 95 years.\n initial public offering 9 month grant date.\n fair value $ 5. 85.\n estimated black-scholes option pricing model.\n risk free interest rates.\n interest 4. 9%.\n volatility factor 30%.\n dividend yield 0. 5%.\n average life 6. 4 years.\n fair value each option $ 15.\n december 31 total unrecognized compensation cost stock option grants $ 86. 1 million pre-tax income 1. 9 years.\n company limit dilution repurchasing shares.\n repurchased 4261200 shares average price $ 37.\n plan repurchase $ 200 million common stock.\npension plan merger company.\n retirement income plan.\n estimated impact purchase price pension liability less fair value assets cost annuity contracts settlements.\n final settlement after determination 2007.\n net pension plan obligation $ 21. 6 million assumed liabilities $ 8. million supplemental executive retirement plan $ 3. mil postretirement benefit plan.\n reconciliation changes fair value assets february 1 2006 december 31.\n fair value assets acquisition date $ 57369\n return assets 8200\n benefits paid\n value end year $ 64772\n assets.\n assets invested.\n treasury bonds short duration final payment.\n fidelity national information services.\n subsidiaries financial"
}
{
    "_id": "dd4c4ff98",
    "title": "",
    "text": "aes corporation financial statements 2014 31 2010 2009 2008 recourse debt maturity annual maturities millions.\n 2011 $ 463\n 2012\n 497\n 2015\n 3152\n recourse debt $ 4612\n redeemed $ million 8. 75%. second priority senior secured notes 2013.\n redeemed redemption price. 458%. % principal amount.\n pre-tax loss redemption 2013 notes $ 15 million year december 31 2010 statement operations.\n july 29 2010 second amendment.\n fourth credit reimbursement agreement july 29 2008 company subsidiary guarantors lending institutions agreement.\n.\nfifth credit agreement adjusted terms conditions commitment revolving credit loan increased to $ 800 million final maturity date extended to january 29 2015 changes facility fee interest rate based on credit rating at libor + 3.%. undrawn fee 0. 625%. per annum company incur additional term loan revolver commitments exceed $ 1. 4 billion negative pledge. cap on first lien debt of $ 3. 0 billion.\n debt obligations under guaranteed by subsidiaries point hawaii warrior run eastern energy.\n obligations secured by capital stock domestic subsidiaries 65% foreign subsidiaries"
}
{
    "_id": "dd4baa93a",
    "title": "",
    "text": "performance graph not filed incorporated valero filings securities act 1933 exchange act 1934.\n historical data not indicative future performance.\n compares return common stock against s&p 500 index peer companies five-year 2008 2013.\n peer group 11 companies alon usa energy. bp cvr energy.\n hollyfrontier marathon petroleum pbf energy.\n royal dutch shell tesoro western refining.\n hess corporation exited refining replaced dk pbf refining.\n 5 year valero energy corporation s&p 500 index group.\n 12/2008\n valero common stock $ 100. $ 79. 111. 102. 170. 45 $ 281.\n s&p 500. 126. 145. 148. 172. 228.\n peer group. 126.127. 138. 170.\n. 120. 166\n investment valero stock index $ 100 december 31 2008.\n return share price appreciation reinvestment dividends 2013."
}
{
    "_id": "dd4bb0038",
    "title": "",
    "text": "jpmorgan chase.\n 2007 annual report 117 nonrecurring fair value changes change value financial instruments adjustment consolidated statement income year 31 2007.\n millions.\n loans $ -720 ( )\n assets -161 (\n accounts payable accrued expense liabilities\n nonrecurring fair value gains $ -879 ( 879 )\n loans include changes fair value cost accounts payable unfunded lending commitments leveraged lending portfolio.\n level 3 assets 5% firm assets december 31 2007.\n increased 2007 second half liquidity mortgages credit products.\n leveraged loan balances.\n transfers level 2 to 3 2007.\n instruments mortgage market unob.\nsubprime alt loans home equity securities commercial mortgage loans credit default swaps majority instruments decline liquidity third fourth quarters 2007 new issue activity nonexistent independent pric ing information.\n sfas 157 firm recorded 2007 2022 increase earnings $ 287 million profit deferred eitf 02-3 2022 pretax income $ 166 million $ 103 million after-tax creditworthiness liabilities increase pretax income $ 464 million $ 288 million after-tax nonpublic private equity investments.\n applied provisions eitf 02-3 derivative portfolio.\n recogni initial trading profit quoted market prices data valuation.\n recognized deferred profit principal transactions straight- line amortization.\n adjustment valuation liabilities.\n january 1 2007 adjustment credit quality.\nadoption sfas 157 privately investments valued based cost.\n adjusted positive changes financing events third-party capital providers.\n subject to impairment reviews by professionals.\n increase pretax income nonpublic private equity investments sfas 157 market evidence fair values third-party market transaction.\n disclosures sfas 107 estimated fair value instruments methods assumptions.\n not all instruments recorded fair value balance sheets.\n.\n excluded from sfas 107.\n fair value disclosures provide partial estimate fair value jpmorgan chase.\n long-term relationships deposit credit card accounts.\n add significant value jpmorgan chase fair value not disclosed.\n fair value approximates carrying value carried fair value short-term nature negligi credit risk.\ninstruments include cash deposits federal funds securities borrowed receivables accrued interest commercial paper federal funds borrowed funds accounts payable accrued liabilities.\n sfas 107 requires fair value deposit liabilities no. carrying value.\n funding value."
}
{
    "_id": "dd4bb4610",
    "title": "",
    "text": "product offerings include active index strategies.\n returns market risk profile.\n fundamental research quantitative models.\n index strategies returns.\n include non-etf products ishares.\n.\n.\n institutional non-etf index assignments large low fee rates.\n net flows.\n 2014 equity aum $ 2. 451 trillion increased $ 133. 4 billion new business $ 52. 4 billion market appreciation foreign exchange movements $ 81. billion.\n inflows driven $ 59. 6 billion $ 17. 7 billion ishares non-etf index accounts.\n inflows offset outflows $ 24. 9 billion outflows $ 18. billion $ 6. billion equity products.\n fee rates fluctuate.\n half equity tied international markets higher fee rates.\n.\nfluctuations equity markets.\n blackrock 2019s equity fee rates revenues.\n ended 2014 $ 1. 394 trillion increasing $ 151. 5 billion 12% from 2013.\n $ 96. 4 billion new business $ 55. 1 billion market appreciation foreign exchange movements.\n new business diversified flows high yield products.\n funds inflows $ 13. 3 billion $ 4. 2 billion. high yield bond.\n income inflows positive across styles inflows $ 40. billion $ 28. 7 billion $ 27. 7 billion.\n balanced funds bespoke mandates equities currencies bonds commodities risk management.\n long-only portfolios alternative investments tactical asset allocation overlays.\n changes-asset class 2014.\n.\n\n asset allocation balanced 169604 18387\n target date 111408 -872 128611\n fiduciary 60202 -474 14788 -8322 66194\n multi-asset 341214 28905 21044 -13326 377837\n $ 15. 1 billion 52% inflows institutional clients.\n contributed $ 12. 8 billion asset business target risk.\n retail inflows $ 13. 4 billion multi- asset income fund $ 6. 3 billion.\n-asset strategies 2022 asset allocation balanced products 48% new business $ 18. 4 billion.\n equity fixed income alternative components.\n risk diversification derivatives.\n products global allocation-asset income suites.\n 2022 products grew 10% 2014.\ninvestors represented 90% target date risk defined contribution plans 80%.\n remaining 10% retail investments.\n driven investments lifepath retirement income.\n asset allocation model risk return retirement timing.\n 2022 fiduciary management services sponsors responsibility.\n partnership clients investment staff trustees strategies risk budgets return objectives."
}
{
    "_id": "dd4982f7c",
    "title": "",
    "text": "table summarizes future cash payments contractual obligations.\n 2020 2021 2023 2025\n long-term debt $ 13093. 1396. 3338. 2810. 5548.\n 92.\n operating leases 482. 120. 186. 112. 63.\n capital leases.\n obligations 2961. 2605. 321.\n obligations 16630. 4214. 3847. 2950. 5618.\n long-term obligations 1302.\n obligations $ 17932. 4214. 3847. 2950. 5618.\n expected cash payments long-term debt include. million capital leases 72. million unamortized debt costs premiums discounts fair value adjustments.\n minimum rental commitments non-cancelable.\nmajority purchase obligations raw material packaging consumer marketing.\n terms quantities pricing structure timing.\n cancelable without penalty short notice 30 days.\n excluded.\n fair value foreign exchange equity commodity grain derivative contracts was $ 17. 3 million may 26 2019.\n future impact.\n long-term obligations accrued compensation benefits underfunded defined benefit pension postretirement plans miscellaneous liabilities.\n expect pay $ 20 million benefits unfunded postemployment benefit plans $ 18 million deferred compensation fiscal 2020.\n unable estimate beyond 2020.\n total liability uncertain tax positions accrued interest penalties $ 165. 1 million.\n estimates note 2 financial statements.\n financial condition results.\nestimates include promotional expenditures valuation intangible redeemable interest stock compensation income taxes defined benefit pension postretirement postemployment plans.\n net variable promotion coupon redemption returns unsalable discounts.\n promotions recorded.\n differences expenses recognized.\n accrued trade liabilities $ 484 million may 26 2019 $ 500 million may 27 2018.\n estimates inaccurate adjustments."
}
{
    "_id": "dd4bc75f8",
    "title": "",
    "text": "100 invested 11/17/11 10/31/11 reinvestment dividends.\n 2013.\n delphi automotive s&p 500 automotive russell 3000 parts american axle borgwarner. cooper tire rubber dana holding. delphi automotive dorman products. federal-mogul. ford motor. fuel systems. general motors. gentex. gentherm. genuine parts. johnson controls. lkq. lear. meritor. remy international. standard motor products. superior industries trw automotive holdings. tenneco. tesla motors. goodyear tire rubber. tower international. visteon. wabco holdings.\n.\n delphi automotive.\n&p 500.\n automotive supplier.\n 26 2013 dividend payments ordinary shares.\nboard directors declared quarterly dividend $ 0. 17 share paid quarter 2013.\n 2014 dividend $ 0. 25 share payable february 27 shareholders 18.\n october 2011 delphi automotive approved distribution $ 95 million paid december 5  2011 members."
}
{
    "_id": "dd4ba81f8",
    "title": "",
    "text": "company concluded acquisition sentinelle medical business combination no financial information provided.\n 2019s results include sentinelle medical breast health reporting segment.\n sentinelle medical acquisition purchase under asc 805.\n purchase price $ 84. 8 million cash payment net adjustments three contingent payments $ 250. 0 million.\n payments based incremental revenue growth two-year period six 12 24 months.\n recorded fair value contingent consideration liability future revenue projections medical assumptions.\n projections discounted 16. 5%.\n based-average cost capital credit risk premium-performance.\n resulted initial contingent consideration liability $ 29. 5 million adjusted periodically based changes fair value revenue growth.\n measurement level 3 measurement re-evaluated assumptions updated revenue probability assumptions future lowered projections.\nadjustments offset accretion liability discount rate 17. reversal expense $ 14. million 2011 contingent consideration liability fair value.\n second quarter 2011 first earn-out period adjusted value results.\n payment $ 4. 3 million third quarter 2011.\n fair value $ 10. 9 million.\n equity awards.\n incurred third-party transaction costs $ 1. 2 million expensed general expenses 2010.\n purchase price.\n cash $ 84751\n contingent consideration 29500\n purchase price $ 114251\n hologic not not warranted.\n assumes risks damages losses.\n guarantee future."
}
{
    "_id": "dd4c31ebc",
    "title": "",
    "text": "synopsys.\n acquired assets $ 107. 3 million goodwill $ 257. 6 million.\n amortized eight years.\n costs $ 6. million 2012.\n employee separation professional services.\n magma design automation.\n chip software provider per- share price $ 7.\n assumed stock units options. purchase price $ 550. 2 million.\n semiconductor designers.\n allocated purchase $ 550. 2 million $ 6. million equity awards assets assets $ 184. 3 million goodwill $ 316. 3 million.\n amortized three ten years.\n costs $ 33. 5 million 2012 employee separation contract terminations professional services facilities closure costs.\n five companies emulation verification engineering.\n purchase $ 213.assets acquired liabilities assumed goodwill $ 118.\n assets $ 73. million valued amortized one eight years.\n 2012 acquisition costs $ 6. million statements.\n two allocated purchase $ 37. 4 million assets liabilities goodwill $ 30. million.\n assets $ 9. million amortized ten years.\n.\n goodwill intangible.\n balance october 31 2011 $ 1289286\n october 31 2012 $ 1976987\n october 31 2013 $ 1975971"
}
{
    "_id": "dd4c4d108",
    "title": "",
    "text": "shares excluded average 2013 anti- dilutive.\n 2017\n mandatory convertible preferred stock 39\n notes 2014\n stock options\n awards\n average price options per share $ 26. $ 33. $ 26. 2018 2017 2016.\n generated net income 30 million 14 5 million 1 million shares common stock mandatory convertible stock diluted average shares.\n stock converted october 2 2017.\n 2016 net income 28 million 10 million 4 million 1 million shares diluted average shares."
}
{
    "_id": "dd4b95a76",
    "title": "",
    "text": "contents.\n monte carlo lattice pricing model 2016 2015 2014\n risk-free interest rate. 0%. 1%. 7%. 7 %\n dividend yield\n stock price 21% 21 % 23% 23 % 25% 25 %\n 2014nasdaq composite index 16% 16 % 14% % 15% 15 %\n 2. 8. 8. 8\n correlation factor. 65. 60.\n issued 35000 115485 39900 performance-based restricted stock awards 2016 2015 2014.\n metrics 63462 51795 20667 awards grant-date fair values $ 84. 61 $. $. 52.\n value recorded.\n 7625 units 2014 awards earned 2017.\n compensation expense $. 4 million. 4 million. 1 million.\n2014 company granted stock units 488622 344500 364150 four values $ 88. 51 $ 86. 34 $ 82. 13.\n 162019 85713 shares vested released.\n 838327 344750 units outstanding.\n compensation expense $ 19. 1 million $ 12. 5 million $ 5. 8 million.\n issued 68451 shares replacement stock fair value $ 90. 48.\n $ 6. 2 million $ 3. 5 million non-cash.\n remaining stock compensation expense.\n recorded $ 1. 2 million $ 0. 6 million compensation expense.\n 2011 granted performance-based stock awards.\n revenue.\n expense 2014 $ 4. 7 million.\n granted deferred stock awards non-affiliate directors termination.\n granted vested grant.\n company established 409 deferred compensation plan trust awards.\n shares non-stock options.\n 2016 5000 shares diversified 184099 undiversified stock awards vested unissued termination.\n 2016 granted 38400 deferred stock awards one-year anniversary.\n compensation expense 2015 2014 $ 1. 9 million $ 4. million $ 3. 5 million."
}
{
    "_id": "dd4ba327a",
    "title": "",
    "text": "margin declined south/africa caribbean flat north asia.\n large utilities margin increased $ 201 million 37% $ 739 million 2001 538 million 2000.\n increased 10% $ 396 million.\n increased 30% 2001 25% 2000.\n caribbean increased $ 166 million contribution edc.\n north america ipalco cilcorp increased.\n increased $ 165 million $ 296 million 2001 131 million 2000.\n increased 93% $ 268 million 2001.\n 18% 2001 2000.\n increased south america caribbean decreased/africa asia.\n south margin increased $ 157 million 38% ( 38 % revenues.\n sul sales.\n caribbean increased $ 39 million 5% revenues.\n lower losses ede este caess.\n decreased $ 10 million losses sonel.\n decreased $ 18 million losses telasi.\n breakdown aes 2019s gross margin 2001 2000.\n north america 2001 $ 912 million 2000 $ 844 million change 8%\n south america $ 522 million 30% $ 416 million 36% % 25% 25 %\n caribbean $ 457 million $ 226 million 21% 21 102%\n europe/africa $ 310 million 22% 22 % $ 371 million 29% 29 %\n asia $ 101 million $ 138 million 22% 22 27% 27\n venezuela colombia.\n increased 38 million 46% $ 120 million 2001 82 2000.\n 1% 1 %.\n increase development activities.\n increased 327 million 29% $ 1. 5 billion 2001. 2000.\n 16% 2001 2000.\ninterest expense increased new businesses senior debt 2001 losses instruments."
}
{
    "_id": "dd496cd4e",
    "title": "",
    "text": "purchase asset capitalize costs use.\n assets self-constructed.\n large capital expenditures expansion replacement performed employees.\n 13% 13 % full-time employees construction capital assets.\n capital projects capitalized.\n material labor work equipment.\n indirect costs capitalized relate construction.\n allocated statistical bases.\n capitalization consistent with fasb statement.\n real estate.\n general administrative expenditures expensed.\n repairs maintenance useful life safety efficiency capitalized.\n assets capital leases recorded lower net present value minimum lease payments fair value asset.\n amortization expense computed straight-line method estimated useful lives.\n.\n accounts payable current liabilities.\n.\n.\n.\n accounts payable\n wages vacation\n casualty costs\n income taxes\n dividends interest\n equipment rents\n546 675\n accounts payable current liabilities $ 2560 $ 2902\n.\n fair value measurements first quarter 2008 adopted statement.\n 157.\n framework expanded disclosures.\n impact financial position results.\n applies assets liabilities.\n enables reader assess inputs hierarchy ranking quality reliability information.\n asset liability categories 1 quoted market prices.\n 2 observable market inputs corroborated.\n 3 unobservable inputs not."
}
{
    "_id": "dd4be1aac",
    "title": "",
    "text": "entergy new orleans.\n $ 30 million annually maintenance capital projects reliability service customer growth.\n purchase obligations minimum.\n unconditional fuel purchased power obligations unit power sales agreement note 8.\n $ 113 million 2009-2011 hurricane katrina gustav restoration gas rebuild project $ 32 million incurred 2009.\n $ 1. 7 million pension plan $ 5. 9 million postretirement plans 2009.\n pension protection act 2006 rules may affect pension contributions.\n $ 26. 1 million unrecognized tax benefits interest.\n note 3.\n capital investment estimate business.\n expenditures vary regulatory constraints environmental compliance market volatility economic trends access capital.\n information long-term debt preferred stock maturities notes 5 6 financial statements.\nnew orleans include funds cash debt preferred stock issuances.\n receivables money pool december 31 years.\n 2008 2007 2006 2005\n $ 60093 $ 47705 37166\n note 4 financial statements.\n orleans issued notes due three years indebtedness money pool $ 37. 2 million.\n short-term borrowing authorization through march 2010 $ 100 million.\n note 4 financial statements short-term borrowing limits.\n long- term securities issuances authorized city council authorization extends through august 2010."
}
{
    "_id": "dd4c4cb72",
    "title": "",
    "text": "5 loans commitments risk.\n december 31 millions 2007 2006\n commercial $ 28607 $ 20584\n real estate 8906 3532\n consumer 18326 16515\n residential mortgage 9557 6337\n lease financing 3500\n 413\n loans 69309 50900\n unearned income -990 -795\n unearned income $ 68319 $ 50105\n concentrations credit risk economic industry geographic factors affect.\n loans unfunded commitments concentrated primary geographic markets.\n december 31 2007 no industry concentration exceeded 5% commercial loans.\n originate loan products increase exposure.\n negative amortization high loan-to ratio-market rates interest-only loans.\n originate interest-only loans borrowers.\n risk.\n credit risk.\noriginate home equity loans-to-value.\n markets.\n $ 2. 7 billion $ 14. 4 billion home equity loans loan-to-value ratio 90%.\n collateralized 1-4 family properties.\n purchase loans 1-4.\n $ 3. 0 billion $ 9. 6 billion loans interest- only.\n gains commercial mortgages $ 39 million 2007 $ 55 million 2006 $ 61 million 2005.\n education loans $ 24 million 33 million 19 million.\n.\n income $ 184 million 2007 157 million 2006 104 million 2005."
}
{
    "_id": "dd4bddb28",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries financial statements table level 3 financial assets.\n millions december 2018\n cash instruments $ 17227 $ 15395\n derivatives\n financial assets\n $ 22181 $ 19201\n 3 assets 2018 increased 2017 instruments.\n notes 6 8 unrealized gains losses liabilities transfers.\n.\n.\n government obligations.\n mortgage-backed loans securities corporate debt equity securities investments non instruments.\n types instruments fair value hierarchy valuation techniques.\n note 5 fair value measurement policies.\n level 1 cash instruments money market instruments.\n government obligations non.\n obligations corporate debt instruments traded equities.\n valued quoted prices active markets.\n defines markets daily trading volume.\n.\nlevel 2 cash instruments include money market instruments government agency obligations non.\n obligations mortgage-backed loans securities corporate debt state municipal obligations other restricted equities commodities lending commitments.\n valuations verified to quoted prices recent trading activity broker quotations alternative pricing sources price transparency.\n consideration to quotations. relationship market activity.\n valuation adjustments if transfer restrictions for premiums liquidity discounts.\n based on market evidence.\n level 3 cash instruments.\n valued at transaction price best estimate fair value.\n methodologies to determine fair value.\n inputs changed when corroborated by evidence.\n 3 based on discounted cash flow techniques.\n loans securities backed by commercial real estate.\n collateralized by varying levels subordination.\ninputs analyses include 2030 market yields current levels changes market indices bonds goldman sachs 2018 form"
}
{
    "_id": "dd4bd4c58",
    "title": "",
    "text": "15.\n financial statement schedules.\n morgan.\n.\n liquids terminals. revenue bonds january 15 2018 columbus. 50%. revenue 2022 25. 25\n morgan.-jackson-union. revenue bonds april 2024 23.\n marine terminals bonds march 15 2025 40.\n subsidiary debt.\n unamortized debt discount long-term debt. 3\n maturities long-term debt. -596. 6\n long-term debt 2013 10282. 10007.\n 2009-17 january 1 2010 balances business consolidated financial statements subordinated deferrable interest debentures.\n $ 500 million 9. notes february 1 2019 2008.\nholder repurchase february 1  2012 price equal 100% principal amount plus accrued unpaid interest repurchase date.\n 2012 interest.\n repurchase option irrevocable.\n morgan.\n 2028 2098 debentures 2012 2015 senior notes redeemable. redemption prices.\n 2027 debentures redeemable. after november 1 2004 prices.\n september 2 2010.\n paid remaining $ 1. million balance. 6. 50%. debentures due 2013.\n finance december 20 2010. public offering senior notes.\n issued $ 750 million 6. senior notes due january 15 , 2018.\n net proceeds $ 744. million principal 5. 35%. senior notes matured january 5  2011.\n2011 2016 2018 2036 senior notes kinder morgan finance redeemable at kansas. option redemption prices prospectus supplements.\n guaranteed by kinder morgan kansas.\n principal interest additional amounts withholding canadian taxes.\n capital trust. trusts obligated for $ 12. 7 million of 8. 56%. capital securities april 2027 $ 14. 4 million of. 63%. securities 2028.\n 2028 securities redeemable. redemption prices.\n 2027 securities redeemable. limited circumstances prices prospectus supplements.\n redemption morgan kansas.\n interest proceeds redemptions capital securities pro rata."
}
{
    "_id": "dd4be409a",
    "title": "",
    "text": "unit goodwill assets.\n 2013 recorded non-cash goodwill impairment charge $ 195 million net state tax benefits.\n 201ccritical accounting policies goodwill financial 2013 policies impairment.\n changes.\n tax laws retroactive audits tax expense affect profitability cash flows.\n proposals lower.\n corporate income tax rate reduce net deferred tax assets years.\n financial results differ.\n accounting policies 1 2013 accounting policies consolidated financial statements.\n.\n.\n.\n.\n december 31 2013 owned leased building space offices 518 locations.\n manage.\n government-owned facilities.\n operations palmdale california marietta georgia greenville south carolina fort worth san antonio texas montreal canada.\ninformation systems solutions goodyear sunnyvale colorado springs denver gaithersburg rockville valley forge houston.\n missiles fire control camden arkansas orlando lexington kentucky grand prairie.\n mission systems training orlando baltimore maryland moorestown.\n new jersey akron manassas virginia.\n space systems huntsville alabama sunnyvale denver albuquerque mexico newtown pennsylvania.\n corporate activities lakeland florida bethesda maryland.\n vacate leased facilities goodyear arizona akron newtown sunnyvale.\n closures 2. 5 million square feet complete 2015.\n restructuring.\n summary square feet floor space business segment december 31 2013 owned leased.\n.\n.\n.\nsystems solutions 2. 5 7 8.\n missiles fire control 4. 10.\n mission systems training 5. 8 11.\n systems 8. 7. 9 18.\n activities 3. 9\n 29. 21. 23. 74.\n facilities good.\n improve replace reduce."
}
{
    "_id": "dd4c40034",
    "title": "",
    "text": "duke realty corporation annual report 2009 evaluate development acquisition opportunities market outlook supply growth potential.\n future investments liquidity debt equity securities cash flow properties.\n management investment priorities growth.\n reduced new development activity core operations existing.\n liquidity recurring leasing expenditures real estate investments.\n summary recurring capital expenditures 2009 2008 2007 dividends distributions distribution requirements internal revenue code 1986 reit status.\n cash flow greater operating income.\n paid dividends per share $ 0. 76  $ 1. 93 $ 1. 91.\n expect distribute equal taxable earnings status additional amounts.\n distributions subject cash financial condition capital requirements.\n 2009 six preferred shares outstanding.\n annual dividend rates 6. 5%. 375%. paid arrears.\n2009 2007\n improvements 29321 36885 45296\n leasing costs 40412\n building improvements\n 79054 74814"
}
{
    "_id": "dd4c50d08",
    "title": "",
    "text": "equity repurchase obligations pnc include brokered home equity loans sold to private investors national city acquisition.\n pnc no longer brokered home equity lending limited to repurchases loans.\n repurchase activity in non- strategic assets portfolio.\n loan covenants representations warranties established through loan sale agreements investors loans investment quality.\n include compliance with loan criteria underwriting standards loan documents collateral valuation validity lien securing.\n breaches investors may request indemnify against losses repurchase loans.\n investigate claim conditions for indemnification repurchase met.\n indemnifications loss repurchases occur when insufficient evidence breach loan covenant loan.\n respond to equity indemnification repurchase requests within 60 days final resolution may longer.\nhome equity sale agreements penalties remedies indemnification repurchase requests.\n settled make-whole payments repurchases negotiate pooled settlements.\n repurchase indemnification repurchase.\n table unpaid balance unresolved home equity indemnification repurchase claims december 31 2012 2011.\n home equity unresolved indemnification repurchase claims millions.\n home equity loans\n brokered home equity loans 2005-2007.\n pnc financial services group.\n form 10-k"
}
{
    "_id": "dd4c1da48",
    "title": "",
    "text": "leases $ 92 million $ 80 million $ 72 million in 2002 2001 2000.\n future minimum lease payments noncancelable leases remaining terms one year as of september 28 , 2002 in millions concentrations sources supply materials product components essential available from multiple sources other components microprocessors circuits obtained from single limited sources.\n subject to industry availability pricing pressures.\n company uses components not common computer new products utilize custom components one source until additional suppliers.\n supply key single-sourced component vendor ship products.\n business financial performance time obtain quantities original source alternative.\n availability if producers common components instead customized.\n cpus logic boards assembled products manufactured by outsourcing partners asia.\n operating results if meet production obligations.\nseptember 27 2001 three shareholder class action lawsuits filed northern california against company chief executive officer.\n lawsuits identical common stock july 19 2000 september 28 2000.\n complaints allege violations 1934 securities exchange act seek damages.\n company believes claims.\n filed motion to dismiss june 4 2002 heard september 13 2002.\n december 11 2002 court granted failure cause action amend complaint thirty days.\n subject legal proceedings claims.\n potential liability financial condition liquidity results.\n results proceedings.\n results.\n parliament european union waste electrical electronic equipment directive.\n producers responsible collection recycling safe disposal products.\n governments by june 2004 producers' financial obligations start june 2005.\ncompany potential liability from directive expenses future substantial.\n laws regulations policies vary between states estimate liability future expenses.\n union financial impact.\n similar legislation other geographies federal cumulative impact significant.\n.\n 2003 $ 83\n 2004 78\n 2005 66\n 2006 55\n 2007 42\n 140\n minimum lease payments $"
}
{
    "_id": "dd4bb6186",
    "title": "",
    "text": "vertex pharmaceuticals financial statements.\n altus investment held 450000 shares redeemable preferred stock not convertible redeemable $ 10. 00 per share dividends $ 0. 50 per share since 1999.\n restricted trading securities six months.\n sold 817749 shares common stock $ 11. 7 million gain $ 7. 7 million august 2006.\n altus warrants derivative instruments financial accounting.\n.\n third quarter 2006 altus warrants $ 19. 1 million unrealized gain $ 4. 3 million.\n fourth quarter 2006 sold warrants $ 18. 3 million loss $ 0. 7 million.\n gain $ 11. 2 million.\ncompany 2019s policy assessed investment altus method adjustments write basis 2005 2006.\n basis value equity warrants altus $ 18. million december 31 2005.\n.\n accrued expenses current liabilities.\n leases facilities equipment non-cancelable leases.\n leases through april 2018.\n square lease 2003 payments may 2003.\n obligation build laboratory office space.\n lease 2018 extend two ten years expiring 2038.\n occupies 120000 square feet kendall square facility.\n sublease arrangements remaining rentable footage april 2011 august 2012.\n note 201d.\n research development contract costs $ 57761 $ 20098\n payroll benefits\n professional fees\n $ 91359 42061\n57761 20098 15832 fees 3848 91359 42061"
}
{
    "_id": "dd4bc729c",
    "title": "",
    "text": "2022 higher 2017 sales volumes cost savings restructuring productivity improvement initiatives growth investments 2016 currency exchange rates offset product development sales marketing growth investments 60 points profit margin impacted by 2022 dilutive effect acquired businesses 20 points 2016 price increases contributed 0. 3%. sales growth sales.\n transportation technologies grew high-single digit 2016 due strong demand dispenser payment point-of-sale systems environmental compliance vehicle fleet management products offset weaker demand compressed natural gas.\n reduced emv-related demand indoor point-of-sale solutions.\n demand increased dispensers payment systems.\n sales united states asia western europe.\n sales automation specialty components declined low 2016.\n improvement demand second 2016.\n2016 demand declined engine retarder north american heavy-truck market offset growth china europe.\n demand declined medical defense markets offset increased demand industrial automation china.\n sales declined north america offset growth western china.\n franchise distribution grew mid-single digit due increases franchisees growth demand professional tool storage united states.\n offset declines wheel service equipment sales.\n operating profit margins increased 70 points 2015.\n higher 2016 sales volumes pricing improvements cost savings restructuring productivity improvement tradenames costs growth investments product development marketing costs restructuring currency exchange rates 65 points effect acquired businesses 5 points cost sales gross profit.\n 2017 2016 2015\n sales $ 6656. 6224.\n cost sales -3357.3178.\n 3298. 5 3032. 3000.\n 49. 6%. 6 % 48. 7%. 7 %. 6%. 6 %\n increase cost higher volumes rates savings"
}
{
    "_id": "dd4c1d62e",
    "title": "",
    "text": "contents corporation subsidiaries.\n goodwill intangible assets changes reportable segment millions corporate business public consolidated balance december 31 2014 1045. 185. 911. 3 74. 5 2217. 6.\n millions corporate small business public consolidated\n december 31 2014 1045. 185. 911. 3 74. 5 2217. 6\n currency.\n 305. 305.\n december 31 2015 1045. 185. 911. 357. 2500.\n currency -45.\n services allocation 28. 18. -46.\n december 31 2016 1074. 185. 929. 265. 2455.\n currency 24.\n december 31 2017 1074. 185. 929. 290. 2479.\n 31 1074. 185. 929. 290. 2479.goodwill net impairment losses $ 1571 million $ 354 million $ 28 million corporate public segments.\n amounts small business reportable segment.\n january 1 2016 cdw advanced services business corporate public segments.\n canada cdw uk segments.\n small business performed quantitative analysis allocate goodwill corporate small business.\n 1 2017 fair values corporate small business units exceeded carrying values 227% 308% no impairment.\n december 1 2017 annual impairment analysis.\n qualitative analysis.\n fair values exceeded carrying values quantitative impairment analysis unnecessary.\n uncertainty impact referendum uk membership european union additional risk analysis.\n qualitative analysis appropriate uk reporting unit.\n quantitative analysis public canada reporting units.\nquantitative analysis determined fair value public canada units exceeded carrying values 179% 153% no impairment existed.\n completed annual impairment analysis.\n corporate public canada units analysis.\n determined fair values exceeded carrying values.\n quantitative impairment analysis unnecessary.\n uncertainty impact brexit performed quantitative analysis cdw uk reporting unit.\n fair value exceeded carrying value no impairment existed."
}
{
    "_id": "dd496e8ec",
    "title": "",
    "text": "31 94 liquidity payments long-term debt rental payments leases purchase obligations commitments december 31 2007 summarized table.\n payments less 1 year 1-3 years 3-5 5\n long-term debt $ 2302. $ 126. $ 547. 1174. 454.\n capital lease obligations 4.\n interest payments long-term debt 698. 142. 246. 156\n operating leases 218. 49.\n purchase obligations 6092. 2397. 3118. 576.\n stock repurchase agreements 131.\n 70.\n payments contractual obligations $ 9517. 2918. 3985. 1947. 667.\n 9517. 2918 3985. 667. amounts local currencies translated year-end exchange rates.\nvariable rate facilities based on interest rates hedging instruments.\n company purchase obligations include aluminum steel plastic resin materials.\n natural gas electricity aerospace technologies contracts less significant items.\n management best estimates.\n early termination payments vary.\n contributions defined benefit pension plans $ 49 million 2008.\n.\n benefit payments $ 66 million $ 70 million $ 74 million $ 77 million $ 82 million 2008 2012 total $ 473 million 2013 2017.\n payments unfunded german plans $ 26 million 2008 2012 total $ 136 million 2013 2017.\n a38 million guarantee.\n credit rating below contribute additional million provide letter credit lien on assets.\n guarantee approval trustees.\n share repurchase program 2007 $ 211. million $. 2006 $ 358. million 2005.\n.settlement january 5 2007 contract 2006 repurchase 1200000 shares.\n 2007 repurchases 675000 shares.\n settled january 7 2008 $ 31 million.\n december 12 2007 accelerated repurchase $ 100 million shares cash borrowings.\n $ 100 million january 7 2008 received 2 million shares 90 percent shares price.\n shares repurchased determined settlement 2008 adjustment average price.\n settle cash shares.\n repurchase $ 300 million shares 2008.\n dividends 40 cents per share 2007 2005.\n $ 40. 6 million 41 million 2006 42. 5 million 2005."
}
{
    "_id": "dd4c322cc",
    "title": "",
    "text": "united parcel service.\n financial condition operations liquidity capital resources december 31 2017 $ 4. 069 billion cash equivalents securities.\n current cash position long-term debt flow adequate capital expenditure dividend share repurchases long-term debt payments.\n funds commercial paper program alternative financing.\n optimize capital structure refinance debt fund cash needs.\n.\n 2016 2015\n net income $ 4910 $ 3431 $ 4844\n non-cash activities\n pension postretirement plan contributions -7794 -2668\n hedge margin receivables payables -732\n income tax receivables payables -550\n working capital non-current assets liabilities -178 -418\n activities\n net cash $ 1479 $ 6473 $ 7430\nrepresents depreciation amortization gains losses derivative transactions foreign exchange deferred income taxes uncollectible accounts pension postretirement benefit stock compensation non-cash items.\n strong 2015.\n variability company-sponsored pension postretirement benefit plans tax deductions.\n contributions.\n contributions.\n $ 7. 291  $ 2. 461 $ 1. 030 billion 2017 2016 2015.\n remaining contributions international pension.\n benefit plans.\n cash flow impacted working capital taxes hedge margin payables receivables.\n payments taxes $. 064. 913 billion impacted tax deductions.\n hedge margin collateral derivative counterparties $ 732 170 million due settlements contracts.\n worldwide holdings $ 4. 069 billion $ 1. 800 billion foreign subsidiaries.\ncash equivalents securities.\n subsidiaries factors timing receipts disbursements.\n.\n primary source domestic capital expenditures share repurchases dividend payments.\n cash equivalents securities subsidiaries available for distribution.\n without.\n federal income taxes.\n distributions subject to foreign withholding.\n state taxes.\n reinvested no taxes."
}
{
    "_id": "dd4c121fc",
    "title": "",
    "text": "consolidated financial statements jpmorgan chase.\n.\n 2007 annual report 25 2013 income after-tax change 115 gains losses afs securities 52 foreign currency translation adjustments 133 cash flow hedging 158 net loss service cost defined benefit pension opeb plans.\n translation unrealized gains defined benefit pension securities hedges opeb plans income balance december 31 2004 61 8 139 2014 208 change 163 418 balance december 2005 224 626 253 adjustment sfas 158 taxes 1102.\n unrealized gains losses afs securities translation adjustments cash flow hedges net loss service credit defined benefit pension opeb plans income\n balance december 31 2004 -61 -139 2014 -208\n net change -255 -418\ndecember 31 2005 -224 ( 224 -8 -394 2014 -626 ( 626 )\n change 253 -95 )\n adjustment 158 taxes -1102 1102\n december 31 2006 -489 -1557 ( 1557\n accounting principles\n balance january 1 2007 adjusted -489 -1102 1102 -1558\n change 352 -313 ( )\n balance december 31 2007 $ 380 -802 ( 802 ) -503 503 -917\n change december 31 2007 after-tax difference fair value amortized cost securities portfolio retained interests.\n net change 2005 higher interest rates unrealized losses securities sales.\n 2006 reversal losses.\n 2007 decline interest rates.\n 158 note 9 pages 124 2013130."
}
{
    "_id": "dd4bb655a",
    "title": "",
    "text": "advance auto parts .\n subsidiaries consolidated financial statements december 31 january 2 january 3 2015.\n used lifo 89% inventories december 31.\n cost sales recently purchased inventories carrying balance inventories purchased 2016.\n reduction cost sales $ 40711 $ 42295 2016 2015 increase $ 8930 2014.\n costs inventory decreased growth merchandise strategies.\n increase cost sales 2014 supply chain costs.\n remaining inventories product cores non parts batteries subsidiaries valued first-in first-out method.\n merchandise costs.\n no material difference lifo fifo valuation method.\n inventory overhead costs purchasing warehousing costs december 31 january 2 $ 395240 $ 359829.\n 2016 2015 december 31 january.\ndecember 312016 january 22016\n inventories fifo net $ 4120030 $ 4009641\n adjustments state inventories lifo 205838 165127\n net $ 4325868 $ 4174768\n inventory tracked perpetual inventory system.\n company completes physical inventories.\n cycle counting program.\n reserves established inventories loss trends.\n reserves excess obsolete inventories current inventory levels sales market conditions.\n return rights vendors excess inventory returned full credit.\n establishes reserves less than full credit expected prices below costs."
}
{
    "_id": "dd4bb0de4",
    "title": "",
    "text": "june 2011 fasb issued asu.\n 2011-05 income. requires net or two statements.\n present net income income.\n update eliminates option income stockholders equity.\n change items comprehensive income net.\n retrospectively effective interim annual reporting december 15 2011.\n company adopted guidance first quarter 2012.\n 2011-05 presentation purposes no impact consolidated financial statements.\n.\n used lifo method accounting 95% inventories december 29 2012 december 31 2011.\n cost sales reflects recently purchased inventories carrying balance inventories purchased 2012.\n reduction cost sales $ 24087 $ 29554 fiscal 2012 2010.\n increase cost sales $ 24708 fiscal 2011 supply chain costs inflationary pressures.\ncompany 2019s costs inventory products decreased growth merchandise strategies supply chain efficiencies.\n remaining inventories non-consumable parts batteries valued under first-in first-out method.\n cores merchandise costs passed customer or returned vendor.\n not cost changes no material difference lifo or fifo valuation method.\n inventory overhead purchasing warehousing costs at december 29 2012 31 2011 $ 134258 $ 126840.\n 2012 2011.\n inventories fifo net $ 2182419 $ 1941055\n lifo 126190\n $ 2308609 $ 2043158\n inventory quantities tracked perpetual inventory system.\n inventories counts.\n cycle counting program.\n auto parts.\nsubsidiaries consolidated statements 29 january 1 thousands share data"
}
{
    "_id": "dd4c52612",
    "title": "",
    "text": "compensation cost recognized vesting period arrangement.\n accelerated for retirement-eligible individuals.\n 30 2018 no unrecognized compensation cost stock option awards fully vested.\n cash $ 76. 2.\n total tax benefit $ 25. 8 $ 19. 0 excess tax benefit.\n grant-date fair value estimated closing price cost amortized to expense straight vesting period.\n expense recognition accelerated for retirement-eligible individuals.\n for forfeitures.\n.\n issued shares restricted stock officers.\n cash dividends.\n restrictions shares lift to four years retirement death disability.\n nontransferable subject forfeiture.\n restricted stock activity shares grant.\n 30 2017.\n vested.\n 30 2018.\n. unrecognized compensation cost restricted stock awards.\ncost recognized. 5 years.\n total fair value restricted stock 2018 2017 2016 $ 2. 2 $ 4. 1 $ 4. 3 .\n air products spin-off versum 1 october 2016.\n adjusted deferred stock units options anti provisions value.\n outstanding awards original vesting period.\n awards converted.\n awards adjusted conversion ratio price 30 2016 $ 150. 35 3 october 2016 $ 140. 38.\n adjustment incremental fair value no incremental compensation expense."
}
{
    "_id": "dd4974328",
    "title": "",
    "text": "entergy arkansas.\n subsidiaries income decreased $ 27. million nuclear refueling depreciation amortization expenses taxes interest income.\n 2015 increased $. million higher revenue lower operation maintenance expenses income tax rate depreciation amortization expenses.\n fuel gas power expenses regulatory charges. analysis change net revenue 2017 2016.\n.\n 2016 net revenue $ 1520.\n electric price.\n.\n retirement obligation.\n.\n.\n 2017 net revenue $ 1522.\n retail electric price variance formula rate plan rates billing cycle january 2017 increase base rates february 24 2016.\n base rate increase purchase power block 2 union power station 2016.\n offset energy efficiency rider.\n note 2 statements.\n 14 union power station purchase.\nopportunity sales variance revenue 2017 2016 orders wholesale.\n note 2 financial statements."
}
{
    "_id": "dd4b8f6f8",
    "title": "",
    "text": ".\n company 2019s annual reports 10-k quarterly 10-q current 8- k proxy statements amendments available free through internet website http://www. everestregroup. com after filed with securities exchange commission.\n.\n risk factors investment securities.\n business financial condition results operations trading price common shares decline.\n business fluctuations financial markets investment losses.\n disruptions public debt equity markets losses.\n financial markets improved could deteriorate.\n disruption market sectors.\n declines losses results operations equity business insurer financial strength debt ratings.\n results by catastrophic events.\n exposed acts terrorism.\n reduction operating results inhibit dividends meet interest principal obligations.\n catastrophe loss property exposures before reinsurance $ 10. 0 million corporate reinsurance taxes.\napril 1 2010 used threshold $ 5. million.\n past five years pre-tax catastrophe losses contract reinsurance before cessions corporate reinsurance.\n losses 2014 62.\n 2013 195.\n 2012 410.\n 2011 1300.\n 2010.\n losses future catastrophic events exceed projections.\n strategic underwriting.\n estimate losses retrocessional coverage.\n projections approximations losses exceed projections adverse effect financial condition results operations."
}
{
    "_id": "dd4be9c84",
    "title": "",
    "text": "entergy mississippi.\n financial utility transmission business retirement debt preferred securities.\n operations net income increased $ 23. million lower income tax rate.\n increased $ 6. million higher net revenue income taxes depreciation amortization expenses interest expense.\n operating revenues fuel expenses gas power expenses regulatory charges.\n analysis change net revenue 2011 2010.\n.\n 2010 net revenue $ 555.\n.\n equalization.\n.\n 2011 revenue $ 554.\n/weather decrease 97 gwh weather-adjusted usage residential commercial decrease sales volume unbilled.\n transmission equalization addition 2011 transmission investments.\n operating revenues power expenses increased increase $ 57. million wholesale revenues decrease $ 26. million power management rider revenue.\npower expenses increased deferred fuel expense higher revenues rates offset natural gas power."
}
{
    "_id": "dd4c4cc62",
    "title": "",
    "text": "2013 earnings per share average millions.\n 2011 2010\n average common shares basic computations 323. 335. 364.\n dilutive effect stock options restricted stockunits 4. 4.\n diluted 328. 339. 368.\n basic diluted earnings net earnings weighted average shares.\n earnings includes effects stock options vesting restricted stock units.\n excluded 8. million 13. 4 million 14. 7 million stock options 31 2012 2011 2010 anti-dilutive prices average market price stock.\n 2013 business segments products services.\n 31 five business segments aeronautics information systems missiles fire control mission systems training space systems.\n reorganization electronic systems alignment.\n management layers electronic systems global training logistics eliminated gtl business split new segments.\noperating results sandia corporation national laboratories.\n equity interest.\n atomic weapons establishment joint venture transferred electronic systems space systems.\n reorganization annual report.\n 2030 aeronautics 2013 research design development manufacture military aircraft unmanned vehicles.\n information systems solutions management services technology solutions civil defense intelligence government customers.\n missiles fire control defense systems tactical missiles-to-ground systems fire control systems operations logistics services unmanned ground vehicles.\n mission systems training combat systems missile defense systems radar mission systems sensors simulation training services unmanned technologies platforms integration training.\n space systems 2013 research design production satellites missile systems space transportation systems.\n national security systems.\n equity interests united launch alliance launch services.\ngovernment united space alliance space shuttle mission 2011 joint venture. atomic weapons program."
}
{
    "_id": "dd4b938f2",
    "title": "",
    "text": "ppg annual report form 10-k acquisitions 2018 2017 2016 smaller acquisitions.\n $ 108 million $ 74 million $ 43 million.\n january 2018 acquired procoatings architectural paint coatings wholesaler netherlands.\n distributes paint brands 23 stores.\n employs 100.\n results architectural coatings performance coatings.\n 2017 acquired automotive coatings futian xinshi guangdong.\n 200 distributors.\n january 2017 deutek. romanian paint architectural coatings manufacturer.\n manufactures markets paint brands!.\n 120 do-it-yourself stores 3500 retail outlets.\n 2017 strategic shift exit glass operations global fiber glass asian fiber glass joint ventures flat glass business.\n results gains cash flows discontinued operations.\nppg two reportable business segments.\n net sales income discontinued operations former glass segment 2018 2017 2016.\n net sales 2014 $ 217 $ 908\n income operations $ $ 30 $ 111\n gains divestitures\n tax expense\n discontinued operations tax $ 16 $ $ 330\n 2018 released $ 13 million accruals contingencies divestitures.\n final payment $ 20 million.\n. transfer pension obligations sale.\n nippon electric glass.\n.\n.\n proceeds $ 541 million pre-tax gain $ 343 million accruals contingencies.\n operations manufacturing chester lexington administrative research-development operations shelby harmar.\n 1000 net sales $ 350 million 2016 transportation energy infrastructure consumer markets.\noctober 2016 coatings vitro.\n.\n received $ 740 million cash pre-tax gain $ 421 million.\n divested operations production sites fresno california salem oregon carlisle falls texas distribution facilities canada research-development center harmar pennsylvania.\n 1200 employees.\n manufactures glass commercial residential construction.\n"
}
{
    "_id": "dd4977c4e",
    "title": "",
    "text": "results 2013 operating december 31 earnings return common equity goodwill.\n millions ratios 2004\n investment bank $ 3658 $ 2948 24% 24 % 18% 18 % 17% 17 %\n retail financial services 3427 2199\n card services 1274\n commercial banking 1007 608\n treasury securities services 1037\n asset wealth management 1216 681\n $ 10521  $ 8211 28% 28 % 17% 17 % 16% 16 %\n jpmorgan chase co.\n 2005 annual report.\n parent company costs corporate staff technology operations allocations market prices one-time items.\n 2005 refined cost allocation methodologies transparency consistency accountability.\n cost methodologies.\ncapital allocation business segment capital peer comparisons economic risk regulatory capital requirements.\n equity.\n merger capital allocated corporate.\n january 2006 refine methodology capital goodwill acquisitions.\n.\n allocation goodwill impairment testing accounting estimates note 15 pages 81 2013 83 114 2013116 annual report.\n capital management section page 56 equity framework.\n credit reimbursement portfolio.\n reimbursement methodology revised pre-tax earnings cost capital.\n earnings allocated capital.\n tax-equivalent adjustments results reflect revenues.\n non-gaap financial measures page 31 annual report.\n business segment reporting methodology reflect.\n allocates income expense market-based methodologies.\n merger july 1 2004 allocation methodologies revised.\nprior periods not revised methodologies not comparable third quarter 2004.\n firm assumptions methodologies reporting reclassifications segment reporting refinements may future.\n revenue sharing business segments share revenues.\n-sharing agreements revised merger consistency.\n funds transfer pricing interest income expense interest rate risk exposures.\n allocation unique considers interest rate liquidity regulatory requirements.\n retain interest rate exposures approval.\n third quarter 2004 revised policies combined firms.\n expense allocation services support units allocated.\n actual cost usage.\n third quarter 2004 cost allocation methodologies heritage firms aligned consistency segments.\n expenses corporate functions technology operations ceased"
}
{
    "_id": "dd4b9a558",
    "title": "",
    "text": "cgmhi borrowing arrangements no contractual lending obligation.\n reviewed flexibility short requirements.\n issues fixed variable rate debt.\n uses derivative contracts interest rate swaps convert.\n corresponds.\n derivative contracts foreign exchange impact debt.\n december 31 2008 weighted average interest rate long-term debt 3. 83%. 4. 19%.\n annual maturities long-term debt obligations millions dollars 2009 2010 2011 2013.\n citigroup parent company $ 13463 $ 17500 19864 21135 17525 102794\n subsidiaries 16198 18607 2718 4248\n citigroup global markets holdings. 2352\n citigroup funding. 17632 5381\n $ 88472 $ 41431 42112 27999 25955 133624\ndebt at december 2008 2007 includes $ 24060 million $ 23756 million junior subordinated debt.\n formed business trusts under delaware.\n issuing trust securities investing proceeds in debentures engaging activities necessary.\n approval federal reserve citigroup redeem securities.\n not to redeem purchase 6. 50%. securities xv before september 15 2056 6. 45%. before december 31 2046 6. 35%. xvii before march 15 2057 6. 829%. before june 28 2047 7. 250%. securities xix before august 15 2047 7. 875%. securities xx before december 15 2067 8. 300%. xxi before december 21 2067 exhibit 4. report 8-k 2006.citigroup report 8-k november 28 2006 exhibit 4. march 8 2007. july 2 2007. august 17 2007. november 27 2007. december 21 2007.\n agreements benefit holders citigroup 2019s 6.%. junior subordinated deferrable interest debentures due 2034.\n citigroup owns voting securities subsidiary trusts.\n no assets operations revenues cash flows issuance administration repayment securities.\n obligations guaranteed citigroup."
}
{
    "_id": "dd4c49544",
    "title": "",
    "text": "realty june 21 2002 purchased interest loan.\n loan extended one year modifications risk loss terrorism two 1-year renewal options.\n november 25 2003 $ 200000 4. 75%. unsecured notes due december 1 2010.\n interest payable semi-annually june 1st december 1st 2004.\n priced 99. 869%. yield 4. 772%.\n covenants 2002 maximum ratio secured debt assets 50%.\n net proceeds $ 198500 mortgage debt.\n july 3 2003 $ 600000 unsecured revolving credit facility replaced $ 1 billion.\n three-year term one-year extension option interest libor plus. 65%.\n seek $ 800000 commitments.\n covenants.\n net properties mortgages $ 4557065000 december 31  2003.\n principal repayments next five years.\n\n 2004 296184\n 2005 357171\n 2006 551539\n 2007 807784\n 2008 378841\n 1672866\n.\n equity shares february 25 2002 sold 1398743 shares closing price $ 42. 96.\n net proceeds approximately $ 56453000.\n dividends $ 3. 25 per annum per share.\n dividends cumulative payable quarterly.\n convertible conversion rate 1. 38504 shares per adjustment.\n redeem $ 3. 25 shares conversion rate. 38504.\n redeemable cash.\n dividends annual rate 8. 5%. liquidation preference $ 2. 125 per share per annum.\n dividends cumulative payable quarterly.\n not convertible exchangeable property securities.\n march 17  2004 redeem series b shares redemption price $ 25.share dividends redemption.\n series b shares maturity.\n redemption.\n redeemed march 17 2004 $ 25. per share $ 85000000 dividends.\n redemption exceeds carrying $ 2100000 original issuance costs.\n financial statements. 4/8/04"
}
{
    "_id": "dd4bb04e8",
    "title": "",
    "text": "notional amounts for derivative instruments transaction volume represent company exposure to credit market loss.\n credit risk amounts represent exposure to loss if counterparties.\n exposure to credit loss market risk vary as currency interest rates.\n table reflects notional credit risk amounts reflect gains losses.\n amounts upon settlement on market conditions.\n company enters master netting arrangements credit risk net settlement transactions.\n collateral security arrangements collateral when net fair value fluctuates from.\n presents derivative assets liabilities at gross values.\n net cash collateral received was $ 1. 0 billion september 26  2015 $ 2. 1 billion 27  2014.\n arrangements settle transactions with single net amount.\n potential effects rights set-off to derivative assets liabilities of $ 2.2 billion $ 1. 6 billion net derivative liabilities $ 78 million $ 549 million.\n with third-party cellular carriers wholesalers retailers resellers small businesses education enterprise government customers.\n collateral collateral limit credit risk.\n risk credit insurance requiring third-party financing loans leases.\n-financing arrangements between customer.\n recourse credit risk sharing.\n 2015 one customer 10% trade receivables 12% ( 12 % ).\n 27 2014 two customers 10% 16% % 13% 13 % ).\n cellular network carriers 71% ( 71 % ) 72% ( 72 % ) trade receivables.\n manufacturing vendors sale.\n purchases components.\nnon-trade receivables three vendors 38% 18% 14% september 26 2015 51% 16% 14% 27 2014.\n 2013 tables 2015 2014 millions property plant equipment.\n 2015\n land buildings $ 6956 $ 4863\n machinery equipment software 37038\n leasehold improvements\n property plant equipment 49257\n depreciation amortization -26786\n property plant equipment net $ 22471 $ 20624\n.\n 2015 form 10-k"
}
{
    "_id": "dd4c1e0e2",
    "title": "",
    "text": "tower corporation subsidiaries financial statements 2014 leases lease agreements vary industry.\n television radio broadcasters prefer long-term leases wireless communications providers five ten years.\n leases renewal options.\n escalation clauses leases straight-lined term.\n future minimum rental receipts lease agreements december 31 2002.\n 2003 $\n 2004 439959\n 2005 409670\n 2006 363010\n 2007 303085\n 1102597\n $ 3077509\n acquisition commitments tower assets $ 74. million.\n acquisitions properties no agreements.\n build-to-suit agreements construction tower sites.\n obligated construct 1000 towers five 650 mexico 350 brazil three years.\n renegotiating agreements reduce commitment no assurance.\n wholly owned subsidiary american radio systems spin-off 1998.\njune 4 , 1998 merger american radio cbs corporation consummated.\n outstanding shares common stock american radio distributed stockholders company ceased subsidiary american radio.\n company independent publicly traded company.\n agreed reimburse cbs tax liabilities incurred american radio.\n tax liabilities determined paid company.\n obligated under tax indemnification agreement cbs until june 30 , 2003.\n internal revenue service auditing tax returns cbs.\n additional tax liabilities reimburse cbs.\n anticipate estimate potential additional tax liabilities material financial position.\n not aware material obligations tax indemnity as december 31 , 2002.\n no amounts consolidated financial statements indemnification."
}
{
    "_id": "dd4c2403c",
    "title": "",
    "text": "changes 2008 2009 level 3 assets liabilities decrease trading securities $ 10. 8 billion transfers $ 6. 5 billion 2013 securities settlements $ 5. 8 billion 2013 subprime securities $ 4. 1 billion.\n $ 4. 9 billion.\n offset gains increase derivative assets $ 4. 3 billion settlements.\n decrease level 3 investments $ 6. 9 billion reduction $ 5. billion paydowns debt 2013 sales equity transfer securities $ 1. 5 billion losses $. 4 billion non- 2013 equity securities write-downs.\n decrease securities sold $ 9. 1 billion $ 8. 6 billion transfers.\n decrease long-term debt $ 1. 5 billion. terminations.\ntransfers between level 1 2 fair value significant transfers assets liabilities during 2010.\n not included tables.\n assets cost written down to fair value impairment.\n loans held-for-sale measured locom recognized fair value below cost period.\n fair value loans determined using quoted secondary-market prices.\n loans classified level 2 value.\n no quoted fair value determined using quoted prices similar adjusted attributes.\n table presents loans held-for-sale carried locom december 31 2010 2009 billions cost fair value level 2 3.\n cost fair value 2\n 31 2010 $. 2\n 31 2009."
}
{
    "_id": "dd4be518e",
    "title": "",
    "text": "acquisition keystone 2007 held common shares available-for-sale security.\n investment included assets unrealized gain excluded from earnings income.\n unrealized gain removed from income original cost common shares component purchase price.\n debt reflected on balance sheet cost.\n interest rate margins below fair value debt below carrying value.\n fair value term loans approximately $ 570 million at december 31  2009 compared carrying value $ 596 million.\n estimated fair value upfront cash payment.\n credit outflows.\n cash equivalents net trade receivables accounts payable fair value.\n market approach value financial assets liabilities life insurance deferred compensation liabilities interest rate swaps.\n.\n disclosures note 8. self-insure employee medical benefits.\n purchase stop-loss insurance limit liability exposure.\nself-insure property casualty risk automobile liability general liability workers compensation deductible insurance programs.\n premium costs expensed over contract periods.\n reserve for liabilities filed incurred ultimate cost.\n monitor new claims development trends insurance reserves.\n self-insurance reserves net claims deposits $ 0. 7 million $ 0. 8 million december 31 2009 2008.\n insurance reserves expenses.\n six-month warranty defects.\n record estimated warranty costs.\n changes warranty reserve.\n balance january 1 2008 $ 580\n 3681\n claims\n december 31 2008\n december 31 2009 $ 604"
}
{
    "_id": "dd4976682",
    "title": "",
    "text": "defined benefit pension plans 2019 $ 130 million retiree medical cash funding 2007 2008.\n 2007 no contributions $ 175 million retiree medical life insurance 2006 prepayments.\n benefit payments future service pension benefits.\n 2009\n sponsor nonqualified defined benefit plans limits.\n liabilities 2006 $ 641 million.\n $ 59 million 2006 58 million 2005 61 million 2004.\n foreign benefit plans.\n liabilities not material cash.\n rental expense $ 310 million 324 million $ 318 million 2006 2005 2004.\n future lease commitments 2006 $ 1. billion 288 million 2007 254 2008 211 2009 153 2010 118 2011 121.\n plant facilities equipment furnished.\n government short-term arrangements.\n14 2013 legal proceedings commitments party property litigation protection environment.\n probability adverse effect corporation.\n predict.\n matters include march 27 2006 subpoena grand jury northern district ohio.\n requests documents patents missile detection warning technology.\n cooperating government investigation.\n february 6 2004 contract claim indemnity remediation litigation costs former facility redlands california.\n sponsorship agreement boeing company 2001 prime contractor short range missile sram program.\n contractual indemnities.\n air force law.\n august 31 2004 denied claim.\n appeal pending armed services board contract appeals.\n august 28 2003 department justice complaints lawsuits civil false claims act western district kentucky.\n natural resources defense council.\n lockheed martin corporation.\n.\ntillson.\n lockheed energy systems.\n resource conservation recovery paducah diffusion plant"
}
{
    "_id": "dd4bccf58",
    "title": "",
    "text": "december 31 2013 future commitments leases purchase obligations.\n millions 2014 2015 2016 2017 2018\n lease obligations $ 171 $ 133 $ 97 $ 74 $ 59 162\n purchase obligations 3170 642 529 453 2404\n $ 3341 $ 903 $ 739 $ 603 $ 512 2566\n $ 3. billion fiber supply agreements 2006 forestland sales 2008 acquisition weyerhaeuser.\n rent expense $ 215 million 231 million $ 205 million 2013 2012 2011.\n representations warranties indemnify tax environmental liabilities breaches warranties.\n recorded cost transaction.\n responsible party environmental remediation.\n cleanup hazardous substances commercial landfills.\njoint liability authorized under cercla state laws cleanups allocated among parties.\n remedial costs recorded in financial statements.\n international paper liability $ 94 million at december 31 2013.\n closed wood treating facility minnesota.\n international paper submitted epa remediation feasibility study.\n 2011 proposed soil remedy estimated cost $ 46 million.\n overall remediation reserve $ 51 million.\n october 2011 epa final soil remedy decision delayed.\n expensive remediation costs could higher than.\n october 2012 natural resource trustees damage assessment.\n premature to predict estimate loss.\n remediation costs hazardous substances facilities approximately $ 42 million at december 31  2013.\n remedial actions not effect on consolidated financial statements.\nkalamazoo river company responsible allied paper. portage creek/kalamazoo river superfund site michigan.\n asserts site contaminated pcbs discharges paper mills.\n regis paper company.\n.\n successor.\n.\n received orders epa information liability.\n premature estimate loss.\n company defendant georgia-pacific consumer products fort james corporation georgia pacific llc contribution cost recovery action pollution.\n suit seeks contribution $ 79 million costs plaintiffs future remediation costs.\n mill.\n discharged pcb contaminated solids paper residuals recycling.\n defendants ncr corporation weyerhaeuser company.\n suit transferred eastern wisconsin western"
}
{
    "_id": "dd4c28682",
    "title": "",
    "text": "marathon oil corporation financial statements shares 2013 acquisition western board directors authorized voting preferred stock 6 million shares.\n issued 5 million shares trustee holds shares benefit holders exchangeable shares.\n each share voting preferred stock one vote matters marathon common stock.\n holder direct trustee vote equal marathon common stock exchange.\n votes trustee preferred stock exceed exchangeable shares.\n common stock voting preferred stock vote single class election directors marathon matters.\n voting preferred stock no other voting rights law.\n dividends shares no dividend distribution holder.\n liquidation dissolution marathon holder receive assets.\n not convertible into capital stock marathon cash property rights not redeemed.\n.\n leases facilities equipment land building space office equipment production facilities transportation equipment.\nlong-term leases include renewal purchase options.\n future commitments capital lease obligations sale-leasebacks operating obligations noncancelable terms operating obligations.\n 2009 181\n 2010\n 2011\n 2012\n 2013\n sublease rentals\n minimum lease payments $ 657 $ 967\n less interest costs\n net lease payments $ 459\n capital lease obligations $ 335 million assets construction december 31 2008.\n long-term debt $ 126 million.\n sales assumed leases equipment united states steel.\n obligations obligated for payments leases.\n minimum payments $ 21 million equal amount sublease rentals.\n $ 459 million lease payments $ 69 million obligations united states steel."
}
{
    "_id": "dd4c5fd4e",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries management 2017 $ 23 billion $ 20 billion long- term $ 3 billion liquidity products acquisition verus investors $ 5 billion equity outflows divestiture investment.\n average monthly assets asset class.\n.\n alternative investments $ 171 $ 162 149\n equity 329 292\n fixed income 665 633 578\n long-term 1165 1087 983\n liquidity products 352 330 326\n $ 1517 $ 1417 $ 1309\n.\n assets supervision increased net inflows liquidity products fixed income equity.\n offset depreciation assets equity global equity prices decreased.\n average assets long-term liquidity products unchanged 2017.\n asset prices net revenues investment management.\n2017 investment management higher asset prices equity fixed income.\n long-term assets increased.\n offset outflows liquidity.\n assets shifted long-term.\n.\n net revenues $ 7. 02 billion 13% 13 % higher 2017 higher incentive fees.\n standard.\n transaction revenues higher.\n.\n. assets increased $ 48 billion to $ 1. 54 trillion.\n long-term assets decreased $ 4 billion market depreciation $ 41 billion equity assets offset inflows $ 37 billion fixed income equity.\n liquidity products increased $ 52 billion.\n operating expenses $ 5. 27 billion 10% higher 2017 revenue recognition standard increased compensation benefits expenses.\n pre-tax earnings $ 1. 76 billion 24% 24 % higher 2017.\n.\n.\n net revenues.2017 7% higher 2016 management fees assets transaction revenues.\n assets increased 115 billion $ 1. 49 trillion.\n long-term assets increased 128 billion market appreciation $ 86 billion equity fixed income inflows $ 42 billion 5 fixed income.\n liquidity products decreased 13 billion 3 billion.\n operating expenses $ 4. 80 billion 3% higher 2016 compensation benefits expenses revenues.\n pre-tax earnings $ 1. 42 billion 25% higher.\n"
}
{
    "_id": "dd4b8e8f2",
    "title": "",
    "text": "management discussion analysis financial condition results operations 2013 amounts millions financing activities cash 2015 related repurchase common stock payment dividends.\n repurchased 13. 6 shares stock cost $ 285. dividend payments $ 195.\n cash financing 2014 purchase long-term debt repurchase common stock payment dividends.\n redeemed $ 350. 6. 25%. notes repurchased 14. 9 shares common stock cost $ 275. dividend payments $ 159.\n offset issuance $ 500. principal 4. 20%. notes.\n foreign exchange rate changes effect cash equivalents decrease $ 156. 2015.\n.\n dollar stronger foreign currencies.\n foreign exchange rate changes cash equivalents decrease $ 101. 2014.\n.\n dollar stronger foreign currencies.\n balance sheet data 31\ncash equivalents marketable securities $ 1509. 7 $ 1667.\n short-term borrowings $ 150. $ 107.\n long-term debt.\n-term debt 1610. 1612.\n total debt $ 1762. $ 1722.\n cash flow equivalents requirements twelve months.\n corporate credit facility uncommitted facilities.\n disciplined liquidity flexibility cash capital expenditures acquisitions common stock repurchase dividends.\n evaluate market conditions financing alternatives improve liquidity risk.\n capital markets depends factors credit rating.\n guarantee liquidity.\n operations lease obligations capital expenditures acquisitions common stock dividends taxes debt service pension postretirement plans.\n payments minority shareholders."
}
{
    "_id": "dd4bb43c2",
    "title": "",
    "text": "table presents estimated future amortization deferred stock compensation cost revenue operating expenses fiscal year.\n 2004 $ 3677\n 2005 2403\n 2006 840\n 2007 250\n amortization $ 7170\n impairment intangible assets.\n 2002 recognized charge $ 3. 8 million prior acquisitions estimated fair value.\n $ 3. 7 million $ 0. 1 million integration expense amortization.\n attributable technology acquisition stanza.\n.\n!.\n future sales.\n 2001 recognized impairment charge $ 2. 2 million acquisitions estimated fair value.\n $ 1. 8 million $ 0. 4 million cost revenues amortization.\n attributable technology eagle design automation.\n.\n resources.\n future sales eagle product.\n no impairment charges fiscal 2003.\n.\n $ 24.2003 gain $ 20. million rental income $ 6. 3 million interest $ 5. 2 million impairment charges $ 4. 5 million foundation contributions $ 2. 1 million interest expense $ 1. 6 million.\n income $ 208. 6 million 2002 $ 240. million cadence design systems.\n $ 11. 3 million impairment charges gains $ 22. 7 million $ 3. 1 million termination fee ikos systems.\n merger rental income $ 10. million interest $ 8. 3 million expenses foreign exchange.\n $ 83. 8 million 2001 gain $ 10. 6 million sale silicon libraries. $ 5. impairment charges gains $ 55. 3 million rental income $ 8. 6 million interest $ 12. million miscellaneous $. million\n ikos systems.\njuly 2 2001 merger reorganization ikos systems.\n acquisition shares ikos stock synopsys."
}
{
    "_id": "dd4bc37b4",
    "title": "",
    "text": "company encountered quality issues aircraft carrier construction virginia-class submarine construction program newport news location.\n filler metal pipe welds 2007 non-nuclear weld inspection weapons handling equipment purchased material quality issues 2009.\n resolution financial position results operations cash flows.\n estimated cost remediation accrued probable facilities sites potentially responsible party costs estimated management.\n include litigation costs asset retirement obligations.\n management estimates remediation costs facts technology experience.\n estimates reviewed periodically adjusted reflect facts legal circumstances.\n estimates 2011 probable future costs environmental remediation $ 3 million  accrued current liabilities.\n estimates include modification remedial actions time changes legally responsible parties extensive contamination changes laws regulations improvements remediation technology.\nprps pay remediation costs company may incur costs exceeding estimated.\n potential remediation sites where costs.\n estimated liability future remediation expenditures financial position results operations cash flows.\n uses standby letters credit surety bonds insurance companies support self-insured workers compensation plans.\n december 31 2011 $ 121 million standby letters credit issued $ 297 million surety bonds outstanding.\n.\n.\n advises of claims costs.\n company.\n government representatives merits amounts claimed.\n financial position results cash flows.\n maintains good relations with 38000 employees 50% covered by 10 collective bargaining agreements.\n renewals agreements 2013 2015 expiration.\n agreements expire after three to five years subject to renegotiation.\n expected results results.\nexpense $ 44 million 2011 2010 48 million 2009.\n sublease rental income.\n commitments long leases five years millions.\n 2012 $ 21\n 2014\n 2015\n 2016\n $"
}
{
    "_id": "dd4b8fc2a",
    "title": "",
    "text": "h o l.\n 2 0 2 contractual obligations company contracts with third parties future payments.\n table illustrates 2019s contractual obligations 1 1 - 3 4 - 5 5.\n less than 1 year 1 - 3 years 4 - 5 years after 5 years\n short-term debt $ 156. $ 2013\n operating leases 36. 8.\n purchase commitments 25. 2013\n contractual obligations $ 218. $ 190. 12. $.\n accounting policies historical patterns use physical assets financial results.\n financial selection accounting policies methods.\n accounting standards 2018.\n impairment disposal of long-lived assets management.\n reviews property plant equipment for revenue recognition revenue product carrying value asset.\n.\nimpairment loss recognized transactions estimated future cash flows asset revenue title passed customers less than carrying amount.\n shipment.\n estimated returns allowances derivative financial instruments reduction sales revenue accounting policy derivative.\n critical inventories determine terms hedging instrument same as balance sheet inventory hedged transaction.\n unsaleable documentation cost.\n reserves.\n adjust inventory to net realizable value.\n derivative instruments hedging activities. reserves evaluates stock levels recognize changes market value demand products.\n instruments earnings.\n algorithms data monitors estimates.\n changes valuation reserves compliance documentation conditions competitive offerings.\n.\n information inventory stock compensation applies reserves notes consolidated financial.\n stock statements.\nemployees accounting stock-based instruments no compensation expense surgical instruments recognized fixed stock option plans orthopaedic procedures products.\n options granted fair market value.\n.\n accounting policy stock-based compensation cost instruments expense alternative accounting stock options instruments.\n option pricing model.\n alternative depreciate cost adopted disclosure requirements instruments useful lives.\n.\n.\n change compensation-transition disclosure. accounting policy compensation expense.\n method consolidated financial statements.\n property plant equipment estimated useful lives"
}
{
    "_id": "dd4bcbde2",
    "title": "",
    "text": "natural gas production lower 48 states.\n sold bid-week prices.\n prices stable decline began 2011 continued 2012 february $ 2. 68 per mmbtu.\n.\n impairment charge may necessary.\n major gas-producing regions eg.\n gas prices higher.\n sales subject term contracts prices less volatile.\n fixed natural gas prices not track market price movements.\n oil sands mining revenues correlate market prices crude oil.\n two-thirds output mix track one-third canadian heavy sour crude oil.\n impacted operational problems outages.\n operating cost structure fixed costs downtime.\n per-unit costs sensitive production rates.\n variable costs natural gas diesel fuel commodity markets.\n declined.\n natural gas prices operating costs.\n table benchmark prices revenues variable costs.\n\n crude oil bbl $ 95. $ 79. 61 62.\n western canadian select 77. 97 65. 31.\n aeco natural gas sales index mmbtu $ 3. 68. 89.\n crude oil bbl $ 95. 79. canadian. natural gas sales index $ 3. 68. 89. 49 monthly pricing differentials.\n.\n production marketing products natural gas lng methanol.\n lng trade 2011 241 mmt.\n.\n prices.\n.\n tied henry hub prices.\n indexed crude oil prices.\n 60 percent ownership lng production facility equatorial guinea long-term henry.\n sales 4. 3. 7 mmt 3. 9 mmt 2011 2010 2009.\n 45 percent interest methanol plant equatorial guinea.\nsales methanol 1039657 850605 960374 tonnes 2011.\n ampco earnings.\n supply-demand prices.\n world demand 55. 4 mmt.\n plant capacity. mmt 2 percent demand.\n spin-off june 30 acquired position eagle ford shale south texas added reserves e&p 307 mmboe 212 percent reserve replacement ratio"
}
{
    "_id": "dd4bca276",
    "title": "",
    "text": "biomet holdings.\n 2015 report statements redemption.\n merger notes. senior notes due 2021 redeemed premium six months maturity date.\n repaid biomet senior notes merger.\n interest $ 2798. million.\n call premium.\n recognized $ 22. million non-operating expense.\n estimated fair value 31 $ 8837. 5 million.\n japan term loan $ 96. 4 million.\n carrying value.\n fair value.\n interest rate swap agreements rate obligations senior notes due 2019 2021.\n.\n uncommitted credit facilities $ 35. 8 million.\n average interest rate long-term borrowings 2. 9 percent 3. 5 percent.\n paid $ 207. million $ 67. 5 million $ 68. 1 million interest 2015 2014 2013.\n.\nincome refers gains losses excluded net earnings stockholders equity.\n reclassified net earnings events.\n foreign currency translation adjustments unrealized gains losses cash flow hedges-for-sale securities amortization prior service costs gains losses defined benefit plans.\n foreign currency translation adjustments reclassified net earnings sale liquidation foreign.\n gains losses cash flow hedges reclassified net earnings.\n gains losses available-for-sale securities reclassified before maturity loss-temporary.\n defined benefit plans reclassified over service periods.\n allocated inventory direct labor costs.\n note 15.\n table shows changes components oci foreign currency translation hedges unrealized gains securities.\n balance december 31 2014 $ 111. 8 $ 70.\nreclassifications -305. 2 305. 52. 7. 6.\n -93. 93. 9.\n 31 2015. 4 193. 4 29. 8. 6. -164. 8"
}
{
    "_id": "dd4bb5402",
    "title": "",
    "text": "intangible assets amortized estimated lives accelerated economic use.\n remaining amortization expense recognized-average. 9 years.\n operations $ 7. 4 million $ 9. 3 million $. 2 million 2009 2008 2007.\n expects annual amortization expense.\n 2010 $ 5425\n 2011 $ 1430\n.\n foreign subsidiaries received grants agencies.\n capital employment research development grants.\n netted against capital expenditures amortized credit depreciation expense life.\n research development recognized earnings.\n.\n translation foreign currencies local currency.\n gains losses.\n dollars recorded accumulated income.\n gains losses foreign currency assets liabilities manufacturing operations.\n.\n gains losses not material 2009 2008 2007.\n.\n foreign currency exchange contracts offset exposures currency exchange rates.\nexposures from company operations assets liabilities denominated in.\n primarily euro include philippine peso british pound.\n foreign currency exchange contracts normal business not speculative.\n contracts for periods consistent with one year or less.\n hedges related to cash flow hedges evaluated monthly.\n instruments to eliminate foreign currency exposures.\n contract effectiveness calculated fair value to gain reported as income equity reclassified into earnings.\n residual change in fair value recognized in income/expense.\n company enters foreign currency contracts gains losses remeasurement of assets liabilities in non-functional currency.\n changes in fair value of hedges recognized in/expense.\n.\n financial statements 2014"
}
{
    "_id": "dd4c38e74",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014 assets liabilities interest rate swap agreements 31 2006 first half 2007.\n paid $ 8. million treasury rate lock agreement 31 2008.\n additional interest expense 10-year term.\n received $ 3. 1 million cash settlement ten interest rate swap agreements $ 1. 4 billion cash flow hedges 2007.\n settlement reduction interest expense five-year period.\n received $ 17. million cash thirteen interest rate swap agreements $ 850. million not cash flow hedges.\n gain income consolidated statement operations december 31 2007.\n income derivative financial instruments.\n deferred loss settlement treasury rate lock net tax $ -4332 $ -4901\n deferred gain settlement interest rate swap agreements securitization\nlosses interest rate swap agreements tax\n 2008 2007 company recorded net loss $ 15. 8 million $ 3. 2 million tax provision $ 10. 2 million $ 2. million loss value interest rate swaps cash flow hedges reclassified $ 0. 1 million $ 6. 2 million income tax $ 2. million $ 3. million results operations.\n.\n determines values financial instruments fair value hierarchy.\n maximize observable inputs minimize unobservable inputs.\n standard three levels inputs fair value.\n 1 quoted prices active markets assets.\n available-for-sale securities treasury securities.\n 2 observable inputs quoted prices similar assets inputs."
}
{
    "_id": "dd4c657f8",
    "title": "",
    "text": "jpmorgan chase.\n 2008 annual report $ 1. billion securities exchange commission net capital less $ 5. billion market credit risk standards capital rule.\n december 31 2008 net capital minimum notification requirements.\n october 1 2008.\n securities.\n merged stearns.\n. name.\n.\n.\n clearing. subsidiary clearing settlement services.\n december 31 2008.\n. net capital $ 4. billion exceeded minimum requirement $ 3. billion.\n 2009 reduced stock dividend $. 38 $. 05 per share april 30.\n quarterly dividends $. 38 2008 2007 $. 34 first 2006.\n dividend policy reflects earnings outlook dividend payout ratios capital alternative investment opportunities.\n restrictions.\n page 84 24 29 205 211 page.\ntable shows dividend payout ratio net income.\n.\n 2007\n 114% 114 % 34% 34 %\n firm issued $ 6. billion $ 1. billion stock april 23 august 21 2008.\n october 28 issued.\n $ 25. billion preferred stock warrant purchase 88401697 shares common stock.\n note 24 pages 205.\n september 30 2008 issued $ 11. billion 284 million shares common stock $ 40. 50 per share.\n 25 pages.\n 31 2008 stock.\n repur chased 168 million shares $ 8. 2 billion average price per share $ 48.\n approved 2007 repurchase program repurchase $ 10. billion $ 8. billion 2006.\n. plans.\nshares subject to factors market conditions legal considerations capital position internal capital generation investment opportunities.\n repurchase program price targets timetables executed open market privately rule 10b5-1 programs suspended.\n rule 10b5-1 repurchase plan. purchases predefined plan.\n december 31 2008 $ 6. 2 billion repurchase capacity remained current stock repurchase program.\n restrictions capital purchase program page 84 note 24 pages 205 annual report.\n information part ii  item 5 page 17 jpmorgan chase 2019s 2008 form 10-k."
}
{
    "_id": "dd497875c",
    "title": "",
    "text": "part ii item 5.\n market 2019s equity matters issuer purchases.\n 2019s common stock listed new york stock exchange.\n separation alcoa traded symbol 201caa. 201d november 1 2016 changed stock symbol. october 5 2016 shareholders approved 1-for-3 reverse stock split.\n 3 shares combined one value share.\n reduced 1. 3 billion to 0. 4 billion authorized shares 1. billion to 0. 6 billion.\n began trading reverse stock split-adjusted october 6  2016.\n two companies alcoa corporation.\n pro rata distribution 80. 1%. outstanding shares alcoa corporation shareholders.\n shareholders received one share alcoa stock three shares.\n retained 19. 9%. outstanding common stock alcoa separation.\ntable high low sales prices quarterly dividend amounts common stock new york stock exchange adjusted reverse stock split october 6 2016.\n prices fourth quarter 2016 reflect separation alcoa corporation november 1 2016 not comparable pre-separation prices earlier periods.\n 30. 66 18. 42. 51. 37. 95.\n 34. 26. 42. 33.\n 32. 27. 23.\n separation november 1 2016 32. 16. 75. 23.\n 34. 16. 75. 51. 23.\n number holders common stock 12885 february 23 2017."
}
{
    "_id": "dd4bdca34",
    "title": "",
    "text": "capital resources liquidity generated via earnings businesses.\n augmented through common stock convertible preferred stock subordinated debt equity employee benefit plans.\n capital used assets absorb market credit operational losses.\n uses dividends repurchase common stock restricted during 2008.\n 2013 programs equity pages 2 9 44 47 95.\n citigroup capital management framework sufficient capital risk profile regulatory standards guidelines external rating agency considerations.\n overseen by senior management reviewed at consolidated legal entity country level.\n through finance asset liability committee.\n decision-making.\n financial structure asset levels return hurdles funding capital markets plan interest-rate risk corporate bank liquidity impact currency translation.\n earnings capital.\n capital targets for citigroup subsidiaries.\ndecember 31 2008 targets exceeded regulatory standards.\n preferred stock company issued $ 45 billion preferred stock warrants $ 12. 5 billion convertible $ 11. 7 billion non $ 3. 2 billion $ 4. 9 billion common stock.\n january 23 2009 $ 12. 5 billion conversion price reset $ 31. 62 share $ 26. 35 share.\n 79 million additional common shares.\n no impact net income equity capital ratios.\n retained earnings additional paid-in capital $ 1. 2 billion.\n risk-based capital ratio guidelines federal board.\n 1 total capital.\n 1 debt loan loss reserves.\n risk-weighted assets.\n unfunded foreign exchange contracts.\n subject leverage ratio requirement tier 1 capital.\ncapitalized federal bank tier 1 capital ratio 6% total capital ratio 10% leverage ratio 3% not frb directive capital levels.\n citigroup maintained 201cwell capitalized 201d position 2008 2007.\n capital ratios.\n 1 capital 11. 92%. 92 %. 12%. 12 %\n total capital 1 2.\n.\n. 1 capital.\n events 2008 transactions.\n citigroup capital ratios.\n involvement impact capital ratios.\n future operations affect capital off-balance-sheet assets consolidation sale treatment capital ratios.\n note 23 consolidated financial statements liquidity facilities subordinate interests."
}
{
    "_id": "dd4bdf694",
    "title": "",
    "text": "direct activities control economic performance.\n obligation absorb losses receive benefits not primary beneficiary consolidate fixed-price purchase options not significant.\n future minimum lease payments totaled $ 3. 0 billion december 31  2014.\n.\n leases locomotives freight cars.\n consolidated included $ 2454 million 1210 million depreciation $ 2486 million net 1092 million depreciation.\n charge income depreciation included depreciation expense.\n future minimum lease payments operating capital leases capital leases.\n 2015 $ 508 $ 253\n 2016 249\n 2017 246\n 2018 224\n 2019\n 1625 745\n minimum leasepayments $ 3725 $ 1927\n interest\n $ 1520\n 95% capital lease payments relate to locomotives.\nrent expense leases month $ 593 million 2014 $ 618 million 2013 $ 631 million 2012.\n variable rental expense lease term.\n contingent sub-rentals not significant.\n.\n commitments contingencies claims lawsuits pending subsidiaries.\n effect operations financial liquidity recorded liability.\n lawsuits environmental costs commitments contingent liabilities guarantees operations financial condition liquidity insurance recoveries.\n cost injuries cost incidents.\n actuarial analysis expense liability.\n federal employers 2019 liability act compensation work-related accidents.\n damages assessed fault settlements.\n services rehabilitation programs employees injured work.\n personal injury liability not discounted uncertainty timing future payments.\n 93% liability asserted 7% unasserted claims december 31 2014.\n"
}
{
    "_id": "dd4bf0cc8",
    "title": "",
    "text": "effective january 1 2011.\n employees including.\n legacy bgi participate brsp.\n assets two bgi plans 401k retirement plan merged into brsp.\n employee contributions to 8% eligible compensation matched company 50%.\n annual retirement contribution 3-5% 3-5 % ) compensation.\n blackrock institutional trust company 401 k savings plan assumed 401 plan former bgi.\n employee contributions one year service matched 200% pre-tax contributions to 2% 2 % base salary overtime 100% next 2% base salary overtime.\n maximum matching contribution 6% base salary.\n bgi plan expense $ 12 million december 31 2010.\n january 1 2011 assets merged into brsp.\n blackrock institutional retirement plan assumed contribution money pension plan.\nemployees former bgi affiliates.\n.\n payroll eligible participate.\n earning less than $ 100000 company contributed 6% 6 % compensation up to $ 100000.\n earning $ 100000 or more contributed 6% salary overtime up to $ 245000 2010.\n contributions 25% vested two years service 25% additional year.\n employees five or more years service retirement 100% vested.\n retirement plan expense $ 13 million december 2010.\n 2011 assets merged into.\n blackrock group personal pension plan subsidiary contributes.\n contributes 6% 15% eligible compensation.\n expense $ 22 million $ 13 million $ 16 million years 2010 2009 2008.\n japan germany luxembourg.\n benefits frozen closed new participants.\n 2008 transferred into new contribution plan future.\nbenefits change salary increases years service.\n company assumed defined benefit pension plans japan germany closed new participants.\n plans merged into blackrock plans japan germany.\n 2010 2009 assets $ 19 million $ 10 million unfunded obligations less than $ 6 million $ 3 million recorded accrued compensation consolidated statements.\n benefit payments next five years.\n assets $ 16 million invested total return investment approach mix equity debt preserve values diversify risk return.\n strategies asset allocations based liabilities funded status.\n.\n target allocations 45-50%.\n equity securities 50-55%.\n fixed income securities 0-5% cash equivalents.\n table fair value defined benefit japan plan assets december 31 2010 by asset category.\n inputs.\n.\n\n cash equivalents $ 9 2014\n equity securities 4\n fixed income securities\n plan assets $ 13\n assets unfunded obligation defined benefit pension plan germany jersey immaterial financial statements december 31 2010.\n united kingdom assumed benefit plan former bgi employees.\n 2010 2009 2008 expenses unfunded obligations immaterial financial statements.\n assumed requirement medical benefits"
}
{
    "_id": "dd4c18d4a",
    "title": "",
    "text": "jpmorgan chase co. annual report 103 risk derivatives portfolio.\n firm 2019s risk management process wrong-way risk increased correlation exposure counterparty credit quality.\n factors influence correlations.\n firm adjust cva avg.\n manages exposure credit transactions interest rate foreign exchange equity commodity derivative transactions.\n graph shows exposure profiles 2019s derivatives portfolio next 10 years peak dre avg metrics.\n exposure first year no new trades.\n exposure profile derivatives measures december 31 2016 billions table summarizes ratings profile derivative counterparty firm 2019s derivative receivables.\n ratings scale based firm 2019s internal ratings s&p moody 2019s.\n ratings profile derivative receivables 2016 2015 31 exposure net collateral % collateral.\naaa/aaa to aa-/aa3 $ 11449 28% 28 % ) $ 10371 24% 24 % )\n a+/a1 to a-/a3 8505 20 10595 25\n bbb+/baa1 to-/baa3 13127 32 13807\n bb+/ba1 to b-/b3 7308 18 7500 17\n ccc+/caa1 984  824\n $ 41373 100% 100 % ) $ 43097\n prior period amounts revised current.\n firm uses collateral agreements mitigate credit risk.\n transactions 2014 90% 90 % ) december 31 2016 unchanged 87% 87 % december 2015.\n market-maker credit risk.\n note 6.\n mitigate credit risk traditional lending.\n table.\n note 6.\nfirm uses credit derivatives exposures including credit risk securities market-making businesses.\n not included in credit portfolio management information see derivatives note 6."
}
{
    "_id": "dd4bdc296",
    "title": "",
    "text": ".\n international paper monitors credit quality non performance.\n capital stock december 31 2006 2005 990850000 shares common stock $ 1 par value 400000 $ 4 preferred stock 8750000 serial preferred stock $ 1 par value.\n issuable without shareholder action.\n 2006 authorized share repurchase program $ 3. 0 billion stock.\n purchased 38465260 shares common stock $ 36. 00 per share costs total cost $ 1. 4 billion.\n december 2006 purchased 1220558 shares common stock $ 33. 84 per share total cost $ 41 million.\n 454 million shares common stock outstanding.\n retirement.\n maintains employees hired prior 1 2004.\n one year service age 21.\n after 2004 receive additional company contribution savings plan.\nplans provide benefits service final earnings hourly rates benefit rates.\n interna paper contributions costs equal employee retirement income security act.\n contributions $ 1. 0 billion plan 2006 2007.\n two unfunded nonqualified pension plans pension restoration plan 2004 supplemental retirement plan senior managers vice dents.\n nonqualified plans funded benefits paid expected $ 41 million in 2007.\n net pension expense service cost value benefits.\n increase projected benefit obli.\n expected return on plan assets current earn estimated long-term rate return.\n qualified nonqualified.\n defined benefit plans millions 2006 2005 2004.\n service cost $ 141 $ 129\n interest cost 506 474 467\n expected return on plan assets -540 ( 540 -556 556 -592 592\nloss 243 167\n service cost 27\n pension expense 243\n excludes 9. 6. 5 million. 4 million 2006 2005 2004 curtailment losses 8. 7. million termination benefits cost reduction facility rationalizations restructuring.\n excludes 77. 2 million 14. 3 million 2006 2005 curtailment losses 18. 6 7. 6 million termination bene fits net losses impairments."
}
{
    "_id": "dd4c619b4",
    "title": "",
    "text": "consumer loan balances unearned income.\n billions 2008 2007 2006\n-balance-sheet $ 515. $ 557. $ 478. $ 548. $ 516. $ 446.\n securitized receivables 105. 108. 99. 106. 98. 96.\n credit card receivables held-for-sale 2014.\n $ 621. $ 666. $ 577. $ 656. 618. $ 542.\n billions dollars 2008 2007-balance-sheet $ 515. $ 557. 478. 548. 516. $ 446. securitized receivables 105. 108 99 credit card receivables held-for-sale 2014. $ 621. $ 666. 577. 656. 618. 542. loans average interest fees $ 3 billion 2 billion consolidated balance sheet.\nconsolidated balance sheet.\n table loan information impact securitization.\n non-gaap.\n.\n.\n citigroup allowance loans leases unfunded lending $ 30. 503 billion credit losses.\n portfolio $ 22. 366 billion 2008 12. 393 billion 2007 $ 6. 006 billion 2006.\n increase losses $ 9. 973 billion builds $ 11. 034 billion.\n $ 10. 785 billion cards consumer banking. billion. $ 249 million wealth management.\n. losses weakening credit indicators delinquencies mortgages unsecured loans cards auto loans.\n.\n housing market downturn unemployment portfolio growth.\n. billion acquisitions credit deterioration mexico.\n consumer loans $ 515. billion decreased $ 42.1 billion 8% december 31 2007 decrease residential real estate lending north america consumer banking foreign currency translation.\n citigroup mortgage foreclosure moratoriums february 13 2009 foreclosure moratorium-owned first mortgage loans principal residence.\n moratorium effective february 12 2009 until.\n government loan modification program march 12  2009.\n new foreclosures.\n moratorium expands current foreclosure moratorium owns mortgage owner sufficient income affordable mortgage payments.\n housing crisis 2007 worked 440000 homeowners avoid foreclosure $ 43 billion.\n.\n mortgage modification legislation january 2009.\n senate representatives bankruptcy courts authority modify mortgage loans principal residences.\n endorsed obama administration.\n originated prior effective date debtor notice foreclosure contact lender modification.\ndifficult project impact legislation company 2019s lending portfolio capital market positions.\n factors form legislation guidelines housing plan borrowers bankruptcy response markets credit rating agencies.\n losses 2009 increase deterioration.\n housing labor markets higher bankruptcy filings higher losses.\n negative economic higher credit costs consumer banking."
}
{
    "_id": "dd4bc16bc",
    "title": "",
    "text": "financial statements american airlines group.\n secured financings collateralized by aircraft engines simulators parts airport leasehold rights route authorities airport slots.\n december 31 2015 35 aircraft capital leases.\n leases renewed fair market value.\n maturities long-term debt capital lease obligations millions.\n 2016 $ 2266\n 2017 1598\n 2018 2134\n 2019 3378\n 2020 3587\n 2021 7844\n $ 20807\n 2013 facilities american aag credit guaranty agreement deutsche bank $ 1. 9 billion term loan june 2019 $ 1. billion.\n maturity extended june 2020 $ 1. 4 billion extended maturity october 10 2020.\n 21 2015 american refinanced. maturity june 2020 libor margin 3. to 2. 75%.\namerican amendments collateral.\n $ 1. 9 billion 2015 loan facility repayable annual installments first installment equal. 25%. principal june 27 2016 installments equal. 0%. unpaid balance due maturity date.\n december 31  2015 $ 1. 9 billion principal outstanding.\n voluntary prepayments american.\n october 2014 aag amended maturity october 10 2019 increased commitments principal $ 1. 4 billion letter credit commitments $ 300 million.\n october 26 2015 american aag maturity october 10  2020.\n american borrow repay loans letters.\n december 31 2015 no borrowings letters credit outstanding.\n facilities interest index rate margin libor. 75%. $. billion 2015 margin 3.%. 2013. 75%.9 billion 2015 loan american 2019s ba3 bb- s&p libor margin 2. 50%. billion"
}
{
    "_id": "dd4c36192",
    "title": "",
    "text": "liquidity monitoring stress testing performed for citi major entities subsidiaries countries.\n impact adverse liquidity event balance sheet liquidity position funding alternatives.\n scenarios include funding sources market triggers credit geopolitical macroeconomic conditions.\n market company-specific events.\n stress tests mismatches between liquidity sources uses over time.\n liquidity limits set.\n tests mismatches calculated frequencies daily.\n maintains contingency funding plans.\n actions for adverse market conditions.\n short-term liquidity measurement coverage ratio lcr.\n.\n hqla liquidity 30-day stress scenario.\n calculated hqla by estimated net outflows 30-day period factors liabilities borrowings unused lending commitments exposures offset by inflows from assets maturing within 30 days.\nbanks calculate add-on maturity mismatches cash inflows 30-day net outflows.\n minimum lcr requirement 100% effective january 2017.\n federal reserve board rule april 1 2017 citi lcr.\n citi lcr calculation hqla net outflows.\n.\n.\n.\n. 2017\n $ 446. $ 448. $ 403.\n net outflows 364. 365. 332.\n 123% %\n net outflows $ 82. $ 83. $ 71.\n amounts average basis.\n citi lcr increased year- over-year modeled net outflows.\n driven changes assumptions citi outflow assumptions.\n lcr unchanged.\n long-term liquidity measurement stable funding ratio 2016 federal reserve board fdic rule nsfr requirement.\n.nsfr consistent with committee 2019s final rules.\n assesses bank stable funding.\n equity deposits long-term debt required funding liquidity assets derivatives commitments.\n asset liabilities.\n ratio available to required greater than 100%.\n citi compliant with.\n nsfr rules december 31 2017 evaluate final version expected 2018.\n nsfr final rules implementation."
}
{
    "_id": "dd4bf82d4",
    "title": "",
    "text": "annual report form 10-k bancorp part ii item 5.\n common equity stockholder matters issuer purchases equity securities corporate information back dividend limitations subsidiaries bancorp note 26 consolidated financial statements.\n december 31 2008 bancorp 60025 shareholders.\n issuer purchases equity securities plans programs maximum shares.\n october 2008 25394\n november 7526\n december 40\n 32960\n bancorp repurchased 25394 7526 40 shares october november december employee compensation plans.\n purchases not included maximum shares board directors authorization."
}
{
    "_id": "dd4c61c98",
    "title": "",
    "text": "note 8 consolidated financial statements.\n.\n 2007 paper meet capital expenditures service debt working capital dividend requirements cash balances operations divestiture proceeds facilities.\n $ 3. 0 billion liquidity cash flow variability economic cycles.\n 2006 $ 750 million 364-day $ 500 million march 2007. quarterly $ 1. 25 billion $ 1. 5 billion march 2011 fee. quarterly.\n october 2006 amended receivables securitization program $ 1. 2 billion. november 2007 $ 1. billion. october 2009.\n december 31 2006 no borrowings bank credit agreements receivables securitization program.\n international paper investments. subsidiary $ 100 million bank credit agreement december 2007 $ 40 million borrowings outstanding.\n debt capital markets long-term funding cash divestiture.\ndecisions guided by capital structure planning liability management practices.\n goals financial flexibility preserve liquidity interest expense.\n majority debt accessed global markets.\n with debt covenants at december 31 2006.\n minimum net worth $ 9 billion maximum debt to capital ratio investment grade credit rating.\n third quarter reaffirmed long-term credit rating bbb revised to stable upgraded short-term credit rating a-3 to a-2.\n long-term baa3 short-term p-3.\n obligations for future payments debt lease purchase obligations millions.\n total debt $ 692  $ 129 $ 1143 381 3680\n lease obligations 144 117 94 74 60 110\n purchase obligations 2329 462 362 352 323 1794\n$ 3165 708 1599 1624 764 5584\n debt principal payments.\n $ 76 million lease obligations 2007 23 million 2008 19 2009 15 million 2010 7 2011 5 million 7 million.\n $ 1. 3 billion purchase obliga 2007 $ 335 million 2008 $ 199 million 2009 157 million 2010 143 million 2011 141 million $ 331 million.\n $ 2. 2 billion fiber supply agreements.\n uncoated papers packaging.\n options sale spin-off returning value strengthening balance sheet reinvestment"
}
{
    "_id": "dd4b8aa86",
    "title": "",
    "text": "income taxes investment income excise taxes.\n group bermuda subsidiaries subject.\n income tax effect financial condition results operations cash flows.\n.\n bermuda re uk branch business subject taxation.\n bermuda bermuda operation uk taxation.\n bermuda operations uk income tax financial condition results operations cash flow.\n ireland.\n holdings re business subject taxation.\n.\n annual reports 10-k quarterly 10-q current 8- k proxy statements amendments internet website. everestregroup. securities exchange commission.\n.\n risk factors investment securities.\n business financial condition results operations trading price common shares decline.\n business fluctuations financial markets investment losses.\n disruptions public debt equity markets losses investment portfolio.\n financial markets improved 2008 could deteriorate.\ndeclines financial markets losses investments operations equity business financial strength debt ratings.\n catastrophic events.\n exposed to unpredictable catastrophic events weather natural catastrophes terrorism.\n reduction operating results dividends meet interest principal obligations.\n catastrophe loss property exposures before reinsurance $ 10. million reinsurance.\n threshold $ 5. million.\n past five years pre-tax catastrophe losses contract reinsurance before cessions corporate reinsurance.\n.\n 2012 410.\n 2011.\n.\n."
}
{
    "_id": "dd4bc486c",
    "title": "",
    "text": "investment tax credits deferred regulated utility subsidiaries amortized to income over service lives assets.\n company recognizes accrued interest penalties tax income tax expense sales tax authorities.\n note 14 2014income taxes.\n allowance funds construction non-cash credit to income utility plant cost borrowed funds return equity funds.\n utility subsidiaries record afudc.\n borrowed funds reduction interest statements.\n equity funds.\n years ended december 31.\n allowance funds construction\n borrowed funds\n environmental costs water wastewater operations subject to.\n requirements environmental protection environmental claims.\n environmental expenditures current operations future benefit expensed capitalized.\n remediation costs condition accrued undiscounted.\nconservation agreement subsidiary with national oceanic atmospheric administration 2010 amended 2017 protect steelhead trout habitat carmel river watershed california.\n pay $ 1 million annually 2010 final payment 2021.\n remediation costs $ 4 million $ 6 million as december 31 2018 2017.\n hedging interest rates.\n.\n speculative leveraged instruments.\n derivatives recognized balance sheet fair value.\n hedge of value forecasted transaction variability cash flows.\n changes in fair value gain loss recorded in current-period earnings.\n gains losses effective cash-flow hedges recorded in income.\n ineffective portion recognized in current-period earnings."
}
{
    "_id": "dd4bce934",
    "title": "",
    "text": "asbestos company subsidiaries defendants asbestos cases.\n december 31 2010 case activity.\n december 31 2009 526\n adjustments 2\n new cases filed 41\n resolved\n 31 2010\n plaintiffs company subject claims cases.\n reserves defense costs.\n proceedings domination agreement october 1 2004 celanese gmbh subsidiary bcp holdings domination agreement acquire celanese shares minority shareholders fair cash compensation.\n cash compensation a41. 92 per share.\n minority shareholders remain shareholders receive guaranteed annual payment. 27 per share less taxes.\n march 30 2005 minority shareholders initiated special award proceedings review fair cash compensation guaranteed annual payment.\n 145387 shares tendered fair cash compensation.92 924078 shares outstanding entitled guaranteed annual payment domination agreement.\n proceedings fair cash consideration payment minority shareholders claim higher amounts.\n december 12  2006 court first instance appointed expert value celanese gmbh.\n may 30  2006 majority shareholder adopted-out resolution outstanding shares transferred to bcp holdings for fair cash compensation a66. 99 per share.\n challenged effective after disputes settled december 22  2006.\n award proceedings filed by 79 shareholders against bcp holdings frankfurt district court higher amount compensation.\n settlement agreement higher value compensation former shareholders claim higher.\n higher than. 1069465 shares entitled adjustment.\ncourt confirms cash compensation domination higher squeeze-out compensation 924078 shares d77691 148000000 16:10 valid graphics"
}
{
    "_id": "dd4c56aaa",
    "title": "",
    "text": "management financial results operations $ 19. 5 million decrease interest expense lower balances lines credit investment.\n lower balance 2001 property dispositions lower development level slower economy.\n paid off $ 128. 5 million mortgage loans 2001 $ 85 million unsecured term loan.\n decreases offset interest expense unsecured debt $ 175. million february 2001 decrease interest capitalized decrease development activity.\n earnings rental operations increased $ 28. 9 million $. to $ 254. 1 million 2001.\n service revenues decreased $ 82. 8 million to $ 80. 5 million.\n $ 4. 3 million net general contractor revenues construction lower profit margins.\n businesses slowed economy.\n property management maintenance leasing fee revenues decreased $ 2. 7 million landscaping maintenance revenue sale business 2001.\nconstruction management development income fees profits held for sale program.\n increase revenues $ 2. 2 million 2001 profits sale properties.\n income increased $ 2. 4 million 2001 due $ 1. 8 million gain sale landscape business 2001.\n net profit over $ 9 million.\n gain seven years contract purchase future services.\n service operations expenses decreased $ 4. 7 million 2001 reduced overhead costs.\n savings employee salary costs personnel reductions reduced overhead costs sale landscaping business.\n earnings operations increased $ 32. 8 million to $ 35. 1 million 2001.\n decreased $ 21. 1 million 2000 to $ 15. 6 million reduction.\n cost cutting measures costs.\n income gain sale land depreciable property dispositions gain sales depreciable properties.\n2000 2001 company pursued real estate assets investment objectives.\n gain land sales undeveloped land.\n.\n recorded $ 4. 8 million asset impairment adjustment 2001 property sold 2002.\n $ 1. 4 million interest rate swap hedge accounting.\n net income $ 230. million $ 213. million 2000.\n fluctuations rental service operations earnings sales real estate.\n gain sales depreciable properties $ 45428 $ 52067\n gain land sales\n impairment adjustment -4800\n $ 45708"
}
{
    "_id": "dd4b8ce1c",
    "title": "",
    "text": "cash balances oper.\n company credit facilities $ 2. 5 billion.\n debt covenants december 31 2012.\n require minimum net worth $ 9 billion debt-to- capital ratio less than 60%.\n net worth common stock paid-in capital retained earnings treasury stock goodwill impairment charges.\n excludes income/loss nonrecourse liabilities.\n debt- to-capital ratio debt divided net worth.\n net worth $ 13. 9 bil lion total-debt-to ratio 42%.\n debt capital markets long-term funding.\n guided structure planning objectives.\n maximize financial flexibility preserve liquidity interest expense.\n debt accessed global public capital markets.\n investment grade credit rating.\n long-term credit ratings bbb.\n contractual obligations future payments purchase.\nlong-term debt $ 444 $ 479 $ 571 216 7722\n right offset 2014 5173\n lease 198 136 106 70 50 141\n purchase obligations 3213 828 722 620 808 2654\n $ 3855 $ 1672 $ 1307 $ 6434 $ 1074 10517\n scheduled principal payments.\n obligations non-consolidated variable interest entities international paper offset investments.\n $ 5. 2 billion interests. debt obligations pages 69 72.\n.\n $ 3. 6 billion fiber supply agreements 2006 2008 acquisition weyerhaeuser.\n unrecognized tax bene fits $ 620 million.\n undistributed earnings subsidiaries december 31 2012 indefinitely reinvested no.\n income taxes.\ndecember 31 2012 cash reinvested foreign earnings $ 840 million.\n anticipate funds domestic liquidity needs domestic debt service.\n projected benefit obliga tion.\n benefit plans.\n $ 4. 1 billion higher than fair value plan assets.\n $ 3. 7 billion plans minimum funding require.\n differs present value plan benefits.\n 2008 worker retiree employer recovery act passed.\n pension funding relief technical corrections.\n funding contributions depend funding method timing demo graphic data targeted funding level.\n reassesses voluntary contributions $ 44 million $ 300 million years december 31 2012 2011.\n required contributions 2013 $ 31 million future voluntary contributions.\n earnings plan assets interest rates.\n.\n agreement.\njoint venture international paper share agreement reconciliation disputes.\n"
}
{
    "_id": "dd4b8874a",
    "title": "",
    "text": "capital ratios table estimated ratio cet1 rwas basel iii standardized capital rules.\n december 2014\n shareholders 2019 equity $ 73597 $ 71267\n deductions goodwill assets deferred tax liabilities -3468\n deductions investments nonconsolidated financial institutions -4928\n -1213 -489\n $ 64260 $ 58219\n $ 577869 $ 594662\n 11. 1%. 1 % 9. 8%.\n $ 627444 $ 635092\n 10. 2%. 2 % 9. 2%. 2 %\n phased-in capital ratios applicable 2019 estimated ratios future regulatory capital requirements.\n ratios non-gaap december 2014 2013 comparable.\n revised capital framework evolve.\n note 20 financial statements transitional capital ratios december.\ndeduction goodwill assets deferred tax liabilities goodwill $ 3. 65 billion $ 3. 71 billion 2014 2013 intangible assets $ 515 million $ 671 million deferred tax liabilities $ 964 million $ 908 million.\n deduction investments nonconsolidated financial institutions thresholds.\n decrease 2013 2014 reductions fund investments.\n adjustments include overfunded defined benefit pension plan obligation deferred tax liabilities disallowed deferred tax assets credit valuation adjustments liabilities debt valuation adjustments credit risk deductions.\n revised capital framework banking.\n.\n bank ratio.\n capital leverage exposure quarterly average assets deductions off-balance-sheet exposures.\n minimum supplementary leverage ratio 5. buffer.\n banks january 1 2018.\ndisclosures supplementary leverage ratio first quarter 2015.\n 2014 estimated. 1 capital $ 73. 17 billion $ 64. 26 billion stock $ 9. 20 billion adjustments $ 290 million leverage $ 1. 45 trillion quarterly assets $ 873 billion adjustments $ 579 billion off-balance-sheet derivatives commitments.\n estimated leverage ratio future capital requirements.\n non-gaap.\n.\n bank regulatory 2019 rule evolve.\n sachs 2014 annual report"
}
{
    "_id": "dd4bc1e96",
    "title": "",
    "text": "remitted.\n foreign tax credits exclusions.\n december 31 2010 federal loss carryforwards $ 56 million 2011 to 2024 state loss carryforwards $ 610 million 2011 2031 foreign loss carryforwards $ 720 million $ 251 million indefinite carryforward.\n unrecognized tax provisions reconciliation unrecognized tax benefits.\n balance january 1 $ 77 $\n additions tax positions\n reductions\n statute limitations\n acquisitions\n foreign currency translation\n balance december 31 $ 100\n $ 85 million unrecognized tax benefits tax rate.\n tax positions twelve months potential reduction tax benefits $ 10-$ 15 million settlements.\n recognizes penalties interest unrecognized income tax benefits.\n penalties less $ 1 million 2010 2009 2008.\n 1 2.\nliability penalties $ 5 million interest $ 18 million 2010.\n subsidiaries file income tax returns.\n federal state international jurisdictions.\n concluded.\n income tax matters 2006.\n.\n 2002.\n 2004."
}
{
    "_id": "dd4b88bfa",
    "title": "",
    "text": "h o s.\n 2 0 0 2 consolidated financial statements rating december 31 2002.\n fair value commitments credit facility subject borrowings fees utilization fee.\n short-term maturities credit facilities variable interest rates.\n company $ 26 million uncommitted unsecured.\n derivative financial instruments revolving line credit.\n working capital exposed market risk overdraft.\n currency exchange rates.\n utilizes foreign exchange contracts offset default exchange rate fluctuations.\n intercompany sales purchases credit agreement unconditional twelve to twenty-four irrevocable guarantees.\n.\n hold long-term debt ratings trading purposes.\n. hedges future cash flows changes fair value repay outstanding obligations.\n earnings credit rating december 31 2002 hedged item affects earnings.\n ineffective requirement.\nuncommitted credit line matures derivative change reported july 31 2003.\n borrowings.\n $ 0. 5 million 2001 average interest rate 6. 35 percent.\n $ 15 million uncommitted.\n line.\n short working capital japanese yen euro.\n agreement third parties customary covenants $ 252 million.\n restrictive.\n accrued liabilities december 31 2002 $ 13. million matures july 31 2003.\n $ 8. million net taxes deferred reclassified december 31  2002.\n earnings next two years $ 7. million $ 20 million uncommitted revolving $ 4. million net reclassified unsecured line.\n.\n short-term working capital.\n pricing based money market rates.\n.\ncapital stock earnings per share uncommitted unsecured line credit note 14 shares covenants restrictive distributed.\n dividend matures july 31 2003.\n no borrowings common stock december 31 2002.\n preferred stock purchase right ten shares covenants.\n july 2001 rights agreement december 31 2002.\n no long-term debt anti-takeover effects.\n.\n right attaches each share common stock.\n rights exercisable learns person acquired right acquire beneficial ownership credit facility $ 156. $ 358. 20 percent shares uncommitted credit facilities. common stock directorstotal debt $ 156. $ 363. paid $ 13. million $ 4. 6 million tender interest charges 2002 2001.\n facility $ 156. $ 358.\n uncommitted credit facilities.\n total debt $ 156.$ 363.\n h o l d i n g s.\n 2 0 0 2 consolidated financial statements rating december 31 2002.\n fair value commitments credit facility subject borrowings fees facility utilization fee.\n short-term maturities credit variable interest rates.\n $ 26 million uncommitted unsecured.\n derivative financial instruments revolving line credit.\n working capital exposed market risk overdraft.\n currency exchange rates.\n foreign exchange contracts offset default exchange rate fluctuations.\n sales purchases agreement unconditional twelve twenty-four irrevocable guarantees.\n.\n hold long-term debt ratings trading speculative purposes.\n. hedges future cash flows changes fair value repay outstanding obligations.\n income earnings credit rating december 31 2002 hedged item affects earnings.\n ineffective.\nuncommitted credit line matures derivative change reported july 31 2003.\n borrowings.\n $ 0. 5 million 2001 average interest rate 6. 35 percent.\n $ 15 million uncommitted.\n line.\n short working capital japanese yen euro.\n agreement third parties customary covenants $ 252 million.\n restrictive.\n accrued liabilities december 31 2002 $ 13. million matures july 31 2003.\n $ 8. million net taxes deferred reclassified december 31  2002.\n earnings next two years $ 7. million $ 20 million uncommitted revolving $ 4. million net reclassified unsecured line.\n.\n short-term working capital.\n pricing based money market rates.\n.\ncapital stock earnings per share uncommitted line credit note 14 shares covenants restrictive distributed.\n dividend matures july 31 2003.\n no borrowings common stock december 31 2002.\n preferred stock purchase right ten shares covenants.\n july 2001 rights agreement december 31 2002.\n no long-term debt anti-takeover effects.\n.\n right attaches each share common stock.\n debt rights exercisable learns person acquired right acquire beneficial ownership credit facility $ 156. $ 358. 2 20 percent shares uncommitted credit facilities. common stock directorstotal debt $ 156. 7 $ 363. paid $ 13. million $ 4. 6 million tender interest charges 2002 2001."
}
{
    "_id": "dd4bc495c",
    "title": "",
    "text": "operations extended four years unit agreement entergy new york state reliability need indian point generation.\n entergy submitted notice generator deactivation april 30 , 2020 2 april 30 , 2021 3.\n december 2017 nyiso report system reliability need deactivation.\n competitive impacts retirement.\n deadline dispute ferc.\n operations february 2017 entergy filed nrc amendment license renewal application licenses extension april 30, 2024 point 2 april 30 , 2025 3.\n nrc withdraw amendment.\n provisions settlement termination investigations indian point new york state department environmental conservation service health attorney general.\n settlement recognizes right agencies pursue new investigations enforcement.\n obligates entergy establish $ 15 million fund environmental projects community support.\n allocation agreement new york state entergy.\n settlement recognizes york state right annual inspection indian point scope timing determined mutual agreement.\n may 2017 plaintiff filed appeals challenging actions point settlement failed environmental analysis.\n signatories affiliates licenses.\n appeals dismissed november 2017.\n entergy corporation subsidiaries management financial discussion analysis capital structure spending plans sources cash flow activity.\n balanced equity debt.\n increase debt to capital ratio december 31 2017 due increase commercial paper 2017 2016.\n capital 67. 1%. 1 % 64. 8%. 8 %\n.\n 66. 3%. 3 % 63. 8% 8 %\n.\n debt capital excluding 65. 2%. 2 % 61. 8%. 8 %\ncalculation excludes arkansas louisiana new orleans texas bonds non- recourse."
}
{
    "_id": "dd4be45d6",
    "title": "",
    "text": "jpmorgan chase. five-year stock performance compare five-year return.\n return s&p 500 index kbw bank index s&p financial index.\n s&p 500 equity benchmark united states. leading companies economic sectors.\n kbw bank index performance banks thrifts traded.\n national regional banks thrifts.\n s&p financial index financial companies components s&p 500.\n industry indices.\n investments $ 100 december 31 2013 jpmorgan chase common stock.\n dividends reinvested.\n.\n jpmorgan chase 100. 109. 119. 160. 203 189.\n kbw bank index. 109 141. 167 137\n s&p financial index. 115. 113 169 147\n s&p 500 index. 113 115. 129 157. 150.\n31 dollars"
}
{
    "_id": "dd4b961ce",
    "title": "",
    "text": "trade receivables update.\n 2016-13 impairment model held-to-maturity-for-sale debt securities guarantees.\n guidance effective january 1  2020.\n early adoption january 1 2019.\n evaluating effect 2016-13 financial statements.\n 2014 acquisitions business combinations record assets acquired liabilities assumed fair value acquisition date.\n october 17 2018 acquired sicom systems.\n $ 409. 2 million funded cash revolving credit facility.\n provider end-to-end cloud-based software solutions restaurants.\n technologies complementary solutions acquisition software-driven payments strategy restaurant market.\n sicom owned private equity investment firm.\n interest $ 1. million.\n audit committee acquisition.\n provisional estimated acquisition-date fair values assets acquired liabilities assumed december 31  2018.\n cash equivalents $ 7540\n\n property equipment 5943\n intangible assets 188294\n assets 22278\n deferred income taxes\n liabilities\n assets 144357\n goodwill 264844\n purchase consideration 409201\n 31 balances provisional determining final purchase assets liabilities.\n acquisition $. million north america growth workforce synergies businesses.\n $ 50 million deductible income tax.\n payments.\n 2018 10-k annual report"
}
{
    "_id": "dd4c3e590",
    "title": "",
    "text": "jpmorgan chase. annual report results results three-year period december 31.\n business segment.\n accounting estimates pages 149 2013 154.\n revenue 31.\n investment banking fees $ 6190 7087 5526\n principal transactions 10894\n lending deposit fees 6340\n asset management commissions 13499\n securities gains 2965\n mortgage fees 3870\n credit card income\n other income\n noninterest revenue\n interest income\n revenue $ 102694 100434 67252\n revenue $ 102. 7 billion up $ 2. 3 billion 2%.\n securities gains private equity higher asset management fees fees higher other income card income.\n investment banking fees decreased 2009 lower equity underwriting fees higher debt underwriting fees.\n competitive markets flat equity underwriting m&a volumes lower equity underwriting advisory fees strong loan syndication high-yield bond volumes drove debt underwriting fees.\n results pages 69 201371.\n principal transactions revenue trading investing increased 2009.\n driven by private equity business gains 2010.\n trading revenue decreased lower results higher revenue ib firm credit spread liabilities.\n equity results pages 69 201371 89 199.\n lending- deposit-related fees decreased 2010 legislation offset higher lending fees ib business volume higher commitment letter-of-credit fees.\n results pages 69 201371 72 82 84.\n asset management administration commissions revenue increased from 2009.\nincrease reflected higher asset management fees am higher market levels higher administration fees tss.\n increase offset by lower brokerage commissions ib lower market volumes.\n segment discussions am pages 86 201388 tss pages 84 201385.\n securities gains higher 2010 2009 repositioning portfolio interest rate exposure.\n pages 89 201390.\n mortgage fees income increased 2010 higher mortgage production revenue increased origination volumes wider margins.\n increase offset by higher repurchase losses rfs higher estimated losses.\n mortgage pages 74 201377.\n repurchase losses liability discussion pages 98 2013101 pages 275 2013280.\n credit card income decreased 2010 due accounting guidance assets liabilities credit card securitization trusts.\nguidance fees credit card securitization trusts offset net"
}
{
    "_id": "dd4bc654a",
    "title": "",
    "text": "company presents investment exposure deferred compensation hedged impact deferred compensation offset compensation expense hedged mitigated return swap.\n interest capital allocations excluded no impact stockholders equity.\n investment federal reserve bank stock not market rate risk excluded economic investment exposure.\n.\n investments $ 1750 $ 1631\n consolidated investmentfunds -524 -587\n consolidated funds 475\n investments adjusted 1656 1519\n federal reserve bank stock -89 -328\n deferred compensation investments -62\n hedged investments -43\n 201ceconomic 201d investment exposure $ 1211 $ 1062\n.\n.\n.\n2012 2011 $ 524 million $ 587 million blackrock investments funds controlled consolidated.\n decrease $ 239 million lower federal reserve bank stock blackrock.\n.\n investments 2012 increased $ 137 million 2011 $ 765 million purchases contributions $ 185 million valuations equity investments $ 64 million capital allocations offset $ 742 million sales/maturities $ 135 million distributions."
}
{
    "_id": "dd4c37dd0",
    "title": "",
    "text": "long-term debt five years.\n 2014 $ 907.\n 2015 453.\n 2016 433.\n 2017.\n 2018 439.\n 2876.\n $ 5563.\n 2013 issued $ 400. senior fixed-rate. 75%. matures 2023.\n 7 august 2013 issued 2. eurobond 20ac300 million $ matures 7 august 2020.\n debt agreements financial covenants restrictions property liens sale leaseback transactions.\n compliance covenants.\n $ 400. 2014 long-term debt refinance $ 2500. 2018.\n.\n markets.\n 30 2013 five-year $ 2500. credit agreement banks senior unsecured debt.\n liquidity supports commercial paper program.\n increases facility $ 330. extends maturity 30 april 2018 modifies financial covenant debt capitalization 70%.\n borrowings 2013 agreement.\n2013 agreement $ 2170. agreement 2010 30 2015-term debt divided equity 60%.\n borrowings early penalties.\n 11 2012 offshore chinese renminbi credit facility. million $. 2015.\n rmb250. million $ 40. outstanding borrowings 30 2013.\n additional commitments $ 383. foreign subsidiaries $ 309. borrowed outstanding."
}
{
    "_id": "dd4c32a74",
    "title": "",
    "text": "31 2004 historical results operations pca 2004 2003.\n sales $ 1890. $ 1735. 5 $ 154.\n before interest taxes $ 140. $ 96. $ 43.\n -29. 6 29. -121. 8 121. 92.\n before taxes 110. 9 135.\n taxes -42. 2 42. 10. 5 7 52.\n income loss $ 68. 7 4. $ 83.\n sales increased $ 154. 6 million 8. 9%. 31 2004 2003.\n increased improved volumes prices corrugated products 2003.\n corrugated products volume increased 6. 6%. 29. 9 billion square feet 2004. 1 2003.\n sales volume increased 7. 0%. % 2004.\n. 3%. higher 2004 5. 8%.\nshipments-per-workday calculated dividing corrugated products volume by workdays.\n increase due 2004 less workday 251 days 2003 252.\n containerboard sales volume increased 6. 8%. to 475000 tons 2004 from 445000 tons 2003.\n income before increased $ 43. 6 million. 1%. 2003.\n $ 27. 8 million net expenses dividend paid pca timberlands venture.\n $ 3. million charge fees expenses debt refinancing fourth quarter charge $ 16. million settle pactiv.\n hourly pension benefits workers compensation liabilities.\n settlement $ 16. million negotiated 2003.\n full accrued fourth quarter 2003.\n operating income decreased $ 3. 4 million 2004 2003.\n. decrease attributable increased energy transportation costs. higher recycled wood fiber costs.increased salary expenses hires. million labor costs. million offset sales volume prices $ 44. million."
}
{
    "_id": "dd4c4b452",
    "title": "",
    "text": "shareholder return entergy corporation nine-year between.\n leonard's appointment 1999 and 2008 exceeded industry peer group companies.\n utility companies.\n additional information stock options 2008 see 2008 grants awards table.\n options must exercise price equal to closing fair market value entergy corporation common stock grant.\n guidelines executive officer stock ownership equal multiple salary.\n stock option 1 2003 must retain 75% after-tax net profit from stock option.\n policy granting options.\n grants options executive officers january annual executive compensation decisions.\n grant options newly hired employees for retention limited purposes.\n restricted equity plans represent shares common stock.\n grants units for retention offset forfeited compensation.\n conditions satisfied restrictions lift end period cash equivalent value paid.\nsettlement price equal to restricted units multiplied by closing price entergy corporation common stock.\n units not entitled to dividends voting rights.\n time-based subject to employment two- to five-year period.\n january 2008 committee granted.\n denault chief financial officer 24000 restricted units.\n strategic challenges.\n denault's services.\n competitive market.\n role leadership.\n grant consulted independent consultant market practices.\n chose restricted units over other retention instruments value returns equity.\n grants commonly used market technique retention.\n restricted units vest dates.\n 2011\n 2012\n 2013"
}
{
    "_id": "dd4bdd984",
    "title": "",
    "text": "asia-pacific acquisition july 24 2006 fifty-six percent ownership hongkong shanghai banking corporation.\n provides card payment services asia-pacific.\n ten countries brunei china kong india macau malaysia maldives singapore sri lanka taiwan.\n paid hsbc $ 67. 2 million.\n additional $ 1. 4 million 2007 total purchase $ 68. 6 million.\n transition services agreement hsbc.\n payment processing 2010.\n results consolidated statements income.\n leading payment processing consumer money transfer company.\n merchants corporations financial institutions consumers government agencies facilitate payments.\n intermediary exchange information funds.\n incorporated global payments.\n 2000 spun-off parent company january 31 2001.\n transaction processing services since 1967.\nmarket products services united states canada asia-pacific.\n operate segments merchant services money transfer.\n merchant services targets financial institutions gaming government health care professional services restaurants retail universities utilities.\n money transfer targets immigrants europe.\n note 10 financial statements factors.\n revenues merchant services money transfer geography sales channel.\n 2007 2006\n $ 558026 481273 410047\n canada 224570\n asia-pacific\n central eastern europe\n merchant services 929142\n money transfer 132381\n revenues $ 1061523 $ 908056 784331"
}
{
    "_id": "dd4c1201c",
    "title": "",
    "text": "depreciation amortization profit 2007 2006 millions.\n $ 78. 66.\n 57.\n.\n operations 114. 79 75.\n $ 275. 230. 197\n.\n rental commitments leases 2008 $ 38. 2 million 2009 30. 1 million 2010 20. million 2011 15. 2012 14. 3 million 2013 29. 9 million.\n rent expense 2008 2007 2006 $ 41. 4 million 37. 1 million $ 31. 1 million.\n.\n property liability 2008 suspended marketing distribution.\n update labeling surgical technique training program.\n liability lawsuits claims asserted.\n pending additional.\n provision $ 47. 5 million third quarter 2008.\n increased provision $ 21. 5 million fourth quarter 2008.\nprovision limited revisions two years surgery july 2008.\n parameters data cup loosenings surgical technique likely.\n claims outside parameters managed reflected standard product liability accruals.\n february 15 2005 howmedica osteonics.\n filed action against us unrelated party united court new jersey infringement.\n patent nos.\n 6174934 6372814 6818020.\n june 13 2007 court granted summary judgment invalidity.\n.\n.\n august 19 2008 court granted summary judgment non- infringement.\n.\n 6818020 claims five.\n defenses infringement valid meritorious defend lawsuit.\n subject product liability claims lawsuits ordinary business insurance self- insured retention limits.\n accruals product liability current historical settlement information.\n outcome liabilities financial position cash flows.\ninvestigations march 2005.\n department justice.\n attorney office newark jersey commenced investigation orthopaedic companies consulting contracts professional service agreements remuneration orthopaedic surgeons.\n september 27 2007 settlement government claims.\n.\n.\n department justice inspector general department health human services.\n deferred prosecution agreement.\n attorney office new jersey.\n corporate integrity agreement.\n wrongdoing guilty criminal charges pay fines.\n settled civil administrative claims settlement payment.\n government $ 169. 5 million.\n.\n attorney filed criminal complaint.\n court new jersey conspiracy violations anti-kickback statute.\n 2002 2006.\n deferred prosecution complaint 18-month term.\n.\n dismissal.\n oversight federally-appointed monitor.\ncia term five years agreed continue enhanced corporate compliance program promote compliance federal healthcare program.\n 2 0 0 8 1 consolidated financial statements job c48761 pcn 060000000|00012|02/24/2009 06:10 valid color|"
}
{
    "_id": "dd4bbcce8",
    "title": "",
    "text": ".\n management financial paper pricing sales volumes lower operating costs.\n paper packaging prices increased costs four years.\n uncoated papers corrugated box coated paperboard european papers shipments revenues xpedx distribution.\n cost reduction.\n lower interest expense debt repayments.\n high raw material distribution costs lower real estate sales corporate expenses forestlands.\n higher sales volumes.\n paper price price increases brazil.\n input costs energy fiber chemicals mixed higher.\n joint ventures luiz anto nio paper mill.\n lower real estate sales earnings operations lower 2006 quarter.\n steps transformation plan.\n sales.\n brazilian papers. million acres.\n forestlands sale agreements kraft papers beverage pack aging arizona chemical wood products 2007.\n received $ 9. 7 billion proceeds divest itures.billion balance divestitures half 2007.\n strengthened balance sheet debt $ 6. billion returned value. million shares common stock $ 1. 4 billion.\n $ 1. billion contribution.\n pension fund.\n identified reinvestment opportunities $ 2. billion brazil russia.\n focused three-year $ 1. 2 billion target non-price profit improvements $ 330 million realized 2006.\n 2007 progress objectives 2005.\n profits.\n costs efficiencies prices volumes.\n profits defined before taxes interest.\n non-gaap not alternatives income.\n operates six segments industrial packaging consumer distribution forest products specialty businesses.\n table net earnings loss last three years 2006 2005 2004.\n segment profits $ 2074 1622 1703\n-746 -607 -477\n special items 2373 -134 -141\n interest expense -521 -595 -712\n minority interest -9\n income tax -1889 -114\n discontinued operations -232 -273\n net earnings $ 1050 $ 1100 -35\n items gains transformation sales goodwill charges restructuring losses insurance recoveries reversals reserves."
}
{
    "_id": "dd4c16dc4",
    "title": "",
    "text": "republic services.\n financial statements 2014.\n employee benefit plans stock-based compensation 2007 approved 2007 stock incentive plan may 2007 shareholders ratified.\n march 2011 amended.\n march 2013 approved.\n may shareholders ratified.\n 15. million shares common stock future grants.\n options granted non-qualified equal fair market value common stock.\n options seven to ten years vest 25% per year four years first anniversary.\n options non-employee directors ten years fully vested grant date.\n december 2008 board directors amended republic services.\n 2006 incentive stock plan allied waste industries.\n.\n approved 2006.\n amended restated december 2008 republic new sponsor references common stock outstanding awards number shares allied acquisition.\n2006 plan non- qualified incentive restricted stock phantom stock bonuses units appreciation rights performance awards dividend equivalents cash awards.\n granted 2008 vested nonforfeitable closing allied acquisition.\n no further awards lattice binomial option-pricing model grants.\n compensation expense straight-line service period portion retirement.\n volatility based recent year historical rolling average.\n risk-free interest rate federal reserve rates bonds.\n historical data estimate future option exercises forfeitures. life.\n groups considered separately.\n options december 31 2015.\n values 2014 2013 $ 5. 74 $ 5. 27 per option calculated assumptions.\n expected volatility 27. 5%. 28. 9%.\n risk-free interest rate 1. 4%.\n dividend yield 3. 2%.2%.\n expected life 4. 6.\n contractual life 7."
}
{
    "_id": "dd4c0ee44",
    "title": "",
    "text": "entergy corporation subsidiaries financial statements 12 month.\n 31 2008 louisiana provisions.\n future minimum lease payments 7. 45%. waterford 3 sale leaseback transactions long-term debt.\n 32452\n 2010 35138\n 2011 50421\n 2012 39067\n 2013 26301\n 137858\n 321237\n 73512\n net minimum lease payments $ 247725\n grand gulf lease obligations 1988 system energy sold leased interests gulf $ 500 million.\n 11. 5%. grand gulf.\n leases expire 2015.\n repurchase interests.\n repurchase fair market value renew leases market value fixed rate.\n 2004 bonds.\n lower interest rate lease payments reduced lower costs.\n sale-leaseback financing transaction financial statements.\nsystem energy expenses interest lease plant depreciation.\n operating revenues include recovery lease payments sale leaseback.\n audit report energy recorded difference recovery lease interest depreciation zero net balance end lease term.\n asset $ 19. 2 million $ 36. 6 million december 31 2008 2007."
}
{
    "_id": "dd4978892",
    "title": "",
    "text": "exposed to gains losses fluctuations foreign currency exchange rates international subsidiaries.\n driven by inter-company transactions.\n included in income.\n since 2007 used foreign currency forward contracts risk canadian subsidiary.\n 2008 european.\n derivative financial instruments trading.\n receive dollars canadian dollars 1. per $ 1. us dollars for euros. per $ 1.\n value currency contracts canadian subsidiary $ 15. 4 million 1 month european subsidiary $ 56. million 1 month.\n contracts not cash flow hedges changes fair value recorded in other income.\n fair value contracts $ 0. 3 million $ 1. 2 million december 2009 2008.\n included in prepaid expenses current assets balance sheet.\n note 9.\n changes foreign currency exchange rates forward contracts.\nended december 31 thousands 2009 2008 2007\n unrealized foreign currency exchange rate gains losses $ 5222 -5459 $ 2567\n gains losses -261 ( 261 ) -2166 ( 2166 ) 174\n unrealized derivative gains losses -1060 ( 1650 ( 243 )\n losses -4412 ( 4412 -204 ( 204 ) -469 ( 469 )\n foreign currency forward contracts minimize impact fluctuations financial.\n cost overhead costs affect results.\n high inflation gross margin selling administrative expenses increase."
}
{
    "_id": "dd4bd1648",
    "title": "",
    "text": "blackrock april 2009 acquired $ 2 million management contracts five-year r3 capital partners funds.\n december 2009 acquired $ 163 million contracts 10 years.\n amortization expense five years.\n 2010 160\n 2011\n 2012\n 2013\n 2014\n contracts september 29 2006 acquired $ 4477 million 4271 million retail mutual funds $ 206 million alternative investment products.\n october 1 2007 $ 631 million contracts.\n purchased 20% investment manager hedge funds.\n $ 8 million contracts.\n december 1 2009 acquired $ 9785 million contracts exchange traded funds trusts.\n december 1 2009 ishares $ 1402. 5 million.\nfair value determined royalty rate marketing promotion expenditures brands.\n.\n entered five-year $ 2. 5 billion unsecured revolving credit facility additional $ 500 million borrowing capacity maximum $ 3. billion.\n exceed leverage ratio debt earnings 3 to 1 less to december 31 2009.\n 2007 facility provides back-up liquidity working capital investment opportunities.\n $ 200 million interest rate. 44%. maturity february 2010.\n $ 100 million borrowings interest rate. 43%. maturity may 2010.\n lehman commercial paper.\n $ 140 million participation.\n additional.\n bank of america $ 140 million participation.\n cash funds two letters credit $ 100 million.\n 2008 letters credit terminated.\noctober 14 2009 blackrock established program unsecured notes maximum $ 3 billion.\n proceeds financing bgi transaction.\n subsidiaries bank america barclays parties dealers cp program.\n supported 2007 facility.\n began issuance notes november 4 2009.\n 31 $ 2 billion cp notes interest rate. 20%. maturity 23 days.\n repaid $ 1. 4 billion cp notes long-term notes.\n march 5 2010 $ 596 million cp notes interest rate. 18%. maturity 38 days.\n 2008 blackrock. subsidiary five billion yen commitment-line agreement institution.\n one year interest short-term prime rate.\n june 2009.\n renewed-line one year.\n flexibility.\n december 31 2009 no borrowings outstanding-line.\nconvertible debentures february 2005 issued $ 250 million due 2035 interest 2. 625%. per annum.\n payable semi- annually february 15 august 15 commenced august 15 2005.\n 2009 debentures convertible decem ber 31 2008 conversion rate. shares common stock per dollar.\n convertible cash additional shares 2019s common stock five trading price per debenture less than 103% last sales price blackrock 2019s common stock conversion rate corporate events merger consolidation transfer change control.\n february 15  2009 debentures convertible cash maturity option holder additional shares common stock current conversion rate.\ndebentures tendered for conver each one dollar converted holder cash shares blackrock common stock aggregate value by multiplying conversion rate by daily volume price blackrock common stock ten trading days.\n company conversion value to holders cash equal to aggregate conversion value principal amount if conversion greater than principal return amount shares equal to conversion value less principal return.\n net shares paid determined by dividing net share amount by ten-day weighted average price.\n cash based on ten-day weighted average price.\n conversion rate subject to adjustments corporate events change of control 193253ti_txt. 4/2/10 1:18 pm"
}
{
    "_id": "dd4c5ddfa",
    "title": "",
    "text": "repurchase programs.\n utilized cash $ 57. million employee stock compensation plans borrowings repurchases.\n borrowed $ 330. million stock repurchases acquisition abbott.\n excess cash repurchase common stock $ 1. 25 billion program expires december 31 2009.\n five year $ 1350 million multi currency senior credit facility november 30 2012.\n $ 460. million december 31 2008 $ 889. million.\n increase line $ 1750 million maturity two periods.\n foreign subsidiaries borrowers.\n corporate purposes libor- based rate margin rating.\n covenants default limitations consolidations mergers sales.\n maximum leverage ratio 3. to. minimum interest coverage ratio 3. to.\n investment grade credit rating restrictions.\n compliance covenants december 31 2008.\ncommitments senior credit facility subject to fees facility utilization fee.\n rated a- by standard poor ratings not by moody 2019s investors.\n interruptions credit access to facility not impaired.\n 2008 funded acquisition spine with $ 110 million new borrowings.\n lenders funded new borrowings.\n uncommitted credit facilities $ 71. 4 million.\n cash flows borrowings meet working capital capital expenditure debt service needs.\n earnings cash flows obtain additional capital.\n obligations third parties future payments.\n table contractual obligations millions 2009.\n long-term debt $ 460.\n operating leases 149. 38.\n purchase obligations 56. 47.\n long-term income taxes 116. 69. 24\n other long-term liabilities 237.15. 191.\n contractual obligations $ 1020. $ 85. $ 158. $ 531. $ 243.\n long-term income taxes 116. 69. 24. 22. long-term liabilities 237. 191. obligations $ 1020. $ 85. $ 158. $ 531. $ 243. accounting estimates results accounting policies.\n management judgment.\n excess inventory instruments determine inventory unsaleable.\n instruments.\n reserves adjust inventory instruments value.\n evaluate stock levels patterns demand products systems.\n work-in-progress inventory recorded.\n discontinued.\n evaluates changes valuation reserves market conditions competitive offerings.\n estimate income tax expense liabilities assets taxable jurisdiction.\n deferred tax assets future taxable income.\n evaluate deferred tax assets provide valuation allowances benefit.\nfederal income taxes provided income foreign subsidiaries remitted u. s.\n operate taxing jurisdictions.\n subject regulatory h o d g s.\n job c48761 pcn 031000000|02/24/2009 06:10 valid color"
}
{
    "_id": "dd498f754",
    "title": "",
    "text": "2006 board approved $ 3. 2 billion expansion garyville refinery 180 425 refining capacity. 154 million barrels per day.\n air permit approval louisiana construction mid-2007 startup fourth quarter 2009.\n commenced engineering design heavy oil upgrading project detroit refinery canadian oil sands production undertaking feasibility study similar catlettsburg refinery.\n supplier gasoline distillates resellers consumers midwest upper great plains southeastern united states.\n 2006 refined product sales. billion gallons. 401 mmbpd.\n average sales price $ 77. per barrel.\n refined product sales group three.\n.\n gasoline\n distillates\n propane\n feedstocks special products\n heavy fuel oil\n asphalt\nsales price barrel $ 77. 66. 49.\n buy/sell volumes 24 77 71 2006 2005 2004.\n.\n lower refined product sales volumes.\n.\n wholesale distribution petroleum spot market 71 percent refined.\n 52 percent gasoline 89 percent distillates.\n half propane home heating balance industrial consumers.\n propylene cumene aromatics aliphatics sulfur marketed.\n lube oils maleic anhydride slack wax pitch states canada exported worldwide.\n market asphalt terminals midwest upper plains southeastern states.\n base 800 asphalt-paving contractors government entities manufacturers.\n blended 35 ethanol gasoline 2006.\n 2005 2004 35 30.\n supply government regulations.\nsell reformulated gasoline chicago illinois louisville milwaukee low-vapor-pressure gasoline nine states.\n supplied 4200 outlets ohio michigan indiana kentucky illinois.\n florida georgia minnesota wisconsin virginia tennessee north carolina pennsylvania alabama south carolina.\n 14 percent refined product sales 2006.\n sells gasoline diesel.\n 15 percent.\n 1636 outlets nine states petroleum. revenues non-petroleum merchandise $ 2. 7 billion 2006 $ 2. 5 billion 2005.\n"
}
{
    "_id": "dd4c465a6",
    "title": "",
    "text": "prepare estimates research development costs direct indirect labor non-cash compensation manufacturing costs collaboration bayer healthcare development expenses.\n estimates project costs year december 31 increase decrease millions 2009 2008.\n $ 67. $ 39. $ 28.\n 109. 82. 27.\n 23. 32.\n 36. 21. 15.\n antibody candidates clinical 74. 27. 47.\n unallocated costs 86. 72. 14.\n total research development expenses $ 398. $ 274. $ 123.\n years december 31 2010 2009 variability costs product uncertainties future indications estimated cost governmental approval commercialization estimates total cost product candidates market not available.\n unable estimate product candidates generate revenues net cash inflows.\n2008 fda approval arcalyst ae treatment caps rare auto-inflammatory diseases.\n expect revenues cash inflows.\n selling administrative expenses increased $ 52. 9 million 2009 from $ 48. 9 million 2008.\n incurred higher compensation patent-related costs facility-related costs administrative headcount patient assistance costs.\n offset by lower marketing costs administrative recruitment costs professional fees.\n recognizing arcalyst ae.\n cost 2009 2008 $ 1. 7 million $ 0. 9 million royalties costs ae supplies.\n shipments not included goods sold.\n decreased to $ 4. 5 million 2009 from $ 18. 2 million 2008 due lower yields balances cash marketable securities.\n deterioration credit quality securities risk values.\n recognized charges $ 0.2. 5 million securities.\n 2009 2008 charges offset gains $. 2 million $ 1. million marketable securities."
}
{
    "_id": "dd4c1edb2",
    "title": "",
    "text": "contributions future benefit payments contributions $ 28. 1 million defined benefit postemployment benefits plans fiscal 2009\n 2009 contributions current projections influenced decision discretionary funding benefit trusts investment priorities future changes government requirements.\n estimated benefit payments future service fiscal 2009-2018 benefit pension postretirement benefit plans payments postemployment benefit.\n benefit pension plans benefit plans payments subsidy receipts postemployment benefit plans 2009 176. 3 56 6 16 6\n 2010. 5 59 9 17\n 2011. 8 63\n 2012. 6718. 8\n 206. 71. -8 19. 4\n 1187. 406. 106.\n savings salaried nonunion employees.\n assets $ 2309. million may 25 2008 $ 2303. million may 27 2007. 401 ( k ) savings investment funds employee stock ownership plan.\n savings plan $ 16. million 25 2008.\n total expense $ 61. 9 million 2008 $ 48. 3 million 2007 $ 45. 5 million 2006.\n purchased common stock funds borrowed guaranteed.\n debt repaid june 30 2007.\n assets common stock cash. expense $ 52. 3 million 2008 40. 1 million 2007 $ 37. 6 million 2006.\n.\n common stock benefits. contributions savings plan variable.\n common stock.\n cash contribution debt.\nesop used cash contributions dividends.\n shares unencumbered.\n allocated shares accounts payroll savings dividends.\n incurred interest less $ 1. million 2007.\n used dividends $ 2. 5 million 2007 $ 3. 9 million 2006 contributions less $ 1. million interest principal payments.\n 5. 2 million may 25 2008 5. 4 million 27 2007.\n report"
}
{
    "_id": "dd4c339ec",
    "title": "",
    "text": "adjusted grid consolidated leverage ratio 1.%. to. 25%. adjusted libor loans.%. to. 25%. alternate base rate loans.\n average interest rate term loans revolving credit borrowings 1. 6%. 3%. 2016 2015.\n pays commitment fee daily amount revolving credit facility fees.\n commitment fee 15. points.\n incurred deferred $ 3. 9 million financing costs agreement.\n. issued $ 600. million 3. senior unsecured notes due june 15 2026.\n proceeds revolving credit facility.\n interest payable semi-annually june 15 december.\n march 15 2026 maturity date redeem notes redemption price 100% principal amount accrued unpaid interest redemption date.\nmarch 15 2026 months maturity company redeem notes price equal 100% principal amount plus accrued unpaid interest redemption date.\n indenture create secured indebtedness sale leaseback transactions consolidate merge transfer properties assets exceptions.\n company incurred deferred $ 5. million financing costs.\n 2012 $ 50. million recourse loan collateralized land improvements corporate headquarters.\n seven year term maturity december 2019.\n bears interest one month libor margin 1. 50%. allows prepayment without penalty.\n includes covenants events default.\n requires approval transfers.\n 31 2016 2015 outstanding balance $ 42. million $ 44. million.\n average interest rate 2. 0%. 1. 7%.\n scheduled maturities long term debt 2016.\n 2017 27000\n 2018\n 2019 63000\n2020 25000\n 2021 86250\n 2022 600000\n 27000"
}
{
    "_id": "dd4be6962",
    "title": "",
    "text": "estimates synthetic crude oil reserves prepared petroleum consultants calgary.\n reports exhibits annual report form 10-k.\n team lead 34 years experience since 1986.\n member spe regional director 1998 2001.\n second team member 13 years since 2009.\n registered engineers alberta.\n third-party consultants estimates 80 percent reserves four-year.\n goal 2012.\n level 10 percent estimates accepted within estimates.\n re-examine additional data refine analysis.\n resolution process until estimates within 10 percent.\n differences plan resolve senior management informed.\n changes reserve estimates 2012 2011.\n no third-party audits 2010.\n sewell associates.\n certification december 31 2011 reserves alba field.\n report exhibit annual report form 10-k.\nnsai team industry experience international oil gas companies.\n senior technical advisor bachelor geophysics 15 years experience estimation evaluation.\n second member bachelor chemical engineering master business administration 3 years experience estimation.\n licensed texas.\n ryder scott audits 2012 2011.\n reports annual report 10-k.\n team lead 20 years experience international oil gas company.\n bachelor mechanical engineering member spe reserves committee registered professional engineer texas.\n 571 increase 176 2011.\n reserves.\n 395\n revisions estimates\n improved recovery\n purchases 56\n extensions additions 201\n transfer -70\n end\n additions reserves 56 acquisitions ford shale.\n development drilling added 124 35 15 oklahoma basins.\n gas sharing agreement libyan government added 19 mmboe.\n30 mmboe transferred reserves eagle ford 14 bakken shale.\n costs 2011 2010 $ 1995 million 1107 million $ 1463 million.\n 27 mmboe booked.\n decline curve transient reservoir simulation volumetric analysis.\n continuity certainty criteria booking reserves."
}
{
    "_id": "dd4beb2fa",
    "title": "",
    "text": "devon energy subsidiaries financial statements debt maturities 31 2015 excluding premiums discounts millions.\n 2016 $ 976\n 2017 2014\n 875\n 2019 1100\n 2020 414\n 9763 $ 13128\n $ 3. billion senior credit facility.\n maturity $ 30 million october 24 2017.\n $ 164 million october 24 2018.\n remaining $ 2. 8 billion october 24 2019.\n interest fixed rate options twelve months.\n.\n borrow prime rate.\n annual fee $ 3. 8 million payable quarterly.\n december 31 2015 no borrowings.\n covenant.\n funded debt capitalization 65%.\n debt adjustments.\n noncash write-downs.\n debt-to- capitalization ratio 23. 7%.\n credit facility $ 3. billion short-term credit.\npaper debt maturity 1 90 days 365 days interest rates agreed.\n based federal funds libor money market rate.\n december 31 2015 devon paper borrowings-average borrowing rate 0. 63%.\n issued $ 750 million. senior notes due 2045 unsecured unsubordinated.\n proceeds floating rate senior notes paper balances.\n issued $ 850 million. 85%. senior notes due 2025 unsecured unsubordinated.\n proceeds cash acquisitions."
}
{
    "_id": "dd4bce1c8",
    "title": "",
    "text": "2015 2014 revenue increased $ 41 million.\n constant currency increase expenses $ 238 million 8. 9%. offset by positive impact $ 197 million foreign currency fluctuations.\n growth $ 71 million increase commercial solutions $ 146 million increase research & development solutions $ 21 million increase integrated engagement services.\n decrease costs constant currency profit margin commercial research integrated engagement services.\n currency profit margin expansion offset by higher consolidated revenues lower margin integrated engagement services negative impact foreign currency fluctuations.\n administrative expenses.\n 2016 2015 2014\n expenses $ 1011 $\n revenues.\n $ 196 million increase selling administrative expenses constant currency increase $ 215 million 26. 4%. offset positive impact $ 19 million foreign currency fluctuations.\ncurrency growth $ 151 million commercial $ 158 million merger ims health legacy service $ 32 million research development $ 3 million integrated engagement $ 29 million corporate unallocated expenses $ 37 million merger ims health.\n higher stock-based compensation expense.\n $ 34 million increase expenses increase $ 74 million. offset $ 42 million foreign currency fluctuations.\n $ 14 million increase commercial solutions acquisition $ 40 million research development $ 4 million integrated engagement services $ 14 million corporate unallocated expenses.\n higher stock-based compensation expense q2 solutions transaction."
}
{
    "_id": "dd4979602",
    "title": "",
    "text": "decreased 2015 sales recognized multi-year programs limited large new business awards.\n decreased lower customer funding declining activities warfighter support programs budget reductions.\n 2019 2016 net sales decline loss contracts competitive environment volume contraction contracts.\n operating profit decline losses re-compete programs.\n 2016 margins lower 2015.\n defense systems tactical missiles air-to-ground weapon systems logistics fire control mission operations engineering manned ground vehicles energy management solutions.\n programs pac-3 thaad multiple launch rocket system hellfire jassm javelin apache sniper ae low altitude navigation.\n operating results.\n net sales $ 6770 7092\n operating profit\n margins 18. 9%. 3%.\n backlog year-end $ 15500 $ 13300\nmfc 2019s net sales decreased $ 322 million 5%.\n lower sales $ 345 million air missile defense fewer deliveries lower volume $ 85 million tactical missile fewer increased deliveries.\n higher sales $ 55 million energy solutions increased volume.\n operating profit decreased $ 62 million 5%.\n lower profit $ 100 million fire control programs lower risk retirements $ 65 million tactical missile programs fewer.\n offset higher operating profit $ 75 million.\n $ 60 million lower 2015.\n 2019s net sales increased $ 297 million 4%.\n higher net sales $ 180 million increased volume $ 115 million fire control increased deliveries $ 125 million other programs.\n offset lower net sales $ 115 million tactical missile fewer deliveries.\nprofit decreased $ 35 million 3% 2014.\n lower profit $ 20 million tactical missile adjustments fewer deliveries $ 45 million lower risk retirements.\n offset higher profit $ 20 million air missile defense"
}
{
    "_id": "dd4bc9542",
    "title": "",
    "text": "remitted as dividends after deferred taxes.\n 90% undistributed earnings tax 24% higher disproportionate taxable income low tax rates.\n reconciliation unrecognized tax benefits.\n tax benefits 2013 2012 2011\n balance beginning $ 110. $ 126. 4 $ 197.\n additions 12. 7 44. 5 16.\n prior 9. 2. 5.\n reductions prior years.\n.\n.\n currency.\n end year $ 124. 3 $ 110. 8 $ 126.\n 2013 2012 $ 124. 3 $ 110. 8 unrecognized tax benefits excluding interest penalties $ 63. 1 $ 56. 9 effective tax rate.\n income tax expense $ 2. 4 2013 26. 2012 2. 4 2011.\naccrued balance interest penalties $ 8. 1 $ 7. 2 2013 2012.\n challenged tax deductions subsidiaries.\n 2011 settlement. 3 million $.\n increased income tax expense 2012 $ 43. 8. per share. 3%. effective tax rate.\n reduction unrecognized tax benefits $ 6. 4 $ 11. 0.\n january 2012 supreme court spanish subsidiary 1991 1992.\n second quarter reduction income tax expense $ 58. 3 $. 27 per share 4. 4%. reduction effective tax rate 2012.\n reduction unrecognized tax benefits $ 38. 3 years.\n third quarter unrecognized benefits increased $ 33. 3.\n tax rate.\n.\n third quarter 2011.\n revenue audit 2007 2008 unrecognized tax benefits $ 36. 0 impact earnings $ 23..\n tax benefit $ 8. per share discontinued operations 2011 divested.\n healthcare business.\n examination tax jurisdictions next twelve months.\n change unrecognized tax benefits twelve.\n quantification estimated range."
}
{
    "_id": "dd4ba057a",
    "title": "",
    "text": "stock-based compensation expense grant date fair value options forfeitures.\n compensation expense options vesting.\n options 12337000 13397000 shares common stock $ 106. 08 $ 118. 21.\n total value $ 37 million $ 4 million $ 5 million.\n cash $ 118 million $ 41 million $ 15 million.\n tax benefit $ 41 million $ 14 million $ 5 million.\n no options granted excess market value.\n common stock 29192854 december 31.\n future issuance equity compensation plans 30537674 shares.\n issued 1. 7 million shares treasury stock.\n utilize treasury stock future exercises.\n awards non-employee directors 2012 2010 25620 27090 29040 deferred stock units deferred stock plan.\n liability accounting paid cash.\nno vesting service requirements compensation expense recognized on deferred stock units.\n fair value determined market common stock.\n remeasured achievement financial performance goals over three-year period.\n personnel compensation committee approves final payout.\n awards vesting periods 36 to 60 months.\n incorporated risk-related performance changes compensation programs.\n final payout negative adjustment if performance metrics.\n&cc reduce negative adjustment.\n three-year performance period payable in stock or cash.\n performance-based restricted share units granted 2012 executives stock options same terms conditions 2011 awards.\n weighted-average grant-date fair value $ 60. 68  $ 63. 25 $ 54. 59 per share.\n compensation expense over vesting performance periods.\ntable nonvested incentive awards stock awards 2013 shares.\n 31 2011 nonvested incentive performance shares 830 $ 61. restricted stock shares 2512 $ 54.\n.\n. -831.\n forfeited.\n 31 2012 1119 $ 61. 60.\n shares incentive awards exclude dividends paid cash.\n december 31 2012 $ 86 million unrecognized deferred compensation expense nonvested share compensation arrangements plans.\n five years.\n total fair value incentive/performance stock awards 2012 2011 2010 $ 55 million $ 52 million $ 39 million.\n financial services group.\n"
}
{
    "_id": "dd4bf143e",
    "title": "",
    "text": "fhlb advances borrowings had $. 7 billion floating $. 2 billion fixed-rate advances 2013 2012.\n adjust quarterly libor.\n 2012 $ 650. million converted floating-rate $ 128 million amortized effective interest method.\n paid $ 1. billion advances recorded $ 69. million losses early extinguishment.\n loss extinguishment.\n similar transactions 2013 2011.\n membership maintain fhlb stock investment equal. 12%. bank assets $ 20 million.\n activity based stock investment equal 4. outstanding advances.\n investment fhlb stock $ 61. 4 million $ 67. 4 million 2013 2012.\n qualified collateral advances varies adjusted annual collateral audit creditworthiness.\n advances secured mortgage loans securities.\n 2013 2012 pledged loans $ 3. 9 billion $.8 billion one- to four-family home equity loans collateral advances unused borrowing lines.\n etbh raised capital trusts sold securities capital markets.\n redeemed due date 30 years after issuance.\n trust issued floating rate preferred securities liquidation $ 1000 per security.\n trusts proceeds junior subordinated debentures trust obligations contributed proceeds e*trade bank capital.\n recent issuance 2007.\n face values trusts december 31 2013 face value maturity date annual interest rate.\n 10. 25%. 25 %\n 3. 75%. 75 % 6-month\n. 25%-3. 65%. % 3-month\n. 30%. % 3-month\n 2. 45%-2. 90%. 90 % 3-month\ncapital trust xix 60000 2035 2. 20%-2. 40%. 3-month\n 45000 2036. 10%. % 3-month\n 110000 2037. 90%-2. 3-month\n 433000"
}
{
    "_id": "dd4979094",
    "title": "",
    "text": ".\n financial statements unaudited pro forma results 2003 $ 90. 4 million expense centerpulse recoverable.\n impairment loss litigation $ 54. 4 million cash income tax benefits future cash flows centerpulse 2002.\n less carrying.\n operating loss 5 years 10 depreciation instruments losses future administrative expense tax credits unutilized shorter carry back instrument cost january 1 2003.\n $ 8. 0 million gain sale orquest. undeployed instruments centerpulse.\n prepaid expense pro forma results not indicative obsolescence $ 54. 8 million december 31 2002 results operations administrative expense exchange instruments.\n.\n new method accounting instruments cost assets transfx company june 25 2003 acquired transfx cost external fixation system product line immedica.\n five years.\n $ 14.8 million cash change goodwill technology 31 2003 earnings intangible assets.\n sold transfx cumulative effect accounting product 2001 distribution agreement $ 26. million $ 17. million net tax.\n.\n cumulative effect adjustment $ 55. million income taxes $ 34. million implex.\n capitalization method 2 2004 earnings 31 merger agreement 2003.\n consolidated acquisition implex.\n earnings adjusted orthopaedics new jersey.\n retroactive application depreciation implex stock converted income taxes.\n value $ 108. million closing additional cash earn-out.\n inventories contingent growth implex inventories december 31 2003 2002 product sales 2006.\n net value transferred closing $ 89 million.\n finished goods $ 384. 206\n materials.\n.\n.\n.\nacquisition inventory. purchase.\n $ 527. reserves obsolete slow-moving inventory.\n accounting december 31 2003 2002 $ 47. million orthopaedic $ 45. million.\n provisions joint replacement $. million.\n january 1 2003 instruments 2002 2001.\n long-lived assets property reserve $ 11. 7 million.\n undeployed instruments $ 7. million $ 8. 5 million allowances obsolescence.\n 31 2001.\n accumulated depreciation.\n depreciation computed straight-line method excess.\n change estimate product life cycles earnings $ 3. million tax.\n.\n.\n reviews instruments impairment"
}
{
    "_id": "dd4b91c64",
    "title": "",
    "text": "part a0iii item a010.\n directors executive officers corporate governance see part a0i item 1.\n.\n 201celection directors board governance a016 beneficial ownership reporting compliance proxy statement 2019 annual meeting.\n filed 120 fiscal year form 10-k.\n item a011.\n executive compensation 201ccompensation discussion analysis committee report proxy statement 2019 annual meeting.\n item a012.\n security ownership beneficial owners management stockholder matters proxy statement 2019 annual meeting.\n table december a031 2018 equity plans category number securities issued outstanding options warrants rights weighted-average exercise price options securities future issuance equity compensation plans excluding securities plans.3578241 securities column a include 22290 shares common stock performance stock units maximum performance shares based on financial stock price measures.\n item a013.\n relationships transactions director independence transactions governance 2019 annual.\n.\n accounting fees services 201caudit non-audit fees pre-approval procedures.\n plan category issued options warrants rights weighted-averageexercise price forfuture issuance underequity compensationplans\n equity compensation plans security holders 1471449 $ 136. 62 3578241\n part a0iii item a010.\n directors executive officers corporate governance part a0i item 1.\n.\ninformation item a010 see 201celection directors governance a016 beneficial ownership reporting compliance proxy statement 2019 annual meeting.\n filed 120 after fiscal year form 10-k.\n item.\n executive compensation see 201ccompensation discussion analysis committee report compensation proxy statement 2019.\n item a012.\n security ownership beneficial owners management stockholder matters ownership statement.\n table information december 2018 equity plans category number securities issued options warrants rights weighted-average exercise price options warrants rights securities future issuance equity compensation plans excluding 1471449 $ 136. 62 3578241 securities include 22290 shares common stock performance stock units maximum performance levels achieved number shares based financial stock price measures.\n item a013.\nrelationships transactions director independence a013 transactions governance proxy statement 2019 annual meeting.\n a014.\n accounting fees services 201caudit non-audit fees committee pre-approval procedures 2019 annual meeting."
}
{
    "_id": "dd4bbb276",
    "title": "",
    "text": "performance graph compares shareholder returns standard 2019s technology index 500 stock index past five years.\n investment $ 100 common stock may 31 2002 reinvestment dividends.\n 5 year return global payments. s&p 500 index information technology index.\n $ 100 invested 5/31/02 stock reinvestment dividends.\n fiscal year 31.\n.\n 2002 100.\n 2003 94. 91\n 129. 108 115\n 2005 193. 117\n 260.\n 2007 224. 157.\n purchases equity securities april 5 2007 board directors authorized repurchases common stock up $ 100 million.\n.\n no expiration date.\n repurchased fiscal year ended may 31 2007."
}
{
    "_id": "dd4b99a18",
    "title": "",
    "text": "hologic  inc.\n consolidated financial statements cytyc merger assumed restructuring plans reduce operating expenses consolidating mountain view california operations costa rica massachusetts acquisitions march 2007.\n assumed liability $ 4658.\n twelve months september 27 2008 additional restructuring costs retention.\n third wave acquisition.\n assumed liability termination benefits $ 7509.\n additional restructuring costs.\n costs paid fiscal 2009.\n recorded liability cytyc merger termination employees minimum inventory purchase commitments contractual obligations business discontinued.\n twelve months september 27 2008 incurred $ 6. 4 million expense resignation chairman board directors not included table.\n changes restructuring twelve months 2008 termination benefits.\n beginning balance $ 2014 $ 105\nacquired october 22 2007\n wave july 24 2008 7029\n. 95-3 1820\n adjustments -382 -270\n payments -817\n balance $ 882 $ 1309\n acquisition aeg elektrofotografie r2 technology.\n suros surgical.\n terminate employees.\n liability employee severance $ 3135.\n 95-3.\n september 29 2007 $ 105 paid.\n full payment remaining liability september 27 2008.\n advertising.\n-response.\n trade shows conventions $ 15281 $ 6683 $ 5003 2008 2007 2006 marketing consolidated statements operations."
}
{
    "_id": "dd4b9d80c",
    "title": "",
    "text": "expect transactions income tax expense.\n reorganization reevaluate deferred tax assets.\n operations new corporate structure may recognize non-cash deferred tax expense.\n additional deferred tax expense significant.\n reorganization additional costs.\n expenses new expenses.\n employees.\n board meetings. higher offices.\n incur new expenses professional fees sdrt settlement equity-based awards comply.\n corporate tax laws.\n.\n.\n.\n.\n offices.\n leased premises.\n corporate headquarters 200.\n randolph street chicago illinois 355000 square feet lease expires 2013.\n two five-year renewal options market rates.\n own building pallbergweg 2-4 amsterdam 150000 square feet.\n additional leased properties occupied square footage expiration.\noverlook point lincolnshire illinois 1224000\n 2601 forest woodlands texas 414000\n 383000 2300 orlando florida 364000\n devonshire london 327000\n new york\n 7201 hewitt charlotte carolina 218000\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n locations lincolnshire illinois woodlands texas orlando florida carolina hewitt 2010 solutions.\n.\n 2011 lease 190000 square feet building london.\n.\n 2015 devonshire."
}
{
    "_id": "dd4bacaf0",
    "title": "",
    "text": "international crude oil production sold brent benchmark.\n differential between wti brent prices widened 2011 remained 2012 2010.\n production lower 48 states.\n sold bid-week prices.\n henry hub settlement prices lower 2012.\n decline 2011 2012.\n stabilized increased.\n major natural gas-producing regions.\n europe.\n.\n natural gas sales term contracts less volatile.\n.\n natural gas realizations not track market price movements.\n prices higher.\n produces sells synthetic crude oil.\n impacted operational problems outages.\n prices two-thirds track wti one-third canadian heavy sour crude oil.\n discount wti increased realizations.\n operating cost structure fixed downtime.\n sensitive production rates.\n variable costs natural gas diesel fuel prices.\n benchmark prices revenues variable costs.\n2012 2011 2010\n crude oil dollars bbl $ 94. $ 95. $ 79.\n $ 73. $ 77. $ 65.\n natural gas sales index mmbtu $ 2. 39 $ 3. 68 $. 89\n 73. 77 gas sales 2 89 monthly pricing western canada.\n.\n operations production marketing products natural gas lng methanol.\n lng trade 2012 240 mmt.\n.\n prices not.\n.\n henry hub prices.\n indexed crude oil prices.\n 60 percent ownership lng production facility. long-term.\n sales 3. 8 mmt 4. 1 mmt 3. 7 mmt 2012 2011 2010.\n 45 percent interest methanol plant.\n.\n sales methanol 1. 1 mmt. 0 9 mmt 2012 2011 2010.\nmethanol ampco earnings.\n limited sales prices.\n world demand 2012 49 mmt.\n plant capacity. 2 percent demand."
}
{
    "_id": "dd4bfd5b8",
    "title": "",
    "text": "entergy texas .\n financial dividends distributions common stock.\n earnings available for distribution.\n internally generated funds cash debt stock issuances bank financing.\n refinance redeem debt maturity market dividend.\n debt preferred stock issuances require regulatory approval.\n subject to tests charter.\n capacity capital needs.\n.\n application authority issue $ 200 million short-term debt $ 300 million tax-exempt bonds $. billion long- term securities.\n november 8 2007 issued orders authority two-year period ending november 8 2009.\n receivables money pool december 31 years.\n 2008 2007 2006 2005\n note 4.\n texas credit facility $ 100 million august 2012.\n december 31  2008 $ 100 million outstanding.\nfebruary 2009 entergy texas repaid credit facility proceeds bond issuance.\n june 2 december 8 2008 paid maturity $ 148. 8 million $ 160. 3 million first mortgage bonds debt liability.\n december 2008 borrowed $ 160 million corporation $ 300 million revolving credit facility.\n matured december 3 2013.\n maturity $ 350 million first mortgage bonds december 2008.\n january 2009 repaid $ 160 million bond.\n 2009 issued $ 500 million 7. 125%. mortgage bonds due february 2019.\n proceeds repay $ 160 million $ 100 million credit facility short-term borrowings money pool.\n remaining proceeds repay $ 70 million obligations corporate purposes."
}
{
    "_id": "dd4975250",
    "title": "",
    "text": "republic services.\n financial statements 2014 employee stock purchase plan employees.\n common stock 95% quoted market price last day quarter.\n 2015 issuances totaled 113941 130085 141055.\n shares. 4 million contributions $ 1. 8 million common stock.\n.\n activity.\n shares repurchased.\n paid $ 610. $.\n cost per share $ 63.\n december 31 2017. million repurchased shares pending settlement $ 33. 8 million unpaid accrued liabilities.\n october 2017 added $. billion share repurchase authorization december 31  2020.\n $. million remained prior authorization.\n repurchases open market purchases privately negotiated transactions federal securities laws.\n timing prices determined management market conditions.\nshare repurchase program suspended discontinued.\n purchase capacity $ 1. 8 billion.\n changed 71272964 treasury shares to unissued.\n issued shares.\n common stock.\n $ 2295. 3 million treasury $. 6 million common stock $ 2294. 7 million additional paid-in capital.\n no effect stockholders equity position.\n quarterly dividend $ 0. 345 per share.\n dividends $ 446. 3 million $ 423. 8 million $ 404. 3 million 2016 2015.\n quarterly dividend $ 114. 4 million 2 2018.\n.\n earnings net income.\n average common shares"
}
{
    "_id": "dd4bb25d6",
    "title": "",
    "text": "issuer purchases equity securities section 12 exchange act shares purchased price value.\n price value\n january 1-31 2007 $ 76. $ 651\n february 1-28 2007 $ 75. $ 6731\n march 1-31 2007 8187472 $ 75. $ 6115\n january 16041331 $ 75.\n april 1-30 2007 $ 77. $ 5846\n may 1-31. $ 5485\n june 1-30 2007. $ 5155\n april june 30 11861473 $.\n july 1-31 2007 1646251 $.\n august 1-31 2007 2329478 $ 87.\n september 1-30 $. $ 4642\n july $ 88. 5787200 $ 4642\noctober 2192302 88. 2178500 4448\n november 1-30 1702375. 1692000\n december 1-31 1896612. 1873500 4149\n october. 5791289. 4149\n january december 31 39756386 81. 42 4149\n authorizations stock options 34068 january 20091 february 35772 march 71521 april 225419 may 74233 june 135951 july 82178 august september 13802 october 10375 november 23112 december."
}
{
    "_id": "dd4c0e6ec",
    "title": "",
    "text": "no options granted market value 2011 2010.\n common stock 33775543 at december 31 2011.\n pnc common stock future equity compensation plans 35304422 shares incentive plans employee stock purchase plan.\n issued 731336 shares treasury stock.\n utilize primarily treasury stock future option exercises.\n awards non-employee directors 2011 2010 2009 include 27090 29040 39552 deferred stock units deferred stock unit plan.\n share requires liability accounting cash.\n no vesting service requirements compensation expense recognized deferred stock units.\n fair value determined market common stock.\n remeasured achievement performance goals three-year period.\n.\n vesting periods 36 months to 60 months.\n incorporated changes awards long-term incentive compensation programs.\nincentive performance units future payout negative adjustment risk performance metrics.\n adjustment financial performance metrics.\n grants three-year period payable stock or cash.\n performance-based restricted share units granted 2011 executives stock options.\n payable in stock service condition internal risk-related external market condition.\n based on four one-year performance periods.\n-average grant-date fair value 2011 2010 2009 $ 63. 25  $ 54. 59 $ 41. 16 per share.\n compensation expense awards over performance periods.\n nonvested awards.\n 363 $ 56. 40 2250 $ 49.\n 64. 62.\n -156 59. 51. 27\n forfeited -91 52. 24\n 31 2011 $ 61.54.\n incentive awards exclude dividends paid cash.\n december 31 2011 $ 61 million unrecognized deferred compensation expense nonvested.\n five years.\n total incentive awards 2011 2010 2009 $ 52 million $ 39 million $ 47 million.\n cash-payable units.\n annual bonus incentive deferral plan.\n no market performance criteria.\n compensation expense bonus.\n december 31 2011 753203 cash payable share units outstanding.\n pnc financial services group.\n"
}
{
    "_id": "dd4b8dd76",
    "title": "",
    "text": "fidelity information services.\n subsidiaries financial statements closing stock price december 31 2016 $ 75.\n average value options 2016 2015 2014 $ 9. 35 $ 10. 67 $ 9. 15 black-scholes option pricing model assumptions.\n free interest rate. 2%. 2 %. 4% 4 4 %\n. 4%. 4 %. 7%. 7 %. 2%. 2 %\n. 6%. 6 %. 6% 6 %. 6 %\n expected life 4.\n estimates forfeitures revises.\n risk-free interest rate option.\n securities.\n stock volatility factor historical daily price changes common stock.\n dividend yield current dividend yield.\n life average activity trends.\n granted 1 million restricted stock shares prices $ 56. 44 to $ 79.2016.\n granted 1 million stock shares $ 61. to $ 69.\n $ 52. to $ 64. 2014.\n closing market price annually three years.\n 3 million 4 million unvested shares.\n 2016 balance converted sungard acquisition.\n stock compensation expense $ 137 million $ 98 million $ 56 million 2016 2015 2014.\n $ 2 million 2014 liability awards not capital.\n 2016 2015.\n unrecognized compensation cost non-vested stock awards $ 141 million $ 206 million pre-tax income. 4. 6 years.\n unfunded benefit plan obligations.\n benefits retirement.\n accumulated benefit obligation $ 49 million $ 48 million projected obligation $ 50 million $ 49 million.\n unfunded december 31 2016.\noperations december 7 2016 sungard public sector education businesses $ 850 million.\n&e solutions safety k-12 school districts.\n divestiture financial services.\n received cash proceeds taxes $ 500 million.\n reduce debt.\n businesses.\n transaction closed february 1 2017 pre-tax gain $ 85 million to $ 90 million"
}
{
    "_id": "dd4beac7e",
    "title": "",
    "text": "american tower corporation subsidiaries allocation purchase price finalized 31 2012.\n table summarizes purchase consideration assets acquired liabilities assumed estimated fair value date acquisition purchase price allocation.\n non-current assets $ 2\n property equipment 3590\n intangible assets 1062\n non-current liabilities\n net assets acquired $ 4563\n goodwill\n customer-related intangibles $. 4 million network location intangibles $. 7 million.\n amortized 20 years.\n goodwill deductible tax.\n allocated international rental management segment.\n 2011 agreement.\n.\n. 2126 communications sites $ 182. million.\n december 2011 2012 1526 $ 136. million contingent consideration $ 17. 3 million post-closing adjustments.\n millicom international.\n201cmillicom non interest atc infraco.\n required additional payments conversion barter cash lease agreements.\n estimates contingent payments $ 32. 8 million estimated $ 17. 3 million december 31 2012.\n recorded reduction fair value $ 1. 2 million included operating expenses consolidated statements."
}
{
    "_id": "dd4bb7450",
    "title": "",
    "text": "taxes.\n group bermuda subsidiaries subject to.\n income tax adverse effect company 2019s financial condition results operations cash flows.\n.\n bermuda re 2019s uk branch conducts business subject to taxation.\n bermuda bermuda operation uk taxation.\n operations subject uk income tax adverse impact financial condition results operations cash flow.\n annual reports form 10-k quarterly 10-q current reports 8-k proxy state amendments available internet website. everestre. com securities exchange commission.\n.\n risk factors investment securities.\n if business finan cial condition results operations trading price common shares decline.\n results by catastrophic events.\n exposed to weather natural acts terrorism.\n reduction in operating results inhibit pay dividends meet interest principal obligations.\ncatastrophe pre-tax loss property exposures before reinsurance $ 5. million corporate rein surance taxes.\n third quarter 2005 industrial risk losses excluded from catastrophe losses prior periods adjusted comparison.\n past five years pre-tax catastrophe losses net contract reinsurance before cessions corporate reinsurance.\n 2006 $ 287. million\n 2005 $ 1485. million\n 2004 $ 390.\n 2003 $ 35.\n 2002 $ 30. million\n losses future catastrophic events could exceed projections.\n strategic.\n estimate potential losses decide retrocessional coverage.\n approximations losses may exceed projections.\n focus on potential losses single event.\n techniques estimate loss event.\n non-modeled approaches modeled approaches risks.\nloss reserves inadequate losses income loss.\n required maintain reserves estimated liability adjustment expenses reported claims.\n reserves estimates settlement adminis tration.\n rely data ceding companies brokers actuarial statistical projections.\n inaccuracies 4/13/07 11:08 am page 23. everestre."
}
{
    "_id": "dd4bb987c",
    "title": "",
    "text": "consolidated financial statements 2014financial instruments company distributes products third-party distributors resellers education consumer commercial customers.\n collateral collateral limit credit risk.\n risk credit insurance latin america asia australia third party financing loan lease programs.\n credit-financing arrangements customer.\n recourse credit risk sharing.\n trade receivables not covered collateral flooring credit insurance outstanding distribution retail channel partners.\n no customer more 10% trade receivables september 30 2006 24 2005.\n table summarizes activity allowance doubtful accounts.\n beginning allowance balance $ 46 $ 47 $ 49\n costs expenses\n deductions\n ending balance $ 52 $ 46 47\n written off allowance net recoveries.\nnon-trade receivables company from manufacturing vendors sale raw material.\n purchases from suppliers.\n receivables in totaled $ 1. 6 billion $ 417 million as of september 30 2006 24 2005.\n in net sales profits until products sold end customer cost.\n derivative financial instruments uses foreign exchange risk.\n option contracts hedge future cash flows revenue cost.\n enters interest rate derivative agreements modify interest rate profile investments.\n accounting policies.\n records derivatives balance at fair value."
}
{
    "_id": "dd4bd9f64",
    "title": "",
    "text": "organizational structure republic way operating model fosters high performance culture 360-degree accountability profit loss responsibility local management functional structure expertise.\n markets management market dynamics.\n senior management manages financial performance operations two field groups 1 2.\n western 2 southeastern mid eastern seaboard.\n areas business units.\n provide collection transfer recycling landfill services.\n note 14 segment reporting consolidated financial statements item 8 form.\n productivity cost control initiatives best service.\n fleet automation 75% residential routes converted to automated single-driver trucks.\n labor costs driver productivity emissions safer work environment.\n communities automated vehicles higher participation recycling programs.\n fleet conversion to compressed natural gas 20% fleet natural.\n continue fleet conversion.\n value previous fleet investments.\n13% replacement vehicle purchases 2018 cng vehicles.\n competitive advantage clean emission initiatives.\n cng reduces fleet costs lower fuel expenses.\n operated 37 cng fueling stations.\n seventh largest vocational fleet states.\n average fleet age age.\n residential 7000.\n small-container 4700.\n large-container 4300.\n total 16000.\n onefleet standardized vehicle maintenance program best fleet management truck care maintenance.\n variability"
}
{
    "_id": "dd4bbb848",
    "title": "",
    "text": "\"distribution date.\n until or redemption expiration rights rights traded with common stock.\n until right exercised right holder rights stockholder.\n if acquiring each holder right receive shares common stock market value two times purchase price if company acquired in or 50% assets sold each right shares common stock acquiring company market value two times purchase price.\n after acquisition 50% common stock board directors rights for common stock or junior preferred shares at exchange rate one share common stock per right or half junior preferred share per right.\n prior acquisition 15% common stock redeem rights at price $ 0. 01 per right.\n rights anti-takeover effects cause dilution interest.\n common stock reserved for future issuance december 31 2005 company reserved shares under equity compensation plans.\ncompany collaborations with companies drug discovery development commercialization.\n agreements provide financial support resources research development clinical drug candidates marketing sales products.\n discover develop commercialize pharmaceutical products.\n provide funding contract renewal termination options.\n stock option plans 17739\n vertex purchase plan 842\n 401 ( k ) plan 270\n 18851"
}
{
    "_id": "dd4c4fde0",
    "title": "",
    "text": "hologic inc.\n consolidated financial statements acquisition.\n acquisition aeg material business combination no financial information.\n aeg specializes photoconductor materials electro photographic applications coating digital detectors.\n acquisition allows control detector manufacturing process supply chain improve manufacturing margins.\n combination manufacturing efficiencies research development new detector products.\n privately held warstein manufacturing operations china united states.\n purchase price $ 31300 $ 24100 cash 110 shares hologic common stock $ 5300 $ 1900 acquisition fees expenses.\n determined fair value shares eitf issue.\n 99-12.\n 110 shares subject contingent put options holders resell shares one year closing price stock below threshold.\n repurchase price closing.\n maximum obligation put options $ 4100 if option closing price maximum threshold price.\nshares subject put option september 30 2006 stock price minimum value.\n acquisition one-year eur 1700 $ 2000 usd payable cash 2006 earnings amount.\n eitf issue.\n contingent consideration additional purchase price.\n goodwill increased.\n purchase price.\n net assets acquired may 2 2006 $ 23700\n research development 600\n technology\n customer relationship 800\n trade name 400\n deferred income taxes\n goodwill\n estimated purchase price $ 31300\n revised form 10-q june 24 2006 net asset deferred income tax liability goodwill.\n"
}
{
    "_id": "dd4b8cb06",
    "title": "",
    "text": "7a.\n disclosures market risk millions exposed to market risks interest rates foreign currency balance sheet items.\n use derivative instruments manage risks.\n derivative instruments risk management tools not trading speculative.\n exposure risk relates fair market value cash flows debt obligations.\n majority debt 91% 86% 86 % december 31 2014 2013 bears interest fixed rates.\n debt variable interest rates 10% increase decrease not material interest expense cash flows.\n fair market value debt sensitive changes interest rates impact 10% change interest summarized.\n.\n. 36.\n.\n used interest rate swaps risk management exposure.\n interest rate swaps outstanding december 31  2014.\n $ 1667. 2 cash equivalents marketable securities conservative short-term bank deposits securities.\ninterest income investments subject to domestic foreign interest rate movements.\n 2014 2013 income $ 27. 4 $ 24. 7.\n 100-basis-point increase interest rates income $ 16. cash equivalents securities impacted balances constant.\n subject translation transaction risks.\n.\n changes exchange rates affect revenues expenses.\n.\n primary currencies argentine peso australian dollar brazilian real british pound.\n.\n dollar 10% operating income 4% 4 % currencies international revenue expenses constant 2014.\n operations local currency.\n assets liabilities translated at exchange rates revenues expenses average exchange rates.\n translation adjustments recorded loss.\n foreign subsidiaries collect revenues pay expenses in currency.\n subsidiaries currencies other.\n liabilities susceptible to until final settlement.\ncurrency transaction gains losses included in office expenses.\n not entered foreign currency exchange contracts instruments hedge."
}
{
    "_id": "dd4c42c8a",
    "title": "",
    "text": ".\n financial statements 2014 value options exercised.\n market 2016 2015 2014 $ 46. 6 million $ 99. 2 million $ 130. 6 million proceeds $ 61. 5 million $ 122. 6 million $ 200. 1 million.\n restricted stock unit activity october 29 2016 changes stock units value share.\n october 31 2015.\n units granted.\n lapsed.\n forfeited.\n october 29 2016.\n $ 112. 3 million unrecognized compensation cost unvested awards stock options restricted stock units.\n. 4 years.\n grant-date fair value shares 2016 2015 2014 $ 62. 8 million $ 65. 6 million $ 57. 4 million.\n program since august 2004.\n board authorized repurchase $.2 billion company common stock.\n repurchase shares open market privately transactions.\n repurchase program all shares.\n october 29 2016 repurchased 147. million shares $ 5. 4 billion.\n additional $ 792. 5 million repurchase.\n repurchased shares unissued.\n acquisition linear technology suspended repurchase plan third quarter 2016.\n repurchases shares employee tax withholding obligations stock units options.\n withholding based withholding requirement.\n future repurchases financial performance outlook liquidity cash.\n 471934 authorized shares $ 1. 00 par value stock none issued outstanding.\n board fix designations rights preferences limitations stock issuance."
}
{
    "_id": "dd4c602bc",
    "title": "",
    "text": "710 asphalt-paving contractors government entities roofing shingle manufacturers.\n cements polymerized asphalt emulsions industrial asphalts.\n subsidiary sells gasoline merchandise outlets speedway superamerica brands.\n diesel fuel sold.\n merchandise prepared foods beverages non-food items proprietary items.\n 1617 retail outlets nine states.\n refined products 15 percent sales volumes.\n non-petroleum merchandise $ 2838 million 2008 $ 2796 million 2007 $ 2706 million 2006.\n demand gasoline seasonal summer.\n profit merchandise services less volatile.\n sold interest pilot travel centers.\n.\n crude oil refined products midwest gulf coast refineries terminals.\nmpl orpl systems 1815 miles crude oil 1826 miles refined product lines 34 11 states.\n largest petroleum.\n subject to state federal regulations tariffs.\n third parties generated 11 percent oil shipments 2008.\n transported volumes last three years.\n barrels 2007.\n crude oil 1405\n refined products lines 960\n own 176 miles crude oil 850 miles refined products lease 217 miles.\n partial ownership pipeline companies 780 miles crude oil 3000 miles refined products 800 miles mpl.\n mpl operates private pipelines 985 miles crude oil 160 miles natural gas pipelines.\n refined product lines cardinal wabash pipeline.\n kenova columbus.\n wabash robinson chicago.\n refined product pipelines mpl extend robinson louisville garyville zachary texas pasadena."
}
{
    "_id": "dd4b9e8ce",
    "title": "",
    "text": "manufactures systems order backlog customer commitments.\n orders authorizations accepted shipment next 12 months contractual service revenue maintenance fees next 12 months.\n backlog segment october 25 26 2014 2015 2014 millions.\n silicon systems $ 1720  55% 55 % ) $ 1400  48% %\n global services 812 26% 26 % 775 27% 27 %\n 525 16% 16 % 593 20%\n energy environmental solutions 85  3% 3 % 149 5% 5 %\n $ 3142  100% 100 % $ 2917\n backlog not indicative sales changes delivery order cancellations.\n.\n backlog business.\n activities assembly test integration parts components subassemblies.\n distributed manufacturing model countries germany israel italy singapore taiwan united states.\napplied uses vendors parts assembly services products customer sites.\n suppliers not always possible.\n key parts obtained single.\n seeks reduce costs risks service interruptions selecting qualifying alternate suppliers financial condition inventories qualifying new parts ensuring quality performance."
}
{
    "_id": "dd4bfa584",
    "title": "",
    "text": "management estimate possible loss unfavorable outcome in tobacco-related cases management provided amounts financial statements for unfavorable outcomes.\n legal defense costs expensed.\n altria group.\n subsidiaries success managing litigation.\n subject to uncertainty challenges remain.\n possible consolidated results operations cash flows financial position. affected by unfavorable outcome litigation.\n.\n subsidiaries believe valid defenses bases for appeal adverse verdicts.\n defended against litigation challenges.\n altria group.\n subsidiaries may enter settlement discussions if.\n.\n.\nusa tobacco-related litigation types claims tobacco smoking health cases personal injury plaintiffs personal injury court- supervised programs medical claims health care cost recovery cases governmental plaintiffs reimbursement health care expenditures cigarette smoking disgorgement profits class action suits 201clights deceptive unfair trade practices fraud unjust enrichment breach warranty violations racketeer corrupt organizations act other tobacco litigation.\n theories recovery defenses smoking recovery 201clights lights 201d cases.\n table lists tobacco-related cases united states against pm usa altria group.\n 2014 2013 2012.\n smoking health cases 67 77 class actions aggregated litigation 5 6 7 health care cost recovery actions 1.\ncase 31 2014 2013 31 2012\n smoking health cases 67\n smoking health class actions claims litigation 5 6 7\n health care cost recovery actions\n class actions\n include 2558 cases flight attendants compensatory damages injuries environmental tobacco smoke.\n flight attendants members ets smoking health class action florida settled 1997.\n lawsuits punitive damages.\n include smoking health cases plaintiffs florida state federal courts decertification engle case.\n includes 600 civil actions 346 against pm usa west virginia.\n virginia supreme court appeals constitution preclude trial two phases.\n issues conduct punitive damages first.\n trial began april 2013.\n2013 jury design defect negligence failure warn breach warranty concealment declined damages.\n plaintiffs ventilated filter cigarettes instructions 1964 1969.\n second phase trials liability damages.\n 2013 trial court denied motions.\n judgment october 2013 november plaintiffs appeal west virginia.\n 2014 affirmed judgment.\n rehearing denied january 8 2015.\n health care cost recovery litigation government lawsuit.\n altria group.\n financial statements."
}
{
    "_id": "dd4bcab5e",
    "title": "",
    "text": "consolidated financial statements 72 snap-on reconciliation unrecognized tax benefits.\n unrecognized tax benefits december 31 2006 21.\n increases 2013.\n decreases.\n increases.\n settlements taxing.\n.\n unrecognized tax benefits december 29 2007 $ 18.\n. unrecognized tax benefits $ 16. 2 million income tax rate.\n interest penalties tax expense.\n 29 2007 2006 2005 recognized $ 1. 2 million. 5 million. million net interest expense.\n $ 3. 4 million 2. 2 million $ 1. 7 million accrued interest unrecognized tax benefits 2007 2006 2005.\n 12 months changes unrecognized tax benefits additional interest expense.\n snap-on subject.\n federal state/local income tax examinations 2003.\n tax examinations 2001.\nundistributed earnings non.\n subsidiaries totaled $ 338. million $ 247. 4 million $ 173. 6 million 2007 2006 2005.\n snap-on deferred taxes invested.\n tax.\n american jobs creation act 2004 tax incentive.\n tax deduction dividends.\n snap-on repatriated $ 93 million 2005 additional income tax expense $ 3. million.\n short-term long-term december 29 2007 $ 517. 9 million no.\n 2006 $ 549. 2 million $ 314. million commercial paper.\n-on presented $ 300 million commercial paper.\n sold $ 300 million unsecured notes $ 150 million floating rate $ 150 million fixed rate.\n floating three-month london interbank offer rate. payable quarterly.\n fixed rate. payable semi-annually.\nsnap-on used proceeds $ 1. 5 million obligations acquisition.\n january 2007 terminated $ 250 million credit agreement."
}
{
    "_id": "dd497e4cc",
    "title": "",
    "text": "proportional free cash flow non-gaap operating activities less maintenance non-recoverable environmental expenditures adjusted impact noncontrolling interests.\n cash flows adjustments subsidiaries adjustment factor.\n accounting guidance service concession arrangements january 1 2015 capital expenditures investing operating activities.\n note 1 accounting policies.\n march 31 2015 changed definition proportional free cash flow exclude capital expenditures service concession.\n adjustment factor.\n exclude environmental capital expenditures recovered regulatory contractual mechanisms.\n ipl's investment mats-related environmental upgrades.\n item.\n proportional free cash flow operating activities.\n reflects business performance cash generated after maintenance expenditures investing repaying debt.\n impact noncontrolling interests results subsidiary not wholly-owned.\n free cash flow limitations.\nfree cash flow operating activities.\n excludes debt service dividend payments.\n.\n calculation proportional free cash flow millions 2015.\n net cash operating activities $ 2134  $ 1791  $ 2715  $ 343  $ -924\n capital expenditures service concession assets\n adjusted operating cash flow 2299  1791  2715  508  -924\n proportional adjustment factor operating cash activities -558 -359 -834 -199\n adjusted operating cash flow 1741  1432  1881 -449\n maintenance capital expenditures reinsurance proceeds -485 -535\n non-recoverable environmental capital expenditures -75\n free cash flow $ 1241  $ 891  $ 1271  $ 350  $ -380\nservice concession asset expenditures excluded from free cash flow metric.\n proportional adjustment factor maintenance capital expenditures non-recoverable environmental capital expenditures calculated noncontrolling interests cash flow metric.\n parent company a owns 20% b.\n 80% noncontrolling interest.\n net cash flow $ 100 proportional adjustment factor $ 80.\n calculates adjustment factor business sums total adjustment factor.\n differ income noncontrolling interests.\n includes adjustment service concession asset expenditures $ 84 million 2015.\n.\n excludes recoverable environmental capital expenditures $ 205 million $ 163 million $ 110 million 2014 2013."
}
{
    "_id": "dd4bc2bac",
    "title": "",
    "text": ".\n junior subordinated debt securities issued march 29 2004 $ 329897 thousand 6. 2%. securities may 24 2013.\n incurred pre-tax expense $ 7282 thousand amortization capitalized issuance costs securities.\n interest expense.\n 2014 2013 2012\n interest expense\n guarantee payment obligations.\n.\n reinsurance trust agreements subsidiaries investments security assumed losses non-affiliated ceding companies.\n december 31 2014 total deposit trust accounts $ 322285 thousand.\n april 24 2014 two collateralized reinsurance agreements kilimanjaro bermuda reinsurer catastrophe reinsurance coverage.\n multi-year storm earthquake events.\n first agreement $ 250000 thousand reinsurance coverage storms southeastern united.\nsecond agreement provides $ 200000 thousand storms southeast mid-atlantic northeast united states puerto rico earthquakes.\n november 18 2014 company collateralized reinsurance agreement kilimanjaro.\n multi-year covers earthquake events.\n $ 500000 thousand earthquakes united states puerto rico canada.\n kilimanjaro financed catastrophe bonds investors.\n april 24 2014 issued $ 450000 variable rate notes.\n november 18 2014 issued $ 500000 notes.\n proceeds held reinsurance trust invested us government funds rating."
}
{
    "_id": "dd4c1fa00",
    "title": "",
    "text": "consolidated results acquisition valves controls october 1 2015.\n not indicative.\n net sales $ 16201\n earnings $ 1482\n diluted earnings per share $ 2.\n results year acquisition charges $ 122.\n acquisition costs $ 52 2017.\n sold residential storage business $ 200 cash loss $ 40 2018 nondeductible goodwill.\n $ 140 after-tax cash proceeds sale.\n sales $ 298 pretax earnings $ 15 2017 leader home organization storage systems.\n held-for-sale 30.\n acquired six businesses 2016 two.\n cash $ 132 .\n annualized sales $ 51 2016.\n recognized goodwill $ 83 $ 27 tax deductible intangible assets $ 50  customer relationships intellectual property life nine years.\neight acquisitions 2015 automation one tools home sales $ 115.\n cash $ 324.\n goodwill $ 178 $ 42 tax deductible intangible assets $ 128 intellectual property ten years.\n 2015 power transmission solutions $ 1. 4 billion pretax gain $ 939 $ 532 $. per share.\n assets $ 182 $ 374 accrued expenses $ 56.\n share repurchase.\n industrial automation sales $ 189 pretax earnings $ 21.\n couplings bearings components components services.\n sold intermetro commercial storage business $ 411 pretax gain $ 100 $ 79. per share.\n sales $ 288 pretax earnings $ 42 commercial residential solutions segment.\nliabilities sold assets $ 62 accounts receivable inventories $ 292 property plant equipment goodwill liabilities $ 34 accounts payable $ 9.\n intermetro manufacturer supplier storage transport food commercial health care.\n acquired businesses included.\n discontinued operations 2017 portfolio growth core.\n november 30 2016 network power systems $ 4. 0 billion retained interest distributions equity holders threshold return.\n.\n january 31 2017 power generation motors drives $ 1. 2 billion"
}
{
    "_id": "dd496f454",
    "title": "",
    "text": "tower corporation subsidiaries financial statements 2014 reporting units transitional impairment testing verestar single segment unit december 2002.\n impairment charge $ 189. 3 million.\n fair value third party appraisal.\n network development services units kline specialty constructors galaxy mts components flash technologies.\n value cash flows market information.\n impairment charge $ 387. 8 million december 31 2002.\n full impairment except kline partial impairment.\n assets sold december 31 2003 except kline tower construction services unit sold march november 2004.\n rental management third party appraisal not impaired.\n intangible assets amortization 31.\n acquired customer base network intangibles $ 1369607 $ 1299521\n deferred financing costs\nlicenses intangibles 43404\n 1502747 1454130\n amortization -517444 -434381\n intangible assets 985303 1019749\n amortizes assets three fifteen years.\n 2004 2003 $ 97. 8 million $ 94. 6 million excluding deferred financing costs.\n expects $ 97. 8 million $ 95. 9 million $ 92. $ 90. 5 million $ 88. 8 million 2005 2006 2007 2008 2009.\n.\n loaned tv azteca.\n.\n $ 119. 8 million.\n. discounted interest rate.\n amended 2003 interest rate. 11%.\n december 31 $ 119. 8 million undiscounted $ 108. 2 million discounted long-term assets.\n seventy years prepaid"
}
{
    "_id": "dd4bb6398",
    "title": "",
    "text": "financial statements 2014 table summarizes changes non stock awards 31 2009 grant-date fair value.\n non-vested 31 2007 278 37\n granted\n -136 30\n forfeited\n 2008 518 39\n granted\n forfeited\n 2009 762\n average grant-date fair value 2007 $ 38 $ 45 .\n total value $ 6. 2 million $ 4. 1 million $ 1. 7 million.\n recognized compensation expense stock $ 9. 5. 7 million 2. 7 million.\n $ 23. million unrecognized compensation cost unvested stock awards.\n employee stock purchase sale 2. 4 million shares common stock authorized.\n $ 25000 20% annual compensation.\n shares purchased 85% market value last quarterly purchase period.\n 31 2009.8 million shares issued plan 1. 6 million future.\n average value $ 6  $ $ 8 2009 2008 2007.\n 15% discount.\n 2009 performance new segment structure.\n june 2008 acquisition 51% hsbc merchant services expansion.\n august reportable segments north america merchant international money transfer.\n tables reflect changes segments 2009 2008 2007."
}
{
    "_id": "dd497d70c",
    "title": "",
    "text": "2015 $ 82 million recapture impaired loans $ 91 million 2014.\n charge-offs commercial loans $ 12 million $ 42 million 2014.\n december impaired loans $. 3 billion $. 9 billion.\n decline derecognition policy.\n increases provision recapture reclassification non accretable yield.\n transactions removal loans cash flow estimation.\n flow re- estimation quarterly.\n accretable yield 2015 2014 table 66 purchased impaired loans 2013 yield.\n millions 2014\n january 1 $ 1558 $ 2055\n cash recoveries -466 -587\n reclassifications accretable non-accretable 226\n disposals -68 -118\n 31 $ 1250 $ 1558\n allowances loan lease losses unfunded commitments credit losses.\nsegments commercial consumer methodologies 1 accounting.\n rollforward loan data.\n pnc financial services group.\n 2013 form 10-k"
}
{
    "_id": "dd4baed28",
    "title": "",
    "text": "graph compares shareholder return pmi common stock peer group s&p 500 index.\n assumes investment $ 100 december 31 2012 pmi common stock new york stock exchange market reinvestment dividends quarterly.\n&p 500.\n 2012 $ 100.\n 2013 108. 122. 132.\n 2014 106. 150.\n 2015 120. 143. 152\n 130. 145 170.\n 2017 156. 172. 208.\n pmi peer group prior year reynolds american.\n removed acquisition british american tobacco.\n 25 2017.\n group established global presence focus consumer products net revenues market capitalization similar.\n international tobacco companies.\n group altria. anheuser-busch inbev british american tobacco. coca-cola colgate-palmolive.diageo heineken. imperial brands japan tobacco. johnson kimberly-clark kraft-heinz mcdonald's. mondel. pepsico. procter gamble roche unilever.\n."
}
{
    "_id": "dd4c2131e",
    "title": "",
    "text": "contents.\n financial statements acquisition provides two annual earn-out payments $ 15000 biolucent revenue targets.\n 95-8 contingent consideration additional purchase price.\n goodwill increased.\n recorded earn-outs.\n allocation purchase price fair value assets acquired liabilities assumed september 18 2007.\n.\n assets acquired $ 2800\n developed technology how 12300\n customer relationship 17000\n trade name 2800\n deferred income tax liabilities\n goodwill 47800\n final purchase price $ 73200\n intangible assets identified valued.\n customer relationship trade name technology identifiable values.\n fair value determined income approach.\n customer relationship base disposable product.\n trade name biolucent product.\n developed technology marketable products.\ndeferred income tax liability acquired assets value adjustments inventory not deductible offset by net operating loss $ 2400.\n.\n sale gestiva january 16 2008.\n rights k-v pharmaceutical approval drug application purchase price $ 82000.\n received $ 9500 purchase price 2008 balance due approval february 19 2010 commercial launch.\n terminate agreement if approval not february 19 2010.\n continue efforts fda approval.\n costs reimbursed by k-v pharmaceutical recorded credit against research development expenses.\n reimbursed costs.\n recorded $ 9500 deferred gain balance.\n gain recognized closing transaction fda approval.\n assure fda approval transaction balance purchase price.\nk-v pharmaceutical terminates agreement breach return funds expenses reimbursed.\n hologic inc november 24 2009 morningstar information not copied adapted not warranted accurate complete timely.\n user assumes risks damages losses.\n past financial performance guarantee future results."
}
{
    "_id": "dd496daaa",
    "title": "",
    "text": "revenues $ 3. 8 billion 2017 739 million 2016 rrps japan.\n excise taxes.\n $ 3. 6 billion 2017 $ 733 million 2016.\n not excise taxes.\n $. 9 billion. 6 billion revenues iqos devices accessories.\n excise taxes increased $ 1. billion due 2022 higher excise taxes. offset 2022 favorable currency $ 1. 9 billion lower excise taxes volume/mix $ 1. billion.\n cost sales marketing administration research costs operating income years 31.\n cost sales.\n marketing research costs.\n operating income.\n sales increased $ 1. billion 2022 higher cost. offset lower manufacturing costs $ 36 million favorable currency $ 30 million.\nresearch costs increased $ 320 million 2022 expenses $ 570 million reduced-risk products european union asia offset 2022 currency $ 250 million.\n operating income increased $ 688 million 2022 price increases $. 4 billion unfavorable currency $ 157 million.\n interest expense $ 914 million increased $ 23 million currency higher debt higher interest income.\n effective tax rate increased. points 40. 7%.\n 2017 tax rate impacted $ 1. 6 billion tax cuts jobs act.\n item 8.\n.\n impact tax liability.\n 2018 effective tax rate 28% ( 28 % subject regulatory developments.\n.\n tax benefits.\n.\n net earnings $ 6. billion decreased $ 932 million.\n higher tax rate higher operating income.\n $. decreased. 4%.\n"
}
{
    "_id": "dd49736c6",
    "title": "",
    "text": ".\n capital stock shares outstanding.\n table information.\n thousands december 31 2017 31 2016\n class common stock authorized 1000000\n issued outstanding 339235 338240\n b-1 common stock.\n b-2.\n b-3 stock.\n b-4 common stock.\n cme group no shares preferred stock.\n trading rights.\n members cme cbot comex own lease trading rights open outcry trading discounts fees right vote exchange matters rules cme group.\n cme b common stock membership division trading.\n separate asset not common stock.\n shareholders retain representation board directors approval rights.\n trading rights cbot evidenced b memberships nymex.\n rights elect board directors receive dividends distributions memberships trading permits.\n.\nholders cme group class b shares approve changes rights trading privileges cme.\n trading right fee protections membership benefit protections.\n votes weighted by class.\n b-1 six b-2 two b-3 one b-4 1/6th.\n approval majority votes holders b required changes.\n holders shares class a stock vote changes rights.\n.\n holders vote together matters.\n each holder b one vote per share.\n.\n certificate incorporation.\n prohibit sale transfer shares separate sale trading rights.\n election directors.\n cme group board 20 members.\n holders class b-1 b-2 b-3 six directors three elected by b-1 two b-2 one b-3 shareholders.\n remaining directors elected by class a b shareholders."
}
{
    "_id": "dd4c2e3fc",
    "title": "",
    "text": "january 1 2019 assets transferred from products pipelines to natural gas pipelines.\n small terminals transferred between products pipelines terminals.\n products pipelines against pipelines major oil companies trucking marine transportation firms.\n terminals transmix refineries.\n refined petroleum crude oil chemical ethanol liquid terminal facilities petroleum coke metal ores facilities.\n terminals located.\n canada.\n flexibility customers expansion opportunities.\n terminal operations handling liquids or dry-bulk.\n marine operations include jones act-qualified product tankers marine transportation crude oil condensate refined petroleum between.\n ports.\n terminals assets december 31 2018.\n liquids terminals 52.\n bulk terminals\n jones act tankers.\neffective january 1 2019 terminals transferred pipelines.\n largest independent liquids north america.\n terminals compete oil chemical pipeline refining companies.\n bulk terminals compete distributors.\n smaller.\n jones act-qualified product tankers compete vessel fleets.\n co2 business segment produces transports markets co2 oil recovery projects.\n co2 pipelines assets co2 supply transportation services.\n hold ownership oil-producing fields crude oil pipeline permian basin west texas."
}
{
    "_id": "dd4ba2654",
    "title": "",
    "text": ".\n derivative contracts hedges gains losses reported income earnings.\n ineffectiveness recognized earnings.\n contracts not recorded fair value gain loss recognized earnings.\n enter foreign currency option contracts reduce exchange rates euro pound yen.\n foreign currency derivatives hedging same currencies duration.\n forward contracts subsidiary trade loan payables receivables foreign currencies.\n recorded fair value gain loss recognized.\n option contracts hedge anticipated foreign currency transactions.\n cash hedges impact earnings cost sales.\n foreign currency forward contracts currency swaps fair value hedges.\n maturities 12 months.\n operations exposed interest rates.\n costs.\n address risks controlled risk management derivative instruments.\n limit impact earnings.\n interest rate risk exposure short-term.\n interest rates.\ninterest rate exposures balance xed debt investment positions swaps.\n debt fair value hedges.\n cash hedg.\n interest expense debt adjusted payments swap agreements.\n goodwill intangibles not amortized.\n intangibles amortized lives 5 to 20 years.\n-average amortization product technology 12 years.\n amortization expense 2008 2007 2006 $ 193. 4 million $ 172. 8 million $ 7. 6 million before tax.\n $ 280 million before.\n included cost sales.\n note 3 goodwill intangibles 2008 2007.\n assets december 31.\n goodwill $ 1167. $ 745. 7\n technology 2014 gross 3035. 1767.\n less accumulated amortization.\n 2688. 1604\n intangibles 243.\n less accumulated amortization.38.\n intangibles 2014 197. 104.\n $ 4054. $ 2455.\n reviewed recoverability annually impairment indicators.\n impairments value 2008 2007 2006.\n property equipment cost.\n provisions depreciation computed straight-line estimated lives 12 50 years 3 18 years equipment.\n review value long-lived assets impairment"
}
{
    "_id": "dd4c60bae",
    "title": "",
    "text": "financial statements 2013 millions share guaranteed obligations subsidiaries operating leases uncommitted lines credit.\n company guarantees lease obligations $ 829. 2 $ 857. 3 december 31 2017 2016 uncommitted lines credit $ 491. 0 $ 395. 6.\n non-payment obligated pay amounts.\n no material assets pledged guarantees.\n estimated future obligations payable cash december 31.\n 2021 2022\n deferred acquisition payments $ 41. 9 $ 27. 5. 24 $ 121.\n redeemable noncontrolling interests call options.\n contingent acquisition payments $ 79. $. 34 268.\n entered acquisitions redeemable noncontrolling interests call options similar terms conditions.\n estimated amounts paid earliest date.\nredeemable noncontrolling interests exercisable at discretion owners as of december 31 2017.\n estimated payments of $ 24. 8 included within total payments 2018 into 2019 until exercised or expired.\n at current exercise price payable cash not redemption value.\n majority payments contingent upon operating performance targets conditions agreements subject to revision.\n see note 4 for information payment structure acquisitions.\n involved in legal proceedings subject to investigations inspections audits inquiries governmental authorities.\n allegations contract employment tax intellectual property.\n evaluate cases record liabilities for losses from proceedings.\n certain cases loss litigation early stages.\n management believes financial condition operations cash flows.\napril 10 2015 federal judge brazil authorized search agency offices e3o paulo brasilia investigation payments government contracts.\n company investigated remedial disciplinary actions.\n concluding settlement government.\n contacted justice antitrust video production practices cooperating."
}
{
    "_id": "dd4b9b93a",
    "title": "",
    "text": "increased $. 8 million to $ 7. 2 million 2015 from 6. 4 million 2014.\n due higher losses foreign currency exchange rate changes instruments.\n income taxes increased $ 19. 9 million to $ 154. 1 million 2015 from 134. 2 million 2014.\n effective tax rate 39. 9%. 2015. 2%. 2014.\n due increased non costs fitness acquisitions.\n revenues increased $ 752. 3 million. $ 3084. 4 million 2014 2332. 1 million 2013.\n revenues product category summarized.\n apparel 2291520 1762150 529370.\n footwear.\n accessories.\n sales 2997916 2277073.\n.\n fitness.\n revenues 3084370 2332051 752319. 3%.\nnet sales 2022 apparel training hunt golf footwear running basketball.\n license revenues increased $ 13. 3 million. 7%. $ 67. 2 million 2014 $ 53. 9 million 2013.\n increased distribution volume growth.\n fitness revenue increased $ 18. 1 million to $ 19. 2 million 2014 1. million 2013 gross profit increased $ 375. 5 million $ 1512. 2 million 1136. million 2013.\n increased 30 points 49.\n driven increase decreased excess higher duty costs.\n offset decrease foreign currency exchange rate fluctuations."
}
{
    "_id": "dd4bb027c",
    "title": "",
    "text": "2006 plan 2008 vested nonforfeitable.\n awards granted after 2008 employees consultants waste industries.\n subsidiaries not republic services.\n.\n 31 2010. million shares common stock future grants 2006 plan.\n binomial option-pricing model.\n compensation expense straight period retirement.\n volatility one-year historical rolling average.\n risk-free interest rate federal reserve rates.\n historical data estimate future option exercises.\n valuation.\n weighted-average estimated values stock options 31 2010 2009 2008 $ 5. 28 $ 3. 79 $ 4. 36 per option assumptions.\n volatility 28. 6%. 6 %. 7%. 7 %. 3%. 3 %\n-free interest. 4%. 4 %. 4%. 7%. 7\n dividend. 9%. 9 %.1%. 1 %. 9% 9 %\n life.\n life 7\n forfeiture rate. 0%. 0 %. 0 %. 0% 0 %\n services.\n financial statements"
}
{
    "_id": "dd4c57b08",
    "title": "",
    "text": "financial statements 2006 2005 2004 gains losses securities.\n cost securities based identification method.\n merchandise inventories lower cost retail.\n excess current cost $ 5. million 2006 $ 6. 3 million 28 2005.\n.\n reserves decreased. million. 2 million 2005 2004 increased $. 7 million 2003.\n costs warehousing distribu capitalized inventory.\n 2005 expanded inven departments profit 10 to 23.\n impact reduction gross profit decrease inventory $ 5. 2 million.\n pre-opening expensed incurred.\n property recorded cost.\n depreciation amortization estimated lives.\n land improvements\n furniture equipment\n improvements leased properties amortized lease term.\nimpairment long-lived assets company evaluates carrying value operating perform future cash flows appraised values.\n net book value cash flow analysis.\n value less cost sell.\n recorded impairment charges $ 0. 5 million $ 0. 6 million 2004 2003 $ 4. 7 million carrying value homerville 2004.\n $ 0. 6 million 2005 $ 0. 2 million 2004 2003 carrying value negative sales trends cash flows.\n charges included expense.\n assets long-term invest- ments debt issuance costs utility security deposits life insurance policies goodwill.\n vendor rebates new store volume purchase promotional allowances.\n inventory purchases cost goods.\n.\n rent expense recognized over term lease.\ncompany records minimum rental expense lease term possession store opening improvements fixtures.\n lease escalation recognizes rent expense records difference deferred rent.\n receives tenant allowances recorded deferred rent amortized rent expense.\n difference calculated expense paid reflected liability accrued expenses consolidated balance sheets approximately $ 25. 0 million"
}
{
    "_id": "dd4bcca62",
    "title": "",
    "text": ".\n construction completed december 2003.\n due lower financing costs final lease balance lowered to $ 103. 0 million.\n five-year lease completion.\n end term purchase balance remarket relinquish.\n sale unrelated party pay lessor shortfall lease balance to maximum recourse $ 90. 8 million value guarantee 201d.\n note 14.\n august 1999 five-year lease agreement two office buildings corporate headquarters san jose california.\n option purchase buildings balance approximately $ 142. 5 million.\n evaluating alternative financing methods expiration lease fiscal 2004 options.\n purchase remarket relinquish.\n pay shortfall lease balance maximum recourse $ 132. 6 million value guarantee 201d.\n note 14.\n two lease agreements subject to standard financial covenants.\n limit indebtedness.\nleverage covenant requires debt to ebitda ratio less than. 5:1.\n november 28 2003 debt ratio. 53:1.\n liquidity covenant quick ratio equal 1.\n 2003 ratio 2. 2 above minimum.\n expect remain compliance next 12 months.\n comfortable limitations impact cash credit business plan.\n table summarizes contractual commitments november 28 2003 less than 1 year 2013 3 years 3-5 years 5 years non-cancelable operating leases sublease income.\n $ 83. $ 23. $ against intellectual property infringement.\n costs not significant unable estimate impact future results.\n commitments milestone retention payments acquisitions.\n employee retention agreements totaling $ 2. 2 million.\n payments satisfaction conditions.\n indemnify officers directors events.\n covers lifetime.\n maximum future payments indemnification agreements unlimited director officer insurance coverage limits exposure amounts.\n estimated fair value agreements minimal.\n less than 1 year 1-3 years 3-5 years over 5 years\n non-cancelable operating leases sublease income $ 83. $ 23. $ 25. $. $ 18.\n.\n construction completed december 2003.\n lower financing construction costs final lease balance lowered to $ 103. million.\n five-year lease completion.\n purchase lease balance remarket relinquish.\n pay shortfall remarketing proceeds lease balance $ 90. 8 million.\n.\n august 1999 five-year lease agreement two office buildings headquarters san jose.\n option purchase term balance approximately $ 142. 5 million.\n evaluating alternative financing expiration lease 2004.\nend lease term purchase buildings remarket or relinquish.\n sale unrelated party pay lessor shortfall remarketing proceeds lease balance maximum recourse $ 132. 6 million.\n see note 14 financial statements.\n two lease agreements subject standard financial covenants.\n limit indebtedness.\n leverage covenant debt to ebitda ratio less than 2. 5:1.\n november 2003 ratio. 53:1\n liquidity covenant quick ratio 1. 0\n ratio 2. 2\n compliance 12 months.\n comfortable limitations impact cash credit business plan.\n table summarizes contractual commitments 2003 less than 1 year 3 years 3-5 years 5 years non-cancelable leases sublease income.\n. varying scope against intellectual property infringement.\n costs not significant unable estimate impact future results.\n commitments to milestone retention payments acquisitions.\n purchases technology assets fiscal 2003 employee retention agreements $ 2. 2 million.\n required payments satisfaction conditions.\n delaware law indemnify officers directors for events.\n indemnification covers lifetime.\n maximum future payments unlimited director officer insurance coverage limits exposure future amounts paid.\n estimated fair value indemnification agreements insurance coverage minimal."
}
{
    "_id": "dd4b8c110",
    "title": "",
    "text": "tower corporation subsidiaries valuation allowance increased $ 47. 8 million 2009 to $ 48. 2 million 2010.\n due foreign loss carryforwards.\n valuation allowance $ 48. 2 million state net operating loss carryforwards equity investments foreign items.\n remaining deferred tax assets federal net operating loss carryforwards taxable income.\n valuation allowances reversed if deferred tax assets realizable.\n assessed.\n decrease depreciation.\n not dependent on improvements operations asset sales non-routine transactions.\n realized.\n deferred tax assets include $ 122. 1 million $ 113. 9 million excess tax benefits employee stock options.\n stockholders 2019 equity increased by $ 122. 1 million if excess tax benefits realized.\ndecember 31 2010 company loss carryforwards future income $ 1. 2 billion losses employee stock options $ 0. 3 billion.\n loss carryforwards expire.\n years\n 2011 to 2015\n 2016 to 2020\n 2021 2025\n 2026 to 2030\n mexican tax credits $ 5. 2 million expire 2017."
}
{
    "_id": "dd4c323bc",
    "title": "",
    "text": "tower corporation subsidiaries financial statements december 31 2010 2009 had $ 295. 4 million $ 295. 0 million net $ 300. million 7. 25%. 25 % notes.\n carrying value discount $ 4. 6 million $ 5. 0 million.\n. convertible notes. matured february 15 2010 interest payable semiannually february 15 august 15.\n. notes convertible shares common stock conversion price $ 51. 50 per share.\n december 31 2010 2009 company $ 59. 7 million outstanding 5. 0% 5\n. 25% issued maturity december 1 2011 interest payable semi-annually june 1 december 1 each year.\n. guaranteed company wholly owned subsidiaries.\n payment indebtedness sister guarantors.\n.25 % notes senior indebtedness convertible revolving credit term loan.\n 31 2010 issued notice redemption. 25%. notes.\n. redeemed equal 100. principal amount accrued unpaid interest excluding september 23 2010 purchase price $ 0. 3 million.\n 2009. million.\n capital lease obligations $ 46. 3 million $ 59. million 2010 2009.\n obligations interest rates 2. 5%. to 9. 3%. one year seventy years.\n value long-term debt capital leases five years estimated.\n 2011 74896\n 2012 625884\n 2013\n 2014 1750479\n 2015 600489\n 2541858\n cash obligations 5594224\n unamortized discounts premiums\n balance december 31 2010 $ 5587388"
}
{
    "_id": "dd4be0846",
    "title": "",
    "text": "mainline american us airways dispatchers flight simulator engineers crew training instructors represented by filed single carrier applications.\n nmb single transportation system certify post-merger representative employee before negotiating new jcbas.\n merger impact cbas subsidiary airlines not envoy piedmont psa.\n cbas expire amendable.\n 2014 envoy pilots piedmont pilots attendants.\n passenger service employees american mainline employees covered by agreements not amendable.\n negotiations jcbas outside rla bargaining process no self-help permissible.\n piedmont mechanics stock clerks psa dispatchers have agreements amendable traditional rla negotiations.\n unions engage refusals work strikes slow-downs sick-outs.\nrisk disgruntled employees union involvement refusals harm operation airline impair financial performance.\n.\n risk factors disputes strikes labor disruptions affect operations. financial results affected availability price jet fuel.\n consumption december 31 2014 one cent per gallon increase aviation fuel price 2015 annual fuel expense $ 43 million.\n table shows annual aircraft fuel consumption costs mainline operations 2012 through 2014.\n average price per gallon expense total mainline operating expenses.\n 2014.\n 2013.\n 2012.\n financial data american us airways group.\n combined fuel expenses wholly-owned third regional carriers $ 2. billion $. 1 billion $. 1 billion years december 31 2014 2013 2012."
}
{
    "_id": "dd4bbad1c",
    "title": "",
    "text": "united parcel service.\n subsidiaries financial floating-rate $ 1. 043 billion interest one three-month libor spread 30 to 45 basis points.\n average interest rate 2017 2016 0. 74% (. 74 %. 21%. 21 %.\n callable after 30 years putable one year.\n maturities 2049 through 2067.\n long-term liability.\n issued $ 147 $ 64 million $ 1. 043 billion.\n three-month libor less 30 35 basis points mature 2067.\n remaining three $ 350  $ 400 $ 500 million interest three libor spread 15 to 45 basis points.\n average interest rate 2017 2016 0. 50% (. 50 %.\n.\n maturities 2021 through 2023.\n long-term liability refinance.\n lease property.\n defeased.\nvalue property plant equipment capital leases december 31 millions.\n 2017 2016\n vehicles $ 70 $ 68\n aircraft 2291\n buildings 285 190\n amortization -990 -896\n property equipment $ 1656 $ 1653\n obligations payments due 2018 through 3005.\n agreements municipalities construction facilities.\n package supply chain freight operations states.\n facilities louisville kentucky dallas texas philadelphia pennsylvania.\n lease loan agreement debt service obligations bonds 2022 bonds $ 149 million louisville regional airport authority.\n due january 2029 variable average rates 2017 2016. 83%.\n 2022 $ 42 million due november 2036 louisville airport authority.\n average rates 2016.\n $ 29 million dallas fort worth airport corporation.\nbonds due 2032 variable rate cash flows swapped. 11%.\n 2022 agreement delaware county pennsylvania industrial development authority airport facilities bonds balance $ 100 million.\n due 2045 variable.\n average 2017 2016. 78%. 40%."
}
{
    "_id": "dd4c0c8a6",
    "title": "",
    "text": "pullmantur 2013 operated four ships 7650 berths itineraries four to 12 nights south america caribbean europe.\n zenith redeployed cdf croisi e8res de france january 2014.\n serves spanish portuguese latin american cruise markets.\n guests cruising options activities couples families.\n increased focus latin america.\n opened regional head office panama market.\n december 2013 majority land-based tour operations travel agency pullmantur air.\n retain 19% interest non-core businesses.\n retain ownership pullmantur aircraft leased air.\n 2014 redeployed zenith cdf croisi e8res france.\n 2014 two ships 2750 berths cdf croisi e8res brand.\n 2014 ships caribbean winter 2014.\ncdf croisi e8res de france offers seasonal itineraries mediterranean.\n french cruise market brand tailored french guests.\n tui premium german cruise market product tailored german guests.\n onboard activities services shore excursions menu.\n operates two ships 1 2 capacity 3800 berths.\n two ships order 2500 berths delivery second 2014 2015.\n joint venture owned 50% us tui german tourism 51% tui travel.\n cruising well-established sector north american growing european developing emerging markets.\n market penetration rates low first-time cruisers.\n opportunity long-term growth increased profitability.\n table market penetration rates north america europe annual cruise guests america 1 2.\n 3. 0%. %.\n 3. 1%.\n 3. 4%. 4 %.1%. 1 %\n 2012. 3%. % 2 %\n. 4%. 4 %. 2%. 2 %\n international monetary fund cruise line association guests two nights 2009 2012.\n.\n united states canada.\n international monetary fund cruise council 2009 2012.\n.\n global cruise fleet 436000 berths 269 ships 2013.\n 26 ships 71000 berths 2014 2018.\n cruise industry. 3 million guests 2013. 9 2012. 2011.\n"
}
{
    "_id": "dd4987a22",
    "title": "",
    "text": "sales increased $ 29. 9 million 6. 3%. higher sales volume.\n home products market new product introductions price increases cost increases.\n operating income increased $ 12. 6 million. 4%. 4 % higher sales productivity improvements fixed cost base.\n increased $ 12. 8 million 2. 2%. price increases.\n offset exiting two product lines.\n income increased $ 5. 8 million 8. 7%. 7 % higher net sales productivity lower restructuring $ 6 million manufacturing facility relocation foreign exchange cost savings.\n corporate expenses increased $ 5. 7 million long lived asset actuarial gain loss higher defined benefit plan income 2017.\n.\n. -80\n income.\n.\n -85.\ncompany record expense gains losses liabilities defined benefit plans.\n liabilities fourth quarter.\n remeasurements amendments settlements.\n discount rates return result income.\n 2016 2015 fortune brands net sales increased $ 405. 5 million.\n higher sales volume.\n market conditions home products acquisitions cabinets plumbing price increases foreign.\n offset unfavorable foreign exchange $ 27 million higher sales rebates.\n increased $ 182. 8 million 6% 6 % higher net sales acquisitions offset productivity improvements."
}
{
    "_id": "dd4c4dea0",
    "title": "",
    "text": "securities table 11.\n millions 31 2012 amortized cost fair value\n securities sale $ 49447 $ 51052 48609\n maturity 10354\n $ $ 61912 60675\n $ million amortized cost value corporate stocks 2012.\n 2011 $ 368 million.\n remainder debt securities.\n securities $ 61. 4 billion 2012 $ 51. billion fair value $ 10. 4 billion cost.\n 2011 $ 60. 6 billion $ 48. 6 billion value $ 12. billion cost.\n increase carrying $ 2. billion asset-backed securities net purchase activity $. 6 billion non-agency residential mortgage-backed securities fair value.\n offset $ 1. 7 billion decrease maturity debt securities.\n securities 20% assets 2012 22% 2011.\nevaluate portfolio market conditions improve positioning.\n portfolio well-diversified high quality.\n.\n residential commercial securities represented 59% 59 portfolio december 31  2012.\n net unrealized gain $ 1. 6 billion difference fair value amortized cost.\n 2011 unrealized loss $ 41 million.\n fair value impacted interest rates credit spreads market volatility liquidity.\n decreases interest rates.\n credit spreads.\n improvement net unrealized gain due non-agency residential mortgage backed securities losses $ 1. 1 billion lower market interest rates.\n unrealized gains losses included shareholders 2019 equity.\n information note 8 9 statements.\n unrealized gains losses impact liquidity risk capital.\n reductions credit ratings liquidity regulatory capital ratios.\ncredit-related securities earnings regulatory capital ratios.\n-average life securities 4. years 2012 3. 7 years 2011.\n duration securities 2. 3 years increase 2. 2 years decrease.\n 2011 2. 6 years 2. 4 years.\n table vintage credit rating fico score underlying collateral origination residential commercial-backed securities portfolios pnc financial services group.\n 2013"
}
{
    "_id": "dd4baee40",
    "title": "",
    "text": "market risk exposed interest rates foreign exchange rates commodity prices equity prices.\n cause fluctuations earnings cash flows.\n manage hedging actions.\n counterparties rated institutions.\n credit limits.\n hedging transactions instruments.\n manage debt structure interest rate risk fixed- floating-rate debt derivatives.\n interest rate swaps forward-starting hedge exposure reduce financing costs.\n agree exchange difference fixed floating-rate interest amounts.\n primary exposure.\n interest rates.\n may 28 2006 $ 7. 0 billion principal amount outstanding.\n offsetting swaps.\n six pages 40.\n fluctuations affect investments earnings.\n foreign currency forward contracts option contracts hedge cash flow exchange rates.\n.\n primary.\n exchange rate exposures canadian dollar euro australian dollar mexican peso british pound.\ncommodities exposed to market price risks.\n manage through financial instruments purchase orders contracts futures options swaps.\n exposures cereal grains sugar dairy vegetables fruits meats vegetable oils agricultural products paper packaging operating supplies energy.\n equity instruments price movements affect compensation expense.\n equity swaps risk.\n estimates maximum value changes interest rates foreign exchange rates commodity prices equity prices.\n method ology risk.\n 95 percent confidence level.\n interest foreign exchange prices volatility.\n data riskmetricstm.\n calculations not represent actual losses.\n hedging correlates offset.\n positions debt invest ments interest rate swaps foreign exchange forwards commodity swaps futures options equity instru.\n foreign exchange commodities positions hedged.\ntable presents estimated one-day loss interest rate foreign currency commodity equity instruments may 28 2006 29 2005 average amount 28 2006.\n calculated methodology.\n millions 282006 292005\n interest rate $ 8 $ 10 18\n foreign currency\n commodity\n equity"
}
{
    "_id": "dd4bfc2c6",
    "title": "",
    "text": "realization investment gain $ 5624 net award.\n award paid over three-year period as deferred compensation award balance.\n december 31 2002 $ 1504 paid against compensation.\n 1997 company implemented savings/retirement plan employees affiliate.\n permits defer 15% annual compensation subject to limitations.\n deferrals vested non-forfeitable upon contribution 401.\n 2000 amended 401 plan matching contribution equal to 50% first 4% annual compensation deferred.\n years december 31 2002 2001 2000 made matching contributions of $ 140  $ 116 $ 54 .\n.\n company operating partnership involved in material litigation material litigation threatened.\n costs affect financial position operating results liquidity.\n october 24  2001 accident occurred at 215 park avenue south property company manages.\ninjury claims filed against company 11 persons.\n insurance coverage.\n employment agreements executives.\n six november 2003 december 2007.\n cash compensation $ 2125 2003.\n acquired position at 420 lexington avenue.\n $ 6000 $ 1100 1999.\n expire 2008.\n extend through 2029.\n property 1140 avenue net ground lease $ annually expiration 2016 option renew 50 years.\n 711 third avenue sub-lease expires 2083.\n ground rent $ 1600 annually increased to $ 3100 2001 ten years.\n after ten estimated fair market value.\n 1988 lease agreement 673 first avenue new york.\n 70% fair market value.\n operating capital lease.\n initial lease term 49 years option additional 26 years.\n lessor additional rent.\ncompany 673 first avenue prop capital lease cost $ 12208 amortization $ 3579 $ 3306 december 31 2002 2001.\n schedule future minimum lease payments capital leases noncancellable operating leases initial terms one year december 31 2002.\n.\n 2003\n 2004\n 2005\n 2006\n 2007\n 296277\n minimum lease payments 63014 356187\n interest\n net minimum lease payments $ 15862 $ 356187\n.\n financial instruments derivatives hedging accounting standards board statement.\n effective january 1 2001 derivatives balance fair value.\n not hedges adjusted fair value.\n."
}
{
    "_id": "dd4be2196",
    "title": "",
    "text": "ordinary business geologic trends economics allowed lease acreage expire may allow additional acreage.\n production not established leases licenses concessions undeveloped acreage expire next three years.\n plan continue terms licenses concession areas retain leases.\n undeveloped acres expiring year december 31.\n 2015 2016 2017\n.\n.\n hold 20 percent interest aosp oil sands mining upgrading joint venture alberta.\n produces bitumen oil sands deposits athabasca upgrades synthetic crude oils vacuum gas oil.\n mining extraction assets near fort mcmurray alberta muskeg river jackpine mines.\n capacity combined 255000 barrels bitumen per day.\naosp operations oil open-pit mine extract bitumen upgrade crude oils.\n ore mined shovel mining.\n crushers sent rotary breakers.\n combined water slurry.\n separates into sand clay bitumen froth.\n solvent added.\n washes produces clean bitumen.\n yields solvent bitumen transported scotford upgrader 300-mile.\n upgrader fort saskatchewan northeast edmonton.\n bitumen upgraded hydrotreating hydroconversion.\n blendstocks products.\n produces synthetic crude oils vacuum gas oil.\n sold affiliate market prices products sold marketplace.\n leases 163000 33000 acres.\n leases royalties payable province alberta.\n crude oil sales 2014 50 mbbld net-of-royalty production 41 mbbld.\ndecember 2013 jackpine mine expansion project approval canadian government.\n includes mining areas processing facilities infrastructure.\n conditions wildlife environment aboriginal health.\n conditions infrastructure initiatives.\n alberta canada fund quest ccs $ 865 million.\n 2012 board approved aosp partners quest ccs.\n funding commenced 2012.\n failure repaying funding.\n construction late 2015."
}
{
    "_id": "dd4c230e2",
    "title": "",
    "text": "altria group  inc.\n subsidiaries financial statements not obtainable all cases.\n risk reduced 47 states puerto rico limit dollar amount bonds require no bond.\n tobacco litigation plaintiffs challenged florida 2019s bond cap statute challenge state bond cap statutes other jurisdictions.\n include applicability state bond caps federal court.\n states including florida repeal alter bond cap statutes legislation.\n.\n outcome consolidated results operations cash flows financial position. affected unfavorable outcome.\n.\n subsidiaries record provisions statements unfavorable outcome probable loss.\n.\n management loss unable estimate possible loss provided amounts financial statements for unfavorable outcomes.\n litigation defense costs expensed.\n.\n subsidiaries success managing litigation.\nsubject uncertainty challenges.\n possible consolidated results operations cash flows financial position altria group . subsidiaries affected by unfavorable outcome settlement litigation.\n altria group.\n subsidiaries believe valid defenses bases for appeal adverse verdicts.\n defended against litigation challenges.\n altria group.\n subsidiaries may enter settlement discussions best interests.\n.\n.\nusa tobacco litigation types claims tobacco smoking health cases personal injury personal injury court-supervised programs health care cost recovery cases governmental plaintiffs reimbursement care expenditures cigarette smoking disgorgement profits class action suits 201clights lights deceptive unfair trade practices fraud unjust enrichment breach warranty violations racketeer corrupt organizations act other tobacco-related litigation.\n recovery defenses smoking recovery 201clights lights cases.\n table tobacco-related cases states against pm usa altria group.\n december 31 2016 2015 2014.\n smoking health cases 65 67\n smoking health class actions aggregated claims litigation\n health care cost recovery actions\n 201clights/ultra lights 201d class actions\ninclude 25 cases asbestos docket baltimore city maryland pm usa defendants.\n 2485 cases flight attendants damages injuries tobacco smoke.\n attendants ets smoking health class action florida settled 1997.\n lawsuits punitive damages.\n smoking health cases plaintiffs florida federal decertification engle case.\n includes 600 civil actions 344 against pm usa west virginia.\n supreme court appeals ruled constitution preclude trial two phases.\n issues punitive damages first.\n april 2013.\n jury verdict design defect negligence failure warn breach warranty concealment declined punitive damages.\n plaintiffs ventilated filter cigarettes instructions 1964 - 1969.\n second phase trials liability compensatory damages.\n november 2014 supreme court affirmed final judgment.\njuly 2015 trial court order final judgment 30 plaintiffs second phase.\n claims six trials five plaintiffs.\n first trial may 1 2018.\n five remaining trials.\n health care cost recovery litigation federal government lawsuit."
}
{
    "_id": "dd4bff886",
    "title": "",
    "text": "ship submarine rotary fixed-wing aircraft land missile defense radar littoral combat ships simulation training services unmanned systems technologies.\n programs aegis combat littoral combat ship mh-60 tpq-53 radar-41 vertical launching system.\n results.\n 2013\n net sales $ 7147 $\n operating profit\n margins 11. 8%.\n backlog year-end $ 11700 $ 10800\n net sales.\n decreased $ 85 million undersea systems decreased volume deliveries $ 55 million contract cost.\n offset higher net sales $ 80 million warfare systems sensors increased volume $ 40 million training logistics increased deliveries.\n operating profit 2014 decreased $ 62 million 7% 7 %.\n lower operating profit $ 120 million contract cost $ 45 million higher reserves training logistics.\ndecreases offset by higher operating profit $ 45 million performance reserves 2013 2014 $ 60 million increased risk retirements.\n adjustments $ 50 million lower 2014 2013.\n net sales decreased $ 426 million 6%.\n lower net sales $ 275 million ship aviation systems $ 195 million integrated warfare systems sensors $ 65 million training logistics $ 55 million aegis program.\n offset higher net sales $ 155 million lcs program.\n operating profit 2013 increased $ 168 million 23% 2012.\n higher operating profit $ 120 million contract cost $ 55 million $ 30 million undersea systems.\n offset lower operating profit $ 55 million training logistics $ 30 million lower-cost-market considerations $ 25 million ship aviation systems lower risk.\n profit lcs program.\nadjustments net profit rate $ 170 million higher 2013.\n increased 2014 higher orders program space fence.\n increased 2013 higher orders lower sales warfare sensors service programs lower orders ship aviation."
}
{
    "_id": "dd4be5b20",
    "title": "",
    "text": "consolidated financial statements table. regulatory capital ratios 1 leverage ratio implemented federal reserve board.\n 2013 reflects revised market risk capital requirements.\n capital requirements.\n prior.\n 1 capital $ 72471 $ 66977\n tier 2 capital $ 13632 13429\n total capital $ 86103\n risk-weighted assets $ 433226 $ 399928\n 1 capital ratio 16. 7%.\n capital 19. 9%. % 1%.\n 1 leverage ratio 8. 1%. 7. 3%. %\n.\n federal bank regulatory agencies approved revised risk-based capital leverage ratio regulations capital framework.\n banking organizations.\n based 2010 capital framework standards dodd-frank act.\n.\n.\n.\n.\n revised capital framework changes regulatory capital effective january 1 2014.\nchanges include new measure common equity tier 1 regulatory capital ratio.\n definition 1 capital narrowed cet1 perpetual non- cumulative preferred stock.\n requirements.\n minimum capital ratio new capital buffers deductions regulatory capital.\n junior subordinated debt phased out regulatory capital.\n minimum cet1 ratio 4. january 1 2014 4. 5%. january 1 2015.\n tier 1 capital ratio increased. to 5. 6. 1 2015.\n minimum total capital ratio unchanged 8. 0%.\n supplemented capital conservation buffer january 1 2016. until. 5%. january 1 2019.\n introduces counter-cyclical capital buffer excessive credit growth.\n risk-weighted assets.\n federal reserve board satisfactory run changes effect second quarter 2014.\ncalculation rwas future quarters methodologies 2030 first quarter 2014 basel i capital framework 2030 remaining quarters iii advanced adjusted 2030 first quarter 2015 iii advanced standardized approach.\n goldman sachs 2013 annual report"
}
{
    "_id": "dd4bce0f6",
    "title": "",
    "text": "entergy new orleans.\n financial has $ 53. 7 million unrecognized tax benefits tax settlement tax.\n note 3 financial statements tax benefits.\n planned capital investment estimate reflects business.\n expenditures vary regulatory constraints environmental compliance market volatility economic trends project plans capital.\n information long-term debt preferred stock maturities notes 5 6.\n wholly-owned subsidiary pays dividends earnings monthly.\n debt restrictions cash dividends distributions.\n internally generated funds cash debt preferred stock issuances.\n refinance redeem retire debt preferred stock prior maturity market conditions interest dividend rates.\n receivables money pool december 31.\n 2011 2010 2009 2008\n 9074 21820 66149 60093\n note 4 money pool.\nentergy new orleans short-term borrowing authorization ferc through october 2013 $ 100 million.\n note 4 financial statements borrowing limits.\n long-term securities issuances limited authorized city council authorization extends through july 2012.\n entergy louisiana ninemile point unit 6 project filed lpsc application combined-cycle gas turbine facility.\n 550 mw unit $ 721 million.\n entergy gulf states louisiana 35% capacity energy ninemile 6.\n 55% entergy louisiana 25% gulf states louisiana 20% entergy new orleans.\n february 2012 city council purchase 20% ninemile 6 energy capacity.\n construction"
}
{
    "_id": "dd4983698",
    "title": "",
    "text": "services.\n financial statements 2014 table summarizes unrecognized tax benefits december 31.\n 2014 2013\n balance year $ 70. $ 72. $ 84.\n additions tax positions 0. 3\n prior 1. 5. 11.\n reductions. -2\n reductions statute limitations. 6\n. 7\n end year $ 47. $ 70. $ 72.\n 2015 settled tax matters states reduced unrecognized tax benefits $ 13. million.\n 2014 settled reduced tax benefits $ 1. 5 million.\n 2013 settled appeals division committee taxation 2009 2010 tax years.\n reduced unrecognized tax benefits $ 20. 7 million.\n benefits 2015 2014 $ 30. 5 million $ 45. 6 million income tax rate future.\nrecognize interest penalties income taxes.\n recorded interest $ 1. 2 million 2015 liability penalties $ 0. 5 million interest $ 10. 3 million.\n 2014 accrued interest $ 1. 5 million liability penalties $ 0. 5 million interest $ 18. 7 million.\n 2013 accrued interest $ 1. 2 million liability penalties $ 0. 5 million interest $ 17. million.\n unrecognized benefits $ 0 to $ 10 million benefits increase decrease.\n.\n.\n liabilities tax adequate.\n assessment financial position cash flows."
}
{
    "_id": "dd4bb7a0e",
    "title": "",
    "text": "table foreign currency translation adjustments 2011 2010 2009 income tax effect undistributed earnings $ 7632 2208 ) $ 10580 $ 10640 4144 17343 stock repurchase program dilution market repurchase agreements third-parties.\n expiration.\n net dilution subject business conditions cash flow requirements board directors.\n 2010 amendment repurchase program time-constrained dollar-based.\n repurchase $ 1. 6 billion common stock fiscal 2012.\n $ 250. million stock repurchase agreement.\n no prepayments.\n 2011 2009 repurchase agreements financial institutions prepayments $ 695. million $ 850. million $ 350. million.\n. $ 250. million stock repurchase program remaining $ 600. million amended $ 1. 6 billion-constrained dollar authority.\nenter agreements shares at guaranteed discount to average price common stock.\n enter transactions when discount higher than return cash prepayments.\n no commissions fees on repurchases.\n requirement for to return prepayment.\n deliver shares monthly intervals.\n parameters total amount contract trading days average vwap stock less agreed discount.\n 2011 repurchased 21. 8 million shares average price $ 31. 81.\n 2010 31. 2 million shares average $ 29. 19.\n 15. 2 million shares average price per share $ 27. 89.\n prepayments classified as treasury stock balance shares delivered by december 2 excluded from earnings per share.\n no prepayments remained under agreements.\n november 27 $ 59. 9 million prepayments remained under agreements.\n.6 billion stock repurchase program large financial institution prepayment $ 80. million.\n treasury stock balance sheets.\n $ 80. million systems financial statements.\n 2010 2009\n beginning balance $ 7632 $ 10640\n foreign currency translation adjustments -4144 17343\n income tax earnings -2208 -6272\n ending balance $ 10580 7632 10640\n foreign currency translation adjustments 2011 2010 2009 tax $ 7632 2208 10580 10640 4144 17343 stock repurchase program return value minimize dilution repurchase shares open market agreements third-parties.\n authorization dilution expiration.\n net dilution subject business conditions cash flow requirements board.\nthird quarter fiscal 2010 board directors approved amendment stock repurchase program non time-constrained dollar.\n repurchase $ 1. 6 billion common stock fiscal 2012.\n affect $ 250. million stock repurchase agreement 2010.\n december no prepayments.\n 2011 2009 repurchase agreements large financial institutions prepayments $ 695. million $ 850. million $ 350. million.\n. $ 250. million stock repurchase program remaining $ 600. million amended $ 1. billion dollar authority.\n agreements guaranteed discount average price common stock.\n discount higher return prepayments.\n no commissions fees repurchases.\n no requirement institutions return prepayment.\n shares monthly intervals.\n parameters total amount contract trading days average vwap less discount.\n2011 repurchased 21. 8 million shares average price $ 31. 81.\n 2010 31. 2 million average $ 29. 19.\n 15. 2 million shares average price per share $ 27. 89.\n prepayments classified treasury stock shares delivered december 2 2011 excluded earnings per share.\n no prepayments remained.\n 27 2009 $ 59. 9 million prepayments remained.\n $ 1. 6 billion stock repurchase program agreement large financial institution prepayment $ 80. 0 million.\n classified treasury stock balance sheets.\n $ 80. million stock financial statements"
}
{
    "_id": "dd4c62ddc",
    "title": "",
    "text": "biomet holdings.\n 2015 10-k annual report financial unaudited results comparative include inventory step-up amortization assets interest expense debt merger.\n adjustments merger $ 90. 4 million merger compensation expense stock options removed net earnings 2015 recognized expense 2014.\n $ 73. million retention plan expense earnings expense.\n transaction costs $ 17. 7 million earnings expense business acquisitions 2014 2013.\n acquired etex holdings.\n.\n portfolio bone void filler products.\n 2013 acquired knee creations.\n joint preservation solutions.\n 2013 normed medizin-technik.\n extremities trauma portfolios product development foot ankle hand wrist markets.\nresults operations acquired companies included in consolidated results assets liabilities recorded at estimated values in financial position excess purchase price recorded as goodwill.\n financial information required by not included financial position results.\n.\n share-based compensation stock options restricted stock units.\n expense millions.\n years 2015 2014 2013\n total expense pre-tax $ 46. $ 49. $ 48.\n tax benefit.\n expense net tax $ 31. $ 33. $ 32.\n two equity compensation plans 2015 2009 stock incentive plan non-employee.\n.\n no further awards granted under 2006 plan teamshare plan since 2009 shares merged into 2009 plan.\n stock options outstanding as december 31 2015.\n reserved maximum shares common stock for award.\n registered 57.9 million shares common stock plans.\n 2009 plan nonqualified incentive stock options performance awards restricted stock rsus appreciation rights.\n compensation management committee determines grant date annual grants.\n grants first quarter year earnings announcements.\n 2015 closing date grant date.\n stock plan non-employee directors stock options restricted stock rsus.\n issue shares unissued shares except.\n awards.\n december 31 2015 5. 6 million shares available future grants awards.\n stock options vest four years maximum life 10 years.\n vesting retirement first anniversary award criteria.\n expense stock options straight-line requisite service period estimated rates.\n one to four years.\n granted exercise price equal market price common stock date grant except local law."
}
{
    "_id": "dd4c13e26",
    "title": "",
    "text": "minimum lease payments year ending 2015.\n 2011 65.\n 2012 47.\n 2013 35.\n 2014 27.\n 2015 24.\n 78.\n $ 278.\n lease commitments office equipment computer hardware payments $ 16. 3 million per year short-term.\n rent expense 2010 2009 2008 $ 116. 1 million $ 100. 2 million $ 117. million.\n rent expense $ 2. million $ 1. 8 million $ 17. million 2010 2009 2008.\n maintenance services.\n agreements vendors 2011 2017 computer data processing operations.\n obligation $ 554. 3 million december 31 2010.\n inflation rate foreign exchange rates new technologies data processing needs.\n.\n purchase shares common stock.\n contribute 3% 15% base salary commissions.\nshares purchased allocated employees contributions.\n company contributes amounts.\n recorded expense $ 14. 3 million $ 12. 4 million $ 14. 3 million years 2010 2009 2008.\n operations expense $ 0. 1 million $ 3. 0 million.\n employees covered 401.\n employees contribute 40% pretax annual compensation.\n matches 50% employee contribution 6% compensation.\n expense $ 23. 1 million $ 16. 6 million $ 18. 5 million years 2009 2008 participation 401 ( k ) plan.\n discontinued operations expense $ 0. 1 million $ 3. 9 million 2009 2008.\n national information services.\n financial statements 2014"
}
{
    "_id": "dd4c0d670",
    "title": "",
    "text": "stock performance $ 100 invested 11/17/11 10/31/11 index reinvestment dividends.\n 2015.\n delphi automotive s&p 500 return automotive russell 3000 auto parts index american axle borgwarner. cooper tire rubber dana holding. delphi dorman products. federal-mogul. ford motor. fuel systems solutions. general motors. gentex. gentherm. genuine parts. johnson controls. lear. lkq. meritor. standard motor products. stoneridge. superior industries tenneco. tesla motors. goodyear tire rubber. tower international. visteon. wabco holdings.\n index november.\n delphi automotive plc. 418.\n s&p 500.\n automotive supplier group..\n declared paid dividends $. 25 share 2014 2015.\n 2016 increased dividend $ 1. 16 share quarterly dividend $. 29 share payable february 29 17."
}
{
    "_id": "dd4b9675a",
    "title": "",
    "text": "mamonal plant.\n $ 77 million purchase price goodwill amortized 32 years.\n termocandelaria power plant discontinued operations.\n table unaudited results acquisitions.\n pro forma results 2001 impact.\n amounts adjustments depreciation amortization purchase price interest expense year ended december 31 2000.\n $ 8137\n income before extraordinary items 833\n net income 822\n earnings per share $.\n diluted earnings per share.\n results assumptions estimates.\n indicative future results.\n.\n discontinued operations january 1 2001 adopted.\n.\n financial accounting impairment disposal long-lived assets.\n.\n disposed held sale.\n businesses.\n power direct geoutilities termocandelaria valley telecommunications businesses.\n disposed abandoned held sale december 31 2001.\nbusinesses disposed abandoned company determined adverse unfavorable market low tariffs affected value.\n businesses for sale including termocandelaria.\n plan sell immediate sale plan locate buyer.\n believes sell assets within one year unlikely changes.\n assets liabilities discontinued operations segregated balance sheets.\n majority long-lived assets termocandelaria business colombia.\n revenues $ 287 million $ 74 million $ 7 million.\n pretax losses $ 58 million $ 31 million $ 4 million.\n loss on disposal impairment write-downs net $ 145 million."
}
{
    "_id": "dd497c6ae",
    "title": "",
    "text": "realty investment trust estate depreciation 2005 depreciation amortization.\n 31 2002 450697000\n additions 68125000\n deductions retirements -4645000\n 2003 514177000\n additions 82551000\n deductions -1390000\n balance 31 2004 595338000\n additions 83656000\n deductions\n balance 31 2005 663750000"
}
{
    "_id": "dd4bae1de",
    "title": "",
    "text": "biomet holdings.\n 2018 10-k annual report incurred expenses events results excluded non-gaap financial measures.\n legal operational restructuring costs complying.\n matters.\n oversight independent compliance monitor july 2017.\n excluded costs include fees compliance monitor external legal counsel.\n tax effects items.\n.\n calculated rate federal state taxes.\n. statutory rates.\n 2016 period negative effects tax accounts biomet merger.\n.\n adjustments recognized.\n 2017 tax act favorable adjustment reduction deferred tax liabilities revaluation 21 percent rate offset tax charges 2017 tax act.\n finalized estimates effects 2017 tax act guidance.\n tax authorities.\n tax adjustments 2018 tax rates deferred tax liabilities intangible assets-related accounting internal restructuring transactions offshore funds.\n2017 tax adjustments lower rates 2017 tax act resolutions restructuring transactions.\n 2016 adjustment deferred tax liabilities acquisition accounting resolution tax offset restructuring transactions offshore funds.\n 13 diluted share 31 2018.\n.\n net earnings.\n.\n cash flows $ 1747. 4 million 2018 $ 1582. 3 million $ 1632. 2 million 2017 2016.\n increase cash flows additional cash flows sale accounts receivable lower acquisition expenses quality remediation expenses significant payments 2017.\n.\n settlement program paid $ 30. 5 million settlement payments matters.\n decline operating cash flows 2017 additional investments inventory expenses quality remediation payments.\n offset $ 174. million cash flows sale accounts receivable.\n flows investing activities $ 416.million 2018 $ 510. million $ 1691. 5 million 2017 2016.\n investments product portfolio manufacturing logistics network.\n 2018 cross-currency interest rate swaps.\n cash flows receipts termination swaps.\n 2016 cash outflows acquisition holding business acquisitions.\n maturity debt securities.\n used cash debt reinvested additional debt.\n cash flows financing $ 1302. 2 million 2018.\n primary debt repayment.\n proceeds $ 749. million senior notes borrowed $ 400. revolving facility $ 1150.\n repaid.\n borrowed $ 675. million.\n repay $ 835.\n 450.\n repaid $ 140. million.\n.\n $ 1150 million net repayments senior notes term loans 2018.\n2017 primary cash debt repayment 2016 financing acquisitions.\n net cash inflows $ 103. 5 million factoring programs not remitted.\n 2018 cash outflows remitted $ 103. million collected $ 66. 8 million end.\n 2016 similar cash flows.\n 2019 borrowed additional $ 200. million.\n loan remaining $ 225. million.\n loan.\n february may august december 2018 declared dividends $ 0. 24 per share.\n future dividends approval adjusted market conditions.\n debt facilities restrict payment dividends."
}
{
    "_id": "dd4b91d40",
    "title": "",
    "text": "realty investment trust estate depreciation 2009 depreciation amortization.\n december 31 2006 $ 740507\n additions 96454\n deductions -80258\n december 31 2007 756703\n additions 101321\n deductions\n december 31 2008 846258\n additions.\n deductions\n balance december 31 2009 $ 938087"
}
{
    "_id": "dd4ba16fa",
    "title": "",
    "text": "adopted fasb interpretation.\n 45 201d accounting disclosure requirements indirect guarantees indebtedness fiscal 2003.\n accounting pronouncements.\n lease agreements three office buildings san jose california residual value guarantees.\n agreements prior december 31 2002 disclosed note 14.\n indemnifications varying scope intellectual property infringement.\n costs significant unable estimate impact future results.\n commitments milestone retention payments acquisitions.\n purchases technology assets fiscal 2003 employee retention agreements $ 2. 2 million.\n required payments satisfaction conditions.\n indemnify officers directors events.\n indemnification covers lifetime.\n maximum future payments unlimited director officer insurance coverage exposure future amounts.\n estimated fair value indemnification agreements minimal.\npartnership ventures provided indemnification to granite ventures independent capital firm partner events good faith.\n unable maximum future payments risk payments remote.\n accrue costs future obligations undetected bugs discovered after product installed.\n accrual fiscal 2003 relates to new releases creative suites products fourth quarter 2003.\n table summarizes activity balance at november 29 2002 november 28.\n 2014 $ 5554 $ -2369 3185\n advertising expenses sales marketing expense.\n expenses fiscal years 2003 2002 2001 $ 24. 0 million  $ 26. 7 million $ 30. 5 million.\n foreign currency hedging instruments financial accounting standards.\n.\n derivative instruments recognize assets liabilities measure fair value.\n gains losses"
}
{
    "_id": "dd4c36eda",
    "title": "",
    "text": "value restricted stock awards 2016 2015 2014 $ 25 million $ 31 million $ 17 million.\n periods 1 year to 10 years.\n summary future vesting.\n 2021\n compensation costs less forfeitures recognized vesting period.\n grants paid class common shares.\n 2016 2015 2014 recorded $ 66 million $ 52 million $ 51 million expense $ 9 million $ 15 million $ 6 million.\n december 31 2016 2015 compensation costs $ 133 million $ 154 million.\n defined contribution plan.\n.\n compensation.\n bargaining agreements.\n total expense savings plan $ 48 million $ 46 million $ 42 million 2016 2015 2014.\n.\n.\n employees cash balance formula.\nparticipant cash balance plan accrues benefits contribution credits age years service.\n interest credited account.\n vested after three years sum distribution employment retirement.\n employees accrue benefits career final pay formulas.\n subsidiaries kinder morgan canada.\n trans mountain pipeline.\n. sponsors pension plans employees.\n include defined benefit pension plans supplemental unfunded arrangements contributory plans.\n benefits accrue career pay final pay formulas.\n costs contributions liability amounts not material consolidated income statements 2016.\n net costs $ 12 million $ 10 million 2015 2014.\n.\n medical benefits retired grandfathered dependents life insurance.\n subsidiaries provide benefits current future retirees.\n subject to deductibles co-payment provisions"
}
{
    "_id": "dd496d30c",
    "title": "",
    "text": "acquisition date first annual reporting period december 15 2008.\n new requirements statement.\n 141 business combinations 2009.\n fasb issued financial accounting standards.\n noncontrolling interests financial statements.\n.\n equity subsidiary parent.\n statement.\n accounting reporting standards deconsolidation.\n.\n interests equity parent equity.\n consolidated net income parent noncontrolling interest separately.\n.\n effective fiscal years december 15 2008 earlier adoption prohibited.\n statement.\n 160 impact financial statements disclosures.\n statements based historical operating trends december 31 2007 reports.\n demand market conditions oil natural gas ngls 2008 similar 2007.\n.\n amounts canadian operations converted.\n dollars average 2008 exchange rate $ 0. 98.\n dollar to $ 1. 00 canadian dollar.\njanuary 2007 intent divest west african oil gas assets terminate operations equatorial guinea cote d 2019ivoire gabon.\n november 2007 agreement sell operations gabon $ 205. 5 million.\n finalizing purchase sales agreements obtaining government approvals remaining properties divestiture.\n optimistic complete sales first half 2008.\n west african revenues expenses capital reported discontinued operations 2008 financial statements.\n estimates exclude operations west africa.\n completed property acquisitions opportunity driven.\n estimates include financial operating effects property acquisitions divestitures 2008 west africa.\n oil gas ngl production 2008.\n combined production 240 to 247.\n 92% reserves december 31 2007.\n estimates midpoint estimated range production.\n.\n.\n.8 68 20\n canada 23 198 60\n international\n 66 894 28"
}
{
    "_id": "dd4c4d824",
    "title": "",
    "text": "entergy louisiana.\n income decreased $ 18. million lower revenue operation maintenance expenses.\n increased higher revenue lower interest charges offset higher operation expenses higher depreciation amortization expenses higher taxes.\n revenues fuel-related purchased power expenses regulatory credits.\n analysis change net revenue 2004 2003.\n 2003 net revenue $ 973.\n unbilled sales.\n deferred fuel cost revisions.\n refund provisions.\n.\n summer capacity charges.\n.\n 2004 net revenue $ 931.\n unbilled sales variance decrease fuel price nuclear plant outages 2003.\n deferred fuel cost revisions revised unbilled sales pricing estimate.\n refund provisions revenue.\n volume/weather variance increase 620 gwh weather-adjusted usage offset milder weather sales residential commercial.\nsummer charges variance amortization 2003 deferred 2001 2004.\n august 2002 ended 2003."
}
{
    "_id": "dd4c159ec",
    "title": "",
    "text": "software investment next-generation technologies offset cost-reduction.\n charges increased employee severance exit.\n sg&a expenses decreased lower marketing expenses information technology upgrades.\n gross margin operating margin decreased sg&a expenses r&d expenditures increased.\n backlog $ 647 million december 2007 $ 1. 4 billion 2006.\n customer demand limited product portfolio.\n shipped 159. million units 2007 27% 27 % decrease. 2006.\n shipments.\n shipments decreased asia emea north america increased latin america.\n worldwide increased 16%.\n worldwide market share 14% 8 points 2006.\n asp decreased 9%.\n driven by changes product-tier geographic mix.\n decreased 11% 2006 10% 2005.\n large customers.\n net sales five largest customers 42% net sales.\nselling to carriers operators segment sells products through third-party distributors retailers 33% net sales.\n largest brightstar corporation.\n.\n largest customers 54% 2007 net sales outside.\n largest international markets brazil china mexico.\n home networks mobility segment designs manufactures sells installs services digital video internet protocol video broadcast network interactive set-tops end-to-end video delivery systems broadband access infrastructure platforms data voice equipment to cable television telecom service providers wireless access systems.\n 2008 net sales 33% consolidated net sales 27% ( 27 % 2007 21% 21 % 2006.\n.\n net sales $ 10086 9164 1% ( 1 % 9% ( 9 %\n operating earnings 918 29% ( 29 %\nresults 20142008 2007 net sales increased 1% $ 10. 1 billion.\n increase reflects 16% 16 % increase home business offset 11% decrease networks business.\n increase driven 17% 17 % increase digital entertainment devices 19% 19 % increase shipments 18. 0 million units offset lower asp product shift pricing pressure.\n 11% decrease networks driven embedded communication computing group divested 2007 lower sales iden  gsm cdma equipment offset higher umts equipment.\n 1% 1 % increase driven higher sales latin america asia offset lower north america.\n increase latin america financial condition results operations"
}
{
    "_id": "dd4c04688",
    "title": "",
    "text": "descriptions fair value methodologies u.\n international pension plan assets cash equivalents approximate fair value short-term maturity.\n equity securities valued closing market price.\n exchange level 1 assets.\n equity mutual pooled funds valued net asset value level 1.\n units valued per unit nav holdings level 2 assets.\n corporate government bonds valued quoted market prices comparable securities yields ratings.\n funds valued nav shares year end underlying investments.\n securities level 3 estimated fair value.\n bids credit quality default risk discount rates capital market liquidity.\n insurance contracts level 3 assets contract value estimated fair value.\n underlying investment discount rates.\n contributions benefit payments contributions 2018 were $ 68. 3.\n from contractual regulatory requirements.\n benefit payments unfunded due timing retirements.\n contributing $ 45 to $ 65 pension plans 2019.\n contributions driven by contractual regulatory requirements timing retirements.\n projected payments future service.\n.\n 165. 52.\n.\n.\n.\n 167.\n 2024-2028 900. 336\n estimated payments based future events.\n payments vary."
}
{
    "_id": "dd4c4da04",
    "title": "",
    "text": ".\n.\n merck & co.\n global health care company innovative health solutions prescription medicines vaccines biologic therapies animal health consumer care markets joint ventures.\n operations four segments animal health consumer care alliances pharmaceutical.\n human health vaccine products joint ventures.\n health pharmaceutical products therapeutic preventive agents.\n drug wholesalers retailers hospitals government agencies health providers.\n vaccine products preventive pediatric adolescent adult vaccines.\n physicians wholesalers distributors government entities.\n animal health operations products veterinarians distributors producers.\n consumer care operations over-the- counter foot sun care products wholesale outlets club stores specialty channels.\n incorporated new jersey financial information.\n financial condition results operations.\nstatements data.\n product service marks owned licensed promoted distributed merck subsidiaries affiliates.\n owners.\n top pharmaceutical products animal health consumer care products.\n millions 2013 2012 2011\n total sales $ 44033 $ 47267 $ 48047\n pharmaceutical 37437 40601 41289\n januvia 4004\n zetia 2567\n remicade 2271 2076 2667\n gardasil\n isentress\n nasonex\n proquad/m-m-rii/varivax\n animal health 3362 3253\n consumer care 1894 1952\n revenues 1315 1665\n alliance corporate third-party manufacturing sales.\n october 1 2013 divested third-party manufacturing sales.\n"
}
{
    "_id": "dd4bb03d0",
    "title": "",
    "text": "issue debt securities preferred stock common stock warrants share contracts units without limit.\n sold offerings size price terms determined sale.\n emerson financial structure flexibility strategic objectives.\n cash operations acquisitions growth.\n september 30 2017 $ 3. 1 billion cash held outside.\n primarily asia $ 1. 4 billion income taxes available repatriation.\n repatriated cash subject.\n federal income taxes credits.\n repatriates non.\n cash earnings provides.\n income taxes.\n funding requirements funds needs cash flow resources short long-term debt capacity backup credit lines.\n amounts due less 5 years long-term debt interest $ 5342 428 1434 966 2514.\n less than 1 1 - 3years 3 - 5years\n\n long-term debt interest $ 5342 428 1434 966 2514\n operating leases 536 171 206 80 79\n purchase obligations 746  71 14\n total $ 6624  1254 1711 1060 2599\n obligations inventory purchases.\n $ 2. 0 billion noncurrent liabilities note 19 pension postretirement plan liabilities deferred income taxes unrecognized tax benefits.\n notes 11 12 future benefit payments 14.\n exposed risk interest rates commodity prices uses derivative instruments forwards swaps options.\n derivatives trading.\n value.\n sensitivity analysis.\n interest commodity prices.\n dollar losses earnings value cash flows.\n limitations weaker.\n dollar earnings.\n lower commodity prices cost.\n notes 1 8 10.\naccounting policies financial statements judgments assumptions estimates revenue expenses assets liabilities equity.\n note 1 accounting policies consolidated financial statements.\n judgments estimates.\n results differ estimates.\n revenue recognition recognizes revenue sale products records title risk loss customer collection assured.\n revenue recognized percentage-of- completion method.\n sales arrangements multiple elements judgment revenue.\n based vendor-specific evidence third-party evidence management estimate price.\n revenue recognized delivered elements performance control inconsequential perfunctory no unsatisfied contingencies.\n majority deliverables tangible products smaller portion installation service maintenance.\n criteria conditions recognizing revenue."
}
{
    "_id": "dd4bcbef0",
    "title": "",
    "text": "jpmorgan chase. annual report credit risk derivative receivables liquidity risk payables december 31.\n derivative receivables payables\n fair value $ 1565518 $ 1519183\n nettingadjustment 2013 receivables/payables\n cash collateral -65468 -39218\n carrying value consolidated balance sheets $ 80210 $ 60125\n december 31 2009 firm liquid collateral $ 15. 5 billion $ 11. 7 billion.\n receives delivers collateral transactions security exposure.\n counterparties collateral non-daily frequency.\n 31 received $ 16. 9 billion delivered $ 5. 8 billion additional collateral.\n not netted against receivables payables collateral exceeded fair value exposure.\ncredit derivatives financial instruments value from credit risk debt third-party issuer reference entity allow transfer risk to protection seller.\n expose purchaser to creditworthiness seller payments when entity experiences credit event bankruptcy failure restructuring.\n seller receives premium risk underlying instrument to credit event.\n firm purchaser and seller of protection uses for purposes.\n risk manages portfolio by selling corporate debt obligations.\n exposure to entity offset with contract protection from.\n uses derivatives to mitigate credit risk receivables lending manage exposure to residential commercial mortgages.\n note 3 pages 156--- 173.\n uses different types of credit derivatives.\n.\n credit default swaps reference credit or.\n purchases sells protection on single- name index-reference obligations.\nsingle-name cds index cds contracts otc derivative contracts.\n default risk single reference entity credit risk broader credit markets.\n&p 500 cds index portfolio cds entities.\n cds indices every six months credit markets.\n credit removed.\n cds referenced against portfolios customized exposure levels protection against $ 1 million credit losses $ 10 million portfolio.\n tranche cds.\n credit event neither party reference entity.\n protection purchaser seller for difference between face value fair value reference obligation recovery value.\n protection purchaser hold debt instrument entity amounts.\n credit-linked notes funded credit derivative issuer purchases credit protection referenced entity from investor.\n pays issuer par value pays periodic payments based on credit risk entity.\nissuer repays investor par value note at maturity unless credit event.\n not obligated pays difference value"
}
{
    "_id": "dd4c3c0e2",
    "title": "",
    "text": "aes corporation financial statements 2014 require government acquire ownership interest future losses.\n long-lived assets recoverable written down estimated fair value $ 24 million.\n $ 66 million asset impairment expense.\n kelanitissa generation facility payments decline.\n impairment charges closer bot.\n asia generation segment.\n asset impairment expense year december 31 2010.\n southland huntington beach $ 200\n environmental policy december 31 2020 capital expenditure shutdown.\n huntington beach gas-fired generation facility impacted policy.\n asset impairment test determined fair value.\n carrying value $ 288 million exceeded fair value $ 88 million asset impairment expense $ 200 million year december 31 2010.\n north america generation segment.\ntisza ii third quarter 2010 company offtaker tisza ii.\n indicator impairment september 30 2010.\n asset impairment test tisza ii asset recoverable.\n.\n $ 160 million exceeded fair value $ 75 million asset impairment expense $ 85 million december 31 2010.\n deepwater 160 mw petcoke plant texas deteriorating market conditions petcoke power.\n incurred losses shut down.\n fourth quarter recoverable.\n fair value discounted cash flow analysis $ 79 million impairment expense recognized.\n north america generation reportable segment."
}
{
    "_id": "dd4bfb808",
    "title": "",
    "text": "schedule page 6 hotels resorts. subsidiaries. real estate depreciation 31 2018 millions change depreciation amortization real estate years 2017 2016.\n 31 2015 $ 5666\n 572\n -159\n -130\n 2016 5949\n 563\n -247\n 2017 6272\n 546\n -344\n -101\n december 31 2018 $ 6373\n cost real estate federal income tax $ 10458 million december 31 2018.\n total cost excludes construction-in-progress properties."
}
{
    "_id": "dd4c65154",
    "title": "",
    "text": "corporation financial statements assets goodwill.\n allocation acquired.\n cash $ 108\n 28\n intangible 216\n deferred income taxes 153\n goodwill 552\n non-current 69\n acquired $ 1126\n liabilities\n 50\n deferred income taxes 52\n borrowings 129\n non-current\n 234\n assets acquired $ 892\n intangible assets license realtor. trademark $ 116 million indefinite customer relationships tradenames listing service agreements $ 100 million amortized 15 years.\n acquired technology realtor. website $ 39 million amortized 4 years.\n recorded property equipment balance sheets.\n.\n net operating loss $ 947 million $ million tax-effected.\n limitations code.\n.\n taxable income.\nallowances tax benefits recorded against nols $ 484 million $ 170 million tax effected purchase price.\n company expected $ 463 million net deferred tax $ 162 million.\n increased utilization $ 167 million 58 million tax-effected released allowances.\n reduced nols $ million section 382 limitation.\n june 30 2016 remaining $ 573 million $ 201 million tax-effected.\n utilization.\n taxable income expiration 2021.\n deferred tax assets non- deferred tax assets."
}
{
    "_id": "dd4b9cec0",
    "title": "",
    "text": "consolidated income statement item 8.\n net income 2012 $ 3. billion $ 3. 1 billion 2011.\n revenue growth 8 percent decline provision credit losses 16 percent increase noninterest expense.\n detail.\n table.\n income $ 9640 $ 8700\n margin 3. 94% 3. 94 %.\n volume interest-earning assets yields interest-bearing liabilities rates noninterest sources funding.\n 2013 balance sheet analysis-to-year income accretion.\n increase net interest income 2012 rbc bank acquisition loan growth lower funding costs.\n purchase accounting accretion stable $ 1. 1 billion.\n net interest margin 3. 94%. 94 2012. 92%. 92 2011.\n increase weighted-average rate interest bearing liabilities 29 21 point decrease yield interest-earning assets.\ndecrease interest liabilities certificates redemption capital securities fhlb borrowings commercial paper.\n decrease yield interest assets lower rates loan yields securities.\n 2013 net interest income percent $ 2. 4 billion decrease purchase accounting accretion $ 50 $ 60 million lower cash recoveries.\n income $ 400 million interest income.\n interest margin 2013 decline.\n noninterest $ 5. 9 billion 2012 $ 5. 6 billion 2011.\n increase residential mortgage loan sales revenue origination volume visa common shares service fees mortgage repurchase obligations.\n asset management revenue $ 1. 2 billion 2012. 2011.\n higher earnings blackrock.\n discretionary assets $ 112 billion stronger equity markets net flows sales performance.\n consumer services fees $ 1. billion.\ndecline lower interchange fees offset customer growth.\n dodd-frank limits interchange 2011 revenue $ 314 million 2012 $ 75 million 2011.\n offset higher rbc bank acquisition.\n corporate services revenue increased $. 3 billion percent $ 1. 2 billion 2012 $. 9 billion 2011 higher mortgage merger acquisition fees.\n treasury management finance fees commercial mortgage servicing.\n.\n pnc financial services.\n"
}
{
    "_id": "dd4bb78a6",
    "title": "",
    "text": "amortized over remaining lease term useful lives 1 to 15 years.\n intangibles long review impairment annually.\n completed annual impairment test second 2011 no impairment.\n fourth quarter changes business strategy reduction forecasted revenue.\n update goodwill impairment test no impairment.\n goodwill assigned reporting segments date acquisition.\n evaluate goodwill fair value carrying value.\n market approach income approach future cash flows.\n revenue costs.\n amortize intangible assets finite lives over estimated useful lives review impairment.\n monitor events.\n recoverability future cash flows.\n less recognize impairment loss excess carrying amount fair value.\n intangible asset impairment charges fiscal 2011 2010.\n assets amortized over estimated useful lives 1 to 13.\namortization economic benefits intangible asset consumed.\n average useful lives.\n life years\n purchased technology\n customer contracts relationships\n trademarks\n acquired rights technology\n localization\n intangibles\n useful life years software development costs capitalization sold begins technological feasibility completion working prototype no critical bugs release candidate.\n amortization begins software ready use.\n software development costs between completion prototype availability.\n capitalize costs customized software systems development stage.\n costs payroll expenses employees.\n capitalization begins preliminary project stage ceases project ready purpose.\n systems consolidated financial statements"
}
{
    "_id": "dd4c51c44",
    "title": "",
    "text": "financial statements 2014 risk-free interest rate based yield zero coupon united states treasury security maturity equal expected life option.\n volatility historical volatility.\n dividend yield calculated average stock price current quarterly dividend.\n assumptions historical patterns future exercise pattern.\n restricted stock shares awarded 2000 2005 held escrow released grantee satisfaction.\n grant date fair value based quoted fair market value common stock.\n compensation expense recognized escrow period.\n subject forfeiture if grantee leaves employment expiration.\n grants vest year 25% two years three years four years.\n table changes non-vested restricted stock awards may 31 2010 2009 average grant-date fair value.\n may 31 2008\n granted\n forfeited\n may 31 2009 762 42\ngranted 420 42\n vested -302 41\n forfeited -167 43\n non-vested 31 2010 713\n average 2008 $ 38.\n total 2009 2008 $ 12. 6. 2 4. 1 million.\n recognized compensation expense $ 12. 9. 5. 7 million.\n $ 21. million unrecognized compensation cost 2. 5 years.\n sale 2. 4 million shares common stock authorized.\n employees designate $ 25000 20% annual compensation.\n shares 85% market value last quarterly purchase.\n 31 2010. million shares issued. 5 million future."
}
{
    "_id": "dd4c59cf0",
    "title": "",
    "text": "consolidated financial statements 2005 restructuring plan liabilities.\n.\n january 2005 2014\n expensed 141\n payments\n foreign currency revaluation -2 2\n december 31 116\n expensed 155\n -141\n 4\n december 31 134\n expensed 38\n -110\n december 31 $ 63\n unpaid restructuring liabilities accrued.\n"
}
{
    "_id": "dd4bec3f8",
    "title": "",
    "text": "equity compensation plan information table presents equity securities as of december 31  2015.\n number securities issued options warrants rights weighted-average exercise price securities remaining future issuance excluding securities plans approved by 1424356 $ 33. 90 4281952 plans not approved.\n number securities issued rights weighted-average exercise price number securities remaining future issuance excluding\n plans approved by holders 1424356 $ 33. 90 4281952\n plans not approved\n 1424356 $.\n includes grants under huntington ingalls industries.\n 2012 long-term incentive stock plan approved 2 ingalls.\n plan approved.\n 533397 subject to stock options 54191 stock rights granted under 2011 plan.\nincludes 35553 stock rights 10279 restricted 790936 performance rights 2012 plan target performance.\n weighted average price 533397 stock options.\n no awards plans approved security.\n 13.\n relationships transactions director independence proxy statement 2016 annual meeting 120 days fiscal year.\n 14.\n principal accountant fees services 2016 annual 120 days fiscal year."
}
{
    "_id": "dd4be5d3c",
    "title": "",
    "text": "2014 2013 2012 netherland sewell associates.\n prepared prior year reserves alba field.\n reports annual report form 10-k.\n team industry experience oil gas companies.\n senior advisor 35 years petroleum 15 years estimation.\n second team member 10 years 5 years.\n registered engineers texas.\n ryder scott audits reserves 2014 2013 2012.\n report.\n team lead 20 years industry experience international oil gas company.\n member spe oil gas reserves committee registered engineer texas.\n december 31 2014 728 increase 101 2013.\n table changes reserves 2014.\n 627\n revisions estimates\n improved recovery\n purchases reserves\n extensions discoveries additions 227\n dispositions\n transfers -103\n end 728\nadditions undeveloped reserves 2014 included 121 eagle ford 61 bakken drilling.\n transfers included 67 26 bakken 1 oklahoma.\n costs 2014 2013 2012 $ 3149 million $ 2536 million $ 1995 million.\n 102 mmboe booked extensions discoveries reliable technology.\n statistical analysis decline curve pressure rate transient analysis reservoir simulation volumetric analysis.\n reservoir continuity certainty criteria booking reserves.\n projects.\n 728 mmboe undeveloped reserves 2014 19 percent volume projects five years.\n majority compression project.\n sanctioned 2004.\n timing driven by reservoir performance maximum production levels.\n exceeded expectations.\n estimates dry gas increased 10 percent between 2004 2010.\n compression project approval.\n government completion mid-2016.\nalba reserves infill well approved 2013 drilled second quarter 2015.\n reserves north gialo development libyan sahara desert booked 2010.\n five years executed operator multi-year drilling program liquid handling gas recycling facilities.\n five years.\n civil unrest 2011 2013-2014 extended project duration.\n future costs crude oil 2015 2019 $ 2915 million $ 2598 million $ 2493 million 2669 million $ 2745 million."
}
{
    "_id": "dd4bd1fa8",
    "title": "",
    "text": "pnc financial services group.\n 2013 form 10-k 65 liquidity capital management risk two components.\n first potential loss funding requirements.\n inability operate businesses contingent liquidity.\n manage liquidity risk consolidated company level cost-effective funding obligations contingent liquidity.\n monitors liquidity early warning indicators liquidity stress.\n performs liquidity stress tests maintains contingency funding plan.\n severe liquidity stress simulation liquidity position pressure market.\n restricted access funding accelerated run-off deposits valuation pressure heavy demand obligations.\n parent company liquidity guidelines sufficient liquidity obligations.\n liquidity-related risk limits enterprise liquidity management policy.\n review compliance limits.\n monitor liquidity liquidity coverage ratio supervision regulation section item 1.\npnc bank calculate lcr daily december 31 2018 exceeded requirement 100%.\n information regulatory liquidity requirements item.\n largest source customer deposit base banking.\n stable low-cost funding.\n deposits increased to $ 267. 8 billion december 31 2018 from $ 265. 1 billion 2017 growth interest-bearing deposits noninterest-bearing deposits.\n funding sources balance sheet additional information.\n assets unused borrowing capacity liquidity.\n assets short-term investments-earning deposits $ 22. 1 billion securities sale $ 63. 4 billion.\n liquid assets fluctuates.\n assets $ 2. 7 billion securities trading securities pledged collateral.\n $ 4. 9 billion securities maturity pledged collateral.\n liquidity funding long-term debt short-term borrowings.\nnote 10 borrowed funds funding sources balance sheet borrowings.\n senior subordinated debt decreased 24 debt.\n billions 2018\n january 1 33.\n issuances.\n.\n.\n 31 $ 30."
}
{
    "_id": "dd4be1700",
    "title": "",
    "text": "credit commitments lines table summarizes citigroup commitments millions.\n.\n 31.\n.\n commercial letters credit $ 823  $ 4638 $ 5461 5000\n one- four-family residential mortgages 1056 2671\n open-end loans 10019 1355 11374 12323\n commercial real estate construction development 9565 1728 11293 11151\n credit card lines 605857 90150 696007 678300\n commercial consumer loan commitments 185849 102918 272655\n commitments contingencies 2560 761 3321 3071\n $ 815729 $ 203165 $ 1018894 985174\n credit standards.\n commitments floating interest rates fixed expiration dates fees.\n deferred amortized.\n commercial letters credit citigroup substitutes credit customer finance.\n evidence.\nletter of credit drawn customer reimburse citigroup.\n one- to four-family residential mortgages confirmation citigroup seller sums purchase.\n revolving open-end loans secured one- four-family properties home equity lines credit.\n secured primary second home excess fair market value over debt first.\n commercial real estate construction land development commercial multifamily residential properties land development projects.\n secured-by-real-estate unsecured commitments undistributed loan proceeds construction progress payments.\n extensions credit funded total loans.\n credit cards.\n cancelable.\n commercial consumer loan commitments overdraft liquidity purchase loans third-party receivables note issuance revolving underwriting equity.\n other commitments contingencies regular-way reverse repurchase agreements transactions.\nrepurchase citigroup future.\n december 31 2018 2017 citigroup $ 36. 1 billion $ 35. billion unsettled reverse repurchase $ 30. 7 billion $ 19. 1 billion unsettled repurchase agreements.\n securities purchased borrowed sold repurchase loaned offsetting agreements note 11 consolidated financial statements."
}
{
    "_id": "dd4bff188",
    "title": "",
    "text": "mastercard financial statements 2014 share.\n december 31 2008 future minimum payments capital leases operating leases sponsorship licensing.\n 2009 372320 40327 323558\n 2010\n 2011\n 2012\n 2013\n $ 715205 $ 51827 105998 557380\n capital leases interest $ 9483 net present lease payments $ 42343.\n december 31 2008 $ 92300 future minimum payments leases accrued.\n consolidated rental expense office space $ 42905 $ 35614 $ 31467 2008 2007 2006.\n lease expense automobiles computer equipment office equipment $ 7694 $ 7679 $ 8419.\n 2003 mastercard purchased building kansas city missouri $ 23572.\nbuilding co-processing data center replaced lake success new york.\n mastercard kansas sale-leaseback building equipment $ 36382 purchase municipal bonds.\n agreements state local benefits.\n no gain loss.\n leaseback capital lease bargain purchase option ten-year lease april 1 2013.\n building equipment depreciated life.\n rent $ 1819 due annually equal interest municipal bonds.\n future minimum lease payments $ 45781.\n building subleased original five-year term renewal option.\n future minimum sublease rental income $ 4416.\n.\n mastercard visa.\n settlement financial services.\n.\n antitrust.\n ended litigation $ 2750000.\n mastercard visa judgment sharing agreement.\n share settlement $ 862500 paid november 2008.\nmorgan stanley paid mastercard $ 35000 2008.\n net $ 827500 litigation settlements 31 2008."
}
{
    "_id": "dd4c229ee",
    "title": "",
    "text": "consolidated financial statements 2013 amounts millions share guaranteed obligations subsidiaries leases credit facilities.\n parent company guarantees lease obligations $ 410. 3 $ 385. 1 december 31 2012 2011 credit facilities $ 283. 4 $ 327. 5.\n non-payment subsidiary obligated pay.\n no material assets pledged guarantees.\n estimated future obligations payable cash december 31.\n 2015 2016 2017\n deferred acquisition payments $ 26. $ 12. 9. 46. 18. 115.\n redeemable noncontrolling interests options 20. 5 43. 32. 5. 10 115.\n contingent acquisition payments 46. 5 56. 42. 52. 21. 12. 231.\n cash compensation expense. 7.\n$ 45. $ 55. $ 41. $ 51. $ 21. $ 12. $ 228.\n entered acquisitions redeemable noncontrolling interests call options similar terms conditions.\n interests exercisable discretion owners as december 31 2012.\n estimated payments $ 16. total payments 2013 2014 exercised expired.\n current exercise price payable cash not redemption value.\n estimated amounts paid earliest date.\n note 6 payment structure.\n payments contingent performance targets conditions subject revisions.\n involved proceedings investigations inspections audits inquiries authorities.\n evaluate cases record liabilities losses legal proceedings outcome unfavorable loss.\n estimate loss litigation early.\noutcome litigation governmental proceedings management believes outcome financial condition results operations cash flows.\n 15 recent accounting standards impairment indefinite-lived intangible assets july 2012 financial accounting standards board issued amended guidance simplify impairment testing assets goodwill.\n permits entity assess qualitative factors asset impaired.\n"
}
{
    "_id": "dd496f152",
    "title": "",
    "text": "network corporation financial statements.\n acquisitions dbsd america terrestar transactions march 2 2012 fcc approved transfer 40 mhz aws-4 wireless spectrum licenses.\n march 9 2012 completed dbsd terrestar acquired satellite assets wireless spectrum licenses dbsd.\n fourth quarter 2011 mutual release settlement agreement issues resolved costs.\n $ 2. 860 billion.\n $ 1. 364 billion dbsd $ 1. 382 billion terrestar net payment $ 114 million sprint.\n.\n recognized acquired assets liabilities fair $ 102 million uncertain tax position deferred revenue balance.\n third quarter 2013 uncertain tax position resolved $ 102 million reversed decrease tax benefit statements operations income year december 31 2013.\n.\noperations december 31 2013 blockbuster ceased operations.\n consolidated balance sheets cash blockbuster discontinued operations amounts continuing operations.\n 2013 2012 2011 revenue discontinued operations $ 503 million $ 1. 085 billion $ 974 million.\n operations before $ 54 million $ 62 million $ 3 million.\n tax loss $ 47 million $ 37 million $ 7 million.\n december 31 2013 net assets discontinued operations.\n current assets $ 68239\n noncurrent assets 9965\n liabilities -49471\n long-term liabilities -19804\n net assets $ 8929"
}
{
    "_id": "dd4bcfe2e",
    "title": "",
    "text": "december 31 2014 $ 6. 6 billion decrease $ 1. 6 billion from 2013.\n due to share repurchases $ 2. 3 billion $ 273 million dividends loss $ 760 million offset net income $ 1. 4 billion.\n increase 2022 negative foreign currency translation adjustments $ 504 million strengthening.\n dollar increase $ 260 million post-retirement benefit obligations derivative gains $ 5 million investment losses $ 1 million.\n solutions advisor insurance reinsurance broker.\n challenges human capital retirement investment health care compensation talent management strategies.\n.\n years ended december 31 2014 2013\n revenue $ 7834\n operating income\n margin. 8%.\n demand property casualty insurance rises economic activity falls commissions fees.\neconomic activity property casualty insurance exposure units with employment corporate revenue asset values.\n 2014 pricing flat market. premium rates commission revenues competition underwriting capacity.\n changes premiums insurance brokerage industry commission revenues based on premiums.\n difficult conditions weakness global economy repricing credit risk deterioration financial markets.\n reduced demand retail products negative operational results.\n risk solutions generated 65% revenues 2014.\n through fees commissions insurance reinsurance investment income.\n revenues vary policy renewals business services income investments influenced short-term interest rates.\n operate competitive industry compete with retail insurance brokerage firms individual brokers agents direct writers.\n specialized"
}
{
    "_id": "dd4ba3e6e",
    "title": "",
    "text": "entergy louisiana financial net revenue 2008 2007 operating fuel-related expenses gas power expenses regulatory charges.\n analysis change net revenue 2008 2007.\n.\n 2007 net revenue $ 991.\n retail electric price -17.\n purchased power capacity.\n net wholesale revenue -7. 4.\n.\n 2008 net revenue $ 959.\n retail electric price variance due cessation interim storm recovery financing credit offset increases formula rate plan 2007.\n katrina regulation.\n purchased power capacity variance amortization deferred capacity costs.\n offset base revenues rate increase.\n.\n net wholesale revenue variance due rate refunds interruptible load system.\n operating revenue power expenses increase $ 364. million fuel cost recovery revenues higher fuel rates decreased usage.\noffset $ 56. 8 million wholesale revenue agreement cost equalization credits.\n fuel power expenses gas offset deferred fuel costs."
}
{
    "_id": "dd4bcdaf2",
    "title": "",
    "text": "company 2019s contractual obligations december 31 2015.\n millions 2016 2017 2018 2019 2020 2020\n long-term debt $ 9878 $ 1125 $ 744 993 1203 5191\n interest 2244 174 157 153 149 146\n operating leases 943  234 191 134\n capital leases 59\n unconditional purchase obligations 1631 1228 160 102 54 56\n cash obligations $ 14755 $ 2772 $ 1258 $ 1386 914 1480 6945\n long-term debt payments 2016 2017 notes $ 126 million $ 96 million.\n interest projections based interest rates december 31 2015.\n unconditional purchase obligations agreement purchase goods enforceable binding.\nunconditional purchase obligations take or pay contracts capital commitments service agreements utilities.\n estimates include one year less than one year.\n commitments relate to take or pay contracts 3m guarantees payment availability products services.\n.\n contractual capital commitments small part expected capital spending 2016.\n amounts represent entire purchases.\n majority products services purchased as needed no unconditional commitment.\n reliable indicator future cash outflows.\n obligations current liability uncertain tax positions under asc 740 expected paid cash next 12 months.\n estimate timing long-term payments liability long-term net tax liability $ 208 million excluded.\n.\n required minimum cash pension contribution obligation.\n plans 2016 contributions.\n discretionary amounts not included table.\nenters contracts options swaps rate fluctuations cash financing.\n manages interest rate risks fixed floating debt.\n interest rate swaps.\n difference fixed floating interest.\n manages commodity price risks supply contracts price protection agreements contracts."
}
{
    "_id": "dd4c4ee72",
    "title": "",
    "text": "stockholder return graph compares 5-year return common stock nasdaq composite s&p 400 information technology index.\n assumes investment common stock january 2 2010 index december 31 2009 dividends $ 100 year january 3 2015 5 year return cadence design systems. nasdaq composite index s&p 400 technology.\n 12/28/13$ 100 invested 1/2/10 stock 12/31/09 reinvestment dividends.\n month-end.\n 2014 mcgraw-hill companies.\n.\n 1/2/2010 1/1/2011 12/31/2011/29/2012/28/2013 1/3/2015\n cadence design systems.\n composite.\n&p 400 information technology.\n stock price performance not indicative future price performance."
}
{
    "_id": "dd4bacbf4",
    "title": "",
    "text": "higher raw material energy costs $ 312 million market downtime $ 187 million $ 30 million.\n higher 2005 earnings brazilian.\n.\n lower earnings.\n european.\n printing 995000 tons downtime 2005 540000 tons lack-order.\n 525000 tons 2004 65000 tons lack-of-orders.\n.\n $ $\n operating profit $ 552\n papers sales $ 4. 8 billion 2005 $ 5. billion 2004 2003.\n 4. 4%. higher 2005. 6% higher 2003.\n pricing momentum.\n demand lower price realizations second third quarters.\n prices stabilized.\n shipments 7. 2%. lower 2004 4. lower 2003.\n closure three uncoated freesheet machines lack-of-order downtime.\ndemand new vision paper products improved brightness white ness.\n mill operations favorable rebuild.\n machine carolina mill completed fourth quarter.\n high input energy higher transportation costs.\n earnings decline lower shipments down time costs overhead operations.\n sales price stable 1% 1 % lower 2004 6% below 2003.\n sales volumes rose 1% 1 %.\n earnings lower higher wood energy costs margins currency exchange.\n affected downtime rebuild paper machines.\n papers sales $ 1. bil 2005. 2004. 2003.\n profit 2005 small loss 2004.\n earnings improvement higher sales prices improved mill operations.\n price realiza 13% higher 2004.\n higher input costs.\n sales volumes 1% 1 % lower.\n market pulp sales.\n $ 757 million 2005 661 571 million 2004 2003.\nprofits 2005 86% % 2004.\n loss 2003.\n higher prices volumes lower overhead costs improved operations.\n.\n softwood pulp prices declined third recovered.\n softwood 2% 2 lower 2004 15% higher 2003 hardwood 15% 10% 10.\n.\n pulp sales volumes 12% higher 19% 19 demand.\n euro- pean pulp volumes increased 15% 2% 2 sales prices increased 4% 4 % 11%.\n brazilian paper sales $ 684 million 2005 592 million 2004 2003.\n uncoated chips down 2004 improved.\n exchange rates.\n 17% higher 2005.\n.\n domestic un- coated paper declined 4% 4 down 3% 3 %.\n profits down 9% 9 % 2004 up 2% 2 % 2003.\n2005 impacted weaker sales uncoated papers competition demand printing commercial editorial."
}
{
    "_id": "dd4b8c4ee",
    "title": "",
    "text": ".\n commitments contingencies noncancelable office space warehouse distribution facilities trucks equipment.\n future lease commitments december 31 2009.\n 2010 $ 55178\n 2011 45275\n 2012 36841\n 2013 30789\n 2014 22094\n 59263\n $ 249440\n rental expense $ 57. million $ 49. million $ 26. 6 million 2009 2008 2007.\n guarantee residual values truck equipment leases.\n original cost.\n responsible shortfall.\n more paid residual value.\n leases 2009 guaranteed residual value $ 27. 8 million.\n 2005 2008 ford technologies complaints trade commission aftermarket parts imported.\n ford design patents.\n settled 2009 2011.\n sole distributor aftermarket automotive parts ford collision parts design patent.\npaid upfront fee pay royalty.\n amortization fee royalty expenses reflected goods statements.\n contingencies litigation claims commitments subject environmental pollution control laws regulations.\n resolution affect financial position cash flows.\n.\n 2009 acquired greenleaf auto recyclers ssi $ 38. 8 million.\n automotive parts recycling.\n gain bargain purchase $ 4. 3 million"
}
{
    "_id": "dd4c4e9fe",
    "title": "",
    "text": "2018 no remaining authority.\n december 31 2018 authority issue $ 6. billion debt securities registration.\n receivables securitization facility 2013 2017 recorded $ 400 million $ 500 million borrowings receivables facility secured debt.\n securitization facility note 11.\n.\n variable interest entities lease transactions.\n created lease transactions equipment facilities no other activities assets liabilities outside lease transactions.\n right purchase assets fixed prices.\n benefits not.\n maintain operate assets contractual obligations.\n no control value leased assets.\n power direct activities control economic performance.\n obligation absorb losses right receive benefits.\n not primary beneficiary consolidate vies fixed-price purchase options significant.\n future minimum lease payments totaled $ 1. 7 billion december 31  2018.\n.\nlocomotives freight cars.\n consolidated statements december 2018 2017 included $ 1454 million $ 912 million depreciation $ 1635 million $ 953 million depreciation capital leases.\n charge income depreciation depreciation expense.\n future lease payments non year capital leases.\n 2019 419\n 2020\n 2021\n 2022\n 2023\n payments $ 2646 $ 898\n interest\n payments 754\n 97% capital lease payments locomotives.\n rent expense leases one month $ 397 million 2018 $ 480 million 2017 $ 535 million 2016.\n variable rental expense term.\n contingent rentals sub-rentals not significant.\n.\n lawsuits pending against subsidiaries.\n effect results financial condition liquidity.\nextent recorded"
}
{
    "_id": "dd4bbfb96",
    "title": "",
    "text": "jpmorgan chase.\n allowance credit losses increased $ 13. 7 billion 23. billion.\n 4. 1 billion noncredit-impaired loans washington mutual transaction accounting.\n-sale-impaired. 62%. loans december 2008. 2007.\n consumer increased 10. 5 billion washington mutual transaction residential real estate credit card.\n 4. billion losses residential equity weak labor market economic conditions delinquencies housing prices loss.\n losses credit card increased $ 4. 3 billion allowance washington mutual bank acquisition increase $ 2. 3 billion.\n wholesale allowance loan losses increase $ 3. 4 billion weakening credit envi transfer $ 4. 9 billion leveraged lending loans.\nrisk loss extending credit allowance lending commitments wholesale consumer.\n wholesale computed modified maturities probabilities drawdown asset- specific formula-based.\n note 15 pages 178 2013180 annual.\n allowance wholesale consumer $ 659 million $ 850 million december 31 2008 2007.\n decrease reflects reduction commitments 2008.\n page 102 report.\n table allowance loan losses net charge-offs business segment december 31 2008 2007.\n.\n millions\n investment bank 3444 1329\n commercial banking 2826 1695\n treasury securities services\n asset management 191\n corporate/private equity\n wholesale 6545 3154\n retail financial services 8918\n card services 7692 3407 4556\n corporate/private equity\nconsumer 16619 6080 9433\n card\n 16619 6080 13045 6846\n 23164 9234 13477 6918"
}
{
    "_id": "dd4c1eb78",
    "title": "",
    "text": "fund cash requirements 2018 debt repayments investments share repurchases dividend payments acquisitions pension contributions additional short-term long-term borrowings.\n operating cash flow strong.\n december 31 2017 $ 211 million cash equivalents $ 151 million held outside 2016 $ 327 million $ 184 million.\n 2015 $ 26 million deferred tax liabilities pre-acquisition earnings.\n.\n remaining earnings repatriated 2016 deferred tax liabilities zero december 31 2016.\n 2017 $ 2. billion multi-year credit facility expires november 2022.\n.\n no borrowings.\n supports $ 2. billion\n commercial paper program. commercial program.\n combined borrowing not exceed $ 2.\n no outstanding.\n.\n uncommitted credit lines $ 660 million banks global funding.\n.\n$ 643 million credit lines available year-end 2017.\n letters credit surety bonds guarantees total $ 198 million commercial business transactions.\n unconditional purchase obligations commercial commitments.\n december 31 short-term borrowing program rated a-2 p-2 moody 2019s.\n long-term credit a- baa1.\n reduction credit ratings limit issue commercial paper affect renew credit facilities increase cost.\n seek additional funding term notes bonds.\n draw $ 2. billion credit facility.\n compliance debt covenants credit agreements indentures.\n obligations.\n millions less 1 year 2-3 years 4-5 years 5\n -------------------------\n notes payable $ 15\n one-time transition tax\n long-term debt\n capital lease obligations\n operating leases 617\n2753 242 436 375 1700\n $ 10853 $ 951 1370 2075 6457\n variable rate debt calculated year-end 2017.\n fourth quarter one-time transition tax.\n payable eight years.\n provisional subject adjustment year tax act.\n december 31 2017 gross liability uncertain tax positions $ 68 million.\n estimate liability cash settlement.\n amounts excluded contractual obligations."
}
{
    "_id": "dd4c2663e",
    "title": "",
    "text": "2014goodwill intangibles table outlines carrying value company 2019s goodwill assigned trading investing segment.\n trading investing\n balance december 31 2011 $ 1934232\n activity\n balance december 31 2012 1934232\n impairment goodwill\n balance december 31 2013 $ 1791809\n goodwill evaluated impairment carrying value exceeds fair value loss recoverable.\n 31 two units market making retail brokerage.\n june 2013 market making business.\n 2013 interim goodwill impairment test market making unit sale structure.\n.\n carrying value exceeded fair value.\n proceeded second test.\n entire goodwill unit impaired recognized $ 142. 4 million impairment goodwill second quarter 2013.\n december 31 2013 annual goodwill assessment retail brokerage unit fair value less carrying value.\n company goodwill impairment test not impaired december 31 2013.\n losses $ 142. 4 million trading investing $ 101. 2 million balance management.\n losses $ 101. 2 million."
}
{
    "_id": "dd4b9da64",
    "title": "",
    "text": "maturities debt outstanding balances excluding value adjustments december 31 2014 summarized millions.\n 2015 2717\n 2016 1684\n 2017 3059\n 2018 2328\n 2019 2819\n 28422\n $ 41029\n interest rates swaps contingent debt average interest rate borrowings 5. 02%. % 2014. 08%. % 2013.\n interest rate swaps note 13.\n contingent debt agreements note 12.\n 31 2014 securities converted 969117 january 14 2015 697473 class p common stock $ 24 million cash 1066028 warrants.\n.\n share-based compensation.\n plan directors.\n compensation fixed board annually payable cash.\n shares common stock.\n first meeting january effective.\n.\n total shares p common stock 250000.\n2014 2012 stock grants non directors 6210 5710 5520.\n valued $ 220000 210000 $ 185000.\n grants six-month.\n"
}
{
    "_id": "dd4bc783c",
    "title": "",
    "text": "equity compensation plan information table presents equity securities as december 31  2014.\n number securities issued options warrants rights weighted-average exercise price securities remaining future issuance excluding plans approved 1955024 36. 4078093 plans not approved.\n number securities issued weighted-average exercise price number securities remaining future issuance excluding\n plans approved by holders 1955024 36. 4078093\n plans not approved 2014\n 1955024 $ 36. 4078093\n includes grants under huntington ingalls industries.\n 2012 long-term incentive stock plan approved stockholders may 2 2012 huntington ingalls industries.\n 2011-term stock plan approved sole stockholder.\nshares 644321 stock options 539742 restricted performance stock rights 63022 2011 plan.\n 33571 stock rights 11046 restricted 663322 2012 plan target performance achievement.\n weighted average exercise price 644321 stock options.\n no awards plans approved.\n 13.\n relationships transactions director independence proxy statement 2015 annual meeting 120 days fiscal year.\n 14.\n principal accountant fees services 2015 120 days fiscal year.\n printed 96% original size final trim"
}
{
    "_id": "dd4bb7fc2",
    "title": "",
    "text": "jpmorgan chase. annual report histogram illustrates daily market risk gains losses consumer positions 2009.\n posted gains 227 261 days 69 days $ 160 million.\n graph losses 95% confidence level loss.\n losses 34 days 2009 exceeded measure one day high market volatility first quarter 2009.\n 95% confidence interval daily losses twelve times year.\n table sensitivity-basis-point increase jpmorgan chase credit spreads.\n impact shift credit curve.\n not revenue.\n valuation adjustment sensitivity point increase chase credit spread.\n december 31 2009 $ 39\n 31 2008 $ 37\n loss advisories drawdowns management trading losses remedies.\n value stress testing risk loss exposure unlikely events abnormal markets.\nfirm conducts economic value stress tests credit spreads equity prices interest rates currencies.\n risks business segments adverse movements portfolios.\n updated 2009 redefined reflect market volatility 2008.\n stress testing important controlling risk.\n firm risk profile loss potential losses monitored.\n one-off approvals cross-business risk measurement economic capital allocation.\n results trends reported senior management business positions."
}
{
    "_id": "dd4bef38c",
    "title": "",
    "text": ".\n morgan chase co.\n 2003 annual report 2013balance sheet cash obligations special-purpose entities variable-interest entities important financial markets liquidity access portfolios assets risks.\n spes not operating entities single discrete purpose limited life no employees.\n structure company selling assets spe.\n securities.\n creditors spes bankruptcy-remote.\n critical markets mortgage-backed securities asset-backed commercial paper.\n jpmorgan chase involved spes loan securi tizations multi-seller conduits client intermediation.\n capital held against spe-related transactions.\n no commitments issue stock policies require transactions reflect market pric ing.\n no jpmorgan chase employee invest spes rules conduct.\n prohibit self- dealing acting transactions financial interest.\nliquidity commitments to spes firm if credit rating jpmorgan chase bank downgraded below p-1 a-1 f1 for moody standard poor fitch.\n liquidity commitments $ 34. 0 billion at december 31 2003.\n firm.\n jpmorgan bank bank facilitate sale refi nancing assets spe liquidity.\n $ 27. 7 billion unfunded commitments.\n consolidation multi-seller conduits $ 6. 3 billion excluded underlying assets spe included consolidated balance sheet.\n table summarizes revenue information vies.\n year ended december 31 2003\n revenue $ 79 $\n includes consolidated nonconsolidated asset-backed commercial paper conduits.\n servicing fee income.\n vie vehicles derivative transactions with vies recorded at fair value balance sheet.mark-to-market gains losses trading revenue.\n not included.\n note 1 pages 86 201387 13 100 14.\n cash obligations future cash payments.\n long debt trust capital securities operating leases contractual purchases capital expenditures liabilities.\n note 18 pages 109 2013111.\n operating leases note 27 page 115.\n table summarizes jpmorgan chase 2013 balance sheet lending instruments cash obligations.\n purchases future cash expenditures services securities commodities.\n capital expenditures future cash payments real estate.\n expenditures minimum obligation contracts.\n excluded obligations settled cash under one year.\n balance deposits federal funds securities repurchase borrowed funds purchases debt equity instruments timeframes.\nregular-way derivative payables delivery purchases settlement failures."
}
{
    "_id": "dd4c616da",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 7. 50%. notes mature may 1 2012 interest payable semi-annually may 1 november 1 2004.\n redeem. notes after 1 2008.\n initial redemption price. 103. principal amount decline may 1 100% 2010.\n redeem 35% 35 %. 50% notes prior february 1 2007 price equal 107. 50%. principal amount plus accrued unpaid interest net cash proceeds public equity offerings sixty days closing.\n. notes 5. 0%. convertible notes 20448% junior indebtedness 12. 25%.\n. covenants incur debt guarantee indebtedness issue preferred stock pay dividends investments merge consolidate sell assets transactions leaseback transactions.\n 6. 25%. redemption 2004 redemption $ 212. 7 million.\n. redeemed 102. 083%.principal unpaid accrued interest.\n redemption price $ 221. million $ 4. 8 million accrued interest.\n $ 7. 1 million first quarter 2004 loss redemption deferred financing fees.\n repurchases repurchased $ 36. 2 million. notes $. million cash $ 21. million voluntary prepayment.\n 7. 50%. notes proceeds redeem 6. 25% notes repurchases $ 36. 2 million. voluntary prepayment $ 21. million loan payments long term debt capital leases five years.\n 2004 73684\n 2005\n 2006\n 2007\n 2008\n 1875760\n cash obligations 3700106\n discount 12. 25%. notes\n warrants\n holding january 2004.\n purchase 8. 7%. interest.\njanuary 2004 options company owns 88% interest atc mexico subsidiary operations.\n purchase price.\n interest independent financial advisor payable cash or shares common stock.\n pay purchase price shares closing second quarter 2004.\n payment portion purchase price atc mexico performance objectives."
}
{
    "_id": "dd4bea18e",
    "title": "",
    "text": "holders grupo gondi manage joint venture provide technical commercial resources.\n presence mexican market.\n included financial results corrugated packaging segment since formation.\n accounting investment equity method.\n january 19 2016 completed packaging acquisition.\n entities folding carton litho-laminated display packaging solutions.\n customers markets facilities.\n included financial results consumer packaging segment.\n october 1 2015 sp fiber acquisition.\n mills dublin newberg lightweight recycled containerboard kraft bag paper.\n.\n acquired 48% interest green power solutions.\n steam dublin mill electricity georgia.\n closure newberg mill decline market balance supply demand containerboard.\n included financial results corrugated packaging segment.\n.\n mergers acquisitions.\n.\n.\n.\n year ended 2018 2017 2016\n\n net sales $ 16285. $ 14859. $ 14171.\n income $ 1685. $ 1193. $ 1226.\n differentiated paper packaging solutions.\n cost price environment.\n net sales $ 16285. 1 million increased $ 1425. 4 million. 6%. 2017.\n corrugated packaging sales higher selling price consumer packaging.\n offset sales hh&b lower land development sales lower merchandising sales packaging.\n income increased $ 491. 5 million corrugated packaging.\n higher cost inflation offset recycled fiber deflation.\n freight chemical virgin fiber.\n productivity improvements.\n higher cost inflation 2019.\n corrugated packaging segment increased net sales $ 695. 1 million $ 9103. 4 million $ 8408. 3 million 2017.\nnet sales higher price volumes offset lower recycling fiber costs deconsolidation currency.\n north american box shipments increased. 1%.\n corrugated packaging increased $. million $ 1207. 9 million 753. million 2017.\n higher selling price lower recycled fiber costs productivity improvements offset cost inflation depreciation amortization.\n consumer packaging segment increased sales $ 838. 9 million $ 7291. 4 million 6452. million 2017.\n acquisitions higher price offset hh&b lower volumes.\n"
}
{
    "_id": "dd4c58e5e",
    "title": "",
    "text": "consolidated financial statements 2014 millions withholding taxes differences foreign subsidiaries reinvested outside.\n determine unrecognized deferred tax liability.\n fasb interpretation.\n table summarizes unrecognized tax benefits.\n $ 134. 8 $ 266.\n increases tax 22. 7\n decreases.\n settlements taxing authorities. -1.\n statutes limitation.\n increases tax positions 18. 19.\n end period $ 148. $ 134.\n unrecognized tax benefits $ 148. december 31 2008 $ 131. effective tax rate $ 17. adjustments tax accounts deferred.\n accrued interest penalties december 31 2008 2007 $ 33. 5 $ 33. 6 $. 7 $ 9. 2 2008 2007 consolidated statement operations.\naccounting policy interest penalties unrecognized tax benefits income taxes consolidated statements.\n classification adoption fin 48.\n.\n state local.\n tax authorities unrecognized tax benefits decrease $ 45. 0 $ 55. 0 next twelve months effective tax rate settlement tax examinations statutes of limitation.\n decrease related to income transfer pricing restatement adjustments.\n expect complete discussions with irs appeals division 1997 2004 next twelve months.\n settle uncertainties for 2005 2006.\n commenced examination.\n tax years under examination countries.\n additional taxes.\n established tax reserves adequate additional assessments.\n assess additional tax assessments adjust reserves.\n irs 2003 2004 income tax returns proposed adjustments taxable income.\n appealed items.\nsecond quarter 2007 reversals tax reserves tax benefits $ 80. worthless securities deductions consolidated subsidiaries tax examination."
}
{
    "_id": "dd4bb1e4c",
    "title": "",
    "text": "aeronautics 2019 profit 2012 increased $ 69 million 4% 2011.\n profit $ 105 million c-130 risk retirements $ 50 million f-16 deliveries risk retirements $ 50 million f-35 contracts volume risk retirements 50 million intangible asset amortization f-16 contracts.\n lower profit $ 90 million f-35 contract profit booking rate $ 50 million decreased production volume risk retirements f-22 contractual matter $ 45 million risk retirements.\n profit c-5 programs comparable 2011.\n $ 30 million lower 2012.\n lower orders f-16 c-5 c-130 f-35.\n lower orders f-35 c-130.\n aeronautics 2019 net sales increase 2014 f-35 contracts.\n operating profit slightly 2013 slight decrease margins.\nsystems global solutions is&gs provides technology systems solutions management services civil defense intelligence government customers.\n smaller contracts.\n impacted downturn federal information technology budgets.\n 2019 operating results.\n 2013 2012 2011\n net sales $ 8367 $ 8846 $ 9381\n operating profit 759\n operating margins. 1%. 3%. %\n backlog year-end 8300\n 2019 net sales decreased $ 479 million 5% %.\n lower net sales $ million decreased volume $ 320 million programs.\n offset higher net sales $ 340 million start programs.\n 2019 operating profit decreased $ 49 million 6% 2013.\n lower operating profit $ 55 million programs higher operating profit $ 15 million start-up.\nnet profit booking rate comparable 2013 2012 net sales decreased $ 535 million 6% 2011.\n decrease lower net sales $ 485 million completion programs 2011.\n $ 255 million lower volume programs"
}
{
    "_id": "dd4b89762",
    "title": "",
    "text": "management net interest income 2013 versus 2012.\n $ 3. 39 billion 13% lower 2012.\n due lower yields instruments lower interest expense sold collateralized financings.\n 2011.\n $ 3. 88 billion 2012 25% lower 2011.\n lower yields.\n disclosures 2014 assets liabilities shareholders 2019.\n operating expenses influenced compensation headcount business activity.\n compensation salaries discretionary compensation amortization equity awards.\n discretionary compensation impacted net revenues financial performance labor markets business mix share-based compensation programs external environment.\n table operating expenses staff.\n 2013 2011\n compensation benefits $ 12613\n brokerage clearing exchange fees\n market development\n communications technology\n depreciation amortization\n occupancy\nfees 930 992\n insurance 176 529\n 2931 2435 2072\n non-compensation 9856 10419\n operating 22469\n staff period-end 32900 33300\n.\n revenues.\n report"
}
{
    "_id": "dd498b1f4",
    "title": "",
    "text": "performance 100 invested 11/17/11 10/31/11 index reinvestment dividends.\n 2014.\n delphi automotive s&p 500 automotive supplier russell 3000 parts index american axle borgwarner. cooper tire rubber dana holding. delphi dorman products. federal-mogul. ford motor. fuel systems solutions. general motors. gentex. gentherm. genuine parts. johnson controls. lkq. lear. meritor. remy international. standard motor products. superior industries trw automotive holdings. tenneco. tesla motors. goodyear tire rubber. tower international. visteon. wabco holdings.\n.\n delphi automotive.\n&p 500.\n automotive supplier peer group.\nfebruary 26 2013 approved dividend payments shares.\n declared quarterly dividend $ 0. 17 paid quarter.\n 2014 increased dividend $ 0. 25 share.\n 2015 quarterly dividend $ 0. 25 share payable february 27 2015 business 18."
}
{
    "_id": "dd4b87c00",
    "title": "",
    "text": "aes corporation financial statements 2014 2011 average interest rate.\n interest rate swaps option agreements $ 3. 6 billion non-recourse debt 31.\n swap agreements change variable interest rates 1. 44%. to 6. 98%.\n option agreements fix interest rates 1. to 7.\n agreements expire 2016 through 2028.\n multilateral loans bilaterals multilaterals development banks institutions.\n non-recourse debt $ 704 million $ 945 million december 31 2011 2010 excluded non debt included current long-term liabilities.\n debt scheduled reach maturity annual maturities.\n non-recourse debt\n december 31 2011 aes subsidiaries construction $ 1. 4 billion unused credit facilities construction costs.\n $ 1.2 billion unused revolving credit lines working capital debt service reserves business needs.\n used borrowings letters credit combination.\n average interest rate borrowings 14. 75%. december 31  2011.\n october 3 2011 dolphin subsidiary ii.\n wholly-owned subsidiary indenture wells fargo bank.\n issuance $ 450 million. 50%. senior notes due 2016 $ 800 million. notes 2021. acquisition dpl.\n november 28 2011 dolphin ii merged dpl dpl surviving entity obligor.\n 2016 notes. 25% 2021 notes included bonds non-recourse detail table.\n note 23 2014acquisitions.\n interest 2016. accrues. 50%. per year payable april 15 october 15 each year april 15 2012.\n 2016 july 15  2021.25 % 2021 notes redeem 2016 notes. 25%. 2021 notes amount"
}
{
    "_id": "dd498d95e",
    "title": "",
    "text": "financial statements american airlines.\n market transactions pricing guides.\n current market maintenance condition expected proceeds sale.\n market approach intangible assets airport take off landing slots.\n income approach intangible assets customer relationships marketing agreements international route authorities us airways tradename.\n income approach indicates value cash flows.\n discounted market rate return risk time value.\n cost approach cost replacing asset assets.\n cost replace reflects estimated cost loss depreciation.\n fair value us airways 2019 dividend miles loyalty program liability weighted average ticket value outstanding miles future travel 9.\n classes service domestic international itineraries carrier award travel.\n impact merger results effects merger january 1 2012.\npro-forma results include depreciation amortization acquired assets lease debt value adjustments elimination deferred gains losses loyalty program liability impact income changes profit sharing expense.\n reflect higher wage rates memorandums airways pilots reorganization items merger transition costs.\n include anticipated synergies benefits merger.\n unaudited financial information not indicative future results acquisition january 1 2012.\n december 31.\n revenue $ 40678\n net income 2526\n.\n consolidated financial statements 2015 2014 include accounts company subsidiaries.\n us airways group.\n significant intercompany transactions eliminated.\n financial statements principles requires estimates assumptions assets liabilities revenues expenses contingent assets liabilities.\n actual results could differ estimates.\n"
}
{
    "_id": "dd4c20130",
    "title": "",
    "text": "securities returned 10% annually.\n debt securities returned 6% ( 6 % annually.\n application returns to plan 2019s allocation ranges equities bonds produces 7. 25%. and 8. 75%. point reference.\n plan 2019s returns current economic environment.\n recent returns not reliable indicators future returns.\n annual returns vary returns 2012 2011 2010 +15. 29%. 11%. 87%. selected assumption represents estimated long-term average returns.\n examine assumption other companies pension investment strategies determinations.\n data informs process qualitative judgment future investment returns.\n expected long-term return on plan assets pension cost 2012 7. 75%. same 2011.\n expected long-term return to 7. 50%. pension cost difference expected returns returns accumulated amortized to pension expense future.\npercentage point difference return causes expense $ 8 million.\n pretax pension expense $ 73 million 2013 $ 89 million 2012.\n decrease reflects favorable returns assets 2012 lower discount rate table effects pension expense changes assumptions 2013 expense baseline.\n table 27 pension expense analysis change increase 2013.\n. 5%. 5 % decrease discount rate\n. decrease long-term return assets\n. 5%. 5 % increase compensation rate\n impact changing assumption assumptions.\n pension plan contribution requirements not sensitive actuarial assumptions.\n investment performance required contributions.\n law pension protection act 2006 limits minimum maximum contributions.\n 2013.\n maintain other defined benefit plans less effect nonqualified supplemental retirement plans employees financial.\n.\n"
}
{
    "_id": "dd4c51212",
    "title": "",
    "text": "2019s jpmorgan chase. annual report wholesale credit portfolio businesses exposed credit risk underwriting lending trading cash management clearing.\n loans originated acquired retained balance sheet.\n distributes loans market syndicated loan business portfolio credit risk.\n wholesale credit environment favorable 2014 client activity.\n growth loans retained driven commercial banking lending commitments corporate.\n underwriting risk management.\n wholesale portfolio managed reviews client credit quality transaction structure collateral industry product client concentrations.\n criticized assets decreased 2013 nonaccrual loans 40%.\n wholesale credit portfolio december exposure nonperforming.\n loans retained $ 324502 308263\n loans held-for-sale 3801\n loans fair value\n 330914\nreceivables 78975 65759 275 415\n 28972 26744\n credit assets 438861 414067 1459\n 472056 446232 103\n credit exposure $ 910917 860299 1002 1665\n -26703\n liquid securities cash collateral -19604\n 28972 26744 assets 438861 414067 1459 commitments 472056 446232 credit exposure 910917 860299 1002 1665 26703 27996 securities cash collateral receivables $ 28. 8 billion $ 26. 5 billion margin loans december 31 2014 2013 retail brokerage customers accrued interest.\n unused advised lines credit $ 105. 2 billion $ 102. 0 billion december 31 2014 2013.\n advised line maximum amount nonbinding.\n borrower.\nfirm cancel facility borrower notice permitted law.\n represents net protection purchased credit derivatives qualify hedge accounting.\n.\n credit derivatives page 127.\n excludes assets loan satisfactions."
}
{
    "_id": "dd4bf3fd6",
    "title": "",
    "text": "accounting pronouncements note 1 consolidated financial statements.\n cash flow.\n increases long-term debt share repurchase acquisitions.\n november 15 2007 3m acquisition 100 percent shares aearo holding.\n $ 1. 2 billion.\n sale first quarter 2008.\n.\n 2006 2005\n total debt $ 4920 $ 3553 $ 2381\n securities\n net debt $ 1965 $ 1469 $ 1309\n december 31 2007 $ 3 billion cash flow debt issuances.\n 2006 cash balances higher sales proceeds.\n cash flows investments capital expenditures.\n access capital markets growth acquisition.\n derivative instruments.\n contingently convertible debt shares 3m common stock.\n financial condition liquidity strong.\nassets liabilities cash debt fluctuate liquidity.\n working capital totaled $ 4. 476 billion 2007 $ 1. 623 billion 2006.\n due cash equivalents securities receivables inventories debt income taxes.\n liquidity strong cash securities $ 3 billion.\n short-term liquidity.\n euro paper issuances.\n paper $ 349 million averaged $ 1. 249 billion.\n access.\n medium-term notes program $ 3 billion borrowing capacity $ 2. 5 billion.\n replaced $ 565-million $ 1. 5-billion five-year increase $ 2 billion $ 150 million letters credit.\n $ 110 million.\n short-term lines credit $ 67 million $ 13 million utilized.\n debt covenants restrict dividends.\n indeterminate debt equity securities future sales.\ncompany intends use proceeds future securities sales corporate purposes.\n december 31 2007 debt agreements $ 350 million $ 87 million esop repayment.\n aa aa1.\n $ 1. 5-billion five-year credit facility agreement maintain ebitda interest ratio. to 1.\n calculated ratio ebitda quarters interest expense debt.\n december 31 2007 ratio 35 to 1."
}
{
    "_id": "dd4c4bdc6",
    "title": "",
    "text": "july 2002 marathon received enforcement texas excess air emissions yates gas plant lease.\n settlement finalized 2004 marathon co-owners civil penalty $ 74000 donation land environmental penalty $ 74000.\n marathon owner 38% interest facilities.\n may 2003 marathon received compliance order louisiana air permit violations.\n settled civil penalty $ 148628 awaits closure.\n august 2004 west virginia department submitted draft consent order map hazardous waste.\n order civil penalty $ 337900.\n wvdep discussions ongoing.\n.\n.\n.\n new york stock exchange.\n chicago stock exchange pacific exchange.\n sales prices reporting dividends quarterly financial data.\n january 31 2005 58340 registered holders marathon common stock.\nboard declare pay dividends marathon common stock financial condition no obligation delaware law.\n policy financial statements marathon.\n dividends limited funds marathon.\n table purchases marathon fourth quarter december 31 2004 equity securities registered section 12 exchange act.\n number shares purchased average price paid per share plans programs maximum\n 10/01/04 2013 10/31/04 6015 $ 40. 51\n 11/01/04 11/30/04 5145 $ 38. 94\n 12/01/04 12/31/04 $ 37.\n 45686 $ 37.\n 42749 shares repurchased marathon oil corporation dividend reinvestment direct stock purchase plan.\n purchased issued marathon.\n 2936 shares restricted stock delivered employees marathon tax withholding requirements.\n.\ndata-49-51."
}
{
    "_id": "dd4c46786",
    "title": "",
    "text": "ownership 5% holders directors nominees executive officers shares common stock owner.\n fidelity investments 56583870 -2 2. 49%.\n steven. jobs 5546451\n william. campbell 112900 -3 3\n timothy. cook 13327 -4\n millard. drexler 230000 -5 5\n tony fadell 288702 -6\n albert. -7\n ronald. johnson 1450620 -8\n arthur. levinson 365015 -9\n peter oppenheimer 14873 -10\n eric. schmidt 12284 -11\n jerome. york\n executive officers directors 14 persons 13.\n. shares common stock options exercisable table date 60 days.\n include options restricted stock units 60 days date.\nform 13g/a filed february 14 2007 fmr corp.\n.\n 82 devonshire street boston ma 02109.\n includes 110000 shares common stock.\n campbell acquire.\n excludes 600000 unvested stock units.\n includes 40000 shares.\n drexler 190000 shares.\n acquire.\n 275 shares.\n fadell 165875 shares.\n acquire 1157 shares.\n 117375 shares.\n acquire 60.\n excludes 210000 unvested stock units.\n fadell 40000.\n spouse.\n 7 70000 shares common stock.\n acquire.\n 8 includes 1300000 shares common stock.\n johnson acquire excludes 450000 unvested restricted stock units.\n 9 includes 2000 shares.\n spouse 110000 shares.\n acquire.\n excludes 450000 unvested restricted stock units."
}
{
    "_id": "dd4c49d50",
    "title": "",
    "text": "summarize september 30 2018 effect liquidity cash flow future.\n amounts based management estimates assumptions duration renewal actions pension contributions benefit payments postretirement obligations retirement plans deferred compensation plans.\n estimates subjective obligations vary.\n payments 2019 2021 2023\n long-term debt capital lease obligations $ 6039. $ 726. $ 824. $ 1351. $ 3136.\n operating lease obligations 615. 132. 199.\n capital lease obligations 152. 6. 138.\n purchase obligations 2210. 1676. 224. 114. 194.\n $ 9017. $ 2540. $ 1255. $ 1587. $ 3635.\nincludes principal payments long-term debt held maturity excluding scheduled payments.\n excluded $ 205. 2 million fair value debt step-up deferred financing costs unamortized bond discounts.\n fffdnote 13.\n.\n fffdnote 14.\n operating leases.\n fair value step-up $ 18. 5 million excluded.\n 13.\n capital lease.\n purchase obligations agreements goods enforceable quantities price timing.\n exclude cancelable penalty.\n included future estimated pension plan contributions benefit payments postretirement obligations supplemental retirement plans deferred compensation plans.\n estimates based discount rates returns.\n contributions subject changes.\n.\n excluded $ 247. million multiemployer pension plan withdrawal liabilities 30 2018 payout terms.\n fffdnote 4.\nretirement plans multiemployer plans consolidated financial statements information.\n not included items table long-term liabilities consolidated balance sheet definite pay-out scheme.\n $ 158. 4 million line obligations financial accounting standards taxes uncertain tax positions amount timing payment.\n enforceable obligations obligations goods services raw materials business.\n contracts subject change business decisions.\n expenditures environmental compliance item 1.\n governmental regulation environmental remediation costs climate change expenditures environmental compliance."
}
{
    "_id": "dd4bd938e",
    "title": "",
    "text": ".\n authorized issue 250 million shares none issued outstanding december 31 2009.\n numerator basic diluted earnings net earnings.\n weighted average shares.\n diluted dilutive stock options equity awards.\n reconciliation weighted shares basic diluted computations years december 31.\n shares net earnings.\n dilutive stock options awards.\n diluted earnings.\n earnings. dilutive stock options. diluted earnings. 31 2009 14. million options purchase stock not included diluted earnings prices greater average market price.\n years 2008 2007 11. 2 million 3. 1 million options not included.\n 2009 repurchased 19. 8 million shares common stock average $ 46. 56 per share total cash outlay $ 923. 7 million commissions.\n2008 board authorized $ 1. 25 billion share repurchase program december 31 2009.\n extended december 31 2010.\n $ 211. 1 million future repurchases.\n.\n design develop manufacture market orthopaedic reconstructive implants dental spinal implants trauma.\n healthcare services.\n revenue less than 1 percent net sales.\n operations segments pacific.\n basis reportable segment information.\n evaluates performance profit operations corporate expenses share-based compensation settlement acquisition curtailment inventory-up research development write-offs intangible asset amortization.\n operations research development engineering medical education brand management legal finance human resource.\n manufacturing.\n intercompany transactions eliminated.\n reviews accounts receivable inventory property plant equipment goodwill intangible assets.\npuerto rico-based manufacturing operations logistics corporate assets.\n.\n 2 0 0 9 notes consolidated financial statements job c55340 pcn|00007|02/24/2010 01:32 valid no color|"
}
{
    "_id": "dd4c391d0",
    "title": "",
    "text": "edwards lifesciences financial statements.\n acquisitions closed january 23 2017 2. 8 million shares common stock value $ 266. 5 million cash $ 86. 2 million.\n recognized $ 162. million milestone payments.\n remeasured quarter expenses.\n note.\n placed $ 27. 6 million purchase price escrow indemnification.\n funds remaining disbursed shareholders.\n acquisition costs $. million $ 4. 1 million december 31 2017 2016.\n valtech early stage transseptal mitral valve replacement technology program.\n exclusive option acquire program intellectual property $ 200. million $ 50. million regulatory approval 10 years.\n option expires two years one year clinical trials.\n developer transcatheter mitral tricuspid valve repair system.\n add.\n acquisition business combination.\nintangible assets acquired recorded values acquisition date.\n excess purchase price value recorded goodwill.\n table summarizes values liabilities assumed millions.\n assets $ 22.\n property equipment.\n goodwill 316.\n technology 109.\n ipr&d 87.\n assets.\n liabilities -5.\n deferred income taxes.\n purchase price 515.\n cash acquired -4.\n purchase price $ 511.\n synergies benefits.\n not deductible tax.\n capitalized fair value intangible asset indefinite life assessed impairment.\n fair value determined income approach.\n flow projections discounted risk-adjusted.\n 18. to 20.\n"
}
{
    "_id": "dd4bf7820",
    "title": "",
    "text": "long-lived assets assess assets for impairment statement 144 . tested for impairment carrying amount exceed fair value.\n values based undiscounted future cash flows disposition.\n assess goodwill intangible assets impairment annually statement 142. no impairment charges from july 1 2007 events.\n initial assessment fair value operations book value unit.\n fair value less value impairment indicated second test impairment.\n calculate implied fair value value assets value.\n carrying value exceeds fair value record impairment charge.\n december 31 2007 $ 600. 7 million goodwill recorded consolidated balance sheet.\n services\n intangible assets finite useful life amortized over estimated useful life indefinite useful life not amortized.\nintangible assets impairment testing.\n oneok partners segment $ 443. million assets balance sheet december 31 2007 $ 287. 5 million amortized 40 years remaining balance indefinite life.\n 2006 recorded goodwill asset impairment $ 8. 4 million $ 3. 6 million depreciation amortization.\n reduction net income $ 3. million.\n 2005 spring creek power plant generation.\n impaired expense $ 52. 2 million.\n statement 144 impairment analysis net sales proceeds sale.\n completed october 31 2006.\n discontinued operations.\n.\n unamortized excess cost value assets $ 185. 6 million december 31 2007 2006.\n equity method goodwill recognized opinion.\n. unconsolidated affiliates balance sheets.\n pension benefits.\nsponsor welfare plans postretirement medical life insurance employees five years service.\n actuarial consultant calculates expense liability factors future events.\n discount rate return future compensation age employment periods.\n change costs liabilities.\n note j financial form 10-k information."
}
{
    "_id": "dd4bf481e",
    "title": "",
    "text": "annual report 2012 realty corporation indirect costs charged administrative expenses.\n review overhead cost structure leasing adjust staffing.\n increased $ 43. 1 million 2011 to $ 46. 4 million 2012.\n factors.\n expenses.\n reduction overhead costs.\n increased absorption wholly-owned development leasing.\n reduced allocation service operations rental operations.\n expenses 2012.\n reduced overhead costs staff reductions product mix third-party construction leasing management.\n increased focus development wholly-owned properties leasing activity absorption overhead.\n capitalized $ 30. 4 million $ 20. million overhead costs leasing development 2012 $ 25. 3 million $ 10. 4 million 2011.\n overhead costs leasing development 31. 1%. 20. 6%. overhead costs 2012.\nreduction overhead costs resulted reduced construction reducing investment in office properties.\n operations increased from $ 220. 5 million 2011 to $ 245. 2 million 2012.\n $ 47. 4 million discontinued operations 2011 $ 3. 1 million 2012.\n total interest expense decreased from $ 267. 8 million 2011 to $ 248. 3 million 2012.\n lower borrowing rate refinancing higher rate bonds decrease average borrowings.\n increase properties under development common equity $ 5. million increase capitalized interest contributed decrease expense.\n recognized $ 4. 2 million acquisition costs $ 2. 3 million 2011.\n increase acquiring higher medical office properties.\n recognized $ 1. million gain acquisition building 50%-owned.\n discontinued operations sold.\ndiscontinued revenues expenses real estate taxes interest depreciation net gain disposition.\n 150 buildings discontinued.\n 114 office 30 industrial four retail two medical.\n losses $ 1. 5 million $ 1. 8 million $ 7. 1 million.\n 28 19.\n gains disposal $ 13. 5 million $ 100. 9 million $ 33. 1 million"
}
{
    "_id": "dd4c0f3ee",
    "title": "",
    "text": "international networks segment owns operates regional television networks reached subscribers viewers via pay fta as of december 31  2017 : television service international subscribers/viewers ( millions ).\n 66\n dsport\n nordic broadcast networks 34\n red\n discovery hd world\n discovery hd theater\n discovery history\n discovery civilization\n world\n discovery espanol.\n familia.\n subscribers corresponds to nordic broadcast networks in sweden norway finland denmark retransmission agreements pay-tv providers.\n networks include kanal 5 9 11 norge vox 4 5 9.\n.\n source revenue for networks fees operators linear networks.\noperators include cable dth satellite internet protocol over-the-top operators.\n international television markets vary.\n some. digital others analog.\n long-term distribution relationships shorter.\n distribution revenue on subscribers rates market demand content.\n source revenue advertising on networks.\n.\n factors development pay fta television markets subscribers viewership demographics popularity programming commercial time media platforms.\n advertising sales business operates in-house teams external.\n 2017 distribution advertising revenues were 57% 41% 41 % 2% 2 % of total net revenues.\n company operated cable networks international advertising revenue by fta broadcast networks.\n.\n fta broadcast networks generated 54% pay-tv 46% 46 %.\n largest cost is content expense for localized programming 400 distribution feeds.\ninternational networks segment maximizes programming.\n develop local programming preferences rights films sporting events from third parties.\n networks cost capitalized content rights current estimated revenues lifetime revenues accelerated or straight-line method five.\n content acquired from.\n developed locally amortized similarly amortization rates vary network.\n half international networks content amortized accelerated remainder straight-line.\n costs multi-year sports programming arrangements expensed based estimated value component.\n international networks.\n operations generation revenue expense lower segment margin economies scale 220 markets cost localization.\n networks include sports broadcast channels drive higher costs sports rights production entertainment programming.\n 23 2016.\n referendum exit from european union.\n government.\n. future relationship.\n brexit advertising subscribers distributors employees.\nmonitor effects distribution licensing agreements foreign currency fluctuations legal regulatory landscape.\n education generated revenues $ 158 million 2017 2% consolidated revenues.\n curriculum-based subscriptions k-12 schools online professional development services digital textbooks student assessments hard copy content.\n wholly-owned production studio services.\n.\n february 26 2018 sale controlling equity stake education 2018 francisco partners $ 120 million.\n no loss.\n equity interest.\n ongoing license agreements fair value.\n education business meet sale criteria.\n april 28 2017 sold raw betty all3media.\n.\n television film digital.\n owns 50% all3media equity accounting.\n betty.\n november 12 2015 paid $ 195 million 5 million shares 3% lions gate entertainment corp.\n movies television security.\n2016 determined decline investment lionsgate cost basis adjusted fair value investment september 30 2016.\n note 4 financial statements. content development strategy viewership innovation value network distributors advertising customers.\n content sourced from third-party producers nonfiction companies independent producers wholly-owned studios.\n arrangements categories produced coproduced licensed.\n content.\n retain editorial control rights costs.\n digital-first content virtual reality video wholly-owned studios.\n coproduced content rights third parties.\n licensed content films"
}
{
    "_id": "dd4bedf0a",
    "title": "",
    "text": "analysis financial condition results operations 2014liquidity capital resources factors. sales unregistered securities december 31 2005 issued 4670335 shares common stock conversion $ 57. 1 million 3. 25%. notes.\n holders. received 81. 808 shares $ 1000 converted.\n exemption registration section 3 9 securities act 1933.\n no underwriters engaged.\n paid holders $ 4. 9 million accrued unpaid interest future interest payments.\n issued shares conversions additional 3. 25%. notes item 9b report. december 31 2005 issued 398412 shares common stock 55729 warrants merger spectrasite.\n. assumed 1. million warrants purchase shares.\n.\n.\n converted warrant. shares $ 32 per warrant.\n net proceeds $ 1. 8 million.\nshares common stock issued warrantholders exemption registration section 3 ( 9 securities act 1933.\n no underwriters engaged.\n december 31 2005 issued shares additional warrants item 9b annual report. november 2005 board approved stock repurchase program repurchase $ 750. 0 million common stock through december 2006.\n fourth quarter 2005 repurchased 2836519 shares aggregate $ 76. 6 million total number shares purchased average price paid per share plans dollar value.\n average price dollar value\n 11/17/05 2013 11/30/05 874306 $ 26. 25 $ 727.\n 12/1/05 2013 12/31/05 1962213 $. $ 673. 4\n fourth quarter 2836519 $.\nissuer repurchases stock repurchase program november 2005.\n intend repurchase $ 750. million common stock november 2005 december 2006.\n management authorized purchase shares open market prevailing prices securities laws requirements subject market conditions.\n trading plan rule 10b5-1 securities exchange act 1934 trading trading.\n.\n december 31 2005.\n january 1 2006 march 9 2006 repurchased 3. 9 million shares $ 117. 4 million."
}
{
    "_id": "dd4be669c",
    "title": "",
    "text": "third parties.\n issued guar antees $ 171 million debt obligations unconsolidated affiliates.\n off-balance sheet arrangements limited future payments noncancelable operating leases $ 408 million invested four variable interest entities.\n primary beneficiary general mills capital.\n subsidiary note eight.\n interest contract manufacturer geneva.\n not consolidated material results financial condition liquidity.\n property equipment $ 50 million long debt $ 50 million.\n not pb remaining two vies.\n exposure loss limited $ 150 million minority interest gm capital $ 6 million equity investments.\n future estimated cash payments obligations.\n purchase obligations raw mate packaging marketing commit.\n net fair value interest rate equity swaps $ 159 million may.\n impact.\nlong-term obligations income taxes accrued compensation benefits miscella neous liabilities.\n estimate timing.\n statutory funding requirements defined-benefit retirement benefit plans.\n information contributions 2007 note thirteen financial statements pages 47 50.\n due fiscal year-09.\n long-term debt $ 4546 $ 2131 $ 971 1389\n accrued interest 152\n operating leases\n purchaseobligations 2351 2068\n $ 7457 $ 4443 $ 1257 $ 1538\n significant accounting estimates note one financial statements pages 35 37.\n financial condition results.\n trade consumer promotion activities goodwill asset impairments income taxes pension postretirement benefits.\n net costs.\nconsumer coupon costs based on estimated redemption value determined by historical patterns market conditions activity.\n trade promotion costs include payments to customers merchandising activities discounts distribution new products.\n cost recognized as revenue precedes cash expenditure.\n requires estimation customer participation performance.\n estimates based on sales timing costs.\n differences between estimated expenses costs insignificant recognized as change management estimate.\n accrued trade consumer promotion liability $ 339 million may 28 2006 $ 283 million may 29 2005.\n unit volume last week quarter higher than average.\n final week two four shipments increased promotional activity.\n activity includes promotions inventory marketing events demand interim unit volume targets.\n more product sales level could."
}
{
    "_id": "dd4c0fb0a",
    "title": "",
    "text": "five-year performance comparison 2013 graph shareholder returns corporation compared peer group index dj trans s&p 500.\n assumes $ 100 invested common stock union pacific corporation december 31 2012 dividends reinvested.\n information historical not indicative future performance.\n purchases equity securities 2013 2017 repurchased 37122405 shares common stock average price $ 110. 50.\n table common stock repurchases fourth quarter 2017 shares purchased average price paid plan maximum.\n oct. 1. 31 3831636 $ 113.\n. 3005225.\n. 31 2718319.\n 9555180 $ 119. 58\n purchased quarter 323670 shares delivered employees pay stock option prices excess tax withholding obligations.\n2017 board authorized repurchase 120 million shares common stock december 31 2020.\n open market.\n management discretion timing."
}
{
    "_id": "dd4be678c",
    "title": "",
    "text": "issuance guarantees.\n adoption fasb interpretation.\n 45 net income equity company.\n january 2003 fasb interpretation.\n 46 201cconsolidation variable interest entities 51 201d issued.\n objectives guidance identification consolidation variable interest entities control voting rights.\n analysis.\n.\n acquisitions health plan.\n 2004 commenced opera ohio acquisition.\n medicaid-related assets purchase $ 6800.\n cost allocated liabilities.\n august 2003 acquired medicaid-related contract rights san antonio $ 1045.\n purchase price allocated contracts amor tized straight five years.\n acquired 100% ownership behavioral healthcare services company. 3%.\n consolidated financial state ments operations 1 2003.\n paid $ 1800 purchase gpa.\ncost ownership interest allocated assets acquired liabilities assumed estimated subject.\n preliminary allocation goodwill $ 3895.\n not amortized deductible tax.\n disclosures excluded.\n 2003 purchased contract name rights medication.\n purchase price $ 563 allocated contracts amortized five years.\n investor group.\n.\n purchased 80% capital stock.\n.\n october 2003 option purchase remaining 20% stock.\n purchase price $ 13258.\n financial statements december 2002.\n acquisition resulted intangible assets $ 3800 contract rights network.\n amortized over ten-year period.\n goodwill $ 7940 not amortized not deductible tax.\n changes purchase price allocation purchase remaining 20% stock intangible assets deferred tax liabilities.\n operations acquisition january 1 2001.\npro forma results reflect actual indicative future.\n revenue $ 567048 395155\n net earnings 25869 11573\n diluted earnings per common share.\n. texas universities health 2002 purchased schip contracts texas areas.\n cash purchase price $ 595 contract rights amortized five years.\n 2002 acquired life insurance wisconsin purchase $ 3527.\n allocated purchase price assets.\n $ 479 intangible assets licenses amortized financial subsidiaries"
}
{
    "_id": "dd4bd3b46",
    "title": "",
    "text": "valero energy corporation subsidiaries financial statements commodity price risk exposed risks crude oil refined products grain natural gas.\n reduce impact price volatility use commodity derivative instruments futures swaps options.\n futures liquidity flexibility hedging.\n swaps manage price exposure.\n positions commodity derivative instruments monitored risk control group risk management policy.\n use fair value hedges cash flow hedges economic hedges.\n commodity derivative instruments trading.\n.\n fair value hedges hedge price volatility refining inventories commitments purchase inventories.\n activity based operating inventories.\n december 31 2012 outstanding commodity derivative instruments hedge crude oil refined product inventories fixed price.\n volume contracts by type instrument year maturity.\n.\ninstrument 2013\n crude oil refined products\n futures 1052\n 4857\n contracts"
}
{
    "_id": "dd496ed24",
    "title": "",
    "text": "redeemable securities subsidiary trusts tier 1 capital $ 23. 899 billion at december 31 2008 $ 23. 594 billion 2007.\n citigroup issue new securities.\n frb issued rule april 11 2005 1 capital stricter quantitative limits clearer qualitative standards.\n five-year transition securities 1 capital limited 15% 15 % capital deferred tax.\n 2 capital.\n citigroup had 11. 8%. against limit.\n limits march 31 2009.\n permits additional securities equity units tier 1 capital 25% 15% 15 limit.\n december 31 2008 citigroup. 1%. against limit.\n frb granted interim capital relief adopting sfas 158 2008 2007.\n frb propose amendments risk-based capital guidelines reporting instructions.\naffect capital ratios risk-weighted assets.\n citigroup depository institutions subsidiary institutions united states subject risk-based capital guidelines federal bank regulatory agencies similar.\n capitalized tier 1 capital ratio 6% total ratio 10% leverage ratio 5% not subject regulatory directive higher capital levels.\n december 31 2008 subsidiary depository institutions capitalized including primary institution.\n capital ratios regulatory guidelines billions year end 2008 2007.\n 1 capital $ 71. $ 82.\n total capital 108.\n 1 capital ratio 9. 94%. 98%.\n total capital ratio 15.\n leverage ratio.\n. capital assets.\n.\n net loss 2008 $ 6. 2 billion.\n.\n received contributions from parent company $ 6. 1 billion.\n.\nadditional notes 2008.\n citicorp holdings.\n outstanding 2008 2007 citibank. 2 capital $ 28. billion.\n citibank.\n received additional $ 14. billion capital contribution 2009.\n not reflected table.\n events 2008 citigroup future events citibank."
}
{
    "_id": "dd496f77e",
    "title": "",
    "text": ".\n financial statements states jurisdictions tax credits.\n deferred tax assets offset valuation allowance.\n.\n taxes foreign subsidiaries unless reinvested exempted tax system.\n.\n tax liability reduced taxes.\n november 30 cumulative earnings.\n $ 275 million.\n unrecognized deferred tax liability $ 57. 8 million.\n net operating loss carryforwards $ 881. 1 million federal $. 7 million state.\n foreign tax credit carryforwards $ 8. million $ 189. million $ 14. million.\n credits expire 2019 2036.\n federal carried indefinitely.\n reduced valuation allowance annual limitation revenue code section 382.\n valuation allowance $ 174. 5 million deferred tax assets.\n 2018 total change valuation allowance $ 80. 9 million.\nuncertainty income taxes 2018 2017 changes unrecognized tax benefits summarized.\n balance $ 172945 $ 178413\n increases benefits 2013 16191 3680\n decreases -4000 -30166\n increases 24927\n settlements taxing -3876\n statute limitations -45922 -8819\n exchange gains losses -3783 3783 8786\n balance $ 196152 $ 172945\n accrued interest penalties $ 24. 6 million $ 23. 6 million 2018 2017.\n long-term income taxes.\n income tax returns states.\n jurisdictions.\n continual examination.\n major tax jurisdictions ireland california united states.\n earliest years examination 2008 2014 2015.\n assess outcomes adjustments.\nbelieve estimates reasonable no assurance final determination operating results financial position.\n timing resolution tax uncertain tax payments audit settlement.\n cause fluctuations assets liabilities taxes.\n next 12 months audits conclude statutes limitations tax expire.\n uncertainties determine tax benefits $ 0 to $ 45 million."
}
{
    "_id": "dd4b8ece4",
    "title": "",
    "text": "transfer agent registrar common stock computershare shareowner services llc 480 washington boulevard 29th floor jersey city new jersey 877 unregistered securities.\n repurchase equity purchases october 1 to december 31 2015.\n shares purchased average price paid plans value.\n average price value\n october 1 - 31 2140511 $. 54 2139507 227368014\n november 1 - 30 1126378. 201557625\n december 1 - 31 1881992. 97 1872650 $ 158553178\n 5148881 $ 21. 96 5136758\n shares common stock $ 0. 10 per share withheld employee stock-based compensation plans tax withholding obligations vesting restricted shares.\nrepurchased 1004 october 1777 november 9342 december 2015.\n average price per share three-month period calculated tax withholding obligations paid shares stock repurchase program note 5 withheld acquired.\n february 2015 board authorized share repurchase program $ 300. 0 million common stock.\n february 12 2016 board approved new repurchase program $ 300. 0 million common stock.\n new authorization addition 2015 program.\n no expiration date."
}
{
    "_id": "dd4c2b8f0",
    "title": "",
    "text": "entergy texas.\n subsidiaries financial discussion analysis expects contribute $ 17 million pension plans $ 3. 2 million postretirement health care life insurance plans 2017 2017 pension contributions january 1 2017 valuations expected april 1  2017.\n accounting estimates pension benefits.\n has $ 15. 6 million unrecognized tax benefits.\n note 3 financial statements tax benefits.\n planned capital investment estimate includes montgomery county power station transmission projects distribution spending investment system improvements.\n capital expenditures subject review vary regulatory constraints environmental compliance business opportunities market volatility economic trends restructuring capital.\n information long-term debt note 5 financial statements.\n evaluates pay dividends earnings.\nentergy texas include funds cash debt stock issuances bank financing.\n refinance redeem retire debt maturity market interest dividend rates.\n debt stock issuances require regulatory approval.\n subject issuance tests bond.\n capacity capital needs.\n receivables money pool december 31.\n 2016 2015 2014 2013\n 681 22068 6287\n note 4 financial statements.\n credit facility $ 150 million august 2021.\n letters credit against 50% borrowing capacity.\n december 31 2016 no cash borrowings $ 4. 7 million letters of credit outstanding.\n party uncommitted letter of credit facility post collateral"
}
{
    "_id": "dd4b9a936",
    "title": "",
    "text": "increased $ 105. 6 million 3. 4%. 4 % 2006 to 2007.\n table reflects revenue growth years december 31 2008 2007 2006.\n 2007\n 4. 0%. 0 %. 2%. 2 %. 4%. 4 %\n fuel surcharges. 8\n.\n recycling commodities.\n.\n. 9. 5.\n non-core volume. 2014\n. 8 6\n growth. 9\n divestitures 13. 4 5\n.\n revenue growth 16. 0%. % 3. 4%. 4 % 7. 2%. 2 %\n volume growth year december 31 2006. 8%. % hauling waste city toronto landfills michigan.\n service.\n acquisition december 2008.\n new taxes landfill volumes states customers.\n2008 december 31 core revenue growth broad-based pricing initiative.\n 14. 7%. due acquisition allied.\n higher fuel surcharges environmental fees.\n lower prices commodities.\n decrease volumes commercial industrial collection landfill volumes slowdown economy.\n expect economic conditions.\n 2007 revenue growth initiative.\n higher prices.\n decrease lower industrial collection landfill volumes slowdown residential construction.\n 2006 revenue growth pricing initiative.\n volume growth landfill.\n offset hurricane clean-up quarter 2005.\n 2009 internal revenue operations decrease 4. 0%.\n growth core pricing 4. decrease volume 8.\n no deterioration economy.\n growth may flat decline 2009 depending economic conditions pricing initiatives.\n cost operations.\n $ 2. 4 billion. 1. 9 billion 65. 6%. 63. 1%. 62. 7%.7 % years 2008 2007 2006.\n increase cost operations 2007 acquisition allied december 2008.\n remaining increase due charges 2008 $ 98. 0 million costs f&os oepa environmental conditions countywide facility ohio $ 21. 9 million environmental conditions closed disposal facility 048000000|02/28/2009 17:08 valid color"
}
{
    "_id": "dd4be2290",
    "title": "",
    "text": "entergy corporation subsidiaries liability $ 60 million $ 2. 7 million difference credit interest expense.\n $ 60 million liability eliminated cash purchase price.\n 2016 entergy louisiana waterford 3 lease future minimum lease payment. $ 57. 5 million $ 2. 3 million interest due january 2017 long-term debt.\n february 2017 leases terminated assets conveyed entergy louisiana.\n gulf lease sold leased interests $ 500 million.\n leases expired july 2015.\n renewed leases july 2036.\n repurchase renew.\n.\n sale-leaseback financing transaction.\n expenses interest lease plant depreciation.\n operating revenues recovery lease payments.\nferc audit report system energy recorded difference lease payments interest depreciation zero net balance end lease term.\n liability $ 55. 6 million $ 55. 6 million december 31 2016 2015.\n gulf sale leaseback future minimum lease payments 5. 13%. recorded long-term debt amount.\n 17188\n 2018\n 2019\n 2020\n 2021\n 257812\n 343752\n interest 309393\n net minimum lease payments $ 34359"
}
{
    "_id": "dd4be687c",
    "title": "",
    "text": "17.\n losses pmi's net taxes.\n earnings millions 2017 2016\n currency translation adjustments $ -5761 -6091 -6129 ( 6129\n pension benefits ( ( 3565 -3332 (\n derivatives hedges\n losses $ -8535 ( $ -9559 ( -9402 (\n reclassifications tax impact consolidated statements december 31 2017 2016 2015.\n $ 2 million $ 5 million $ 1 million net currency translation adjustment gains losses transferred marketing administration research costs liquidation subsidiaries.\n note 13.\n benefit plans 15.\n financial instruments pmi's pension benefits.\n.\n tobacco-related litigation proceedings pending against subsidiaries indemnitees.\nindemnitees include distributors licensees others parties agreed to defend pay costs judgments.\n distribution agreement between altria group.\n pmi pmi indemnify altria philip morris usa.\n.\n subsidiary for tobacco product claims products pmi pmi pmi excluding pmi.\n adverse developments in cases against us subsidiaries.\n unfavorable outcome encourage additional litigation.\n damages tobacco significant range into billions.\n.\n variability in pleadings experience monetary relief little to ultimate outcome.\n tobacco-related litigation early stages uncertainty.\n successful in defending tobacco-related litigation.\n record provisions in financial statements for litigation unfavorable outcome probable loss.\npossible unfavorable outcome management concluded probable loss incurred in pending tobacco-related cases unable estimate possible loss no estimated loss accrued in financial statements for unfavorable outcomes.\n legal defense costs expensed incurred."
}
{
    "_id": "dd4bea698",
    "title": "",
    "text": "inc.\n financial statements measurement date market price acquirer securities purchase business combination.\n components allocation.\n assets acquired july 13 2006 $ 800\n research development 10200\n technology how 39500\n customer relationship 15700\n trade name 3300\n order backlog 800\n deferred income taxes 4400\n goodwill 145900\n estimated purchase price $ 220600\n plan restructure r2 activities.\n liability $ eitf issue.\n 95-3 termination employees abandonment lease space $ 46 paid september 30 2006.\n plan one year additional liabilities goodwill.\n final purchase price allocations one year financial position.\n intangible assets identified valued.\n customer relationships trademarks developed technology identifiable values.\n base market position partnership companies.\n trademarks product names.\n developed technology products.\nestimated $ 10200 purchase research projects r2s digital cad products.\n add digital algorithm new platform technology breast density measurement.\n project 20% complete spend $ 3100.\n deferred income tax asset net operating loss offset assets adjustments not deductible.\n acquisition suros surgical systems.\n 2006. 17.\n results operations included financial statements mammography business.\n surgical indianapolis develops manufactures sells invasive interventional breast biopsy technology site marking."
}
{
    "_id": "dd4c5feac",
    "title": "",
    "text": "consolidated financial statements union pacific corporation subsidiary companies references 201ccorporation subsidiaries railroad company 201crailroad.\n.\n class i railroad.\n network 32084 route miles pacific gulf coast ports midwest eastern.\n gateways mexican gateways.\n own 26064 miles operate remainder trackage rights leases.\n serve western two-thirds country coordinated schedules rail carriers freight atlantic pacific coast southeast southwest canada mexico.\n export import traffic gulf coast pacific coast ports mexican canadian borders.\n railroad subsidiaries affiliates reportable operating segment.\n financial results segment.\n freight revenue commodity group.\n agricultural products\n automotive\n chemicals\n coal\n industrial products\nintermodal 4074 4489 4030\n freight revenues $ 20397 $ 22560 $ 20684\n 1416 1279\n operating revenues $ 21813 $ 23988 $ 21963\n revenues customers. origination products outside.\n commodity mexico.\n freight revenues $ 2. 2 billion 2015 $. 3 billion 2014 $. 1 billion 2013.\n consolidated financial statements accounting principles.\n.\n tax.\n.\n union pacific corporation subsidiaries.\n investments affiliated companies 50% equity method.\n intercompany transactions eliminated.\n no majority-owned investments consolidation variable interest.\n equivalents maturities three months less.\n reduced allowance doubtful accounts.\n based historical losses credit worthiness"
}
{
    "_id": "dd4bd7f7a",
    "title": "",
    "text": "systems notes financial statements review goodwill impairment annually.\n completed annual impairment test second quarter 2013.\n step 1 assessment three reporting units media marketing publishing no impairment goodwill.\n risk.\n amortize intangible assets finite over estimated useful lives review impairment.\n monitor events long-lived assets.\n assess recoverability future cash flows.\n less than carrying amount recognize impairment loss excess carrying amount over value.\n intangible asset impairment charges 2013 2012 2011.\n assets amortized over estimated useful lives 1 to 14 years.\n amortization based economic benefits.\n weighted average useful lives assets.\n purchased technology\n customer contracts relationships\n trademarks\n acquired rights technology\n localization\n intangibles\ndevelopment costs capitalization begins technological feasibility completion prototype no critical bugs release candidate.\n amortization begins software ready economic benefits.\n costs between availability material.\n internal software capitalize costs systems development stage.\n include costs payroll expenses employees.\n capitalization begins preliminary project stage ceases complete ready.\n asset liability method accounting.\n expense recognized taxes payable refundable current year.\n deferred tax assets liabilities recognized future tax consequences differences financial reporting tax operating losses tax credit carryforwards.\n valuation allowance reduce deferred tax assets realization."
}
{
    "_id": "dd4c3eb94",
    "title": "",
    "text": "2013 earnings per share calculated net earnings allegion plc by weighted-average ordinary shares.\n diluted eps calculated after adjusting denominator potentially dilutive shares share-based compensation plans.\n table summarizes weighted-average shares diluted earnings.\n 2018 2017 2016\n shares 95.\n incentive stock plans.\n diluted shares.\n december 31. million stock options excluded from diluted shares anti-dilutive.\n 2013 net revenues recognized performance obligations.\n obligation transfer control product.\n two revenue streams product sales services.\n 99% consolidated net revenues involve contracts single performance obligation transfer of control customer.\n goods shipped from facilities control transfer points.\nrevenues measured consideration transferring control variable consideration sales incentive programs discounts volume rebates.\n preclude revenue estimate deduction revenues rates sales volumes.\n offers standard warranty product sales included in contractual price.\n cost accrued as liability.\n remaining net revenues involve services installation consulting.\n revenue delays recognition until obligations satisfied.\n customer acceptance provisions in sales arrangements.\n revenue recognition deferred until performance obligations satisfied.\n december 31  2018 no adjustments performance obligations recorded.\n asc 606 disclosure remaining performance obligations for contracts duration one year or less performance.\n transaction price not adjusted for significant financing component.\n sales value-added taxes excluded from net revenues.\n for shipping handling activities after as fulfillment instead of performance obligations.\nactivities included cost goods consolidated statements.\n company payment terms consistent with industries businesses.\n table shows net revenues years december 31 sales services disaggregated business segment.\n revenues contract terms conditions economic factors revenue similar"
}
{
    "_id": "dd4bb60a0",
    "title": "",
    "text": "2022 international.\n markets less advanced current technologies wireless.\n demand for communications sites driven by voice network investments new market entrants 3g data deployments.\n india nationwide voice networks deployed beginning investments 3g.\n mexico brazil networks deployed providers 3g spectrum auctions investments 3g.\n chile peru spectrum auctions attracted new entrants begin voice 3g data networks.\n demand tower sites continue increasing coverage investing next generation data networks.\n rental management revenue growth.\n grew portfolio communications sites acquisitions construction 7800 sites.\n evaluate opportunities acquire larger portfolios portfolio.\n international\n majority sites acquired constructed india chile colombia peru.\n network development services revenue growth.\ngrowing rental management operations anticipate network development services revenue small percentage total revenues.\n offer tower-related services site acquisition zoning permitting structural analysis support site leasing business addition new tenants equipment.\n rental management operations expenses.\n ground rent property taxes repairs maintenance utilities.\n exclude corporate selling administrative development expenses.\n increase adding tenants sites modestly year-over-year.\n leasing additional space new tenants provides cash flow.\n incur additional selling administrative expenses.\n profit margin growth impacted addition new tenants diluted development activities.\n reit election.\n tax strategy considering election reit.\n income tax.\n elect reit status taxable year january 1 2012 second half 2011 subject approval board directors no certainty timing reit election."
}
{
    "_id": "dd4c29028",
    "title": "",
    "text": "discount rate determined pension postretirement benefit plans.\n year-end 2011 company approach settlement obligations cash flows matching maturity values bonds.\n yield curve developed.-graded corporate bonds callable.\n discount rate value projected benefit payments.\n expected long-term rate return on assets based on historical projected rates administrative investment management fees.\n rates selected experience future expectations.\n overall expected rate return developed adjusted portfolio management results expenses assets.\n pension expense increases return decreases.\n 2014 benefit plan obligations adopted new table mortality table generational bb-2d projection scale.\n pension postretirement benefit plans obligations.\n health care cost trend rates postretirement benefit plans.\n based historical rates market conditions.\none-percentage-point change health care cost service interest cost components.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 5943 $ ( 4887 postretirement benefit obligation.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 105967 $ ( 86179.\n-percentage-point increase decrease\n service interest cost components $ 5943 $ -4887 ( 4887\n postretirement benefit obligation $ 105967 $ -86179 86179\n discount rate assumption determined pension postretirement benefit plans.\n-end 2011 settlement obligations flows.\n yield curve. corporate bonds.\n discount rate.\n long-term rate return based historical projected rates.\n rates future expectations.\ntarget allocation expected return adjusted management expenses.\n pension expense increases return decreases.\n 2014 adopted new table mortality table generational bb-2d projection scale.\n pension plans 2019.\n health care cost trend rates.\n cost trend market conditions.\n-point change service interest cost.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 5943 benefit obligation.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 105967 86179"
}
{
    "_id": "dd4c111ee",
    "title": "",
    "text": "aes corporation financial statements 2014 2011 2010 2009 allocation purchase price assets acquired liabilities assumed millions.\n cash 116\n accounts receivable 278\n inventory 124\n current assets 41\n property plant equipment 2549\n intangible assets amortization 166\n 5\n regulatory assets 201\n noncurrent assets 58\n liabilities\n non-recourse debt -1255\n deferred taxes -558\n regulatory liabilities -117\n noncurrent liabilities -195\n redeemable preferred stock\n identifiable assets acquired 994\n goodwill 2489\n net assets acquired\n 31 2011 assets acquired liabilities provisional amounts.\n obtaining additional information.\n amounts.\n assumptions valuation reviewed.\n property plant equipment electric security plan long-term contracts.9 % equity ohio valley electric corporation deferred taxes change valuation.\n-owned retail electric service provider initial purchase price allocation intangible assets trade name customer relationships contracts.\n preliminary purchase price allocation $ 2. 5 billion goodwill.\n price excess assets expand.\n utility platform mid-west utility management experience negotiate suppliers fuel capture value 2019.\n tax position generating fleet workforce growth.\n dpl 2019s goodwill depends integration dpl 2019 operations changes ohio utility market.\n utilities pressure operating margins regulatory environment competitive pricing.\n declining energy prices operating"
}
{
    "_id": "dd4b902a6",
    "title": "",
    "text": "2007 issued 23182197 shares common stock citadel.\n exempt registration section 4 securities act 1933 purchaser investor securities act 1933 common stock acquired investment.\n general solicitation advertising offered securities public.\n.\n 2014citadel investment.\n performance graph cumulative return common stock dividend reinvestment standard poor 2019s s&p super cap diversified financials december 31 2002 31 2007.\n e*trade financial corporation. 260. 307. 429.\n.\n&p super cap diversified financials. 139. 170. 211. 176.\n invested 12/31/02 stock index reinvestment dividends.\n year december 31.\n standard poor 2019s division mcgraw-hill companies.\n rights.\n. researchdatagroup.&p."
}
{
    "_id": "dd4c4fb38",
    "title": "",
    "text": "december 31 priceline s&p 500.\n priceline.&p\n 2011 100.\n 132. 116. 119.\n 248. 165. 153. 195.\n 243. 79 188. 69 174. 60 192.\n 272. 59 200. 177.\n 313. 216. 54 198. 18 277."
}
{
    "_id": "dd4c00dee",
    "title": "",
    "text": "part ii item 5.\n common equity stockholder matters issuer purchases securities.\n compensation plans 2019 part iii 12 ownership owners management matters integral 5.\n january 31 2016 84607 shareholders.\n stock new york stock exchange.\n chicago stock exchange. swx swiss exchange.\n dividends $ 1. 025 per share second third fourth quarters 2015.\n fourth quarter 2014 november 2014 $. 855 march 2015 $ 1. 025 share.\n $. 855 share second third quarters 2014.\n fourth quarter 2013 march 2014 $. 855.\n stock price comparisons.\n first second third fourth quarter\n 2015 $ 170. 167. 157.\n.\n 139. 145. 147\n 123.\nequity 3m stock employee compensation corporate purposes.\n february 2014 board authorized repurchase $ 12 billion no end date.\n february 2016 replaced new.\n authorizes repurchase $ 10 billion no end date."
}
{
    "_id": "dd4c515dc",
    "title": "",
    "text": "management operating expenses influenced by compensation headcount business activity.\n litigation regulatory proceedings.\n salaries discretionary compensation amortization equity awards.\n compensation net revenues financial performance labor markets business mix share-based compensation programs external environment.\n operating expenses staff.\n 2014 2013 2012\n compensation benefits 12691\n brokerage clearing exchange fees\n market development\n communications technology\n depreciation amortization\n occupancy\n professional fees\n insurance\n expenses\n non-compensation expenses\n operating $ 22171 22469 22956\n staff period-end 34000\n.\n changes reserves reinsurance business interest policyholder balances expenses property catastrophe reinsurance claims.\n2013 majority reinsurance.\n.\n operating expenses $ 22. 17 billion unchanged.\n compensation benefits expenses $ 12. 69 billion.\n ratio revenues 36. 8%.\n staff increased 3% 3 %.\n non-compensation expenses $ 9. 48 billion 4% 4 % lower 2013.\n lower provisions litigation expenses decline insurance reserves.\n offset brokerage clearing exchange distribution fees.\n net provisions litigation regulatory proceedings $ 754 million $ 962 million 2013.\n charitable contribution $ 137 million goldman sachs.\n compensation reduced.\n directors recipients.\n.\n operating expenses $ 22. 47 billion 2% 2 % lower 2012.\n compensation benefits expenses $ 12. 61 billion 3% 3 % lower. billion 2012.\n ratio net revenues 36. 9%.. 2012.\n staff increased 2% 2013.\n non-compensation expenses $ 9. 86 billion 2% 2 % lower 2012.\n decline insurance reserves sale americas reinsurance decrease depreciation amortization expenses lower impairment charges operating expenses.\n offset expenses higher provisions regulatory brokerage clearing fees.\n provisions $ 962 million $ 448 million 2012 settlement foreclosure review.\n charitable contribution $ 155 million goldman sachs.\n compensation reduced.\n asks directors recommendations recipients.\n 2014 annual report"
}
{
    "_id": "dd4bf1060",
    "title": "",
    "text": "return graph compares return standard poor composite 500 index dow jones health care providers index five years 2018.\n assumes investment $ 100 common stock s&p 500 peer group 2013 dividends reinvested.\n $ 100 140 176 202 247 287\n s&p 500 114 115 129 $ 157\n peer group $ 100 128 135 137 173 191\n stock price performance not indicative future performance."
}
{
    "_id": "dd4b94856",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries investing lending origination loans relationship lending financing.\n longer-term.\n consolidated merchant banking debt securities loans public private equity securities infrastructure real estate.\n funds.\n unsecured secured loans retail clients digital platforms bank.\n operating results investing segment.\n 2017 2016 2015\n equity securities $ 4578 $ 2573 $ 3781\n debt securities loans\n net revenues 6581\n operating expenses 2796\n pre-taxearnings $ 3785 1694\n.\n higher global equity prices tighter credit spreads equity debt investments.\n net gains sales corporate performance.\n contrasts 2016 difficult.\n improved concerns.\nmacroeconomic equity markets credit spreads revenues investing.\n.\n $ 6. 58 billion 61% higher 2016.\n $ 4. 58 billion $ 3. 82 billion private $ 762 million public.\n 78% higher 2016 gains private equities.\n public equities equity prices.\n $ 4. 58 billion 60% driven company.\n debt securities loans $ 2. billion 33% higher 2016 interest income $. billion.\n $ 130 million operating expenses $ 2. 80 billion 17% higher 2016 increased compensation benefits expenses.\n pre-tax earnings $ 3. 79 billion 2017 $ 1. 69 billion 2016.\n.\n $ 4. 08 billion 25% lower 2015.\n $ 2. 57 billion $ 2. 17 billion private $ 402 million public equities.\nrevenues equity securities 32% lower 2015 gains.\n debt securities loans $ 1. 51 billion lower 2015 lending credit.\n losses $ 596 million 2016 $ 329 million 2015.\n offset gains interest income.\n 9.\n operating expenses $ 2. 39 billion 2016 unchanged.\n pre-tax earnings $ 1. 69 billion 44% 44 % lower 2015.\n"
}
{
    "_id": "dd4becf7e",
    "title": "",
    "text": "year december 31 2011 granted 354660 performance share units closing stock price $ 28. 79.\n payable in stock subject financial performance criteria.\n fair value grant date stock price awarded.\n issued financial performance zero to 200%.\n estimated share payouts non-vested awards ranged 150% to 195%.\n frontier performance share units 1 2011 performance based market performance criteria return.\n awards payable in stock price performance range zero to 125% initial target.\n valued july 1 2011 monte carlo valuation model stock price movements.\n fair value units july 1 2011 $ 8. 6 million.\n $ 7. 3 million post-merger services recognized through 2013.\n summary performance share unit activity changes december 31 2011.\njanuary 1 2011 non-vested 556186\n granted 354660\n ownership -136058\n december 31 2011 non-vested 774788\n 225116 non-vested share grants frontier plan retained hollyfrontier july 1 2011.\n 31 issued 178148 shares common stock value $ 2. 6 million.\n value $ 20. $ 11. 7 million unrecognized compensation cost non-vested units.\n recognized. years.\n cash equivalents investments portfolio december 31 2011 cash government.\n 1000000 shares connacher oil gas common stock montana refinery-rated debt securities three months.\n two years.\n available- for-sale.\n reported fair value market prices.\n interest income earned.\n unrealized gains losses income.\ngains losses marketable securities computed underlying cost unrealized gains losses reclassified earnings."
}
{
    "_id": "dd4becb14",
    "title": "",
    "text": "part item 1.\n founded 1886 american water works company. delaware holding company.\n geographically diversified largest publicly-traded united states water wastewater utility company revenues population.\n operations subsidiaries.\n 6400 employees 15 million people drinking water wastewater services 47 states one canadian province.\n regulated businesses market- based operations.\n information financial statements.\n ownership subsidiaries water wastewater utility services residential commercial industrial customers.\n.\n economic regulation.\n federal state governments regulate environmental health safety water quality matters.\n regulated businesses revenues $ 2674. 3 million 2014 $ 2539. 2013 $ 2564. 4 million 2012 88. 8%. 90. 1%. 89. 9%. total operating revenues.\ntable regulated businesses revenues customers estimate population december 31 2014 revenues millions customers estimated population.\n operatingrevenues 652. 3 24. 5%. 5 % 648066 20. 2%. 2 % estimatedpopulationserved 2. 7 22. 7%. 7 %\n 605. 22. 6%. 6 %. 7%. 7 %. 18. 5%. 5 %\n 270. 10. 1%. 1 % 14. 4%. 4 %. 7%. 7 %\n. 8%. 8 %. 7%. 7 %. 9%. 9 %\n. 7. 8%. 8 %. 4%. 4 %. 0% 0 %\n. 5%. 5 %. 1%. 1 %. 1% 1 %\n. 7%. 7 %. 3%. 3 %.5. 0%. 0 %\n seven states 2327. 87. 0 % 2729231 84. 8%. 8 %. 9% 9 %\n 346. 13. 0% 0 % 15. 2%. 2 %. 1% 1 %\n 2674. 100. % 3219192. % %\n illinois-american water company subsidiary."
}
{
    "_id": "dd4bc907e",
    "title": "",
    "text": "management financial condition results operations state street corporation 65. 35 billion $ 87. 20 billion december 31 2017 2016.\n 29 components average millions.\n excess central bank balances $ 33584 $ 48407\n. treasuries 10278\n investment securities\n foreign government\n $ 65348 $ 87204\n liquid short-term investments elevated client deposits cash balances excess federal reserve $ 33. billion.\n $. 40 billion 2016.\n lower levels deposits normal deposit volatility.\n liquid securities pledged advances frbb fhlb.\n central banks.\n state street bank member fhlb.\n advances liquidity high-quality collateral management.\n.\n december 31 2017 2016 no outstanding credit borrowings frbb central bank fhlb advances.\nliquidity unencumbered investment securities.\n fair value $ 66. 10 billion december 31 2017 $ 54. 40 billion 2016.\n securities sources liquidity not rapidly deployed.\n include lcr nsfr tlac \"supervision regulation item 1.\n withdrawals deposits draw downs unfunded commitments securities short-duration advance facilities.\n.\n liquidity deployment investment portfolio collateral institutions lending program.\n unfunded commitments extend credit $ 26. 49 billion $ 26. 99 billion december 31 2017 2016.\n reflect collateral.\n 72% unfunded commitments expire within one year.\n represent future cash requirements.\n resolution planning \"supervision regulation item 1.\n.\n custody accounting administration pricing exchange cash management financial asset management securities finance investment advisory.\nprovider generate client deposits stable low-cost source funds.\n global custodian clients place deposits currencies.\n 2017 2016 60% client deposit balances.\n dollars 20% eur 10% 10% other currencies.\n higher deposit inflows end fiscal quarter.\n client deposit balances reflective ongoing funding period-end."
}
{
    "_id": "dd4bd368c",
    "title": "",
    "text": "tower corporation subsidiaries financial statements tax jurisdictions.\n provisions income taxes 2010.\n.\n recognized $ 52. 6 million $ 60. 7 million $ 54. 8 million 2010 2009 2008.\n $ 6. 9 million vesting exercise terms employee equity awards.\n capitalize compensation 2010 2009.\n maintains equity incentive plans stock awards directors officers employees.\n 2007 plan non-qualified options restricted stock units prices not less fair market value common stock grant.\n awards vest four years expire ten years.\n awards 22. million shares common stock 2007.\n fair value option grant estimated date black-scholes option pricing model.\n risk-free treasury rate.\n treasury yield.\n expected life vesting term historical exercise behavior.\nexpected volatility historical stock options.\n assumptions.\n risk-free interest rate. 41%. 41 % 39%. % 41%. 44%. 44 % %\n. 35%. 35 %. 71%. 71 %. 89%. 89 %\n option grants. 60 years.\n volatility stock price 37. 11%. 11 %. 48%. 48 %. 63%. % 51%. 51 %.\n volatility. 14%. 14 %. 23% 23 %. 10% 10 %\n annual dividends\n average value per share 2010 2009 2008 $ 15. $ 8. 9.\n intrinsic value stock options $ 62. 7 million 40. 1 million $ 99. 1 million.\n unrecognized compensation expense unvested stock options $ 27.million recognized two years.\n cash stock options $ 129. 1 million 2010.\n realized $ 0. 3 million state tax benefits."
}
{
    "_id": "dd4c30b66",
    "title": "",
    "text": "health care cost trend rates.\n retiree benefit plan december 31.\n 2017 2016\n trend next year 7. 50%. 50 % 6. 75%. 75 %\n ultimate trend rate 5.%.\n 2028 2024\n one percentage point increase decrease health care cost rates accumulated postretirement benefit obligation.\n $ 1 million.\n service cost interest cost components 2017 increased decreased less $ 1 million.\n deferred compensation.\n employees defer receipt cash compensation.\n payments distribution election balance.\n earn return deferred compensation.\n december 31 2017 liability deferred compensation $ 255 million recorded long-term liabilities.\n accumulated deferrals earnings.\n held $ 236 million mutual funds economic hedge against changes liabilities.\n.\n.\nmaintain commercial paper borrowings liquidity loans.\n variable-rate revolving credit facility $ 2 billion until 2022.\n interest rate indexed london interbank.\n credit facility undrawn no commercial paper.\n retired $ 250 million maturing $ 375 million june.\n issued $ 600 million fixed long-term debt.\n $ 300 million. 75%. notes 2021 $ 300 million. notes 2024 discount.\n $ 3 million issuance.\n proceeds $ 605 million repayment maturing debt general corporate purposes.\n november 2017 issued $ 500 million 2027.\n incurred $ 3 million issuance.\n proceeds $ 494 million corporate.\n $ 500 million 2022.\n $ 3 million.\n proceeds $ 499 million repayment $ 1. billion maturing debt retired 2016.\n2015 issued $ 500 million debt 2020.\n incurred $ 3 million costs.\n proceeds 498 million discount repayment.\n retired 250 million april $ 750 million august.\n texas instruments"
}
{
    "_id": "dd4bcd872",
    "title": "",
    "text": "internal revenue code.\n cash strategy new properties pay debt at maturity from cash not distributed shareholders proceeds property dispositions new debt equity securities.\n management capital resources expand develop business.\n conservative capital structure strong debt service fixed-charge coverage ratios investment-grade debt ratings.\n obtain funds additional equity offerings unsecured debt financing mortgage financings other debt equity alternatives joint ventures.\n cash equivalents $ 30. million $ 35. million at december 31 2004 2003.\n cash flows 2004.\n operating activities 161113\n investing -154273\n financing\n attributable operation properties change working capital.\n used $ 154. million twelve months december 31 2004 investing activities $. million acquisition westgate mall plaza parcels land capital expenditures $ 59.santana 36. 9 million $ 9. 4 million real estate partnership $ 3. 2 million mortgage offset $ 41. 8 million sale"
}
{
    "_id": "dd4c36b88",
    "title": "",
    "text": "increased profit $ 230 million $ 150 million after tax.\n expenses $ 16 million $ 11 million after. debt exchange income tax $ 62 million $. 14 extraterritorial income.\n increased earnings $ 201 million after tax $. 45 share.\n increased profit $ 173 million $ 113 million after tax. 25.\n profit $ 61 million $ 54 million after tax.\n $ 154 million $ 100 million. early repayment debt reduction income tax internal revenue service $ 144 million. 32 per.\n reduced earnings $ 10 million after tax $. 02 per share.\n f decreased profit $ 7 million $ 6 million after tax.\n charge $ 146 million 96 million. early repayment debt.\ndefine return on invested capital net earnings plus after-tax interest expense divided by average invested capital equity debt adjusting equity postretirement benefit plans.\n reporting roic visibility capital.\n investment decisions long-term performance measure management performance incentive compensation plans.\n not measure financial performance not.\n alternative net earnings.\n calculate roic 2007 2006 2005 2004 2003.\n net earnings $ 3033 $ 2529 1266\n interest expense multiplied by 65%\n return $ 3262 $ 2764 $ 2066\n $ 4416 $ 4727 $ 5077 5932\n 7661\n benefit plan\n invested capital $ 15248 14419\n return on invested capital 21. 4%. 2%. 14. 5%.10. 8%. 8 %. 6%. 6 %\n after-tax interest federal rate 35% 35 %.\n long-term short-term borrowings.\n equity non-cash adjustments unrecognized benefit plan losses service costs 2007 2006 adjustment fas 158 minimum pension liability.\n benefit plan adjustments benefit plans 158 pension liability. annual adjustments 2007 $ 1706 million 2006 1883 2005 105 million 2004 2003 331 million 2002 1537 2001 33 million.\n value equity prior year entries plus 20% current year value.\n yearly averages calculated."
}
{
    "_id": "dd4c5a402",
    "title": "",
    "text": "contents configuration amenities loyalty programs travel agent reservation systems onboard products markets services.\n compete major network airlines low-cost carriers.\n international service canada central south america asia australia new zealand.\n compete with.\n foreign investor-owned state owned airlines middle east three largest benefit government subsidies.\n international.\n carriers marketing relationships alliances cooperation agreements exchange traffic.\n 201cticket distribution marketing agreements.\n airline business labor intensive.\n 2016 mainline regional salaries wages benefits largest expense 35% total operating expenses.\n labor relations regulated labor act national mediation board disputes labor unions.\n amendable notify.\n meet direct negotiations no agreement request federal mediator.\n timetable negotiation mediation process.\nprocesses last months years.\n no agreement mediation nmb declare impasse exists nmb proffers binding arbitration.\n decline.\n arbitration rejected 30-day 201ccooling off 201d period commences.\n no agreement 201cself-help 201d begin unless presidential emergency board peb established.\n examines recommends solution.\n lasts 30 days no resolution followed another off 30 days.\n labor organization exercise strike airline resort-help amendments hiring new employees striking.\n table number active full-time employees as of december 31 2016.\n mainline operations regional carriers.\n pilots flight crew training instructors 13400\n flight attendants 24700\n maintenance personnel\n fleet service personnel\n passenger service personnel 15900\n administrative other 16000\ntotal 122300"
}
{
    "_id": "dd4c02ae0",
    "title": "",
    "text": "marathon oil corporation financial statements stock awards summary activity.\n-average.\n unvested december 31 2008 2049255 $ 47. 72\n granted 251335.\n.\n forfeited 43.\n december 31 2009 1441499 44.\n vesting date 2009 2008 2007 $ 24 million $ 38 million $ 29 million.\n average grant $ 44. 89 $ 47. 72 $ 39. 87.\n $ 43 million unrecognized compensation cost. 6 years.\n performance awards vested forfeited.\n $ 38.\n.\n issued 2 million common stock redemption.\n board authorized repurchase $ 5 billion marathon common stock.\n open market privately negotiated.\n cash sales borrowings acquire shares.\nprogram financial market conditions subject to termination.\n repurchase price targets timetables.\n acquired 66 million shares $ 2922 million.\n no shares acquired since august 2008.\n marathon acquired outstanding shares western october 18 2007.\n shareholders canadian residents received cash securities exchangeable.\n shareholders 5 million exchangeable shares.\n exchangeable shares indirect canadian subsidiary marathon exchangeable-for into marathon common stock.\n exchange ratio adjusted cash dividends exchangeable shares.\n exchange ratio december 31 2009 1. 06109 shares for each exchangeable share.\n redeemable october 18 , 2011.\n holders instruct trustee vote on matters marathon.\n votes equal to shares exchange ratio.\n voting right attached to preferred shares marathon"
}
{
    "_id": "dd4ba7be0",
    "title": "",
    "text": "cvn-79 john.\n kennedy.\n coast guard fifth national security cutter cvn-72 abraham lincoln cvn-71 theodore roosevelt.\n 2010 contract awards 2010 $ 3. 6 billion.\n awards 480 million.\n coast fourth national security cutter hamilton $ 480 million cvn-79.\n kennedy carrier 377 million cvn-78 gerald.\n 224 million lha-7 184 million lpd-26.\n 114 million-114 johnson $ 62 million lpd-27.\n conversion operating results cash stockholder value.\n financial measures net cash free cash flow.\n.\n cash flow.\n 31 2011 2010 2009\n net earnings loss $ -94\n goodwill impairment\n deferred income taxes\n depreciation amortization\nstock compensation 42\n retiree benefit funding expense 122\n trade working capital -49\n cash operating activities $ 528 $ 359 -88\n operating investing financing activities 2011.\n $ 528 million $ million 2010.\n increase $ 169 million increased earnings lower pension contributions trade working capital.\n northrop grumman.\n federal income tax obligations $ 53 million.\n debt contract obligations capital expenditures.\n borrow funds differences.\n cash $ 359 million $ 88 million 2009.\n change $ 447 million decrease pension contributions $ 97 million trade working capital $ 299 million deferred income taxes $ 79 million.\n delayed customer billings negative performance adjustments cost increases.\n.\n change deferred taxes timing contract deductions.\n.\ntax grumman $ 89 million."
}
{
    "_id": "dd4b87462",
    "title": "",
    "text": "masco corporation consolidated financial statements.\n commitments contingencies litigation.\n subject claims charges litigation proceedings business contractual intellectual property personal injury environmental product liability construction defect insurance coverage personnel employment disputes class actions.\n adequate defenses not.\n no assurance prevail incur judgments settlements revise expectations impact results.\n 2012 settlement agreement columbus drywall litigation.\n insulation companies pay $ 75 million dismissal prejudice release claims.\n deny conduct unlawful admit no wrongdoing settlement.\n settlement expense uncertainty.\n settlement expense second quarter 2012 paid fourth quarter 2012.\n.\n accrues warranty liability estimated cost repair replace.\n third quarter 2012 $ 12 million increase future warranty claims analysis trends warranty claim activity costs.\ncompany 2019s warranty liability millions.\n 2012 2011\n balance january 1 $ 102 $ 107\n accruals warranties 42\n pre-existing warranties 16 8\n settlements cash -38 38\n -4 4 -3 3\n balance december 31 $ 118 $ 102\n.\n private equity funds december 31 2012 commitments contribute $ 19 million additional capital contributions.\n obligated additional contributions call.\n control calls.\n funded cash increase carrying value investment."
}
{
    "_id": "dd4c3d01e",
    "title": "",
    "text": "discounted cash flow model fair value units believes fair value.\n significant assumptions estimates sales growth production costs capital spending discount rate.\n assumptions vary units.\n forecasts based plans historical relationships.\n wacc rate estimated valuation experts.\n arconic impairment charge carrying unit fair value without total goodwill.\n interim impairment evaluation operations decline financial performance interim impairment evaluation goodwill aen unit.\n estimated fair value carrying value no impairment goodwill.\n impairment tests 2017 2016 not impaired units except arconic forgings extrusions estimated fair value lower carrying value.\n recorded impairment goodwill afe $ 719.\n decrease due unfavorable performance margins higher discount rate risk-free rate return carrying value increased.\n.\nindefinite lives not amortized finite amortized periods.\n table details average lives software assets reporting segment.\n engineered products solutions\n rolled products\n transportation construction solutions\n.\n contracts purchase orders standard terms conditions multi-year agreements.\n manufacture single performance obligations satisfied transfer control.\n produces fastening systems seamless rolled rings investment castings airfoils jet engine components aircraft parts aluminum sheet plate aluminum structural systems architectural extrusions vehicle wheels.\n transfer control assessed alternative use right payment.\n transfer revenue recognition upon shipment delivery title ownership risk customer shipping terms.\n vary product country origin.\n invoice issued at shipment.\n net 30-day terms.\n business units commercial terms.\n influenced by industry market conditions product line.\narconic receives payments for.\n recorded as deferred revenue until product delivered title risk passed customer.\n deferred revenue included in credits balance sheet.\n.\n expenditures operations expensed capitalized.\n expenditures expensed.\n liabilities recorded when remediation costs probable estimated.\n site investigations consultant fees feasibility studies contractors monitoring expenses.\n estimates not discounted by claims recovery.\n recognized when probable.\n include costs responsible parties.\n liability reviewed adjusted remediation progress estimates technology.\n.\n liabilities recorded unfavorable outcome"
}
{
    "_id": "dd4c5169a",
    "title": "",
    "text": "ownership interest in cellulose derivatives ventures exceeds 20% account using cost accounting influence due to local government investment limitations involvement inability provide timely financial information accounting principles.\n.\n hold indirect ownership in german infraserv groups industrial parks support.\n ownership equity investments infraserv affiliates december 31 2016 percentages.\n infraserv.\n.\n.\n research development businesses innovation-oriented production technologies products applications.\n research and development expense $ 78 million  $ 119 million $ 86 million for years december 31 2016 2015 2014.\n sufficient strategic initiatives.\n confidential information patents trademarks copyrights preserve investment in research development manufacturing marketing.\n patents cover processes equipment products.\n register trademarks brand names.\n.\nindustrial countries patent protection new substances formulations unique applications production processes.\n business regions intellectual property protection limited.\n.\n security policies.\n data encryption controls disclosure trade secrets employee awareness training.\n.\n aoplus ateva avicor britecoat celanese celanex celcon celfx celvolit clarifoil duroset ecovae factor fortron hostaform impet mowilith metalx nutrinova qorus slidex sunett tcx thermx tufcor vantage vectra vinamul vitaldose zenite products services celanese.\n.\n fortron fortron.\n hostaform.\n mowilith celanese.\n monitor competitive developments defend infringements intellectual property.\ncelanese business segment patent trademark copyright secret.\n environmental.\n risk factors 2 accounting policies environmental 24 commitments contingencies financial statements."
}
{
    "_id": "dd4beb624",
    "title": "",
    "text": "purchases equity securities table purchases common stock fourth quarter 2011.\n shares purchased average price paid share maximum dollar value.\n average price dollar value\n 1 2013 31 3228557 $. 3227800 $\n 1813994 $. 1618110\n 475685 $ 64.\n 5518236 $.\n may 2010 approved $ 3. 5 billion share repurchase program.\n fourth quarter 2011.\n repurchased. million shares $ 3. 5 billion  $ 71. 18 per share.\n fourth quarter repurchased 672326 shares employees income tax withholdings restricted stock vesting option exercises.\n repurchases addition $ 3. 5 billion repurchase program.\ndevon energy corporation incentive savings plan employees purchase shares common stock devon stock fund administered fidelity management trust company.\n purchased 45000 shares stock 2011-prevailing stock prices.\n acquired shares open-market purchases.\n filed registration statement form s-8 january 26 , 2012 offers sales interests plan stock fund shares purchased.\n devon canada corporation savings plan canadian employees purchase shares stock canadian plan administered sun life assurance company canada.\n purchased 9000 shares 2011 prices.\n acquired shares open-market purchases.\n shares offered sold exemptions for offers sales securities outside."
}
{
    "_id": "dd4ba5732",
    "title": "",
    "text": "hartford financial services group.\n financial statements.\n offers enhanced rates bonus annuity products.\n expense bonus deferred amortized contract policy costs.\n contract.\n unlocked amortization sales inducement asset.\n note 7.\n changes deferred sales inducement activity december 31.\n 2011 2010\n balance $ 459 $ 438 $ 553\n sales inducements deferred\n amortization income -8\n 2014 -28 -69\n balance end year $ 434 $ 459 $ 438\n.\n reserves future policy benefits unpaid losses insurance calculated net level premium interest withdrawal mortality assumptions.\n standard actuarial american academy actuaries.\n reserves discount rates earned investment yield morbidity/mortality tables.\ncompany 2019s disability claim reserves morbidity table early based experience gender elimination period diagnosis.\n reserves computed future policy obligations.\n benefits computed additions premiums interest policy obligations death.\n assumptions mortality morbidity premiums interest affect reserve levels operations provisions adverse deviation liability assumptions.\n liabilities group life disability contracts term life insurance policies include unpaid losses future policy benefits.\n claims events.\n estimates based on facts internal factors experience historical trends claim payment patterns loss payments unpaid claims loss control programs product mix.\n influenced external factors court decisions economic conditions public attitudes.\n effects inflation."
}
{
    "_id": "dd4b8df74",
    "title": "",
    "text": "2019s net sales increased $ 533 million 8%.\n higher volume $ 420 million air missile defense $ 245 million fire control systems.\n lower sales volume $ 75 million services $ 20 million tactical missile.\n operating profit increased $ 96 million 10%.\n higher profit $ 60 million missile defense $ 25 million services.\n $ 35 million higher.\n increased orders lower sales fire control systems lower higher tactical missiles.\n increased orders missile defense.\n net sales 2013 comparable 2012.\n low double digit growth air missile defense decline volume logistics services.\n operating profit margin comparable 2012.\n combat systems missile defense systems radar systems mission sensors aircraft littoral combat ships simulation training services unmanned technologies platforms ship systems integration military commercial training systems.\n2019s programs include aegis-41 tpq-53 radar mh-60 lcs ptds.\n operating results millions.\n 2011\n net sales $ 7579 7443\n operating profit 737\n margins. 7%. %. 6%.\n backlog year-end\n net sales increased $ 447 million 6% 6 %.\n higher volume risk retirements $ 395 million ship aviation system programs $ 115 million training logistics $ 30 million increased volume warfare systems sensors.\n lower net sales $ 70 million undersea systems combat system $ 25 million lower volume other programs.\n operating profit 2012 increased $ 92 million 14% % 2011.\n higher profit $ 175 million aviation risk retirements reserves $ 55 million contract cost programs 2011 presidential helicopter.\nincrease lower profit $ 40 million undersea reduced rates lower volume international combat array $ 40 million lower volume.\n profit $ 150 million higher 2012 2011."
}
{
    "_id": "dd4c1f226",
    "title": "",
    "text": "committed electro-mechanical systems.\n expenditures $ 48. 3 million $ 47. 3 million $ 45. 2 million years 2017 2016 2015.\n concentrate technology innovations new products improvements product cost quality safety sustainability.\n manage r&d team global group collaborative approach new technologies product platforms.\n regional local standards.\n global engineering center bangalore.\n.\n construction projects second third quarters security product sales higher first fourth.\n interflex business higher sales fourth quarter project timing.\n revenue quarter 2017 2016 2015.\n 2017 23% ( 23 % 26% 26 %\n 2016 22% 22 26%\n 2015 22% 22 % 25% 25 % 26% 26 27% 27 %\n 10000 employees.\nenvironmental regulation dedicated program hazardous materials manufacturing environmental concerns.\n engaged in site investigations remediation environmental cleanup past operations production facilities.\n evaluates remediation programs considers alternative methods.\n party to environmental lawsuits claims received notices violations.\n environmental protection agency state authorities.\n potentially responsible party for cleanup costs off-site waste disposal federal superfund state remediation sites.\n involvement minimal.\n bear entire cost remediation.\n.\n additional lawsuits claims likely arise.\n incurred $ 3. 2 million $ 23. 3 million $ 4. million expenses 2017 2016 2015 for environmental remediation at sites owned leased.\n reserves for $ 28. 9 million $ 30. 6 million.\n. remediation sites previously disposed.\nevolving environmental laws compliance uncertain."
}
{
    "_id": "dd4bc32fa",
    "title": "",
    "text": "financial statements sumitomo mitsui financial group.\n provides credit loss protection on loan commitments investment-grade commercial lending.\n $ 32. 41 billion $ 31. 94 billion december 2012 2011.\n credit loss protection limited to 95% first loss maximum $ 950 million.\n protection 70% additional losses maximum $ 1. 13 billion $ 300 million protection provided 2012 2011.\n firm uses financial instruments mitigate credit risks.\n credit default swaps market index.\n warehouse financing.\n provides financing clients assets.\n secured commercial mortgage loans.\n resale borrowing agreements.\n contingent financing resale agreements.\n funding depends contractual conditions expire unused.\n private equity real estate assets funds.\n commitments include $ 872 million $ 1.62 billion real estate investments $ 6. 47 billion $ 7. 50 billion corporate investments.\n $ 6. 21 billion $ 8. 38 billion commitments funds funded market value.\n obligations long-term lease agreements office space expiring 2069.\n agreements escalation real estate taxes charges.\n future minimum rental payments sublease rentals.\n millions.\n 2014 407\n 2015 317\n 306\n rent 2012 2011 2010 $ 374 million $ 475 million $ 508 million.\n leases include office space.\n rent expense growth. records liability fair value remaining lease rentals reduced sublease rentals leases future benefits.\n costs terminate lease fair value termination.\n"
}
{
    "_id": "dd4b94b76",
    "title": "",
    "text": "2016 annual report performance graph five-year period june 30 2016 market performance company common stock s&p 500 index peer companies 5 year return jack henry associates. s&p 500 index peer group line graph.\n 2011 2012 2013 2014 2015 2016\n. 161. 228.\n. 174. 219. 251.\n. 158. 170.\n comparison assumes $ 100 invested june 30 2011 reinvestments dividends.\n returns calculated market capitalization peer group members.\n peer companies computer software hardware services financial institutions.\n aci worldwide. bottomline. broadridge financial cardtronics. convergys. corelogic. dst. euronet. fidelity. moneygram. systems. tyler.verifone systems.\n heartland.\n removed peer group global payments.\n."
}
{
    "_id": "dd4bee7ac",
    "title": "",
    "text": "sale equity securities.\n raise funds public offerings.\n proceeds.\n 2004 received $ 40. 6 million sales common stock atc mexico.\n financial flexibility reduce interest costs.\n.\n 2004 refinanced previous $ 1. 1 billion senior secured credit facility.\n received $ 685. 5 million net proceeds borrowings $ 670. million principal interest.\n remaining proceeds $ 15. 5 million corporate purposes repurchase debt securities.\n new credit facility $ 400. million undrawn revolving loan commitments $ 19. 3 million undrawn letters credit december 2004 2011 $ 300. million term loan $ 398. august 31 2011.\n extends previous maturity dates 2007 to 2011 borrowings repurchase indebtedness without lender approval.\n guaranteed secured pledge assets.\nmaturity date loan a revolving loans accelerated august 15 2008 b october 31 2008 20448% % senior notes not refinanced parent company indebtedness maturity february 28 2012 new credit facility repaid prepaid redeemed repurchased retired consolidated leverage ratio debt operating cash flow june 30 2008 greater 4. 50 to 1.\n payments due 2008 a b $ 225. million $ 386. million.\n.\n 2004 raised $ 1. billion net proceeds sale debt securities private placements date proceeds.\n 7. 50%. 50 % 2004 $ 225. $ 221.\n.\n. 125%. 125 %.\n.\n $ 1070. 1050.\n 7. 50%. 50 %.\n 2004 sold $ 225. million 7. 50%.% senior notes 2012 placement.\n. may 1 interest payable semiannually may november 1."
}
{
    "_id": "dd4c62fb2",
    "title": "",
    "text": "commitments capital leases operating leases debt purchase liabilities.\n satisfy cash flow.\n expected cash outflow december 31 2010 millions.\n 2011 2012 2013 2014 2015\n capital leases $ 18 $ 19 $ 21 $ 112\n operating leases 348  268 205 150\n debt principal 345\n debt interest 322\n purchase commitments 642 463\n pension fundings 1200 196 752\n other liabilities 69  67\n $ 2944  $ 1334 $ 3515 $ 2059 $ 820 12884 23556\n capital lease obligations leases aircraft.\n note 7 consolidated financial statements.\ninterest on debt calculated fixed-rate debt variable rate debt 2010.\n calculations interest rate swap agreements.\n foreign currency.\n dollar principal amount future interest payments.\n purchase commitments agreements goods binding orders for aircraft engines parts.\n commitments purchase 20 boeing 767-300er freighters 2011 2013 two boeing 747-400f aircraft 2011.\n replacement existing capacity future growth.\n pension fundings cash contributions to pension plans.\n include ups pension plan ups pension plan.\n.\n funding requirements estimated under pension protection act 2006 employee retirement income security act 1974.\n contributions could differ.\n not minimum funding requirements beyond 2015.\n minimum funding requirement cash contributions in 2011 ups retirement plan pension.\nminimum funding requirement change asset returns discount rates.\n decline equity markets impact pension assets returns pension plans higher funding requirements.\n financial position cash flows.\n contractual payments liabilities include commitment payments investment partnerships.\n $ 284 million liabilities"
}
{
    "_id": "dd4c364c6",
    "title": "",
    "text": "agency securitizations sale agreements penalties remedies investor indemnification repurchase requests.\n origination sale residential mortgages ongoing business management assesses indemnification repurchase liabilities.\n establish for estimated losses on first second-lien mortgages home equity loans.\n claims future claims.\n loans originated 2006-2008.\n established indemnification liabilities loans sold 2005-2007.\n liabilities recognized when loans sold evaluated by management.\n adjustments recognized in residential mortgage revenue.\n no brokered home equity lending subsequent adjustments recognized home equity loans.\n.\n evaluation based trends indemnification repurchase requests loss experience risks loan current economic conditions.\n considers estimated loss projections loan portfolio.\ndecember 31 2011 indemnification repurchase liability $ 130 million $ 294 million included consolidated balance sheet.\n analysis changes liability.\n residential mortgages home equity loans\n january 1 $ 144 $ 150  $ 294  $ 229 $ 41 $ 270\n reserve adjustments 264\n losses 2013 loan repurchases settlements -163 -107 -270 -205 -240\n december 31 $ 83 $ 47 130 144 150 $ 294\n repurchase obligation loan portfolios $ 121. 4 billion $ 139. 8 billion 2010.\n $ 4. 5 billion $ 6. 5 billion.\n brokered home equity lending acquired.\n indemnification repurchase liabilities reflect estimated losses.\nmanagement indemnification repurchase liability estimation process uncertain imprecise future losses liability.\n factors estimate include volume claims housing prices economic conditions.\n december 31 2011 additional losses up to $ 85 million.\n based on higher investor demands lower claim rescissions lower home prices.\n two wholly-owned captive insurance subsidiaries provide reinsurance third-party insurers.\n subsidiaries assumes risk loss quota share agreement 100% reinsurance.\n loss percentage.\n share responsibility payment claims.\n subsidiaries provide reinsurance for accidental death dismemberment credit life accident health pnc financial services group.\n 2013 form 10-k"
}
{
    "_id": "dd4bbb370",
    "title": "",
    "text": "fair value performance awards calculated market value snap-on 2019s common stock grant.\n-average 2013 2012 2011 $ 77. 33 $ 60. 00 $ 55. 97 .\n vested units 148000 2013 213000 2012 54208 2011.\n 213459 paid 2013 53990 2012 no paid 2011.\n units paid out performance period approval board.\n 2013 performance rsus granted earned vest 2015.\n 95047 rsus earned 2014.\n 159970 rsus earned vested 2013 end paid out.\n 1614 rsus earned 2012 2011 vested paid out third quarter 2013.\n changes 2019s non-vested performance awards 2013 value price per share.\n non-vested performance awards beginning year $ 59. 36\n granted 77. 33\n vested.\ncancellations 69. 23\n non-vested performance awards end year 68. 13\n 2013 $ 12. 9 million unrecognized compensation cost awards earnings 1. 6 years.\n stock appreciation rights issues cash-settled stock-settled sars.\n employees.\n contractual term ten years first second third anniversaries grant.\n exercise price equal market value common stock.\n cash-settled sars payment excess market value.\n no effect dilutive shares appreciation cash.\n 2013 stock-settled sars equity instruments common stock stock appreciated price.\n dilutive shares appreciation settled.\n 2013 annual report"
}
{
    "_id": "dd4c558b2",
    "title": "",
    "text": "loan activity.\n loans hotels.\n $ 35 million 2018 $ 94 million 2017.\n $ 131 million senior loans $ 149 million 2017.\n.\n outflows $ 72 million 2018 $ 62 million 2017 $ 13 million 2016 joint ventures.\n.\n increased $ 1109 million 2018 $ 9347 million $ 8238 million 2017 series x y z aa notes offset s notes $ 330 million commercial paper $ 126 million.\n.\n long-term debt.\n diversifying financing sources optimizing debt reducing working capital.\n interest rate 3. percent maturity 4. years.\n fixed-rate debt total debt. to 1.\n.\n.\n purchased. million shares common stock 2018 $ 130. 2017. 8. 2016 $ 71. per\n.7 million shares repurchase february 15 2019 increased common stock repurchase authorization 25 million shares.\n quarter 2018 purchases equity.\n dividends.\n board declared quarterly cash dividends $ 0. 33 per share february 9 paid march 30 $ 0. 41 per share may 4 paid $ 0. 41 per share august 9 paid september 28 $ 0. 41 per share november 8 paid december 31.\n cash dividend $ 0. 41 per share february 15 2019 payable march 29.\n summarizes year-end 2018:.\n less year 1-3 years 3-5 years after5 years\n debt $ 10483 4392 2054 2963\n capital lease obligations\n leases primary obligor 1295\npurchase obligations 286 153 116 17 2014\n noncurrent liabilities 136 28 20\n contractual obligations $ 13208 1414 4877 2409 4508\n principal interest payments.\n transition tax $ 507 million 2017 tax act.\n unrecognized tax benefits-end 2018 $ million.\n commitments.\n minimal impact income cash flow."
}
{
    "_id": "dd4be0cba",
    "title": "",
    "text": "purchase obligations $ 390 feedstock supply hyco facilities.\n feedstock supply natural gas.\n long-term-pay sales contracts matched feedstock obligations price increases.\n financial condition.\n note 17 consolidated financial statements.\n include product supply electric power natural gas supply pass-through contracts.\n commitments $ 540 additional plant equipment.\n materials energy capital equipment supplies services.\n majority purchases raw materials energy obtained market prices.\n future contribution equity 2015 joint venture air products acwa 20-year oxygen nitrogen supply agreement saudi aramco oil refinery power plant jazan.\n air products owns 25% joint venture guarantees repayment equity bridge loan.\n expect invest $ 100 joint venture.\n noncurrent liability $ 67. 5 future equity contributions advances.\n30 2015 were $ 903.\n unrecognized benefits $ 97.\n excluded from contractual obligations impractical determine cash impact payments tax laws rates operating results.\n uncertainties settlement uncertain tax positions taxing authorities.\n note 23 income consolidated financial statements.\n sponsors defined benefit plans employees.\n pension plans.\n.\n closed 2005 replaced with.\n shift reduce volatility expense contributions.\n fair market value assets defined benefit pension plans 30 2015 decreased to $ 3916. from $ 4114.\n projected benefit obligation $ 4787. $ 4738. 6\n note 16 retirement benefits consolidated financial statements.\n.\n $ 135. 169.\n special terminations settlements curtailments 35. 19\n discount rate 4. 0% 6%\nreturn. 4%. 4 %. 7%. 7% 7 %\n compensation. 5%. 5 %. 9 %. 8%. 8 %"
}
{
    "_id": "dd4b9db40",
    "title": "",
    "text": "abiomed.\n subsidiaries financial statements 2014 evidence arrangement exists delivery occurred services rendered seller price fixed collectibility assured.\n sab 104 requires title risks rewards ownership buyer before revenue recognized.\n guidance eitf 00-21 revenue arrangements.\n revenues product sales maintenance service agreements.\n majority revenues ab5000 bvs 5000 product lines consoles blood pumps.\n recognize revenues costs product shipment.\n maintenance service revenues recognized.\n government-sponsored research development contracts grants cost-plus-fixed-fee.\n revenues recognized work performed funds.\n more project recognizes revenue research development costs.\n translation foreign currencies assets liabilities.\n translated year-end exchange rates revenues expenses average exchange rates.\n.\n adjustments reflected loss shareholders 2019 equity.\ntransaction gains losses income not material three years.\n accrues future warranty costs sales.\n products regulation quality standards.\n warranty costs revenues statements.\n table warranty reserve two fiscal years.\n balance $ 245 $ 231\n warranty expense -212 212 -257 ( 257\n end $ 231 $ 167"
}
{
    "_id": "dd4c16450",
    "title": "",
    "text": "consolidated financial statements.\n 2019 earnings share equal annual amounts averaging shares equivalents.\n.\n fourth quarter 2016 net revenues losses $ 60 million sales markdowns investments funds invest ment management.\n $ 70 million provision wealth management brokerage.\n employee share-based awards.\n 2017 quarter first second third fourth\n tax benefit $ 112 $\n.\n evaluated adjustment disclosure statements recordable events.\n 2017"
}
{
    "_id": "dd4bac726",
    "title": "",
    "text": "performance graph compares shareholder returns standard 2019s information technology index 500 stock index past five years.\n investment $ 100 common stock index may 31 2003 reinvestment dividends.\n 5 year return global payments. s&p 500 index information technology index.\n $ 100 invested 5/31/03 reinvestment dividends.\n year 31.\n.\n 2003 100.\n 2004 137. 118. 121.\n 2005 205.\n 2006 276. 139.\n 2007 238. 170.\n 281. 159.\n purchases equity securities 2007 board approved share repurchase program purchase $ 100 million global payments 2019 stock market.\n repurchased 2. 3 million shares common stock.\n authorization no expiration.\n repurchased shares available future issuance."
}
{
    "_id": "dd4b8bbf2",
    "title": "",
    "text": "united parcel service.\n financial condition liquidity summary cash.\n income $ 807 $ 3804 $ 3338\n non-cash activities 7301 4505 4398\n pension postretirement plan contributions -1436 -3240\n income tax receivables payables -319\n working capital noncurrent assets liabilities -148 -340\n -107\n net cash $ 7216 $ 7073 $ 3835\n depreciation amortization gains losses exchange deferred income taxes uncollectible accounts pension postretirement benefit stock compensation impairment charges non.\n cash 2010 2012.\n impacted lower contributions defined benefit pension postretirement plans offset working capital growth.\n cash flows income tax receivables payables discretionary pension contributions.\ncontributions company-sponsored pension plans varied minimum funding requirements.\n 2012 $ 355 million pension.\n 2011 $ 1. 2 billion contribution 2011 requirements $ 440 million 2011.\n 2010 $ 2. 0 billion discretionary contributions retirement pension plans $ 980 million required ibt.\n remaining contributions 2010 2012 due international pension plans.\n postretirement medical benefit plans.\n minimum funding requirements ups ibt retirement plans.\n december 31 2012 worldwide holdings cash $ 7. 327 billion.\n $ 4. 211 billion european subsidiaries acquisition tnt.\n.\n.\n 50%-60% remaining cash equivalents foreign subsidiaries.\n.\n fluctuates receipts.\n united states primary source domestic operating needs capital expenditures share repurchases dividend payments.\nuntaxed earnings cash foreign subsidiaries subject tax repatriated dividends not all international cash balances dividend returned.\n indefinitely reinvested no accrual taxes."
}
{
    "_id": "dd4ba8662",
    "title": "",
    "text": "management financial condition results operations millions operating income increased 2017 2016 decrease revenue $ 42. 1 decrease salaries expenses $ 28. 0 office general expenses $ 16. 9.\n decrease due lower bonuses incentive expense decrease base salaries benefits tax.\n expenses contingent acquisition obligations.\n operating income increased 2016 2015 increase revenue $ 58. 8 decrease office general expenses $ 3. 7 offset increase salaries expenses $ 38. 8.\n increase increases workforce.\n decrease office expenses lower production expenses pass-through costs.\n corporate charges separate office expenses shared service center managed expenses.\n expenses incentives bonuses benefits office employees.\n professional fees internal control compliance financial audits legal technology consulting services.\n rental expense depreciation leasehold improvements properties.\ncentrally managed expenses allocated divisions.\n charges technology projects.\n corporate expenses decreased 2017 $ 20. to $ 126. 2016 lower annual incentive expense.\n increased $ 5. to $ 147. 2015.\n liquidity capital resources cash flow data liquidity capital resources.\n 2017 2016 2015\n net income adjusted operating $ 887. $ 1023. $ 848.\n working -29. -414. -99.\n non-current assets liabilities 24. -95.\n operating activities $ 881. $ 512. $ 688.\n investing -196. 263 -199.\n financing. 1004 -666. -490.\n net income adjusted for depreciation amortization fixed intangible restricted stock losses sales deferred income taxes.\nreflects changes accounts receivable expenditures assets accounts payable accrued liabilities.\n seasonality use cash first nine months first quarter generate fourth quarter strong media spending.\n results impacted media budgets changing spending patterns."
}
{
    "_id": "dd4bafb7e",
    "title": "",
    "text": "company uses custom components not competitors new products utilize custom components from one source.\n new technologies capacity constraints exist until suppliers yields matured or manufacturing capacity increased.\n supply components delayed outsourcing partner delayed shipments financial condition operating results.\n business performance time to obtain quantities original or alternative.\n availability components if suppliers common components instead of customized.\n agreements for supply many components no guarantee agreements.\n to risks of supply shortages price increases financial condition results.\n hardware products manufactured by outsourcing partners in asia.\n small partners.\n sole- sourced suppliers for products.\n operating results if meet production commitments.\n purchase commitments cover for up to 150 days.\n leases equipment facilities retail space under noncancelable lease arrangements.\ncompany off-balance sheet financing.\n major facility leases not 10 years multi-year renewal options.\n 2015 463 retail stores.\n leases five to 20 years majority 10 years multi-year renewal options.\n future minimum lease payments noncancelable were $ 6. 3 billion $. billion retail space.\n rent expense $ 794 million $ 717 million $ 645 million in 2015 2014 2013.\n lease payments.\n 772 2018 2019 715\n 2020\n utilizes outsourcing partners manufacture sub-assemblies final assembly testing.\n demand 150.\n obtains components from suppliers.\n purchase orders supplier contracts orders.\n inventory prepayments.\n outstanding off-balance sheet third-party manufacturing commitments component purchase commitments of $ 29. 5 billion.\n.\n10-k 65"
}
{
    "_id": "dd4c0781a",
    "title": "",
    "text": "declined second lower resin costs.\n margins.\n raw material costs.\n freight costs operating costs increased.\n shorewood sales declined weaker demand home entertainment tobacco shipments consumer.\n sales margins improved.\n raw material costs lower freight.\n operating costs reorganization cost reduction.\n $ 7 million 2009 $ 30 million 2008.\n coated paperboard sales volumes increase price.\n raw material costs higher wood energy chemicals maintenance downtime costs.\n foodservice sales volumes.\n costs resins offset lower bleached board.\n shorewood decline.\n operating costs reorganization.\n consumer packaging net sales $ 315 million 300 2008 280 2007.\n operating earnings $ 66 million increased.\n sales volumes higher increased ship export.\n margins declined lower lower prices.\n2010 sales volumes first quarter strong.\n margins improve increased price favorable geographic mix.\n input costs higher wood prices poland energy tariff increases russia.\n packaging sales $ 545 million 2009 390 million 2008 330 million 2007.\n earnings $ 24 million $ 13 million 2008 12 million 2007.\n improved earnings increased sales volumes higher lower input costs chemicals.\n loss 2008 $ 12 million pulp inventories shandong paper.\n start-up costs.\n diverse products services.\n sensitive advertising promotional spending.\n margins stable.\n best choice value.\n efficient customer service cost working capital management profitability.\n.\n profit\n sales decreased 18% 2008 2007 profits decreased 51% 2007.\n sales printing papers graphic arts supplies equipment $ 4. 1 billion $.2008 4. 7 billion 2007.\n margins printing papers decreased 2007.\n revenue $ 1. 3 billion 1. 7 2008. 2007.\n margins higher improved product service mix.\n supplies revenue $ 1. 1 billion"
}
{
    "_id": "dd4c2e726",
    "title": "",
    "text": "discount brent narrower 2013 2012 2011.\n increase.\n production light sweet crude oil relationship pricing future.\n liquid hydrocarbon sales ngls unconventional liquids-rich plays.\n 15 percent north america e&p hydrocarbon sales 2013 10 percent 2012 7 percent 2011.\n production.\n sold bid-week prices.\n prices 31 percent higher 2013.\n oil production sweet sold brent crude benchmark 3 percent lower 2013 2012.\n major-producing regions.\n prices higher.\n.\n. sales subject term contracts less volatile.\n.\n fixed international e&p natural gas prices not track market price movements.\n sands mining crude oil.\n impacted operational problems outages.\n two-thirds output tracked wti one-third canadian heavy crude oil.\n discount to wti increasing.\nwcs discount 2013 oil sands mining price realizations increased value synthetic crude oil sales 2012.\n operating cost structure fixed costs operation continue production downtime.\n per-unit costs sensitive production rates.\n variable costs natural gas diesel fuel markets oil prices.\n table benchmark prices revenues variable costs.\n 2013 2012\n crude oil bbl $ 98. $ 94. $ 95.\n $ 72.\n natural gas sales index mmbtu $ 3. $. $\n. natural gas sales index. monthly pricing differentials.\n index."
}
{
    "_id": "dd4bc9718",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries financial statements lending.\n commitments extended investment-grade non- investment-grade corporate borrowers.\n operating liquidity corporate purposes.\n extends contingent acquisition financing corporate commercial real estate financing.\n short-term.\n sumitomo mitsui financial group.\n provides credit loss protection loan commitments investment-grade.\n $ 26. 88 billion $ 27. 03 billion december 2016 2015.\n loss protection limited 95% first loss $ 950 million.\n protection 70% additional losses maximum $ 1. 13 billion $ 768 million 2015.\n uses financial instruments mitigate credit risks.\n credit default swaps underlying market index.\n warehouse financing.\n assets.\n secured assets consumer corporate loans.\nresale repurchase lending firm three business days.\n contingent financing.\n funding depends contractual conditions expire unused.\n banks securities cash collateral margin deposit requirements.\n investment commitments private equity real estate assets funds.\n commitments $ 2. 10 billion $ 2. 86 billion december 2016 2015.\n funded market value date.\n obligations long-term noncancelable lease agreements office space expiring through 2069.\n subject escalation real estate taxes.\n future minimum rental payments rentals.\n.\n 290\n 2018 282\n 2019 238\n 2020 206\n 2021 159\n 2022\n rent expense $ 244 million 2016 $ 249 million 2015 $ 309 million 2014.\n leases include office space excess requirements.\n rent expense growth.firm records liability remaining rentals reduced rentals ceased space future benefits.\n costs terminate lease before measured fair value.\n incurred exit costs $ 68 million excess office space.\n"
}
{
    "_id": "dd4bbbe9c",
    "title": "",
    "text": "contents areas business.\n regulation facilities operations suppliers additional permit requirements increased operating costs.\n future regulatory developments affect operations increase costs airline industry subsidiaries.\n part i item 1a.\n risk factors facilities infrastructure slots operate flight schedule expand route network impact operations business government regulation costs disruptions limits flexibility reductions demand competitive disadvantages subject environmental regulation costs.\n airline business labor intensive.\n salaries wages benefits largest expenses 31% operating expenses.\n active full-time employees december 31  2015.\n mainline operations wholly-owned regional carriers.\n pilots flight crew training instructors\n flight attendants\n maintenance personnel\n fleet service personnel\n passenger service personnel\n administrative\ntotal| "
}
{
    "_id": "dd4bcc7c4",
    "title": "",
    "text": "supplier gasoline distillates resellers consumers midwest upper plains gulf coast southeastern united states.\n 2007 refined products sales. billion gallons 1. 410 mmbpd.\n average sales price $ 86. 53 per barrel.\n refined products sales product group average sales price last three years.\n 2007 2006 2005.\n gasoline 791 804\n distillates\n propane\n feedstocks special products 103\n heavy fuel oil\n asphalt\n sales price barrel $ 86.\n. matching buy/sell volumes 24 77 mbpd 2006 2005.\n.\n lower refined products sales volumes 2007.\n.\n wholesale distribution petroleum products private marketers commercial industrial consumers spot market 69 percent refined products sales volumes 2007.\nsold 49 gasoline 89 distillates.\n half propane home heating balance industrial consumers.\n propylene cumene aromatics aliphatics sulfur marketed.\n lube oils maleic anhydride slack wax extract pitch sold united states canada exported.\n asphalt midwest plains gulf coast southeastern.\n base 750 asphalt-paving contractors government entities shingle manufacturers.\n blended ethanol gasoline 15 years increased 2007.\n 41 mbpd 2007 35 2006 2005.\n regulations.\n reformulated gasoline low-vapor-pressure gasoline nine states.\n biodiesel minnesota illinois kentucky.\n supplied petroleum 4400 outlets ohio michigan.\nretail outlets georgia florida minnesota wisconsin north carolina tennessee virginia south carolina alabama pennsylvania texas.\n sales marathon-brand 16 percent refined product 2007.\n superamerica sells gasoline diesel fuel outlets.\n 15 percent 2007.\n 1636 outlets nine states petroleum 201cspeedway. revenues non-petroleum merchandise $ 2. 796 billion 2007 $ 2. 706 billion 2006.\n.\n operates 59 valvoline oil outlets michigan northwest ohio.\n pilot travel centers largest operator 286 locations 37 states.\n offer diesel fuel gasoline services restaurants.\n 50 percent interest in ptc."
}
{
    "_id": "dd4c187be",
    "title": "",
    "text": "american living launched jcpenney 2008 offers style modern spirit sensibility.\n essentials looks bedding home furnishings promises stylish clothing home products incredible value.\n jcpenney jcp.\n chaps translates lauren line men women children home.\n casual basics silhouettes classics enduring affordable.\n men 2019s collection department specialty stores.\n collections women children home.\n wholesale segment sells products upscale mid-tier department stores specialty stores golf pro shops domestically internationally.\n in-store product assortment presentation full-price sell-throughs.\n 2011 ralph lauren products sold 10000 doors worldwide invested $ 35 million shop-within-shops stores.\n major.\n.\n brands men 2019s distributed premier fashion retailers.\nsell excess out-of-season products secondary distribution channels retail factory stores.\n japan wholesale products shop-within-shops premiere top-tier department stores women 2019s.\n asia wholesale mid top- tier department stores men women 2019s.\n concessions sales retail segment.\n number doors geographic location lauren-branded products wholesale primary channels april 2 2011.\n states canada\n 3919 asia\n american living chaps-branded products wholesale sold domestically 1700 doors april."
}
{
    "_id": "dd4bd5eb4",
    "title": "",
    "text": "cash flows period.\n 2013 2012 2011\n cash operating activities $ 20776 $ 18884 $ 20963\n investing -18073 -10301\n financing -5498 -1408\n exchange rate fluctuations cash equivalents -9 -3 (\n increase cash equivalents $ -2804 $ 3413 $ -433\n operating adjusted non-cash items assets liabilities.\n 2013 $ 1. 9 billion increase working capital offset lower net income 2013.\n taxes $ 1. 1 billion lower taxes overpayments.\n assets liabilities lower taxes lower inventories sell-through older-generation products offset 4th generation intel core processor.\n2013 three largest customers 44% 44 % net revenue 43% 2012 2011 hewlett- packard 17% 17 % 19% 19 % 2011 dell 15% 15 % lenovo 12% 2011.\n 34% 34 % accounts receivable december 28 2013 33% 33 % 2012.\n $ 2. 1 billion decrease cash lower net income working capital offset adjustments non-cash items.\n higher depreciation non-acquisition deferred tax liabilities.\n investing capital expenditures purchases sales maturities disposals acquisitions.\n increase cash 2013 purchases investments maturities sales licensed technology patents.\n capital expenditures $ 10. 7 billion 2013 $ 11. billion 2012 $ 10. 8 billion 2011.\ninvesting increased 2012 due purchases trading assets offset decrease acquisitions.\n purchases $ 3. 2 billion equity securities q3 2012.\n financing activities repurchases common stock dividends issuance repayment long-term debt proceeds sale equity.\n management financial condition results operations"
}
{
    "_id": "dd4bbeb7e",
    "title": "",
    "text": "green realty corp.\n 2012 annual report purchased sitq immobilier caisse depot placement quebec 31. 5%. interest 1515 broadway ownership 1750000 foot building.\n valued interests $ 1. 23 billion.\n sales agreement distressed sale minority dis count.\n acquired interest $ 458. mortgage.\n purchase price adjustment $ 475.\n acquired investment joint ventures.\n 2011 city investment fund 49. 9%. 521 avenue ownership 460000 foot building.\n valued interests $ 245. 7 million $ 4. 5 million cash.\n $ 140. million mortgage.\n purchase price fair value adjust ment $ 13.\n refinanced $ 150. 2-year mortgage floating rate interest 200 points.\n interest $ 15.\npurchase price liabilities 2011 acquisitions 51 east 180 110 1515 521 fifth 42nd street maiden lane broadway 44095 191523 34000 110100.\n east 42nd lane 110 east 42nd street 1515 broadway 521 fifth avenue\n 44095 191523 34000 462700 110100\n 33470 233230 46411 707938 146686\n market lease value\n in-place leases 98661\n liabilities\n 87514 462645 86630 1314724\n adjustment mortgage\n market lease value\n liabilities\n purchase price allocation $ 80000 442325 84304 1234000 257143\n funded 81632 259228 70000\n equity investment 16000 40942 41432\nassumed 2014 65000 458767 140000\n funded 200281835 2008259228 200270000 equity debt investment 16000 200840942 200241432 65000 140000 2010 acquisitions january 2010 sole owner 100 street. square foot office tower downtown manhattan foreclosure senior mezzanine loan.\n initial investment $ 40. 9 50% loan two loans acquired gramercy capital.\n 2007.\n funded additional $ 15. agreement wachovia bank.\n.\n gramercy declined trans ferred interests.\n restructured $ 139. 7 mortgage interest rate 350 points 30-day libor.\n 2013 repaid march.\n 2010 acquired 125 park avenue manhattan office tower $ 330.\n assumed $ 146. 25 in-place financ ing.\n.. interest loan october.\n investments gramercy.\n 45% 45 leased fee avenue $ 39. million mortgage debt $ 120. 4 45% herald square $ 25. 6 million debt $ 86. 1 million leased 292 avenue $ 19. 2 mortgage debt $ 59. 1.\n assets leased operators."
}
{
    "_id": "dd4bb1f8c",
    "title": "",
    "text": "table contents 1b.\n unresolved staff comments no.\n.\n december 31 2015 owned leased 126 manufacturing sites 14 technical centers.\n plants wholly partially owned leased.\n smaller manufacturing sites sales offices warehouses engineering centers joint ventures investments.\n presence 44 countries.\n regional distribution manufacturing sites north america europe middle east africa asia pacific south america.\n electrical architecture\n powertrain systems\n electronics safety\n 14 technical centers four north middle east africa asia pacific one south america.\n 77 primarily owned 63 primarily leased.\n review real estate portfolio strategies 2019 global plans operating expenses.\n evolving portfolio current future needs.\n.\nsubject to actions claims suits investigations proceedings business including defects breach contracts competition antitrust product warranties intellectual property personal injury employment.\n financial position results operations cash flows.\n warranty matters future costs reserves cover warranty settlements.\n final amounts could differ from estimates.\n ignition switch recall 2014 customer initiated recall.\n received cooperated government agencies.\n delphi co-defendant gm in class action product liability lawsuits.\n december 2015 not named defendant in class action complaints.\n no assurances loss probable no reserve december 31 2015.\n unsecured creditors litigation partnership agreement delphi automotive llp entered july 12 2011 initial public offering.\nfourth llp agreement distributions delphi automotive exceed $ 7. 2 billion pay claims dphh $ 32. 50 $ 67. 50 $ 7. 2 billion $ 300 million.\n december 2014 complaint filed bankruptcy redemption interests gm pbgc repurchase shares dividends $ 7. 2 billion.\n"
}
{
    "_id": "dd4c5cebe",
    "title": "",
    "text": "devon energy subsidiaries financial statements debt maturities 31 2014 excluding premiums discounts.\n 2015 $ 1432\n 2016 350\n 2017 875\n 2019 1337\n 2020 7263\n $ 11257\n $ 3. billion syndicated unsecured revolving line credit.\n maturity $ 30 million october 24 2017.\n $ 164 million october 24 2018.\n remaining $ 2. 8 billion october 24 2019.\n interest fixed rate options twelve months.\n.\n borrow prime rate.\n annual fee $ 3. 8 million payable quarterly.\n december 31 2014 no borrowings.\n covenant.\n funded debt capitalization no greater 65 percent.\n.\n noncash write-downs.\n debt-to- capitalization ratio 20. 9 percent.\n $ 3. billion short-term credit.\npaper debt 1 90 days 365 interest.\n federal funds libor.\n december 2014 devon borrowings $ 932 million borrowing rate 0. 44 percent.\n november 13 2014 redeemed $ 1. 9 billion asset divestitures.\n redemption. 4% $ 500 million 2016. 2%. $ 650 million. $ 750 million 2017.\n redeemed $ 1. 9 billion 100 percent principal make-whole premium $ 40 million.\n unamortized discount $ 2 million debt issuance costs $ 6 million.\n 2014 statement earnings."
}
{
    "_id": "dd4b9a152",
    "title": "",
    "text": "wholesale distribution channels table presents doors geographic location products sold april 2 2016.\n americas\n europe 5625\n asia\n 13502\n. canada latin america.\n middle east.\n australia new zealand.\n three key wholesale customers sales volume.\n 2016 sales macy's.\n 11% 25% 25 % total net revenues revenues.\n sales three largest customers 24% 24 % 53%.\n products sold by sales forces.\n showrooms new york city.\n regional showrooms milan paris london munich madrid stockholm panama.\n shop-within-shops.\n brand recognition merchandising differentiate presentation.\n april 2 2016 25000 shop-within-shops channels.\n size 100 to 9200 square feet.\nshop-within-shop assets include fixtures wall cases decorative items flooring.\n share cost with wholesale customers.\n stock replenishment.\n knit shirts chino pants shirts accessories home products ordered.\n ship within two to five days order receipt.\n sells 493 stores 3. 8 million square feet 583 concession shop-within-shops e-commerce sites.\n extension direct-to-consumer reach.\n omni-channel retailing strategy integrated shopping experience consistent message.\n ralph lauren stores feature apparel accessories watch jewelry fragrance home assortments exclusive merchandise.\n 2016 opened 22 new closed 21.\n upscale street locations regional malls urban markets."
}
{
    "_id": "dd4985704",
    "title": "",
    "text": "international networks generated $ 1637 million 2012 37% total consolidated revenues.\n national pan-regional networks.\n generates revenue every pay-television market centers london singapore miami.\n discovery channel animal planet tlc lead.\n largest international distribution fourteen networks 200 countries territories.\n december 31 2012 operated 180 feeds 40 languages customized.\n free-to-air networks. germany italy spain international expansion.\n owns operates networks december 31 2012 global networks networks.\n channel 246 networks dmax\n animal planet 183 discovery kids\n tlc real time travel living quest\n science history\n investigation\n home health espanol.\n familia.\n world\ndecember 21 2012 international networks segment acquired 20% equity eurosport pay tf1 french $ 264 million costs.\n controlling interest eurosport 2014 one year.\n tf1 remaining interest one year.\n growth eurosport tennis skiing skating pay television.\n december 28 2012 acquired switchover media five italian channels children's entertainment.\n. generated $ 105 million 2012 2% 2 % revenues.\n curriculum-based.\n subscriptions k-12 schools online development services digital textbooks student assessments hardcopy.\n global brand content licensing partnerships non corporations foundations trade associations.\n viewership innovation quality value distributors advertising customers.\n content sourced third-party producers independent producers.\n categories produced coproduced licensed.\nproduced content includes third parties retain editorial control own rights development production costs.\n coproduced content refers program rights third parties.\n licensed content films previously produced third parties."
}
{
    "_id": "dd4c58418",
    "title": "",
    "text": "property equipment recorded cost.\n depreciation amortization estimated lives.\n land improvements\n buildings\n furniture fixtures equipment\n improvements leased amortized lease term life.\n impairment long-lived evaluates carrying value operating performance future cash flows values.\n sfas 144 impairment reviews impairment stores two years cash flows negative.\n impairment carrying value exceeds undiscounted future cash flows.\n estimate historical operations future profitability.\n asset impaired impairment difference carrying value asset fair value.\n estimated future cash flows rate market value.\n assets adjusted fair value less cost to sell book.\n impairment charges $ 0. 2 million 2007 $ 9. 4 million 2006 $.million 2005 reduce value stores negative sales cash flows.\n majority 2006 charges strategic initiatives.\n amortizes lives indefinite.\n amortizable assets tested undiscounted cash flows impaired written fair value discounted values.\n indefinite lives tested annually written value.\n no impairment."
}
{
    "_id": "dd4972226",
    "title": "",
    "text": "energy.\n $ 451. 420. 400.\n income 65. 44 62\n 2013.\n 2012 sales $ 451. higher lng project activity.\n income $ 65.\n sales backlog 2013 $ 402 450 2012.\n $ 250 backlog completed 2014.\n.\n 2011 sales $ 420. increased 5% $ 19. air separation unit activity.\n income $ 44. decreased 29% $ 18.\n sales backlog 2012 $ 450 $ 334 2011.\n foreign exchange gains losses.\n lifo inventory valuation adjustments.\n stranded costs discontinued operations.\n.\n loss $ 4. $ 6.\n unfavorable lifo adjustment $ 11.\n costs discontinued operations $.\n.\n loss $ 6. 39.year stranded costs lifo adjustment inventory favorable foreign exchange offset gains asset sales."
}
{
    "_id": "dd4c10ae6",
    "title": "",
    "text": "cross-border outstandings defined by bank regulatory rules payable by foreign countries regardless currency obligations.\n of deposits loan lease financing investment securities.\n risk conditions repayment obligations foreign exchange.\n outstandings to 1% 1 % ) of total assets december 31.\n united kingdom\n australia\n canada\n germany\n represented 5% 12% ( 9 % ) of total assets as of december 31 2008 2007 2006.\n cross-border outstandings to countries between. 75%. 1% ( 1 % ) of assets at 2008 to $. billion.\n no cross-border outstandings to countries between. 75%. and 1% ( 1 % ) of assets as december 31 2007.\ncross-border outstandings to countries. 75%. 1% 1 % assets at december 31 2006 $ 1. 05 billion.\n economic management metrics capital risk profile regulatory requirements financial flexibility future initiatives.\n objective strong capital base financial flexibility growth cash management protection against loss depositors creditors.\n maintain optimal level capital risk attractive return shareholders short long term obligations regulatory requirements.\n capital management focuses on risk exposures capital position regulatory capital requirements evaluations credit rating agencies.\n capital committee oversees capital capital adequacy targets.\n primary regulator state street bank federal reserve.\n minimum capital requirements federal deposit insurance corporation improvement act"
}
{
    "_id": "dd4c37cfe",
    "title": "",
    "text": "duke realty corporation report 2013 leasing costs tenant improvements lease-related costs properties first generation expenditures.\n improvements real estate investments lease-related costs deferred leasing costs. construction building shell site improvements.\n tenant improvements leasing costs second generation expenditures.\n building improvements second generation expenditures.\n liquidity second leasing expenditures.\n generation capital expenditures.\n tenant improvements $ 39892 $ 26643\n leasing costs\n building improvements\n capital expenditures $ 91798 $ 63884 99264\n development real estate investments $ 427355 264755\n other deferred leasing costs $ 35376 26311\ngeneration tenant improvements leasing costs increased shift industrial leasing to key performance indicators capital intensive.\n renewal volume lower office leases increased from 2012.\n increased investment non-tenant building improvements.\n focus wholly owned projects.\n properties expected cost $ 572. 6 million 2013 $ 468. 8 million $ 124. 2 million 2012 2011.\n cash outflows $ 427. 4 million $ 264. 8 million $ 162. 1 million.\n capitalized $ 31. 3 million $ 30. 4 million $ 25. 3 million overhead costs leasing.\n capitalized $ 27. 1 million $ 20. $ 10. 4 million development.\n overhead costs leasing 35. 7%. 31. 1%. 20. 6%. costs.\ncapitalization overhead costs administrative expenses comparison management financial condition results operations."
}
{
    "_id": "dd4be814a",
    "title": "",
    "text": "containerboard group division tenneco packaging. financial statements april 1999.\n pension benefit plans status benefit excluding retirement reconciles 1998 statements assets liabilities actuarial value september 30 1998.\n benefit obligation -98512\n accumulated\n projected obligation\n 146579\n unrecognized transition liability\n net gain\n prior service cost 13455\n prepaid pension cost december 31 1998\n weighted average discount rate 7.%. december 31 1998.\n long-term rate return assets 10%.\n management employees incentive compensation plans.\n payments targeted operating results goals.\n.\n amounts $ 1599000 period april 11 1999.\n tenneco employee stock purchase plan.\n.\n employees purchase.\n common stock payroll 15% discount.\n shares $ 21250.\naverage employee purchase right estimated black-scholes option pricing model 90 days $ 6. 31 december 31 1998.\n.\n tenneco employee stock purchase plan april 1 1997.\n sold 36883 shares employees april 11 1999.\n 1996 stock ownership plan common stock restricted stock performance units appreciation rights options.\n 17000000 shares common stock december 31 2001.\n fair market value options granted calculated tenneco stock price past black-scholes pricing values fair value.\n stock option estimated black-sholes option pricing model assumptions"
}
{
    "_id": "dd4c2c872",
    "title": "",
    "text": "discloses purchases common stock fourth quarter 2015.\n shares purchased average price paid share not purchased plans dollar value.\n october 2015 1658771  $ 62. 12 842059 816712 $ 2. 0 billion\n november 2015 2412467  $ 71. 08 212878 2199589 $ 1. 8 billion\n december 2015 7008414 $ 70. 31 7007434 $ 1. 3 billion\n 11079652  $ 69. 25 1055917 10023735 $ 1. 3 billion\n shares represent purchases fourth quarter 2015 open-market transactions stock-based compensation plans employees stock options vesting restricted stock compensation transactions.\n july 13 2015 board approved purchase $ 2.billion common stock no expiration $ 3 billion.\n completed purchases.\n december 31 $ 1. 3 billion 2. 5 billion program."
}
{
    "_id": "dd4bc29d6",
    "title": "",
    "text": "part iii item 10.\n directors executive officers corporate governance.\n section 406 sarbanes-oxley act 2002 adopted code ethics senior financial officers principal executive officer financial officer accounting officer controller.\n available website. hologic\n disclosure item 5. report form 8-k amendment waiver website.\n additional information proxy statement annual meeting stockholders commission 120 days fiscal year.\n item 11.\n executive compensation.\n.\n item 12.\n security ownership management.\n equity compensation plans employees officers directors.\n table fiscal year 27 2008 shares common stock stock option plans equity incentives approved.\n securities exercise price adjusted two-for-one stock splits november 30 2005 april 2 2008.\nequity compensation plan securities options warrants rights future approved holders.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n. 19977099 equity compensation plans approved security holders\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n securities issued options warrants rights warrants future compensation plans equity compensation plans approved security holders.\n not approved holders.\n 15953695.\n 1997 employee equity incentive.\n.\n1997 employee equity incentive plan adopted board 1997 attract retain employees consultants advisors incentive assist performance goals enable participate long-term growth.\n"
}
{
    "_id": "dd4bb7270",
    "title": "",
    "text": "73 98 financial statements ball corporation subsidiaries 15.\n shareholders december 31 2006 550 million shares common stock 15 million preferred stock.\n 120000 unissued shares stock.\n 26 2006 purchase right each share.\n entitles purchase share price $ 185 per right.\n acquires 10 percent common stock rights exercisable entitle purchase shares 50 percent discount.\n rights expire 2016 redeemable redemption price $ 0. 001 per right.\n dilution.\n interfere merger business combinations.\n reduced share repurchase program 2006 $ 45. 7 million $ 358. 1 million 2005 $ 50 million 2004.\n contract repurchase 1200000 shares.\n settled january 5 2007 $ 51. 9 million.\n contributes 20 percent $ 500 employee payroll deduction purchase common stock.\ncontributions $ 3. 2 million 2006 3. 2 million 2005 2. 7 million 2004.\n earnings millions foreign currency translation pension postretirement items financial derivatives.\n foreign currency pension financial derivatives\n 2003 80. 7 -93. 1 93. 11. -1 4.\n 68. -33 33 4 34.\n 2004 148. -126. 3 126. 10. 33.\n -74. 3 74. 6 43. -133 9 133.\n 2005 74. -169. 169. -5. 4 7.\n 57. 8. 6. 71.\n 2006 131. -161. 9 161. 5 29.\n 2005 distribution reinvest foreign earnings.\n no taxes foreign currency translation.\n minimum pension tax expense $ 2. 9 million 2006 tax benefits $ 27.. million 2005 2004.\n derivatives tax $. million 2006 $. 7 million 2005. 2 million 2004."
}
{
    "_id": "dd4c63502",
    "title": "",
    "text": "results second step december 31 2008 company recorded $ 9. 6 billion pretax $ 8. 7 billion after-tax goodwill impairment fourth quarter 2008 most goodwill allocated units.\n primary cause goodwill impairment deterioration financial markets global economic outlook mid-november year-end 2008.\n significant fair value adjustments purchase price allocation loans debt intangibles.\n adjustments assets implied fair value goodwill not reflected consolidated balance sheet.\n table shows units goodwill balances excess fair value allocated book value december 31 2009.\n allocated.\n north america banking 174%\n latin america\n securities\n services\n brokerage asset management\n local lending\n excluded no goodwill allocated.\nno impairment noted in company 2019s consumer lending 2014cards unit test at november 30 2009 goodwill may sensitive to deterioration economic conditions.\n earnings transaction multiples selected from guideline companies acquisitions.\n performance financial condition return on equity net income growth.\n utilized discount rate risk uncertainty selected 2012 terminal year.\n small deterioration assumptions growth could affect impairment evaluation results.\n cash flows could experience future impairment charges $ 4683 million goodwill unit.\n charges affect tier 1 capital regulatory ratios common equity liquidity position."
}
{
    "_id": "dd4bb6d3e",
    "title": "",
    "text": "consolidated financial statements.\n pension postretirement health care life insurance table benefits ten years pension postretirement plans december 31 2004.\n 2005 $ 125\n 2006\n 2007\n 2008 154\n 2009 166\n 2010-2014\n $ 1772 $ 352\n.\n stock compensation plans may 2000 shareholders hartford approved incentive stock plan replaced 1995 stock plan.\n similar 1995 annual higher maximum limit.\n awards non-qualified incentive stock options performance shares restricted stock.\n stock appreciation rights stock options 2000.\n 2004 amended grants restricted stock units january 1 2005.\n maximum limit 17211837 shares ten-year duration.\n options exercise price equal market price common stock maximum term ten years two.\noptions exercisable three year period grant market price appreciation common shares.\n no employee more 1000000 shares.\n 2004 hartford incentive stock options 2000 plan.\n performance awards payable performance goals five years restricted stock subject to restriction.\n no more 20% shares.\n maximum award 200000 shares.\n 2004 2003 2002 granted 315452 333712 40852 average prices $ 64. $ 38. $ 62.\n 1996 hartford employee stock purchase plan.\n employees purchase common stock at 15% discount closing market price.\n sell 5400000 shares employees.\n 2004 2003 2002 345262 443467 408304 shares sold.\n per share average fair value $ 9. 31 $ 11. $ 11. 70.\n 1997 established employee stock purchase plans for international.\nparticipants purchase stock hartford fixed price three-year.\n activity material."
}
{
    "_id": "dd4c0a39e",
    "title": "",
    "text": "auto parts.\n subsidiaries financial statements 2013 2007 2006 2005.\n stock repurchase program 2007 authorized new repurchase program $ 500000 expenses.\n cancelled replaced previous $ 300000 repurchase program.\n stock open market privately securities exchange commission.\n 2007 repurchased 8341 shares cost $ 285869 average $ 34. 27 per share 1330 previous 300000 program.\n 77 shares repurchased $ 2959 unsettled.\n retired 6329 shares.\n $ 260567 remaining current repurchase program.\n repurchased 4563 shares $ 155350 average $ 34. 04 per share.\n 2006 retired 5117 shares repurchased.\n $ 192339 average $ 37. 59 per share.\n.\nadoption fin 48 2006 company $ 2275 liability unrecognized tax benefits retained earnings.\n table unrecognized tax benefits fiscal year 29 2007.\n balance 31 2006 $ 16453\n increases 1279\n decreases\n increases 5340\n settlements -539\n expiration statute limitations -271\n balance december 29 2007 $ 20409\n unrecognized tax benefits annual tax rate.\n fin 48 interest penalties tax expense.\n accrued penalties interest $ 709 $ 1827.\n liability penalties interest $ 1843 $ 4421 .\n tax contingencies expense.\n penalties.\n unrecognized tax benefits change 12 months.\n conclude $ 2000 to $ 3000 contingencies settlements expiration statute limitations.\n resolutions current income tax examinations."
}
{
    "_id": "dd4c1bfb8",
    "title": "",
    "text": "2006 net revenues increased $ 149. 6 million. $ 430. 7 million 2006 281. 1 million 2005.\n net sales license revenues product category table.\n 255681 189596 34. 9%. 9 %\n 85695 53500 32195 60. 2%.\n 31845 18784 13061 69. 5%.\n apparel 373221 261880 111341 42. 5%. 5 %\n footwear 26874\n accessories 14897. 3%.\n net sales 414992 271289 143703 53.\n license revenues 15697 9764.\n revenues $ 430689 281053 149636. 2%.\n sales increased $ 143. 7 million. $ 415. million 2006 $ 271. 3 million 2005.\n increase sales.9 million footwear sales football cleats second quarter 2006 baseball cleats fourth quarter volume growth coldgear retail customers stores expanded floor space average selling price apparel increased women youth market penetration product introductions compression training products.\n license revenues increased $ 5. 9 million. $ 15. 7 million 2006 $ 9. 8 million 2005.\n increased sales distribution volume growth new product offerings licensing agreements college bookstores golf pro shops.\n gross profit increased $ 79. 7 million $ 215. 6 million 2006 $ 135. 9 million 2005.\n profit increased 180 points 50. 1%. 3%.\n product costs supplier discounts 170 point increase decreased close-out sales 70 point increase customer incentives marketing expenditures 70 increase"
}
{
    "_id": "dd4c52f04",
    "title": "",
    "text": "buy/sell arrangements before april 2006 reported separate.\n adoption eitf issue.\n 04-13 change accounting nontraditional derivative instruments effect net income.\n after april 2006 less than previous accounting practices.\n.\n revised 2004 fasb issued.\n-based payment revision.\n stock-based compensation. requires measure cost employee services equity instruments fair value.\n.\n awards liabilities remeasured at fair value each reporting period.\n fair value method.\n grants january 1 2003.\n.\n requires calculate excess tax benefits tax deficiencies.\n fasb issued.\n election tax effects share-based payment awards alternative transition election method.\n elected long-form method determine excess tax benefits january 1 2006.\n adopted.\n123 r january 1 2006 awards granted modified cancelled adoption unvested january 1 2006.\n.\n assumed forfeiture rate unvested awards liabilities measured fair value.\n.\n recognized forfeitures intrinsic value method.\n adoption results operations financial position cash flows.\n.\n january 1 2006 adopted.\n costs amendment.\n. idle facility expense excessive spoilage double freight re-handling costs current-period charge.\n adoption results operations financial position cash flows.\n.\n january 1 2006 adopted.\n changes error corrections replacement apb opinion.\n statement.\n.\n recognize voluntary changes accounting principle new accounting pronouncement transition provisions prior periods financial statements.\n.\n fasb interpretation.\n conditional asset retirement obligations statement.\n.interpretation clarifies entity recognize liability legal obligation asset retirement conditional future event if liability fair value estimated.\n entity disclose description obligation liability reasons.\n.\n clarifies entity information estimate value retirement obligation.\n adopted.\n december 31 2005.\n charge $ 19 million net taxes $ 12 million.\n cumulative effect change accounting principle 2005.\n assets increased $ 22 million liabilities increased $ 41 million.\n net income per share effect.\n 2005 2004 not different.\n summarizes total liability asset retirement obligations.\n.\n impact adoption.\n liability measured using information assumptions interest rates.\n.\n.\n 31 2003\n.\n adopted.\n nonmonetary assets amendment.\n july 1 2005.\n amendment eliminates apb opinion.\nexception value nonmonetary exchanges replaces exception commercial substance.\n.\n 2013 january 1 adopted.\n suspended well costs amended guidance exploratory well costs.\n accounting reporting oil gas companies.\n costs drilling wells capitalized reserves.\n"
}
{
    "_id": "dd4bf4666",
    "title": "",
    "text": "republic services.\n financial statements quality institutions.\n balances fdic insured limits.\n monitor credit worthiness financial institutions deposits.\n credit risk accounts limited variety customers markets dispersion operations.\n small-container large-container municipal residential energy services customers united states puerto rico.\n credit evaluations require collateral receivables.\n allowance doubtful accounts credit risk age historical trends economic conditions.\n collection transfer recycling disposal energy services.\n recorded billed earned claims settled cash.\n estimated realizable value.\n provisions evaluated monthly historical collection experience age information economic conditions.\n review outstanding balances.\n reserves 90 days.\n past due receivable balances written-off collection unsuccessful.\n activity allowance doubtful accounts years ended december 31.\n$ 44. $ 46. 7 $ 38. 9\n additions 30. 6 20. 4 22. 7\n accounts written-off. 7 35. 23. 9 14.\n end year $ 38. 9 $ 44. $ 46. 7\n restricted cash securities december 31 2017 $ 141. million securities $ 71. 4 million insurance workers compensation general liability auto liability.\n obtain funds tax-exempt bonds expenditures landfills transfer stations collection recycling centers.\n deposited trust accounts.\n restricted cash securities.\n financial assurance agencies collection contracts landfills environmental remediation permits business licenses.\n cash trust funds escrow accounts.\n cost.\n additions improvements maintenance repairs.\n"
}
{
    "_id": "dd4bdbcc4",
    "title": "",
    "text": "maturities marketable securities.\n millions sale cost fair value\n 1 year $ 25. 4 $ 25.\n equity securities.\n $ 25. 7 $ 28.\n cash equivalents pledged collateral derivative contracts.\n $ 0. 9 million receivable pledged foreign uncommitted line credit.\n fair value carrying amounts long-term debt $ 14169. 7 million $ 14268. 8 million.\n estimated market quotations discounted cash flows borrowing rates.\n debt level 2 liability fair value.\n risk management exposed market risks interest rates commodity prices.\n derivative transactions.\n commodity price risk.\n derivatives manage price risk ingredients costs grains oils dairy products.\n certainty future price commodities.\nmanage exposures through purchase orders contracts futures options over-counter options swaps.\n offset market conditions acquire inputs close planned cost.\n use derivatives commodity prices.\n hedge accounting.\n changes recorded in cost sales statements earnings.\n criteria cash flow hedge accounting instruments effective certainty future price commodities.\n performance gains losses reported in unallocated corporate items outside results until affects earnings.\n reclassify gain loss to profit effects without mark-to-market volatility."
}
{
    "_id": "dd4c3ecde",
    "title": "",
    "text": "arconic subsidiaries file tax returns.\n federal foreign jurisdictions.\n no subject tax examinations 2006.\n.\n years prior 2016 audited.\n tax authorities examining arconic income tax returns 2015.\n reconciliation unrecognized tax benefits excluding.\n 2016 2015 2014\n balance beginning year $ 18 $ 7  $ 8\n additions tax current\n prior years\n reductions\n settlements tax authorities\n expiration statute of limitations\n foreign currency translation\n balance end year $ 28 $ 18  $ 7\n portion balance pertains state tax liabilities before federal tax benefits.\n unrecognized tax benefits annual effective tax rate 2016 2015 2014 6% 7% 4% 4 pretax income.\n changes unrecognized tax benefits impact consolidated operations 2017.\narconic policy interest penalties.\n 2016 2015 2014 interest penalties.\n expiration statute limitations settlements refunded overpayments recognized interest $ 1 2015 2016 2014.\n accrued interest penalties $ 2 $ 1 .\n.\n arrangement three financial institutions sell receivables without recourse.\n bankruptcy special purpose entity subsidiary.\n minimum funding $ 200 $ 400 receivables sold.\n sold $ 304 receivables $ 50 cash $ 254 deferred purchase price.\n received additional net cash funding $ 300 receivables sold $ 1758 $ $ 100 2016.\n no draws repayments 2015.\n deferred purchase price receivable $ 83 $ 249.\n reduced collections revolving program sale new receivables deferred purchase price.\nchange deferred purchase price receivable reflected receivables.\n operating cash flow receivables insignificant short-term interest rate risk."
}
{
    "_id": "dd4c38ce4",
    "title": "",
    "text": "management financial condition results operating income.\n operating income reconciliation\n 10646 2016 income\n 1250 lower platform unit cost\n 905 lower expense\n 625 higher gross margin\n -645 higher factory start-up costs 10nm process technology\n 8166 2015 income\n higher platform unit costs\n lower gross margin\n 435 lower start-up costs 14nm process technology\n lower production costs 14nm products\n lower operating expense\n 224\n 10327 2014 income\n higher gross margin selling prices lower sales.\n lower gross margin sales prices.\n platforms energy-efficient performance server network storage applications.\n lowering total cost ownership optimizations enterprise cloud communications segments.\n2016 launched platforms processor e5 v4 clouds energy-efficient server network storage.\n xeon processor e7 v4 four cpus high performance real-time analytics in-memory computing industry-leading reliability availability serviceability.\n xeon phi 2122 knights 72 high-performance processor cores integrated memory common software programming.\n parallel compute memory bandwidth-intensive workloads.\n performance supercomputers calculations data artificial intelligence.\n 2017 next generation xeon processors compute storage network phi deep learning single-socket products e3 xeon-d."
}
{
    "_id": "dd4ba91e8",
    "title": "",
    "text": "entergy texas.\n revenue 2008 2007 operating revenues fuel expenses gas power expenses regulatory charges.\n analysis change net revenue 2008 2007.\n.\n 2007 net revenue $ 442.\n volume/weather -4.\n reserve equalization.\n securitization transition charge.\n fuel recovery.\n.\n 2008 net revenue $ 440.\n volume/weather variance due decreased usage unbilled sales period.\n estimates.\n reserve equalization variance lower entergy system generation mix.\n securitization transition charge variance due issuance bonds.\n entergy gulf states reconstruction funding issued securitization bonds.\n.\n fuel recovery variance due reserve potential rate refunds first quarter 2007.\n variance operational effects jurisdictional separation revenues fuel purchased power expenses.\noperating revenues fuel power expenses regulatory charges increased $ 229. 3 million increase $ 157 million fuel cost recovery revenues higher rates usage offset interim fuel refunds november 2007.\n two 2008.\n increase $ 37. 1 million wholesale revenue cost energy transition charge securitization bonds.\n interim surcharge $ 10. 3 million under-recovered capacity costs july 2007.\n two-month 2008.\n."
}
{
    "_id": "dd4bbdb16",
    "title": "",
    "text": "performance graph shows return company common stock dividend reinvestment&p 500 index dow jones financials index december 31 2010 2015.\n e*trade financial corporation 100. 49. 55. 122. 151. 185.\n s&p 500 index 100. 102. 118. 156. 178. 180.\n dow jones financials index. 87. 110. 148. 170."
}
{
    "_id": "dd4bd52b6",
    "title": "",
    "text": "30 94 capital spending.\n 2007 $ 44. 5 million 27. 3 million pension plans debt reduction plan.\n consolidated cash flow.\n 2007 2006 2005\n cash flows $ 673. 401. 558.\n pension funding.\n -308. -279.\n replacement fire-damaged assets 48.\n free cash flow $ 440. 183. 267.\n cash flows 2008 $ 650 million capital spending $ 350 million free cash flow $ 300 million.\n spending $ 259. million 48. 6 million recoveries 2007 below depreciation amortization expense $ 281 million.\n aerospace.\n $ 350 million spending $ 180 million sales growth.\n refinancing decreased. million $ 2358. 6 million 2451. million.\n higher foreign exchange rates.\ndecember 31 2007 $ 705 million multi-currency credit.\n $ 345 million short-term credit $ 49. million outstanding.\n october 13 2005 refinanced senior credit redeemed 7. 75%. senior notes 2006.\n pretax debt refinancing $ 19. million. premium write unamortized debt costs.\n receivables sales agreement trade accounts packaging $ 250 million.\n off-balance sheet financing.\n.\n.\n funds sale $ 170 million $ 201. 3 million december 31 2007 2006 reduction accounts receivable consolidated balance sheets.\n not default loan met payment obligations.\n.\n restrictions dividends investments financial ratios guarantees additional indebtedness.\n details receivables sales agreement notes 7 13 financial statements."
}
{
    "_id": "dd4b9306e",
    "title": "",
    "text": "2019s 2017 tax rate includes $ 160. 9 million benefits act $ 6. 2 million special gains charges $ 25. 3 million discrete tax items.\n provisional net tax benefit $ 160. 9 million recorded december 31 2017 $ 321. million tax benefit deferred tax assets.\n expense one-time transition tax $ 160. 1 million.\n impact reduction.\n.\n.\n tax reform $ 7. 8 million.\n recorded discrete tax benefit $ 39. 7 million excess tax benefits accounting changes compensation.\n.\n recorded expenses $ 14. 4 million adjustments 2016.\n federal income tax return international adjustments offset reserves uncertain tax positions limitations.\n net expense tax $ 3. 9 million.\n recognizing adjustments 2015.\nincome tax return offset settlement international tax matters deferred tax assets liabilities updated tax rates jurisdictions.\n net expense impacted by adjustments deferred tax positions release reserves tax positions expiration statute limitations.\n jurisdictions.\n 2015 company recognized net benefits tax $ 63. 3 million.\n driven release $ 20. 6 million valuation allowances foreign deferred tax assets worthless stock deduction $ 39. million wholly-owned domestic subsidiary.\n reconciliation liability unrecognized tax benefits.\n millions 2017 2016 2015\n balance beginning year $ 75.\n additions tax positions current year.\n prior years.\n reductions.\n reductions tax positions due statute limitations.\n settlements.\n acquisitions.\n foreign currency translation.\nend year $ 61. $ 75. 74.\n unrecognized tax benefits tax rate $ 47. million 2017 57. 5 million 2016 59. 2 million 2015.\n recognizes interest penalties benefits.\n released. 9 2. 9 1. 4 million.\n. 3 10. 2 million 13. 1 million interest 2015."
}
{
    "_id": "dd4bd4532",
    "title": "",
    "text": "financial condition results operations include net interest coverage debt-to-book capitalization ratios.\n company 3-year credit facility december 31 2005.\n never borrowed domestic revolving credit facilities.\n utilization.\n conditions borrowing.\n contractual obligations guarantees purchase commitments future payments debt lease purchase as december 31 2005.\n payments due by 2006.\n long-term debt obligations $ 4033  $ 119  $ 1222 $ 200 529 1961\n lease obligations 1150  438 190 134\n purchase obligations 992  418  28  539\n contractual obligations $ 6175  $ 975  $ 1440 $ 337 $ 113 $ 615  $ 2695\n non-cancelable commitments.\ndecember 31 2005 long totaled $ 4. billion $ 5. billion 2004.\n note 4.\n decrease due to redemptions repurchases $ 1. billion 2005.\n remaining $ 118 million of. 6%. notes due january 1 2007 reclassified current maturities.\n lease obligations owns facilities office factory warehouse space land equipment non-cancelable leases.\n 2005 minimum lease obligations totaled $ 1. 2 billion.\n $ 254 million 2005 $ 217 million 2004 $ 223 million 2003.\n purchase obligations purchase inventory software promotional research development agreements not cancelable.\n through 2015.\n payments $ 992 million.\n software components supplies materials.\n one to three years.\nagreements obligate company purchases permit with advance notice 60 to 180 days.\n liable for termination charges based on work performed inventory materials canceled.\n liability other than. 2003 outsourcing contracts for administration technology services.\n contracts extend 10 years expire 2013.\n total payments approximately $ 3 billion over 10 years can.\n penalty less than annual payments.\n find another source for services in-house.\n performance/bid bonds standby letters of credit outstanding government enterprise mobility networks.\n maturities to three years"
}
{
    "_id": "dd4b8d254",
    "title": "",
    "text": "aeronautics profit 2011 increased $ 132 million 9% 2010.\n $ 115 million higher profit c-130 volume f-16 $ 50 million c-5 $ 20 million $ 70 million risk retirements.\n offset decline profit $ 75 million f-22 f-35 lower volume $ 55 million other programs f-35 lower profit rate adjustments.\n $ 90 million higher.\n decreased 2012 lower orders f-35 c-130 offset higher orders f-16.\n backlog increased 2011 higher orders f-35 higher sales c-130.\n mid digit decline net sales 2013.\n f-16 offset increase sales f-35 lrip contracts.\n operating profit decrease 2012 decline net sales changes aircraft mix slight decline operating margins.\n management services solutions civil defense intelligence government customers.\n smaller contracts.\n&gs impacted downturn federal information technology budgets resolution october 1 2012.\n fiscal year.\n 2019 operating results.\n 2011\n net sales $ 8846 $ 9381 $ 9921\n operating profit\n margins. 1%. 1 %. 3%. 3 2%. 2 %\n backlog year-end\n net sales decreased $ 535 million 6% %.\n lower net sales $ million completion programs 2011.\n $ 255 million lower volume programs.\n higher net sales $ 140 million qtc acquired 2011 $ 65 million increased activity programs federal cyber security.\n operating profit 2012 decreased $ 66 million 8% 8 % 2011.\ndecrease lower profit $ 50 million odin contract 2011 $ 25 million reserves airborne surveillance $ 20 million lower volume c2bmc win-t.\n risk retirements $ 15 million twic $ 10 million increased activity programs federal cyber security.\n profit jtrs program reserves.\n net profit $ 20 million higher 2012 2011."
}
{
    "_id": "dd4bee9d2",
    "title": "",
    "text": "table information increases aap stores past five years beginning new 1 closed ending 1 include relocations renovations.\n store-based information systems efficiency service proprietary pos system electronic parts catalog system.\n information pos system pricing marketing merchandising strategies inventory.\n pos system integrated with epc parts selection ordering based year make model engine.\n-based epc data management system time exchange data catalog deliver parts information.\n contains enhanced search engines navigation tools parts products.\n part available epc system ordered from.\n available parts accessories ordered electronically confirmation price availability delivery time.\n support store operations proprietary systems labor scheduling.\n store-level inventory management system provides real-time inventory tracking.\nstore-level system team check-hand inventory adjust stock levels process returns defective merchandise designate skus track transfers.\n stores use radio frequency hand-held devices accuracy inventory.\n standard operating procedure system web-based data management system access procedures on-line search.\n systems provide real-time information improved customer service productivity in-stock availability.\n merchandise handled teams locations roanoke minneapolis taipei.\n roanoke team parts minnesota team accessories oil chemicals.\n global sourcing team.\n fiscal 2011 purchased from 500 vendors no single vendor more 9% purchases.\n purchasing strategy agreements vendors payment terms volume.\n team developed vendor relationships category management process product offerings demand.\n global sourcing store sales gross margin inventory productivity.\n2011 2010 2009 2008 2007\n beginning stores 3369 3264 3243 3153 2995\n new stores 1 ) 95 110  75  109  175\n closed -4 4 -5 ( 5 ) -54 54 ) -17 )\n ending stores 3460 3369 3264 3243 3153\n table increases stores past five years beginning new 1 ) closed ending 1 relocations renovations.\n store-based information systems proprietary pos system electronic parts.\n pricing marketing merchandising strategies replenish inventory.\n pos integrated epc parts selection ordering year make model engine.\n epc data management time data parts information.\n search engines-friendly navigation tools.\nhard part accessory available epc system ordered from.\n available parts accessories ordered electronically from confirmation price availability delivery time.\n store operations with proprietary systems labor scheduling.\n store-level inventory management system real-time inventory tracking.\n check inventory adjust stock levels process returns defective merchandise designate track merchandise transfers.\n radio frequency hand-held devices accuracy inventory.\n standard operating procedure system web-based data management access procedures on-line search.\n provide real-time information improved customer service productivity in-stock availability.\n merchandise handled by merchandise teams roanoke minneapolis.\n roanoke parts minnesota accessories oil chemicals.\n.\n fiscal 2011 purchased merchandise from 500 vendors no single vendor more than 9% purchases.\npurchasing strategy agreements with vendors pricing payment volume.\n merchandising team developed strong vendor relationships category management process product demand.\n process global sourcing operation critical improving store sales gross margin inventory productivity."
}
{
    "_id": "dd4bca352",
    "title": "",
    "text": "reserves expansions funding approved joint venture agreement satisfied.\n table changes estimated net bitumen reserves 2008.\n millions barrels.\n 421\n revisions -30\n extensions discoveries additions 6\n production\n end year 388\n revisions driven by price impact new royalty regime.\n estimated reserves forward-looking based assumptions commodity prices volumes physical data recoverability industry economic conditions cash flow operating considerations.\n recoveries different.\n estimation process item 7.\n financial condition results operations 2013 accounting estimates recoverable reserve quantities.\n operations not financial accounting standards.\n accounting requirements oil gas companies.\n.\n201cdisclosures oil gas amendment statements 19 25 33 39 securities exchange commission rule 4-10 bitumen production reserves information oil gas.\n release amending disclosure requirements reports 10-k december 31 2009 item.\n financial condition results 2013 accounting standards.\n expansion aosp approved 2006.\n mining extraction jackpine mine treatment muskeg river mine 2010 2011.\n 50000 bpd net production capacity canadian oil sands.\n future expansions review.\n alberta government accepted expansion 1 capital costs muskeg river mine cost recovery pool.\n price royalties 2008 one percent gross mine revenue.\n 2009 alberta royalty regime amended based canadian dollar texas price.\n nine percent gross revenue 25 40 percent net revenue.\nminimum royalty $ 55. per barrel maximum $ 120. barrel linear increase royalty prices.\n oil sands mining aosp expansion.\n transportation logistics materials labor hazards weather delays approvals risks construction.\n seven refineries gulf coast midwest upper great plains refining capacity 1. 016 million barrels per day crude oil.\n"
}
{
    "_id": "dd4be481a",
    "title": "",
    "text": "financial condition results operations capital resources growth funded cash debt financing.\n cash operations receivables borrowings cash fund debt payments march 2014 repayment $ 100. million. 85%. unsecured notes maturity interest dividends new receivables financial capital expenditures working capital restructuring activities pension plans share repurchases acquisitions.\n external funds available acceptable cost.\n february 7 2014 long-term debt commercial paper rated a3 p-2- standard poor f2 fitch.\n credit arrangements sound balance sheet financial flexibility growth acquisitions.\n assurances future financing terms debt ratings.\n consolidated balance sheets.\n 2013 working capital $ 1080. 8 million increased $ 1. 0 million $ 1079. 8 million 2012.\n working capital position 2013 2012.\nequivalents 217. 214.\n 531. 497.\n 374. 323.\n 68. 62.\n 434. 404.\n 169. 166.\n 1796. 1669.\n long-term debt -113. -5\n -155. -142.\n -446. -441. 441\n -715. 715. -589. 589.\n capital $ 1080. 8 1079.\n $ 217. 6 million 2013 $ 214. 5 million 2012.\n $ 3. 1 million increase $ 508. 8 million finance receivables 392. 6 million 24. 3 million pension plans 29. 2 million stock purchase option plan $ 8. 4 million sale property equipment.\n offset $ 651. 3 million finance receivables dividend payments $ 92. million repurchase 926000 shares common stock $ 82.million funding $ 70. 6 million capital expenditures 2013 acquisition challenger $ 38. 2 million.\n $ 217. 6 million cash equivalents 2013 $ 124. 3 million held outside united states.\n snap-on.\n funds permanently invested foreign operations working capital satisfy regulatory requirements business expansion repatriate funds.\n.\n repatriation cash adverse net tax consequences.\n.\n repatriation favorable net tax consequences.\n evaluates repatriate cash tax consequences.\n"
}
{
    "_id": "dd4c5dbb6",
    "title": "",
    "text": "minimum lease payments non-cancelable operating leases at may 31 2013 fiscal years 31.\n 2014 $ 11057\n 2015 8985\n 2016 7378\n 2017 6700\n 2018 6164\n 16812\n future minimum lease payments $ 57096\n party to claims lawsuits business.\n liabilities financial position liquidity results operations.\n unrelated to income sales property value-add business taxes.\n interpret operating tax matters united states foreign jurisdictions.\n taxing authorities additional taxes.\n may 31  2013 2012 liabilities for contingencies operating tax items.\n sponsorship depository processing agreements with banks.\n identification numbers visa mastercard.\n agreements contain financial covenants in compliance with as of may 31 , 2013.\ncanadian visa sponsorship expired march 2011.\n filed application superintendent financial institutions wholly owned loan company financial institution sponsor.\n december 12 2012 order business direct visa member bin transfer.\n 2011 obtained temporary participation visa canada application pending.\n bin transfer september 30 2013."
}
{
    "_id": "dd4befcce",
    "title": "",
    "text": "expense.\n incurred $ 150.\n capitalized 13.\n expense $ 137. $ 130.\n increased. lu'an joint venture offset impacts currency lower interest rate debt balance.\n capitalized interest decreased 31% $ 6. carrying value projects lu'an project.\n $ 66. $ 61. lower pension settlement losses higher non-service pension income higher interest income.\n pension settlement losses $ 43. transfer pension assets obligations insurer.\n.\n pension settlement loss $ 5. $\n pension plan.\n $ 1809. increased 18% 18 % $ 276.\n tax cuts jobs act positive pricing favorable volumes.\n income margin. increased\n $ 3468. increased 11% $ 352. positive pricing higher volumes unfavorable currency.\nebitda margin 38. 9%. increased 400 due higher volumes positive pricing india contract modification.\n contributed 80.\n tax rate equals operations.\n 21. 26. 2019 2018.\n.\n tax cuts jobs act.\n tax laws federal corporate income tax rate 35% to 21% 21 repatriation tax foreign earnings.\n net tax costs $ 43. 8 $ 180. 6 2019 2018.\n cost $ 56. 2 reversal benefit.\n foreign dividends.\n.\n offset adjustment $ 12. 4\n foreign tax repatriation tax.\n rate net gain exchange equity affiliates $ 29. 1 not taxable.\n higher 2018 expense offset $ 35. tax benefit restructuring foreign subsidiaries $ 9. benefit audit settlement agreement higher excess tax benefits share-based compensation.\nadjusted tax rate. 4%. 6%. 2019 2018.\n lower rate $. benefit foreign audit tax share compensation."
}
{
    "_id": "dd4c5304e",
    "title": "",
    "text": "december 31 2014 authorized stock repurchase program $ 5. 5 billion remaining $ 738 million for future repurchases february 3  2016.\n management authorized purchase common stock open market prevailing prices securities laws legal requirements subject to stock price business market conditions.\n stock repurchases cash operations.\n fund revolving credit facility future financing transactions.\n no repurchases series a b common stock three months ended december 31 2014.\n announced stock repurchase program august 3 , 2010.\n cumulative shareholder return series a 500 index peer group.\n.\n.\n assumes $ 100 invested december 31 2009 in s&p 500 index peer group companies including reinvestment dividends years ended december 31 2010 2011 2012 2013 2014.\ndecember 31.\n $ 100. 135. 96 133. 58 206. 98 294. 82 224. 65\n 100. 138. 79 133. 61 200. 95 290. 40 233. 86\n 100. 138. 35 142. 16 220. 59 316. 21 254. 30\n 100. 112. 78. 78 127. 90 165. 76 $ 184. 64\n 100. 118. 40 135. 18 182. 38 $ 291. 88 $ 319. 28\n equity compensation plan securities 2015 annual meeting."
}
{
    "_id": "dd4bcef88",
    "title": "",
    "text": "2015 2014 $ 1. 5 billion $ 1. 3 billion.\n foreign currency hedges december 31 $ 4. 1 billion $ 804 million.\n derivative instruments net earnings income 2015 2013.\n derivatives hedge accounting.\n note 16 fair value measurements.\n 2014 fasb new standard revenue disclosure requirements.\n july 9 2015 approved one-year deferral 2018 option adopt 2017.\n early adoption not.\n standard adopted retrospectively modified retrospective new existing contracts cumulative catch-up adjustment retained earnings date contracts.\n fasb changes new standard.\n evaluating methods adoption effect financial statements disclosures.\n revenue guidance impact revenue cost recognition contracts business segments.\n evaluation future periods.\n 2015 fasb standard accounting adjustments preliminary amounts requirement.\nadjustments recognized period including effect on earnings previous periods acquisition date.\n adopted standard january 1 2016 apply business adjustments after adoption.\n november 2015 fasb issued standard deferred income taxes assets liabilities noncurrent consolidated balance sheets.\n effective january 1 2017 early adoption permitted.\n adoption or prior periods.\n evaluating method adoption.\n 2013 earnings per share.\n common shares basic computations 310. 316.\n dilutive effect equity awards.\n diluted 314. 322.\n basic diluted earnings common share dividing net earnings by weighted average number common shares periods.\n includes effects assumed vesting outstanding restricted stock units exercise stock options.\n.4 million stock options 2013 anti-dilutive prices common stock.\n no anti-dilutive equity awards 2015 2014."
}
{
    "_id": "dd4c0680c",
    "title": "",
    "text": "deferred compensation plan company executives board adopted illumina.\n plan effective january 1  2008.\n eligible participants contribute 80% base salary 100% other forms compensation including bonus commission director fees.\n company credit participants contributions earnings performance independent investment funds.\n make employer contributions accounts.\n vesting schedules discretion compensation committee.\n contributions 100% vested disability death retirement change control.\n benefits unsecured.\n participants eligible receive payment vested benefit end deferral period after termination employment.\n december 28 2008 no employer contributions plan.\n established rabbi trust directors executives.\n.\n.\n included assets trust in consolidated balance sheet.\n december 28 2008 assets liabilities $ 1. 3 million.\n assets classified as other assets accrued liabilities balance sheet.\nvalues assets trust accrue company.\n.\n segment information geographic data customers quarter 2008 reorganized structure life sciences business unit products services research market beadarray beadxpress sequencing lines.\n created diagnostics business unit molecular diagnostics.\n 2008 limited activity diagnostics results reported chief executive.\n.\n operated one reportable segment.\n revenue regions.\n united states $ 280064 $ 207692 103043\n kingdom 67973 34196 22840\n european countries 127397 75360\n asia-pacific 72740 35155\n other markets 25051 14396\n total $ 573225 $ 366799  $ 184586\n net revenues attributable geographic areas region destination.\n.\n consolidated financial statements 2014"
}
{
    "_id": "dd4bab2f4",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries 9.\n changes disagreements accountants financial disclosure no changes disagreements last two years.\n.\n controls procedures evaluation goldman sachs management chief executive officer financial officer disclosure controls procedures rule 13a-15.\n concluded effective.\n no change internal control financial reporting rule 13a-15 fourth quarter 31 2018 internal control.\n report report independent accounting firm part ii item 8 form 10-k.\n 9b.\n information.\n 10.\n directors executive officers corporate governance page 20 form 10-k.\n audit committee financial experts procedures shareholders recommend director nominees proxy statement 2019 annual meeting filed 120 days 2018.\n code business conduct ethics senior financial officers 2014 part i item 1 form 10-k.\n.\nexecutive compensation executive officer director compensation committee board 2019 proxy statement incorporated form 10-k.\n item 12.\n security ownership beneficial owners management stockholder matters common stock management 2019 proxy statement form 10-k.\n table information december 31  2018 securities issued outstanding restricted stock units equity compensation plans 2018.\n securities weighted average exercise price securities future issuance 17176475 68211649 approved.\n securities options weighted average price future issuance\n plans 17176475\n 17176475\n 2030 securities issued outstanding options rights includes 17176475 shares outstanding rsus.\n awards subject to vesting conditions award agreements underlying shares delivered net tax withholding.\n december 31  2018 no outstanding options.\nshares rsus deliverable average exercise price.\n goldman sachs 2018 form"
}
{
    "_id": "dd4c1141e",
    "title": "",
    "text": ".\n management financial condition results operations 2013 highmount revenues profitability future growth depend natural gas ngl prices production.\n price volatility.\n weather political economic events competition supply demand gas pricing.\n natural gas prices decreased increased onshore production working gas storage reduced commercial demand.\n increase production increased production sources shale horizontal drilling.\n factors lower industrial demand economic downturn low crude oil prices.\n 2009 highmount contracts five drilling rigs permian basin property sonora texas.\n estimated fee $ 23 million.\n highmount reduce 2009 production volumes decreased drilling activity.\n price gas production affected by hedging activities differences market prices.\n increase natural gas production returns capital investment program.\n affected commodity prices capital operating costs.\nhighmount 2019s operating income revenues less expenses affected by revenue production expenses taxes depreciation depletion amortization expenses.\n expenses represent wells equipment.\n labor repairs maintenance materials supplies fuel.\n 2008 labor costs increased to higher salary levels.\n implemented retention programs compensation.\n production expenses affected by fuel materials supplies.\n higher cost environment continued.\n price natural gas declined operating expenses high.\n low commodity prices high expenses until december 2008 expenses costs.\n production ad valorem taxes increase when gas affected by production property values.\n calculates depletion using units-of-production method production.\n depletion expense affected by capital spending future development costs reserve changes drilling programs performance commodity prices.\n production sales statistics related operations.\ndecember 31 2008 2007\n gas production 78. 9 34.\n 72. 31.\n oil 351. 114.\n 3507. 1512.\n 102. 43.\n 95. 41.\n prices hedging\n gas mcf $ 8. 25 5. 95\n 51. 26.\n 95. 83. 37\n mcfe 8. 48"
}
{
    "_id": "dd4b93d66",
    "title": "",
    "text": "entergy arkansas.\n operating revenues fuel power expenses increased $ 114 million wholesale revenue average price energy resale affiliated customers $ 106. 1 million production cost allocation rider revenues july 2007.\n deferred fuel expense no effect net income.\n payments seven-month collections twelve-month.\n increase $ 58. 9 million fuel cost recovery revenues changes rider decreased usage.\n.\n offset decrease $ 14. 6 million volume.\n fuel purchased power expenses increased increase $ 106. 1 million deferred system agreement payments average market price purchased power.\n revenue fuel expenses gas resale power expenses regulatory credits.\n analysis change net revenue 2007 to 2006.\n.\n revenue.\n wholesale revenue.\n transmission revenue.\n deferred fuel costs revisions.\n.\n 2007 net revenue $ 1110.\n wholesale lower revenues third quarter 2006 order coal plant co-owner contract dispute re-pricing revisions 2003 $ 5. 9 million power agreements.\n transmission revenue higher rates new customers 2006.\n deferred fuel cost revisions 2006 energy cost recovery increased net revenue $ 6. million.\n $ 173. 1 million fuel cost recovery.\n.\n offset production cost allocation revenues $ 124. 1 million july 2007.\n"
}
{
    "_id": "dd4bf43a0",
    "title": "",
    "text": "relative percentages operating companies income loss segment.\n 2016 2015 2014\n smokeable products 86. 2%. 2 % 87. 4%. 4 %. 2%. 2 %\n smokeless products 13. 1 12. 8 13. 4\n 1. 8 7\n -1. 1. -2. 2. 3.\n 100. 0%. 0 %. 0%. 0 %. 0%. 0 %\n income note 16.\n operating results.\n financial condition results annual report form 10-k.\n tobacco altria group. operating companies pm usa usstc subsidiaries.\n sales distribution consumer engagement services.\n. smokeable tobacco products cigarettes machine made large cigars smokeless tobacco usstc innovative tobacco products e-vapor.\npm usa largest cigarette company cigarette shipment volume 122. 9 billion units 2016 decrease 2. 5%. 2015.\n marlboro principal largest-selling 40 years.\n sherman sells super-premium cigarettes.\n middleton manufacture machine-made large cigars pipe tobacco.\n sources cigars.\n shipment volume 1. 4 billion units 2016 increase 5. 9%. 2015.\n black & mild principal cigar brand.\n sources cigars sells cigars.\n smokeless tobacco leading producer marketer moist smokeless tobacco.\n.\n manufactured sold.\n shipment volume 853. 5 million units 2016 increase 4. 9%. from 2015.\n tobacco mark e-vapor developed products.\n overseas.\n-vapor.\n acquired e-vapor business green smoke.\naffiliates smoke selling e-vapor 2009.\n note 3.\n financial statements item 8 3.\n december 2013 altria group. subsidiaries agreements philip morris international.\n. exclusive license sell e-vapor products outside states. sell two heated tobacco platforms.\n july 2015.\n expansion strategic framework pmi joint research development technology-sharing agreement.\n. develop e-vapor products states. outside.\n exclusive technology licenses technical information sharing cooperation scientific assessment regulatory engagement approval e-vapor products.\n fourth quarter 2016 pmi submitted modified risk tobacco product application electronically heated tobacco product united states food drug administration pre-market tobacco application first quarter 2017.\n fda.\n. exclusive license sell tobacco product united.\nraw materials altria group. subsidiaries sell wholesalers armed services.\n market tobacco competitive brand recognition loyalty quality taste price innovation marketing packaging distribution.\n promotional activities"
}
{
    "_id": "dd4bc597e",
    "title": "",
    "text": "pnc financial services group.\n 2013 form 10-k 29 ii item 5 2013 market common equity stockholder matters issuer purchases equity securities common stock listed new york stock exchange traded symbol 201cpnc. close business february 15 2019 53986 shareholders.\n entitled receive dividends declared board directors funds.\n pay dividends until past periods capital paid.\n quarterly cash dividends.\n future dividends economic market conditions financial condition operating results contractual restrictions government regulations policies.\n dividend subject assessment capital adequacy planning federal reserve primary bank regulators.\n federal reserve dividends without approval.\ninformation dividend restrictions loans dividends advances bank subsidiaries parent company see supervision regulation section item 1 risk factors liquidity capital management 7 10 borrowed funds 15 equity 18 regulatory matters consolidated financial statements item 8.\n compensation plans pnc equity securities december 31 2018 12.\n stock transfer agent registrar computershare trust company.\n 250 royall street canton 800-982-7652. computershare. shareholders contact dividends shareholder services.\n common stock performance graph item 5.\n.\n.\n repurchases pnc common stock fourth quarter 2018 table total shares purchased average price paid share maximum number.\n october 1 2013 31 1204 $ 128. 43 1189 25663\n november 1 2013 30 1491 $ 133. 24172\ndecember 2013 3458 $ 119.\n 6153 $ 124.\n pnc common stock employee benefit plans forfeitures unvested stock payroll tax withholding.\n 11 benefit 12 stock compensation plans pnc.\n march 11 2015 approved stock repurchase 100 million shares pnc stock effective april 1 2015.\n repurchases open market privately transactions market economic conditions regulatory capital considerations alternative credit ratings contractual regulatory limitations assessment capital.\n 2018 share repurchase programs $ 2. 0 billion $ 300 million employee benefit plans.\n november 2018 $ 900 million additional share repurchases.\n aggregate repurchase price fourth quarter 2018 $. 8 billion.\n liquidity capital management risk 7 share repurchase programs july 1 2018 june 30 2019.\n."
}
{
    "_id": "dd4c26850",
    "title": "",
    "text": "business divestitures impairments strive market position.\n returns divest assets reallocate resources markets.\n divestitures gains losses asset charges results.\n 2018 net gain impairments $ 44. 9 million.\n 2017 $ 27. 1 million.\n $ 6. 8 million transfer ownership landfill gas post-closure environmental liabilities.\n charge earnings $ 4. 6 million environmental costs.\n net gain divestiture $ 4. 7 million.\n restructuring eliminated positions consolidation back-office national accounts support.\n reduction administrative staffing closure office locations.\n incurred restructuring charges $ 26. 4 million severance employee termination benefits closure offices-cancelable redesign back-office functions upgrades software systems.\n paid $ 24. 7 million restructuring.\n2016 realigned field support combining three regions two groups streamlining operational roles phoenix headquarters.\n second quarter 2016 redesign back-office consolidation 100 customer service locations three centers.\n upgrades continued 2018.\n 2017 2016 incurred $ 17. million $ 40. 7 million restructuring charges severance employee termination benefits transition costs relocation benefits closure offices non-cancelable.\n savings reinvested customer programs initiatives.\n debt discounts environmental risk insurance liabilities.\n expense debt capital lease obligations $ 349. $ 324.\n non-cash.\n capitalized -6.\n interest expense $ 383. $ 361. 371.\n increased 2017 debt higher interest rates floating.\n"
}
{
    "_id": "dd4bbd3f0",
    "title": "",
    "text": "consume energy may incur capital operating expenditures climate environmental regulations.\n incur liabilities fines enforcement actions resource damages cleanup closure costs third-party claims property damage personal injury environmental laws.\n foreign corrupt practices act 1977 anti-bribery laws prohibit improper payments decisions.\n internal control policies may protect from criminal acts employees.\n violations lead penalties damage reputation.\n subject labor employment laws regulations increase operating costs reduce operational flexibility.\n changing privacy laws united states privacy rights obligations exposure fines penalties.\n.\n no.\n.\n north.\n south america europe asia australia.\n lease offices atlanta ga.\n existing production capacity adequate demand plants equipment good condition.\n corporate operating facilities as of september 30 2019.\nfacilities owned leased\n corrugated packaging 112 61 173\n consumer packaging 84 55 139\n corporate regional offices 2014\n 196 126 322\n tables annual production capacity mill 30 2019 tons north charleston machine closure 2020.\n production rates vary hurricanes.\n mill system operating rates three years 94%.\n own mills."
}
{
    "_id": "dd4c50c54",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014 atc mexico stock option plan maintained stock option plan atc mexico subsidiary terminated february 2007.\n options officers directors no option activity outstanding options december 31 2006 2005.\n atc south america stock option plan maintained stock option plan atc south america subsidiary terminated february 2007.\n.\n december 31 2004 granted options purchase 6024 shares common stock officers employees.\n 6. 7%. 1. 6%. interest.\n options issued exercise price $ 1349 per share.\n fair market value board independent financial advisor.\n fair value south plan options 2004 $ 79 per share black-scholes option pricing model.\n options.\n sell interest atc america.\n interest.\n options expired ten years grant.\noctober 2005.\n require purchase interest atc south america options stock option plan exercised.\n holders received 4428 shares 7. 8%. interest 1596 shares tax withholding obligations.\n. maintains plan employees.\n purchased bi-annual 85% fair market value first.\n not 15% gross compensation not more $ 25000 year.\n offering periods june 1 november 30 december 1 may 31.\n 2007 2006 2005 employees purchased 48886 53210 50119 shares average prices per share $ 33. 93 $ 24. 98 $ 15. 32 .\n fair value estimated black-scholes pricing model expense recognized.\n fair value shares 2007 2006 2005 $ 9. 09 $ 6. 79 $ 5. 15 .\n december 31 shares reserved future issuance.\nassumptions pricing 31.\n 2006\n risk free interest rates 4. 98%. 98 % 20145. 05% %. 01% 17% % % 30% 30 %\n risk-free interest. 02%. %. 08%. %. 72%. 72 %\n shares 6 months\n volatility stock 27. 5%. 5 %. 7%. 7 % 29. 6%. 6 %. %. 8 %\n volatility. 2%. 2 %. 6 %. 30%. 30 %\n dividends"
}
{
    "_id": "dd4c326a0",
    "title": "",
    "text": "in loan table purchased distressed loans credit deterioration acquisition citigroup.\n difference between expected cash flows investments recognized in income level yield.\n excluded from impaired loan information.\n decreases cash flows distressed loan require allowance retains level yield.\n increases cash flows recognized as reduction allowance as income increasing level yield.\n distressed loan accounted for under cost recovery method.\n carrying amount loan portfolio at december 31 2009 was $ 825 million net of allowance $ 95 million.\n changes in accretable yield millions loan receivable allowance.\n yield\n balance $ 92 $ 1510\n purchases\n disposals/payments -5\n reductions allowance -21\n increase expected cash flows\n-7 2014\n balance december 31 2009 $ 27 920 95\n balance loan receivable $ 87 million purchased level-yield $ 242 million cost-recovery.\n fair value acquisition date.\n cash flows level-yield $ 101 million.\n balance $ million level $ 359 million cost-recovery."
}
{
    "_id": "dd4bb2d7e",
    "title": "",
    "text": "shareowner return performance graph material future filing securities act 1933 exchange act 1934.\n five year comparison shareowners 2019 returns class b common stock standard 500 index dow jones transportation average.\n quarterly stock price reinvested dividends $ 100 invested december 31 2010 standard 500 index dow jones transportation average class b common stock.\n/31/2010\n united parcel service. $ 100. $ 103. 107. 158. 171. 160.\n standard poor 500 index. 102. 118. 156. 178. $ 180.\n dow jones transportation average. 107. 151. $ 190. 158."
}
{
    "_id": "dd4c51b22",
    "title": "",
    "text": "marketaxess holdings.\n financial statements 2014 redemption requirements senior preferred shares series b stock convertible common stock 3. 33-for-one initial public offering.\n dividends 8% per annum subordinate dividend payments senior shares.\n liquidation preference equal original issue price plus dividends.\n.\n dividends forfeited conversion common.\n accrue dividends liquidation.\n december 31 2004 110000000 shares common stock 10000000 non-voting common stock.\n december 31 2003 120000000 450060 non-voting stock.\n entitles one vote per share.\n non-voting common stock convertible one-for-one common stock limitation conversion. 99%. outstanding shares common stock.\nmarch 30 2004 board authorized november 1 2004 effectuated one-for-three reverse stock split non-voting initial public offering.\n references financial statements securities convertible per share amounts restated.\n 2004 2003 1939734 1937141 shares employees.\n 2001 awarded 64001 289581 shares $. 003 $ 3. 60  per share.\n three-year promissory notes eleven-year interest federal rate collateralized shares.\n promissory note due 2004 repaid january 15 2005.\n compensation expense excess fair value recorded vesting period.\n years restricted transferability vesting schedule.\n eleven-year promissory notes 289581 loans $ 1042 chief executive officer 2001.\n loans prior sarbanes-oxley act 2002.\n 177973\n convertible preferred stock.\n2019 deficit restricted subscribed"
}
{
    "_id": "dd4bdce30",
    "title": "",
    "text": "aes corporation financial statements 2014 2011 2010 proceeds $ 234 million.\n gain disposal $ 6 million net tax 31 2010.\n asia generation.\n.\n november 28 2011 100% common stock dpl $ 3. 5 billion april 19 2011.\n dpl serves 500000 customers west central ohio dp&l energy resources.\n operates 3800 mw power generation energy services.\n acquisition strengthens.\n midwest.\n indianapolis power light company.\n funded purchase proceeds $ 1. 05 billion loan 2011 private offering $ 1. billion 2011 temporary borrowings $ 251 million proceeds private offerings $ 450 million. 50%. senior notes due 2016 $ 800 million. 25%. notes 2021 2011 dolphin subsidiary.\n201cdolphin wholly-owned subsidiary aes merged dpl.\n dpl.\n enterprise value $ 4719\n assumed long-term debt -1255 1255\n cash dpl stockholders 3464\n stock awards\n cash $ 3483"
}
{
    "_id": "dd4bc36b0",
    "title": "",
    "text": "december 31 2008 2007.\n securities assets collateral $ 27 billion $ 54 billion majority losses securities lending indemnifications.\n decrease with indemnifications.\n letters of credit company collateral $ 503 million $ 370 million 2008 2007.\n property losses guarantees indemnifications value not determined.\n citigroup evaluates guarantees internal external ratings.\n investment-grade ratings baa/bbb above below non-investment.\n ratings system.\n credits ratings not available.\n 201d category.\n maximum future payments guarantees credit derivatives notional amount contracts par assets guaranteed.\n ratings december 31 2008.\n notional amount guarantees recoveries recourse provisions collateral.\n anticipated losses guarantees.\nbillions dollars future payments investment non-investment not rated\n --------------------------------------------------\n financial standby letters credit $ 49. $ 28. $ 16. $ 94.\n performance guarantees 5. 16.\n derivative instruments guarantees 2014 67.\n guarantees contractual cash flows 2014.\n loans recourse.\n securities lending indemnifications 47. 6.\n credit card merchant processing 56.\n custody indemnifications 18. 5 3. 1 21.\n $ 73. $ 36. $ 194. $ 304.\n credit derivatives bilateral contract buyer seller protection credit risk.\n payments predefined credit events.\n defined limited market failure pay indebtedness bankruptcy debt restructuring.\ntransactions emerging market credits include settlement triggers indebtedness risk repudiation payment moratorium.\n protection on portfolio credits asset-backed securities.\n seller protection losses for losses.\n company trades credit derivatives.\n purchases or writes protection on single portfolio credits.\n uses derivatives mitigate credit risk corporate loan portfolio proprietary trading positions facilitate client transactions.\n derivatives includes credit default swaps total return swaps credit options.\n credit default swap protection seller buyer for losses due credit event.\n no credit default guarantor no receives fee.\n if credit event occurs.\n total return swap transfers economic performance reference asset cash flows capital appreciation.\n protection buyer receives interest depreciation from seller receives cash flows appreciation.\nbeneficiary obligated payment floating interest rate return swap agreement depreciation reference asset cash flows underlying.\n return swap default asset agreement protection seller buyer."
}
{
    "_id": "dd4c55b0a",
    "title": "",
    "text": "energy resources.\n cash flow increased $ 232. 1 million 2004 due income tax refunds $ 70. 6 million $ 230. 9 million 2003.\n offset money pool activity.\n domestic utility companies energy filed tax accounting method.\n simplified allocation overhead electricity.\n $ 430 million deduction 2003 tax.\n no cash benefit.\n 2004 $ 144 million cash tax benefit.\n.\n cash flow decreased $ 124. 8 million 2003 due increase federal income taxes $ 74. 0 million 2003 cessation entergy mississippi ggart.\n collected $ 21. 7 million 2003 $ 40. 8 million 2002 power.\n cessation ggart july 1 2003.\n money pool.\n receivables december 31.\n 2004 2003\n\n $ 61592 $ 19064 7046 13853\n money pool used $ 42. 5 million energy cash 2004 $ 12. million 2003 $ 6. 8 million 2002.\n note 4 utility companies statements.\n cash unchanged 2004 construction expenditures offset maturity $ 6. 5 million investments 2003.\n increase $ 16. 2 million net cash maturity $ 22. 4 million investments decommissioning trust contributions $ 8. 2 million investments $ 6. 5 million 2003.\n decrease construction expenditures $ 22. 1 million power uprate project."
}
{
    "_id": "dd4bd97ee",
    "title": "",
    "text": "republic services.\n financial statements 2014 2008 board directors amended.\n 2006 incentive stock plan allied waste industries.\n.\n stockholders approved may 2006.\n amended restated december 2008 republic services.\n new sponsor references. awards acquisition.\n non-qualified stock options incentive stock options restricted stock phantom stock bonuses appreciation rights performance awards dividend equivalents cash awards awards.\n granted 2008 fully vested nonforfeitable acquisition.\n after employees consultants allied waste industries.\n subsidiaries not employed.\n.\n december 31  2012 15. 5 million shares common stock reserved future grants.\n binomial option-pricing model.\n compensation expense service period retirement date.\n volatility based average recent year historical rolling average option.\n risk-free interest rate federal reserve rates bonds.\n historical data future option exercises. expected life.\n valuation.\n weighted-average values stock options 2012 2011 2010 $ 4. 77 5. 35 $ 5. 28 per option assumptions.\n volatility 27. 8%. 8 %. 3% 3 %. 6%. 6 %\n risk-free interest rate. 8%. 8 %. 7% 7 %. 4%. 4 %\n dividend yield. 2%. 2 %. 7% 7 %. 9% 9 %\n life.\n life."
}
{
    "_id": "dd4bebe26",
    "title": "",
    "text": "interest expense decreased $ 129 million. 2014 $ 63 million decrease special charges refinancing $ 65 million less interest expense.\n $ 29 million non-cash interest bankruptcy settlement obligations.\n $ 48 million post-petition interest unsecured obligations.\n $ 44 million debt extinguishment costs indebtedness non-cash write offs unamortized debt.\n 2013 refinancing early extinguishment. $ 65 million less interest expense.\n $ 153 million foreign currency losses $ 92 million early debt extinguishment charges $ 48 million.\n foreign currency losses $ 55 million early debt extinguishment charges $ 29 million.\n increased $ 69 million. due special charges early debt extinguishment foreign currency losses strengthening.\n american.\nrecorded $ 43 million charge venezuelan foreign currency losses 2014.\n part ii item 7a.\n risk venezuelan bolivars.\n american 2019s nonoperating items $ 48 million 2014 extinguishment. senior secured notes indebtedness.\n revenues expenses fees gains losses provisions chapter 11.\n table summarizes reorganization items statement 31 2013.\n labor-related claim $ 1733\n aircraft facility financing renegotiations rejections 320\n fair value conversion discount\n professional fees\n reorganization items $ 2640\n employees contributions reorganization reductions pay benefits employee deemed claim equity reorganized entity.\n cost savings.\n total value $ 1. 7 billion.\namounts include allowed estimated rejection modification financings aircraft entry orders unsecured facility agreements special facility revenue bonds.\n debtors recorded estimated claim rejection modification motion filed"
}
{
    "_id": "dd49797ec",
    "title": "",
    "text": "long-term borrowings carrying fair value estimated market prices december 31 2013 maturity amount unamortized discount carrying value fair value.\n 3. 50%. 50 %\n 1. 375%. 375 % 2015\n 6. 25%. 25 %\n.\n 4. 25%. 25 % 2021\n 3. 375%. 375 % 2022\n long-term borrowings\n december 31 2012 carrying value $ 5. 687 billion fair value $ 6. 275 billion market prices december 2012.\n.\n issued $ 1. 5 billion unsecured unsubordinated obligations.\n senior debt securities $ 750 million 1. 375% 1. 375 % 2015 $ 750 million 3. 375%. 375 % 2022.\nproceeds repurchase blackrock 2019s common stock series b barclays purposes.\n interest 2015 2022 notes $ 10 million $ 25 million year payable-annually june 1 december 1 commenced 2012.\n 2015 2022 redeemed maturity redemption price.\n par value present value future payments early redemption.\n 2015 2022 notes issued discount $ 5 million amortized term.\n $ 7 million debt issuance costs amortized.\n $ 5 million unamortized debt costs.\n.\n issued $ 1. 5 billion unsecured obligations.\n senior debt securities $ 750 million 4. 25%. notes 2021 $ 750 million floating rate notes repaid may 2013 maturity.\n proceeds repurchase blackrock 2019s series merrill lynch.\n.\n interest.25 % notes due 2021 payable semi-annually may november 24 commenced 2011 $ 32 million per year.\n notes redeemed maturity redemption price.\n notes issued discount $ 4 million amortized term.\n incurred $ 7 million debt issuance costs $ 1. 5 billion amortized.\n 2013 $ 3 million unamortized debt.\n $ 750 million interest rate swap future cash flows rate 1.\n second quarter 2013 swap matured 2013 notes repaid.\n 2012 2014 2019.\n 2009 issued $ 2. 5 billion unsecured unsubordinated obligations.\n senior debt securities $. billion. 25%. notes repaid december 2012. 50%. 2014 2019.\n proceeds repay borrowings program acquisition barclays global investors corporate purposes.\n2014 2019 $ 35 million $ 50 million year payable semi-annually june december 10.\n redeemed maturity redemption price.\n issued discount $ 5 million amortized terms.\n incurred $ 13 million debt issuance costs amortized.\n 31 2013 $ 4 million unamortized debt.\n.\n issued $ 700 million. 25%. unsecured notes 15 2017.\n net proceeds acquisition remainder corporate purposes.\n payable semi-annually march september 15 $ 44 million per year.\n 2017 notes redeemed"
}
{
    "_id": "dd497947c",
    "title": "",
    "text": "abiomed.\n subsidiaries financial statements 2014 applies disclosure provisions.\n 45 guarantor requirements guarantees indebtedness fasb statements.\n 5 57 107 rescission.\n 34.\n agreements guarantee indemnification clauses.\n disclosure provisions expand.\n contingencies guarantors disclose guarantees.\n company guarantor.\n product warranties accrues estimated warranty costs sales.\n products regulation quality standards.\n results cost exceeds estimated warranty.\n patent indemnifications indemnifies patent infringement.\n limits.\n incurred costs defend lawsuits patent infringement claims.\n.\n intellectual property indemnifications disclosure.\n leases facilities facility danvers massachusetts terms 2010.\n lease extended five years monthly rent charges rental values.\ncompany 2019s lease aachen expires august 2008 option four years.\n december 2005 closed office facility netherlands $ 58000 remaining lease term.\n rent expense leases $ 821000 $ 824000 $ 1262000 fiscal years 2004 2005 2006.\n future minimum lease payments non-cancelable leases.\n 2007 1703\n 2008 1371\n 2009 1035\n 2010 710\n future minimum lease payments $ 4819\n company involved legal administrative proceedings claims.\n outcome financial position cash flow results.\n may 15 2006 richard.\n filed demand arbitration boston american arbitration association"
}
{
    "_id": "dd4c09098",
    "title": "",
    "text": "undeveloped reserves 31 2013 627 reported increase 56 2012.\n table shows 2013.\n 571\n revisions estimates 4\n improved recovery 7\n purchases 16\n extensions additions 142\n dispositions -4\n transfer -109\n end year\n additions reserves 72 eagle ford 49 bakken drilling.\n transfers 57 eagle ford 18 bakken 7 oklahoma basins.\n costs 2013 2012 2011 $ 2536 million $ 1995 million $ 1107 million.\n 59 mmboe booked technology.\n statistical analysis decline curve analysis rate transient analysis reservoir simulation volumetric analysis.\n reservoir continuity certainty criteria booking reserves.\n projects five compression.\n 627 reserves 2013 24 percent volume projects more five years.\n majority related compression project.\nsanctioned by board 2004.\n timing installation compression driven by reservoir performance maximum production.\n exceeded expectations.\n dry gas increased 10 percent 2004 2010.\n compression project approval.\n government completion mid-2016.\n infill well approved 2013 drilled late 2014.\n north gialo libyan sahara desert booked 2010.\n five years executed by operator continuous drilling program design liquid handling gas recycling facilities.\n execution five years.\n civil unrest 2011 labor strikes 2013 extended duration.\n no reserves five years.\n future development costs 2018 $ 2894 million $ 2567 million $ 2020 million $ 1452 million $ 575 million.\ntiming future projects costs undeveloped hydrocarbon natural gas synthetic crude oil reserves based assumptions commodity prices data economic recoverability technology drilling success conditions cash flow production experience considerations.\n recoveries timing costs."
}
{
    "_id": "dd4c001dc",
    "title": "",
    "text": "size sq.\n. segment majority owned or leased.\n sq. orleased\n hamilton new zealand\n calgary alberta canada\n kwinana australia\n revesby australia\n yangsan\n cisterna italy\n rovigo italy\n cuautitlan mexico\n barueri brazil\n mullingar ireland\n malta\n manufacturing facilities adequate production needs.\n invest operations add capacity.\n distribution centers.\n operate distribution centers leased utilize third party logistics providers.\n 2016 corporate headquarters three buildings downtown.\n minnesota.\n main 19-story building leased through june 30 2018.\n second leased through 2019.\n vacate current leased buildings 2018.\n third building owned.\necolab acquired 17-story tower travelers indemnity company downtown.\n minnesota 2015.\n corporate headquarters 2017.\n 90 acre campus eagan minnesota future growth.\n houses research development center data center training facilities administrative functions.\n business presence naperville illinois administrative offices research center.\n acquired interest trust 2015.\n energy segment maintains administrative research facilities sugar land texas fresno texas.\n construction 133000 square-foot headquarters completed 2016 renovation 45000 square-foot research facilities.\n facilities leiden netherlands campinas brazil pune india monheim germany singapore shanghai zurich switzerland.\n small leased sales offices united states other.\n.\n legal proceedings.\n.proceedings part i item 1 regulatory incorporated.\n.\n mine safety disclosures.\n."
}
{
    "_id": "dd4b9c33a",
    "title": "",
    "text": "part ii item 5 market 2019s equity stockholder matters issuer purchases securities motorola 2019s common stock listed new york chicago stock exchanges.\n stockholders january 31 2008 79907.\n securities equity compensation plans compensation plan motorola 2019s proxy statement 2008 annual meeting.\n note 16 201cquarterly financial data consolidated financial statements 8 financial statements data.\n table acquisitions common stock quarter december 31 2007.\n issuer purchases equity securities number shares purchased average price paid per share plans maximum value.\n average price paid share maximum value\n 9/30/07 to 10/26/07 2972951 $ 18. 84 2964225 $ 4267375081\n 10/27/07 to 11/23/07 5709917 $ 17.5706600 $ 4169061854\n 11/24/07 12/31/07 25064045. 3767061887\n 33746913 $. 33734870\n 2006 stock repurchase program equity compensation plans 12043 shares motorola common stock tax vesting restricted stock.\n july 24 2006 march 21 2007 authorized repurchase $ 7. 5 billion common stock june 2009 market conditions.\n average price execution price excluding commissions."
}
{
    "_id": "dd4c194a2",
    "title": "",
    "text": "company receives foreign tax credit ) against.\n tax liability for foreign taxes including separate account assets.\n ftc estimated recent return adjusted for allocation investments international equity markets.\n actual ftc vary.\n company recorded benefits $ 16  $ 11 $ 17 ftc 2008 2007 2006.\n tax returns $ 4 $ 0 $ 7 2008 2007 2006.\n unrecognized tax benefits increased $ 15 2008 2007 2008 total $ 91 december 31 2008.\n effective tax rate.\n per past three years note 2 financial statements.\n projections forward-looking information 201coutlook 201d sections.\n statements future financial performance.\n estimates based private securities litigation reform act 1995 subject to precautionary statements md&a.\nresults likely differ from forecast company depending on factors 201coutlook 201d section item 1a.\n 2008 company negatively impacted by global financial markets economic conditions.\n rating downgrades.\n 1a.\n management market retirement products expand retirement.\n boom generation saving retirement uncertainty social security system increases average life expectancy.\n industry lower variable annuity sales market turbulence uncertainty.\n financial system.\n increasing claim costs cost volatility hedging programs capital living benefit guarantees.\n companies price guaranteed living benefits guarantees.\n 2009 company intends adjust pricing reduce risks variable annuity product explore risk limiting techniques increased hedging.\n competitor reaction difficult may result decline retail market share.\n declines equity markets increased volatility impact cost effectiveness gmwb hedging program.\nequity market volatility losses hedging program.\n equity risk management.\n volatile equity markets policyholders allocate variable assets fixed options deposits.\n fourth quarter 2008 increase fixed.\n earnings per share $ -8. 99 $ 9. 32\n diluted earnings losses $ -8. $ 9. 24 $ 8.\n common shares 306. 316. 308.\n potential 306. 319. 315.\n 306. 319. 315"
}
{
    "_id": "dd4bc2f30",
    "title": "",
    "text": "consolidated financial statements 2014commitments contingencies provide renewal options 3 to 7 years.\n leases retail space 5 to 20 years majority 10 years multi-year renewal options.\n september 2007 lease payments noncancelable $ 1. 4 billion $ 1. 1 billion leases retail space.\n rent expense $ 151 million $ 138 million $ 140 million 2007 2006 2005.\n lease payments noncancelable year years.\n 2008 155\n 2009 172\n 2010\n 2011\n 2012\n lease payments $ 1425\n basic parts labor warranty hardware products.\n one year purchase.\n 90-day warranty service parts.\n estimated cost.\n installed base claim rates cost-per-claim product failures.\n warranty liabilities adjusts amounts experience future estimates.\nproducts subscription accounting.\n company recognizes warranty expense incurred.\n provides updates applications software compliance.\n estimated cost updates warranty costs software revenue.\n factors units delivered updates expected historical future cost resources."
}
{
    "_id": "dd4c596a6",
    "title": "",
    "text": "inc.\n statements amortization expense intangible assets 75 million 2017 77 million 2016 93 million 2015.\n amortization expense five years.\n 2018\n 2019\n 2020\n 2021\n 2022"
}
{
    "_id": "dd4970f84",
    "title": "",
    "text": "last-in first-out method continental.\n valued.\n approximates replacement cost.\n lower.\n.\n december 31.\n finished products $ 988. $ 1211.\n process 2628. 2697\n raw materials supplies 506. 488\n replacement cost 4122. 4397.\n lifo cost.\n 4111. 4458.\n inventories valued lifo method $ 1. 57 billion $ 1. 56 billion total inventories december 31 2018 2017.\n credit risk trade receivables interest- bearing investments.\n wholesale distributors life-science products receivables collateral not required.\n mitigate risk credit-review procedures insurance.\n portion cash major financial institutions.\n monitor expect meet obligations.\n investments corporate debt securities.\n credit exposure institution.\nexposed to credit losses nonperformance counterparties risk-management expect high credit ratings.\n consider liquid investments three months or less cash equivalents.\n cost approximates fair value.\n equity investments accounted three methods investments accounted equity method earnings losses reported other-net expense.\n measure at cost impairment.\n change value recorded.\n public equity investments measured carried fair value.\n.\n review equity investments for impairment.\n derivative activities initiated corporate risk-management policies offset losses gains assets liabilities transactions.\n reviews correlation effectiveness derivatives quarterly."
}
{
    "_id": "dd4b956fc",
    "title": "",
    "text": "administrative expense.\n eliminated 749 positions.\n incurred $ 54. million net expenses cash.\n recorded $. 4 million restructuring charges reduced $. million 2017 $ 54. million 2016.\n.\n 2015 project century north american manufacturing network capacity reductions.\n broadened supply chain.\n approved restructuring plan manufacturing facilities australia berwick united kingdom new zealand.\n 287 positions incurred $ 31. 8 million net expenses $ 12 million cash.\n $ 1. million charges 2017 $ 30. million 2016\n.\n restructuring plan west chicago illinois plant.\n 484 positions incurred $ 109. million net expenses $ 21 million cash.\n $ 6. million 2018 $ 23. million 2017 $ 79. million 2016.\n.\n restructuring plan close joplin missouri plant.\naction affected 125 positions incurred $ 8. million expenses less than $ 1 million.\n recorded. 4 million restructuring charges 2018. 3 2017 6. 2016.\n completed.\n paid cash restructuring $ 53. 6 million 2018 107. 8 million 2017 122. 6 million 2016.\n incur $ 130 million project-related costs recorded.\n $ 11. 3 million 2018 43. 9 million 2017 57. 5 million.\n $ 10. 9 million 2018 46. 9 million 2017 54. 5 million 2016.\n completed 2019.\n charges costs consolidated statements earnings.\n sales $ 14. 41.\n.\n.\n-related costs $ 11."
}
{
    "_id": "dd4c2eb4a",
    "title": "",
    "text": "p r t 2 0 0 4 gas transportation costs demand products oil natural gas ngls.\n 2019s revenues to sales processing transportation commodities.\n financial results influenced by price volatility.\n estimates for future production market demand prices profitable production.\n assurance.\n canadian production subject to government royalties.\n price fluctuations affect production.\n international production governed by payout agreements.\n attained production reserves.\n estimates future processing transport demand.\n no assurance stability.\n production transportation processing marketing oil gas complex.\n mechanical failure human error meteorological events.\n forward-looking statements demand conditions for 2019s oil natural gas ngls 2005 similar to 2004.\n dollar amounts expressed in.\n dollars.\n canadian operations converted to.\nprojected 2005 exchange rate $ 0.\n to $ 1. 00 canadian.\n 2005 exchange rate may vary estimate.\n variations estimates.\n completed major property acquisitions dispositions opportunity driven.\n data excludes financial operating effects potential property acquisitions divestitures 201cproperty acquisitions divestitures 2005.\n timing results difficult predict may vary.\n areas 2005 estimates production price differentials capital expenditures for areas united states onshore offshore canada international.\n 2005 operating estimates oil gas production operating costs based on devon properties sale.\n estimates exclude potential sale properties.\n gas production individual estimates 2005.\n 2005 production total 217.\n 92% from reserves at december 31 2004.\n 2005 total 60 mmbbls.\n95% reserves december 31 2004.\n expected production area.\n united states onshore\n offshore\n canada\n international\n oil prices 2013 devon fixed price 2005 oil production.\n table fixed-price production area.\n prices adjusted transportation costs devon."
}
{
    "_id": "dd4be7b28",
    "title": "",
    "text": "i o n 2 2 0 0 2 consolidated financial statements company recognizes income long-term construction contracts general percentage of completion method.\n profits recorded estimates percentage completion progress results.\n estimated earnings accrued estimates completion contract expenditures.\n property sales gains from depreciated property recognized financial accounting standards.\n included in earnings sales land depreciable property dispositions net impairment adjustment operations.\n gains losses from sale property sale recognized sfas 66 included in construction management development activity income.\n net income per common share computed income by weighted average number common shares period.\n diluted net income income minority interest earnings average potential common shares.\ntable reconciles basic diluted net income per share series d stock series g limited partner units anti-dilutive 31 2002 2001 2000 no conversion to common shares in dilutive potential common shares.\n 2002 company redeemed series g units $ 35. 0 million.\n joint venture partner option convert ownership to common shares.\n option earnings per share dilutive december 31 2001 conversion to common shares included in dilutive potential common shares.\n company real estate investment trust.\n meet requirements 90% taxable income to stockholders.\n reit status.\n entitled tax deduction for dividends.\n subject federal taxes equal taxable income stockholders.\n reit subject federal taxes income.\n qualify four subsequent years.\n reit qualification reduces state local taxes paid.\ncompany 2019s financial statements include subsidiaries dividends subject taxes.\n federal excise taxes transactions.\n 2001\n net income common shares $ 161272 229967 212958\n venture income 2014\n minority interest earnings 18568 32463 32071\n diluted net income $ 179840 $ 265853 245029\n 133981 129660 126836\n 15442 18301 19070\n 2092\n dilutive shares stock-based compensation plans 1416 1657 1535\n 150839 151710"
}
{
    "_id": "dd4c53a80",
    "title": "",
    "text": "commenced by california attorney general providing customers transparency pricing product alternatives foreign exchange requirements.\n disclosures pricing electing other foreign exchange options revenue profitability.\n to claims financial loss reputational damage regulatory scrutiny transacting purchases redemptions unregistered cash collateral pools net asset value $ 1. 00 per unit.\n portion cash collateral invested in pools manage.\n interests held by unaffiliated customers registered unregistered investment funds.\n pools registered under required maintain constant net asset value $ 1. 00 per unit.\n remainder not.\n maintain constant net asset value $ 1. 00 per unit.\n securities lending operations direct lending program for third-party investment managers investment funds managed by ssga.\ntable shows net asset values unregistered direct lending pools ssga lending funds constant net asset value $ 1. 00 per billions december 2009 2008 2007.\n 2009 2008 2007\n direct lending pools $ 85 $ 150\n ssga lending funds 24\n ssga lending funds until october 2008.\n balances december 31 2007 included excluded."
}
{
    "_id": "dd4c14cea",
    "title": "",
    "text": "act 1933 section 1145 united states code.\n no underwriters engaged.\n three months december 31 2008 issued 7173456 shares common stock $ 147. 1 million 3.%. notes.\n holders. receive 48. 7805 shares common stock $ 1000 converted.\n paid $ 3. 7 million accrued unpaid interest discounted future interest payments.\n shares issued exemption registration section 3 9 securities act 1933.\n no underwriters engaged.\n months december 31 2008 repurchased 2784221 shares common stock $ 79. 4 million fees announced stock repurchase program total number shares purchased average price paid share dollar value.\n average price paid dollar value\n october 2008 1379180 $ 30. $ 1005.\n november 2008 1315800 $ 26. 51 970.\n december 2008 89241 $ 27. $ 967.\n fourth quarter 2784221 $ 28. 53 $ 967.\n repurchases $ 1. 5 billion stock repurchase program february 2008.\n management purchase shares prevailing prices securities laws requirements subject market conditions.\n trading plan rule 10b5-1 exchange act.\n program.\n fourth quarter 2008 reduced purchases common stock downturn disruptions financial credit markets.\n december 31 2008 repurchased 28000 shares $ 0. 8 million  commissions fees.\n market conditions."
}
{
    "_id": "dd4bbe44e",
    "title": "",
    "text": "fortron industries llc.\n leading global producer pps ae brand used automotive applications heat chemical resistance.\n facility wilmington north carolina.\n combines sales marketing distribution compounding manufacturing expertise celanese pps polymer technology kureha america.\n cellulose derivatives ventures.\n fund operations operating cash flow pay dividends based performance.\n 2014 2013 2012 received cash dividends $ 115 million $ 92 million $ 83 million.\n ownership interest ventures exceeds 20% cost method accounting local government investment inability financial information accounting principles.\n.\n indirect ownership interests german infraserv groups industrial parks support.\n ownership equity investments december 31 2014.\n.\n.\n.\ndevelopment businesses innovation-oriented optimize production technologies products applications.\n research development expense $ 86 million $ 85 million $ 104 million years 2014 2013 2012.\n sufficient strategic initiatives.\n confidential information patents trademarks copyrights preserve investment research development manufacturing marketing.\n patents processes equipment products uses.\n register trademarks brand names.\n.\n new substances formulations unique applications production processes.\n business regions intellectual property protection limited.\n.\n security policies.\n data encryption controls disclosure trade secrets employee awareness training.\n trademarks.\naoplus ateva avicor britecoat celanese celcon celfx 2122 celvolit clarifoil duroset ecovae factor fortron gur hostaform impet mowilith nutrinova qorus 2122 riteflex sunett tcx 2122 thermx tufcor vantage 2122 vectra vinamul vitaldose zenite products services trademarks marks.\n.\n fortron ae trademark fortron industries."
}
{
    "_id": "dd4b9ab8e",
    "title": "",
    "text": "primary beneficiary deconsolidated entities.\n 31 2010 held 36% 36 % interest juniperus equity.\n potential loss limited investment $ 73 million juniperus recorded.\n provided financing juniperus required.\n juniperus jchl assets liabilities $ 121 million $ 22 million december 31 2008.\n recognized $ 36 million pretax income juniperus jchl.\n $ 16 million after-tax income-controlling.\n owned 85% 85 % ) equity globe re reinsurance coverage property catastrophe contracts 2009.\n consolidated globe re primary beneficiary.\n repaid $ 100 million short-term debt equity investment 2009.\n recognized $ 2 million after-tax income 2009.\n liquidated third quarter 2009.\n clients risk solutions advisor insurance reinsurance broker.\n2022 hr solutions partners complex benefits talent financial challenges business performance designing human capital retirement investment health care compensation talent management strategies.\n risk solutions.\n years december 31, 2010 2009 2008\n revenue $ 6423 $ 6305 $ 6197\n operating income 1194\n operating margin 18. 6%. 3%. 7%.\n demand property casualty insurance rises economic activity increases falls commissions fees brokerage.\n employment corporate revenue asset values.\n.\n premium rates commission revenues competition underwriting capacity.\n changes premiums insurance brokerage industry"
}
{
    "_id": "dd4ba6754",
    "title": "",
    "text": "segment earnings $ 709 million 2007 compared $ 787 million 2006.\n decrease due to gross margin lower sales iden infrastructure equipment competitive pricing gsm infrastructure equipment increased sales digital entertainment devices reversal reorganization.\n sg&a expenses increased acquired businesses offset cost-reduction.\n r&d expenditures decreased investment digital entertainment wimax.\n gross margin sg&a expenses r&d expenditures operating margin decreased.\n sales top five customers 43% net sales.\n backlog $ 2. 6 billion december 31 2007 $ 3. 2 billion 2006.\n demand depends capital spending broadband operators communications systems services.\n shipping digital set-tops separable security requirement.\n.\n cable service providers accelerated purchases set-tops.\n2007 digital video customers increased purchases products due to demand digital entertainment devices hd/dvr devices.\n acquisitions netopia. broadband equipment provider tut systems. edge routing video encoders modulus video. mpeg-4 coding systems terayon communication systems. real-time digital video networking applications leapstone systems. provider intelligent multimedia content management applications.\n acquisitions enhance end-to-end systems advanced video voice data services.\n december 2007 motorola ecc to emerson for $ 346 million.\n enterprise mobility solutions segment designs manufactures sells installs services analog digital two-way radio voice data communications products systems wireless broadband public safety agencies retail energy transportation manufacturing healthcare commercial customers.\n2008 segment 2019s net sales 27% 27 % company consolidated net sales compared 21% 21 % 2007 13% 13 % 2006.\n 31 change.\n net sales $ 8093 $ 7729 $ 5400 5% 5 % 43% 43 %\n operating earnings 1496 23% 23 % %\n 20142008 2019s net sales increased 5% 5 % $ 8. 1 billion $ 7. 7 billion 2007.\n increase 8% 8 % increase government public safety market offset 2% 2 % decrease commercial enterprise market.\n increase driven increased net sales outside north america sales vertex standard co. 2008 offset lower net sales north america.\n net sales higher emea asia latin america lower north america.\n financial"
}
{
    "_id": "dd4c5937c",
    "title": "",
    "text": "worldview-3 contracts james webb space telescope joint polar satellite system global precipitation-microwave imager weather forecasting antennas sensors joint strike fighter.\n earnings 2010 increased $ 8. 4 million fixed-price program performance higher sales offset program reductions.\n earnings down $ 14. 8 million programs reduced activity.\n shares qinetiq $ 10. 5 million $ 1. 8 million.\n services australian department defense.\n pretax gain $ 7. 1 million.\n.\n 96 percent sales 2010 94 percent 2009 91 percent 2008.\n backlog aerospace $ 989 million $ 518 million.\n increase worldview-3 joint polar satellite system contracts.\n.\n proceeds $ 280 million.\n $ 15 million contingent consideration preliminary adjustments $ 18. 5 million quarter.\nplastics packaging business five.\n plants polyethylene terephthalate polypropylene bottles customer contracts assets.\n 1000 sales $ 635 million 2009.\n manufacturing plants ames iowa batavia illinois bellevue ohio california delran new jersey.\n research development operations broomfield westminster colorado.\n table operating results discontinued operations december 31.\n 2010 2009 2008\n net sales $ 318. $ 634. $ 735.\n earnings operations $ 3. $ 19. $ 18.\n gain sale business.\n loss asset impairment.\n consolidation.\n gain.\n tax benefit.\n discontinued operations net tax -74. 4\n net charges plastics packaging manufacturing plants.\n note 2 financial statements.\ncharges consolidation activities estimates management from information.\n outcomes vary differences reflected in earnings consolidation gains losses.\n details activities costs note 5 financial statements."
}
{
    "_id": "dd4c276ce",
    "title": "",
    "text": "12.\n security ownership owners management stockholder matters.\n information 201csecurity ownership 2017 proxy statement incorporated form 10-k.\n equity compensation plan information table equity compensation plans issuance shares lockheed martin common stock employees directors.\n december 31 2016.\n category securities issued options warrants rights price future issuance approved 5802673 $ 85. 82 6216471 plans not approved 1082347 2014 2481032.\n securities options warrants rights-average price securities future issuance\n plans approved 5802673 $. 6216471\n not approved 1082347 2481032\n 6885020 $. 8697503\ncolumn includes december 31 2016 1747151 shares granted restricted stock units 936308 shares earned performance stock units 2967046 shares options 2011 23346 shares 128822 stock units payable stock cash 2009 directors equity plan.\n column c 5751655 shares future issuance 2011 ipa plan options stock appreciation rights restricted stock awards rsus psus 464816 shares directors equity plan stock options stock units.\n 516653 236654 shares issuable grants january 26 2017 rsus psus earned payable three-year performance.\n average price shares rsus psus.\n shares represent annual incentive bonuses performance payments earned deferred.\n deferred amounts payable compensation plan.\n credited as phantom stock units closing price.\nequal to dividend credited as stock units.\n termination employment shares stock equal to units to employee dmicp account distributed to.\n no discount value transfer on stock.\n distributions from newly issued or purchased open market.\n distributions from separate trust dilute common shares.\n not considered in weighted average exercise price.\n dmicp shares outstanding included in dilution calculation.\n item 13.\n relationships related transactions director independence.\n under 201ccorporate governance 2013 policy.\n item 14.\n accountant fees services.\n under 201cproposal 2013 independent auditors."
}
{
    "_id": "dd49901cc",
    "title": "",
    "text": "2014 annual report performance graph five-year period june 30 2014 market performance common stock s & p 500 index peer companies 5 year return jack henry associates. s&p 500 index peer group line graph values.\n 2013\n. 148. 173. 240. 307.\n. 150. 176. 220. 275.\n. 159. 171. 198. 273.\n. 149. 157. 190. 236.\n comparison assumes $ 100 invested june 30 2009 reinvestments dividends.\n returns calculated market capitalization peer group members.\n peer companies computer software hardware services financial institutions.\n 2014 changed peer group.\n aci worldwide. bottomline. broadridge financial cardtronics. convergys. corelogic. dst. euronet.isaac. fidelity information services. global payments. heartland payment. micros. moneygram. ss&c technologies. total systems. tyler. verifone.\n aci. bottomline. cerner. dst systems. euronet. isaac. fidelity information services. investments telecommunications systems. tyler technologies."
}
{
    "_id": "dd4ba96ca",
    "title": "",
    "text": "unrecognized tax benefit permanent differences state tax matters.\n liability uncertain tax positions increase or decrease next twelve months tax 2019 exams expiration statutes limitations.\n liability decrease $ 5 million twelve months.\n consolidated income tax returns pnc financial services group.\n subsidiaries 2003 audited revenue resolved disputed matters.\n examining 2004 2006 returns.\n.\n national city corporation agreement resolution disputed matters.\n.\n examining 2005 through 2007 returns 2008 return audited.\n new york jersey maryland city subject state local income tax acquisition.\n new york closing 2002 to 2004 audit auditing 2005 2006.\n new york city auditing 2004.\n 2002 2003.\n blackrock included in tax filings tax liability.\n years 2004 new jersey 2005 maryland.\nnational city subject state tax california florida illinois indiana missouri.\n audits california illinois missouri.\n tax.\n authorities.\n interest penalties.\n january 1 2008 accrued $ 91 million interest tax cross-border leasing transactions.\n total accrued interest penalties december 31 2008 $ 164 million.\n leasing interest decreased payment $ 73 million net increase acquisition national city.\n financial information blackrock.\n 31\n assets $ 19924 $ 22561\n liabilities $ 7367 $ 10387\n non-controlling interest\n equity 12066\n revenue $ 5064 $ 4845\n expenses 3471\n operating income 1593 1294\n non-operating income\n before taxes non interest\n 388\ninterest -155 155 ) 364\n net income $ 786 $ 995\n 23 regulatory matters federal state examinations.\n business initiatives dividends deposit insurance costs regulatory oversight financial institution capital strength.\n minimum regulatory capital ratios 4% 1 risk 8% total risk 4% leverage.\n higher capital.\n capital ratios 6% 1 10% total 5% leverage.\n december 2008 2007 subsidiaries met capital ratio requirements."
}
{
    "_id": "dd4bb6e6a",
    "title": "",
    "text": "realty trust statements.\n redeemable noncontrolling interests recorded carrying redemption value.\n changes charged capital.\n table interests.\n.\n balance december 31 2009 $ 1251628\n income 55228\n distributions -53515\n conversion units common shares -126764\n adjustment 191826\n redemption d-12 units -13000\n balance december 31 2010 1327974\n income 55912\n distributions -50865\n conversion common shares -64830\n adjustment -98092\n redemption d-11 units -28000\n balance december 31 2011 $ 1160677\n noncontrolling interests exclude series g convertible preferred units d-13 accounted liabilities common shares.\nvalue units liabilities balance $ 54865000 $ 55097000 december 2011 2010."
}
{
    "_id": "dd4bd3d9e",
    "title": "",
    "text": "consolidated financial statements 2014 amounts millions share settlement 2008 investigation 2002 financial reporting practices settlement charge $ 12.\n investment impairments 2007 charge $ 5. 8 $ 12. 5 investment auction rate securities total investment.\n information.\n intangible assets goodwill excess purchase price liabilities.\n changes carrying value goodwill segment years december 31 2008 2007.\n balance december 31 2006 $ 2632. 5 $ 435. 3067. 8\n year acquisitions.\n contingent deferred payments acquisitions.\n business dispositions.\n foreign currency.\n balance december 31 2007 2789. 441 3231.\n current year acquisitions.\n contingent deferred payments prior acquisitions.\n business dispositions.\n foreign currency.9 13. -141. 6.\n balance december 31 2008 $ 2790. $ 430. 9 $ 3220.\n fourth quarter 2008 stock price declined market capitalization less than book value december 31.\n decline fair value units below book value interim impairment test goodwill.\n no impairment goodwill.\n monitor stock price market capitalization fair values 2009.\n annual reviews 2006 discounted future cash flow projections implied fair value goodwill less than book value due client losses goodwill impairment charge $ 27. 2 2006.\n intangible assets indefinite lives lives.\n non-compete agreements license costs trade names customer lists.\n lives"
}
{
    "_id": "dd4c4ba38",
    "title": "",
    "text": "no statutory restrictions payment dividends retained earnings bermuda subsidiaries minimum statutory capital surplus requirements satisfied by share additional paid-in capital.\n.\n subsidiaries file financial statements statutory accounting practices insurance.\n differs reinsurance contracts investments subsidiaries acquis expenses fixed assets deferred income taxes items.\n capital surplus.\n 2008 2007 2006.\n dividends 2009 $ 835 million.\n combined statutory capital surplus net income bermuda.\n subsidiaries years december 31 2008 2007 2006.\n.\n statutory capital surplus $ 7001 $ 8579 $ 7605 $ 5337 5321\n net income $ 684  $ 1535 $ 798 $ 873 $ 724\npermitted by restructuring company 2019s.\n subsidiaries discount a&e liabilities increased capital surplus $ 211 million $ 140 million $ 157 million december 31 2008 2007 2006.\n subsidiaries prepare financial statements local laws.\n jurisdictions.\n licenses.\n subject to reserves capital solvency tests.\n fines criminal sanctions for violation.\n personnel expenses $ 1. 4 billion 2008 $ 1. 1 billion 2007 2006.\n amortization expense property $ 90 million $ 77 million $ 64 million.\n fire insurance values property equipment $ 680 million $ 464 million at 2008 2007.\n risk assessment management risks financial internal control over financial reporting.\n reliability reporting financial statements.\nboard through audit committee not officers employees financial reporting assets against unauthorized acquisition disposition.\n audit committee meets management accountants internal auditor approves audit work fee arrangements reviews audit reports.\n accountants internal auditor meet separately results audits internal control financial reporting safeguarding assets against unauthorized acquisition.\n management operational risks sets policies.\n."
}
{
    "_id": "dd4c24e1a",
    "title": "",
    "text": "equity securities january 2017 authorized repurchase common stock $ 525 million.\n december 29 2018 $ 175 million.\n february 2019 authorized additional repurchase $ 500. million.\n timing repurchases subject business market conditions corporate regulatory requirements stock price acquisition opportunities.\n table presents repurchases authorization shares surrendered income tax months december 29 2018 total number shares purchased average price paid share publicly plan maximum dollar value repurchase september 30 2018 2013 november 3 $ 42. 495543 $ 254 650048. 623692 $ 226 1327657. 1203690 175.\n total averageprice paidper share maximum dollarvalue repurchase\n november 3 543900 $ 42. 495543\n 650048. 623692\n 1327657.61 1203690 $ 175\n 2521605 $ 43. 10 2322925\n shares repurchase programs employee surrender restricted stock income tax reduce dollar value.\n average price share stock commissions."
}
{
    "_id": "dd4c5c3b0",
    "title": "",
    "text": "corporation subsidiaries 2011 2010.\n.\n 2010 net revenue $ 5051\n mark-to-market tax settlement\n purchased power capacity -21\n wholesale revenue -14\n volume/weather\n decommissioning trust\n retail electric price\n 2011 net revenue $ 4904\n mark-to-market tax settlement regulatory charge amortization 2011.\n 3 8.\n purchased power capacity price increases.\n wholesale revenue lower margins co-owner higher wholesale energy costs.\n volume/weather 2061 gwh weather-adjusted usage.\n residential retail sales.\n industrial sales growth 2010.\n manufacturing economy exports industrial expansions.\n offset declines paper wood products pipeline segments.\n less weather residential sales.\n decommissioning trust variance deferral investment gains decommissioning trust 2010.\ngains interest investment income 2010 regulatory charges no net income.\n retail electric price variance due actions entergy texas august 2011 louisiana arkansas.\n offset decreases new orleans october 2011.\n note 2 financial statements."
}
{
    "_id": "dd4bbfcae",
    "title": "",
    "text": "2014mergers acquisitions eldertrust merger february 5 2004 cash $ 184 million.\n nine assisted living independent living five skilled nursing two med office financial office portfolio. properties leased operators annual cash rent $ 16. 2 million escalation. terms four to 11 years. acquired limited partnership units $ 12. 50 per unit excluding 31455 class c units.\n owns eldertrust properties.\n funded $ 101 million equity purchase price cash $ 85 million proceeds 2003 sale facilities revolving credit facility april 17 2002. ownership eldertrust properties $ 83 million property debt liabilities. $ 33. 5 million unrestricted cash.\n acquisition purchase method.\n preliminary estimated values assets acquired liabilities assumed acquisition.\n subject refinement.\nmerger reflected in financial state acquisition february 5 2004. computing values allocation purchase price subject refinement.\n real estate investments $ 162\n cash equivalents 28\n assets 5\n assets acquired $ 195\n notes payable debt 83\n accounts payable liabilities 2\n liabilities assumed 85\n net assets acquired $\n january 29 2004 14 purchase agreements brookdale living communities.\n 14 facilities purchase price $ 115 million. affiliates lease. 15 years guaranteed brookdale annual rent $ 10 million escalating. 5%. 75% consumer price index.\n acquisitions $ 41 million non- recourse property debt facilities balance paid cash revolving credit facility. encumbers seven facilities.\njanuary 29 2004 company completed four brookdale facilities price $ 37 million. acquisition remaining ten facilities expected conditions.\n consummation not conditioned no assurance remaining acquisitions.\n transactions trans healthcare.\n november 4 2002 company subsidiary ventas realty completed $ 120. 0 million transaction trans healthcare. privately owned long-term care hospital company. $ 53. 0 million sale leaseback $ 67. 0 million loan mezzanine loan.\n sale senior loan december 2002 investment $ 70. 0 million.\n realty purchased 5 properties leasing lease. properties four skilled nursing facilities one retirement community. lease ten years provides annual base rent $ 5. 9 million. revenue parameters rent three percent 50% consumer price index.\n.\n37"
}
{
    "_id": "dd4bdec9e",
    "title": "",
    "text": "january 2011 purchased 49. 9%. interest 521 fifth avenue assuming full ownership.\n consolidated interest $ 245. 7.\n january 2011 repaid $ 84. 8. 15%. unsecured notes maturity.\n 2011 recapitalization 3 columbus circle.\n $ 138 equity investment sl a0green operating partnership units.\n property fully capitalized costs redevelop ment lease-up.\n mortgage refinanced loan sl a0green deutsche bank third-party lenders.\n february 2011 company operating partnership equity sales agreements merrill lynch pierce fenner smith morgan stanley.\n common stock $ 250. million equity program.\n.\n sold 2. shares common stock proceeds $ 144. 1.\n 2009 quarter.\n\n revenues $ 243040 $ 245769 $ 248251 $ 258787\n income noncontrolling interests gains sale -380 4099 -10242\n gain sale unconsolidated joint venture real estate 2014 -157 -2693 9541\n gain extinguishment debt 606 8368 29321 47712\n equity investment marketable securities -232 -807\n income discontinued operations 1593  1863 999 1319\n sale discontinued operations -1741 2014 6572\n income green -154 2449 17512 37737\n preferred stock dividends -4969 ( 4969\n income stockholders $ -5123 $ 12543 $ 32768\n income loss common share.\n common share.\n realty.\n 2010 annual report financial statements"
}
{
    "_id": "dd4c03b7a",
    "title": "",
    "text": "gas prices lower 2009 2008 2007 2008 high levels.\n gas production lower 48 states.\n sold bid-week prices.\n gas sales alaska term contracts.\n-producing regions equatorial guinea term contracts prices less volatile.\n larger quantities prices lower average gas prices less benchmark.\n oil sands mining revenues correlate market prices synthetic crude oil gas.\n two-thirds output mix track one-third canadian heavy sour crude oil.\n impacted operational problems outages.\n operating cost structure fixed downtime.\n per-unit costs sensitive production rates.\n variable costs natural gas diesel fuel commodity markets index crude prices.\n benchmark prices revenues variable costs.\n crude oil barrel $ 62. $.\n western canadian select barrel $ 52.\nnatural gas sales index mmbtu $ 3. 49 7. 74.\n western canadian barrel $ 52. 79. 59 49. sales index mmbtu $ 3. 49. 74. pricing differentials western canada.\n alberta energy company.\n natural gas resources supply gap production.\n operations marketing transportation products methanol west africa.\n europe.\n 60 percent ownership production equatorial guinea sells lng long-term henry hub natural gas prices.\n 2009 sales 3. 9 million metric tonnes 2008 3. million metric tonnes.\n 2009 185 million metric tonnes.\n production facilities construction.\n economic downturn weak economies lower natural gas consumption.\n-term supply.\n prices.\n.\n tied henry hub prices.\n indexed crude oil prices.\n45 percent interest methanol plant equatorial guinea.\n sales 960374 2009 792794 2008.\n demand ampco earnings.\n demand limited supply-demand sales prices.\n.\n demand methanol 2009 41 million tonnes.\n plant capacity. million 3 percent demand.\n income depends refining marketing retail marketing gasoline."
}
{
    "_id": "dd4c3010c",
    "title": "",
    "text": "adjusted diluted earnings per share withdrawal costs pension funds restructuring charges loss extinguishment debt business dispositions impairments provides understanding operational activities before financial effect.\n performance.\n incurred comparable charges costs adjustments expected future.\n.\n 2017 anticipate receiving $ 975 million.\n trucks equipment 350\n landfill 330\n containers 160\n facilities 150\n property equipment 990\n proceeds\n $ 975\n solid waste collection operations.\n remaining revenue other services transfer station landfill disposal recycling energy services.\n residential commercial collection operations based long-term contracts municipalities.\n price escalation clauses.\n provide small-container commercial large-container industrial collection services three years.\n transfer stations landfills recycling facilities generate revenue from disposal fees.\nintegrate recycling collection obtain revenue from sale recycled commodities.\n revenue energy services fees treatment liquid waste production oil gas.\n revenue national accounts contracts local.\n offset subcontract costs recorded in cost operations."
}
{
    "_id": "dd4bd929e",
    "title": "",
    "text": "marathon oil corporation awards granted 754140 563631 1205517.\n december 31 2018 1196176 units outstanding.\n awards expense $ 13 million 2018 $ 8 million 2017 $ 6 million 2016.\n assumptions simulation.\n stock price $ 14.\n annual dividend yield 1. 4%.\n volatility 39% 39 % 43% 43 % 52% 52 %\n risk-free interest rate 2. 5%. % 6%\n value stock performance units $ 19. 60 $\n.\n defined benefit postretirement plans noncontributory benefit pension plans domestic employees.\n hired before april 2010.\n.\n.\n.\n provisions.\n.\n employer trustees future benefit accruals december 31 2015.\n defined benefit plans postretirement.\n.\nhealth care benefits 65 hospital cost sharing.\n post-age 65.\n employees.\n life insurance retiree beneficiaries.\n not funded.\n employees after 2016 not eligible insurance."
}
{
    "_id": "dd4c61aa4",
    "title": "",
    "text": "a0iii item a010.\n directors executive officers corporate governance part a0i item 1.\n.\n 201celection directors board governance a016 beneficial ownership reporting compliance proxy statement 2018 annual meeting.\n filed 120 fiscal year form 10-k.\n item a011.\n executive compensation 201ccompensation discussion analysis committee report proxy statement 2018 annual meeting.\n item a012.\n security ownership beneficial owners management stockholder matters proxy statement 2018 annual meeting.\n table december 2017 equity plans category number securities issued outstanding options warrants rights weighted-average exercise price securities future issuance equity compensation plans excluding securities plans 1708928. 3629455 item a013.\nrelationships transactions director independence a013 transactions governance proxy statement 2018 annual meeting.\n a014.\n accounting fees services 201caudit non-audit fees committee pre-approval procedures proxy 2018 annual meeting.\n plan category issued options warrants rights weighted-averageexercise price issuance compensationplans\n equity compensation plans security holders 1708928 $ 113. 3629455\n a0iii item a010.\n directors executive officers corporate governance part a0i item 1.\n.\n 201celection directors 201cnominees election board governance beneficial ownership reporting compliance proxy statement 2018 annual meeting.\n filed 120 fiscal year report form 10-k.\n.\nexecutive compensation 201ccompensation discussion analysis committee report proxy statement 2018 annual meeting.\n item a012.\n security ownership beneficial owners management stockholder matters management proxy statement 2018 annual meeting.\n table december 2017 equity plans category securities issued options warrants rights weighted-average exercise price securities future issuance equity compensation plans excluding 1708928 $ 113. 49 3629455 item a013.\n relationships transactions director independence transactions governance proxy statement 2018 annual meeting.\n a014.\n accounting fees services 201caudit non-audit fees committee pre-approval procedures proxy statement 2018 annual meeting."
}
{
    "_id": "dd4bdcc0a",
    "title": "",
    "text": "corporation subsidiaries regulatory zero net balance end lease term.\n liability $ 61. 6 million $ 27. 8 million december 31 2013 2012.\n future minimum lease payments. 13%. long-term debt.\n 51637\n 2015 52253\n 2016 13750\n 2017\n 2018\n 247500\n 392640\n 295226\n minimum lease payments $ 97414"
}
{
    "_id": "dd4c4b920",
    "title": "",
    "text": "2007 annual report 61 warranties snap-on warranties lines future costs.\n note 15.\n minority interests equity earnings unconsolidated affiliates tax millions 2007 2006.\n minority interests -4. 9. -3. 7 3. -3. 5 3.\n equity earnings loss net tax 2.\n $ -2. 5 2. -3. 7 3. -1. 4.\n minority interests subsidiaries $ 17. 3 million $ 16. 8 million 2006 long-term liabilities.\n investments unconsolidated affiliates $ 30. 7 million $ 30. 6 million.\n foreign currency translation financial statements foreign subsidiaries translated.\n dollars.\n. assets liabilities current rates income expense average exchange rate.\n adjustments recorded income loss balance.\nexchange transactions pretax losses $ 1. 7 million 2007 $ 1. 2 million 2006 gain $ 0. 7 million 2005.\n gains losses reported income net consolidated statements earnings.\n uncertainty quantifying income tax positions.\n record benefits years.\n record largest benefit 50% likelihood settlement taxing authority.\n no tax benefit recognized financial statements.\n interest penalties recognized income tax expense.\n included tax liability balance sheets.\n deferred income taxes temporary differences assets liabilities.\n enacted tax rates.\n effect change tax rates assets liabilities recognized enactment date.\n note 8.\n earnings share calculations computed net earnings weighted-average number common shares.\n dilutive effect options purchase common shares calculated treasury stock method.\nsnap-on dilutive shares year-end 2007 2006 2005 731442 911697 584222.\n options purchase 493544 23000 612892 not included diluted earnings per share prices greater average market price stock effect earnings share anti-dilutive.\n stock-based compensation january 1 2006 company adopted.\n-based payment modified prospective method.\n.\n cost employee services awards equity instruments grant-date fair value.\n cost recognized.\n no compensation cost recognized awards.\n grant-date fair value share options"
}
{
    "_id": "dd4b8e046",
    "title": "",
    "text": "interest expense $ 26. 4 million $ 14. 6 million $ 5. 3 million 2016 2015 2014.\n deferred financing costs bank fees capital built-to-suit lease interest debt.\n amortization deferred financing costs $ 1. 2 million $. 8 million $. 6 million.\n monitors financial lenders instability lenders.\n.\n leases warehouse office facilities brand factory stores equipment.\n leases expire 2033 extensions rental adjustments.\n lease agreements stores contingent rent sales maintenance insurance real estate taxes.\n schedule future minimum lease payments non property leases agreements.\n 2017 $ 114857\n 2018 127504\n 2019 136040\n 2020\n 2021 122753\n 2022\n future minimum lease payments $ 1422426\nrent $ 109. million $ 83. million $ 59. million 2016 2015 2014 non-cancelable lease agreements.\n contingent rent $ 13. million $ 11. million $ 11. million.\n promote brand products.\n sponsorship agreements collegiate supplier agreements athletic event sponsorships marketing.\n schedule future minimum payments agreements december 31"
}
{
    "_id": "dd4b9907c",
    "title": "",
    "text": "blackrock cash investment administration securities lending performance technology risk management services distribution fees.\n cash operating expense interest taxes dividends repurchases expenditures co-investments seed investments.\n statements part ii 8.\n include fees securities lending performance fees offset operating expenses-end incentive compensation.\n outflows 2017 $ 517 million $ 497 million investment purchases $ 155 million property equipment $ 73 million first reserve $ 29 million cachematrix $ 205 million proceeds sales maturities.\n outflows financing $ 3094 million $ 1. 4 billion share repurchases 1. billion $ 321 million employee tax withholdings $ 1. 7 billion dividend $ 700 million repayments borrowings $ 697 million.\n manages financial liquidity.\nliquidity resources december 31 2017 2016 millions cash equivalents $ 6894 $ 6091 consolidated 53.\n 2017 2016\n $ 6894 $ 6091\n consolidated\n liquidity resources $ 10831 $ 10038\n percentage cash equivalents.\n subsidiaries 40% 40 50% 50 % 2017 2016.\n.\n access cash operating activities.\n reduction year-end incentive compensation accruals $ 1. 5 billion $. 3 billion 2017 2016.\n liquidity resources increased $ 793 million 2017 cash flows operating offset 2016 incentive awards share repurchases $ 1. 4 billion dividend payments $ 1. 7 billion.\n $ 3154 million investments illiquid convertible cash.\n.\n repurchased. million common shares $ 1. billion 2017.\ndecember 31 2017 6. 4 million shares authorized.\n.\n company capital subsidiaries retaining cash investments.\n subsidiaries cash.\n transfers adverse tax consequences.\n blackrock institutional trust company.\n national bank client deposits powers limited trust fiduciary activities.\n provides investment management services securities lending clients.\n subject regulatory capital liquid asset requirements comptroller.\n december 31 2017 2016 maintain $ 1. 8 billion $ 1. 4 billion net capital subsidiaries.\n regulatory net capital requirements.\n undistributed earnings foreign subsidiaries.\n 2017 tax act repatriation tax provisional.\n income taxes earnings.\n reinvested foreign operations.\n capital management plans 2018.\n 2017 credit facility.\n commitment $ 4.amended april 2017 maturity 2022 credit facility.\n permits request additional $ 1. billion borrowing capacity approval increasing size amount $ 5. billion.\n interest borrowings london interbank rate spread.\n"
}
{
    "_id": "dd4bdb968",
    "title": "",
    "text": "2016 issued $ 45 million fixed rate notes insurance companies.\n payments 2023 2028 mature 2029 2034.\n interest rates 2. 87 3. 10.\n proceeds borrowings revolving credit facility.\n 2015 issued $ 75 million notes insurance company.\n payments 2020 mature 2030.\n interest rate 3. 52 percent.\n proceeds borrowings credit.\n december 31 2016 borrowing capacity $ 310. 8 million.\n operations.\n total debt increased $ 323. 6 million $ 249. million 2015. share repurchase purchase.\n leverage 17. percent 2016 14. percent 2015.\n.\n pension plan requirements regulations.\n 2016 voluntary $ 30 million contribution premiums.\n 2017.\n note 10 financial statements.\n board authorized purchase 3000000 shares common stock.\n repurchased 3273109 shares average $ 41.per share cost $ 135. 2 million.\n 4906403 shares remained repurchase authorization december 31 2016.\n stock price working capital expect spend $ 135 million repurchase 2017 10b5-1 repurchase plan.\n may repurchase additional $ 65 million 2017.\n paid dividends 77 years increasing last 25 years.\n $ 0. 48 per share 2016 $ 0. 38 2015.\n increased dividend 17 percent anticipate $ 0. 56 per share 2017.\n contractual obligations december 31 2016.\n obligations less than1 year 1 - 2years 3 - 5years\n long-term debt $ 323.\n rate interest.\n operating leases.\n purchase obligations.\n pension post-retirement obligations.\n $ 616.\ndecember 31 2016 liability uncertain income tax positions $ 4. 2 million.\n uncertainty future cash flows.\n blanket purchase orders requirements suppliers.\n committed weeks production.\n purchase obligation amount value commitments.\n pronouncements note 1 consolidated financial statements."
}
{
    "_id": "dd4bda392",
    "title": "",
    "text": "intangible asset impairment third quarter fiscal 2017 assets acquired trade names latin america industrial segment impaired.\n noncash impairment charge $ 162. 154. air products. 70 share lower economic growth profitability.\n excluded segment results.\n note 10 11 consolidated financial statements.\n income expense transactions principal income.\n note 23 consolidated financial.\n 2018.\n 2017 $ 50. decreased $ 70. lower income transition services agreements sale assets contract settlements unfavorable foreign exchange impact.\n.\n 2016 income $ 121. increased $ 71. transition services agreements sale assets investments gain $ 12. $ 7. per share sale parcel land favorable foreign exchange impact.\n.\n incurred $ 150.\n capitalized interest.\nexpense $ 130. $ 120. 115.\n 2018.\n 2017 increased $ 10. project financing joint venture higher interest rate offset lower debt balance.\n value projects.\n 2017.\n 2016 decreased $ 8. lower debt balance $ 26 offset higher interest rate $ 19.\n value exit business.\n non-operating income 2018.\n. decreased $ 11.\n fourth quarter pension settlement loss $ 43. $ 33. $. per share transfer pension obligations insurer.\n annuity contract.\n.\n loss offset higher interest income short investments lower non-service pension expense.\n prior year settlement loss $ 10. $ 6. $. per share.\n pension plan benefit $ 2."
}
{
    "_id": "dd4b9f7f6",
    "title": "",
    "text": "jpmorgan chase. annual report five-year stock performance compare five-year return.\n return s&p 500 index kbw bank index s financial index.\n s&p 500 index. equity benchmark companies economic sectors.\n kbw bank index performance banks thrifts publicly traded.\n 24 national regional banks thrifts.\n s&p financial index 87 companies components s&p 500.\n three industry indices.\n simultaneous investments $ 100 december 31 jpmorgan chase common stock.\n dividends reinvested.\n.\n jpmorgan chase 100. 80. 108. 148. 163 177.\n kbw bank index. 76. 102 140 153 154\n s&p financial index. 106 166\n s&p 500 index. 102 118 178 180.\n31 dollars"
}
{
    "_id": "dd4be90a4",
    "title": "",
    "text": "volumes 2013 increased fluff pulp improved market demand product mix franklin mill.\n price lower fluff market pulp increased.\n input costs wood fuels chemicals higher.\n operating costs lower start-up mill.\n maintenance downtime costs higher.\n sales volumes lower.\n price realizations improve increases pulp.\n input costs flat.\n maintenance downtime costs $ 11 million higher.\n operating profits impacted severe winter weather.\n packaging demand pricing spending economic activity.\n raw material energy costs freight costs manufacturing efficiency product mix.\n net sales increased 8% decreased 7% 2011.\n operating profits decreased 40%.\n.\n shutdown paper machine profits 22% lower 2012 43% lower 2011.\nhigher sales volumes $ 45 million offset lower price unfavorable mix $ 50 million higher operating costs shutdown paper machine $ 46 million higher input costs $ 6 million.\n profits 2013 restructuring $ 45 million shutdown $ 2 million sale shorewood business.\n 2012 gain $ 3 million 2011 $ 129 million asset impairment charge $ 72 million charges.\n consumer.\n sales $ 3435\n sales $ 2. billion 2013 $. 2012. 2011.\n operating profits $ 63 million shutdown 2013 2012 2011.\n coated paperboard sales volumes 2013 higher stronger market demand.\n price realizations lower year-over.\n input costs wood energy offset lower chemicals.\n maintenance downtime costs lower.\n market-related downtime 24000 tons 2013 113000 2012.\nshutdown paper machine augusta mill reduced capacity 140000 tons.\n foodservice sales volumes increased.\n margins higher lower costs product mix.\n operating distribution costs higher.\n. shorewood sold non.\n paperboard sales volumes weaker.\n sales price higher margins product mix.\n input costs higher energy chemicals wood.\n maintenance downtime costs $ 8 million lower outage mill.\n severe winter weather profits.\n foodservice sales volumes lower.\n margins improve price increases product mix."
}
{
    "_id": "dd4bd30c4",
    "title": "",
    "text": "city council entergy new orleans.\n february 2018 approved settlement deferred cost recovery 2018 rate case adjustment 2018-2019 costs filed case timely recovery.\n funds cash debt membership interest issuances bank financing.\n refinance redeem retire debt prior maturity market conditions interest rates.\n receivables from money pool december 31 years.\n 2016 2015 2014\n 12723 $ 14215 $ 15794 $ 442\n note 4.\n credit facility $ 25 million november 2018.\n letters of credit against $ 10 million borrowing capacity.\n december 31 2017 no cash borrowings $ 0. 8 million letter of credit outstanding.\n party uncommitted letter of credit facility. $ 1. 4 million letter of credit outstanding.\n note 4 statements.\nnew orleans authorization ferc october 2019 short-term borrowings $ 150 million long-term borrowings securities issuances.\n note 4 financial statements short-term borrowing limits.\n long-term securities issuances authorized ferc city council authorization extends june 2018.\n entergy new orleans rate regulation electricity natural gas influence financial position results liquidity.\n regulated rates determined regulatory proceedings.\n city council approval rates.\n asset transfer.\n settlement agreement 2015 no action base rates until implemented"
}
{
    "_id": "dd4bb56f0",
    "title": "",
    "text": "louisiana subsidiaries financial increased demand customers expansion projects chemicals industry.\n louisiana act 55 financing savings regulatory tax savings.\n savings 2010-2011 audit settlement louisiana act 55 storm costs hurricane gustav ike.\n note 3 financial statements.\n provision $ 23 million 2016 waterford 3 replacement steam generator offset $ 32 million 2015 uncertainty.\n note 2 financial statements.\n net revenue fuel expenses gas power expenses regulatory charges.\n change net revenue.\n.\n 2014 net revenue $ 2246.\n retail electric price.\n.\n waterford 3 replacement steam generator provision.\n.\n.\n 2015 net revenue $ 2408.\n price due formula rate plan increases lpsc 2014 january 2015.\n note 2 financial statements.\nvolume/weather variance due increase 841 gwh 2% electricity usage increased industrial usage demand refinery new expansion projects chemicals industry offset decrease demand seasonal outage.\n waterford 3 replacement steam generator due regulatory charge $ 32 million 2015 uncertainty.\n note 2.\n miso deferral variance due deferral 2014 non-fuel miso-related charges.\n offset operation maintenance expenses.\n note 2."
}
{
    "_id": "dd4b90f4e",
    "title": "",
    "text": "refer note 2 accounting principles practices information.\n.\n employee savings.\n expense included compensation benefits consolidated statements income.\n expense plans. millions.\n years december 31 2018 2017 2016\n. $ 98 $ 105 $ 121\n.\n $ 168 $ 173  $ 191\n postretirement sponsors pension health welfare plans.\n health care plans contributory contributions adjusted annually life insurance pension plans noncontributory.\n. plans closed new entrants."
}
{
    "_id": "dd4be3f3c",
    "title": "",
    "text": "2017 form 10-k part iii item 10.\n directors executive officers corporate governance code conduct ethical conduct certificates principal executive financial officer accounting officer item 1.\n annual report.\n directors.\n 1 election board nominees governance committees proxy statement 2018 annual meeting 120 days fiscal year december 31 2017.\n executive officers 1.\n executive officers baker annual report.\n compliance directors executive officers section 16 a exchange act 16 beneficial ownership reporting compliance.\n item 11.\n executive compensation committee. item 12.\n security ownership beneficial owners management stockholder matters sections ownership section 16 director executive officers proxy statement.\n employees officers directors trading plans rule 10b5-1 exchange act.\nrule 10b5-1 criteria individual plan to buy or sell shares company stock.\n plan entered good faith nonpublic information.\n plan receipt nonpublic information prevent transactions.\n officers advised enter stock sales plans for shares common stock rule 10b5-1.\n company may future enter repurchases stock plan rule 10b5-1 or 10b-18.\n equity compensation plan information table as of december 31, 2017 shares common stock issued plan approved by stockholders millions.\n equity compensation plan category number securities issued options warrants rights average exercise price number securities future issuance.\n plancategory price future\n stockholder-approved plans  1. 6  $ 36. 61 | 53. 7\nnonstockholder plans 2014\n. $ 36."
}
{
    "_id": "dd4c354a4",
    "title": "",
    "text": "information oil gas activities future cash flows oil gas reserves 2006 2005 2004 sales transfers oil gas production transportation administrative costs 5312 3754 2689 prices production transportation costs 6648 771.\n 2006 2005 2004\n sales transfers oil gas costs -5312 -3754 3754 -2689 2689\n prices costs -1342 1342 6648 771\n extensions discoveries recovery 1290 700 1349\n costs 1251 1030\n development costs -527 -552 -628\n estimates 1319\n sales minerals 4557\n accretion discount 1124 757\n change income taxes -660 -6694 -627\n 307\n change -2083 4186\n 10601 6415\n end year 8518 10601\nchange discontinued -216 216 162 -152"
}
{
    "_id": "dd4baaef8",
    "title": "",
    "text": "auto parts.\n schedule ii valuation accounts doubtful accounts balance charges expenses deductions end january 3 2015 $ 13295 17182 14325 16152 january 2 2016 25758 december 31 24597 29164 accounts written off.\n impact statement operations.\n other valuation accounts not reported.\n doubtful accounts balance charges deductions\n january 3 2015 $ 13295 17182 -14325 16152\n january 2 2016 22067\n 31 2016\n advance auto parts.\n schedule ii valuation qualifying accounts doubtful accounts balance charges expenses deductions end period january 3 2015 $ 13295 $ 17182 14325 16152 january 2 2016 22067 25758 december 31 accounts written off.\n impact statement operations.\nvaluation qualifying accounts not reported schedule not applicable included."
}
{
    "_id": "dd4c63bf6",
    "title": "",
    "text": "consolidated financial statements derivatives credit features firm 2019s derivatives transacted bilateral agreements counterparties post collateral terminate changes credit ratings.\n assesses impact collateral termination payments downgrade.\n.\n table presents fair value net derivative liabilities agreements excluding collateral assets posted collateral additional collateral termination payments two downgrade credit ratings.\n millions december 2013 2012\n net derivative liabilities bilateral agreements $ 22176 $ 27885\n collateral posted 18178 24296\n additional collateral termination payments one-notch downgrade 1534\n two-notch\n firm enters credit derivatives transactions manage credit risk investing lending.\n derivatives managed firm 2019s net risk position.\n individually negotiated contracts settlement payment conventions.\nevents include failure to pay bankruptcy indebtedness restructuring repudiation dissolution entity.\n.\n protect buyer against loss principal on bonds loans mortgages issuer suffers credit event.\n buyer pays premium receives protection contract.\n no credit event seller no payments.\n if credit event occurs payment calculated contract.\n credit indices.\n derivatives swaps.\n credit event occurs protection seller pays buyer.\n payment pro-rata portion transaction amount defaulted obligation.\n credit risk separated into portions subordination.\n junior tranches cover defaults excess loss covered by senior tranche.\n total return swaps.\n risks from protection buyer to protection seller.\n receives floating interest protection against reduction fair value receives cash flows increase fair value.\n.\ncredit option writer assumes purchase sell obligation price credit spread.\n buys.\n payments depend credit spread or price obligation.\n goldman sachs 2013 annual report"
}
{
    "_id": "dd4c54aca",
    "title": "",
    "text": "company expects annual amortization expense intangible assets.\n $ 1343\n.\n foreign subsidiaries received grants agencies.\n grants include capital employment research development grants.\n capital acquisition property netted against capital expenditures amortized credit depreciation expense.\n employment recognized earnings.\n.\n translation foreign currencies sales local currency.\n gains losses translation currencies.\n dollars recorded income.\n gains foreign currency assets liabilities operations.\n dollar.\n foreign currency gains losses not material 2010 2009 2008.\n.\n exchange foreign currency exchange contracts offset operational balance sheet exposures foreign currency exchange rates.\n exposures.\n euro philippine peso british pound.\n foreign currency exchange contracts support transactions normal business not speculative.\n periods one year or less.\nhedges related to transactions documented cash flow hedges evaluated monthly.\n foreign currency exposures.\n terms contract transaction contract effectiveness calculated fair value contract to value transaction gain loss reported income in equity reclassified into earnings transaction.\n residual change fair value recognized in expense.\n company enters foreign currency contracts gains losses assets liabilities non-functional currency.\n changes in fair value hedges recognized in expense.\n total amount hedges $ 42. 1 million and $ 38 million.\n fair value in balance sheets.\n interest rate exposure 2009 entered interest rate swap transactions 5% senior unsecured notes swapped $ 375 million fixed rate debt at. into floating interest rate debt through july 1  2014.\n $ 375 million amount 5. 0%.% annual interest analog.\n statements 2014"
}
{
    "_id": "dd4b9a63e",
    "title": "",
    "text": ".\n cost drivers manufacturing efficiency raw material energy freight costs.\n printing sales 2014 decreased 8% $ 5. 7 billion $ 6. 2 billion 2013 8%. 2012.\n profits 106% lower 2013 lower 2012.\n closure 7% 7 higher 2013 8% lower 2012.\n higher sales price lower maintenance downtime costs provision bad debt foreign exchange costs lower sales volumes million higher operating costs 49 million input costs 47 million closure courtland mill 41 million.\n profits special $ 554 million closure.\n accelerated depreciation courtland assets evaluated.\n net book value $ 470 million.\n no alternative uses.\n $ 464 million accelerated depreciation.\nprofits 2014 $ 32 million foreign tax amnesty gain $ 20 million legal contingency india 2013 $ 118 million closure courtland alabama mill $ 123 million impairment charge goodwill trade name intangible asset india papers.\n.\n sales $ 2. 1 billion 2014 $ 2. 6 billion 2013 $ 2. 7 billion 2012.\n loss $ 398 million gain 156 million shutdown $ 36 million 2013 331 million 2012.\n sales volumes 2014 decreased lower demand freesheet paper closure courtland mill.\n price realizations higher.\n input costs chemicals freight costs higher.\n maintenance downtime costs $ 14 million lower.\n profits impacted shutdown courtland mill provision bad debt.\n sales volumes stable.\n margins improve.\n costs.\nmaintenance downtime costs $ 16 million lower outage 2015 georgetown mill eastover riverdale.\n brazilian papers sales 2014 $ 1. billion. 2013.\n profits $ 177 million 209 million tax amnesty 210 2013 2012.\n sales volumes flat.\n price improved price increases.\n.\n raw material costs.\n operating costs higher maintenance downtime costs flat.\n sales volumes decrease weaker demand.\n price improvements increases.\n input costs.\n maintenance outage costs $ 5 million lower outage luiz antonio mill.\n european papers net sales 2014 $ 1. 5 billion. 2013\n profits $ 140 million 167 million 2013 $ 179 million volumes higher"
}
{
    "_id": "dd4b892a8",
    "title": "",
    "text": "currency exchange risk non-u.\n companies maintain assets liabilities local currencies.\n exchange risk limited to assets.\n reviewed risk management process.\n capital invested in home currencies support local insurance operations.\n principal currencies british pound sterling euro canadian dollar.\n table exposure foreign exchange risk december 31 2008 2007.\n millions. dollars\n fair value net assets foreign currencies $ 1127 $ 1651\n assets 7. 8%. 9. 9%.\n pre-tax impact equity 10 percent strengthening. dollar $ 84 $ 150\n reinsurance gmdb gmib guarantees net income impacted by changes reserves.\n reflected life annuity benefit expense.\n impacted by fair value gmib liability.\n.\n changes reflected as realized gains losses.\n views variable annuity reinsurance business similar risk profile catastrophe reinsurance probability long-term economic loss small.\n adverse changes market factors policyholder behavior life underwriting income net income.\n-term economic net loss short-term accounting variations market movements.\n business long-term eco risk reward.\n ultimate risk long underperformance investment returns reduction interest rates.\n underperformance to higher paid claims.\n market conditions reserves fair value liability fall decreased future claims increase life underwriting income net income.\n management established sop 03-1 reserve based benefit ratio market values.\n-term market movements reserve.\n based long-term benefit ratio.\n impacted by short-term market movements.\nmanagement sop 03-1 quantitative qualitative analysis change benefit ratio change sop 03-1 reserve.\n premium claims long-term profit loss variable annuity reinsurance.\n reserve fair value liability affected by market factors equity interest rate credit risk policyholder behaviors.\n table shows sensitivity december 31 2008 sop 03-1 reserves fair value liability.\n tables sensitivity fair value derivative instruments instruments purchased january 2009 offset risk.\n change value offset changes sop 03-1 reserve."
}
{
    "_id": "dd4bd2f20",
    "title": "",
    "text": "contents cdw corporation subsidiaries method.\n classifies deferred financing costs deduction from long-term debt liability except revolving credit facilities presented asset.\n interest rate cap agreements hedging exposure fluctuations interest rates.\n cash flow hedges interest risk recorded at fair value other assets.\n gain loss instruments reported component accumulated loss until reclassified interest expense hedge transaction affects earnings.\n fair value measurements value defined price received sell asset transfer liability transaction market participants.\n fair value hierarchy established valuation three levels.\n measurement reported determined lowest level input.\n levels level 1 observable inputs quoted prices.\n level 2 2013 model-based valuation techniques.\n level 3 2013 inputs unobservable management estimates assumptions.\nfair values determined using model-based techniques option pricing discounted cash flow.\n accumulated loss components 2019 equity.\n millions years 2017 2016 2015\n foreign currency translation $ -96. 1 ( 96. $ -139. 6 139. $ -61. 61.\n unrealized gain hedge accounting.\n loss $ -95. 9 ( 95. $ -139. 6 ( 139. $ -61. 1 ( 61.\n distribution channel for vendors suppliers equipment manufacturers software publishers wholesale distributors cloud providers.\n records revenue title risk loss passed delivery price fixed collectability assured.\n shipping terms.\n risk.\n revenues from hardware software licenses recognized selling price acquisition cost.\n delivered physical drop-shipment electronic delivery.\n estimate sales returns allowances experience.\ncompany partners warrant products.\n leverages drop-shipment deliver without inventory warehouses increasing efficiency reducing"
}
{
    "_id": "dd4c1e9ca",
    "title": "",
    "text": "capital resources liquidity generated by earnings citi 2019s businesses.\n capital through common stock convertible preferred stock equity employee benefit plans subordinated debt trust securities.\n impact future events on business results changes accounting affect capital levels.\n capital assets absorb market operational losses.\n dividends stock restricted due to agreements with.\n government.\n common stock trust securities.\n.\n citigroup capital management framework sufficient capital with risk profile regulatory standards guidelines external rating agency considerations.\n overseen by senior management reviewed at consolidated entity country level.\n through finance asset liability committee oversight from risk management finance committee board of.\n in decision-making on capital liquidity.\nfinalco responsibilities financial structure citigroup ensuring asset levels return hurdles funding capital markets plan monitoring interest rate risk corporate bank liquidity impact currency translation.\n earnings.\n ratios subject risk-based capital guidelines federal reserve board.\n capital adequacy measured 1 total capital.\n tier 1 capital equity noncontrolling interests mandatorily redeemable securities goodwill intangible assets deferred tax assets.\n total capital includes tier 2 capital subordinated debt allowance credit losses.\n percentage risk-weighted assets.\n 2009 supervisory capital program.\n regulators measure capital less elements preferred stock noncontrolling interests redeemable securities.\n risk-weighted assets from risk-based capital guidelines credit risk.\nguidelines on-balance-sheet assets off-balance-sheet exposures financial guarantees unfunded lending commitments letters credit derivatives assigned risk-weight categories perceived credit risk obligor guarantor collateral credit ratings.\n risk-weighted assets market risk trading foreign exchange commodity positions.\n excluded goodwill deferred tax assets regulatory capital.\n.\n citigroup subject leverage ratio requirement non capital adequacy 1 capital quarterly total assets.\n 1 capital ratio 6% total capital ratio 10% leverage ratio 3% not federal reserve board directive.\n citigroup regulatory capital ratios december 2009 2008.\n.\n 9. 60%. 60 % 2. 30%. 30 %\n 11. 67.\n 15. 25. 70\n 6. 89.\ncitigroup capitalized federal bank end 2009 2008."
}
{
    "_id": "dd4c11964",
    "title": "",
    "text": "jpmorgan chase & co. /2018 form 10-k 117 lending-related commitments firm uses financial instruments commitments revolving credit facilities guarantees financing needs.\n contractual amounts represent maximum credit risk.\n commitments guarantees refinanced extended cancelled expire without default.\n total contractual amount not representative future credit exposure funding requirements.\n note 27.\n clearing services firm provides securities derivative contracts.\n exposed risk non-performance share losses.\n credit risk margin cease clearing services if adhere obligations.\n note 27.\n derivative contracts manage risks credit risk interest rates foreign exchange equities commodities.\n firm makes markets derivatives manage risks counterparty credit risk.\n derivative instruments manage credit market risk.\n settlement mechanism affect credit risk.\notc derivatives firm exposed credit risk counterparty.\n exchange-traded derivatives futures options-counter exposed credit risk.\n credit risk legally enforceable master netting arrangements collateral agreements.\n note 5.\n table summarizes net derivative receivables.\n.\n 2018\n cash collateral $ 54213 $ 56523\n liquid securities cash collateral derivative receivables\n collateral $ 38891 $ 40415\n derivative instruments legal opinions.\n fair value derivative receivables consolidated balance sheets $ 54. 2 billion $ 56. 5 billion december 31 2018 2017.\n value enforceable master netting agreements cash collateral.\n credit risk liquid securities.\n government cash collateral $ 15. billion $.1 billion at december 31 2018 2017 used security client exposure firm favor.\n firm holds additional collateral cash g7 government securities liquid government-agency guaranteed securities corporate debt equity securities clients non-daily call frequency not settled.\n collateral reduce balances not table available security against potential exposure value firm favor.\n derivative receivables fair value include credit enhancements letters of credit.\n note 5.\n net fair value capture future variability credit.\n firm calculates three measures credit loss peak derivative risk equivalent average exposure.\n incorporate netting collateral benefits.\n peak conservative measure potential exposure 97. 5%. confidence level.\n primary for credit limits derivative contracts senior management reporting exposure management.\n risk derivative exposure"
}
{
    "_id": "dd497a67e",
    "title": "",
    "text": "inventory future purchase commitments considering demand forecasts product life cycle sales levels pricing strategy cost trends.\n if inventories materials obsolete excess demand inventory cost exceeds realizable value adjustments results operations.\n goodwill non-amortizable assets valuation test for impairment annually.\n company quantitative assessment annual impairment analysis.\n fair value carrying value.\n exceeds impaired.\n discounted cash flow model market approach earnings multiples companies tobacco.\n december 31 2018 carrying value goodwill $ 7. 2 billion related to ten reporting units.\n estimated fair value exceeded carrying value.\n non-amortizable assets discounted cash flow model relief-from-royalty method.\n fair value exceeded carrying value.\ndiscounted cash flow models include assumptions cash flows subject to changes conditions volumes prices costs discount rates capital needs.\n management considers historical experience information values consistent with marketplace participant.\n 2008. recorded charge earnings impairment goodwill non intangible assets.\n marketing costs advertising marketing consumer engagement trade promotions.\n expensed.\n.\n uncertainties performance compliance.\n volume-based incentives assesses likelihood targets records reduction revenue.\n relies on estimated utilization rates historical experience.\n changes assumptions financial position cash flows.\n employee benefit plans.\n pensions postretirement health care postemployment benefits.\n record annual amounts based calculations.\n.\n include actuarial assumptions discount rates return compensation increases mortality turnover rates health care cost trend rates.\nreview actuarial assumptions rates trends.\n.\n amortized future periods.\n assumptions obligations experience.\n-average discount rate assumptions pension postretirement obligations december 2017.\n pension. 61%. 51%.\n postretirement plans. 97%. 79%.\n changes increase 2019-tax pension postretirement expense $ 205 million $ 160 million 2018 excluding.\n higher amortization losses $ 14 million lower return assets $ 16 million higher interest service cost 12 million 4 million offset movements $ 1 million.\n return discount assumptions expense benefit.\n fifty-basis-point decrease discount rate 2019 pension postretirement expense $ 50 million increase"
}
{
    "_id": "dd497bd08",
    "title": "",
    "text": "1b.\n unresolved staff comments.\n 2.\n.\n corporate co-headquarters pittsburgh pennsylvania chicago illinois.\n-headquarters executive offices.\n business units administrative finance human resource functions.\n maintain owned leased offices regions.\n manufacture products manufacturing processing facilities.\n december 31 2016 operated 87 manufacturing facilities.\n own 83 lease four.\n facilities.\n leased united states\n canada\n world\n maintain manufacturing processing facilities good condition.\n co-manufacturing arrangements third parties production.\n fourth quarter 2016 reorganized segment structure business.\n reflected change table.\n.\n current manufacturing processing facilities closed next year.\n restructuring.\n.\n.\n involved legal proceedings claims governmental inquiries inspections.\napril 1 2015 commodity futures trading commission filed complaint against mondel 0113z international kraft foods. kraft.\n northern district illinois december 2011 wheat futures contracts.\n complaint alleges mondel 0113z international kraft manipulated wheat markets 2011 violated position limit wheat futures non trades both sides wheat contracts.\n activities arose october 1 2012 spin-off kraft business owned mondel 0113z.\n separation distribution agreement kraft september 27 2012 governs allocation liabilities mondel kraft 0113z international costs monetary penalties payments.\n financial condition results operations business.\n costs.\n.\n safety disclosures.\n not applicable."
}
{
    "_id": "dd4b9ff3a",
    "title": "",
    "text": "hr solutions.\n december 31, 2010 2008\n revenue $ 2111 $ 1267 $ 1356\n operating income 234 203 208\n margin 11. 1%. 1 % 16. 0%. % 15. 3%. 3 %\n october 2010 hewitt human resource.\n operates globally brand.\n results october 1 2010.\n hr solutions segment generated 25% revenues 2010 human capital services health benefits employee benefit programs.\n management benefits data-driven health compliance commitment investment.\n retirement actuarial services consulting investment tax pension administration.\n compensation planning executive reward strategies salary survey market share studies sales force effectiveness financial services technology industries.\n talent change organizational effectiveness workforce training.\n2022 benefits outsourcing defined benefit contribution 401 k health welfare services.\n replaces processes efficient less costly solutions.\n 2022 human resource business processing outsourcing manage employee data benefits payroll human resources processes record talent workforce hr transactions absence management flexible spending audit participant advocacy.\n disruption credit markets deterioration financial markets uncertainty.\n economic conditions.\n economic downturn clients 2019 financial condition business activities.\n demand"
}
{
    "_id": "dd4bc1c7a",
    "title": "",
    "text": "transportation own marathon pipe line ohio river pipe line subsidiaries.\n transport crude oil refined products midwest gulf coast refineries terminals.\n mpl orpl systems 1737 miles crude oil 1825 miles refined product lines 32 systems 11 states.\n mpl largest petroleum.\n subject state federal energy regulations tariffs oil.\n parties generated 13 percent crude oil shipments pipelines 2009.\n transported volumes three years.\n.\n refined products\n own 196 miles crude oil pipelines 850 miles refined products lease 217 miles product pipelines.\n partial ownership pipeline companies 780 miles crude oil 3600 miles refined products 970 miles operated mpl.\nmpl operates private pipelines 985 miles crude oil 160 miles natural gas e&p.\n major pipelines include cardinal wabash pipeline.\n cardinal kenova columbus ohio.\n wabash robinson terminals chicago illinois.\n pipelines extend robinson louisville garyville zachary texas city pasadena texas.\n december 31 2009 pipelines 65 percent louisville-lexington system 60 percent interest muskegon pipeline griffith north muskegon 50 percent interest centennial pipeline gulf coast midwest 17 percent interest explorer pipeline 6 percent interest wolverine pipe line chicago toledo ohio.\ncrude oil lines patoka catlettsburg robinson lima canton samaria detroit st.\n james garyville.\n december 31 2009 interests oil pipelines 51 percent interest loop llc.\n deepwater oil port 18 miles off louisiana pipeline port storage caverns tanks clovelly 59 percent interest locap llc oil pipeline loop"
}
{
    "_id": "dd4bce6be",
    "title": "",
    "text": "subsidiaries table shows changes stock options 2008 weighted average exercise price.\n 31 2005 12643761 $ 36. 53\n $ 56. 29\n $ 33. 69\n $ 39.\n 31 2006 11752521 $ 39. 43\n 1549091 $ 56.\n $ 35. 73\n $ 51. 66\n 31 2007 11270815 $ 42. 12\n $ 60. 17\n $ 36. 25\n $ 54. 31\n 31 2008 9923563 $ 46.\n weighted-average contractual term. years 4. 6 31 2008.\n total intrinsic value $ 66 million $ 81 million exercisable 31 2008.\n weighted-average value $ 17.\n total intrinsic value 2006 $ 54 million $ 44 million $ 43 million.\ncash received 2008 from stock options $ 97 million.\n 2004 provides grants.\n 4-year vesting period.\n granted market close price.\n share-based compensation expense cost unvested restricted stock granted 2004 to 2008."
}
{
    "_id": "dd49719f2",
    "title": "",
    "text": "payments receipts millions.\n arkansas $ 2\n louisiana $ 6\n mississippi $ 4\n new orleans $ 1\n texas $ 3\n september 2016 ferc accepted february 2016 filing further filing november 2016.\n order 2016 january 2016 requests lpsc apsc entergy.\n directed interest.\n entergy ordered removal securitized asset taxes contra-securitization calculation.\n november 2016 entergy compliance filing.\n revised refund calculation 2009 year data.\n lpsc protested interest calculations.\n november 2017 ferc november 2016 filing.\n interest arkansas louisiana.\n december 2017 recalculated interest november 2017 order.\n owed minor payments louisiana mississippi new orleans.\n2011 rate filing 2010 production costs may 2011 entergy filed ferc rates orders agreement. parties intervened lpsc. july ferc rates june refund.\n december 2014 consolidated 2011 rate filing 2012 2013 2014 rate filings settlement hearing procedures.\n.\n 2012 rate filing 2011 production costs may 2012 entergy filed rates orders. parties intervened lpsc. august 2012 rates june refund.\n december 2014 consolidated 2012 rate filing 2011 2013 2014 rate filings settlement hearing procedures.\n.\n 2013 rate filing 2012 production costs may 2013 entergy filed 2013 rates orders.\n parties intervened lpsc.\n city council filed comments 2013 cost equalization calculation.\n2013 ferc accepting 2013 rates effective june 1.\n 2014 consolidated 2013 2011 2012 2014 settlement hearing procedures.\n"
}
{
    "_id": "dd4c04b4c",
    "title": "",
    "text": "nonoperating income excludes merger-over.\n decreased $ 249 million 2014 $ 149 million decrease special charges refinancing $ 100 million less interest expense.\n recognized $ 33 million charges non-cash interest bankruptcy settlement obligations.\n $ 138 million post-petition interest unsecured obligations.\n $ 44 million debt extinguishment costs repayment secured indebtedness cash interest charges non-cash write offs unamortized debt.\n 2013 refinancing early extinguishment. $ 100 million less interest expense.\n $ 114 million foreign currency losses $ 43 million charge venezuelan foreign currency $ 56 million charges early debt extinguishment costs.\n foreign currency losses driven strengthening.\ncurrencies 2014 latin american market 48% decrease venezuelan bolivar 14% 14 % decrease brazilian real.\n 2013 foreign currency losses $ 56 million early debt extinguishment charges $ 29 million.\n reorganization items revenues expenses gains losses provisions chapter 11.\n reorganization items statement 31 2013 millions.\n labor-related claim $ 1733\n aircraft facility financing renegotiations rejections 325\n fair value conversion discount 218\n professional fees\n reorganization items $ 2655\n contributions reorganization reductions pay benefits employee deemed claim distribution equity reorganized entity.\n cost savings reductions pay work rule changes.\n total value approximately $ 1. 7 billion.\n modification financings aircraft unsecured claims facility agreements special facility revenue bonds.\ndebtors claim rejection financing"
}
{
    "_id": "dd4b8ca2a",
    "title": "",
    "text": "exposed to investors.\n facts in note 12 financial statements 10-k.\n contingencies liquidity capital resources results operations.\n incurrence liabilities liquidity cash.\n arrangements future effect contingencies.\n cash operations financing sufficient contingencies without affecting.\n-balance operating leases.\n future payment commitments december 31 .\n millions 2019 2020 2021 2022 - 2023\n long-term debt interest $ 508  $ 1287 3257 8167 13219\n operating leases 167 244 159  119  689\n data acquisition  289  467  135  4  895\n purchase obligations 17  22 15  8  62\n commitments unconsolidated affiliates 2014\n benefit obligations 25  27  29  81  162\nuncertain income tax positions 17 2014\n $ 1023 $ 2047 $ 3595 $ 8379 $ 15044\n interest payments debt based interest rates december 31 2018.\n purchase obligations agreements enforceable binding terms quantities pricing timing.\n committed invest $ 120 million private equity funds.\n funded $ 78 million $ 42 million remaining unable predict.\n expected future benefit payments pension postretirement benefit plans contributions 2019 pension.\n cash contributions $ 31 million defined benefit plans 2018 estimate $ 25 million 2019.\n interest rates legislation estimate timing contributions beyond 2019.\n december 31 2018 liability uncertain income tax positions $ 106 million 89 million not included unable predict uncertainties settlement."
}
{
    "_id": "dd4ba6a56",
    "title": "",
    "text": "company agreements with entities kentucky georgia tennessee tax abatement plans.\n tax abatement plans reduction property taxes transferring title industrial revenue bonds.\n property leased back.\n no cash exchanged.\n lease payments equal to bonds.\n tax abatement period extends lease with maturity date bonds.\n purchase property paying bonds.\n terms amounts revenue bond agreement 2017 amount.\n franklin kentucky center 30 years $ 54. $ 51.\n macon georgia 15 years $ 58. $.\n brentwood tennessee center 10 years $ 78. $ 75.\n recorded bonds lease obligation lease-back.\n original cost property equipment depreciated over estimated useful life.\ncapitalized software costs company capitalizes costs acquisition development software amortizes estimated useful life three to five years.\n software internal third-party.\n addition upgrade capitalized functionality extends life.\n costs included in software hardware consolidated balance sheets.\n costs not expensed.\n store closing costs evaluates performance stores closes under-performing.\n records liability costs exit disposal.\n significant.\n amortized depreciation policy lease term charge operations included depreciation expense consolidated statements income.\n leases include rent increases lease term.\n recognizes rental expense records difference deferred rent liability.\n receives reimbursements landlords improving store.\n leasehold improvements recorded gross costs.\n deferred amortized reduction rent expense lease.\nshare-based compensation includes stock option restricted stock unit awards transactions.\n recognized grant value option discount shares employees.\n difference purchase date market value employee purchase price."
}
{
    "_id": "dd4c5d35a",
    "title": "",
    "text": "performance graph five-year return common shares standard 500 index national association real estate trusts equity index.\n $ 100 invested december 31 2009 common shares s&p 500 equity index dividends reinvested commissions.\n assurance performance trends.\n 2013 2014\n vornado realty trust $ 100 123 118 128 147\n s&p 500 index 115 117 136 180\n nareit equity index 128 139 166"
}
{
    "_id": "dd4bce560",
    "title": "",
    "text": "obligations table summarizes obligations december 28 2013.\n millions payments due less years\n -------------------------------------------\n operating lease obligations $ 870 $ 208 $ 298 $ 166 $ 198\n capital purchase 5503 5375 125 2014\n 1859  772 744  307\n long-term debt 22372 429 2360 3761 15822\n-term 1496 569 663 144 120\n $ 32100 $ 7353 $ 4190 $ 4378 $ 16179\n 5503 5375 125 2014 772 744 307 obligations construction purchase property equipment.\n not recorded liabilities balance sheets december 28 2013 goods title.\n licenses agreements non-contingent funding obligations.\n agreements.\namounts represent principal interest cash payments debt obligations anticipated interest not recorded.\n future settlement debt payments.\n estimate future payments uncertain tax positions $ 188 million long-term income taxes excluded.\n uncertain tax positions reduced federal deduction state taxes.\n tax credits.\n.\n amounts future cash payments long-term liabilities short-term.\n contributions.\n.\n pension plans postretirement benefit plans $ 62 million 2014 included funding projections beyond 2014.\n excludes contractual obligations short long debt obligations.\n obligations purchases goods services enforceable quantities price provisions timing.\n cancellation provisions amounts limited non-cancelable minimum cancellation fee.\n agreements purchase raw materials minimum prices quantities market future purchasing requirements.\nuncertainty future market purchasing requirements non-binding obligations not included preceding table.\n purchase orders manufacturing needs fulfilled short.\n orders authorizations binding agreements.\n management financial condition results operations"
}
{
    "_id": "dd4c59dea",
    "title": "",
    "text": "republic services.\n financial statements 2014 monitor credit worthiness financial institutions deposits.\n credit risk limited variety customers markets dispersion operations.\n small commercial large-container industrial municipal residential customers united states puerto rico.\n perform credit evaluations require collateral receivables.\n allowance doubtful accounts credit risk historical trends economic conditions.\n collection transfer recycling disposal energy.\n recorded billed revenue earned claims third parties settled cash.\n estimated realizable value.\n provisions evaluated monthly historical collection experience age information economic conditions.\n review balances account.\n reserves accounts 90 days.\n past due receivable balances written-off collection unsuccessful.\n table activity allowance doubtful accounts years december 31.\n balance beginning $ 38.\n.22. 6 16. 1\n accounts written-off. 9. 0. 1 23. 1\n balance end year $ 46. 7 $ 38. 9 $ 38. 3\n restricted cash securities december 31 2015 $ 100. million.\n obtain funds tax-exempt bonds financing expenditures landfills transfer stations collection recycling centers.\n deposited trust accounts.\n restricted restricted consolidated balance sheets.\n financial assurance agencies collection contracts landfills environmental remediation permits business licenses.\n cash trust funds escrow accounts.\n cost.\n expenditures additions improvements maintenance repairs charged.\n cost depreciation removed gain loss reflected consolidated statements income."
}
{
    "_id": "dd4984962",
    "title": "",
    "text": "cash flow hedges 2013 changes fair value cash hedges earnings.\n december 31 2008 2007 reductions $ 4 million amortized september 30 2014.\n 2007 no interest rate cash flow hedges.\n earnings impact derivative financial instruments pre-tax income 31 millions 2008 2007 2006.\n interest expense rate hedging\n fuel expense derivatives\n pre-tax income\n fair value debt instruments 2013 short long-term debt estimated market prices borrowing rates.\n december 31 2008 $ 247 million less carrying value.\n december 31 2007 exceeded $ 96 million.\n 2008 2007 $ 320 million $ 181 million fixed-rate debt securities call provisions premiums.\n sale receivables 2013 railroad transfers accounts union pacific receivables.\n.\nupri sells 364-day undivided interest investors.\n total capacity $ 700 million $ 600 million at december 31 2008 2007.\n outstanding interest $ 584 million $ 600 million 2007.\n upri reduced interest decrease receivables.\n not included consolidated financial statements.\n supported by $ 1015 million $ 1071 million 2008 2007.\n interest retained $ 431 million $ 471 million.\n interest included.\n sold carrying value approximates fair value no gain loss.\n value fluctuate affected business volumes credit risks default dilution.\n receivables $ 6 million.\n credit rating below investment grade value investors discontinue facility.\n railroad services sold receivables servicing asset liability fees.\n collected $ 17. 8 billion $ 16.1 billion 2008 2007.\n used proceeds receivables."
}
{
    "_id": "dd4b8ab80",
    "title": "",
    "text": "freesheet paper higher russia lower economic demand.\n sales price pulp decreased.\n wood fiber offset energy chemicals packaging.\n freight costs.\n maintenance downtime costs outage outage saillat mill russia poland lower.\n costs 2013 sales volumes weaker russia flat.\n sales price uncoated freesheet paper decrease russia.\n input costs higher wood energy lower.\n no maintenance outages first quarter.\n paper mills 75% interest.\n sales $ 185 million 35 million.\n loss 16 million.\n papers sales $ 85 80.\n profits improved $ 1 million.\n.\n pulp sales 725 million.\n profits $ 59 million.\n sales volumes increased start-up pulp production franklin mill.\n sales price lower fluff market pulp.\n input costs wood energy.\n freight costs.\noperating costs unfavorable start-up franklin mill.\n maintenance lower.\n sales volumes flat fourth quarter 2012.\n sales price realizations improve increases paper tissue pulp.\n input costs flat.\n maintenance $ 9 million higher 2012.\n manufacturing costs franklin mill lower.\n demand pricing correlate spending economic activity.\n raw material energy freight costs manufacturing efficiency product mix.\n net sales 2012 decreased 15% 2011 7% 2010.\n operating profits increased 64% 2011 29% 2010.\n.\n profits 27% lower 2011 23% higher 2010.\n lower raw material costs maintenance lower sales price realizations unfavorable product mix lower sales volumes increased downtime higher operating costs 40.\n profits gain $ 3 million sale $ 129 million asset impairment charge $ 72 million charges.\n.\n2010\n sales $ 3170 3710\n profit\n north american packaging sales $. billion 2012. billion 2011. billion 2010.\n profits $ 165 million 35 236 million 2011 $ 97 million 105 million 2010.\n coated paperboard sales lower weaker market demand.\n folding carton board.\n costs wood offset chemicals energy.\n maintenance costs.\n market down time 113000 tons 2012 38000 2011."
}
{
    "_id": "dd4c1e8a8",
    "title": "",
    "text": ".\n submission no matters submitted fourth quarter 2005.\n.\n 2019s common equity issuer purchases series common stock traded new york stock exchange since january 21 2005.\n closing sale price march 6 2006 $ 20. 98.\n table high low intraday sales prices share periods.\n high low\n march $ 18. $.\n $ 18. $ 13.\n $ 20. $ 15.\n 312005 $ 19. $ 15.\n shares 2019s series common stock issued.\n march 6 2006 51 holders one holder perpetual preferred stock.\n shareholder base approximately 6800 march 6 2006.\n dividend policy 2005 quarterly cash dividend share common stock 1% $ 16 price per share initial public offering. second quarter 2005.\ncompany paid quarterly dividends $ 0. 04 per share august november 1 2005 february 1 2006.\n anticipated annual cash dividend $ 25 million.\n no assurance sufficient cash dividend.\n dividends declared paid funds set aside unless unpaid dividends.\n board may modify revoke dividend policy.\n pay quarterly dividends subject available funds.\n declare pay set apart funds dividend junior stock parity redeem purchase acquire junior stock stock unless paid set apart funds unpaid dividends.\n company paid quarterly dividends $ 0. 265625 4. 25%. convertible preferred stock august 1 2005 november 1 february 1 2006.\n anticipated annual cash dividend approximately $ 10 million."
}
{
    "_id": "dd4bde5c8",
    "title": "",
    "text": "finance operations capital expenditures generated cash borrowings senior secured asset-based revolving credit facility.\n current funds sufficient cash requirements next year.\n future macroeconomic adequate liquidity funding longer-term needs.\n factors impact funds.\n cash business plan economic conditions.\n december 31 2014 significant debt refinancings.\n recorded loss on extinguishment long-term debt $ 90. 7 million consolidated statement.\n note 7 financial statements.\n november 6 2014 board approved $ 500 million share repurchase program repurchase shares common open market privately negotiated transactions depending share price market conditions.\n obligate suspended without notice.\n no shares repurchased program.\n 2014 dividend activity.\n dividend amount declaration date record payment date\n.\n.may 8 27 june 10\n $. july 31 august 25 september 10\n $ 0. 0675 november 6 25 december 10\n february 10 2015 board declared quarterly cash dividend $ 0. 0675 per share.\n paid march 10 2015 stockholders february 25 2015.\n future dividends discretion results financial condition business prospects capital requirements contractual restrictions indebtedness law tax considerations.\n limited restrictions subsidiaries current future agreements indebtedness.\n"
}
{
    "_id": "dd4c52d60",
    "title": "",
    "text": "fair value options vested 2017 2016 2015 $ 6. million. $ 7. million.\n intrinsic value fortune brands stock options 2015 $ 70. 6 million $ 88. million $ 78. million.\n performance awards granted officers employees right earn shares common stock-wide performance conditions diluted earnings per share return invested capital net assets ebitda three-year period.\n compensation cost amortized expense three based probability performance targets.\n fair value high low stock price date grant.\n table summarizes performance share awards december 31 2017.\n awards granted.\n 31 2016.\n.\n.\n.\n 31 2017.\n remaining unrecognized pre-tax compensation cost awards $ 6. 8 million weighted-average 1. 3 years.\nperformance share awards 2017 $ 5. 6 million 100580 shares.\n compensation outside directors.\n issued annually quarter.\n directors fees defer payment.\n compensation cost expensed fair value.\n 2017 2016 2015 awarded 15311 16471 19695 shares common stock outside directors average fair value $ 63. 43 $ 57. 37 $ 46. 21 .\n.\n closed new hires.\n retirement benefits 55 65.\n right future benefits.\n determined employee length service earnings.\n employer contributions.\n.\n service cost 2017 benefit accruals hourly union defined benefit plan.\n accruals plans frozen december 31 2016."
}
{
    "_id": "dd4bb7e1e",
    "title": "",
    "text": "limitations effectiveness controls.\n prevent errors fraud.\n system objectives met.\n design resource constraints benefits relative costs.\n assurance misstatements error fraud fraud.\n assumptions future events assurance goals future conditions.\n subject risks.\n controls inadequate changes conditions compliance policies.\n fail meet financial reporting obligations reputation business operating results harmed market price stock decline.\n.\n unresolved.\n.\n december 31 2016 major facilities feet millions united states.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.19. 50\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n. 7 9\n feet unitedstates othercountries 31. 19\n.\n 34. 26 60\n leases municipal grants land expire 2109.\n leases 2058 renewals.\n executive offices.\n wafer manufacturing activities.\n wafer fabrication facilities reserving building for additional capacity future technologies.\n construction equipment installation.\n information 201cmanufacturing.\n facilities suitable purposes productive capacity.\n.\nproperty plant equipment 4 operating segments geographic information ii 8.\n.\n 201cnote 20 commitments contingencies ii 8.\n.\n mine safety disclosures."
}
{
    "_id": "dd4be4a2c",
    "title": "",
    "text": "marketaxess holdings.\n consolidated financial statements 2014 effect financial operations.\n.\n net income.\n march 5 2008 acquired capital stock greenline financial technologies.\n illinois provider integration management solutions ten percent capital stock tradehelm. delaware.\n broadens technology services client base diversifies revenues beyond trading.\n results operations greenline included in consolidated financial statements acquisition.\n consideration acquisition $ 41. 1 million $ 34. 7 million cash 725923 shares common stock $ 5. $ 0. 6 million acquisition-related costs.\n sellers $ 3. million cash earn- out targets 2008 2009.\n $ 1. 4 million paid 2009 $ 42. 4 million.\n 2009 earn-out target.\n $ 2.purchase price deposited escrow indemnity distributed sellers 2009.\n shares common stock released installments december 2008 2009.\n value discounted market non-marketability.\n purchase price allocation amortizable intangibles $. million acquired technology $. million customer relationships 1. million non-competition agreements $. million tradenames.\n ten five years customer relationships.\n not deductible tax.\n financial information december 2008 2007.\n not indicative results.\n.\n acquisitions.\n cash 6406\n accounts receivable 2139\n amortizable intangibles 8330\n goodwill 29405\n deferred tax assets 3410\n other assets 1429\n accounts payable accrued expenses deferred revenue\n purchase price $ 42418"
}
{
    "_id": "dd4b8ea14",
    "title": "",
    "text": "investment $ 15. billion 95% inflows institutional remaining $. 8 billion 5% retail hnw.\n contribution plans.\n $ 13. 1 billion new business 2012.\n inflows $ 18. 5 billion offset outflows $ 2. 6 billion emea asia-pacific.\n strategies 2022 52% $ 140. 2 billion multi-asset $ 14. 1 billion new business $ 1. 6 billion $ 12. 4 billion foreign exchange gains.\n equity fixed income alternative components.\n risk diversification.\n 2022 $ 69. 9 billion $ 20. 8 billion 42%.\n new business $ 14. 5 billion year-over-year 30%.\n institutional investors 90% defined contribution plans 80%.\n remaining 10% retail.\n lifepath retirement.\nproducts utilize asset allocation model risk return retirement.\n 2022 fiduciary management services 22% $ 57. 7 billion multi-asset aum 2012 increased $ 7. 7 billion market foreign exchange gains.\n complex mandates pension sponsors retain responsibility management.\n services require partnership clients investment staff trustees strategies risk budgets return objectives.\n new business acquired market.\n commodities\n totaled $ 109. 8 billion year-end 2012 up $ 4. 8 billion 5% $ 3. 3 billion portfolio valuation gains $ 7. billion new assets acquisitions.\n alternative outflows $ 3. 9 billion driven by return capital.\n net outflows $ 5. billion offset by inflows $ 3.ishares funds.\n alternatives platform acquisition srpep renewable power initiative alternatives retail platform $ 10. billion.\n.\n institutional investors 69% $ 75. 8 billion alternatives retail hnw investors 9 % $ 9. 7 billion 2012.\n ishares remaining $ 24. 3 billion 22% 22 aum.\n clients geographically diversified 56% 26% 18% americas emea asia-pacific.\n blackrock alternative investors group investment"
}
{
    "_id": "dd4bb1b68",
    "title": "",
    "text": "republic services.\n financial statements 2014 2008 board directors amended.\n 2006 incentive stock plan allied waste industries.\n.\n shareholders approved may 2006.\n amended restated december 2008 republic new sponsor references common stock awards shares allied acquisition.\n non- qualified stock options incentive stock options restricted stock stock bonuses units appreciation rights performance awards dividend equivalents cash awards awards.\n december 2008 vested nonforfeitable closing.\n no further awards lattice binomial option-pricing model grants.\n compensation expense straight-line service period retirement.\n volatility based recent year historical rolling average.\n risk-free interest rate federal reserve rates.\n historical data estimate future option exercises forfeitures. expected life.\n groups similar behavior considered separately valuation.\n weighted-average stock options 2014 2013 2012 $ 5. 74. 27 4. 77 option calculated assumptions.\n volatility 27. 5%. 5 %. 9 %. 8 %\n risk-free interest rate. 4%. 4 %. 7%. 7 %. 8% 8 %\n dividend yield. 2%. 2 %. 2 %\n life. 6\n life 7."
}
{
    "_id": "dd4c3f4c2",
    "title": "",
    "text": "performance graph compares five-year performance alcoa 2019s common stock standard 500 materials index 27 companies 201cmaterials market sector.\n. five-year return initial investment $ 100 december 31 2010 dividends reinvested alcoa.\n s&p 500.\n 2010 2011 2012 2014 2015\n alcoainc. $ 100 $ 57 $ 58 $ 72 $ 107 $ 68\n s&p 500 aeindex 102 118 157 178\n s&p 500 aematerials index 130\n 2019s division mcgraw-hill companies.\n.\n research data group.\n."
}
{
    "_id": "dd497cdca",
    "title": "",
    "text": "earnings first quarter 2007 lower fourth quarter 2006.\n containerboard export sales volumes decline main tenance outages.\n.\n converted products higher more shipping days demand ship ments.\n sales price comparable fourth- quarter averages.\n containerboard price increase january realized second quarter.\n costs wood energy starch adhesives freight increase.\n manufacturing costs higher main tenance outages.\n results improve higher sales volumes margins offset manufacturing costs.\n packaging demand pricing spending economic activity.\n profitability raw material energy costs manufacturing efficiency product mix.\n net sales increased 2005 7% 2004.\n profits 8% declined 15% 2004.\n higher sales volumes improved sales price reduced lack-of-order downtime offset higher raw material costs freight costs costs.\n.\n profit\npaperboard sales $ 1. 5 billion 2006 higher $ 1. 3 2005. 2004.\n volumes increased folding board demand.\n mills 4000 tons-order downtime 82000 2005.\n sales price improved folding cupstock.\n profits 51% higher 2006 7% 7 % better 2004.\n manufacturing.\n foodservice sales declined $ 396 million 2006 $ 437 million 2005 $ 480 million 2004 plant.\n sales vol umes lower 2006 higher increases.\n profits improved higher sales prices.\n raw material costs manufacturing costs increased productivity reduced waste.\n sales $ million down 691 2005 687 million 2004.\n sales volumes down weak demand home entertainment consumer products tobacco.\n sales prices lower.\n decline raw material costs inventory adjustment costs.\n2007 coated paperboard sales stronger 2006 folding carton board bristols.\n price increase january.\n manufacturing costs improve.\n foodservice earnings decline weaker.\n sales price realizations higher switch hot cup contain ers product mix.\n shorewood sales volumes decline offset pricing improvements improved product mix.\n markets products services"
}
{
    "_id": "dd49785cc",
    "title": "",
    "text": "aes corporation financial statements 2014 december 31 2017 2016 2015 dispatched february 2018.\n aes puerto rico lowest cost epa compliant energy provider puerto rico.\n critical supplier prepa.\n prepa facing economic challenges july 2 2017 filed bankruptcy.\n aes puerto rico ilumina non-recourse debt $ 365 million $ 36 million default current december 31  2017.\n november 2017 aes signed forbearance standstill agreement lenders action.\n march 22 2018.\n receivable balances rico december 31 2017 $ 86 million $ 53 million overdue.\n collecting overdue prepa.\n $ 627 million recoverable 2017 no reserve receivables.\n foreign currency risks operates foreign countries impacted currency exchange rates.\n.\n earnings.\ngeographical diversity company significant concentration customers fuel supply.\n businesses rely on ppas output.\n no single customer 10% revenue in 2017 2016 2015.\n cash flows results depend on credit quality obligations ppas fuel supply agreements.\n ppas fuel supply modified terminated replace contracts terms.\n.\n businesses panama dominican republic partially owned by governments.\n energy purchase sale transmission agreements institutions.\n two mexico offtakers influence boards.\n offtakers nominal ownership.\n provide capacity energy arrangements equity accounting.\n company provides support management services affiliates.\n consolidated statements operations transactions with related parties.\n years december 31, 2017 2016 2015\n revenue 2014non $ 1297 $ 1100 $ 1099\n cost sales 220 210 330\nincome 8\n expense 36 39"
}
{
    "_id": "dd4bbd5e4",
    "title": "",
    "text": ".\n 2012 results lower $ 53. 1 million premium-services margins marketing margins $ 96. million seasonal price differentials marketing optimization $ 87. 7 million storage demand costs.\n loss storage hedges $ 1. million $ 8. 5 million 2011.\n premium services impacted lower natural gas prices volatility.\n reduced storage margins.\n marketing margins.\n loss transportation margins $ 42. 4 million $ 18. 8 million 2011 $ 29. 5 million decrease transportation hedges.\n impacted narrow price location differentials inability.\n supply natural location seasonal price differentials narrowed.\n transportation contracts unprofitable.\n operating costs employee expenses.\n expense $ 10. 3 million impairment goodwill.\n impairment reduced goodwill balance.\n.\nenergy services 2019 net margin 2022 decrease $ 65. 3 million transportation margins narrower location price differentials lower hedge settlements 2022 decrease $ 34. 3 million storage marketing margins 2013 storage price differentials unrealized value changes hedges 2022 decrease $ 7. 3 million premium-services margins low commodity prices reduced natural gas price volatility 2022 decrease $ 4. 3 million financial trading margins low gas prices trading.\n 2011 net margin $ 91. 1 million adjustments natural gas inventory cost value.\n reclassified $. million deferred gains cash flow hedges earnings.\n operating costs ad valorem taxes.\n energy services segment.\n 2012 2011 2010\n natural gas\n gross margin.\n settled volumes 1433\nnatural gas decreased 2012 marketing lower volumes reduced capacity.\n decrease 2011 lower reduced capacity.\n location price differentials increased supply natural gas shale increased pipeline capacity new construction."
}
{
    "_id": "dd4bb8602",
    "title": "",
    "text": "distribution table presents doors location ralph lauren products sold march 31 2012.\n americas 6587\n 4377\n asia\n 11047\n american living chaps products sold 1800 doors.\n three key wholesale customers sales volume.\n 40% wholesale revenues macy.\n 20% revenues.\n brands sold sales.\n showrooms new york.\n regional showrooms chicago dallas milan paris london munich madrid stockholm tokyo.\n shop-within-shops.\n brand recognition merchandising presentation.\n customized fixtures wall cases decorative items flooring.\n march 31 2012 18000-shops lauren products worldwide.\n size 300 to 7400 square feet.\n share cost building customers.\n stock replenishment.\nknit shirts chino pants shirts accessories home products stock replenishment programs.\n ship two-to-five days receipt.\n 2012 379 stores 2. 9 million square feet 474 six e-commerce websites.\n extension direct-to-consumer reach goal.\n reinforce luxury image exclusive lines.\n opened 10 acquired 3 closed 16 2012.\n upscale street locations regional malls urban markets."
}
{
    "_id": "dd4c25860",
    "title": "",
    "text": "realty trust contribute $ 959000 2004.\n.\n leases leases space.\n fixed rentals monthly.\n shopping center leases pass real estate taxes insurance maintenance.\n reimburse operating costs real estate taxes.\n additional rent tenants 2019 sales.\n future base rental revenue non leases excluding less one year renewal options.\n 2004 1084934\n 2005\n 2006\n 2007\n 2008\n rentals 2019 sales.\n percentage rents $ 3662000 1832000 $ 2157000 years 2003 2002 2001.\n.\n. 7%. revenue 10% total revenues 31.\n former rentals include $ 5000000 additional rent re-allocated locations marlton turnersville bensalem broomall payable stop shop master agreement guaranty may 1  1992.\nrent stop shop former bradlees locations.\n january 8 2003 complaint court right reallocate $ 5000000 annual rent expiration east brunswick jersey city middletown union woodbridge leases.\n expires 2012 complaint.\n february 2003 koninklijke ahold parent overstated 2002 2001 earnings $ 500 million investigation.\n justice department securities exchange commission.\n effect bradlees guarantees leases $ 10. 5 million per annum.\n consolidated financial statements. 4/8/04"
}
{
    "_id": "dd4b9fab2",
    "title": "",
    "text": ".\n junior subordinated debt securities issued march 29 2004 $ 329897 thousand 6. 2%. securities may 24  2013.\n incurred pre-tax expense $ 7282 thousand amortization capitalized issuance costs securities.\n interest expense.\n 2015 2013\n interest expense\n guarantee payment obligations.\n.\n reinsurance trust agreements subsidiaries investments security assumed losses non-affiliated ceding companies.\n december 31 2015 total deposit trust accounts $ 454384 thousand.\n april 24 2014 two collateralized reinsurance agreements kilimanjaro limited bermuda reinsurer catastrophe reinsurance coverage.\n multi-year storm earthquake events.\n first agreement $ 250000 thousand reinsurance coverage storms southeastern united.\nsecond agreement provides $ 200000 thousand storms southeast mid-atlantic northeast united states puerto rico earthquakes southeast.\n november 18 2014 company collateralized reinsurance agreement kilimanjaro.\n multi-year covers earthquake events.\n $ 500000 thousand states puerto rico canada.\n december 1 2015 two collateralized agreements kilimanjaro.\n multi-year.\n first agreement $ 300000.\n second agreement $ 325000.\n kilimanjaro financed catastrophe catastrophe bonds investors.\n april 24 2014 kilimanjaro issued $ 450000 notes.\n november 18 2014 $ 500000.\n december 1 2015 issued $ 625000 thousand notes.\nproceeds series 2014-1 2015-1 held reinsurance trust invested us government funds rating 201caaam 201d standard."
}
{
    "_id": "dd4c65c30",
    "title": "",
    "text": "equity securities three months december 31 2012 repurchased 619314 shares common stock approximately $ 46. 0 million including commissions fees stock repurchase program number shares purchased average price paid share dollar value.\n average price paid share dollar value\n october 2012 27524 $ 72.\n november 2012 $ 74. $ 1263.\n december 2012 102400 $ 74. $ 1256.\n fourth quarter 619314 $ 74.\n repurchases $ 1. 5 billion stock repurchase program march 2011.\n management authorized purchase shares open market purchases prevailing prices securities laws requirements subject market conditions.\nfacilitate repurchases rule 10b5-1 exchange act insider trading laws trading blackout.\n program discontinued.\n average price per share calculated price excluding commissions fees.\n 2011 buyback 31 2012.\n january 2013 repurchased additional 15790 shares $ 1. 2 million.\n january 21 2013 repurchased 4. 3 million shares $ 245. 2 million.\n manage remaining $ 1. 3 billion 2011 buyback market conditions."
}
{
    "_id": "dd4be50b2",
    "title": "",
    "text": "management business segments sales income.\n performance coatings sales $ 4716 2007 $ 3811 income $ 582 2007 $ 563\n industrial coatings 3999\n architectural coatings\n optical specialty materials\n commodity chemicals 1837\n coatings sales increased $ 905 million 24% % 2008.\n 21% acquisitions marine coatings.\n sales grew 3% higher selling prices 2% 2 foreign currency translation.\n volumes declined 2% offset aerospace protective marine.\n volume growth aerospace.\n income increased $ 19 million 2008.\n acquisitions lower overhead costs foreign currency translation.\n higher selling prices inflation.\n reduced lower sales volumes architectural coatings automotive refinish.\n industrial coatings sales increased $ 353 million 10% 2008.\nincreased 11% acquisitions sigmakalon coatings.\n 3% foreign currency 1% higher selling prices.\n volumes declined 5%.\n declines automotive industrial.\n canada.\n declines european asian.\n gains asia north america.\n income declined $ 158 million lower volumes inflation higher raw material freight costs increased selling prices.\n declined higher selling distribution costs bad debt expense.\n earnings acquired foreign currency lower manufacturing costs.\n architectural coatings sales $ 2249 million.\n.\n $ 141 million amortization $ 63 million depreciation 58 million.\n optical specialty materials sales increased $ 105 million.\n 5% higher volumes 3% foreign currency 2% 2 % increased selling prices.\n income increased $ 9 million.\n sales volumes selling marketing costs.\n selling prices raw material costs.\nchemicals sales increased $ million 19% 19 % 2008.\n 18% prices 1% 1 improved volumes.\n income increased $ 97 million.\n higher prices raw material energy.\n manufacturing costs margin equity earnings.\n sales decreased $ 281 million 13%.\n 11% divestiture automotive 4% 4 lower volumes.\n 2% 2 % higher prices.\n income decreased $ 68 million.\n divestiture lower volumes inflation lower equity earnings.\n lower manufacturing costs higher selling prices stronger foreign currency.\n activity volatile downward.\n american economy.\n.\n"
}
{
    "_id": "dd4b971e6",
    "title": "",
    "text": "part ii item 7 maturity us dollar debt schlumberger interest 4. 74%.\n proceeds repay borrowings.\n april 20 2006 schlumberger approved share repurchase program 40 million shares common stock before april 2010.\n second quarter 2008.\n april 17 2008 $ 8 billion repurchase program before december 31 2011 $ 1. 43 billion repurchased december 31 2009.\n table summarizes repurchase programs cost average price paid share.\n $.\n 2008.\n 2007.\n cash flow $ 5. 3 billion 2009 $ 6. 9 billion 2008. billion 2007.\n decline cash flow decrease net income pension plan contributions offset working capital requirements.\n 2008 net income increase investments working capital.\nreduction cash flows schlumberger customers global economic conditions financial condition.\n delay nonpayment amounts owed to schlumberger.\n experienced delays payments.\n operates in 80 countries.\n three countries 5% receivable balance approved increases quarterly dividend 20% 40%.\n total dividends 2009 2007 were $ 1. billion $ 964 million $ 771 million.\n capital expenditures $ 2. 4 billion 2009 $ 3. 7 billion 2008 $ 2. 9 billion 2007.\n record activity levels.\n decrease 2009 due to activity decline 2009.\n capital expenditures expected approach $ 2. 4 billion 2010. 2008\n expenditures $. 3 billion."
}
{
    "_id": "dd4c5739c",
    "title": "",
    "text": "three-year period ownership five percent company equity securities.\n ownership change.\n section 382 pre-change nol carryforwards offset post-change income.\n limitation.\n section 382 preclude federal nol carryforwards sufficient taxable income future.\n federal nol carryforwards 2028.\n december 31 2014 2013 state nols $ 542705 $ 628049 portion offset valuation allowance.\n 2015 2033.\n canadian nol carryforwards $ 6498 $ 6323.\n majority offset valuation allowance.\n expire 2015 2033.\n capital loss carryforwards $ 3844.\n recognized full valuation allowance capital loss carryforwards.\n files income tax returns united states jurisdictions.\n no longer subject.\n.\n income tax examinations before 2008.\n.\n tax year 2011 closed.\n company state income tax examinations adjustments.\n patient protection care act march 23 health care education reconciliation act 30 ppaca.\n changes tax treatment federal subsidies retiree health benefit plans medicare.\n subsidy payments taxable after december 31 2012 company reduction deferred tax assets increase regulatory assets $ 6348 $ 6241 december 31 2014 2013.\n gross liability unrecognized tax benefits.\n balance january 1 2013 $ 180993\n increases 27229\n decreases\n december 31 2013 177947\n increases\n decreases\n december 31 2014 $ 195237\n interest penalties $ 157 $ 242 december 31 2014 2013 income tax expense.\n"
}
{
    "_id": "dd4c51064",
    "title": "",
    "text": "discount rate.\n cash flow discounted risk time value.\n market approach valuation prices transactions.\n use multiples comparables.\n cost approach cost replacing asset used property equipment.\n cost reflects cost less loss depreciation.\n preliminary purchase price allocation $ 2. 8 billion goodwill amortizable tax.\n mst business segment.\n attributable revenue synergies integration products technologies sikorsky costs consolidation intangible assets.\n determining fair value assets liabilities requires judgments future cash flows long-term growth rates discount rates.\n cash flows analyses based future sales earnings cash flows market conditions customer budgets orders orders contracts labor agreements working capital business plans performance.\n different estimates judgments could different results.\n2015 financial results sikorsky 2019s included november 6 through december 31.\n results reflect full sikorsky.\n sikorsky generated net sales $ 400 million operating loss $ 45 million intangible amortization adjustments.\n incurred $ 38 million non-recoverable transaction costs acquisition.\n consolidated statements.\n incurred $ 48 million costs $ 7. billion november 2015 notes borrowings 364-day facility acquisition.\n financing costs recorded reduction debt amortized interest expense debt.\n supplemental pro financial information 2014.\n net sales $ 50962 $ 53023\n net earnings\n earnings per common share.\n diluted earnings.\n calculated after accounting policies adjusting historical results sikorsky acquisition january 1 2014.\nforma adjustments amortization assets interest short-term debt.\n fair value january 2014 amortization $ 125 million $ 148 million interest $ 42 million $ 48 million.\n nonrecurring adjustments $ 72 million pension curtailment loss $ 58 million income tax charge foreign subsidiaries."
}
{
    "_id": "dd4c5029a",
    "title": "",
    "text": "jpmorgan chase.\n 2008 annual report 115 measure.\n risk profile.\n mortgage pipeline warehouse loans hedges.\n revised measure derivative structured liabilities credit.\n excludes nontrading private equity principal investing. financing tax-oriented investments. corporate balance sheet capital manage positions longer-term investments.\n managed earnings-at-risk cash flow monitoring.\n nontrading principal investing private equity stress scenario analyses.\n 95% 95 confidence interval average drop $ 85 million third quarter.\n daily losses twelve times year.\n table basis point increase jpmorgan chase credit spreads.\n 31 2008 firm 2007 heritage jpmorgan chase.\n valuation adjustment sensitivity 1 basis point increase credit spread.\n 31 2008\n 2007\nloss advisories drawdowns management trading losses remedies.\n economic value stress testing risk loss exposure events abnormal markets.\n conducts stress tests nontrading two weeks credit spreads equity prices interest rates rise.\n risks business segments adverse moves complex portfolios.\n risk profile economic events.\n stress testing risk.\n enhances risk profile loss poten losses monitored.\n one-off approvals cross-business risk measure economic capital allocation.\n results trends explanations provided two weeks senior management business-sensitive positions.\n earnings-at-risk stress testing economic market variables.\n effect interest rate exposure net income.\n rate risk exposure non trading business activities. results from on- off-balance sheet positions differences timing assets liabilities-balance instruments.\nliabilities reprice quicker assets interest rates declining earnings increase.\n differences assets liabilities instruments.\n more deposit liabilities repricing interest rates declining earnings increase.\n differences long-term interest rates.\n yield curve.\n earnings affected by increase short-term rates liabilities. without long-term rates assets.\n higher long-term rates beneficial to earnings not rising short-term rates.\n changes maturity assets.\n more borrowers pay down higher rate loan balances interest rates declining earnings decrease.\n firm manages interest rate exposure.\n interest rate risk transfer-pricing sys.\n liability balances contractual rates principal payment schedules prepayment interest rate reset dates maturities rate indices re-pricing rate ceilings for adjustable rate products.\ntransfer-pricing assumptions reviewed.\n firm conducts interest income nontrading.\n earnings-at-risk tests measure change income impact"
}
{
    "_id": "dd4ba8a5e",
    "title": "",
    "text": "business fluctuations financial markets investment losses.\n disruptions public debt equity markets losses investment portfolio.\n financial markets improved since 2008 could deteriorate.\n disruption market sectors energy sector.\n declines financial losses investments operations equity business insurer financial strength debt ratings.\n results by catastrophic events.\n exposed to unpredictable catastrophic events weather natural catastrophes acts terrorism.\n reduction operating results inhibit dividends meet interest principal obligations.\n past five years pre-tax catastrophe losses contract reinsurance.\n.\n.\n.\n.\n.\n losses from future catastrophic events could exceed projections.\n use underwriting.\n estimate potential catastrophe losses retrocessional coverage limit losses.\nloss projections approximations quantitative qualitative losses exceed projections adverse financial condition results."
}
{
    "_id": "dd4b918b8",
    "title": "",
    "text": "state street corporation financial statements 5. 25%. bank notes 2018 semi annual interest payments april october 15 qualify 2 regulatory capital federal.\n 5. 30%. notes 2016 floating-rate 2015 semi-annual interest payments. january july 15 quarterly march june september december 8.\n 2 regulatory capital.\n.\n unfunded-balance commitments $ 21. 30 billion $ 17. 86 billion december 31 2013 2012.\n losses equal contractual amounts collateral.\n 75% unfunded commitments expire year.\n represent future cash requirements.\n guarantees indemnified securities financing stable value protection unfunded commitments purchase assets standby letters credit.\n losses equal contractual amounts collateral.\n amounts off-balance sheet guarantees december 31 2013 2012.\n participations third parties.\nmillions 2013 2012\n indemnified securities financing $ 320078 $ 302341\n stable value protection 24906 33512\n asset purchase agreements 4685 5063\n standby letters credit 4612 4552\n indemnified securities financing securities brokers institutions.\n indemnify fair market value failure return.\n require maintain collateral equal 100% fair market value.\n collateral revalued daily.\n collateral held not recorded consolidated statement condition.\n invested.\n third-party repurchase agreements indemnify loss principal invested.\n require counterparty provide collateral equal 100%.\n collateral not recorded consolidated statement."
}
{
    "_id": "dd4970e26",
    "title": "",
    "text": "republic services.\n financial statements 2014.\n fuel hedges swap agreements cash flow hedges mitigate exposure diesel fuel prices.\n swaps effective hedges diesel fuel.\n table summarizes fuel hedges december 31 2015 hedged average contract price per gallon.\n 27000000.\n 2017 12000000.\n.\n average price diesel fuel exceeds contract price receive difference counterparty.\n less pay difference counterparty.\n fair values fuel hedges determined standard option valuation models commodity prices.\n aggregate values 2015 2014 liabilities $ 37. million $ 34. 4 million recorded accrued liabilities balance sheets.\n changes fair values loss $ 0. 4 million $. 5 million 2015 2014 gain less than $. 1 million 2013 recorded.\n total gain hedges $.million $. 2 million $. 4 million years 2015 2014 2013.\n recycling commodity hedges revenue old cardboard newspaper.\n swaps costless collars cash flow hedges prices.\n no outstanding recycling commodity hedges december 31 2015 2014.\n amounts recognized income ineffective portion changes values.\n total gain loss recycling commodity hedges $ 0. 1 million $. 1 million 2014 2013.\n no recognized income 2015.\n valuation techniques observable inputs minimize unobservable inputs.\n market data assumptions risk."
}
{
    "_id": "dd4b926f0",
    "title": "",
    "text": "ace limited subsidiaries premiums years december 31 2008 2007 2006 millions.\n dollars amount ceded amount percentage assumed.\n december 31 2007 2006 millions. dollars ceded\n 2008 $ 16087 $ 6144 $ 3260 $ 13203 25%\n 2007 $ 14673 $ 5834 $ 3458 $ 12297 28% 28 %\n 2006 $ 13562 $ 5198 $ 3461 $ 11825 29% 29 %"
}
{
    "_id": "dd4bd2142",
    "title": "",
    "text": "kimco realty corporation subsidiaries financial statements uncertain tax positions subject income tax jurisdictions outside. canada mexico.\n statute limitations three to seven years jurisdiction tax issue.\n tax returns local tax authorities.\n under audit canadian revenue agency mexican tax authority.\n internal revenue service.\n 2011 issued notice adjustment capital loss krs disposition shares valad property ltd. australian listed company.\n assert 100 percent 201d tax disallow capital loss deduction.\n impose 100 percent tax $ 40. 9 million capital loss.\n documentation business purpose transfer.\n disagrees irs 2019 section 482 disposition 100 percent penalty tax capital loss deduction.\n notice protest requested appeals office conference.\nappeals hearing attended by management attorneys irs compliance group officer november 2014 compliance.\n management attorneys.\n consideration appeals officer.\n company believes.\n resolutions financial statements.\n adopted asu 2013-11 reclassified reserve for uncertain tax positions.\n canadian operations.\n unrecognized tax benefits deferred tax assets.\n reduced reserve $ 12. 3 million reduced deferred tax assets.\n total unrecognized tax benefits increase 12 months.\n uncertain tax positions deferred tax assets aggregated $ 10. 4 million.\n liability estimated foreign federal state income tax liabilities statute limitations.\n 2008 through 2014.\n aggregate changes balance unrecognized tax benefits december 31 2014 2013.\n $ 4590 $ 16890\n increases tax positions 59 15\nadoption 2013-11\n balance year $ 4649 $ 4590\n reclassified deferred tax asset adoption 2013-11."
}
{
    "_id": "dd4bae31e",
    "title": "",
    "text": "tower corporation subsidiaries financial statements 2014 december 1 may 31.\n 2008 2007 2006 employees purchased 55764 48886 53210 shares prices $ 30. $ 33. 93 $ 24. 98 .\n fair value estimated black-scholes pricing model expense expected life deductions common stock.\n shares 2008 2007 2006 $ 7. 89 $ 9. 09 $ 6. 79 .\n december 31. million shares future issuance.\n assumptions.\n risk free interest rates 1. 99%. 20143 28%. 4 98%. 01%\n risk-free interest rate 2. 58%. 58 %.\n expected life shares\n volatility stock price 27. 85%. % 51%. 53%. 74%. % 60%. 60 %\nvolatility stock price 28. 51%. 51 %. 22%. 22 % 29. 60%. 60 %\n annual dividends n\n.\n stockholders 2019 equity warrants 2003 issued warrants purchase 11. 4 million shares common stock 808000 units $ 1000 12. 25%. discount notes 2008 14. 0953 shares common stock.\n warrants exercisable january 29 2006 $ 0. per share.\n warrants expired august 1 2008 outstanding december 31 2005 merger spectrasite.\n assumed warrants purchase.\n.\n two shares.\n $ 32 per warrant.\n.\n converted common stock. 575 shares.\n.\n. warrants exercisable 6. 8 million shares.\n 1. 8 million 2. million outstanding december 31 2008 2007.\nwarrants expire february 10 2010.\n stock repurchase repurchased 18. 3 million shares $ 697. 1 million repurchase programs."
}
{
    "_id": "dd4badfea",
    "title": "",
    "text": "2005 results reduction gross profit decrease inventory $ 5. 2 million.\n store pre-opening costs construction expensed.\n property equipment recorded cost.\n depreciation amortization estimated useful lives.\n land improvements\n buildings\n furniture fixtures equipment\n leased properties amortized lease term life.\n impairment long-lived assets evaluates carrying value operating performance future cash flows.\n reviews impairment stores two years cash flows negative.\n carrying value exceeds undiscounted future cash flows.\n estimate historical operations future profitability.\n asset impaired impairment equal difference carrying value asset fair value.\n value estimated future cash flows risk-free rate estimates market value.\n assets adjusted fair value less cost sell less book value.\ncompany charges $ 9. 4 million 2006 $ 0. 6 million 2005 $. 2 million 2004 value negative sales cash.\n 2006 charges strategic initiatives.\n long-term investments expenses debt costs utility deposits insurance goodwill."
}
{
    "_id": "dd4b95daa",
    "title": "",
    "text": "company granted 1020 performance shares.\n vesting goals.\n 2010 dividends accrued common units paid.\n table activity 2010 date.\n december 31 2009 116677\n granted 275\n vested 257\n cancelled\n 31 2010 196462\n total value stock 2008 $ 10. 3 million $ 6. 2 million $ 2. 5 million.\n employees acquire shares common stock after-tax payroll deductions offering periods.\n shares purchased 90% closing price.\n compensation expense recognized.\n 2010 2009 2008 4371 4402 5600 shares issued employees.\n six-month holding.\n annual expense $ 0. 1 million purchase discount recognized.\n non-executive directors annual award common stock equal $ 75000.\n-executive directors receive cash stipend $ 25000 shares closing price.\n 7470 11674 5509 shares common stock issued 2010 2008.\n vesting restrictions.\n expense $ 2. 4 million. stock recognized years 2010 2009 2008."
}
{
    "_id": "dd4bb0bb4",
    "title": "",
    "text": "apple inc.\n 2016 form 10-k stock performance graph shareholder return dividend reinvested s&p 500 s&p information technology index dow jones.\n supersector index five years 24 2016.\n assumes $ 100 invested common stock s&p 500&p.\n index market september 23 2011.\n historic stock price performance not future.\n $ 100 invested 9/23/11 stock index reinvestment dividends.\n last day fiscal year common stock september 30th indexes.\n s&p mcgraw hill financial.\n.\n dow jones.\n.\n.\n apple inc. $ 100 166 183\n s&p 500 index\n s&p information technology index 187\n dow jones. supersector index"
}
{
    "_id": "dd4b95fc6",
    "title": "",
    "text": "corporation financial statements assets recorded goodwill.\n allocation assets acquired.\n intangible assets $ 220\n 115\n net liabilities -50\n assets acquired $ 285\n assets broadcast licenses $ 185 million tradenames $ 27 million customer relationships $ 8 million.\n indefinite amortized 6 years.\n group news services segment separate reporting unit goodwill review.\n business 2016. sold european business $ 140 million pre-tax gain $ 107 million fiscal year 2017.\n sale core businesses australia asia.\n used $ 62 million additional acquisitions 2017 australian regional media.\n news services.\n.\n charges $ 92 million $ 71 million $ 142 million fiscal years $ 77 million $ 58 million $ 133 million news information services segment.\ncharges 2019 2017 termination benefits."
}
{
    "_id": "dd4b8d65a",
    "title": "",
    "text": "entergy deferral 2004 $ 7. million fossil plant maintenance costs new orleans stipulation city council.\n 2003 2002 net revenue operating revenues fuel power expenses regulatory credits.\n net revenue 2003 2002.\n 2002 revenue 4209.\n base rate increases.\n decreases.\n deferred fuel cost revisions.\n asset retirement obligation.\n wholesale revenue.\n. settlement agreement -154.\n.\n 2003 net revenue.\n increases entergy mississippi new orleans january 2003 june.\n rate decreases.\n 2003 base rate decrease $ 22. million minimal net income reduction nuclear depreciation decommissioning expenses.\n deferred fuel cost revisions revised sales pricing estimate 2002 costs louisiana.\n asset retirement obligation variance.\nestimates 2013 nuclear decommissioning costs.\n increase offset depreciation decommissioning expenses net income.\n wholesale revenue sales volume municipal cooperative customers.\n march 2002 settlement agreement ice storm settlement.\n deferred revenues entergy arkansas revenue.\n decrease offset operation maintenance expenses minimal income.\n fuel cost recovery $ 682 million $ 53 million electric gas higher fuel rates.\n increase offset fuel power expenses."
}
{
    "_id": "dd4ba8c48",
    "title": "",
    "text": "humana.\n financial statements 2014 grant-date fair value estimated option-pricing models.\n tax effects stock option reported financing cash.\n adopted sfas 123r january 1 2006.\n expensing stock options diluted earnings share 2005 2004 2003 disclosed page 69.\n classification cash inflows tax benefit stock options financing impact.\n operating financing cash flows $ 15. 5 million 2005 $ 3. 7 million 2004 $ 15. 2 million 2003.\n stock option expense sfas 123r stock options 2006.\n.\n 2006 commercial segment $ 60. million excess statutory surplus.\n second quarter 2006.\n december 20 2005 acquired corphealth. cash $ 54. 2 million.\n medical behavior health benefits.\n assets $ 6. million cash equivalents.\npurchase price exceeded $ 48. million.\n allocated excess assets $ 8. million deferred tax liabilities $ 3. million non-deductible goodwill $ 42. million.\n customer contracts life 14. years.\n allocation change valuation.\n 16 2005 government acquired careplus health plans florida medical centers pharmacy.\n medicare plans benefits miami broward palm beach counties.\n acquisition enhances medicare market position south florida.\n paid $ 444. million cash.\n financed $ 294. million borrowings $ 150. million cash.\n purchase price subject balance sheet settlement nine month-out.\n.\n fair value acquired assets.\n cash equivalents\n premiums receivable assets\n property equipment\n medical expenses\n"
}
{
    "_id": "dd4bb4980",
    "title": "",
    "text": "71 94 consolidated financial statements corporation subsidiaries.\n shareholders 2019 equity october 24 2007 discontinuance discount reinvestment dividends voluntary stock purchase plan non- employee shareholders.\n 5 percent discount discontinued november 1 2007.\n accumulated earnings loss $ millions foreign currency translation pension postretirement items tax financial derivatives earnings.\n foreign currency pension postretirement items financial derivatives\n 31 2004 148. 9 -126. 3 126. 10. 33.\n -74. -43. -133. 133.\n 31 2005 74. -169. 169. -5.\n 57. 55. 6. 119.\n. -47 47.\n 31 2006 131. -161. 161 29.\n 90. 57. 136.\n 31 2007 221. 8 -104..\n 2006 annual report shareholders equity 31 2006 transition adjustment $ 47. million net tax sfas.\n 158 benefit pension amendment statements.\n 87 88 106 132 2006 earnings.\n amounts revised reporting.\n reinvest foreign earnings.\n no taxes foreign currency translation.\n change pension postretirement items tax expense $ 31. million $ 2. million 2007 2006 $ 27. million 2005.\n derivatives tax $. 2 million 2007 $ 5. million 2006 $ 10. million 2005.\n stock-based compensation programs january 1 2006 adopted sfas.\n payment revision.\n.\n.\n standard accounting equity instruments goods services stock option restricted stock grants.\ndifferences ball expense recorded new stock option grants nonvested grants january 2006 deposit share program variable market value.\n sfas.\n 123 ball modified prospective transition method black-scholes valuation model."
}
{
    "_id": "dd4bba18c",
    "title": "",
    "text": "network corporation financial statements ciel ii.\n canadian dbs satellite launched december 2008 commercial operation february 2009.\n capital lease depreciated.\n leased 100% capacity 10 year term.\n 31 2011 2010 $ 500 million capitalized satellites acquired capital leases depreciation $ 151 million $ 109 million.\n $ 43 million depreciation expense satellites capital lease 2011 2010 2009.\n future minimum lease payments present net minimum lease payments.\n 2012 $ 84715\n 2013\n 2014\n 2015\n 2016\n 314269\n lease payments 705113\n executory costs insurance -323382\n net 381731\n interest\n lease payments 271908\n long-term capital lease obligations $ 242706\nfuture maturities long-term debt december 31 2011 commitments table note 16.\n.\n future tax effects differences tax assets liabilities balance operating loss tax credit.\n tax assets offset valuation allowances.\n valuation.\n financial information taxable income planning opportunities.\n consolidated tax returns.\n taxes subsidiaries.\n statements.\n december 31 2011 no net operating loss carryforwards federal tax $ 13 million benefit state tax.\n expire 2020.\n $ 5 million tax benefits credit carryforwards partially offset valuation allowance $ 14 million capital loss carryforwards offset valuation allowance.\n carryforwards expire 2012."
}
{
    "_id": "dd4bc774c",
    "title": "",
    "text": "pnc financial services group.\n 2013 form 10-k pnc indemnification obligations subject to pending legal proceedings monetary damages relief.\n anticipate liability financial position.\n determine claims results future reporting loss income reported.\n commitments outstanding not included consolidated balance sheet.\n table outstanding commitments extend credit december 31 2017 2016.\n commitments to extend credit commitments millions.\n commitments extend credit\n commercial lending $ 112125 $ 108256\n home equity lines of credit 17852 17438\n credit card 24911 22095\n other 4753 4192\n commitments to extend credit 159641 151981\n standby letters ofcredit 8651 8324\n reinsurance agreements 1654 1835\n bond purchase agreements 843 790\n other commitments 1732 967\ncommitments to extendcredit $ 172521 $ 163897\n commitments lend funds provide liquidity contractual conditions.\n fixed expiration dates fee contain termination clauses credit quality.\n issue share risk support obligations to third parties insurance requirements transactions capital markets.\n 91% 94% standby letters rated as pass december 31  2017 2016 remainder below pass.\n pass risk loss low below pass higher risk.\n customer fails obligation remarketing program make payment.\n letters 2017 terms less than one year to seven years.\n assets of $ 1. 3 billion secured standby letters of credit.\n remaining secured by collateral guarantees obligations.\n liability for obligations was $. 2 billion at december 31 , 2017 included in consolidated balance sheet."
}
{
    "_id": "dd4c3d690",
    "title": "",
    "text": ".\n morgan chase.\n 2003 annual report credit allocation assigned credit allocation pre tax earnings capital credit portfolio.\n periods revised allocation.\n increased pre-tax results $ 36 million allocated capital $ 712 million decreased sva $ 65 million.\n $ 46 million lower 2002 lower loan volumes higher expenses credit costs.\n revenue 2004 improved equity markets november 2003 bank january 2004 citigroup electronic funds.\n higher costs acquisitions investments business expansion.\n 2003 revenue diversification investor services 36% institutional trust services 23% treasury services 40% large corporations middle market 18% banks nonbank financial institutions 44% public sector 6% middle east africa 27% asia/pacific americas 64% revenue chase middle market $ 347 million.\n revenue.\ninvestor services 1449 1513 -4\n institutional trust 928 864\n -312 -303\n treasury securities services $ 3992 3%\n $ 41 million gain business 2003 $ 1 million trust 40 million.\n $ 50 million gain.\n securities clearing firm 2002."
}
{
    "_id": "dd4bb3026",
    "title": "",
    "text": "consolidated financial statements 2014 contingencies leases operations leased facilities equipment.\n renewal purchase options property taxes insurance maintenance.\n rent expense leases 2010 2009 2008 $ 32. 8 million $ 30. 2 million $ 30. 4 million.\n future minimum lease payments noncancelable leases may 31 2010.\n 9856\n 2012 3803\n 2013 2538\n 2014 1580\n 2015\n lease payments $ 20133\n party claims lawsuits business.\n financial position liquidity results operations.\n operating taxes unrelated income sales property taxes.\n states foreign jurisdictions.\n additional taxes.\n may 31 2010 2009 liability operating tax items.\n liability based management estimate.\n acquisition merchant credit card operations sponsorship depository processing agreements banks.\nagreements banks 2019 identification numbers visa mastercard credit card transactions visa mastercard.\n agreements contain financial covenants compliance may 31 2010.\n 18 cibc sponsorship visa ten.\n visa sponsorship march 2011.\n"
}
{
    "_id": "dd4bb5fd8",
    "title": "",
    "text": "decreased 2002 to 2004 due earned premium cost containment measures.\n business insurance expense ratio expected decrease 2005 increases earned premium.\n specialty commercial expense ratio increase slightly 2005 business mix exit multi-peril crop insurance program expense reimbursements specialty commercial.\n policyholder dividend ratio earned premium.\n combined loss.\n losses expense $ 100 earned premiums.\n ratio below. underwriting profit above 100. losses.\n ratio decreased 2003 to 2004 expense ratio.\n 2005 could higher or lower catastrophe losses impacted pricing loss cost trends.\n catastrophe ratio catastrophe losses to earned premiums.\n catastrophe $ 25 insured property losses property policyholders insurers.\n losses vary.\n expected catastrophe ratio-term 3. points.\nreduction operation catastrophe reserves $ 298 2004 ratio 5. 3 points.\n management strategy property catastrophe risk management program exposure catastrophe losses.\n combined ratio current.\n profitability volatile catastrophe losses prior.\n combined ratio improved 2002 to 2004 due earned pricing increases favorable claim frequency.\n operations claims asbestos environmental exposures.\n earned premiums underwriting ratios.\n underwriting result meaningful.\n net underwriting loss 2002 2004 due prior accident year loss $ 2. 6 billion net asbestos reserve strengthening 2003.\n reserve estimates uncertain.\n operations segment.\n property casualty investment earnings.\n investment yield after-tax. 1%. 1 %. 2%. %. 5%. 5 %\ncapital gains losses after-tax $ 87  $ 165  $ -44\n investment return property casualty assets important earnings insurance products premiums invested before loss expenses.\n claims paid years premiums generate investment income.\n determines allocation measures yield market indices.\n preservation capital liquidity majority property casualty assets fixed maturities corporate bonds municipal bonds government debt short-term debt"
}
{
    "_id": "dd4c0a4fc",
    "title": "",
    "text": "part ii item 5 2013 market registrant common equity stockholder matters issuer purchases securities common stock listed new york stock exchange traded symbol 201cpnc. close february 16 2017 60763 shareholders.\n entitled dividends declared board directors funds.\n board pay dividends past periods preferred stock capital securities paid.\n quarterly cash dividends.\n future dividends economic market conditions financial condition operating results contractual restrictions government regulations policies regulatory capital limitations.\n dividend subject capital adequacy planning federal reserve bank regulators.\n federal reserve dividends approval.\n information dividend restrictions restrictions loans dividends advances supervision regulation section item 1 risk factors capital liquidity management 7 10 borrowed funds 15 equity 18 regulatory matters consolidated financial statements item 8.\ninformation pnc common stock prices dividends statistical information item 8 report.\n compensation plans pnc equity securities authorized december 31 2016 item 12.\n stock transfer agent registrar computershare trust company.\n 250 royall street canton 800-982-7652 shareholders contact dividends shareholder services.\n common stock performance item 5.\n.\n.\n repurchases pnc common stock fourth quarter 2016 table total shares purchased average paid maximum number shares.\n october 1 2013 31 2277 $ 91.\n november 1 2013 1243 $ 103.\n december 1 2013 31 1449 $.\n 4969 $ 101.\n pnc common stock purchased employee benefit plans forfeitures unvested restricted stock awards employee payroll tax withholding.\n11 employee benefit 12 stock compensation plans pnc common stock.\n march 11 2015 approved stock repurchase program 100 million shares pnc common stock effective april 1 2015.\n repurchases privately transactions market economic conditions regulatory capital considerations credit contractual regulatory limitations.\n 2016 share repurchase programs $ 2. 0 billion $ 200 million.\n 2017 $ 300 million increase repurchase.\n fourth quarter repurchased 4. 9 million shares stock average price $ 101. 47 per share aggregate repurchase price $. 5 billion.\n liquidity capital management 7 share repurchase programs july 1 2016 june 30 2017 capital plan.\n pnc financial services group.\n form 10-k"
}
{
    "_id": "dd4bcd5f2",
    "title": "",
    "text": ".\n reduced personal injury expense $ 80 million fewer claims lower settlement costs.\n 2008 reduced asbestos costs $ 82 million studies reassessment liability asbestos claims.\n environmental toxic tort expenses $ 7 million lower.\n costs lower reduction personal injury expense.\n studies $ 80 million offset adverse development.\n settlement insurance claims hurricane rita higher equity income expenses lower.\n-over-year comparison affected settlement insurance claims $ 23 million 2005 storm $ 9 million gain sale two company-owned airplanes.\n 2006 % change.\n income $ 92 $ 116 $ 118 21 % 2\n interest expense -511 -482 -477\n income taxes -1318 14 % 26 %\n decreased 2008 lower gains real estate sales decreased returns cash investments.\nrental licensing income lower interest expense sale receivables offset decreases.\n gains non-operating asset sales real estate reduction income 2007.\n rental income 2006 dispute decrease.\n cash investment returns increased $ 21 million cash balances higher interest rates.\n increased 2008 higher debt $ 8. 3 billion.\n lower interest rate. 1%\n increase $ 7. 3 billion. billion 2006 higher interest expense.\n lower interest rate.\n higher 2008 higher pre-tax income.\n tax rates 36. 4%\n lower tax rate reductions federal audits state tax law changes.\n tax rate 2007 increased illinois legislation deferred tax expense.\n income taxes $ 235 million higher higher pre-tax income tax legislation.\n increased deferred tax expense $ 27 million.\n effective tax rates 38.2007 2006."
}
{
    "_id": "dd4bc26ca",
    "title": "",
    "text": "entergy corporation subsidiaries financial statements refunds 20-month period september 13 2001 - may 2 2003.\n ruling refunds interruptible load proceeding ferc concluded refund ruling pending rehearing requests.\n ferc reversed decision ordered bandwidth remedy june 1 2005 january 1 2006.\n entergy calculate additional bandwidth payments june - december 2005 bandwidth formula tariff december 2006 accepted april 2007 order.\n paid utility customers.\n december 2011 entergy filed compliance filing payments receipts utility companies.\n payments receipts millions.\n entergy arkansas\n gulf states louisiana 75\n mississippi 33\n new orleans 5\n texas 43\n january 2012.\nfebruary 2012 entergy arkansas filed interim adjustment production cost allocation $ 156 million payment 22-month march 2013.\n apsc issued order payment customers.\n lpsc apsc requested rehearing ferc october 2011 order.\n december 2013 lpsc writ mandamus states court appeals.\n.\n lpsc requested.\n final order.\n ferc end february.\n january 2014.\n denied lpsc petition.\n apsc lpsc intervened december 2011 compliance apsc lpsc filed protests.\n 2013 production costs preliminary estimate payments receipts december 2013.\n estimate utility companies."
}
{
    "_id": "dd4c37f2e",
    "title": "",
    "text": "institutional banking earned $ 1. 9 billion 2011 $ 1. 8 billion 2010.\n credit losses mortgage lower net interest income.\n clients cross sales expense discipline.\n asset management group earned $ 141 million 2011 $ 137 million 2010.\n assets $ 210 billion 2011 $ 212 billion 2010.\n provision credit losses noninterest income higher noninterest expense lower income.\n strong sales production high value clients referrals.\n growth assets noninterest income.\n residential mortgage banking earned $ 87 million 2011 $ 269 million 2010.\n noninterest expense lower net interest income loan originations higher sales revenue.\n blackrock earned $ 361 million 2011 $ 351 million 2010.\n increase revenue.\n.\n $ 200 million 2011 $ 57 million 2010.\nincrease lower provision credit losses offset lower net interest income.\n earnings $ 376 million 2011 $ 386 million 2010.\n noncash charge redemption gain sale shares offset lower integration costs.\n.\n income $ 3. 1 billion $ 3. 4 billion 2010.\n $ 324 million mortgage foreclosure expenses $ 198 million noncash charge redemption $ 42 million integration costs.\n $ 328 million after-tax gain sale gis $ million integration costs $ 71 million residential mortgage foreclosure expenses.\n impacted noncash reduction $ 250 million redemption.\n driven low interest rates slow economic growth new regulations.\n income.\n income $ 8700 $ 9230\n margin. 92%. 14%.\n assets yields liabilities funding.\n2013 net income balance sheet 8 purchase accounting accretion 7.\n decreases net income margin 2011 purchase accounting accretion loans lower cash recoveries.\n loan balances low interest rate funding costs.\n pnc financial services group.\n 2013 form 10-k"
}
{
    "_id": "dd4971178",
    "title": "",
    "text": "jpmorgan chase.\n annual report consolidated results three-year period 31.\n business segment.\n accounting estimates pages 96 201398.\n.\n 31 millions 2007 2006 2005\n investment banking fees 6635 5520\n principal transactions\n lending deposit fees\n asset management administration commissions 14356 11855\n securities gains losses\n mortgage fees 2118\n credit card income\n noninterest revenue 44966\n interest income 26406\n revenue $ 71372\n net revenue $. billion up $ 9. billion 15% %.\n higher net interest income private equity gains asset management administration commissions higher mortgage fees investment banking fees growth.\n lower trading revenue.\n investment banking fees 2006.\nadvisory equity fees drove results offset lower debt fees.\n results pages 40 201342.\n transactions revenue trading private equity gains.\n trading revenue declined from 2006 due markdowns $ 1. 4 billion subprime positions $ 1. 3 billion leveraged lending commitments.\n markdowns nonsubprime mortgages weak credit trading offset revenue currencies rates equities.\n equities benefited client activity trading results.\n credit portfolio results increased risk management.\n increase private equity gains 2006 fair value adjustment nonpublic private equity investments.\n ib corporate segment results pages 40 201342 59 201360 122.\n lending deposit-related fees rose 2006 higher bank new york.\n 43 tss 54 52.\n asset management administration commissions revenue higher 2006.\nassets higher performance placement fees record results.\n 18% growth assets 2006 from net asset inflows market appreciation institutional retail bank services.\n tss contributed rise asset management administration commissions revenue increased product usage market appreciation.\n commissions revenue increased higher brokerage transaction volume sale insurance business rfs 2006 first 2007 accelerated surrenders annuities.\n ib rfs tss am.\n favorable variance securities gains 2007 losses 2006 repositioning treasury invest ment securities portfolio.\n $ 234 million gain sale mastercard shares.\n corporate segment pages 59 201360.\n"
}
{
    "_id": "dd4bbb668",
    "title": "",
    "text": "entergy arkansas.\n subsidiaries financial utility transmission business retirement debt preferred securities.\n operations net income 2011 decreased $ 7. million higher income tax rate lower income higher operation maintenance expenses higher revenue lower interest.\n income increased $. million revenue.\n revenue operating revenues fuel expenses gas power expenses regulatory charges.\n analysis change net revenue 2011 2010.\n.\n 2010 net revenue $ 1216.\n retail electric price.\n decommissioning trust.\n transmission revenue.\n volume.\n wholesale revenue.\n capacity acquisition recovery.\n.\n 2011 net revenue $ 1252.\n retail electric price variance base rate increase july 2010.\n note 2 financial statements rate case settlement.\ndecommissioning trust variance deferral investment gains 1 2.\n interest income regulatory charges no effect net income."
}
{
    "_id": "dd4ba4bd4",
    "title": "",
    "text": "remediated weakness internal control financial reporting may identify weaknesses future.\n november 2017 restated financial statements quarters april july 1 2017 classify cash receipts receivables investing activities.\n identified weakness internal control financial reporting misapplication accounting standards update 2016-15.\n maintain controls over adoption new accounting standards.\n management concluded maintain effective internal control over financial reporting april july 1 2017.\n remediated weakness disclosure controls procedures effective december 30 2017 no assurance controls remain adequate.\n effectiveness subject to limitations decision transactions assumptions cost limitations.\nweaknesses deficiencies control discovered financial statements affect business financial condition restrict access capital markets resources subject fines penalties investigations judgments harm reputation investor confidence.\n.\n unresolved staff comments.\n.\n.\n corporate co-headquarters pittsburgh pennsylvania chicago illinois.\n co-headquarters executive offices.\n business units administrative finance legal human resource functions.\n maintain additional owned leased offices regions.\n manufacture products manufacturing facilities.\n 2017 operated 83 manufacturing processing facilities.\n own 80 lease three.\n manufacturing facilities.\n maintain manufacturing facilities in good condition.\n enter co-manufacturing arrangements with third parties production.\n.\n.\n involved in legal proceedings claims governmental inquiries inspections.\npredict results legal matters expect ultimate costs financial condition results operations.\n item 4.\n mine safety disclosures.\n not applicable."
}
{
    "_id": "dd4b99afe",
    "title": "",
    "text": "consolidated financial statements.\n prepared.\n accepted accounting principles.\n.\n statements include accounts aon plc controlled subsidiaries.\n intercompany accounts transactions eliminated.\n include adjustments company consolidated financial position results operations cash flows.\n prior statements reclassified 2015 presentation.\n long-term investments included.\n non-current assets.\n were $ 135 million at 2015 $ 143 million 31 2014.\n prepaid pensions assets.\n separately disclosed.\n were $ 1033 million at 2015 $ 933 million 31 2014.\n share-based payment employees use shares tax withholding requirements payment taxing authority remits remaining shares.\n presented amounts due to taxing cash flows operating.\n included in shares employee benefit plans cash flows financing.\ncompany believes presentation clarity operating financing activities share repurchase.\n aligns presentation industry practice.\n amounts employee benefit plans $ 227 million $ 170 million $ 120 million years december 31 2015 2014 2013.\n amounts reclassified accounts payable accrued liabilities $ 85 million $ 85 million 2014 $ 62 million $ 58 million 2013.\n changes cash 2014 2013 related items financing activities.\n aggregated new line item interests financing activities.\n december\n purchases shares noncontrolling interests\n dividends\n proceeds sale-leaseback\n consolidated financial statements.\n estimates assumptions assets liabilities assets reserves expenses.\n based management estimates judgments.\n evaluates estimates historical experience economic environment.\n.\n adjusts.\nilliquid credit markets volatile equity foreign currency increase uncertainty estimates.\n future events results differ estimates.\n changes economic environment reflected in financial statements."
}
{
    "_id": "dd4b88146",
    "title": "",
    "text": "product offerings include alpha-seeking active index strategies.\n returns market benchmark risk profile research models portfolio.\n index strategies track returns securities.\n include non-etf index products ishares etfs.\n.\n.\n institutional non-etf index assignments large-billion reflect low fee rates.\n net flows small impact blackrock revenues earnings.\n 2017 equity aum totaled $ 3. 372 trillion net inflows $ 130. 1 billion.\n $ 174. 4 billion ishares etfs core funds emerging market equities offset non-etf index active net outflows $ 25. 7 billion $ 18. 5 billion.\n blackrock 2019s fee rates fluctuate aum mix.\n half tied international markets.\n.\n fluctuations.\n revenues fee.\nended 2017 $ 1. 855 trillion net inflows $ 178. 8 billion.\n inflows $ 21. 5 billion diversified inflows municipal total return bond funds.\n inflows $ 67. 5 billion led core corporate treasury bond funds.\n non-etf index inflows $ 89. 8 billion driven liability-driven investment solutions.\n team manages balanced funds bespoke mandates diversified client base equities bonds currencies commodities risk management.\n solutions long-only portfolios alternative investments tactical asset allocation overlays.\n changes multi-asset aum 2017.\n.\n asset allocation $ 176675 196545\n fiduciary\n futureadvisor\n 395007\nfutureadvisor ishares.\n-asset inflows demand advice $ 18. 9 billion institutional clients.\n defined contribution plans contributed $ 20. 8 billion inflows 2017 target risk.\n retail inflows $ 1. 1 billion multi income fund family raised $ 5. 8 billion.\n strategies 2022 asset allocation balanced products 41% multi-asset aum.\n equity fixed income alternative components.\n risk diversification derivatives allocation.\n flagship products global allocation multi-asset income fund families.\n target date risk products grew 16% 2017 inflows $ 23. 9 billion.\n institutional investors 93% aum defined contribution plans 87% aum.\n driven investments.\n asset allocation risk return.\n index products.\n fiduciary management services.\n partnership strategies."
}
{
    "_id": "dd4b901ac",
    "title": "",
    "text": "accruals sales returns rebates discounts reasonable current facts circumstances.\n global rebate discount liabilities included consolidated balance sheet.\n.\n 5 percent change sales return $ 275 million effect income taxes.\n.\n 90 percent december 2018 2017.\n roll-forward significant.\n pharmaceutical sales return rebate discount liability balances managed care medicare medicaid.\n sales return rebate discount liabilities beginning $ 4172. 3601.\n reduction net sales returns discounts rebates.\n payments discounts rebates.\n rebate liabilities end year $ 4678. $ 4172.\n adjustments estimates returns discounts results 1 percent consolidated net sales.\n product litigation liabilities contingencies uncertain complex judgments probabilities.\nfactors product litigation liability reserves contingent liability amounts include merits jurisdiction litigation nature similar matters nature product assessment science likelihood settlement discussions.\n accrue product liability claims incurred not filed based historical experience data product usage.\n accrue legal defense costs product liability contingencies probable estimable.\n consider insurance coverage exposure.\n policy coverage limits exclusions potential denial coverage financial condition length time collection.\n self-insured for product liability losses marketed products.\n consider third-party indemnification.\n considerations nature financial condition length time collection.\n litigation accruals environmental liabilities estimated insurance recoverables reflected liabilities assets consolidated balance sheets.\n review carrying value long-lived assets for potential impairment carrying value recoverable.\nidentify impairment projected cash flows asset carrying value.\n loss recorded net book value fair value cost basis adjusted.\n goodwill assets reviewed impairment annually indicators.\n comparison fair value carrying impairment."
}
{
    "_id": "dd4bc80a2",
    "title": "",
    "text": "asset purchases retail segment $ 294 million 2007 total purchases $ 1. 0 billion.\n 7900 employees operating lease commitments $ 1. 1 billion.\n costs retail stores.\n affect financial operating results.\n asia pacific filemaker net sales $ 406 million 30% ( 30 % ) 2007 2006.\n 58% ( increase mac portable ipod sales asia pacific region.\n net sales other segments increased 35% ( 35 % 2005 ipod mac.\n updated ipods intel-based mac portable products 16% ( 16 % ) increase mac unit sales 2006 2005.\n gross margin last three fiscal years.\n net sales $ 24006 $ 19315 13931\n cost sales\n gross margin $ 8154\n percentage 34. 0%. 29.\n. 2007 increased from. 2006.\ndrivers increase were favorable costs commodity components higher revenue leverage production costs higher direct sales channels.\n anticipates gross margin personal computer consumer electronics mobile communication industries price competition.\n expects gross margin decline first quarter 2008 product transitions reduced pricing lower sales ilife iwork higher component costs indirect sales.\n offset by higher sales mac os x operating system version 10. leopard.\n-looking.\n no assurance current margin targeted levels.\n gross margins under downward pressure global pricing pressures increased competition compressed product life cycles cost raw material manufacturing services shift sales towards lower gross margins.\n expects pricing actions.\n gross margins affected product quality warranty costs"
}
{
    "_id": "dd4c55484",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014 purchase 3924 911 shares.\n october 2005.\n require purchase interest atc south america options.\n holders received 4428 shares atc south america 1596 shares tax.\n repurchase minority interest.\n.\n recorded purchase price allocation adjustment $ 5. 6 million increase intangible assets minority interest.\n holders require purchase shares fair market value months.\n april 2006 repurchase right exercised paid $ 18. 9 million cash fair market value determined board directors independent financial advisor.\n.\n impairments net loss sale restructuring merger loss sale 2006 2005 2004 recorded impairments net loss sale $ 3. million $ 19. 1 million $ 22. 3 million.\n2022 non-core asset impairment charges 2006 2005 company recorded net losses sales-core towers assets impairment charges write assets impairment.\n recorded net losses impairments $ 2. 0 million $ 16. 8 million $ 17. 7 million.\n net loss 2006 asset sales $ 7. 0 million offset gains asset sales $ 5. 1 million.\n 2022 construction-in-progress impairment charges wrote-off $ 1. 0 million $ 2. 3 million $ 4. 6 million construction-in-progress costs sites.\n restructuring expense table accrued restructuring liability december 2004 2005 2006 liability january 1 expense payments december 31.\n 2005 2006\nseparations 2239 823 -2397 2397 665 84 -448 301 -267 267\n lease terminations facility closing costs 1450 -131 -888 -325 325 -108\n $ 3689 692 -3285 1096 -773 773 419 -277 277 -142\n accrued restructuring liability accounts payable accrued expenses balance sheets december 2005.\n 2006"
}
{
    "_id": "dd4be9ad6",
    "title": "",
    "text": "revenue utility analysis change 2013 to 2012.\n millions.\n 2012 net revenue $ 4969\n retail electric price 236\n louisiana act 55 financing savings obligation 165\n grand gulf recovery 75\n volume/weather 40\n fuel recovery 35\n deferral 12\n decommissioning trusts\n 2013 net revenue $ 5524\n retail electric price variance due formula rate plan increase entergy louisiana january 2013 waterford 3 steam generator replacement project december 2012.\n net income return equity remainder offset operation maintenance taxes recovery hinds plant costs power management rider entergy mississippi billing cycle 2013.\n offset increase capacity acquisition rider entergy arkansas 2012 hot spring plant acquisition.\n offset 2022 increases energy efficiency rider july 2013.\nefficiency revenues offset operation effect net income rate increase entergy texas july 2012 order 2011 rate increase entergy mississippi 2013.\n note 2 financial statements.\n louisiana act 55 financing savings regulatory charge second quarter 2012 entergy savings settlement tax hurricane katrina 55.\n note 3 financial statements tax settlement.\n entergy"
}
{
    "_id": "dd4c2fdd8",
    "title": "",
    "text": "tables reconciliation balances measurements inputs 2015 2014.\n january 2015 settlements december 31 2015 settlements.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n allocation.\n allocations.\n.\njune 2012 company implemented de-risking strategy medical bargaining trust volatility.\n revised asset allocations matching characteristics.\n initial allocation 60% return-generating 40% liability-driven.\n investment strategies balance.\n minimizing volatility asset matching diversification hedging.\n fixed income target asset allocation matches bond-like long-dated postretirement liabilities.\n assets diversified asset volatility.\n assesses investment strategy allocations target allocations.\n asset classes returns diversification liquidity.\n other trusts invested equities fixed income funds.\n invested differently liabilities.\n obligations dominated medical bargaining trust.\n thirty-nine percent four percent obligations medical-bargaining life insurance trusts.\nexpected benefit payments future medical-bargaining life insurance trusts 2019 obligations large assets strategy equities long-term return funding ratio.\n engages third party investment managers assets.\n not invest outside asset class.\n equity alternatives strategy.\n investment management agreements performance attribution analysis strategy.\n futures options adjust portfolio investment policy."
}
{
    "_id": "dd4bc8b4c",
    "title": "",
    "text": "wood products sales states 2005 $ 1. 6 billion up 3% $. 2004 18%. 2003.\n lumber up 6% 21% 2005.\n lumber sales volumes up 5% 10% 2003.\n plywood down 4% 4 15% higher 2003.\n plywood sales volumes higher 2004.\n operating profits 18% 18 % lower 2004 three times higher 2003.\n lower plywood prices higher raw material costs.\n log costs up 9% 9 % 2004 profits.\n higher glue natural gas costs strong housing market low inventory lumber plywood demand.\n softening housing higher interest rates pricing.\n specialty arizona chemical euro pean distribution mississippi cellulose pulp.\n.\n 2005 net sales declined 18% 18 26% 26 % 2004 2003.\n operating profits down 2004 2003.\ndecline sales reflects businesses sold closed.\n profits affected higher energy raw material costs chemical.\n.\n sales $ 915 $ 1120 $ 1235\n operating profit $ $\n chemicals sales $ 692 million 2005 $ 672 million 2004 $ 625 million 2003.\n demand strong chemical profits 2005 84% lower 2004 2003 higher energy costs. availability crude oil.\n energy costs increased 41% prices supply interruption.\n cto prices increased 26%.\n european cto receipts decreased 30% lower yields storm.\n businesses sold european distribution oil gas mineral royalty decorative products retail packaging cellulose pulp mill.\n sales $ 223 million 2005 $ 448 million 2004 $ 610 million 2003.\nliquidity capital resources major factor planning cash flow sensitive to pricing demand products.\n costs cost controls improved cash flow generation.\n positioned for improvements.\n focused capital spending platform businesses north america growth opportunities.\n spending levels below depreciation amortization charges last three years anticipate 2006.\n low interest rate financing focused repay higher coupon debt net reduction debt $ 1. 7 billion 2005.\n plan continue program reductions transformation plan 2006.\n liquidity position strong $ 3. 2 billion committed liquidity short cash flow requirements."
}
{
    "_id": "dd4bba830",
    "title": "",
    "text": "entergy corporation utility companies system energy clean energy standards emissions credit program long-term agreements energy research development authority new york nypsc approval refueled fitzpatrick plant january february 2017.\n october 2015 pilgrim plant.\n analysis economics operating life decision reactor.\n plant operations may 31  2019 refueling spring 2017.\n december 2015 sale 583 mw rhode island state energy center.\n price $ 490 million.\n purchased risec $ 346 million 2011.\n 2016 agreement consumers energy terminate palisades plant may 31  2018.\n $ 172 million early termination.\n regulatory approvals.\n palisades nuclear power plant october 1 2018 refueling spring 2017 fuel cycle.\nentergy expects enter new consumers energy plant october 1 2018.\n january 2017 settlement new york state shut down indian point 2 april 30 2020 indian point 3 april 30 2021 resolve legal challenges indian point license renewal.\n agreed issue water quality coastal zone management act consistency certification withdraw objection license renewal.\n water discharge permit license.\n shutdowns conditioned.\n license renewal process 2018.\n entergy plans disposition wholesale commodities nuclear power plants sales vermont yankee fitzpatrick shutdowns pilgrim palisades indian point 2 3.\n wholesale commodities merchant power business.\n ownership nuclear power plants service year location capacity reactor license expiration.\n pilgrim\n fitzpatrick.oswego 838 mw 2034\n indian point 3 1976. buchanan 1041 mw 2015\n indian point. 1028 mw 2013\n vermont yankee 2002 vernon mw boiling water 2032\n palisades 1971. 2007 811 mw pressurized water 2031"
}
{
    "_id": "dd4c096d8",
    "title": "",
    "text": "jpmorgan chase. annual report 249 note 13 2013 securities financing activities resale repurchase borrowed finance inventory positions short positions financing needs settle obligations.\n agreements collateralized financings balance sheets.\n resale repurchase carried plus accrued interest.\n borrowed loaned cash collateral.\n resale repurchase agreements counterparty reported net basis.\n fees recorded interest income expense.\n elected fair value option agreements.\n note 4 pages 214 2013 216.\n agreements reported purchased loaned borrowed balance sheets.\n interest accruals recorded interest income expense changes fair value principal transactions revenue.\n financial instruments derivatives changes fair value reported principal transactions revenue.\n table details securities financing agreements collateralized financings.\ndecember 31 millions 2012 securities purchased resale $ 295413 $ 235000 borrowed 119017 142462 repurchase $ 215560 $ 197789 loaned 23582 14214 resale agreements $ 24. 3 billion $ 22. 2 billion.\n borrowed $ 10. 2 billion $ 15. 3 billion.\n repurchase agreements $ 3. 9 billion $ 6. 8 billion.\n securities loaned $ 457 million.\n no securities loaned 2011.\n amounts reduced $ 96. 9 billion $ 115. 7 billion agreements presentation.\n jpmorgan chase possession securities purchased resale borrowed.\n monitors underlying securities.\n requests additional collateral returns.\n margin levels established counterparty collateral monitored declines default.\njpmorgan chase netting agreements collateral arrangements resale borrowed counterparties right liquidate securities customer default.\n reserves for credit impairment december 31 2012 note 30 pages 315 2013316 annual report.\n 31 millions 2012 2011\n securities purchased resale agreements $ 295413 $ 235000\n borrowed 119017 142462\n repurchase agreements $ 215560 $ 197789\n loaned 23582 14214\n jpmorgan chase. annual report 249 note 13 resale repurchase finance inventory positions short positions financing needs settle securities obligations.\n collateralized financings balance sheets.\n resale repurchase agreements carried accrued interest.\n borrowed loaned cash collateral.\n resale repurchase agreements reported net.\nfees received paid securities financing agreements recorded income expense.\n firm elected fair value option.\n note 4 pages 214 2013.\n agreements reported purchased loaned borrowed balance sheets.\n interest accruals recorded income expense changes fair value reported transactions revenue.\n instruments derivatives changes value reported principal transactions revenue.\n table securities financing agreements accounted collateralized financings.\n 2012 2011 securities purchased $ 295413 $ 235000 borrowed 119017 142462 sold 215560 $ 197789 loaned resale agreements $ 24. 3 billion $ 22. 2 billion.\n borrowed $ 10. 2 billion $ 15. 3 billion.\n repurchase agreements $ 3. 9 billion $ 6. 8 billion.\n loaned $ 457 million.\nno securities loaned fair value at december 31 , 2011.\n amounts reduced by $ 96. 9 billion $ 115. 7 billion at december 2012 2011 agreements net presentation.\n jpmorgan chase 2019s policy possession securities purchased borrowed.\n monitors value.\n requests additional collateral or returns.\n margin levels established based counterparty collateral monitored declines default.\n enters master netting agreements collateral arrangements with resale borrowed counterparties right liquidate customer default.\n reserves for credit impairment as december 31 2012 note 30 pages 315 2013316 annual report."
}
{
    "_id": "dd4c2ae96",
    "title": "",
    "text": "entergy arkansas.\n subsidiaries restrict retained earnings for cash dividends distributions common preferred stock.\n include internally generated funds cash debt preferred stock issuances bank financing.\n refinance redeem retire debt preferred stock maturity market dividend rates.\n debt preferred stock issuances require regulatory approval.\n subject to tests corporate charters bond agreements.\n capacity capital needs.\n receivables money pool december 31.\n 2016 2015 2014 2013\n note 4 financial statements.\n entergy credit facility $ 150 million august 2021.\n $ 20 million credit facility april 2017.\n letters credit against 50% borrowing capacity.\n december 31 2016 no cash borrowings letters of credit outstanding.\nentergy arkansas party uncommitted letter credit facility obligations miso.\n 2016 $ 1 million letter credit outstanding.\n 4.\n entergy arkansas nuclear fuel company credit facility $ 80 million may 2019.\n 2016 no letters credit outstanding commercial paper.\n.\n arkansas obtained authorizations ferc 2017 for short-term borrowings not $ 250 million long-term borrowings.\n.\n long-term securities issuances limited authorized apsc tennessee regulatory authority authorizations extend through december 2018."
}
{
    "_id": "dd4c56898",
    "title": "",
    "text": "restricted awards forfeiture grantee leaves employment expiration.\n new grants vest after 25% four exception three.\n table changes non stock awards may 31 2013 2012 grant-date.\n non-vested 31 2011 869\n granted 472\n vested -321\n forfeited\n 2012 941\n granted\n forfeited\n 31 2013 1096\n total fair value awards 2012 2011 $ 13. 6 million $ 12. 9 million $ 10. 8 million.\n recognized compensation expense $ 16. 2 million 13. 6 million 12. 5 million.\n $ 33. 5 million unrecognized compensation cost unvested stock awards 2. 5 years.\n sale 2. 4 million shares common stock.\nemployees designate $ 25000 20% annual compensation purchase stock.\n shares 85% market value last quarterly purchase.\n 2013 1. million shares issued 1. 4 million future issuance.\n compensation expense $ 0. 5 million 2013 2012 2011.\n average grant-date value share $ 6 $ 7 $ 6  15% discount.\n granted 100% market value 10-year terms.\n 25% increments four year.\n accelerated vesting.\n no options granted 2013 2012."
}
{
    "_id": "dd4c4c0f0",
    "title": "",
    "text": "consolidated financial statements fair values firm financial assets liabilities based prices inputs classified levels 1 2 fair value hierarchy.\n 2 3 assets liabilities require valuation adjustments credit quality funding risk transfer restrictions liquidity bid/offer spreads.\n adjustments based market evidence.\n notes 6 7 fair value cash instruments derivatives instruments owned sold 8 assets liabilities.\n.\n summarized.\n millions december 2012 2011\n 1 assets $ 190737 $ 136780\n 2 502293 587416\n 3 47095\n cash collateral counterparty\n assets fair value $ 638513 $ 651312\n $ 938555 $ 923225\n 3 assets 5. 0%. 2%.\n 3 7. 4%. 4 %.\n 1 financial liabilities $ 65994 $ 75557\n2 318764 319160\n 3 25679 25498\n cash collateral counterparty -32760 -31546\n fair value $ 377677 $ 388669\n. 8%. 6%.\n.\n impact cash collateral counterparty netting fair value hierarchy.\n.\n 3 assets 2012 decreased derivative assets private equity investments.\n settlements unrealized losses sales offset transfers.\n 3 assets declined unrealized losses net transfers.\n increase private equity investments offset settlements transfers.\n notes 6 7 8 level 3 cash instruments derivatives assets liabilities fair value unrealized gains losses transfers.\n sachs 2012 annual report"
}
{
    "_id": "dd4ba71ae",
    "title": "",
    "text": "citigroup elected fair value option fixed adjustable-rate loans.\n hedged derivative instruments.\n accounting mismatches hedge.\n december 31 2009 2008\n amount consolidated balance sheet $ 3338 $ 4273\n unpaid principalbalance\n non-accrual loans 90 days past due\n unpaid principal balance\n changes fair values statement.\n changes fair value december 31 2009 2008 credit risk $ 10 million loss $ 32 million loss.\n interest income measured contractual interest rates.\n accounts fair value.\n determined option-adjusted spread valuation approach.\n cash flows-rate scenarios discounting risk-adjusted rates.\n prepayment speeds discount rates.\n affected mortgage interest rates.\n hedges values interest-rate derivative contracts forward-purchase commitments mortgage-backed securities securities.\nnote 23 consolidated financial statements accounting reporting msrs.\n totaled $ 6. 5 billion $ 5. 7 billion december 31 2009 2008 classified mortgage servicing rights citigroup balance sheet.\n changes fair value recorded commissions fees income.\n elected fair value option interest rates inflation currency risks.\n trading-related positions.\n classified debt deposits derivatives.\n long-term debt value unpaid principal balance exceeded fair value $ 125 million $ 671 million december 31 2009 2008.\n change fair value reported principal transactions.\n interest expense measured contractual interest rates.\n fair value option fixed floating interest rates.\n interest-rate risk hedged derivative contracts assets.\n accounting mismatches operational simplifications.\npositions short long-term debt balance.\n fair value option unpaid principal balance exceeded fair value $ 220 million december 31 2008.\n exceeded fair value $ 1542 million $ 856 million december 2009 2008.\n change fair value transactions.\n interest expense measured contractual interest rates.\n accounting.\n fair value option not elected loans held-investment hedged.\n table mortgage loans fair value"
}
{
    "_id": "dd4bdf356",
    "title": "",
    "text": "kimco realty tuesday april 03 2007 pm 142704.\n december 31 2006 2005 leveraged lease.\n rentals $ 62. $ 68.\n unguaranteed residual value 40. 43.\n non-recourse mortgage debt -48.\n unearned deferred income -50.\n investment leveraged lease $ 3. 4\n.\n january 2006 $ 16. million $ 50. million $ 700. million first mortgage loan retailer.\n interest libor 7. 75%. two-year term one-year extension collateralized real estate interests.\n borrower pre outstanding loan balance $ 16. million.\n january 2006 $ 5. million $ 11. million loan estate developer 59 acre land san antonio.\n rate 11. two years collateralized first mortgage.\ndecember 31 2006 balance loan $ 5. 2 million.\n february $ 17. 2 million credit fixed rate 8. 0%. nine months 9. real investor recapitalization discount mall.\n facility paid terminated.\n april 2006 two mortgages $ 14. 5 million.\n mortgage partner redevelopment.\n mortgages interest 8. 0% 2008 2013.\n collateralized property.\n balance $ 15. million $. 5 million accrued interest.\n may 2006 $ 23. 5 million collateralized credit fixed rate 8. 5%. per annum two years company property acquisitions.\n guaranteed.\n issued 9811 units. million warrants purchase. shares.\n august 2006 increased credit facility $ 45. million 9811 units. warrants purchase. shares.\n balance $ 3. 6 million.\n2005 joint venture acquired 90% interest $ 48. 4 million mortgage receivable $ 34. 2 million.\n three-month libor. 75%. january 12 2010.\n 626-room hotel lake buena vista collateralized.\n.\n march 2006 acquired 10% $ 3. 8 million.\n 2006 accepted pre-payment $ 45. 2 million.\n august 2006 provided $ 8. million $ 13. 2 million 12-month loan retailer.\n. 50%. payable monthly balloon payment principal balance maturity.\n collateralized real estate.\n funded $ 13. 3 million $ 20. million revolving debtor-in-possession facility.\n interest libor 3.% unused line fee.\n collateralized first priority lien retailer assets.\n balance $ 7. 6 million $ 4. 9 million.\n september 2006 provided 57. 3 million.million loan owner property mexico.\n collateralized interest. matures 2016.\n 25% annual cash flows 20% gain sale property.\n 2006 balance mxp 57. 8 million $. million.\n mxp 124. 8 million $ 11. 5 million loan land parcel acapulco mexico.\n collateralized property interest 10% annum matures 2016.\n participation 20% excess cash flows gains sale.\n balance mxp 12. 8 million $ 1. 2 million."
}
{
    "_id": "dd4bb930e",
    "title": "",
    "text": "may 12 2017 stockholders approved american water works.\n 2017 omnibus equity compensation plan.\n 7. 2 million shares common stock issued 2017 plan.\n december 31 2017 7. 2 million shares available grant.\n incentive stock options nonqualified stock options stock appreciation rights stock units stock awards dividend equivalents.\n no additional awards 2007 plan.\n shares issued.\n cost services stock options awards measured grant date value.\n amortized three-year period.\n awards granted 2017 2016 2015 equity.\n recognizes compensation expense stock awards period.\n stratified grant populations employee turnover rates forfeitures.\n compared forfeitures adjusted.\n stock-based compensation expense operation maintenance statements years december 31.\n 2016\n options\nemployee stock purchase plan\n stock-based compensation\n income tax benefit\n compensation expense tax\n no significant compensation costs 2017 2016 2015.\n receives tax deduction value award exercise distribution date.\n recognizes tax benefits deferred income tax assets.\n tax deductions consolidated statements financing section.\n no grants 2017.\n 2016 2015 granted non-qualified stock options 2007 plan.\n options vest three-year service period 1 no performance vesting conditions.\n expense recognized straight-line amortized service period."
}
{
    "_id": "dd4b8b670",
    "title": "",
    "text": "increased hydrocarbon synthetic crude oil reserves 78 percent from 75 increased e&p sales volumes libya 7 percent recorded 96 percent operational availability e&p assets 94 percent 2010 debottlenecking crude oil production alvheim fpso 150000 non-operated discoveries iraqi kurdistan began drilling poland completed aosp expansion scotford upgrader synthetic crude oil sales 48 percent dispositions non-core assets $ 518 million repurchased 12 million shares common stock $ 300 million retired $ 2498 million long-term debt resumed production libya 2011.\n income 9 percent higher 2011 than due higher liquid hydrocarbon prices.\n offset increased income taxes.\n effective income tax rate operations 61 percent 2011 54 percent 2010.\n revenues summarized.\n1588 833\n 14710 11765\n intersegment -75\n $ 14663 11690\n e&p revenues increased $ 2247 million 2010 2011 higher liquid hydrocarbon realizations $ 99. 37 bbl 31 percent increase.\n pre-tax gains $ 95 million derivative instruments risk.\n supply optimization purchase commodities.\n volumes transportation commitments flexibility delivery.\n.\n higher crude oil prices.\n.\n liquid hydrocarbon natural gas price realizations sales volumes declined."
}
{
    "_id": "dd4bc91dc",
    "title": "",
    "text": "cgmhi borrowing arrangements contractual lending obligation.\n reviewed flexibility short requirements.\n issues fixed variable rate debt.\n uses derivative contracts interest rate swaps convert.\n corresponds.\n derivative contracts foreign exchange impact debt.\n december 31 2009 weighted average interest rate long-term debt. 51%. 91%. derivative contracts.\n annual maturities long-term debt.\n millions 2010 2011 2012 2013 2014\n citigroup parent company $ 18030 $ 20435 29706 17775 18916 92942\n subsidiaries 18710 29316 17214 5177\n citigroup global markets holdings. 1315\n citigroup funding. 9107 8875\n $ 47162 59656 69344 34895 124830\ndebt at december 2009 2008 includes $ 19345 million $ 24060 million junior subordinated debt.\n formed business trusts under delaware.\n issuing trust securities investing proceeds in debentures engaging activities necessary.\n approval federal reserve citigroup redeem securities.\n not to redeem purchase 6. 50%. securities xv before september 15 2056 6. 45%. before december 31 2046 6. 35%. before march 15 2057 6. 829%. before june 28 2047 7. 250%. securities xix before august 15 2047 7. 875%. securities xx before december 15 2067 8. 300%. xxi before december 21 2067 exhibit 4. citigroup report form 8-k 2006.citigroup report 8-k november 28 2006 exhibit. march 8 2007. july 2 2007. august 17 2007 exhibit. november 27 2007. december 21  2007.\n agreements benefit holders citigroup 2019s 6.%. junior subordinated deferrable interest debentures due 2034.\n citigroup owns voting securities subsidiary trusts.\n no assets operations revenues cash flows issuance administration repayment securities.\n obligations guaranteed citigroup."
}
{
    "_id": "dd4b8e71c",
    "title": "",
    "text": "operations facilities from municipalities governments capital risk.\n realize synergies consolidating businesses acquisitions partnerships capital expenditures expenses truck routing personnel fleet maintenance inventories back-office administration.\n consistent high-quality service republic way.\n.\n.\n standardized processes controls tracking scale operational excellence.\n key best.\n organizational structure high performance culture 360 accountability profit loss responsibility local management functional structure.\n markets market dynamics.\n productivity cost control initiatives service.\n fleet automation 75% residential routes converted to automated single-driver trucks.\n labor costs productivity emissions safer work environment.\n communities automated vehicles higher recycling programs.\n fleet conversion to compressed natural gas 19% fleet operates natural gas.\n continue fleet conversion fleet replacement.\ngradual fleet conversion prudent previous investments.\n 30% replacement vehicle purchases 2017 cng vehicles.\n competitive advantage clean emission initiatives.\n cng reduces fleet operating costs fuel expenses.\n 2017 operated 37 cng fueling stations.\n seventh largest vocational fleet united states.\n average fleet age number average age.\n 7200. 5\n small-container 4600.\n large-container.\n 15900."
}
{
    "_id": "dd4ba7a78",
    "title": "",
    "text": "performance 100 invested 2011 index reinvestment dividends.\n year 2016.\n delphi automotive s&p 500 automotive supplier russell 3000 auto parts index american axle borgwarner. cooper tire rubber dana. delphi dorman products. federal-mogul. ford motor. general motors. gentex. gentherm. genuine parts. goodyear tire rubber. johnson controls lear. lkq. meritor. standard motor products. superior industries tenneco. tesla motors. tower international. visteon. wabco holdings.\n 31.\n 2011 2012 2013 2016\n delphi automotive plc 100. 177. 283. 414. 331.\n s&p 500.\n automotive supplier peer group.\ncompany declared paid dividends $. 25. 29 share 2015 2016.\n declared quarterly dividend $. 29 share payable 15 shareholders business 6."
}
{
    "_id": "dd4983dc8",
    "title": "",
    "text": "consolidated financial statements march 31 2004.\n income taxes effective tax rate differs statutory 34% due recognize deferred tax assets operating losses tax credits.\n valuation allowance $ 2400000 stock option compensation deductions.\n tax benefit credited equity realized.\n.\n applies disclosure provisions.\n guarantees indebtedness statements.\n 57 107.\n.\n agreements guarantee indemnification clauses.\n disclosure provisions.\n guarantors guarantees.\n company guarantor.\n product warranties accrues estimated future warranty costs sales.\n products regulation quality standards.\n warranty obligation affected product failure rates.\n results cost estimated warranty.\n patent indemnifications indemnifies patent infringement.\n limits.\n incurred costs defend lawsuits patent infringement claims.\n.\n 45 intellectual property indemnifications require disclosure.\n company leases facilities danvers massachusetts through 2010.\n buyout option early termination 2005.\n rent expense $ 856000 $ 823000 $ 821000 years 2002 2003 2004.\n 36-month leases $ 644000 office furniture.\n ended 2003 furniture purchased.\n rental expense $ 215000 $ 127000.\n 36-month capital lease computer equipment software $ 221000.\n 2003 assets purchased.\n future minimum lease payments non-cancelable leases 2004.\n leases\n 781\n 2006 776\n 2007 769\n 2008 772\n 2009\n 708\n lease payments $ 4578\n involved legal administrative proceedings claims.\nlitigation contains uncertainty management company general counsel believes outcome of proceedings pending threatened adverse effect company."
}
{
    "_id": "dd4c580b2",
    "title": "",
    "text": "4. 25%. notes due 2021 payable semi-annually may november 24 commenced 2011 approximately $ 32 million per year.\n notes redeemed maturity redemption price.\n issued discount $ 4 million.\n december 31 2014 $ 3 million unamortized debt costs amortized remaining term.\n 2011 $ 750 million interest rate 2013 future cash flows 1. 03%.\n second quarter 2013 notes repaid.\n.\n 2009 issued $ 2. 5 billion unsecured unsubordinated obligations.\n three senior debt securities $. billion 2. 25%. notes repaid 2012 $ 1. 50%. repaid 2014 $ 1. 5. notes december 2019.\n proceeds repay borrowings program acquisition barclays global investors 2009 corporate purposes.\n2019 notes $ 50 million year payable semi-annually june december 10.\n redeemed maturity redemption price.\n issued discount $ 5 million.\n december 31 2014 $ 3 million unamortized debt costs amortized remaining term 2019.\n.\n issued $ 700 million. senior unsecured notes maturing september 15 2017.\n net proceeds acquisition remainder corporate purposes.\n payable semi-annually march september 15 $ 44 million per year.\n 2017 notes redeemed maturity redemption price.\n issued discount $ 6 million amortized ten-year term.\n $ 4 million debt issuance costs amortized ten years.\n december 31 2014 $ 1 million unamortized debt costs assets.\n.\n leases office spaces 2035.\n future minimum commitments.\n613\n $ 1178\n rent office equipment $ 132 million $ 137 million $ 133 million 2014 2013 2012.\n.\n december 31 2014 company $ 161 million capital commitments sponsored investment funds private equity real estate infrastructure opportunistic distressed credit.\n excludes commitments third-party.\n $ 161 million $ 35 million contingent commitments expired.\n timing unknown callable demand expiration.\n unfunded commitments not recorded statements.\n future commitments.\n intends additional capital commitments products.\n.\n portfolio manager derivative transactions maximum potential exposure $ 17 million.\n note 7.\n acquisitions.\n blackrock contingent payments annually credit suisse thresholds seven-year period 2013 acquisition date.\nblackrock required payments mgpa transaction five-year period thresholds 2013 acquisition.\n remaining payments december 31 2014 not significant financial condition included liabilities.\n.\n receives subpoenas.\n federal state"
}
{
    "_id": "dd4bac60e",
    "title": "",
    "text": "ppg annual report form 10-k 45 costs $ 17 million amortized interest.\n 2010 three-year credit agreement terminated july 2012.\n $ 1. 2 billion unsecured revolving credit facility.\n terminated million $ 1 billion facilities 2011.\n no outstanding amounts.\n 2010 credit agreement august 5 2013.\n.\n uncommitted lines credit $ 705 million $ 34 million used december 31 2012.\n subject cancellation not commitment fees.\n short-term debt 31 2011.\n. 27%. 2012. 72%. % 2011\n restrictive covenants credit agreements loan agreements indentures.\n agreements financial ratio covenant.\n total indebtedness not 60% capitalization excluding pensions postretirement benefit adjustments.\ndecember 31 2012 indebtedness 42% % capitalization excluding postretirement.\n debt agreements cross- default provisions.\n $ 10 million.\n debt obligations secured affiliates.\n interest payments 2012 2011 2010 $ 219 million $ 212 million $ 189 million.\n 2009 agreement counterparty repurchase 1. 2 million shares. market $ 56. 66 per share.\n held until 2010 paid $ 65 million.\n rental expense leases $ 233 million $ 249 233 million 2012 2011 2010.\n leased assets paint stores transportation equipment warehouses office space headquarters pittsburgh.\n lease commitments $ 171 2013 $ 135 2014 107 2015 83 2016 64.\n outstanding credit surety bonds $ 119 million december 31 2012.\nletters of credit secure company 2019s performance to parties under self-insurance programs commitments.\n december 31 2012 2011 guarantees outstanding were $ 96 million $ 90 million.\n relate to debt entities ppg customers.\n debt secured by assets entities.\n carrying values guarantees were $ 11 million $ 13 million 2012 2011 fair values $ 11 million $ 21 million.\n fair value estimated net value hypothetical cash flow streams.\n discounted at risk free return.\n loss letters of credit surety bonds guarantees.\n.\n three levels of inputs.\n 1 quoted prices reliable.\n 2 observable prices.\n 3 unobservable inputs.\n"
}
{
    "_id": "dd4b89cbc",
    "title": "",
    "text": "performance graph shareholder return $ 100 2010 reinvestment dividends common stock s&p 500 retail index.\n 2010 2012 2013 2014 2015\n o'reilly automotive inc. $ 100  $ 132 $ 148  $ 213 $ 319 $ 419\n s&p 500 retail index 103 128  185  203  252\n $ 100 113 147 164"
}
{
    "_id": "dd4c44418",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries financial statements debt instruments secured financings fair value option exceeded $ 361 million $ 362 million december 2016 2015.\n unsecured-term borrowings exceeded $ 1. 56 billion $ 1. 12 billion.\n principal non-principal-protected borrowings.\n credit spreads loans estimated net gain credit spreads $ 281 million 2016 $ 751 million 2015 $ 1. 83 billion 2014.\n firm calculates fair value future cash flows.\n floating-rate loans changes attributable credit spreads fixed-rate loans interest rates.\n fair value future cash flows.\n net loss $ 844 million $ 544 million tax 2016 valuation adjustment.\n gains losses reclassified earnings extinguishment liabilities 2016.\n.\nreceivable investment amortized cost losses.\n interest recognized recorded accrual.\n table details.\n millions 2016 2015\n corporate loans $ 24837 $ 20740\n private wealth management 13828\n commercial real estate\n residential real estate\n loans 2890\n loans receivable 50181 45821\n losses\n $ 49672 $ 45407\n 2016 2015 fair value $ 49. 80 billion $ 45. 19 billion.\n 28. 40 $ 21. 40 billion level 2 3.\n $ 23. 91 billion $ 21. 28 billion 2 3.\n lending commitments investment.\n commitments $ 98. 05 billion $ 93. 92 billion.\n extended corporate borrowers related relationship lending activities.\nestimated lending commitments $ 327 million $ 2. 55 billion 2016 $ 291 million $ 3. 32 billion 2015.\n $ 1. 10 billion $ 1. 45 billion level 2 3.\n 2015 $ 1. 35 billion $ 1. 97 billion 2 3.\n"
}
{
    "_id": "dd4c22ebc",
    "title": "",
    "text": "republic services.\n financial statements 2014 monitor credit worthiness financial institutions.\n credit risk limited variety customers markets dispersion operations.\n commercial industrial municipal residential united states puerto rico.\n credit evaluations require collateral receivables.\n establish allowance doubtful accounts credit risk age historical trends economic conditions.\n collection transfer recycling disposal.\n recorded billed revenue earned claims parties settled cash.\n estimated realizable value.\n provisions evaluated monthly collection experience age information economic conditions.\n review balances.\n reserves accounts 90 days outstanding.\n past due receivable balances written-off collection unsuccessful.\n table activity allowance doubtful accounts years december 31.\n balance beginning year $ 38. $ 45. $ 48.\n 22. 29.\naccounts written-off. 0 22. 1 23. -32. 5 32. 5\n balance end year $ 38. 9 $ 38. 3 $ 45. 3\n restricted cash securities december 31 2014 $ 115. million.\n obtain funds tax-exempt bonds financing expenditures landfills transfer stations collection recycling centers.\n deposited trust accounts.\n restricted consolidated balance sheets.\n financial assurance agencies collection contracts landfills environmental remediation permits business licenses.\n cash trust funds escrow accounts.\n cost.\n expenditures additions improvements capitalized maintenance repairs charged.\n cost depreciation removed gain loss reflected consolidated statements."
}
{
    "_id": "dd4c07a04",
    "title": "",
    "text": "management financial condition results operations 2013 millions effect foreign exchange rate changes cash equivalents increase $ 11. 2016 brazilian real strengthening.\n dollar 2016 2015.\n balance sheet data 2017 2016\n cash equivalents marketable securities $ 791. $ 1100.\n short-term borrowings $ 84. $ 85.\n long-term debt. 323.\n 1285. 1280.\n total debt $ 1372. $ 1690.\n cash flow equivalents operating requirements twelve months.\n corporate credit facility uncommitted lines credit commercial paper program needs.\n disciplined approach liquidity flexibility cash capital expenditures acquisitions common stock repurchase dividends.\n evaluate market conditions financing alternatives funds improve liquidity risk.\n capital markets depends factors credit ratings.\n guarantee new.\ninclude operations lease obligations capital expenditures acquisitions dividends taxes debt service.\n minority shareholders equity.\n 2022 debt service short-term borrowings $ 84. 9 seasonal working capital.\n remainder debt long-term maturities through 2024.\n.\n acquisitions paid cash $ 29. 7 $ 7. 1.\n paid $ 0. up-front payments $ 100. deferred payments prior-year acquisitions ownership increases subsidiaries.\n pay $ 42. 2018 acquisitions.\n $ 33. 2018 options minority shareholders.\n opportunities strengthen market position expand presence high-growth markets.\n paid four quarterly cash dividends $ 0. 18 per share $ 280.\n 2018 common stock cash dividend $ 0. 21 per share payable march 15 2018.\n quarterly.21 share no change 2017 expect pay $ 320. twelve months."
}
{
    "_id": "dd4bba920",
    "title": "",
    "text": "loan before modified tdr discounted cash flow analysis impairment.\n severe delinquency history higher future default rate.\n one- to four-family home equity loan pre- modification delinquency status borrower current credit score credit bureau attributes default experience credit characteristics incorporated specific allowance.\n investment exceeds discounted cash flows tdr charge provision for loan losses.\n allowance loans represents forecasted losses over life economic concession borrower.\n results volatility credit markets complexity uncertainty estimating losses loan.\n difficult estimate changes factors home equity lines credit amortizing requiring allowance loan losses.\n allowance cover losses.\n increase provision for loan losses regulatory capital position results.\n banking regulators federal reserve review business practices.\n changes from.\nvaluation goodwill intangible assets evaluated impairment november 30 interim periods deterioration decision sell unit.\n assets net amortization $ 1. 8 billion $ 0. 2 billion at december 31  2013.\n allocated reporting units operating segments.\n evaluated impairment annual.\n estimating fair value subjective estimates judgments cash flows discount rates control premium.\n management judgment value value.\n valuation methodologies market discounted cash flow estimate value.\n factors operating results future business plans economic projections market data.\n comparative data goodwill allocated reporting units.\n december 31 2013 2012\n retail brokerage $ 1791.\n.\n goodwill 1791. $."
}
{
    "_id": "dd4be858c",
    "title": "",
    "text": "equity compensation plan information table presents equity securities as december 31  2013.\n number securities issued options warrants rights weighted-average exercise price securities remaining future issuance excluding plans approved 2956907 35. 2786760 plans not approved 2014.\n number securities issued weighted-average exercise price number securities remaining future issuance excluding\n plans approved by holders 2956907 35. 2786760\n plans not approved 2014\n 2956907 $ 35. 2786760\n includes grants under huntington ingalls industries.\n 2012 long-term incentive stock plan approved stockholders may 2 2012 huntington ingalls industries.\n 2011 stock plan approved stockholder.\nshares 818723 stock options 1002217 restricted performance stock rights 602400 63022 2011 plan.\n 24428 stock 446117 restricted performance rights 2012 plan target performance achievement.\n weighted average exercise price 818723 stock options.\n no awards plans not approved.\n 13.\n relationships transactions director independence proxy statement 2014 annual meeting 120 days fiscal year.\n.\n principal accountant fees services 2014 meeting fiscal."
}
{
    "_id": "dd49753cc",
    "title": "",
    "text": "corporate consumer loan tables purchased distressed loans credit deterioration acquisition citigroup.\n difference expected cash flows investments recognized in income level yield.\n loans excluded from impaired loan information.\n decreases cash flows loan require allowance level yield.\n increases cash flows recognized as reduction allowance income increasing level yield.\n distressed loan accounted under cost recovery method.\n carrying amount loan portfolio at december 31 2010 $ million net allowance $ 77 million.\n changes in accretable yield allowance amount millions loan receivable allowance.\n accretable yield carrying loan receivable allowance\n beginning balance $ 27 $ 920 $ 95\n purchases\n disposals/payments\n allowance\n increase expected cash flows -2\n17 -50 2014\n balance december 31 2010 $ 116 77\n balance receivable $ 130 million purchased loans level-yield $ 0 cost-recovery.\n fair value acquisition.\n cash flows level-yield $ 131 million.\n balance $ 315 million-yield $ 154 million cost-recovery."
}
{
    "_id": "dd49763da",
    "title": "",
    "text": "market price dividends company common shares trading new york stock exchange.\n table high low sales prices common stock dividend paid per share.\n cash dividends expected future.\n january 29 2003 company declared quarterly cash dividend $. 455 per share payable february 28 2003 shareholders february 14 2003.\n quarter 2002 high low dividend\n 31 25. 84 21. 50. 455 24. 80 22.\n 30 28. 21. 26.\n 28. 25. 46 24. 22.\n. 25."
}
{
    "_id": "dd4c2e334",
    "title": "",
    "text": "audited financial statements director stock compensation subplan eastman's 2018 component 2017 omnibus plan until terminated.\n awards restricted shares non-employee members.\n subject terms conditions 2017 omnibus plan.\n separate source equity awards shares part 10 million shares 2017 omnibus plan.\n shares restricted stock granted first day non- employee director's initial term service non-employee director annual meeting.\n practice new shares equity awards plans settlement issuance stock shares income tax obligations.\n unrestricted common stock non-employee directors not eligible withheld.\n senior management employees accepted exercise price stock options.\nexpense 2018 2017 2016 $ 64 million $ 52 million $ 36 million recognized administrative expense earnings share-based awards $ 9 million $ 8 million $ 7 million related stock options.\n expense recognized vesting period shorter termination employees.\n $ 3 million 2018 $ 2 million 2017 2016 stock option compensation expense recognized termination eligibility.\n option awards granted non-employee directors.\n awards exercise price equal closing price company stock grant.\n term 10 years vesting periods three years.\n vesting.\n option valuation model assumptions option fair value.\n weighted average assumptions stock options 2018 2017 2016.\n volatility rate 19. 03%. % 20. 45%. 23. 71%.\n dividend yield 2. 48%.. 64%. 64 %. 31%. 31 %\n risk-free interest. 61%. 61 %. 91%. 91 %. 23%. 23 %\n.\n volatility rate stock price volatility.\n weekly stock price.\n dividend yield average four quarterly dividend yields.\n risk-free interest rate united states treasury daily yield curves."
}
{
    "_id": "dd4c01ae6",
    "title": "",
    "text": "item 5.\n market common equity issuer purchases table presents quarterly high low share sale prices common stock new york stock exchange 2007 2006.\n march 31 $ 41. 31 $ 36.\n june 30 43. 84 37\n september 30 45.\n december 31 46. 53\n march 31 $ 32. 68 $ 26.\n june 30 35. 75 27.\n september 30 36. 92 29.\n december 31 38. 74 35.\n february 29 2008 closing price common stock $ 38. 44 per share.\n february 29 2008 395748826 outstanding shares 528 registered holders.\n never paid dividend common stock.\n retain future earnings fund development growth business.\n. notes prohibit dividends financial covenants.\n. dividends.\nspectrasite subsidiaries unrestricted 7. 50%. 125%. notes subsidiaries restrictions cash loan agreement securitization.\n information restrictions revolving credit facility agreement see item 7 annual report 201cmanagement financial condition results operations 2014liquidity capital resources liquidity 201d note 3 consolidated financial statements."
}
{
    "_id": "dd497a2c8",
    "title": "",
    "text": "expiration statutes estimates unrecognized tax benefits $ 365 million twelve months no impact earnings tax.\n audit adjust final.\n income tax provision 2007 $ 415 million $ 41 million tax $ 8 million other benefits.\n $ 423 million 30% pre-tax earnings minority.\n tax 2006 $ 1. 9 billion $ 1. 6 billion deferred tax $ 300 million current tax provision.\n $ 11 million special tax adjustment.\n $ 272 million 29% pre-tax earnings minority.\n 2005 $ 407 million $ 454 million special tax adjustment $ 627 million agreement.\n.\n $ 142 million deferred taxes earnings repatriations act $ 31 million other tax charges.\n $ 83 million 20% pre-tax earnings minority.\n.\noperating loss carryforwards $ 352 million 2008 2017 $ 14 million indefinite 338 million.\n $ 258 million 2008 2017 83 million 2018 2027 175 million.\n federal.\n state tax credit carryforwards 2008 2017 $ 67 million 2018 2027 $ 92 million $ 316 million.\n state capital loss 2008 2017 $ 9 million.\n deferred income taxes differences $ 3. 7 billion $ 2. 7 billion $ 2. 4 billion december 2007 2006 2005.\n.\n deferred tax liability.\n property machinery equipment leased.\n unconditional purchase obligations capital projects purchase pulpwood wood chips raw materials energy services.\n december 31 2007 future commitments-cancelable leases obligations.\n\n lease obligations $ 136 116 101 92\n purchase obligations 1953 294 261 1480\n $ 2089 410 362 319 279 1572\n $ 2. 1 billion fiber supply agreements transformation plan.\n rent expense $ 168 million 217 million $ 216 million 2007 2006 2005.\n 2000 unsecured credit agreement financial institution.\n cancelled paid fee $ 11 million.\n no future obligations."
}
{
    "_id": "dd4973d88",
    "title": "",
    "text": "mississippi.\n financial revenue fuel expenses gas power expenses regulatory charges.\n net revenue 2010 2009.\n.\n 2009 revenue $ 536.\n volume/weather.\n.\n 2010 revenue $ 555.\n increase 1046 gwh 8% electricity usage favorable weather residential sector.\n operating revenues power expenses regulatory charges increased increase $ 22 million power management revenue higher rates volume/weather variance revenue decrease $ 23. million fuel cost recovery revenues.\n power expenses decreased deferred fuel expense average market price purchased power increased area demand.\n regulatory charges recovery costs power management.\n operation maintenance expenses decreased $. million decrease compensation benefits costs incentive compensation stock option expense sale $ 4. million surplus oil inventory.\n offset increase $.9 million legal expenses deferral 2010 litigation.\n taxes increased ad valorem taxes higher 2011 assessment offset higher capitalized property taxes.\n depreciation amortization expenses plant service.\n interest decreased funds power."
}
{
    "_id": "dd4b92614",
    "title": "",
    "text": "changes unrecognized tax benefits interest penalties 2012 2011 2010 millions.\n 2011\n beginning balance $ 1375 $ 943  $ 971\n increases 340\n decreases -107 -224\n 425\n decreases settlements -3 -102\n decreases expiration statute limitations\n ending balance $ 2062 $ 1375 $ 943\n interest penalties benefits.\n september 29 2012 2011 interest penalties accrued $ 401 million $ 261 million non-current liabilities.\n recognized interest expense 2012 2011 $ 140 million $ 14 million 2010 benefit $ 43 million.\n subject taxation returns.\n federal state foreign jurisdictions.\n.\n years prior 2004 closed.\n revenue service federal income tax returns 2004 2006 proposed adjustments.\n contested.\nirs examining years 2007 2009.\n company subject to audits by state local foreign tax authorities.\n years 1989 2002 open.\n management believes provision for adjustments tax examinations.\n outcome tax audits.\n could provision income tax.\n resolutions could reduce tax benefits by $ 120 million $ 170 million next 12 months.\n five million shares authorized preferred stock none issued outstanding.\n board directors authorized to determine alter rights preferences privileges restrictions shares.\n 2012 approved dividend policy plans quarterly dividends $ 2. 65 per share.\n declared dividend $ 2. 65 per share.\n paid $ 2. 5 billion 16.\n no dividends declared first three quarters of 2012 2011 2010."
}
{
    "_id": "dd4bc2440",
    "title": "",
    "text": "abiomed.\n subsidiaries financial statements 2014.\n stock award plans compensation $. 1 million years 31 2009 2008 2007.\n fair value shares employee stock purchase plan estimated black-scholes option-pricing model.\n risk-free interest rate 1. 01%. 61%. 84%. 84 %\n life.\n 67. 2%. 2 %. 2%. 2 % 39. 8%. 8 %\n.\n 2008 issued 2419932 shares common stock $ 17. 3788 net proceeds $ 42. million.\n 2007 issued 5000000 shares april 2007 additional 80068 shares 2019 over-allotment option.\n authorized 1000000 shares class b preferred stock $. value.\n shares issued.\n.\n taxes deferred tax assets liabilities future tax consequences carryforwards tax.\ndeferred tax assets liabilities measured tax rates.\n valuation reserve established.\n stock option compensation deductions credited equity.\n march 2009 federal state net operating loss carryforwards $ 145. 1 million $ 97. 1 million fiscal 2010.\n research development credit carryforwards $ 8. 1 million $ 4. 2 million 2010.\n acquired impella german 2005.\n pre-acquisition net operating losses $ 18. 2 million denominated subject exchange remeasurement incurred net losses.\n 2008 $ 1. 2 million pre-acquisition losses.\n subject statutory approvals requirements.\n full valuation allowance established offset deferred tax assets liabilities.\n utilization credit carry forwards limitation section 382 ownership changes.\nownership changes section 382 internal revenue code limit net operating loss research development credit future income.\n believes federal state nol 2019s available carryforward future tax periods maximum carryforward limitation.\n future limitation gross deferred tax assets.\n ownership changes limitations."
}
{
    "_id": "dd4b90d50",
    "title": "",
    "text": "energy refinance redeem retire debt maturity market interest dividend rates.\n debt common stock issuances require regulatory approval. issuances subject to issuance tests bond agreements. capacity capital needs.\n receivables from money pool december 31 years.\n 2017 2016 2015 2014\n $ 111667 $ 33809 $ 39926 $ 2373\n note 4.\n nuclear fuel company credit facility $ 120 million expire may 2019.\n december 31 2017 $ 17. 8 million letters of credit $ 50 million loans credit facility.\n 4.\n obtained authorizations from through october 2019 for 2022 short-term borrowings not exceed $ 200 million long-term borrowings security issuances nuclear fuel company entity.\n note 4-term borrowing limits.\n.\n.\nsystem energy 2017 apsc mpsc filed complaint.\n seeks reduction return equity unit power sales agreement sells gulf capacity energy arkansas louisiana mississippi new orleans.\n sells capacity separate agreements.\n current return equity. 94%.\n complaint alleges return unjust unreasonable capital market excessive.\n requests investigate lower return january 23 2017 refund effective date.\n analysis reasonable return 8. 37%. 67%.\n system energy 2017 disputes return. 37%\n lpsc city council.\n system energy provision revenue outcome.\n september 2017 ferc established refund effective date january 23 2017 consolidated return equity complaint power sales agreement directed settlement"
}
{
    "_id": "dd4bf8f36",
    "title": "",
    "text": "no impact plan obligations.\n 2015 healthcare trend rate 7% ultimate trend 5% 2019.\n projected benefit payments.\n 2017.\n 2018.\n 2019.\n 2020.\n 2021.\n 2022.\n estimated benefit payments future events.\n actual vary.\n.\n involved legal proceedings commercial competition environmental health safety product liability insurance.\n 2010 brazilian council decision air products brasil. gas companies anticompetitive activities.\n civil fine r$ 179. million $ 55 30 2016 air products brasil.\n recommendation ministry justice competition laws industrial medical gases.\n fines based revenue.\n denied allegations filed appeal 2010.\n 2014 granted fine.\n dismissed.\n appealed pending.\n adverse final judgment not probable.\n no provision consolidated financial statements.\nestimate maximum loss fine r$ 179. 2 million $ 55 at 30 september 2016 plus interest until final disposition.\n legal proceedings financial condition results cash flows.\n involved proceedings environmental response compensation liability act resource conservation recovery act state environmental laws.\n 33 sites final settlement reached responsible engaged investigation.\n monitor sites.\n accruals environmental loss contingencies recorded liability loss estimated.\n consolidated balance sheets 30 2016 2015 accrual $ 81. 4 $ 80. 6.\n paid over 30 years.\n estimate exposure environmental loss contingencies $ 81 to $ 95 as 30 september 2016."
}
{
    "_id": "dd4bf9f80",
    "title": "",
    "text": "3m cash balance december 31 2007 $ 1. 896 billion additional $ 1. 059 billion-term securities.\n balance sheet liquidity flexibility.\n acquisition opportunities.\n acquisition aearo holding.\n $ 1. 2 billion 2008.\n paid dividends $ 1. 380 billion 2007.\n increased quarterly dividend. 50 cents per share annual $ 2. per share.\n authorized two-year share repurchase $ 7. billion 2007 to 28 2009.\n december 31 2007 $ 4. 1 billion remaining 28 2009.\n $ 100 million to $ 400 million.\n pension plans.\n minimum pension contribution obligation.\n.\n contribution. tax deductibility.\n contributions market conditions interest rates.\n strong cash flow balance sheet pension without growth.\n working capital measures.\n.\naccounting principles measures.\n working capital combined index receivable inventory payable.\n quarterly net sales 2013 multiplied four 5. 3 december 31 2007. 4 2006.\n receivables increased $ 260 million. 4%. 2006.\n currency translation increased accounts receivable $ 159 million-on-year.\n dollar weakened.\n inventories increased $ 251 million 9. 7%.\n translation increased inventories $ 132 million.\n accounts payable increased $ 103 million 65 million currency translation.\n cash flows operating investing financing activities tables.\n exclude acquisitions divestitures exchange rate impacts.\n changes balances.\n.\n 2007 2006\n net income $ 4096\n depreciation amortization\npension contributions -376 -348 -654\n -3 -37 -134\n pension expense 190 347 331\n 65 93\n stock-based compensation 228 200\n gain sale businesses -849 2014\n taxes -178\n tax benefits stock-based compensation -74 -54\n receivable -103 -184\n inventories -54 -309 -294 294\n payable -4 68\n insurance receivables claims 158 58 122\n -105 252 198\n cash $ 4275 $ 3839"
}
{
    "_id": "dd4c51988",
    "title": "",
    "text": "fuel operations financial results affected by availability price jet fuel.\n 2014 regional fuel consumption $ 1 per barrel increase crude oil 2014 annual fuel expense $ 104 million hedges $ 87 million hedges.\n table shows annual aircraft fuel consumption costs american regional carriers eagle 2011 2013.\n fuel requirements 2014 increase 4. billion gallons operations.\n gallons consumed average cost per gallon total cost operating expenses.\n 2011.\n 2012.\n 2013.\n fuel expenses american eagle third-party regional carriers 31 2013 2012 2011 $ 1. billion $. billion $ 946 million.\n trade ship fuel maintain storage facilities flight operations.\nentered hedging contracts call options collars spreads.\n heating oil jet fuel crude oil primary commodities hedge portfolio.\n price fuel hedging gains losses.\n part i item 1a.\n business on price availability aircraft fuel.\n high volatility increased prices disruptions results liquidity. january 2014 hedges 19% estimated aag 2014 fuel requirements.\n capped $ 2. 91 per gallon jet fuel.\n one percent hedged spreads $ 3. 18 per gallon jet.\n eighteen percent hedged collars price $ 2. 62 per gallon jet fuel.\n exclude taxes transportation costs.\n not entered fuel hedges since current policy.\n part ii item 7.\n financial.\n.\n fuel prices fluctuated.\n predict future availability price volatility cost aircraft fuel.\ndisasters political disruptions wars oil fuel policy strength.\n dollar currencies petroleum pipelines terminals speculation energy futures aircraft fuel production capacity environmental concerns unpredictable events fuel supply shortages fuel price volatility cost increases.\n.\n business on price availability aircraft fuel.\n high volatility increased fuel prices disruptions results liquidity. public liability passenger liability property damage all-risk coverage.\n coverage liability injury public property loss flight equipment.\n workers compensation employer liability limits deductibles standard.\n since september 11 2001 obtain coverage liability employees passengers terrorism war war risk coverage.\n purchased war risk coverage special program.\n.\n expires september 30 2014"
}
{
    "_id": "dd497e134",
    "title": "",
    "text": "1b.\n unresolved comments.\n 2.\n december 28 2013 major facilities feet millions united states owned 29. 9 16. 7 46. 6 leased. 6 8.\n 29. 16. 46. 6\n leased. 6. 8\n 32. 22. 54.\n leases land expire 2062.\n leases 2028 include renewals.\n executive offices.\n wafer fabrication.\n building fabrication facility oregon.\n widen process technology.\n large-scale fabrication building arizona 2013.\n delay equipment installation facility capacity future technologies.\n. wafer fabrication facilities israel china ireland.\n transitioning technology manufacturing 2015.\n assembly test facilities malaysia china costa rica vietnam.\n sales marketing offices worldwide near concentrations customers.\nbelieve facilities suitable purposes productive capacity.\n identify allocate assets segment.\n property equipment 201cnote 27 operating segments geographic information ii item 8 form.\n.\n 201cnote 26 contingencies ii item 8.\n.\n mine safety disclosures.\n"
}
{
    "_id": "dd4bfb34e",
    "title": "",
    "text": "2022 volatility interest capitalization rates capital market conditions loss of hedge accounting treatment for interest rate swaps good credit interest rate swap providers price volatility dislocations liquidity disruptions financial markets impact financing effect rating agency actions on cost new debt financing decline in value real estate collateral for mortgage obligations change in mortgage financing market single-family housing competitive satisfy rules status reit federal income tax operating partnership taxable reit subsidiaries inability attract retain qualified personnel cyber liability privacy environmental contamination adverse tax changes legal proceedings class action lawsuit compliance costs laws access for disabled persons other risks in annual report 10-k 1a.\n risk factors reports.\n new factors business.\n law no obligation to update revise forward-looking statements annual report events after.\n.\n.\nmaa multifamily self real estate investment trust.\n own operate acquire develop apartment communities southeast southwest mid-atlantic united states.\n ownership apartment commercial properties 17 states district columbia.\n multifamily\n unconsolidated\n commercial properties.\n commercial space multifamily communities 615000 square feet leasable space.\n business operating partnership.\n sole general partner 113844267 units 96. 5%. partnership interest.\n 1993.\n 2508 full time employees 44 part-time."
}
{
    "_id": "dd497314e",
    "title": "",
    "text": "divestiture arrow moores businesses unfavorable sales international plumbing decreased sales percent.\n sales 2016 increased volume plumbing paints coating builders' hardware.\n cabinets windows price increases north american windows plumbing.\n lower volume cabinets prices paints.\n gross profit margins 32. 34. 33. 4 percent 2018 2017 2016.\n 2018 impacted commodity costs inventory adjustment acquisition expenses unfavorable sales mix.\n offset selling prices cost savings initiatives increased sales volume.\n 2017 profit margin impacted increased sales volume prices commodity costs cost savings initiatives.\n expenses 17. percent 2018. 2016.\n driven fixed expenses increased sales volume improved cost control.\n operating.\n profit $ 1211 1194 1087\n rationalization charges\nkichler inventory adjustment 2014\n profit $ 1265 $ 1198 1109\n. 5%. 5 %. 6%. 6 %. 8%. 8 %\n. 1%. 7%. 7 %.\n affected commodity costs inventory adjustment acquisition logistics.\n offset selling prices cost savings sales volume.\n profit 2017 sales volume savings commodity costs.\n impacted strategic growth investments expenses.\n tariffs imported materials 25 percent 2019 $ 150 million annual cost increases.\n mitigate price increases supplier negotiations supply chain repositioning productivity measures.\n $ 14 million pension post-retirement benefit cost $ 8 million foreign currency losses.\n offset $ 3 million earnings equity investments $ 1 million distributions private equity funds.\n2017 26 million pension 13 million loss divestitures $ 2 million equity fund offset 3 million distributions 1 million earnings equity."
}
{
    "_id": "dd49781f8",
    "title": "",
    "text": "operations revenues 2014 2013 2012 change.\n freight revenues $ 22560 $ 20684 $ 19686 9% 9 % 5% 5 % )\n revenues 1428 1279 12% % 3% 3 % )\n $ 23988 $ 21963 $ 20926 9 % 5% 5 %\n six commodity groups.\n vary volume average revenue car.\n price traffic mix fuel surcharges.\n contractual incentives volumes reductions freight revenues.\n revenues.\n allocate transit time recognize expenses.\n revenues subsidiaries commuter operations accessorial revenues equipment services.\n obligations.\n freight revenues six commodity groups increased 2014 2013 7% ( 7 % volume growth pricing gains. 5%.\n grain frac sand rock intermodal shipments declines crude.\nrevenues commodity groups increased 2013.\n agricultural products.\n increased 5% pricing gains business automotive logistics management.\n volume flat automotive frac sand crude oil domestic coal international grain.\n fuel surcharge programs revenues $ 2. 8 billion $ 2. 6 billion. billion 2014 2013 2012.\n surcharge 2014 increased 6% 7% 7 % carloadings.\n surcharge 2013 flat price.\n increased higher revenues per diem revenue container.\n revenue increased miscellaneous contract revenue revenues."
}
{
    "_id": "dd4ba1c86",
    "title": "",
    "text": "graph compares return dividends common stock standard's 500 composite stock index dow jones united states travel leisure index five year prices 2011 2016.\n royal caribbean cruises. 139. 198. 350. 362.\n. 153. 174. 198.\n dow jones travel leisure. 113. 164. 191. 203. 218.\n performance graph value common stock index $ 100 december 31 2011 dividends reinvested.\n performance not indicator future results."
}
{
    "_id": "dd4c0f696",
    "title": "",
    "text": "compares shareholder return common stock 500 composite stock index 2008 2013 closing price common stock $ 22. 77.\n assumes investments $ 100 december 31 2008 common stock indices reinvestment dividends.\n $ 350. 300. 250. 200. 150. 100. 50. graph.\n 2010 2011 2012 2013\n 128. $ 120. 165 229.\n s&p 500 index $ 125. 144. 225.\n&p industrials index $ 120. 151. 150. 243.\n&p consumer durables apparel index $ 136. 177. 191. 232. $ 316.\n 2007 board authorized purchase 50 million shares common stock.\n december 31 2013 authorization repurchase. 6 million shares.\n first quarter 2013 repurchased retired 1.7 million shares common stock 35 million 2013 grant.\n purchased since 2013."
}
{
    "_id": "dd497041c",
    "title": "",
    "text": "alexion pharmaceuticals.\n financial statements 2014 years december 31 2007 2006 december 2005 july 31 2005 amounts thousands future rental payments five years non-cancellable leases december 31 2007.\n 2008 4935\n 2009\n 2010\n 2011\n 2012\n.\n march 16 2007 pdl biopharma. civil action alexion.\n delaware.\n infringement patents soliris.\n damages royalty attorney fees.\n denied claims.\n counterclaims non invalidity.\n patents.\n defenses.\n february 4 2008.\n civil action alexion northern district california.\n.\n infringement.\n.\n.\n monetary damages equitable relief attorneys fees.\nalexion believes defenses sb2 claims defend counterclaims.\n results civil actions.\n operating results adjustments cost notes 2 6 15.\n agreement december 18 2002 lonza agreement soliris amended june 2007.\n additional purchase commitments soliris $ 30000 to $ 35000 2013.\n commitments cancelled limited circumstances."
}
{
    "_id": "dd4ba8b4e",
    "title": "",
    "text": "welltower inc.\n financial statements weight subjective evidence projections growth.\n valuation allowance rollforward summarized year ended december 31 2017.\n beginning balance $ 96838 $ 98966 $ 85207\n expense benefit 30445\n ending balance $ 127283 $ 96838 $ 98966\n acquisitions subject corporate taxes asset dispositions five-year period-in gains tax.\n income subject tax equal excess fair value asset adjusted tax basis gain.\n offset net operating losses capital loss carryforwards.\n year ended december 31 2016 acquired additional assets built-in gains subject built gains tax ten-year period.\n not recorded deferred tax liability potential built-in gains tax.\nreit investment diversification empowerment act 2007 years after 30 2008 lease health care properties to trs operated by independent contractor. rent from trs related party rent exception treated as real property. includes real property personal property to hospital nursing facility assisted living care continuing care services.\n joint ventures.\n resident level rents operating expenses reported in consolidated financial statements subject to federal state foreign income taxes.\n net operating loss carryforwards offset taxable income future years.\n subject to audit by internal revenue service december 31 2014 subsequent.\n.\n 31 2011.\n subject to canada revenue agency provincial authorities may 2012. revenue customs august 2012.\n december 31  2017 net operating loss reit of $ 448475000.\n uncertainty deferred tax recorded tax asset nols reit.\n amounts offset future.\n reit nols tax credit carryforwards income exceeds deduction dividends.\n nol carryforwards 2017 expire 2036.\n tax cuts act eliminates carryback period limits nols 80% taxable income replaces 20-year indefinite."
}
{
    "_id": "dd497d036",
    "title": "",
    "text": "masco corporation consolidated financial statements.\n march 9 2018 acquired assets.\n kichler.\n leader residential commercial lighting products led lighting systems.\n expands product.\n results acquisition consolidated financial statements decorative architectural products segment.\n recorded $ 346 million net sales 2018.\n $ 2 million cash $ million paid cash.\n revised allocation purchase price assets liabilities december 31 2018.\n.\n preliminary allocation fair value acquisition summarized table millions.\n receivables\n inventories\n prepaid expenses\n property equipment\n goodwill\n intangible assets\n accounts payable\n accrued liabilities\n $ 548 $ 549\n goodwill acquired tax deductible related operational financial synergies combining kichler operations.\nintangible assets acquired $ 59 million indefinite-lived trademarks $ 181 million definite-lived.\n $ 145 million customer relationships amortized 20 years $ 36 million amortized three years.\n 2017 acquired mercury plastics. plastics processor manufacturer water $ 89 million.\n.\n faucet technology components.\n recognized $ 38 million goodwill tax deductible synergies combining operations."
}
{
    "_id": "dd4c122d8",
    "title": "",
    "text": "received commitments $ 30. billion debt financing transactions $ 4. billion secured revolving credit $ 7. billion term loan $ 19. billion secured bridge loan.\n reliance on financing $ 19. billion bridge loan secured note offerings long-term financings merger closing.\n no assurance notes debt market volatility may exercise commitments.\n costs financing may higher.\n credit rating downgrades affect businesses cash flows financial condition operating results t-mobile.\n credit ratings impact cost future borrowings cost capital.\n current ratings reflect financial strength operating performance debt obligations.\n no assurance.\n downgrade rating businesses cash flows results t mobile.\n incurred direct indirect costs.\nincurred substantial expenses completing transactions combined company expects integrating coordinating sprint businesses operations policies procedures.\n transaction costs incurred regardless.\n factors beyond control affect timing.\n difficult to estimate.\n exceed costs.\n affect financial.\n.\n unresolved.\n december 31 2018 properties switching centers data centers call centers warehouses.\n size\n switching centers\n data centers 6\n call 17\n warehouses 21\n leased 64000 macro towers 21000 distributed antenna system small cell sites.\n 2200 t-mobile retail locations stores kiosks 100 to 17000 square feet.\n office space 1000000 square feet corporate headquarters bellevue washington.\n 2019 executed leases 170000 additional square feet headquarters.\noffices engineering administrative.\n 2022 space. 1700000 square feet regional sales."
}
{
    "_id": "dd4c26dbe",
    "title": "",
    "text": "december 31 working capital surplus.\n strong cash position liquidity uncertain economic environment.\n adequate access capital markets cash requirements financial capacity liabilities.\n cash flows millions 2012.\n operating $ 6161 $ 5873 $ 4105\n investing -3633 3633 -2488 2488\n financing -2682 2682 -2381 2381\n $ -154 $ $ -764\n net income lower tax benefits bonus depreciation past wages labor negotiations.\n.\n tax relief unemployment insurance reauthorization job creation act 100% bonus depreciation 2011 50% % bonus depreciation 2012.\n deferred 2011 income tax expense.\n decreased payments positive operating cash flow.\n additional cash taxes deferred.\nnew accounting standard 2010 changed receivables securitization sale to secured borrowing decreased cash $ 400 million 2010.\n higher capital investments 2012 increase cash.\n $ 75 million early buyout 165 locomotives long-term first economic market conditions.\n higher capital investments proceeds sales 2011 increase cash."
}
{
    "_id": "dd4bfff20",
    "title": "",
    "text": "november 1 2016 management evaluated assets alcoa corporation no charge required.\n cash flows segregated included consolidated cash flows 2016.\n table presents depreciation depletion amortization restructuring charges purchases property plant equipment discontinued operations.\n december 31, 2016\n depreciation depletion amortization $ 593\n restructuring charges $ 102\n capital expenditures $ 298\n.\n evaluated arconic no events recognition consolidated financial statements january 22 2019 sale arconic.\n february 6 2019 board appointed john.\n chief executive officer chip blankenship.\n appointed elmer.\n doty president chief operating officer february 6 2019.\n.\n.\n arthur.\n collins. appointed interim independent director effective february 6 2019.\nfebruary 8 2019 company announced initiatives reduce operating costs impact 2019 separation portfolio engineered global rolled products spin-off potential sale businesses $ 500 share repurchase program 2019 additional $ 500 repurchases 2020 reduce quarterly dividend $ 0. 06 to $ 0. 02 per share.\n february 19 2019 accelerated share repurchase agreement jpmorgan chase bank $ 700 common stock.\n delivery 32 million shares february 21 2019.\n final based volume-weighted average price common stock.\n agreement organizational structure separation changes reportable segments 2019."
}
{
    "_id": "dd4c0fa06",
    "title": "",
    "text": "liquidity capital resources december 31 2011 sources included cash equivalents receivables securitization facility revolving credit facility commercial paper financing capital markets.\n $ 1. 8 billion credit facility no borrowings.\n.\n outstanding interest receivables securitization facility $ 100 million debt due after one year.\n receivables securitization facility investment grade bond rating.\n liquidity.\n access commercial paper capital market financings market conditions.\n deterioration.\n financial stability.\n issuing bonds credit markets.\n december 31 working capital surplus.\n strong cash position enhanced liquidity uncertain economic environment.\n adequate access capital markets cash requirements sufficient financial capacity current liabilities.\n cash flows 2011.\n operating activities $ 5873 $ 4105 $ 3204\n investing activities\nfinancing -2623 -2381 ( 2381 ) -458 ( 458 )\n change cash cashequivalents $ 131 -764 $ 601\n operating activities higher net income lower tax payments 2011 increased cash.\n tax relief unemployment job creation act 2010 100% depreciation 2011 50% 2012.\n company deferred 2011 income tax expense.\n decreased 2011 tax payments positive cash flow.\n additional cash taxes deferred.\n new accounting standard receivables securitization borrowing decreased cash $ 400 million 2010.\n higher net income cash.\n higher capital investments proceeds asset sales 2011.\n lower proceeds."
}
{
    "_id": "dd4bb407a",
    "title": "",
    "text": "equity compensation plan information table presents equity securities as december 31 2012.\n number securities issued options warrants rights weighted-average exercise price securities remaining future issuance excluding plans approved 3946111 $ 34. 67 3608527 plans not approved.\n number securities issued weighted-average exercise price number securities remaining future issuance excluding\n plans approved by holders 3946111 $ 34. 67 3608527\n plans not approved\n 3946111 $ 34. 67 3608527\n includes grants huntington ingalls industries.\n 2012 long-term incentive stock plan approved stockholders may 2 2012 huntington ingalls industries.\n 2011 stock plan approved stockholder.\n1166492 stock options 2060138 restricted performance stock rights 641556 63033 2011 plan.\n 9129 5763 restricted performance rights 2012 plan target performance achievement.\n weighted average exercise price 1166492 stock options.\n no awards plans approved.\n 13.\n relationships transactions director independence proxy statement 2013 annual meeting 120 days fiscal year.\n 14.\n principal accountant fees services 2013 annual meeting 120 fiscal."
}
{
    "_id": "dd4ba6b50",
    "title": "",
    "text": "december 31 2017 future payments non-cancelable leases.\n 2018 $ 9127\n 2019 8336\n 2020 8350\n 2021 7741\n 2022 7577\n 9873\n future lease payments $ 51004\n rent expense leases $ 9. 4 million $ 8. 1 million $ 5. 4 million 2017 2016 2015.\n 2012 building santa clara california headquarters.\n lease term 120 months commenced august 2013.\n owner building construction.\n completion 2013 involvement sale-leaseback accounting.\n involvement post construction transferability $ 4. million letter credit sublease fees higher.\n lease financing obligation payments reduction principal financing obligation interest expense land lease expense.\n lease term de-recognize net book values remaining financing obligation.\nassets $ 53. 4 million financing obligation $ 39. 6 million $ 41. 2 million.\n $ 1. 9 million $ 37. 7 million short-term long-term financing obligations.\n land lease expense $ 1. 3 million 2017 2016 2015."
}
{
    "_id": "dd4c3d78a",
    "title": "",
    "text": "corporate items 2018 2017 2016.\n net gain-marketvaluation commodity positions $ 14. -69.\n loss commodity positions profit 11. 32. 127.\n-to-marketrevaluation grain inventories 6.\n commodity positions $ 32. $ 13. $ 62\n. may 27 2018 net value commodity derivatives $ 238. million $ 147. 9 million agricultural inputs $ 90. 9 million energy inputs.\n contracts next 12 months.\n exposed volatility fixed-rate debt floating-rate debt.\n exposures.\n treasury libor euribor commercial paper rates states.\n interest rate swaps forward-starting treasury locks hedge exposure reduce financing costs fixed floating-rate debt.\nswaps fixed floating-rate interest.\n swaps cash flow hedges.\n effectiveness assessed derivative method.\n gains losses reclassified earnings.\n ineffective gains losses net interest.\n hedge ineffectiveness $ 2. 6 million loss 2018 less $ 1 million 2017.\n swaps fair value hedges underlying debt derivatives.\n ineffective gains losses net interest.\n hedge ineffectiveness $ 3. million loss 2018 $ 4. million gain 2017 less $ 1 million 2016.\n financing entered $ 3800. million treasury locks due april 19 2018 average fixed rate 2. 9 percent $ 2300. million third quarter $ 1500. fourth quarter.\n cash settled $ 43. million fourth quarter $ 850. $ 800. 7-year.500. 650.\n $ 500. million treasury locks due 2017 average rate 1. 8 percent.\n cash settled $ 3. 7 million second quarter 2018 $ 500. million 5-year."
}
{
    "_id": "dd4c631e2",
    "title": "",
    "text": "entergy gulf states louisiana.\n management financial capital include internally generated funds cash debt membership interest issuances bank financing.\n refinance redeem debt equity interests maturity market conditions dividend rates.\n debt require regulatory approval.\n subject tests corporate charter bond agreements.\n capacity capital needs.\n.\n filed application authority issue $ 200 million short- term debt $ 500 million tax-exempt bonds $ 750 million long-term securities.\n november 8 2007 issued orders authority two-year period ending november 8 2009.\n receivables money pool december 31 years.\n 2008 2007 2006 2005\n 11589 55509 64011\n note 4 financial statements.\n credit facility $ 100 million august 2012.\nborrowings outstanding credit facility december 31 2008.\n may 2008 entergy gulf states louisiana issued $ 375 million 6. first mortgage bonds due may 2018.\n proceeds pay $ 325 million. bonds june 2008 not assumed entergy texas redeem $ 189. 7 million $ 350 million bonds december 2008 purposes.\n $ 325 million. paid maturity no longer outstanding.\n paid.\n rita katrina 2005 gulf states. louisiana texas.\n power outages damage electric infrastructure loss sales customers evacuations.\n entergy pursuing initiatives recover storm restoration business continuity costs losses.\n reimbursement costs insurance recovery mechanisms securitization."
}
{
    "_id": "dd496d014",
    "title": "",
    "text": "ordinary business geologic trends economics allowed lease acreage expire may allow additional acreage.\n production not established leases undeveloped acreage expire next three years.\n plan continue terms licenses retain leases majority undeveloped acres licenses ethiopia kenya executed agreements 2015.\n kenya transaction closed february 2016 ethiopia transaction expected close first quarter 2016.\n item 8.\n financial statements supplementary data note 5 consolidated financial statements.\n net undeveloped acres expiring year ended december 31.\n 2016 2017 2018\n.\n.\n 189 4352 854\n 4444 890\n 257 4533"
}
{
    "_id": "dd4ba2316",
    "title": "",
    "text": "options 2010 2009 2008 $ 240. 4 million $ 15. 1 million $ 100. 6.\n total grant-date fair value $ 67. 2 million $ 73. 6 million $ 77. 6 million.\n proceeds option exercises cash flows $ 216. 1 million $ 12. 4 million $ 94. 2 million net shares surrendered tax obligations restricted.\n withholding based minimum statutory withholding requirement.\n restricted stock unit award activity october 30 2010 changes value per share.\n october 31 2009.\n units granted.\n lapsed.\n units forfeited.\n units october 30 2010.\n $ 95 million unrecognized compensation cost unvested share-based awards stock options restricted stock units.\n recognized 1. 4 years.\nstock repurchase program 2019s since august 2004.\n board directors authorized repurchase $ 4 billion common stock.\n repurchase outstanding shares open market privately transactions.\n all shares.\n october 30 2010 repurchased 116. 0 million shares for $ 3948. 2 million.\n additional $ 51. 8 million remains available for repurchase.\n repurchased shares unissued.\n future repurchases cash financial performance liquidity.\n repurchases shares employee tax obligations price options equity compensation plans.\n 471934 authorized shares of $ 1. 00 par value preferred stock none issued outstanding.\n board fix designations rights preferences limitations stock issuance.\n.\n statements 2014"
}
{
    "_id": "dd4c25324",
    "title": "",
    "text": "payment future quarterly dividends discretion board adjusted business market conditions.\n merger agreement agreed aetna coordinate declaration payment dividends stockholders quarterly dividend.\n 2015 board declared cash dividend $ 0. 29 per share paid january 29 2016 stockholders december 30 2015 $ 43 million.\n compares standard poor composite 500 index dow jones health care providers index five years december 31 2015.\n investment $ 100 common stock s&p 500 peer group december 31 2010 dividends reinvested paid.\n 100 162\n s&p 500\n peer group 100 110 129 226\n stock price performance not indicative future performance."
}
{
    "_id": "dd4bc7c60",
    "title": "",
    "text": "graph matches cadence design systems. 5-year shareholder return common stock returns s&p 500 information technology nasdaq composite index.\n assumes investment common stock index dividends $ 100 december 28 2002 29 2007.\n 5 year return cadence design systems. s&p 500 nasdaq composite information technology index.\n $ 100 invested 12/28/02 12/31/02 reinvestment dividends.\n calculated month-end.\n division mcgraw-hill companies.\n.\n. researchdatagroup.\n 12/28/02 1/3/04 1/1/05 12/31/05 12/30/06 12/29/07\n cadence design systems. 149. 138 147\n. 149 182.\n. 187 205.\n. 150. 165. 192\nstock price performance not future"
}
{
    "_id": "dd4c59034",
    "title": "",
    "text": "abiomed  inc.\n subsidiaries financial statements 2014.\n stock award plans compensation 2000 stock incentive plan adopted august 2000.\n grants options employees directors advisors consultants incentive nonqualified stock options board directors.\n 4900000 shares common stock awarded exercisable times terms.\n options vest 4 years expire ten years.\n nonqualified stock option plan non-employee directors.\n adopted july 1989 grants options common stock non-employee directors.\n 400000 shares common stock.\n vesting periods 1 to 5 years expire ten years estimates stock option black-scholes option valuation model.\n.\n share-based payment prior period disclosure net loss stock-based compensation value method.\n.\n value options granted fiscal years 2005 2006 2007 calculated weighted average assumptions.\nrisk-free interest rate 3. 87%. 87 % 4. 14%. 14 %. 97%. 97 %\n option life years 7. 5. 3 6. 25\n volatility 84% 84 % 73% 73 % 65% 65 %\n-free interest rate united states treasury yield curve stock options.\n volatility assumptions historical volatility adjustments.\n product diversification acquisition.\n average expected life estimated simplified method.\n.\n fair value net estimated forfeitures.\n forfeitures.\n expected dividend yield zero option valuation.\n average grant-date fair value options 2005 2006 2007 $ 8. 05 $ 6. 91 $ 8. 75 per share.\n.\n expense $ 5. 8 million $ 0. 21 per share 2007 fiscal year 2019 compensation cost.\nunrecognized stock-based compensation expense unvested stock option awards at march 31 2007 approximately $ 9. 0 million net forfeitures average time 1. 9 years.\n.\n requires tax deductions compensation cost financing cash flow.\n change impact cash flows twelve months march 31 2007.\n.\n accounted stock-based compensation.\n.\n disclosure-only alternative requirements.\n.\n recognize compensation expense for issuance options with fixed exercise prices"
}
{
    "_id": "dd4bb7c52",
    "title": "",
    "text": "cross-border outstandings countries 1% assets december 31 2007 2006 2005 millions.\n united kingdom $ 5951 5531 2696\n canada 4565\n australia 3567\n netherlands\n germany 2944 2696\n total cross-border outstandings $ 17027 $ 9746 $ 10809\n outstandings 12% 12 % 9 % 11% 11 % assets december 31 2007 2006 2005.\n no outstandings countries. 75%. 1% 1 % assets.\n cross-border outstandings. 1% 1 2006 $ 1. 05 billion canada 2005 $ 1. 86 billion belgium japan.\n management level capital risk profile regulatory requirements financial flexibility initiatives.\n objective strong capital base financial flexibility growth protection against loss depositors creditors.\nstrive maintain optimal capital risk profile attractive return short long term protecting obligations depositors creditors regulatory requirements.\n capital management focuses risk exposures capital position regulatory capital requirements evaluations credit rating agencies.\n capital committee asset liability committee oversees regulatory capital capital requirements targets.\n primary regulator state street bank federal reserve board.\n subject minimum capital requirements deposit insurance corporation act 1991.\n meet regulatory capital thresholds financial holding."
}
{
    "_id": "dd4c214fe",
    "title": "",
    "text": "synergies consolidating businesses acquisitions public-private partnerships capital expense requirements truck routing personnel fleet maintenance inventories back-office administration.\n goal deliver consistent high quality service customers republic way.\n.\n.\n standardized processes controls tracking scale operational excellence.\n key harnessing.\n organizational structure high performance culture 360 degree accountability profit loss responsibility management functional structure.\n markets local management market dynamics.\n productivity cost control initiatives service.\n fleet automation 72% residential routes converted automated single driver trucks.\n labor costs productivity decrease emissions safer work environment.\n communities automated vehicles higher recycling programs.\n fleet conversion compressed natural gas 16% fleet operates cng.\n expect continue conversion fleet replacement process.\n conversion full value fleet investments.\n33% replacement vehicle purchases 2015 cng.\n competitive advantage clean emission initiatives.\n cng reduces fleet costs lower fuel expenses.\n 2015 operated 38 cng fueling stations.\n ninth largest vocational fleet states.\n average fleet age age.\n residential 7200\n small-container commercial 4400\n large-container industrial\n total 15600.\n standardized vehicle maintenance program best fleet management truck care maintenance.\n variability"
}
{
    "_id": "dd4be8ec4",
    "title": "",
    "text": "financial statements sumitomo mitsui financial group.\n provides credit loss protection on loan commitments investment-grade commercial lending.\n $ 29. 24 billion $ 32. 41 billion december 2013 2012.\n credit loss protection limited to 95% first loss maximum $ 950 million.\n protection 70% additional losses maximum $ 1. 13 billion $ 870 million $ 300 million protection provided december 2013 2012.\n firm uses financial instruments mitigate credit risks.\n credit default swaps underlying instrument market index.\n warehouse financing.\n provides financing assets.\n secured corporate loans commercial mortgage loans.\n three business days.\n contingent financing resale agreements.\n funding depends contractual conditions expire unused.\n investment commitments private equity real estate assets funds.\ncommitments include $ 659 million $ 872 million real estate $ 6. 46 billion $. 47 billion corporate investments.\n $ 5. 48 billion $ 6. 21 billion funds firm.\n funded at market value.\n obligations long-term lease agreements office space expiring through 2069.\n agreements escalation real estate taxes charges.\n future minimum rental payments sublease rentals.\n millions.\n rent expense $ 324 million 2013 $ 374 million 2012 $ 475 million 2011.\n leases include office space.\n rent expense growth. firm records liability fair value remaining lease rentals reduced sublease rentals leases space.\n costs to terminate lease before measured fair value termination.\n.\n note 27-related.\n.\nmultiple mortgage market originators issuers servicers investors.\n uncertainty exposure.\n goldman sachs 2013 annual report"
}
{
    "_id": "dd4c13b60",
    "title": "",
    "text": "management discussion analysis jpmorgan chase. annual report december 31.\n millions 2009 2008\n hedges lending-related commitments $ -279 $ -3258\n -403 -2359\n net gains losses $ -682 $ -1338 $ -143\n hedges qualify hedge accounting.\n.\n jpmorgan chase uses instruments financing needs.\n maximum credit risk.\n lending commitments $ 346. 1 billion december 31 2010 $ 347. 2 billion 2009.\n decrease january 1 2010 accounting guidance.\n commitments increased $ 16. 6 billion.\n amount not representative credit risk exposure funding requirements.\ndetermining credit risk exposure commitments allocating capital established-equivalent amount each commitment represents unused commitment exposure expected default.\n loan-equivalent commitments were $ 189. 9 billion $ 179. 8 billion as of december 31 2010 2009.\n portfolio includes exposures developed emerging markets.\n exposures lending trading investment activities cross-border.\n country exposure based country assets obligor counterparty guarantor.\n amounts adjusted for collateral credit enhancements. outstandings supported by guarantor backed collateral assigned to country enhancement provider.\n effect credit derivative hedges short credit equity trading positions.\n activity government private-sector entities.\n reports country exposure for regulatory ffiec guidelines.\n page 314.\n european countries subject credit deterioration economic fiscal situations.\nfirm monitoring exposures five countries.\n exposures less than $ 15. 0 billion at december 31 2010 no country majority.\n less than half exposure.\n believes exposure modest risk manageable diversification.\n business exposures may vary.\n impacted by market conditions interest rates credit spreads valuations.\n monitors exposure emerging market countries utilizes country stress tests risk extreme loss crisis.\n no common definition emerging markets includes countries sovereign debt ratings 201ca+ 201d or lower.\n table exposure top 10 emerging markets countries.\n largest exposures credit conditions."
}
{
    "_id": "dd4c3c8e4",
    "title": "",
    "text": "exit cost liabilities pmi millions.\n balance january 1 2014 $ 308\n 391\n cash spent -360\n -69\n december 31 2014 $ 270\n 68\n cash spent -232\n -52\n december 31 2015 $ 54\n cash payments exit costs $ million $ 360 million $ 21 million 2015 2014 2013.\n future cash payments $ 54 million paid end 2017.\n-tax costs 2014 philip.\n discontinue cigarette production.\n trade unions ceased production september 1 2014.\n pre-tax asset costs $ 489 million.\n employee separation $ 343 million asset impairment $ 139 million $ 7 million.\n $ 68 million $ 41 million $ 51 million 2015 2014 2013.\n organizational restructuring.\n2014-tax charges factory closures australia canada restructuring.\n leaf purchasing model.\n 2013 restructuring functions switzerland australia.\n costs $ 258 million distribution agreements eastern europe east africa asia.\n $ 5 million factory closure canada."
}
{
    "_id": "dd4c59ffc",
    "title": "",
    "text": "acquisition grupo financiero 2007 citigroup largest credit card issuer central america affiliates $ 2. 2 billion assets.\n results global cards latin america consumer banking march 2007.\n acquisition subsidiaries $ 1. 51 billion $ 755 million cash 14. 2 million shares common stock ubc internacional.\n.\n results may 2007 america consumer banking.\n overseas chinese $ 427 million.\n asia consumer banking global cards securities december 2007.\n acquisition quilter.\n wealth advisory firm.\n march.\n sale.\n acquisition banking.\n online financial services provider prudential plc $ 1. 39 billion.\n global cards consumer banking may 1 2007.\n purchase 20% equity interest akbank second-largest privately owned bank turkey $ 3.billion.\n investment equity.\n sabanci holding 34% % owner akbank shares subsidiaries granted citigroup right first refusal sale shares.\n citigroup increase ownership akbank.\n mastercard 2007 recorded $ million after-tax gain $ 581 million pretax sale 4. 9 million mastercard b shares citigroup public offering 2006.\n gain businesses millions pretax-tax.\n 2007\n global cards $ 466 $\n consumer banking\n $ 581 $\n citigroup. shareholder. sold. million redecard shares public offering.\n citigroup retained 23. 9%. ownership redecard.\n after-tax gain $ 469 million $ 729 million pretax citigroup 2007 financial results global cards business.\n visa restructuring visa usa international canada merged visa inc.\n.\n citigroup recorded $ 534 million gain international shares consumer banking.\n carried balance sheet new cost.\n $ 306 million charge visa north america consumer banking."
}
{
    "_id": "dd4ba6eac",
    "title": "",
    "text": "kimco realty subsidiaries investment retail store leases interests leases.\n premises sublet retailers.\n income 2008 $ 1. 6 million $. 8 million $ 2. 7 million.\n sublease revenues $ 5. 9 million $ 5. 2 million $ 7. 1 million less expenses $ 4. 3 million $ 4. 4 million $. million.\n future revenues 2011 $ 5. 2 $ 3. 4 2012 $ 4. 2. 2013 3. 2 2014 2. 1. 2015 2. 1 $ 2. $ 1.\n acquired 90% equity leveraged lease 30 properties.\n long-term bond net lease expires 2016 renewal option rights.\n cash equity investment $ 4. million.\n net investment leveraged lease.\ndecember 31 2010 18 properties sold proceeds mortgage debt $ 31. million remaining 12 properties encumbered third-party non debt $ 33. 4 million amortize term lease.\n no recourse principal interest debt collateralized first mortgage lien.\n obligation offset against net rental receivable.\n 2009 net investment lease millions.\n remaining net rentals $ 37. $ 44.\n unguaranteed residual value 31.\n non-recourse mortgage debt -30.\n unearned deferred income.\n net investment leveraged lease $ 5. $ 4.\n.\n variable interest entities consolidated properties four entities company primary beneficiary.\n real estate.\n involvement majority ownership.\nentities deemed vies voting rights equity proportional obligation absorb losses returns activities conducted investor fewer voting rights.\n company primary beneficiary.\n 2010 sold two vie 2019s primary."
}
{
    "_id": "dd4c26738",
    "title": "",
    "text": "realty investment trust estate depreciation 2007 depreciation amortization.\n balance december 31 2004 $ 595338\n 83656\n deductions retirements -15244\n 2005 $ 663750\n 89564\n deductions -12807\n balance 2006 $\n 96454\n deductions retirements -80258\n balance 31 2007 $ 756703"
}
{
    "_id": "dd4bda02c",
    "title": "",
    "text": "consolidated financial statements share long-term debt five years.\n 2004 $ 244.\n 2005 $ 523.\n 2006 $ 338.\n 2007.\n 2008 $.\n 2009 $ 1327.\n 7 2003 standard ratings downgraded senior credit rating+ negative.\n 14 fitch ratings downgraded+.\n 9 moody's investor services.\n senior credit ratings downgrade baa3 ba1.\n 12 2004 ratings downgrade.\n 2001 not repurchased common stock.\n 2003 received federal tax refund $ 90 2002 loss.\n paid cash dividends quarterly 2002 $ 0. 095 per share.\n board dividends.\n restricted revolving credit facilities.\n declare pay dividends 2003.\n 2004 expects pay dividends convertible stock revolving credit facilities.\nnote 14 long-term debt.\n 9 equity december 16 2003 sold 25. 8 million shares common stock issued 7. 5 million shares 3- year mandatory convertible preferred stock.\n net proceeds $ 693.\n stock dividend yield 5. 375%.\n 3. 0358. 7037 shares common stock market price conversion premium 22% offering price $ 13. 50 per share.\n stock converted maturity.\n.\n 2004 $ 246 net proceeds. 80%. convertible notes 2004.\n remaining proceeds corporate purposes balance sheet financial condition.\n annual dividends $ 2. 6875.\n cumulative payable.\n first dividend payment february 24 2004 march 15 2004."
}
{
    "_id": "dd4c3c6b4",
    "title": "",
    "text": "december 31 2012 2011 estimated company uncertain tax positions $ 19 million $ 6 million.\n reversal $ 1 million federal income tax rate.\n accrued interest penalties unrecognized tax benefits $ 2 million $ 3 million december 2012 2011.\n company reduction $ 10 million liability uncertain tax positions spin-off northrop grumman primary obligor.\n 2010 settlement.\n.\n congressional committee tax returns 2004 2006.\n recognized tax benefits $ 8 million.\n reduction $ 10 million liability uncertain tax positions million.\n table summarizes tax years examination tax jurisdictions.\n states\n mississippi\n virginia\n uncertain tax positions asserted authorities could greater accrued position.\nadditional provisions federal state income tax could revised estimates.\n company could settle positions tax lower accrued.\n next 12 months liability for uncertain tax positions may decrease $ 14 million.\n recognizes accrued interest penalties.\n irs northrop grumman's consolidated tax returns 2007 through 2009.\n.\n march 31 2011 liability for uncertain tax positions $ 4 million state tax.\n obligated reimburse settlement liabilities spin state.\n recorded reimbursement receivable $ 4 million assets uncertain tax positions state income taxes.\n deferred income taxes reflect temporary differences between assets liabilities.\n classified as current non assets liabilities."
}
{
    "_id": "dd4bed492",
    "title": "",
    "text": "2018 form 10-k 31 business environment summarizes factors affecting results operations financial condition liquidity position year december 31 2018 2017 2016 read consolidated financial statements notes.\n operate 120 countries helping find evaluate drill produce transport process hydrocarbon resources.\n revenue from sale products services major independent oil natural gas companies dependent on spending customers natural gas exploration field development production.\n spending driven by factors customers forecasts future energy demand supply access resources capital programs impact new government regulations expectations oil natural gas prices cash flows.\n oil natural gas prices summarized averages daily closing prices periods.\n 2018 2017 2016\n oil prices $ 71. 34 54. 43.\n.\n.\n.energy information administration brent spot price barrel cushing west texas price henry hub natural gas price million 2018 volatility oil gas market.\n first three quarters stability north american international markets.\n fourth quarter commodity prices dropped 40% customer uncertainty.\n large offshore projects positive investment decisions lng market improved increased demand.\n first large north american lng positive investment decision.\n spending brent oil prices increased.\n $ 71. 34/bbl. 2017. $ 86.\n first three quarters brent oil prices increased.\n fourth quarter declined 39% increased supply. global economic slowdown lower production cuts.\n north spending wti oil prices.\n $ 65. 23/bbl. 2017. $ 77.\n north america natural gas prices henry hub averaged $ 3.2018 6% increase.\n natural gas prices $ 6. 24/mmbtu january $ 2. 49 february.\n.\n department energy natural gas storage 2018 2705 billion cubic feet. 421 bcf below 2017."
}
{
    "_id": "dd4b8983e",
    "title": "",
    "text": "facilities.\n foreign cash equivalents not key liquidity domestic operations.\n 30 2019 $ 2. 9 billion credit facilities revolving credit facility majority matures july 1  2022.\n liquidity working capital corporate purposes acquisitions dividends stock repurchases.\n restrictive covenants govern availability.\n.\n $ 129. 8 million outstanding credit cash equivalents $ 151. 6 million $ 636. 8 million.\n cash equivalents kapstone acquisition.\n equivalents outside.\n total debt $ 10063. 4 million $ 561. 1 million.\n $ 6415. 2 million $ 740. 7 million.\n increase related kapstone acquisition.\n cash flow.\n year cash operating activities $ 2310. $ 1931.\n investing -4579. -815.\n financing 1780. -755.\ncash 2019 increased $ 379. million higher earnings $ 340. 3 million decrease working capital.\n adoption asu 2016-15 2016-18.\n cash reduced $ 489. 7 million investing increased $ 483. 8 million change proceeds securitization.\n investing $ 4579. 6 million $ 3374. 2 million purchase businesses kapstone acquisition $ 1369. 1 million capital expenditures offset $ 119. 1 million sale $ 33. 2 million life insurance $ 25. 5 million.\n $ 815. 1 million 2018 $ 999. 9 million capital expenditures $ 239. 9 million purchase businesses $ 108. million investment grupo gondi.\n offset $ 461. 6 million cash receipts 2016-15 $ 24. million proceeds sale affiliates solid waste management $.proceeds property.\n 2019 financing $ 1780. million debt 2314. million kapstone dividends 467. million purchases common stock 88. million.\n 2018 financing 755. million dividends. purchases $ 195. million repayments $ 120. million."
}
{
    "_id": "dd4b8bab2",
    "title": "",
    "text": "company insured account potential asbestos exposure.\n.\n engagement final settlement negotiation monitoring claim activity under agreements.\n condition insurer payment upon claim experience annual payment caps control payments.\n.\n operation four sip agreements one executed prior to acquisition.\n 2000.\n preference fixed schedule payments eliminate future uncertainty.\n enhanced classification of insureds by exposure characteristics over time analysis for exposed active.\n less exposed subject less rigorous management monitoring exposure.\n focuses on estimation processes potential exposure.\n a&e reinsurance concentrated limited contracts 1974 to 1984.\n claim staff familiar with ceding companies generated liabilities likely future liabilities.\n familiarity ceding companies claims handling reserving practices.\n familiarity enhances quality analysis exposure.\ncompany believes unusual exposure non asbestos.\n setting reserves reinsurance liabilities relies on claims data ceding companies brokers.\n not loss projections.\n table summarizes total reserves losses reinsurance.\n years 2012 2011 2010\n reserves ceding companies $ 138. 4 $ 145. 6 $ 135. 4\n additional reserves assumed reinsurance 90. 6 102. 9 116.\n direct insurance 36. 40. 38.\n not reserves 177. 210. 264.\n reserves 442. 499. 554.\n reinsurance receivable. 21.\n net reserves $ 425. 7 $ 480. 2 $ 532. 9\n additional reserves specific ceding company assessment loss.\n.additional losses latent injuries exposures unrecognized company industry may emerge future.\n company financial condition results operations cash flows."
}
{
    "_id": "dd4b996e4",
    "title": "",
    "text": "management financial condition results operations 2013 amounts millions net cash investing 2012 capital expenditures acquisitions offset proceeds $ 94. sale holdings.\n capital expenditures $ 169. computer hardware software leasehold improvements.\n capital expenditures increased 2012 due increase leasehold improvements.\n payments acquisitions $ 145. new acquisitions.\n financing activities purchase long-term debt repurchase common stock payment dividends.\n redeemed $ 600. 10 notes.\n repurchased 31. shares common stock $ 481. dividend payments $ 126. common stock.\n cash financing proceeds debt transactions.\n issued $ 300. 2. 25% notes 2017. $ 500. 3. 75% 2023. $ 250. 4. 2022.\n proceeds. repurchase redemption $ 399. 4. 25%25 %.\n offsetting proceeds debt transactions repurchase 32. shares common stock cost $ 350. including fees dividend payments $ 103.\n foreign exchange rate changes decrease $ 94. 2013.\n.\n dollar stronger foreign currencies 2012.\n $ 6. 2012.\n.\n dollar stronger currencies.\n dollar weaker currencies 31 2012 2011.\n balance sheet data 31 2013 2012\n cash equivalents marketable securities $ 1642. $ 2590.\n short-term borrowings $ 179. $ 172.\n long-term debt 353. 216.\n 1129. 2060.\n total debt $ 1662. $ 2449.\n cash flow operations equivalents operating requirements next twelve months.\n committed corporate credit facility uncommitted facilities support operating needs.\ndisciplined liquidity flexibility cash capital expenditures acquisitions stock repurchase dividends."
}
{
    "_id": "dd4c3164c",
    "title": "",
    "text": "refineries processed 944 crude oil 207 blend stocks.\n table daily oil refining capacity december 31 2008.\n.\n garyville louisiana\n catlettsburg\n robinson illinois\n detroit michigan\n canton ohio\n texas\n. minnesota\n refineries atmospheric vacuum distillation catalytic cracking reforming desulfurization recovery units.\n refined products heavy oil asphalt.\n aromatics cumene propane sulfur maleic anhydride.\n refineries integrated pipelines terminals barges.\n transportation links intermediate products.\n garyville refinery mississippi river.\n processes heavy crude oil gasoline sulfur asphalt propane propylene isobutane coke.\n2006 approved expansion garyville refinery 180 436 projected cost $ 3. 35 billion.\n construction commenced 2007.\n december 31 2008 75 percent complete.\n late 2009.\n catlettsburg kentucky refinery northeastern kentucky bank big sandy river ohio river.\n processes sour crude oils gasoline asphalt diesel jet fuel propane sulfur.\n robinson refinery southeastern.\n.\n detroit michigan refinery interstate 75 southwest.\n processes oils gasoline diesel asphalt propane.\n 2007 approved heavy oil upgrading expansion project detroit cost $ 2. 2 billion.\n sour oils refining capacity 15 percent.\n2008 mid-2012.\n canton refinery 60 miles southeast cleveland.\n processes sour crude oils gasoline kerosene propane sulfur asphalt roofing home heating.\n.\n texas city refinery gulf coast 30 miles south houston.\n gasoline propane sulfur aromatics.\n.\n refinery.\n.\n.\n.\n canadian crude oils gasoline kerosene asphalt propane."
}
{
    "_id": "dd4b9d2ee",
    "title": "",
    "text": "management financial condition results operations bancorp 100 million shares common stock open market privately transactions derivative instrument share repurchase transactions.\n authorization replaced board previous authorization.\n may 21 2013 bancorp accelerated share repurchase transaction purchased 25035519 shares $ 539 million common stock.\n 100 million share repurchase program march 19 2013.\n october 1 2013 received additional 4270250 shares adjustment treasury shares.\n november 13 2013 accelerated share repurchase transaction 8538423 shares $ 200 million stock.\n.\n settlement february 28  2014.\n december 10 2013 accelerated share repurchase transaction purchased 19084195 shares $ 456 million common stock.\n 100 million program.\n settlement march 26  2014.\n28 2014 bancorp accelerated share repurchase transaction purchased 3950705 shares $ 99 million common stock 31.\n 100 million share repurchase program 19 2013.\n settlement march 26 2014.\n share repurchases.\n december 31 2013 2012 2011\n repurchase january 63046682 19201518\n 45541057\n repurchase december 31 43071613 63046682 19201518\n average price share $ 18. $.\n 2013 purchase 100 million shares common stock.\n price targets expiration date.\n replaces previous authorization 54 million shares repurchase.\n 1863097 2059003 1164254 shares repurchased 2013 2012 2011 employee compensation plans.\nrepurchases not included in average price count against maximum shares under board directors 2019 authorization.\n stress tests bhcs hold adequate capital access funding continue operations obligations credit intermediaries.\n ccar process requires comprehensive capital plan minimum horizon nine quarters economic scenarios.\n mandatory elements assessment use sources capital capital actions changes business plan capital process capital adequacy capital policy.\n revised capital framework basel iii accord minimum regulatory capital ratios transition arrangements.\n frb review assumptions analysis.\n reviews capital adequacy process capital policy ability maintain capital above ratios basel iii tier 1 common ratio 5 percent stressful conditions.\n frb stress testing rules section 165 dfa.\n large bhcs including bancorp subject to final stress testing rules.\nrules require supervisory company stress tests capital losses operations adverse economic conditions.\n 2013 frb completed 2013.\n frb objected non- objection.\n capital actions april 1 2013 march 2014 increase quarterly common stock dividend to $ 0. 12 per share repurchase $ 750 million trups ii-qualifying subordinated debt conversion $ 398 million. 5%. convertible preferred stock into 35. 5 million common shares.\n repurchase shares $ 550 million $ 550 million preferred stock"
}
{
    "_id": "dd4bc4b46",
    "title": "",
    "text": "stock performance graph not section 18 exchange act incorporated into filing holdings.\n under exchange securities act except.\n comparison may 9 2013 through december 31 2016 return common stock standard poor 500 stock index select peer group.\n cerner charles river laboratories. dun & bradstreet equifax. icon markit. laboratory nielsen. parexel. thomson reuters verisk analytics.\n companies publicly traded technology research companies similar business model quintilesims.\n used by compensation committee benchmarking.\n graph assumes $ 100 invested in quintilesims s&p 500 peer group may 9 2013 reinvestments dividends.\n comparative purposes.\n reflect management opinion not forecast future performance common stock.\n.\n5/9/2013 12/31/2013/31/2015/31/2016\n $ 100 110 140 163 181\n group $ 100 116 143 151\n s&p 500 $ 100 114 127 126 138\n.\n income 2016 2015 2014 balance sheet december 31"
}
{
    "_id": "dd49822ca",
    "title": "",
    "text": ".\n rothschild ownership opus one.\n produces fine wines napa valley winery.\n acquisition robert mondavi supports portfolio premium super-premium fine wine categories.\n robert mondavi recognition.\n majority sales united states.\n leveraging brands.\n intends distribution.\n mondavi acquisition supports strategy strengthens competitive position core markets.\n presence premium super-premium fine wine sectors distribution international markets.\n growth opportunities premium super-premium fine wines united kingdom markets.\n paid cash robert mondavi shareholders $ 1030. 7 million.\n incurred direct acquisition costs $ 12. 0 million.\n purchase financed borrowings 2004 credit agreement.\n acquired net assets recorded fair value date.\n purchase price based on estimated future operating results robert mondavi operating cost synergies.\n results robert mondavi reported constellation wines segment included consolidated statements income since acquisition.\n table summarizes values assets acquired liabilities assumed acquisition adjusted final appraisal.\n current assets $ 513782\n property plant equipment 438140\n other assets 124450\n trademarks 138000\n goodwill 634203\n assets acquired 1848575\n current liabilities 310919\n long-term liabilities\n liabilities assumed 805914\n net assets acquired $ 1042661\n trademarks not subject amortization.\n goodwill deductible tax.\n sold vineyard properties assets winery properties 2006 2005.\n net proceeds $ 170. million sale.\n.\n no gain loss recognized sale.\n acquired control hardy capital stock.\n 50% ownership pacific wine partners.\nacquisition hardy pwp 201chardy acquisition. wine wineries vineyards regions new zealand united states marketing sales operations.\n october 2005 pwp merged subsidiary.\n cash common stock hardy shareholders $ 1137. 4 million.\n acquisition costs $ 17. 2 million.\n.\n $ 1. 6 million reduction purchase price interest.\n consolidated statement income february 29 2004.\n cash purchase price $ 1060. 2 million financed with $. 2 million borrowings credit $ 400. million bridge loan.\n issued 6577826 shares common stock valued $ 77. 2 million closing market price 2003.\n purchase price based discounted cash flow analysis distribution international markets presence australian winemaking regions.\n hardy businesses common growth orientation operating philosophy.\nhardy acquisition 2019s growth"
}
{
    "_id": "dd4b8eece",
    "title": "",
    "text": "issuer purchases equity securities table repurchases common stock three-month period december 31 2012.\n shares purchased average price paid amount future repurchases.\n shares purchased average price paid future repurchases\n october 1 2012 october 28 842445.\n 29 november 25 872973.\n 26 december 31 1395288.\n 3110706.\n repurchased 3. 1 million shares common stock $ 286 million quarter ended december 31 2012 repurchase program announced october 2010.\n board directors approved share repurchase program repurchases $ 6. 5 billion.\n management amount timing law regulation.\n expiration date.\n december 31 2012 repurchased 54. million shares $ 4. 2 billion."
}
{
    "_id": "dd4bea4b8",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements six-month.\n average value share espp purchase options 31 2012 $ 14. 83 $ 13. 42 $ 13. 64 .\n. million shares future.\n black-scholes pricing model shares.\n risk-free interest rate. 06%. % 11% 11 %. 07% % % 12 %\n average risk-free interest rate. 09% 09 %. 10 %. %\n life shares 6 months\n volatility stock price option 11. 29%. 29 %. 59%. % 21 % 57%. % % 86%. 86 %\n average volatility stock price. 14%. %. 88%. 88 %. 54%. 54 %\n annual dividend yield. 50%. 50 %.\n.\nmandatory convertible preferred stock offering may 12 2014 company completed public offering 6000000 shares 5. 25%. value $ 0. 01 per share.\n net proceeds $ 582. 9 million commissions expenses.\n used acquisitions richland funded 2013 credit facility.\n each share may 15 2017 0. 9174 1. 1468 shares common stock market value anti-dilution adjustments.\n holders convert shares common stock minimum conversion rate.\n dividends shares payable cumulative board annual rate 5. 25%. liquidation preference $ 100. 00 per share february may 15 august 15 november 15 year 2014 2017.\n pay dividends cash shares common stock.\n unless full cumulative dividends paid no dividends paid common stock.\nrepurchase program 2011 approved repurchase program authorized purchase $ 1. 5 billion common stock.\n 2013 suspended repurchases acquisition mipt.\n authorized purchase shares open market prevailing prices securities laws legal requirements subject market conditions.\n"
}
{
    "_id": "dd4c64272",
    "title": "",
    "text": "jpmorgan chase. annual report 273 table presents.\n non.\n income before tax expense extraordinary gain years december 31 2010 2009 2008.\n millions.\n. $ 16568 $ 6263 $\n non. 8291\n before gain $ 24859 $ 16067 $ 2773\n. 24859 16067 non.\n income operations outside.\n 2013 restrictions cash funds transfers jpmorgan chase bank. regulation comptroller currency.\n member.\n federal reserve sys deposits.\n insured by.\n board governors federal reserve system cash reserves federal reserve bank.\n average reserve balances deposited subsidiaries federal reserve banks $ 803 million $ 821 million in 2010 2009.\n restrictions.\nlaw jpmorgan chase affiliates borrowing banking subsidiar unless loans secured amounts.\n loans limited to 10% capital determined risk guidelines loans limited to 20% capital.\n principal sources jpmorgan chase income dividends interest from bank. subsidi aries.\n federal reserve occ fdic authority prohibit limit payment dividends.\n january 1 2011 jpmorgan chase subsidiaries could pay $ 2. 0 billion dividends without prior approval regulators.\n capacity pay dividends 2011 supplemented by subsidiaries earnings.\n.\n december 31 2010 2009 cash $ 25. 0 billion $ 24. 0 billion securities $ 9. 7 billion $ 10. 2 billion  segregated in special bank accounts securities futures brokerage customers.\nfederal reserve requirements standards consolidated financial holding company.\n banks jpmorgan chase bank.\n two categories risk-based capital 1 2.\n 1 common equity preferred stock noncontrolling interests debt securities goodwill adjustments.\n 2 preferred stock long-term debt instruments credit losses risk-weighted assets.\n tier 1 tier 2.\n jpmorgan chase ratios tier 1 total capital risk-weighted assets leverage ratios.\n failure reserve action.\n banking subsidiaries subject requirements.\n december 31 2010 2009 jpmorgan chase subsidiaries well-capitalized met requirements."
}
{
    "_id": "dd4c5b0c8",
    "title": "",
    "text": "graph shows five-year comparison shareholder return common stock s&p small cap 600 russell 1000 index published indices.\n 2005 2010 $ 100 invested reinvestment dividends returns.\n 100. 108. 103. 88. 133. 178.\n&p small cap 600 index 100. 115. 114. 78. 98. 123.\n russell 1000 100. 115. 122. 76. 97. 113.\n s&p smallcap 600 russell 1000"
}
{
    "_id": "dd4c52518",
    "title": "",
    "text": "corporation america financial statements december 31 2002.\n accounting policies stock-based compensation pca management equity agreements 1999 125 employees.\n agreements options purchase 6576460 shares common stock $ 4. 55 per share holdings.\n five-year initial public offering full vesting restrictions 18 months.\n options vested january 2000 august 2001.\n 1999 long-term equity incentive plan stock options appreciation rights restricted stock performance awards directors officers employees.\n four-year directors immediately.\n june 1 2009 4400000 shares common stock long-term equity incentive plan.\n stock option activity december 31 2002 2001 2000 weighted-average exercise price.\n balance january 1 2000.\n.\n.\n forfeited.\n december 31 2000.\n953350 15. 45\n -1662475. 59\n 11.\n 31 2001 6478443.\n 19. 55\n -811791. 52\n -63550. 44\n 31 2002 6474102 9.\n"
}
{
    "_id": "dd4bd2732",
    "title": "",
    "text": "valuation allowance established deferred tax assets.\n uncertainty taxes 2011 2010 changes unrecognized tax benefits summarized increases 2013 decreases settlements lapse statute limitations foreign exchange gains losses $ 156925 11901 ( 4154 32420 ( 29101 3825 $ 163607 $ 218040 ( 7104 ) 15108 ( 70484 7896 december 2 2011 combined accrued interest penalties approximately $ 12. 3 million.\n tax returns.\n.\n.\n continual examination authorities.\n major tax jurisdictions. ireland california.\n. earliest fiscal years examination 2005 2006 2008.\n adjustments.\n assurance results financial position.\n august 2011 canadian income tax examination 2005 2008 completed.\n accrued tax interest approximately $ 35 million reported long-term income taxes.\nreclassified $ 17 million short-term taxes decreased deferred tax assets $ 18 million.\n $ 17 million balance short-term taxes secured letter credit expected paid first quarter 2012.\n.\n income tax examination 2005 2007 completed.\n accrued tax interest $ 59 million long-term taxes.\n paid $ 20 million.\n net income tax benefit fourth quarter 2010 $ 39 million.\n timing resolution income tax examinations uncertain tax payments audit settlement.\n fluctuations balance sheet classification.\n 2012 audits conclude statutes limitations tax expire.\n decreases unrecognized tax benefits $ 0 to $ 40 million.\n tax expense.\n.\n digital initiated 700 full-time positions recorded restructuring charges $ 78. 6 million termination benefits.\n financial statements.\nincreases unrecognized tax benefits 2013 11901 9580\n decreases -4154 -7104\n increases 32420 15108\n settlements\n statute limitations -7896 ( 7896\n foreign exchange gains losses -559 -319\n balance 163607 156925\n valuation allowance deferred tax assets investments.\n uncertainty taxes 2011 2010 changes unrecognized tax benefits increases decreases settlements lapse statute limitations foreign exchange gains losses balance 156925 11901 4154 32420 29101 3825 163607 218040 7104 15108 70484 7896 156925 december 2 2011 combined accrued interest penalties tax positions approximately $ 12. 3 million.\n tax returns.\n federal.\n.\n continual examination.\n major tax jurisdictions. ireland.\ncalifornia ireland. earliest years 2005 2006 2008.\n outcomes adjustments.\n no assurance final determination operating results financial position.\n august 2011 canadian income tax examination 2005 2008.\n accrued tax $ 35 million.\n reclassified $ 17 million short-term decreased deferred tax assets $ 18 million.\n $ 17 million balance secured letter credit paid first quarter 2012.\n october 2010.\n tax examination 2005 2007.\n accrued tax $ 59 million.\n paid $ 20 million.\n net income tax benefit fourth quarter 2010 $ 39 million.\n timing resolution tax examinations uncertain tax payments audit settlement.\n fluctuations balance sheet assets liabilities.\n 2012 audits conclude statutes limitations tax expire.\nuncertainties estimated decreases unrecognized tax benefits $ 0 to $ 40 million.\n decrease income tax expense.\n.\n 2011 digital media marketing initiated reductions 700 full-time positions recorded restructuring charges $ 78. 6 million termination benefits.\n financial statements"
}
{
    "_id": "dd4c2afae",
    "title": "",
    "text": "mondavi produces markets sells premium super-premium fine california wines.\n leading premium super-premium wine brands volume united states.\n acquisition robert mondavi supports portfolio growth super-premium fine wine.\n recognition globally.\n majority sales united states.\n intends leverage brands.\n expand distribution.\n growth philosophy.\n acquisition provides presence fine wine sector distribution international markets.\n supports strategy growth strengthens competitive position core markets.\n growth opportunities for premium super-premium fine wines united kingdom states other markets.\n paid cash robert mondavi shareholders $ 1030. 7 million.\n expects direct acquisition costs $ 11. 2 million.\n purchase price financed with borrowings 2004 credit agreement.\nacquired assets recorded fair value.\n purchase price based future results robert mondavi operating cost synergies.\n mondavi reported constellation wines segment consolidated statement income.\n table summarizes estimated values assets liabilities.\n obtaining valuations refining restructuring plan 2006.\n allocation purchase price subject to refinement.\n estimated values december 22 2004.\n current assets 494788\n property equipment 452902\n 178823\n trademarks 186000\n goodwill 590459\n assets acquired 1902972\n liabilities 309051\n long-term liabilities\n 861111\n assets\n trademarks not subject amortization.\n goodwill deductible tax.\n robert mondavi winery properties assets sale february 28 2005.\n 28 2006 $ 150 million to $ 175 million.\ngain loss sale assets.\n hardy acquisition march 27 2003 acquired control hardy april 9 2003 acquisition hardy capital stock.\n 50% ownership pacific wine partners joint venture 2001.\n 201chardy acquisition. australia wine producers interests winer vineyards regions new zealand united states market sales operations.\n consideration paid hardy shareholders $ 1137. 4 million.\n direct acquisition costs $ 17. 2 million.\n march 27 2003.\n $ 1. 6 million reduction purchase price interest.\n interest expense consolidated statement income year february 29 2004.\n cash purchase price $ 1060. mil financed $ 660. million borrowings $ 400. million"
}
{
    "_id": "dd4bdc084",
    "title": "",
    "text": "equity securities three months december 31 2010 repurchased 1460682 shares common stock $ 74. 6 million  including commissions fees stock repurchase program shares purchased average price paid share dollar value millions.\n average price share dollar value\n october 2010 722890 $. $ 369.\n november 400692 $. $ 348.\n december 2010 337100 $. $ 331.\n fourth quarter 1460682 $. $ 331.\n repurchases $ 1. 5 billion stock repurchase program february 2008.\n management authorized purchase shares open market prevailing prices securities laws subject market conditions.\nfacilitate repurchases rule 10b5-1 exchange act insider trading laws blackout.\n program discontinued.\n december 31 2010 repurchased 1122481 shares common stock $ 58. 0 million.\n february 11 2011 repurchased 30. 9 million shares $ 1. 2 billion.\n manage remaining $ 273. 1 million market conditions."
}
{
    "_id": "dd4c539b8",
    "title": "",
    "text": "treasury.\n unamortized discount debt costs amortized 2022.\n.\n issued $ 1. 5 billion unsecured obligations.\n debt securities $ 750 million 4. 25%. 2021 $ 750 million repaid 2013 maturity.\n proceeds repurchase blackrock 2019s series merrill lynch.\n.\n interest 4. 25%. notes 2021 payable semi-annually may november 24 $ 32 million per year.\n redeemed maturity price.\n unamortized discount debt costs amortized 2021.\n.\n 2009 issued $ 2. 5 billion unsecured.\n three $. billion 2. 25%. notes repaid 2012 $ 1. billion 3. 50%. repaid 2014 $ 1. billion 5. notes 2019.\nproceeds offering borrowings cp program acquisition barclays global investors 2009 corporate purposes.\n interest 2019 notes $ 50 million payable annually june december 10.\n redeemed maturity redemption price.\n unamortized discount debt costs amortized remaining term 2019.\n.\n issued $ 700 million. unsecured unsubordinated notes september 15 2017.\n proceeds acquisition fund-of-funds business remainder general corporate purposes.\n interest payable semi-annually march september 15 $ 44 million per year.\n notes redeemed maturity redemption price.\n unamortized discount debt issuance costs amortized remaining term 2017 notes.\n.\n leases office spaces agreements 2035.\n future commitments.\n 134 133\n 2018 131\n 125\n 2020\nrent office equipment lease $ 136 million $ 132 million $ 137 million 2015 2014 2013.\n.\n december 31 2015 company had $ 179 million capital commitments sponsored investment funds.\n private equity real estate infrastructure opportunistic.\n excludes commitments third-party.\n $ 179 million $ 38 million contingent commitments expired.\n timing funding unknown callable.\n unfunded commitments not recorded consolidated statements.\n future commitments binding.\n intends additional capital commitments investment products.\n.\n portfolio manager derivative transactions maximum potential exposure $ 17 million.\n.\n business acquisitions.\n blackrock required payments performance targets.\n remaining contingent payments at december 31 2015 not significant statement financial included in other liabilities."
}
{
    "_id": "dd4be8fc8",
    "title": "",
    "text": "increased tax position temporary differences.\n 2014 change tax accounting method 2008 repair utility plant.\n changes unrecognized tax benefits.\n positions december 31 2014 2013 unrecognized tax benefit $ 9444 $ 7439 effective tax rate.\n table changes valuation allowance.\n balance january 1 2012 $ 21579\n increases positions\n decreases\n 31 $ 19520\n increases\n december 31 2013 $ 13555\n increases\n decreases -3176\n $ 10379\n discrete tax benefit $ 2979 entity re-organization market operations state net operating loss carryforwards valuation allowance.\n maintains noncontributory defined benefit pension plans.\n based years service.\n plans closed employees.\n hired 2006.\n 2001 accrued benefit frozen sum upon termination retirement.\nemployees 2001 non-union 2006 5. 25%. base pay contribution plan.\n multiemployer plan.\n pension minimum employee retirement income act 1974 normal cost.\n additional contributions restrictions pension protection act 2006.\n increased contributions financial requirements.\n assets invested funds equity bond funds fixed income securities guaranteed interest contracts real estate funds trusts.\n pension expense deferred subsidiaries recovery utility services.\n unfunded noncontributory pension plans additional retirement benefits."
}
{
    "_id": "dd4bca168",
    "title": "",
    "text": "october 21 2004 hartford declared dividend $ 0. 29 per share payable january 3 2005.\n declared $ 331 paid $ 325 dividends 2004 $ 300 291 2003 $ 262 $ 257 2002.\n increased $ 179 december 31 2004.\n adoption sop 03-1 $ 292 unrealized gains quarter 2004 reclassification offset losses cash-flow hedging instruments.\n funded status pension postretirement plans returns market interest rates.\n declines value interest rates status.\n minimum pension liability december 31 2004 2003 after-tax reduction stockholders equity $ 480 $ 375.\n results operations.\n notes 15 16 consolidated financial statements.\n cash flow 2004 2003 2002.\n operating activities $ 2634\n investing activities\ncash financing activities $ 477 $ 4608 $ 4037\n 2014 end year $ 1148 $ 462 $ 377\n premium cash flows claim payments.\n decrease $ 1. 15 billion settlement macarthur litigation.\n financing decreased lower proceeds investment contracts sop 03-1 capital raising repayment commercial paper retirement debentures 2004.\n decrease financing investing.\n 2003 2014 increase premium cash flows.\n financing increased capital raising 2003 asbestos reserve decreased repayments long-term debt lower proceeds investment contracts.\n increase financing investing.\n operating cash flows liquidity requirements.\n equity markets markets risk management.\n ratings competitive position insurance financial services.\n no assurance.\n.\n august 4 2004 2019s hartford life.2019s debt insurance financial strength property-casualty life insurance subsidiaries.\n changed outlook negative stable.\n suit attorney marsh mclennan.\n 2004 ratings agencies.\n october 22 revised outlook.\n property/casualty lines sector negative.\n november 23 financial strength credit ratings property-casualty insurance subsidiaries.\n life insurance corporate debt unaffected."
}
{
    "_id": "dd4c4d720",
    "title": "",
    "text": "sysco defined benefit retirement plans.\n contributes multi-employer plans provides health care benefits retirees dependents.\n maintains retirement plan benefits retirement years service compensation.\n defined contribution 401 k plan contributions 50% first 6% compensation.\n contributions $ 28109000 2005 $ 27390000 2004 $ 24102000 2003.\n participants management incentive plan receive benefits supplemental executive retirement plan.\n nonqualified unfunded.\n maintains life insurance policies $ 138931000 2005 $ 87104000 2004.\n not.\n sysco sole owner beneficiary.\n projected benefit obligations $ 375491000 $ 264010000 contributions pension plans $ 220361000 $ 165512000 2005 2004 $ 214000000 $ 160000000 voluntary contributions plan 2005 2004.\n2005 $ 134000000 pension plan.\n contributions due decreased discount rate increased pension obligation impacted pension status.\n 2006 contributions retirement minimum voluntary contributions $ 66000000.\n contributions current year benefit payments.\n estimated 2006 contributions $ 7659000 $ 338000.\n future payments postretirement pension benefits.\n 2006 27316000 338000\n 2007 29356000\n 2008 33825000\n 2009 39738000\n 2010 46957000\n years 355550000 4234000"
}
{
    "_id": "dd4bc9830",
    "title": "",
    "text": "pension plan investments master trust northern trust company.\n investments valued at fair value underlying.\n investments securities public exchanges valued at closing market prices no sale valued recent bid price.\n short-term investments cost fair value.\n investments registered investment companies common trust funds stocks bonds commodity futures valued market prices.\n majority assets equity securities higher returns.\n entail risks.\n balanced high quality debt securities.\n average quality rating exceeded aa.\n diversified invested in.\n treasury mortgage corporate securities intermediate average maturity.\n 5 years.\n investment in securities union pacific prohibited.\n plan contribution plan non-union employees matching contributions.\n 50 cents dollar contributed six percent compensation.\nthrift plan contributions 14 2008 2007 13 2006.\n railroad retirement system employees covered.\n contributions expensed $ 620 million 2008 616 2007 615 million 2006.\n collective bargaining agreements postretirement healthcare life insurance employees.\n premiums expensed $ 49 million 2008 $ 40 million 2007.\n 2008 2007 2006.\n rental income $ 87 $ 68\n net gain non-operating asset dispositions\n interest income\n sale receivables fees\n non-operating environmental costs\n $ 92"
}
{
    "_id": "dd4bac50a",
    "title": "",
    "text": "table contents.\n acquisitions dispositions plant closures.\n.\n december 1 2016 company acquired 100% stock forli.\n.\n leading thermoplastic compounder.\n acquisition increases global engineered materials platforms extends operational model expands project pipelines.\n business combination operations advanced engineered materials segment.\n financial information information.\n allocated purchase price assets liabilities estimated fair values.\n excess price recorded goodwill.\n calculated fair value assets income market cost approach.\n values determined inputs future cash flows discount rates royalty rates growth rates sales projections retention rates terminal values.\n purchase price allocation preliminary information subject to change information.\n final fair value adjustments.\n adjustments results.\n preliminary purchase price allocation softer acquisition december 1 2016 millions.\n\n cash equivalents 11\n receivables third 53\n inventories 58\n property equipment 68\n intangible assets 79\n goodwill 106\n other assets 33\n acquired 408\n trade payables third party -41\n debt -103\n deferred income taxes -30\n other liabilities -45\n liabilities assumed -219 (\n net assets acquired 189\n goodwill revenue operating synergies acquisition.\n deductible income tax.\n $ 23 million indemnity receivable tax.\n costs $ 3 million.\n net earnings loss 2% net earnings acquisition 2016.\n."
}
{
    "_id": "dd4bfec92",
    "title": "",
    "text": "loan commitments unfunded asset purchase agreements standby letters credit financing state street clients credit enhancements special purpose entities.\n loan commitments future.\n asset purchase agreements receivables securities december 31 2001 $ 8. 0 billion special purpose entities.\n standby letters credit payments.\n letters $ million december 31 2001.\n commitments subject credit policies reviews.\n collateral risk.\n 89% loan commitments asset purchase agreements expire year.\n amounts represent future cash requirements.\n summary contractual credit-related-balance financial instruments december 31.\n indemnified securities loan 113047 101438\n loan commitments\n asset purchase agreements\n standby letters credit\n"
}
{
    "_id": "dd4c2578e",
    "title": "",
    "text": "value interest agreements 2007 2006 $ 3 million $ 1 million.\n company exposed credit loss nonperformance.\n minimizes credit risk institutions nonperformance.\n contracts distributed among financial institutions investment grade credit ratings credit risk.\n stockholders 2019 equity derivative instruments activity tax 31 2007 2006.\n 2006 2005\n balance at january 1 $ 16  $ 2 $ -272\n fair value -6\n reclassifications earnings -61\n balance december 31 $ $ 16 $ 2\n net investment foreign operations 2006 hedges foreign currency.\n 2006 entered zero-cost collar derivative against price fluctuations. 6 million shares sprint.\n second quarter 2006 received 1. 9 million shares embarq corporation.\n prices adjusted.\nsprint nextel derivative not hedge.\n. recorded net gain $ 99 million year december 31 2006 statements.\n 2006 sprint nextel derivative terminated settled cash 37. 6 million shares converted common shares sold.\n received cash proceeds $ 820 million settlement sale. million.\n recognized loss $ 126 million sale remaining shares.\n recorded net gain $ 99 million.\n nextel communications.\n variable share forward purchase agreements hedge common stock.\n hedge shares.\n recorded $ 51 million gains year december 31 2005 change value variable forwards.\n settled fourth quarter 2005.\n cash equivalents sigma fund investments short-term investments long-term receivables accrued liabilities derivatives financing commitments.\n recorded consolidated balance sheets.\nfinancial instruments long-term debt carried cost not 2019."
}
{
    "_id": "dd4c032c4",
    "title": "",
    "text": "adoption sfas.\n 123 company recorded compensation expense restricted stock awards vesting.\n employee forfeited award reversed expensed amounts forfeiture.\n.\n compensation expense estimated awards.\n forfeitures recorded.\n 2005 recorded pre-tax credit $ 2. 8 million accounting change compensation expense reduced.\n restricted stock awards outstanding 1 2005 anticipated forfeited.\n summary non-vested restricted stock activity.\n non-vested december 31 2006 $.\n issued.\n.\n canceled.\n december 31 2007.\n $ 15. million unrecognized compensation cost non-vested awards.\n recognized. 6 years.\n total fair value restricted shares stock units vested $ 11. million $ 7. 5 million $ 4.million years 2007 2006 2005.\n shareholders approved 2002 reserved 5000000 shares common stock sale 85% fair market value one-year six-month periods.\n.\n 2002 purchase plan compensatory.\n august 2005 changed discount 5% discontinued look-back provision.\n not compensatory august 1 2005.\n year december 31 2005 recorded $ 0. 4 million compensation expense.\n december 31 2007 757123 shares available 2002 plan.\n salary deferral program employees service requirements.\n matches contributions additional contributions discretion.\n total contribution expense $ 5. 7 million. 2 million years 2007 2006 2005."
}
{
    "_id": "dd4b8e64a",
    "title": "",
    "text": ".\n december 2005 3m build lcd optical film manufacturing facility poland lcd-tv market.\n expects 2006 capital expenditures $ 1. 1 billion compared $ 943 million 2005.\n third quarter 3m acquisition cuno.\n acquired $ 1. 36 billion debt.\n. $ 1. 27 billion cash $ 80 million debt repaid.\n two additional business combinations purchase price $ 27 million.\n consolidated financial statements.\n purchases 19 percent i&t innovation technology.\n purchase price $ 55 million 201cinvestments 201d.\n auction rate securities available-for-sale.\n.\n not reclassified.\n proceeds 2003 $ 26 million sale 3m 2019s 50% ownership durel corporation rogers.\n additional purchases $ 5 million 2005 $ 10 million 2004 $ 16 million 2003.\n purchases include insurance equity investments.\n considering acquisitions investments alliances.\n financing 31.\n 2005 2004 2003\n short-term debt 2014 $ -258 -215\n repayment -656 -868 -719\n proceeds\n change debt $ -485 -111 -440\n purchases treasury stock -2377 -685\n reissuances stock\n dividends\n distributions minority interests 2014 -76\n cash financing -3679\n debt december 31 2005 $ 2. 381 billion $ 2. 821 billion 2004 decrease retirement $ 400 million medium-term notes.\n no new long term debt issuances 2005.\n cash decrease short-term debt $ 258 million 90 days.\n repayment $ 656 million retirement $ 400 million.\n $ 429 million commercial paper issuances.\n 19% capital 21% 21 % 2004.\n shelf registration medium-term notes program remarketable securities convertible note 8 financial statements.\n-term program $ 1. 5 billion.\n issued $ 62 million.\n debt 2005.\n capacity $ 1. 438 billion.\n $ 350 million remarketable securities remarketed 2005.\n convertible notes value $ million december 31 2005.\n next put option november 2007-end 2005"
}
{
    "_id": "dd4b97826",
    "title": "",
    "text": "begin late-2018 information technology infrastructure.\n entergy louisiana proposed recover cost customer charge phased 2019 through 2022.\n reached stipulation system modifications.\n july 2017 lpsc approved stipulation.\n recover undepreciated balance meters regulatory asset current depreciation rates.\n funds cash debt membership interest issuances bank financing.\n refinance redeem retire debt prior maturity.\n debt interest issuances require regulatory approval.\n subject issuance tests.\n capacity capital needs.\n receivables money pool december 31.\n 2016 2015 2014\n 11173 22503 6154 2815\n note 4.\n credit facility $ 350 million expire august 2022.\n issue letters credit against $ 15 million borrowing capacity.\n december 31 2017 no cash borrowings $.1 million credit.\n entergy louisiana party uncommitted credit obligations. 31 2017 $ 29. 7 million entergy louisiana.\n note 4 financial statements.\n entergy louisiana nuclear fuel company two facilities $ 105 million $ 85 million expire may 2019.\n 2017 $ 65. 7 million loans entergy louisiana river bend.\n $ 43. 5 million letters credit commercial paper $ 36. 4 million loans waterford nuclear.\n note 4 financial statements.\n"
}
{
    "_id": "dd4bdcb24",
    "title": "",
    "text": "refining wholesale marketing gross margin difference prices refined products costs crude oil purchased products manufacturing expenses depreciation.\n crack spread market prices refined products crude oil refining margin.\n fluctuate.\n calculate midwest chicago.\n gulf coast crack spreads.\n light louisiana sweet prices 6-3-2-1 ratio 3 2 distillate.\n refineries process sour crude oil discount sweet crude oil.\n/sour differential refining wholesale marketing margin.\n larger sweet/sour differential refining wholesale marketing gross margin.\n 2009 sweet/sour differential narrowed lower hydrocarbon demand.\n sour crude 50 percent 52 percent 54 percent crude oil processed 2009 2008 2007.\n table crack spreads midwest chicago gulf coast markets sweet/sour differential three years.\n.\n\n chicago 6-3-2-1 $ 3. 52 $ 3. 27 $ 8. 87\n. gulf coast 6-3-2-1 $ 2. 54 $ 2. 45 $ 6. 42\n sweet/sour differential $ 5. 82 $ 11. 99 11.\n. crude types. 15% arab light 20% kuwait 10% maya 15% western canadian 40% 40 % mars.\n changes refining wholesale marketing gross margin impacted crude oil selling prices refined products commodity derivative instruments cost products manufacturing costs.\n driven energy maintenance costs.\n catlettsburg garyville refineries.\n.\n.\n retail marketing gross margin gasoline distillates difference price cost refined products impacts rm&t profitability.\nfactors competition seasonal demand wholesale supply economic activity weather impact gasoline distillate demand.\n refined demand increased until 2008 decreased petroleum prices economic ethanol.\n.\n gasoline one percent distillate decline 12 percent from 2008.\n reduce product margin.\n gasoline distillate demand decreased three percent 2008 2007.\n gross margin less volatile."
}
{
    "_id": "dd4bd3a92",
    "title": "",
    "text": "december 19 2011 redeemed $ 175 million 6. 5%. notes due april 15 2012 $ 300 million 6. 125%. notes due january 15 2012.\n redemptions early extinguishment charge $ 5 million fourth quarter 2011.\n receivables securitization facility 2013 december 31 2012 recorded $ 0 $ 100 million secured debt.\n.\n.\n variable interest entities lease transactions.\n created lease transactions equipment facilities headquarters building no other activities assets liabilities lease transactions.\n right purchase assets fixed prices.\n options benefits not significant.\n maintain operate assets contractual obligations.\n no control fair value leased assets.\n power direct activities control economic performance.\n obligation absorb losses right receive benefits not primary beneficiary consolidate vies performance fixed-price purchase options not significant.\nfuture minimum lease payments totaled $ 3. billion december 31 2013.\n.\n leases locomotives freight cars.\n consolidated statements 2012 included $ 2486 million $ 1092 million depreciation $ 2467 million $ 966 million depreciation.\n charge income depreciation depreciation expense.\n future minimum lease payments capital leases non terms 2013.\n minimum leasepayments $ 4066 $ 2200\n interest\n 94% capital lease payments locomotives.\n rent expense operating leases one month $ 618 million 2013 $ 631 million 2012 $ 637 million 2011.\n variable rental expense lease term.\n rentals sub-rentals significant."
}
{
    "_id": "dd4976286",
    "title": "",
    "text": "part iii item 10.\n directors executive officers corporate governance part i 201celection directors governance 16 beneficial ownership reporting compliance proxy statement 2016 annual meeting.\n filed 120 days year.\n executive officers part i item 1.\n.\n item 11.\n executive compensation 201ccompensation discussion analysis committee report proxy statement 2016 annual meeting.\n item 12.\n security ownership beneficial owners management stockholder matters ownership proxy statement 2016 annual meeting.\n table december 31  2015 equity plans plan category number securities issued outstanding options warrants rights weighted-average exercise price number securities future issuance equity compensation plans excluding plans 1442912. 4446967 item 13.\nrelationships transactions director independence 13 see transactions governance proxy statement 2016 annual meeting.\n 14.\n accounting fees services 201caudit non-audit fees 201caudit committee pre-approval procedures proxy statement 2016 annual meeting.\n plan category issued options warrants rights weighted-averageexercise price issuance compensationplans\n equity compensation plans security holders 1442912 $.\n part iii item 10.\n directors executive officers corporate governance 201celection directors 201cnominees election board governance 16 beneficial ownership reporting compliance proxy statement 2016 annual meeting.\n filed 120 days close year.\n executive officers part i item 1.\n.\n item 11.\ncompensation 11 201ccompensation discussion analysis committee report compensation proxy statement 2016 annual meeting.\n item 12.\n security ownership beneficial owners management stockholder matters proxy statement 2016 annual meeting.\n table december 31 2015 equity plans plan category securities issued options warrants rights weighted-average exercise price securities future issuance plans excluding 1442912 $ 86. 98 4446967 item 13.\n relationships transactions director independence transactions governance proxy statement 2016 annual meeting.\n item 14.\n accounting fees services 201caudit non-audit fees committee pre-approval procedures proxy statement 2016 annual meeting."
}
{
    "_id": "dd4bf8c16",
    "title": "",
    "text": ".\n expenses services increased 10% 2012 logistics management fees locomotive overhauls repairs.\n contract services increased $ 103 million increased demand transportation services logistics costs repair maintenance locomotives freight cars.\n road property rail ties ballast track material.\n depreciation up 1% 2012.\n longer service lives capital spending.\n expense.\n rental intermodal locomotive leases office rent.\n container costs logistics management increased automotive shipments $ 51 million increase freight car rental expense 2012.\n lower locomotive lease expenses expense.\n increased automotive intermodal shipments improved-cycle times rental expense.\n lower locomotive lease expense rental.\n2013 expenses include taxes freight equipment damage utilities insurance personal injury environmental employee travel telephone software debt general.\n higher property taxes damaged freight property increased costs.\n safety lower liability personal injury reduced expense year-over-year costs.\n higher 2011 due to property taxes.\n personal injury expense increased 2012 liability reduction less 2011.\n non-operating items millions 2013 2012 2011 %.\n income $ 128 $ 108 $ 112 19 % 4 %\n interest expense\n income taxes 12 % 20 %\n increased higher gains real estate sales lease income $ 17 million settlement land lease contract.\n offset by interest tax refund.\n income decreased lower gains real estate higher environmental costs non-operating offset interest tax refund.\ndecreased lower interest rate 5. 7%. 6 0%. 2012\n increase-average debt $ 9. 6 billion 2013 9. 1 billion 2012 lower interest rate.\n lower interest rate 6. 0%. 2%. 2011 debt level."
}
{
    "_id": "dd4c08e0e",
    "title": "",
    "text": "cumulative return lkq corporation nasdaq stock market. peer group.\n 12/31/2007 12/31/2008/31/2009/31/2010/31/2011/31/2012\n lkq corporation $ 100 $ 55 143 201\n nasdaq market. index $ 100 $ 59 86 98\n peer group $ 100  $ 83 139 $ 187 $ 210\n stock performance information material rule 14a section 18 securities exchange act 1934 incorporated securities act 1933 1934.\n common stock equity compensation plans december 31 2012 item 12 annual report form 10-k incorporated."
}
{
    "_id": "dd4c3f79c",
    "title": "",
    "text": "ansys.\n long-term incentive plan granted 100000 92500 80500 performance-based restricted stock units.\n based on performance shareholder return nasdaq composite index period employment.\n three-year period january 1.\n each stock unit relates one share company common stock.\n value 2012 2011 2010 estimated $ 33. 16 $ 32. 05 $ 25. 00 .\n monte carlo simulation model.\n fair grant date variables.\n share-based compensation expense recorded from grant date through.\n december 31 2012 employees earned 76500 restricted stock units issued first quarter 2013.\n compensation expense awards 2010 $ 2. 6 million $ 1. 6 million $ 590000.\n 2014 $ 2. million $ 1. 2 million .\n monte carlo pricing model\n\n risk-free interest rate. 16%. 16 %. 35%. 35 %\n dividend yield 0%\n 2014ansys stock price 28% 28 % 40% 40 %\n 2014nasdaq composite index 20% 20 % 25% 25 %\n. 80. 90\n correlation factor. 75. 70\n granted performance restricted stock units management employees maximum value $ 13. million annually three 1 2012.\n.\n.\n repurchase program increase stock repurchase program.\n repurchased. 5 million shares 2012 average per share $ 63. cost $ 95. million.\n 2011 repurchased 247443 shares $ 51. cost $ 12. million.\n. 5 million shares repurchase.\n.\n adopted 1996 stockholders.\n amendment 2004. 6 million shares.\n 2007.\npurchase plan administered by compensation committee.\n offerings commence february 1 august 1 six months.\n employee shares 5% voting power participate.\n employee purchase shares payroll deductions to 10% cash compensation.\n maximum to 3840 shares adjusted by committee.\n accumulated payroll deductions used to purchase common stock last day equal to 90% fair market value first.\n purchase no more than $ 25000 common stock year.\n december 31  2012 1233385 shares issued 1184082 issued december 31  2011.\n total compensation expense $ 710000 $ 650000 $ 500000.\n"
}
{
    "_id": "dd4bea8fa",
    "title": "",
    "text": "entergy corporation utility system energy new orleans provides electric gas service orleans city ordinances except service entergy louisiana.\n ordinances option orleans purchase electric gas utility properties.\n entergy texas certificate convenience necessity electric service 27 counties eastern texas franchises 68 municipalities.\n 50-year franchises 25-year franchises.\n franchises expire 2013-2058.\n wholesale power sales.\n no distribution franchises.\n capability stations december 31 2011.\n total gas/oil nuclear\n entergy arkansas 4774 1668 1823 1209\n gulf states louisiana 3317 1980 974 363\n louisiana 5424 4265 1159\n mississippi 3229 2809\nentergy new orleans 764 764\n texas 2538 2269 269\n system energy 1071\n total 21117 13755 5027 2261 74\n 201cowned leased capability dependable load carrying capability operating conditions primary fuel.\n entergy system load capacity projections reviewed additional generating capacity interconnections.\n demand availability location economy.\n summer peak load averaged 21246 mw 2002-2011.\n long-term capacity resources 3000 mw less total peak.\n met capacity shortages short-term power purchases wholesale spot market.\n fall 2002 new resources requests proposals resources.\n long-term resource strategy capacity long-term resources owned contracted.\n \"portfolio transformation strategy.\n nine years 4500 mw new long-term resources.\n transactions summer 2009.\nsummer 2009 transactions deactivations 500 mw short 2012 peak load reserve margin.\n remaining need nuclear uprate gulf limited-term resources.\n spot power"
}
{
    "_id": "dd4c537a6",
    "title": "",
    "text": "consolidated financial statements tax adopted fin 48 2007.\n statements.\n reconciliation unrecognized tax benefits.\n balance january 1 2007 $ 53\n additions additions reductions\n settlements\n balance december 31 2007 $ 70\n $ 57 million unrecognized tax benefits tax rate.\n positions twelve months.\n recognizes interest penalties unrecognized benefits.\n penalties less $ 1 million 2007.\n december 31 liability penalties interest $ 1 million $ 7 million.\n income tax returns.\n federal state international jurisdictions.\n concluded.\n federal income tax matters 2004.\n service examination.\n tax returns 2005 2006.\n.\n tax examinations concluded 2002.\n concluded examinations jurisdictions.\n"
}
{
    "_id": "dd4c1753a",
    "title": "",
    "text": "compensation cost table expense programs 2018 2017 2016 awards retirement-eligible employees $ 669 659 555 deferred cash awards performance units 202 354 336 expense awards 435 474 509.\n millions 2018 2017 2016\n retirement $ 669 659 555\n amortization deferred cash awards 354 336\n deferred stock awards 474 509\n incentive compensation 640  694 710\n $ 2021 $ 2251 $ 2183\n stock awards.\n accrued compensation.\n amortization unvested awards non-retirement-eligible employees."
}
{
    "_id": "dd4c5007e",
    "title": "",
    "text": "production early 2012.\n output first line contracted sale long-term agreement.\n march 2011 joint venture thai beverage beverage container manufacturing facility vietnam production first quarter 2012.\n acquisitions.\n october 2011 acquired interests qmcp gain $ 9. 2 million.\n constructing new beverage container facility first quarter 2012.\n 2010 north american manufacturer.\n january 2011 acquired european supplier aluminum aerosol containers bottles.\n note 3 financial statements.\n sales long-term contracts aerospace technologies segment cost-to-cost.\n 2011 contract mix 60 percent cost-type contracts 33 percent fixed-price contracts.\n time material contracts.\n contracted backlog december 31 $ 897 million 50 percent fixed price contracts.\n aerospace technologies contract revenue cost progress completion.\ncontract payment schedules limitations funding sales accounts include earned not billed.\n return on average invested capital economic value added before diluted earnings per share cash flow free cash flow.\n measures adjusted consolidation costs acquisitions dispositions.\n nonfinancial measures production efficiency spoilage rates quality control environmental health safety statistics production sales volumes utilization sustainability.\n measures performance contract revenue fees proposal win rates backlog.\n operations consolidated sales earnings.\n 2010 2009\n net sales $ 8630. $ 7630. $ 6710.\n net earnings ball corporation 444.\n increase net sales 2011 driven demand metal packaging improved beverage container volumes consolidation latapack-ball acquisition joint ventures extruded aluminum businesses improved aerospace program performance.\n business segment net earnings corporation discontinued operations plastics consolidation debt refinancing equity earnings gains acquisitions.\n measures.\n higher sales due acquisitions.\n higher net earnings $ 105. 9 million equity gains."
}
{
    "_id": "dd4c5aae2",
    "title": "",
    "text": "american airlines.\n financial statements 2014 funding relief pension plans losses market slide 2008.\n 2010 contribution defined benefit pension plans reduced $ 525 million to $ 460 million.\n payments retiree medical pension.\n 2011\n 2012 602\n 2013\n 2014 729\n 2015 785\n 2020 4959 989\n 2008 settlement charge $ 103 million distributions defined benefit pension plans pilots retired.\n.\n settlement accounting cost settlements exceeds service interest cost net pension expense.\n unrecognized gains losses recognized reduction benefit obligation.\n.\n intangible assets $ 708 million $ 736 million december 31 2010 2009.\n indefinite life assets tested for impairment annually.\n changes network capacity open skies agreements.\nfourth quarter 2010 company impairment testing international slots routes net carrying value reassessed recoverability.\n fair value routes latin america less carrying value.\n incurred impairment charge $ 28 million values.\n minimal market activity valuation measures fair value income approach.\n discounted.\n inputs unobservable reflect assumptions market level 3 fair value hierarchy.\n inputs developed information december 31"
}
{
    "_id": "dd4c4827a",
    "title": "",
    "text": "management jpmorgan chase co. annual report derivative contracts firm uses market-making activities.\n interest rates currencies markets.\n credit market risk.\n settlement mechanism affect credit risk.\n credit risk.\n exchange- traded derivatives futures options credit risk.\n credit risk legally enforceable netting arrangements collateral agreements.\n contracts note 5.\n table summarizes net derivative receivables.\n.\n millions 2017 2016\n interest rate $ 24673 $ 28302\n credit derivatives\n foreign exchange\n equity\n commodity 6948\n cash collateral 56523 64078\n liquid securities derivative receivables\n collateral $ 40415 $ 41373\n collateral derivative instruments legal opinion not sought obtained.\nreceivables balance sheets were $ 56. 5 billion $ 64. 1 billion at december 31 2017 2016.\n decreased market-making activities reduced foreign exchange interest rate increased equity.\n receivables represent fair value contracts master netting agreements cash collateral firm.\n credit risk additional liquid securities.\n government agency securities government bonds cash collateral $ 16. 1 billion $ 22. 7 billion at december 31 2017 2016 when fair value firm.\n firm holds additional collateral cash government securities government securities corporate debt equity securities delivered clients non-daily call frequency settled.\n reduce balances available as security against potential exposure fair value.\n fair value include credit enhancements.\n see note 5.\nnet fair value derivative receivables capture future variability.\n firm calculates three measures derivatives credit loss peak derivative risk equivalent average exposure.\n incorporate netting collateral benefits.\n peak conservative exposure counterparty equivalent 97. 5%. confidence level.\n credit limits reporting exposure management.\n dre exposure risk derivative.\n less extreme derivative.\n avg expected fair value derivative receivables future collateral.\n primary metric pricing credit risk capital cva.\n three year avg exposure $ 29. billion $ 31. 1 billion at december 2017 2016 compared receivables net collateral $ 40. 4 billion $ 41. 4 billion 2016.\n fair value derivative receivables incorporates cva credit quality.\n avg counterparty credit spread.\n active risk management essential credit risk.\nfirm 2019s risk management"
}
{
    "_id": "dd4bb4a7a",
    "title": "",
    "text": "management financial condition results deposits provide products custody accounting administration pricing foreign exchange cash management financial asset management securities finance investment advisory.\n generate client deposits stable low-cost source funds.\n global custodian clients place deposits currencies.\n invest deposits investment securities short duration financial instruments.\n higher deposit inflows quarter year.\n deposit balances reflective funding period-end.\n table 33 client deposits average balance.\n balance 2014 wholesale certificates deposit $ 13. 76 billion balances 2013 $ 6. 87 billion $ 2. 50 billion.\n short-term funding commercial paper program $ 3. billion $ 2. 48 billion $ 1. 82 billion outstanding december 31 2014 2013.\n on-balance sheet liquid assets liquidity management strategy.\nassets provide liquidity raise funds pledging securities borrowings sales.\n access to global capital markets funding from wholesale investors.\n state street bank membership allows liquidity against collateral.\n short-term secured funding securities lent sold.\n transactions short-term overnight collateralized by securities.\n balances $ 8. 93 billion $ 7. 95 billion as december 31 2014 2013.\n maintains line of credit with $ 800 million securities processing operations.\n cancelable.\n no balance outstanding.\n issue unsecured senior debt securities exceed $ 5 billion.\n $ 4. 1 billion available for issuance.\n issue additional $ 500 million subordinated debt.\n universal shelf registration public offering sale of debt capital common stock depositary shares preferred stock warrants.\nissued past may issue future securities.\n future market conditions funding needs.\n credit liquidity high investment-grade ratings credit agencies.\n ratings diverse earnings market position risk management capital ratios diverse liquidity sources liquidity monitoring procedures preparedness regulatory developments.\n high ratings limit borrowing costs enhance liquidity unsecured funding depositors potential market debt offer products markets transactions.\n reduction liquidity capital"
}
{
    "_id": "dd4c598ea",
    "title": "",
    "text": "2014 included acquisition payment $ 86 million former shareholders.\n fund cash requirements 2017 debt repayments new investments share repurchases dividend payments acquisitions pension contributions short-term long-term borrowings.\n operating cash flow strong.\n december 31 2016 $ 327 million cash equivalents $ 184 million outside.\n 2015 $ 26 million deferred tax liabilities pre-acquisition foreign earnings.\n.\n remaining earnings repatriated 2016 deferred tax liabilities zero december 31.\n remaining reinvested foreign jurisdictions no intention repatriate.\n global business available international operations.\n subject income offset tax credits.\n.\n $ 2. billion multi-year credit facility expires december 2019.\n banks.\n no borrowings december 2016 2015.\n supports $ 2. billion.\n$ 2. billion european program.\n increased $ 200 million third quarter 2016.\n combined borrowing exceed $ 2. billion.\n december 31 2016 no outstanding.\n commercial paper programs.\n uncommitted credit lines $ 746 million banks global funding letters credit performance bonds guarantees.\n $ 554 million available year-end 2016.\n short-term borrowing program rated a-2 p-2 moody 2019s.\n long-term credit a- baa1.\n reduction credit ratings limit commercial paper affect increase cost.\n seek additional funding term notes bonds.\n draw $ 2. billion credit facility termination.\n compliance debt covenants credit agreements indentures.\n obligations long-term debt agreements operating leases noncancelable interest obligations.\n less 1 2-3 years 4-5 years 5\n\n notes payable $ 30\n commercial paper\n long-term debt 6652 510 967 1567 3608\n capital lease obligations\n operating leases 431 102 153 105\n interest 2261 218 396 360 1287\n $ 9379 $ 861 1517 2033 4968\n interest variable rate debt 2016.\n liability tax positions $ 76 million.\n estimate cash settlement.\n excluded contractual obligations."
}
{
    "_id": "dd4c1cbb6",
    "title": "",
    "text": "systems incorporated notes financial statements review goodwill impairment annually.\n completed annual impairment test second quarter 2014.\n no impairment goodwill.\n significant risk impairment.\n amortize intangible assets finite over estimated useful lives review impairment.\n monitor events long-lived assets.\n assess recoverability future cash flows.\n less than carrying recognize impairment loss excess carrying amount over fair value.\n intangible asset impairment charges 2014 2013 2012.\n intangible assets amortized over estimated useful lives 1 to 14 years.\n amortization based economic benefits-line.\n weighted average useful lives assets.\n purchased technology\n customer contracts relationships\n trademarks\n acquired rights technology\n localization\n intangibles\ndevelopment costs capitalization begins technological feasibility completion prototype no critical bugs release candidate.\n amortization begins software ready use economic benefits.\n costs between prototype availability material.\n internal use software capitalize costs customized systems development stage.\n include costs payroll expenses employees.\n capitalization begins preliminary project stage ceases complete ready.\n asset liability method accounting.\n expense recognized taxes payable refundable current year.\n deferred tax assets liabilities recognized future tax consequences differences financial reporting tax operating losses tax credit carryforwards.\n record valuation allowance reduce deferred tax assets.\n taxes statements.\n not reported as revenue."
}
{
    "_id": "dd4c0ad08",
    "title": "",
    "text": "consolidated financial statements 2014 reconciliation unrecognized tax benefits.\n balance september 29 2007 $ 7315\n increases prior years 351\n increases current 813\n decreases statutes limitations -605\n balance october 3 2008 $ 7874\n major tax jurisdictions october 3 2008. california iowa.\n. tax years 1998.\n 2002.\n 2002.\n october 3 2008 statute limitations expired unrecognized tax benefit.\n $ 0. 6 million unrecognized tax benefit tax rate $. 5 million accrued interest reversed.\n-to-date accrued interest unrecognized tax benefits $ 0. 4 million.\n.\n authorized issue 525000000 shares common stock $. 25 per share 25000000 shares preferred stock.\n holders entitled dividends.\ndividends paid common stock unless dividends preferred stock paid declared set aside.\n company 2019s liquidation dissolution holders common stock entitled share pro rata assets after payment plus unpaid dividends preferred stock.\n each holder one vote each share.\n no cumulate votes.\n certificate incorporation no holder preemptive right to purchase stock.\n march 2007 repurchased 4. 3 million common shares for $ 30. 1 million authorized board.\n no stock repurchase plans.\n october 3 2008 170322804 shares common stock issued 165591830 shares outstanding.\n preferred stock certificate permits issue 25000000 shares preferred stock rights preferences board directors without action.\n skyworks solutions .\n 2008 annual report"
}
{
    "_id": "dd4ba3d92",
    "title": "",
    "text": "statistical.\n expense repairs maintenance $ 2. 5 billion 2015. 4 billion 2014 2. 3 billion 2013.\n capital leases recorded lower net value minimum lease payments leased.\n amortization expense computed straight-line shorter estimated lives.\n.\n accounts payable current liabilities.\n.\n.\n.\n accounts payable $ 743 877\n income taxes\n wages\n interest\n casualty costs\n rents\n dividends\n accounts payable current liabilities 2612 $ 3303\n dividend declaration payable dates quarter.\n dividends fourth quarter 2014 dividend $ 438 million first quarter 484 million second quarter 479 million third quarter $ 476 million fourth quarter $ 467 million december 30.\n.\ninstruments strategy risk use derivative instruments trading exposure interest rates fuel prices.\n not party to leveraged derivatives speculative.\n instruments hedge accounting maintain effectiveness.\n document relationships risk- management objectives strategies assessing effectiveness.\n changes market value charged to earnings.\n use swaps collars futures forward contracts mitigate risk adverse interest rates fuel prices limit benefits favorable interest rate fuel price movements.\n market credit risk address risk selecting value fluctuations hedged item.\n manage credit risk high credit standards counterparties settlements.\n not required collateral received hedging activities.\n interest rate manage exposure fluctuations adjusting fixed floating rate debt instruments portfolio.\n manage mix debt targeted amounts.\n employ derivatives swaps mix.\nflexibility managing interest costs rate mix debt portfolio evaluating managing fixed-rate debt securities.\n swaps convert debt variable hedge risk.\n account swaps value hedges ineffectiveness"
}
{
    "_id": "dd4ba543a",
    "title": "",
    "text": "$. billion 2013.\n profits 2015 higher.\n closure 3% 3 % lower 2014 4% 4 % higher 2013.\n lower input costs 18 courtland foreign exchange lower sales price 52 million sales volumes $ 16 million higher operating costs $ 18 million maintenance downtime $ 26 million.\n profits $ 554 million closure courtland.\n accelerated depreciation courtland assets evaluated assets.\n net book value december 31 $ 470 million.\n no alternative uses.\n $ 464 million accelerated depreciation.\n profits $ 32 million foreign tax amnesty program gain $ 20 million legal contingency 2013 $ 118 million closure courtland mill $ 123 million impairment charge goodwill trade name intangible asset.\n.\n profit\n printing papers net sales $ 1. billion 2015.billion 2014 2. 6 billion 2013.\n profits 2015 $ 179 million loss $ 398 million gain $ 156 million shutdown 2014 $ 36 million 154 2013.\n sales volumes 2015 decreased closure courtland mill.\n domestic increased export declined.\n sales price decreased.\n input costs lower.\n maintenance downtime costs $ 12 million higher 2015.\n profits impacted shutdown courtland mill.\n 2016 sales volumes slightly.\n sales margins flat favorable product mix.\n input costs stable.\n maintenance downtime costs $ 14 million lower outage 2016 georgetown mill eastover riverdale mills.\n united steelworkers finch paper.\n.\n anti-dumping petition producers china uncoated paper trade rules.\n countervailing-duties petition.\njanuary 2016 doc announced countervailing duty rates china indonesia.\n australia brazil indonesia portugal.\n february 2016 itc concluded dumping investigations.\n market injured imports.\n five years.\n financial statements.\n brazilian papers net sales 2015 $ 878 million $. 2014. 2013.\n operating profits $ 186 million $ 177 million 2013.\n sales volumes lower weak economic conditions one-time events.\n sales price improved freesheet paper price increases.\n margins affected sales lower-margin export markets.\n raw material costs increased.\n operating costs higher maintenance downtime costs $ 4 million lower."
}
{
    "_id": "dd4bc079e",
    "title": "",
    "text": ".\n retain 20% equity interest joint venture.\n december 31 acquired seven properties received net sale proceeds financing distributions $ 251. 6 million.\n january 2008 sold land to joint venture 50% equity interest received distribution $ 38. 3 million.\n november 2008 loan distributed loan proceeds $ 20. 4 million.\n property investment recurring leasing costs dividends distributions long-term debt maturities repurchases debt contractual obligations.\n development acquisition market outlook supply growth potential.\n liquidity.\n limiting new development expenditures.\n liquidity recurring leasing/capital expenditures real estate.\n summary recurring capital expenditures december 31 2008 2007 2006.\n recurring tenant improvements $ 36885 $ 45296 41895\nleasing costs 28205 32238 32983\n building improvements 9724 8402 8122\n $ 74814 85936 83000\n dividends distributions federal tax distribute 90% taxable income.\n non-cash cash flow greater operating income.\n paid dividends share $ 1. 93. 91 $. 89 2008 2007 2006.\n earnings.\n distributions board directors subject cash financial condition capital requirements. 2009 annual dividend $ 1. 94 to $ 1. 00 cash.\n $ 145. 2 million per year.\n 2008 six preferred shares.\n dividend rates 6. 5%. paid arrears quarterly."
}
{
    "_id": "dd49816a4",
    "title": "",
    "text": "market street commitments credit rating december 31.\n 2009\n aaa/aaa 14% ( 14 % ) 19% ( 19 % )\n 50 6\n 72\n bbb/baa 3\n 100%\n majority facilities not rated rating agencies.\n meet standards.\n evaluated design market street capital structure relationships variable interest holders.\n not primary beneficiary assets liabilities street not included consolidated balance sheet.\n considered changes variable interest holders risks.\n reviewed activities market street quarterly reconsideration event.\n equity investments limited partnerships affordable housing projects low credit.\n investments return capital facilitate sale affordable housing community reinvestment act.\n identification development operation multi-family housing leased residential tenants.\n funded debt equity.\n limited partner non-managing member.\nwe national syndicator of affordable housing equity 201clihtc investments.\n create funds subsidiaries sell interests to third parties purchase.\n purpose generate income servicing fees earn tax credits reduce tax liability.\n activities include selecting evaluating structuring negotiating closing fund investments operations.\n evaluate third party interests primary beneficiary.\n based on majority variability.\n primary sources variability tax credits tax benefits passive losses development cash flows.\n consolidated lihtc investments we absorb majority variability primary beneficiary.\n assets in equity investments liabilities noncontrolling.\n creditors equity investors recourse to general credit.\n consolidated assets liabilities in table business segment.\n investments not primary beneficiary significant variable interest based on.\ninvestments disclosed in non-consolidated 2013 variable interests table.\n reflects maximum exposure to loss.\n equal to equity commitments adjusted for impairment partnership results.\n equity cost methods balance.\n increase recognized investments liability for unfunded equity commitments.\n liabilities reflected in consolidated balance sheet.\n city bank.\n sponsored special purpose entity credit risk transfer agreement mitigate losses nonconforming mortgage loans.\n formed with small equity contribution bankruptcy-remote entity creditors no recourse.\n interest issued asset-backed securities.\n equity.\n primary beneficiary absorb losses through holding asset-backed securities.\n consolidated assets liabilities"
}
{
    "_id": "dd4bcee8e",
    "title": "",
    "text": "five-year performance comparison 2013 graph cumulative shareholder returns corporation peer group index dow jones s&p 500.\n investment common stock union pacific corporation index $ 100 december 31 2002 dividends reinvested.\n five-year cumulative return 2002 2003 2004 2005 2007 s&p 500 purchases equity securities repurchased 13266070 shares common stock average price $ 115. 66.\n first nine months 2007 repurchased 10639916 shares average price per share $ 112. 68.\n table common stock repurchases fourth quarter 2007 average.\n pershare\n oct. 1. 31 $ 128.\n.\n. 1986078.\n.\nshares purchased quarter 228354 shares delivered employees option prices tax obligations.\n january 30  2007 board authorized repurchase 20 million shares common stock december 31 2009.\n open market transactions.\n management discretion timing amount."
}
{
    "_id": "dd4bc12fc",
    "title": "",
    "text": "cash flows operations.\n fiscal year 2018 earnings redeemable noncontrollinginterests $ 2163. $ 1701. 1736.\n depreciation amortization 618. 603. 608.\n-taxearnings joint ventures -84. -85. -88\n earnings joint ventures 113. 75.\n stock-based compensation 77. 95 89.\n deferred income taxes -504. 183. 120.\n contributions -31. -45.\n. 35 118\n. -148.\n restructuring costs 126. 117. 107\n assets liabilities 542. -194 298.\n -182. -86.\n cash operating activities $ 2841. 2415. 2764.\n 2018 cash operations $ 2. 8 billion 2. 4 billion 2017.\n$ 426 million increase driven by $ 462 million net earnings $ 736 million assets liabilities offset $ 688 million deferred income taxes.\n $ 638 million revaluing.\n deferred tax liabilities new.\n corporate tax rate.\n $ 736 million due accounts payable $ 476 million $ 264 million income taxes trade incentive accruals.\n core working capital net sales.\n 2018 decreased 27 percent 1 percent.\n 2017 increased 9 percent 2016 decreased 41 percent.\n generated $ 2. 4 billion cash $. billion 2016.\n $ 349 million decrease driven $ 493 million assets liabilities.\n income taxes incentive.\n timing accounts payable.\n $ 14 million loss divestiture $ 148 million gain 2016 investing activities."
}
{
    "_id": "dd497774e",
    "title": "",
    "text": "value psu award amortized over performance period three years after death disability 58.\n pmi $ 34 million unrecognized compensation cost non-vested psu awards.\n cost recognized over two years death disability 58.\n 2017 2016 no psu awards.\n.\n unvested share awards non rights dividends participating securities included in pmi earnings per share calculation.\n basic diluted earnings per share calculated.\n net earnings pmi $ 6035 $ 6967 $ 6873\n earnings share-based awards\n earnings basic diluted $ 6021 $ 6948 $ 6849\n-average shares\n issuable performance stock units\n 2015 no antidilutive stock options."
}
{
    "_id": "dd4981082",
    "title": "",
    "text": "entergy corporation financial statements bonds mandatory tender purchase 100% principal october 1 2003.\n june 1 2002 entergy louisiana remarketed $ 55 million.\n bonds 2030 interest rate 4. 9%. 2005.\n bonds mandatory tender purchase principal june 1 2005.\n fair value excludes lease debt due year.\n determined bid prices investment banking.\n annual-term debt maturities cash fund requirements december 31 2002 five years.\n 2004\n 2006\n sinking fund requirements $ 30. million annually cash property additions 167%.\n 2002 damhead creek project sold buyer assumed obligations.\n 2000 entergy business purchased fitzpatrick indian point 3 power plants.\n issued notes seven annual installments $ 108 million eight installments $ 20 million.\nnotes stated interest rate implicit interest rate 4. 8%.\n indian point 2 entergy non-utility nuclear business liable nypa additional $ 10 million per year 10 years september 2003.\n liability recorded indian point 2 september 2001.\n entergy corporation. 75%. notes consolidated debt ratio 65% or less capitalization.\n debt acceleration facility maturity.\n january 2003 entergy paid outstanding debt iowa wind project.\n supply system energy capital maintain equity capital 35% % capitalization permit operation grand gulf 1 pay indebtedness borrowed enable payments debt."
}
{
    "_id": "dd4b894d8",
    "title": "",
    "text": ".\n 2019s common equity stockholder matters issuer purchases graph compares annual return common stock 2019s 500 stock index peer group five years 31 2016.\n investment common stock s&p 500 index group $ 100 december 31 2011 dividends reinvested.\n 2013 2014 2015 2016\n loews common stock. 108. 91 129. 64 113. 59 104. 128.\n s&p 500 index. 116. 153. 57 174. 177. 198.\n loews peer group. 113. 142. 85 150. 165.\n competitors chubb limited.\n energy transfer partners. ensco hartford financial services group. kinder morgan energy partners.\n. noble spectra energy transocean.\n travelers companies.\n paid cash dividends since.\n dividends. loews stock 2016 2015."
}
{
    "_id": "dd4c1fcb2",
    "title": "",
    "text": "aes corporation financial statements 2014 2017 2016 2015 unrecognized tax benefits 12 months december 31 2017 $ 5 million $ 15 million statute limitation lapses tax exam settlements.\n reconciliation unrecognized tax benefits.\n 31, 2017 2016 2015\n balance january 1 $ 352  $ 364  $ 384\n additions current year tax positions\n additions prior years\n reductions -5 -7\n foreign currency translation -3\n settlements\n statute limitations -1\n balance december 31 $ 348 $ 352  $ 364\n company subsidiaries examination taxing authorities.\n assesses outcome unrecognized tax benefit.\n difficult predict outcome uncertain tax position accrued tax benefits.\n audit outcomes settlements future events tax benefits.\npossible future examinations may exceed tax benefits december 31 2017.\n tax rate net income impacted.\n.\n discontinued operations portfolio evaluation 2016 management shift distribution companies brazil reduce exposure brazilian.\n 2017 converted preferred shares into listing novo mercado brazilian stock exchange.\n aes controlled maintained influence business.\n deconsolidated.\n 17% ownership equity investment.\n recorded after-tax loss deconsolidation $ 611 million $ 455 million translation losses $ 243 million pension losses.\n 2017 criteria met discontinued operation.\n results financial position reported consolidated financial statements.\n pre-tax loss 2017 2016 $ 633 million $ 192 million.\n pre-tax income 2015 $ 73 million.\n reported brazil sbu reportable segment.\nagreement sale subsidiary june 2016.\n discontinued statements.\n after-tax loss $ 382 million pre-tax impairment charge $ 783 million offset tax benefit $ 266 million $ 135 million deferred taxes.\n carrying value sul asset group $ 1. 6 billion greater fair value less costs.\n impairment charge limited assets.\n october 31 2016 sale received proceeds $ 484 million.\n additional after-tax"
}
{
    "_id": "dd4b88fc4",
    "title": "",
    "text": "risks related common stock stock price volatile.\n.\n factors impact fluctuations 2019 operating results clinical trial results adverse events product development changes laws healthcare tax intellectual property laws changes reimbursement drug pricing litigation government proceedings investigation failure delays acquisitions strategic transactions perceptions expectations.\n trading price common stock biopharmaceutical companies experienced extreme price volume fluctuations unrelated to operating performance.\n anti-takeover provisions charter bylaws delaware law make third-party acquisition difficult frustrate management.\n charter discourage transactions change of control.\n special meetings called by chairman president secretary majority board request of stockholders 25% outstanding stock.\n authorized number of directors by resolution board.\n charter cumulative voting directors minority stockholder elect directors.\ncharter board of directors authority designate 5 shares preferred stock in series.\n rights holders common stock subject to affected by class series preferred stock future.\n delaware corporation anti-takeover provisions could make difficult for third party to acquire control.\n subject to section 203 delaware general laws prohibits 15% voting stock from merging or combining for three years after transaction unless merger approved.\n.\n.\n.\n.\n conduct primary operations at owned leased facilities.\n new haven connecticut corporate headquarters sales research development offices 514000 2030 dublin ireland global supply chain distribution administration offices.\n connecticut\n dublin\n commercial research development manufacturing\n lexington massachusetts\n bogart georgia\nrhode island commercial research development manufacturing 67000\n zurich switzerland regional executive sales offices 69000\n administrative office space future.\n research development manufacturing activities.\n lease space.\n foreign countries global organization."
}
{
    "_id": "dd4c5093e",
    "title": "",
    "text": "december 31 2015 future minimum payments lease financing.\n 2016 $ 5754\n 2017 5933\n 2018 6113\n 2019 6293\n 2020 6477\n 18810\n payments 49380\n less interest land lease expense -30463\n payments facility financing obligations 18917\n property landlord 23629\n value obligation 42546\n current portion\n long-term obligation $ 41210\n construction 2013 de-recognition asset liability sale-leaseback accounting.\n involvement.\n lease financing obligation payments reduction principal financing obligation interest expense land lease expense.\n asset depreciated life 30 years.\n lease de-recognize net book values remaining financing obligation.\n manufacturing supply chain third-party contract manufacturers reduce.\n purchase orders non- cancelable commitments.\npurchase strategic component inventory non-cancelable including integrated circuits consigned contract manufacturers.\n 2015 non-cancelable purchase commitments $ 43. 9 million.\n provided restricted deposits third-party.\n $ 2. 3 million deposits 2015 2014.\n classified balance sheets.\n agreements customers channel partners indemnification provisions intellectual property rights.\n repair infringement replace non-infringing refund customers"
}
{
    "_id": "dd4bcc332",
    "title": "",
    "text": "international networks segment owns operates networks december 31 2013 global networks regional networks.\n discovery channel 271 kids 76\n animal planet 200 sbs nordic 28\n tlc real time travel 162 dmax\n science 81 history\n investigation 74\n home health 64 espanol.\n turbo 52 familia.\n world 23 gxt\n sbs nordic networks sweden norway denmark.\n dmax networks. austria switzerland ireland.\n networks segment owns operates free-to-air networks 285 million viewers middle east december 31 2013.\n include dmax fatafeat quest real time giallo frisbee focus k2.\n.\n primary sources revenue fees operators cable dth satellite advertising.\n markets vary.\n.advanced digital television markets others analog varying investment digital.\n long-term distribution relationships renew contracts annually.\n distribution revenue international networks on subscribers rates market demand content.\n advertising revenue development pay free-to-air markets subscribers viewership demographics popularity programming sell commercial time channels.\n advertising sales business in-house teams external.\n advertising revenue growth from subscriber viewership growth localization strategy shift spending from analog multi-channel.\n mature markets growth revenue increasing viewership pricing launching new services.\n 2013 distribution  advertising revenues 50% 47% 3% total net revenues.\n 2014 agreement with tf1 acquire interest eurosport international increasing ownership stake from 20% to 51% million.\n acquisition excludes eurosport france subsidiary.\nretain 20% equity eurosport france acquire 31% 2015 contingent regulatory matters.\n eurosport network focuses tennis skiing cycling reaches 133 million homes 54 countries 20 languages.\n brands hd asia-pacific.\n acquisition growth pay television.\n tf1 49% non-controlling interest two and half years acquisition.\n floor value equal fair value acquisition exercised 2015 priced fair value july 1 2016.\n acquisition second quarter 2014 regulatory approvals."
}
{
    "_id": "dd4bedfe6",
    "title": "",
    "text": "2014 acquired partner atmospheric industrial gases joint venture north america $ 22. increased ownership 50% to 100%.\n business combination results consolidated industrial gases segment.\n gain $ 17. $ 11. after-tax. per share revaluing equity fair value.\n note 6 consolidated financial statements details.\n transactions.\n.\n.\n 2016 $ 121. increased $ 71. transition services agreements versum evonik sale assets investments gain $ 12. $ 7. after-tax. per share sale land favorable foreign exchange impact.\n.\n $ 49. increased $ 3. lower foreign exchange losses contract settlements government subsidy.\n 2015 gain $ 33. $ 28. after tax $. 13 per share sale two parcels land.\n items.\n.\n $ 139. $.$ 151.\n capitalized interest 19. 32. 49.\n expense $ 120. $ 115. $ 102.\n 2017.\n 2016 interest decreased $ 8. lower debt balance $ 26 offset higher interest rate $ 19.\n carrying value projects exit energy-from-waste business.\n 2016.\n 2015 interest decreased $ 4.\n stronger.\n dollar foreign currency $ 6 offset higher debt balance $ 2.\n carrying value projects construction exit energy-from-waste.\n $ 29. 2017 cash time deposits sale pmd.\n 2016 2015.\n.\n loss extinguishment debt 2016 issued $ 425. notes air products exchanged $ 418.\n loss $ 6. $ 4. 3 after-tax $. per share.\n 2015 payment $ 146. 3000000 unidades fomento.bonds due 2030 $ 130. net loss $ 16.-tax 07 share."
}
{
    "_id": "dd496d938",
    "title": "",
    "text": "new orleans.\n revenue 2008 2007 fuel expenses gas power expenses regulatory charges.\n change net revenue 2008 2007.\n.\n 2007 net revenue $ 231.\n volume.\n gas.\n.\n.\n.\n 2008 revenue $ 252.\n volume/weather variance increase electricity usage 2008 2007.\n 141000 electric 93000 gas returned since hurricane katrina 31 2008 132000 86000 gas 2007.\n retail electricity usage increased 184 gwh increase 4%.\n net gas revenue variance due base rates march november 2007.\n statements.\n revenue variance higher revenue storm reserve 2007 city council settlement agreement 2006.\n storm reserve $ 75 million ten-year restricted escrow account.\n.\n base revenue variance due base rate recovery credit 2008.\n.\noperating revenues fuel power expenses $ 58. 9 million wholesale revenue average price energy $ 47. 7 million electric fuel recovery higher rates usage $ 22 million gas revenues rates march november 2007.\n fuel power market prices gas demand."
}
{
    "_id": "dd4985452",
    "title": "",
    "text": "december 31 2014 modest working capital surplus.\n strong cash position liquidity uncertain economic environment.\n adequate access capital markets cash requirements financial capacity liabilities.\n.\n 2015 2014 2013\n $ 7344 $ 7385 6823\n investing -4476\n financing -3063\n $ -195\n decreased 2015 lower net income working capital offset tax payments.\n federal law 100% bonus depreciation 2011 50% 50 % 2012-2013.\n deferred 2011-2013 income tax expense positive cash flow.\n extended 50% bonus depreciation 2014 2015.\n extended depreciation 2019 delayed 2016.\n 50% 50 % 2015 2016 2017 40% 40 % 2018 30% 30 % 2019.\n higher net income 2014 increased higher income tax payments.\n2014 income tax payments higher income taxes deferred depreciation.\n investments locomotives freight cars $ 327 million early lease buyouts drove increase cash.\n early buyout headquarters $ 261 million.\n investments new locomotives freight cars containers commercial facility projects.\n $ 99 million early buyout locomotives freight cars long-term leases."
}
{
    "_id": "dd4c098ea",
    "title": "",
    "text": "railroad collected $ 18. 8 billion $ 16. 3 billion receivables 31 2011 2010.\n used proceeds new receivables.\n costs receivables securitization facility include interest paper rates fees issuing costs fees unused commitment availability.\n included in interest expense $ 4 million $ 6 million for 2011 2010.\n included other income $ 9 million 2009.\n investors no recourse to assets except warranty indemnity claims.\n creditors recourse assets.\n august 2011 receivables securitization facility renewed 364-day period comparable terms conditions.\n contractual obligations commercial commitments financial condition.\n no known trend uncertainty results operations financial condition liquidity.\n commercial obligations financings commitments similar to corporations transportation industry.\ntables identify obligations commitments december 31 2011 payments due obligations.\n 2012 2013 2016 2016\n debt $ 12516 $ 538 852 887 8972\n operating leases 4528  525  489 415 372 347 2380\n capital lease obligations 2559 297 269\n purchase obligations 5137 2598 568\n post retirement benefits\n income tax contingencies\n contractualobligations $ 25096 $ 4015 $ 2204 2164 1565 13508\n excludes capital lease obligations $ 1874 million unamortized discount $ 364 million.\n interest component $ 5120 million.\n leases for locomotives freight cars equipment real estate.\nrepresents obligations interest $ 685 million.\n purchase obligations locomotive maintenance fuel locomotives ties ballast goods.\n year settlement reflected column.\n retirement medical life insurance unfunded pension plan ten years.\n funded pension obligations.\n future cash flows income tax contingencies liability unrecognized tax benefits interest penalties december 31 2011.\n.\n column."
}
{
    "_id": "dd4bf5a52",
    "title": "",
    "text": "cumulative return assumes reinvestment dividends.\n weighted market capitalization.\n purchases equity securities issuer not repurchased common stock since march 16 securities equity compensation plans proxy statement 2012 annual meeting 120 days after fiscal year.\n.\n financial data.\n 2011 2010 2009 2008 2007\n sales service revenues $ 6575 $ 6723 $ 6292\n impairment 290 2490\n operating income 110  248\n net earnings loss -94 94 135\n assets 6001 5203 5036 4760\n long-term debt 1830 105 283\n long-term obligations 3757 1559 1645 1761\n free cash flow 331 168 -269 121 364\n earnings loss per share $. 93. 77. -49.61 49. $ 5. 65\n diluted earnings share. 93. 2. 77. 54. 5\n long-term debt former parent 31 2010 due liabilities.\n free cash flow non-gaap cash capital expenditures.\n liquidity resources 7."
}
{
    "_id": "dd4ba2226",
    "title": "",
    "text": "visa payment services acquires credit debit card transactions.\n.\n affiliates.\n october 2007 issued shares visa.\n members reorganization.\n received share class b visa.\n common stock.\n members.\n.\n indemnify visa judgments settlements.\n acquisition judgment loss sharing agreements visa banks.\n financial responsibilities adverse judgment settlements.\n 2014 visa funded $ 450 million escrow account reduced conversion rate visa shares.\n obligation indemnify visa judgments settlements.\n sold commercial residential home equity loans securitization sale continuing involvement.\n recourse loan repurchase obligations transferred assets.\n service multi-family commercial mortgage loans sold fnma underwriting program.\n similar program fhlmc.\n assume one-third risk loss unpaid principal balances share.\ndecember 31 2014 2013 unpaid principal balance loans $ 12. 3 billion $ 11. 7 billion.\n potential maximum exposure loss share $ 3. billion $. billion.\n reserve losses.\n $ 35 million $ 33 million included liabilities consolidated balance sheet.\n payment contractual interest collateral losses value losses.\n exposure activity recourse obligations reported corporate institutional banking segment.\n table 150 commercial mortgage recourse obligations.\n january 1 $ $\n reserve adjustments\n losses 2013 loan repurchases settlements\n 31 $\n residential mortgage credit repurchase obligations repurchase obligations.\n origination covenants warranties.\n activity banking.\n fourth quarter 2013 pnc agreements fnma fhlmc resolve repurchase claims loans sold 2000 2008.\npnc paid $ 191 million settlements.\n repurchase obligations include brokered home equity loans sold private investors.\n lending repurchase limited.\n repurchase activity non-strategic assets portfolio.\n pnc financial services group.\n 2013 form 10-k"
}
{
    "_id": "dd4bb8b20",
    "title": "",
    "text": "commitment expiration commercial commitments millions dollars 2010.\n expiration 2010 2011 2012 2013 2014 2014\n credit facilities $ 1900\n sale receivables 600\n guarantees 416  29  76 24 8 214 65\n letters credit 22\n commercial commitments $ 2938  $ 651  $ 1924 214\n credit facility used december 31 2009.\n $ 400 million sale receivables program utilized december 31 2009.\n guaranteed obligations headquarters building equipment financings operations.\n letters credit drawn december 31 2009.\n railroad transfers accounts receivable union pacific receivables.\n bankruptcy subsidiary sale receivables facility.\n sells interest accounts receivable investors.\ncapacity sell interests was $ 600 million $ 700 million at 2009 2008.\n outstanding interest $ 400 million $ 584 million at.\n 2009 upri reduced interest receivables.\n not included in financial statements.\n supported by $ 817 million $ 1015 million at 2009.\n interest retained was $ 417 million $ 431 million.\n.\n sold at carrying value approximates fair value no gain loss.\n value fluctuate receivables affected by business volumes credit risks default dilution.\n change 2009.\n credit rating below investment grade investors discontinue facility.\n railroad sold receivables servicing asset liability servicing fees.\n collected $ 13. 8 billion $ 17. 8 billion 2009 2008.\n upri used proceeds to purchase new receivables.\n costs sale receivables program $ 9 million $ 23 million $ 35 million 2009 2008 2007.\n interest paper rates fees costs.\n decrease 2009 costs rates interest."
}
{
    "_id": "dd4bed5aa",
    "title": "",
    "text": "environmental liability includes remediation restoration monitoring excludes recoveries third parties.\n cost estimates based on information financial viability technology laws regulations.\n accrued ultimate costs sites.\n ultimate liability remediation difficult determine parties cost sharing arrangements contamination volumetric data speculative remediation.\n estimates may vary changes laws.\n expect obligations operations financial condition.\n contingently liable for $ 464 million guarantees.\n recorded liability $ 6 million fair value obligations december 31 2006.\n entered guarantees include obligations headquarters building equipment financings operations.\n final guarantee expires 2022.\n default guarantees.\n expect financial condition results operations liquidity.\n indemnification arrangements range to.\nuncertainty claims determine probability estimate liability exposure indemnification arrangements.\n believe payments indemnity provisions.\n income taxes 2013 irs examinations issued notices deficiency tax years 1995 2002.\n proposed adjustments disallowance tax deductions donations.\n quarter irs advice unresolved deductions.\n dispute donation issue adjustments contest tax deficiencies appeals process litigation.\n irs examining federal income tax returns 2003 2004 2007.\n expect resolution effect consolidated financial statements.\n.\n income years december 31 millions 2006 2005 2004.\n rental income $ 83 $ 59 $\n net gain non-operating asset dispositions 72 135\n interest income 29\n sale receivables fees\n non-operating environmental costs\n $ 118 $ 145 $"
}
{
    "_id": "dd4c133c2",
    "title": "",
    "text": "goodwill reviewed annually fourth quarter impairment.\n company performs impairment analysis intangible assets.\n changes membership state funding medical contracts provider networks.\n impairment loss recognized if value exceeds implied fair value.\n medical costs include paid inventory unpaid claims.\n estimates developed actuarial methods historical data payment patterns cost trends product mix utilization.\n continually reviewed adjustments reflected.\n actuarial methods.\n medical claims payable liability unpaid claims december 31 2006 payments may differ estimates.\n medicaid managed care segment from premiums.\n receives fixed premium per member month.\n payments revenue.\n states enact premium taxes recorded administrative expenses.\n contracts allow additional premium services.\n revenues recorded based membership eligibility data adjusted.\nadjustments immaterial revenue reflected period.\n specialty services segment generates revenues state programs healthcare organizations subsidiaries.\n revenues recognized provided earned.\n premium revenues advance unearned.\n performance contracts revenue refund until.\n premiums service revenues recorded receivables net allowance trends judgment.\n receives payments allowance not significant revenues financial condition results.\n uncollectible accounts years december 31 summarized.\n 2005\n allowances beginning $ 343 $ 462 $ 607\n write-offs uncollectible receivables\n end year $ 155 $ 343 $ 462\n revenues state medicaid managed care programs.\n contracts june 30 2007 december 31 2011 expected renewed.\ncontracts georgia indiana kansas texas wisconsin 15% 10% 17% 16% revenues 2006.\n purchased healthcare.\n program covers 90% inpatient healthcare expenses deductibles $ 300 to $ 500 member maximum $ 2000.\n medicaid subsidiaries inpatient charges daily per diem.\n risk-sharing program arizona costs threshold.\n reinsurance recoveries $ 3674 $ 4014 $ 3730 2006 2005 2004.\n expenses $ 4842 $ 4105 $ 6724 2004.\n medical costs.\n investment interest expense.\n cash equivalents deposits investments."
}
{
    "_id": "dd49737c0",
    "title": "",
    "text": "abiomed inc.\n subsidiaries financial statements 2014.\n income taxes 1 2007 adopted financial interpretation.\n accounting uncertainty income taxes fasb statement.\n.\n accounting uncertainty income taxes financial statements.\n.\n.\n process uncertain tax positions.\n.\n derecognition classification interest penalties accounting interim periods disclosure transition criteria tax position.\n.\n recorded accounting $. million earnings long-term liabilities april 1 2007.\n adjustment failure tax returns 2003 2004 2005.\n initiated voluntary disclosure plan fiscal year 2009.\n interest penalties income tax consolidated statements.\n march 31 2009 remitted outstanding amounts owed 31 2008.\n no.\n liability march 31 2009.\n accrues uncertain tax positions penalties interest.\npossible unrecognized tax benefit increase next 12 months not expected change significant company results financial position.\n reconciliation unrecognized tax benefits accrued interest march 31 2009.\n balance march 31 2008 $ 168\n reductions tax positions statute limitations -168\n balance march 31 2009 $ 2014\n company subsidiaries subject.\n federal income tax state foreign jurisdictions.\n accumulated losses since 1981.\n tax years examination.\n net operating loss tax credit carry forwards review.\n.\n acquisition impella abiomed contingent payments shareholders approval. payment $ 5583333. $ 5583333 sale 1000 units $ 5583334.\n. paid prior march 31 2009.\n april 2009 received fda 510 ( k clearance impella 5. product obligation pay milestone.\n2009 company paid 1. 8 million remaining 664612 common stock."
}
{
    "_id": "dd4bd91a4",
    "title": "",
    "text": "handle demand changes.\n industrial engineering techniques productivity.\n 2022 fuel prices uncertainty economy fuel price projections difficult volatile fuel prices sensitive global.\n domestic demand refining capacity geopolitical events weather conditions factors.\n reduce impact fuel price earnings recovery fuel surcharge programs expand fuel conservation efforts.\n capital plan capital investments $ 3. 2 billion positive train control revised business conditions laws affect.\n capital. 2015 spend $ 250 million 2011 ptc.\n $ 1. 4 billion 2015 federal administration.\n installing new system upgrading locomotives digital data communication equipment.\n testing technology.\n financial expectations cautious economic conditions anticipate volume increase 2010.\n volume price productivity gains offset higher costs fuel labor inflation depreciation casualty costs property taxes operating ratio improvement.\n revenues.\n\n freight revenues $ 16069 $ 13373 $ 17118 20% 20 % 22 %\n other revenues 896 770 852 16\n $ 16965 $ 14143 $ 17970 20% 20 % 21 %\n freight revenues six commodity groups.\n vary volume revenue.\n price traffic mix fuel surcharges.\n contractual incentives volumes reduction revenues.\n revenues.\n allocate transit time expenses.\n revenues subsidiaries commuter accessorial revenues equipment services.\n obligations.\n revenues volume six commodity groups increased 2010 economic improvement.\n volume growth automotive intermodal industrial.\n pricing gains fuel surcharges increased revenues 6% improvement.\n commodity groups decreased 2009 economic weakness.\n volume declines automotive industrial"
}
{
    "_id": "dd4baef9e",
    "title": "",
    "text": "equity compensation plan documents exhibits form 10-k incorporated.\n table information dec.\n 31 2006 shares ppg common stock issued under equity compensation plans.\n securities outstanding options warrants rights average exercise price securities future issuance excluding 9413216 $ 58. 35 10265556 plans not approved 2089300 $ 70.\n securities issued options warrants rights weighted average exercise price number securities remaining future issuance\n plans approved 9413216 $ 58. 10265556\n not 2089300 $ 70.\n 11502516 $ 60. 57 10265556\n plans approved ppg industries.\n omnibus plan industries.\n incentive plan.\n.\n plans not approved ppg industries.\n 2000 stock plan.\nbroad stock option plan granted employees subsidiaries july 1 1998 option purchase 100 shares common stock $ 70. per share.\n options exercisable july 1 2003 expire june 30 2008.\n 2089300 shares issuable dec.\n 31 2006.\n excluded equivalents ppg industries.\n.\n.\n.\n 491168 common stock equivalents plans dec.\n 31 2006.\n.\n selected financial data five years.\n 31 2006 exhibit 99. form 10-k.\n eleven-year digest page 72 annual report net sales income loss before accounting changes effect earnings dividends per share total assets long-term debt 2002 2006.\n.\n financial condition operations performance 2006 sales increased 8% $ 11. billion 2006 $ 10. 2 billion 2005.\nsales increased 4% acquisitions 2% volumes prices.\n cost. 7%. 5%.\n expense increased. 9%. 4%\n store expansions advertising optical.\n charges decreased 81 million 2006.\n 185 million environmental remediation 42 million legal settlements 44 million insurance recoveries marvin hurricane.\n pretax 132 million marvin insurance 61 million federal glass class action settlement 34 million hurricanes rita 27 million asset impairment 19 million debt refinancing.\n earnings increased $ 30 million 2006 higher equity earnings fiber glass joint ventures higher royalty income.\n net income earnings share $ 711 million $ 4. 27 $ 596 million $ 3. 49 2005.\n2006 $ 106 million 64 cents environmental remediation new jersey louisiana $ 26 million 15 legal settlements 23 million business restructuring 17 million 10 cents asbestos $ 24 million 14 insurance recoveries.\n 2005 $ 117 million 68 cents legal settlements $ 21 million hurricanes katrina rita $ 17 million 10 cents asset impairment chemicals 12 million 7 cents debt refinancing $ 13 million 8 cents increase 2006 annual report 10-k"
}
{
    "_id": "dd4c093a4",
    "title": "",
    "text": "net earnings companies m-i swaco joint venture 2010 eight months smith transaction.\n $ million 2011 increased $ 91 million due $ 4. 6 billion long-term debt schlumberger.\n expense $ 207 million decreased $ 14 million borrowing rates 3. 9%. to. 2%. 2 %.\n research engineering general administrative expenses revenue.\n 2. 7%. 7 %. 3%. 3 % 5%. 5 %\n. 1%. 1\n research engineering decreased 2011 increased $ 154 million $ 117 million.\n increases smith acquisition.\n income taxes schlumberger effective tax rate 24. 4%. 4 % 2011 17. 3%. 3 % 2010 19. 6%. 6 % 2009.\n tax rate sensitive geographic mix earnings.\n.\n.\n impacted charges credits financial.\neffective tax rate 2011 24. 0%. 20. 6%. 6 2010.\n schlumberger generated larger pretax earnings north america 2011 improved market conditions activity acquired smith businesses.\n tax rate 2009 impacted charges credits.\n rate 2010 20. 6%. 6 % 19. 2%. 2 % 2009.\n increase attributable geographic mix earnings four months 2019 results acquisition smith schlumberger tax charges recorded charges credits 2011 2010.\n note 3 financial statements."
}
{
    "_id": "dd4c5ee94",
    "title": "",
    "text": "consolidated financial statements 2014 acquisitions recorded purchase method purchase price allocated assets acquired liabilities assumed estimated fair value.\n operating results included in consolidated statements.\n 2008 acquired transactions rights.\n.\n single point contact mastercard processing.\n acquired euroenvios money transfer.\n.\n money.\n customer base branch locations.\n acquired money transfer branch locations united states.\n increase market presence dolex-branded money transfer.\n preliminary purchase price allocations acquisitions.\n $ 13536\n customer-related intangible assets 4091\n contract-based intangible assets 1031\n property equipment 267\n other current assets 502\n assets acquired 19427\n current liabilities -2347\n minority interest in equity subsidiary -486\n net assets acquired $ 16594\ncustomer-related assets 14 years.\n contract-based 3 to 10 years.\n acquisitions not significant financial statements information.\n 2008 acquired customer list merchant referral agreement $ 1. 7 million.\n $. 1 million expensed.\n remaining amortized 10 years."
}
{
    "_id": "dd4bc83ae",
    "title": "",
    "text": ".\n company leases land facilities equipment software leases through 2057.\n agreements include renewal escalation clauses taxes insurance maintenance costs.\n rental expense $ 92. 3 million 2019 $ 84. 9 million 2018 $ 58. 8 million 2017.\n schedule rental payments long-term leases november 2 2019.\n 2020 79789\n 2021 67993\n 2022\n 2023 37673\n 2024\n 190171 448721\n.\n commitments contingencies claims charges litigation contractual patents trademarks personal injury environmental product liability insurance employment benefits.\n no assurance.\n matters financial position cash flows.\n.\n retirement plans subsidiaries savings retirement plans.\n plan eligible.\n employees.\n contributions 5% compensation.\n contributes pre-tax contribution 3% compensation.\nexpense contribution plans.\n employees $ 47. 7 million 2019 $ 41. 4 million 2018 $ 35. 8 million 2017.\n non-qualified deferred compensation plan allows management highly-compensated employees non directors defer compensation.\n salary bonus commissions director fees.\n company provides contributions equal 8% deferred contributions.\n non-qualified maintained rabbi trust.\n investments deferred compensation plan investments current prepaid expenses assets balance sheets.\n.\n deferred compensation obligation represents accumulated deferrals earnings.\n liability current portion accrued liabilities balance sheets.\n unsecured general obligation.\n.\n financial statements"
}
{
    "_id": "dd4bbdec2",
    "title": "",
    "text": "management credit ratings based on agencies assessment liquidity market credit operational risk management practices earnings capital base franchise reputation management corporate governance external operating environment government support.\n firm derivatives transacted under bilateral agreements with counterparties collateral terminate transactions changes credit ratings.\n assess impact agreements collateral termination payments downgrade by agencies.\n.\n allocate portion gce additional collateral termination payments two-notch reduction long-term credit ratings collateral not available.\n table presents additional collateral termination payments one-notch two-notch downgrade credit ratings.\n millions december 2012 2011\n collateral payments one-notch downgrade $ 1534 $ 1303\n two-notch downgrade 2500\n millions $ 1303 global financial institution cash flows complex little relation to net earnings assets.\ncash flow analysis liquidity.\n macro trends initiatives.\n.\n cash equivalents increased $ 16. 66 billion $ 72. 67 billion.\n generated $ 9. 14 billion.\n $ 7. 52 billion bank deposits offset repayments borrowings.\n.\n increased $ 16. 22 billion $ 56. billion 2011.\n generated $ 23. 13 billion.\n used $ 6. 91 billion financing repurchases offset increase bank deposits.\n.\n increased $ 1. 50 billion $ 39. 79 billion.\n generated $ 7. 84 billion short-term secured financings.\n used $ 6. 34 billion securities offset decrease securities.\n"
}
{
    "_id": "dd4b933fc",
    "title": "",
    "text": "volumes fuel surcharges reduced freight revenue.\n international traffic decreased 24% economic weak imports non ports.\n weakness domestic housing automotive sectors demand international intermodal market decline.\n domestic traffic increased 8% 2009.\n new contract hub group. shipments second.\n price increases fuel surcharges revenue lower volume.\n international traffic declined 11% softening imports china loss customer contract.\n peak intermodal shipping season weak.\n housing automotive demand.\n domestic traffic declined 3% loss customer contract lower volumes less-than-truckload shippers.\n flood embargo hindered volume.\n.\n decreased 26% $ 1. 2 billion.\n volume declined five commodity groups 19% % 32% 24% 24 % reductions industrial products automotive shipments.\nenergy shipments increased 9% 2009 2008.\n revenue mexico business increased 13% $ 1. 6 billion 2008.\n price improvements fuel surcharges offset 4% decline volume 2008.\n operating expenses.\n compensation benefits $ 4063  $ 4457  $ 4526 9 % 2\n fuel 1763  3983 3104\n purchased services materials 1614 1902 1856\n depreciation 1444 1387 1321\n equipment rents 1180 1326 1368\n 687 840 733\n $ 10751  $ 13895 $ 12908 8%\n 2009 intermodal revenue"
}
{
    "_id": "dd4bc6b26",
    "title": "",
    "text": "entergy new orleans.\n volume/weather variance electricity usage residential commercial sectors 4% 4 % increase residential 3% 3 % commercial offset less favorable weather.\n operating revenues decreased $ 16. 2 million electric fuel cost recovery lower rates $ 15. 4 million gas revenues formula rate plan decreases 2011.\n offset wholesale revenue increased sales favorable/weather.\n net revenue fuel expenses gas power expenses regulatory charges.\n change net revenue 2010 2009.\n.\n 2009 net revenue $ 243.\n.\n.\n 2009 settlement.\n.\n 2010 revenue $ 272.\n volume/weather variance increase 348 gwh 7% 7 % retail electricity usage favorable weather.\n net gas revenue variance favorable weather gas regulatory asset electric gas formula rate plans.\nnote 2 financial statements plan settlement.\n 2009 settlement entergy orleans realigning non-fuel costs grand gulf fuel adjustment electric rates june 2009.\n settlement.\n operation maintenance expenses deferral $ 13. 4 million michoud plant maintenance costs entergy orleans $ 8. million fossil expenses higher plant outage costs scope michoud plant.\n 2 financial statements 2010 rate plan."
}
{
    "_id": "dd4bf56b0",
    "title": "",
    "text": "provide to governmental agencies entities under environmental regulations landfill operations for closure costs performance collection landfill transfer station contracts.\n surety bonds letters of credit insurance policies trust deposits included in cash marketable securities assets consolidated balance sheets.\n determined by state environmental regulations.\n.\n states require third-party engineering specialist determine costs.\n from obligation.\n.\n varies by contract.\n assurance for insurance program collateral for performance obligations.\n increase in assurance requirements 2016.\n issued not considered indebtedness.\n not reflected in consolidated balance sheets record capping closure post-closure liabilities insurance liabilities incurred.\n no debt obligations operating leases assurances.\n no transactions obligations not disclosed in reported financial position results operations.\nguaranteed third-party debt.\n.\n operating activities purchases property proceeds sales consolidated.\n table calculates free cash flow 31 2015 2014 2013 millions.\n operating activities $ 1679. 7 $ 1529. 8 $ 1548.\n purchases property -945. 6. -862. 5 862. -880. 8 880.\n proceeds sales 21. 35. 23.\n cash flow $ 755. 3 $ 703. $ 691.\n changes free cash flow investing activities."
}
{
    "_id": "dd4bdbdd2",
    "title": "",
    "text": "graph five-year comparison return common stock nasdaq composite s&p 500 information technology index april 2009 2014.\n past performance not indicative future.\n 5 return netapp. nasdaq s&p 500.\n. 100. 189. 284. 212. 190. 197.\n nasdaq composite. 144. 170. 182. 202. 253.\n s&p 500. 138. 162. 170. 199. 240.\n s&p 500. 143. 162. 186. 189. 236.\n factors market price common stock fluctuate.\n.\n risk factors. unregistered securities"
}
{
    "_id": "dd4c5e6d8",
    "title": "",
    "text": "stock performance graph shareholder return series a c compared with 500 stock index peer group cbs news scripps network. time warner. viacom.\n walt disney.\n assumes $ 100 invested september 18 2008 s&p 500 index peer group companies reinvestment dividends september 18 2008 december 31 2009 2010 2011.\n cash borrowings revolving credit facility future financing transactions.\n management purchase shares open market prevailing prices securities laws requirements subject to stock price business conditions market conditions.\n repurchase program expiration date.\n funded cash.\n no repurchases series a b three months december 31 2011.\n.\n 2009 2010\n $ 102. $ 222. $ 301. $ 296.\n $ 78. $ 162. $ 225.217.\n 83. 165. 75. 235.\n 74. 86 92. 104.\n 68. 79 100. 70 121. 138."
}
{
    "_id": "dd4b89eec",
    "title": "",
    "text": "ownership environmental capital expenditures property acquisitions marathon ashland.\n original contributor no ownership.\n ashland net gain net loss.\n revenues increased $ 5. 822 billion 2004 2003 $ 6. 040 billion.\n increases rm&t segment higher acquisition costs crude oil refined products feedstocks manufacturing expenses.\n expenses increased $ 105 million 2004 $ 97 million.\n increase stock-based compensation business transformation outsourcing.\n impacted start-up costs project complying governmental regulations.\n increase 2003 employee benefit expenses.\n $ 24 million organizational business process changes.\n inventory market valuation reserve cost value.\n crude oil prices below $ 22 per barrel.\n 2002 results income $ 71 million.\n net interest financial costs decreased $ 25 million 2004 2003 $ 82 million 2002.\ndecrease 2004 interest income.\n 2003 capitalized interest construction projects interest rate swaps tax deficiencies.\n foreign currency gains $ 9 million $ 13 million $ 8 million 2004 2003 2002.\n loss 2002 retirement $ 337 million debt loss $ 53 million.\n ashland 38 percent increased $ 230 million 2004 $ 129 million.\n.\n equatorial guinea holdings gepetrol 25 percent $ 7 million 2004 start-up costs.\n income taxes increased $ 143 million 2004 $ 215 million 388 million $ 720 million increases income taxes.\n tax rate 2004 36. percent. 2003 2002.\n higher rate 2002 10 percent tax profits north sea oil gas.\n one-time noncash deferred tax adjustment $ 61 million rate increase.\n tax rate.\ntax rate 35. 0% 0 %. %\n foreign operations 1. 3. 4 5.\n local taxes federal tax. 2 3.\n federal tax. 3. 4\n tax rate 36. 6%. 6 %. 6 % 42. 1%. 1 %\n deferred tax effect supplemental tax.\n tax rate."
}
{
    "_id": "dd4bbbd84",
    "title": "",
    "text": "consolidated financial statements union pacific corporation subsidiary companies references 201ccorporation subsidiaries railroad company.\n.\n class i railroad.\n network 31974 route miles pacific gulf coast ports midwest eastern.\n gateways mexican gateways.\n own 26012 miles operate remainder trackage rights leases.\n serve western two-thirds country coordinated schedules rail carriers freight atlantic pacific coast southeast southwest canada mexico.\n export import traffic gulf coast pacific coast ports mexican canadian borders.\n railroad subsidiaries affiliates reportable operating segment.\n net financial results segment.\n freight revenue commodity group 2014 2013 2012.\n agricultural products\n automotive\n chemicals\n coal\nindustrial products 4400 3822 3494\n intermodal 4489 4030 3955\n freight revenues $ 22560 $ 20684 $ 19686\n revenues 1428 1279\n operatingrevenues $ 23988 $ 21963 20926\n customers. outside.\n commodity mexico.\n $ 2. 3 billion 2014 $. 1 billion 2013 $ 1. 9 billion 2012.\n consolidated financial statements accounting principles.\n.\n.\n union pacific corporation subsidiaries.\n affiliated companies 50% equity method.\n intercompany transactions eliminated.\n no majority-owned investments consolidation.\n cash equivalents maturities three months less.\n receivable reduced allowance doubtful accounts.\n historical losses credit worthiness economic conditions.\n other assets."
}
{
    "_id": "dd4c35fb2",
    "title": "",
    "text": "management jpmorgan chase. annual report credit exposure net fair value derivative receivables capture future variability.\n firm calculates three measures derivatives credit loss peak risk equivalent average exposure.\n incorporate netting collateral benefits.\n peak exposure extreme 97. 5%. confidence level.\n exposure risk derivative exposure loan.\n loss derivative counterparty.\n less extreme primary credit approval derivative transactions.\n avg expected fair value derivative receivables future collateral.\n metric pricing credit capital cva.\n three year avg exposure $ 37. 5 billion $ 35. 4 billion december 2014 2013 receivables net collateral $ 59. 4 billion $ 51. 3 billion 2014 2013.\n fair value derivative receivables incorporates credit quality counterparties.\ncva based on firm 2019s avg counterparty credit spread derivatives market.\n primary components credit spreads new deal activity market environment.\n believes active risk management credit risk derivatives.\n wrong-way risk correlation between exposure credit quality.\n factors influence correlations.\n firm adjust cva avg.\n manages exposure credit derivative transactions interest rate foreign exchange equity commodity derivative transactions.\n graph shows exposure profiles derivatives portfolio 10 years dre avg metrics.\n exposure after first year no new trades.\n table summarizes ratings profile by derivative counterparty derivative receivables.\n scale based on internal ratings s&p.\n profile derivative receivables 2014 2013 december 31 exposure net collateral %.\ndecember 31 millions\n aaa/aaa-/aa3 $ 19202 32% % $ 12953 25% 25 %\n a+/a1 a-/a3 13940\n bbb+/baa1-/baa3 19008 15220\n bb+/ba1 b-/b3 6384 6806\n ccc+/caa1 837 3415 7\n $ 59371 100% 100 % $ 51324\n prior period amounts revised current period."
}
{
    "_id": "dd4bb3f9e",
    "title": "",
    "text": "royal caribbean cruises ltd.\n financial statements 2012 determined fair value pullmantur unit $ 145. 5 mil lion recognized impairment charge $ 319. 2 million probability-weighted discounted cash flow model.\n charge recognized earnings fourth quarter 2012 reported pullmantur assets.\n fourth quarter 2014 assessment royal caribbean fair value less carrying two-step goodwill impair ment test.\n economic conditions capital results fuel prices foreign exchange rates.\n estimated fair value exceeded carrying value two-step goodwill impairment test.\n fair value exceeded financial performance solid.\n annual impairment review fourth quarter 2014.\n two-step goodwill impairment test.\n estimated fair value probability-weighted discounted cash flow model.\nassumptions in discounted cash flow model operating results cost capital terminal value.\n transfer of vessels from cruise brands to pullmantur.\n 2015 results.\n added future cash flows.\n assigned probability to.\n discounted cash flows.\n fair value carrying value by 52% no impairment goodwill.\n targeted at spanish portuguese latin american markets.\n economic instability uncertainties in forecasting results future cash flows.\n economic events impact business valuation.\n estimation of fair value discounted future cash flows includes uncertainties judgment revenues operating costs marketing expenses interest rates ship additions retirements industry competitive environment economic business conditions.\nchanges future cash flows transfers brands pullmantur fleet impairment charge pullmantur goodwill.\n transfers significant cash.\n transfers fail step impairment test.\n.\n intangible assets reported balance sheets.\n indefinite-life intangible 2014pullmantur trademarks trade names $ 214112 $ 204866\n foreign currency translation adjustment\n $ 188038\n fourth quarter 2014 2013 2012 annual impairment review pullmantur trademarks names discounted cash flow model relief-from-royalty method fair value carrying value.\n royalty rate agreements.\n dis- count rate comparable pullmantur unit goodwill impairment test.\n"
}
{
    "_id": "dd4c07df6",
    "title": "",
    "text": "shareowner return performance graph material future filing securities act 1933 exchange act 1934.\n five year comparison shareowners 2019 returns class b common stock standard 500 index dow jones transportation average.\n quarterly stock price reinvested dividends $ 100 invested december 31 2008 500 index dow jones average class b common stock.\n/31/2008\n united parcel service. $ 100. $ 107. 140. 145. 151. $ 221.\n standard poor 2019s 500 index. 126. 145. 148. 172. $ 228.\n dow jones transportation average. 118. 150. 161. 228."
}
{
    "_id": "dd4b9d410",
    "title": "",
    "text": "restructuring liability 2004 non-operating interest income increased $ 1. 7 million $ 12. million 2005 10. 3 million 2004.\n higher returns invested funds.\n interest expense decreased $ 1. million $ 17. 3 million 2005 18. 3 million 2004 stock debt.\n common stock notes non- cash charge $ 48. 2 million.\n.\n operating losses financed equity debt securities agreements royalties investment income employee.\n 2006 cash equivalents securities $ 761. 8 million increase $ 354. 2 million $ 407. 5 million 2005.\n $ 313. 7 million proceeds 2006 offering common stock $ 165. million up-front payment $ 52. 4 million stock $ 30. million sale altus pharmaceuticals.\n.\ncash inflows offset by expenditures 2006 research development sales.\n capital expenditures property equipment $ 32. million.\n december 31 $ 42. million 2007 notes $ 59. 6 million 2011 notes.\n 2007 due september 2007 convertible into common stock $ 92. per share.\n redeem 2011 notes march 5 2007.\n convertible common stock $ 14. 94 per share.\n holders convert stock issue 4. million.\n repay 2011 notes not converted $ 1003. per $ 1000 principal amount principal interest redemption date.\n liability december 31 payments 2004 cash sublease operating costs additional charge lease restructuring $ 293 17574.\n december 31 payments 2004 costs additional charge\n restructuring\nrestructuring liability 2004 non-operating interest income increased $ 1. 7 million $ 12. million 2005 10. 3 million 2004.\n higher returns invested funds.\n interest expense decreased $ 1. million $ 17. 3 million 2005 18. 3 million 2004 stock debt.\n common stock notes non- cash charge $ 48. 2 million.\n.\n operating losses financed equity debt securities agreements royalties investment income employee.\n 2006 cash equivalents securities $ 761. 8 million increase $ 354. 2 million $ 407. 5 million 2005.\n $ 313. 7 million proceeds 2006 offering common stock $ 165. million up-front payment $ 52. 4 million stock $ 30. million sale altus pharmaceuticals.\n.\ncash inflows offset expenditures 2006 research development.\n capital expenditures property equipment $ 32. 4 million.\n december 31 $ 42. million 2007 $ 59. 6 million 2011 notes.\n 2007 due 2007 convertible common stock $ 92. per share.\n 2011 notes march 5 2007.\n convertible stock $ 14. 94 per share.\n holders 4. million.\n repay 2011 notes not converted $ 1003. 19 per $ 1000 principal amount interest redemption date.\n liability 31 2004 cash sublease operating costs lease restructuring liability"
}
{
    "_id": "dd4be238a",
    "title": "",
    "text": "management financial information income tax rate operations.\n. 40. 1%. 1 % 30. 8%. 8 % 25. 9%. 9 %\n. 8% 8 % 31. 6%. 6 % 32. 3%. 3 %\n. 8 % 6% 6 %. 3%. 3 %.\n income tax consequences employee share-based awards recognized excluded tax provisions.\n financial statements accounting update share-based payment accounting.\n income tax rate excludes.\n.\n tax rate operations 2017 intermittent net discrete tax provision $ 968 million tax act tax benefits remeasurement reserves tax.\n revised.\n corporate income tax law tax rate 21% 21 % modified territorial tax system one-time transition tax repatriated earnings.\nimposes minimum tax low income alternative base erosion anti-abuse tax.\n corpora deductible payments non.\n persons broadens tax base tax deductions deductible expenses.\n recorded $ 1. 2 billion net discrete tax provision enactment tax act remeasurement deferred tax assets lower corporate tax rate.\n incorporates information assumptions.\n estimates may change.\n.\n impact income tax deter preparation.\n federal income tax return.\n expect effective tax rate operations 2018 22% 22 % to 25% ( 25 % ) depending geographic mix earnings employee share awards.\n 2017 earnings estimates net tax provision revised $ 43 million increase income taxes reallocation impacts segments.\n decreased diluted continuing operations $. $fourth quarter year 31 2017.\n $ 89 million increase income taxes wealth management $ 45 million decrease institutional securi ties $ 1 million decrease investment management.\n tax rate 2016 tax benefits $ 68 million remeasurement reserves multi year tax examinations offset adjustments tax matters.\n tax rate 2015 benefits $ million repatriation non.\n earn cost lower internal restructuring legal entity.\n.\n loans customers large high net worth individuals.\n.\n.\n.\n activities institutional securities loans lending corporate clients.\n wealth management securities-based lending 2017 form"
}
{
    "_id": "dd4ba122c",
    "title": "",
    "text": "may 20 2015 aon plc issued $ 600 million 4. 750%. 750 % notes 2045.\n. guaranteed.\n proceeds.\n september 30 2015 $ 600 million 3. 50%. 50 % notes repaid.\n november 13 2015 issued $ 400 million 2. 80%. 80 % notes march 2021.\n. guaranteed.\n proceeds.\n december 31 2015 two facilities $ 400 million.\n march 2017 $ 900 million-currency.\n february 2020.\n replaced 20ac650 million facility.\n commercial paper obligations working capital needs.\n representations warranties covenants ratios consolidated ebitda interest expense.\n december 31 2015 borrowings compliance financial covenants.\n 2020 facility extended 1 year february 2021 debt-to-ebitda ratio december 31 2015 2014.\ndecember 31, 2015 2014\n net income 1422 1431\n interest expense 273 255\n income taxes 267\n depreciation fixed assets 229\n amortization intangible assets 314 352\n ebitda 2505 2614\n debt 5737 5582\n debt-to-ebitda ratio.\n non-gaap measure.\n supplemental information.\n consolidated financial statements.\n shelf registration statement 3 offer sale indeterminate amount convertible.\n investor demand market conditions."
}
{
    "_id": "dd4b98e4c",
    "title": "",
    "text": "stanley financial statements 2014 lending commitments.\n primary originated company secondary purchased third parties.\n include investment non-investment grade companies corporate lending business activities.\n secured lending transactions.\n extended secured real estate assets.\n variable rates over-collateralization creditworthiness.\n reverse repurchase agreements.\n securities 2013 secured collateral.\n government securities sovereign government obligations.\n commercial residential mortgage commitments.\n forward purchase contracts residential mortgage loans home equity lines credit.\n originate loans.\n underwriting.\n corporate institutional clients.\n.\n commercial lending small businesses securities-based lending wealth management.\n sponsors non investment funds third-party investors general partner investment advisor minority capital investors majority.\ncompany employees senior officers directors participate investors funds investment waive lower fees charges.\n capital commitments guarantees lending facilities arrangements investment funds.\n.\n non-cancelable operating leases excluding commodities.\n december 31 2013 future minimum rental commitments office rentals premises leases.\n 2015 656\n 2016 621\n 2017 554\n 2018 481\n"
}
{
    "_id": "dd4bace88",
    "title": "",
    "text": "off-balance sheet commitments company leases equipment facilities retail space under noncancelable lease arrangements.\n other off-balance sheet financing.\n major facility leases 10 years renewal options five.\n leases retail space five to 20 years majority 10 years multi-year renewal options.\n future minimum lease payments $ 4. billion $ 3. 1 billion leases retail space.\n rent expense $ 488 million $ 338 million $ 271 million in 2012 2011 2010.\n minimum lease payments.\n off-balance sheet third-party manufacturing commitments purchase commitments $ 21. billion.\n obligations $ 988 million acquire capital assets advertising research development internet telecommunications services.\ncompany subject to legal proceedings claims not adjudicated discussed part i item 3 form 10-k 201clegal proceedings 201d item 1a 10-k. material loss excess recorded accrual.\n outcome litigation uncertain.\n likelihood remote legal matters resolved expectations financial statements could affected.\n apple inc.\n vs samsung electronics.\n august 24 2012 jury verdict company $ 1. 05 billion lawsuit against samsung electronics states district court northern.\n award subject appeal not recognized award consolidated financial statements year september 29 2012."
}
{
    "_id": "dd4c4c726",
    "title": "",
    "text": "table summarizes short-term borrowing activity awcc years december 31.\n 2016\n average borrowings $ 779 $ 850\n maximum borrowings 1135 1016\n average interest rates 1. 24% ( 1. 24 % ). 78% (. 78 % )\n december 31 1. 61% (. 61 % ). 98% (. 98 % )\n credit facility requires ratio consolidated debt to capitalization not. 70 to 1.\n december 31 2017 0. 59 to 1.\n borrowings subject default prepayment downgrading downgrading increase fees interest charges.\n enters contracts purchase sale water energy fuels services.\n assurance future performance.\n downgraded credit counterparty downgrade assurance performance.\n collateral.\n obligation supply situation.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n"
}
{
    "_id": "dd4c4f084",
    "title": "",
    "text": ".\n financial instruments derivatives hedging accounting standards board statement.\n 133 derivative instruments hedging activities effective january 1 2001 recognize derivatives balance fair value.\n derivatives not hedges fair value income.\n changes fair value offset against recognized income until recognized earnings.\n ineffective change fair value recognized earnings.\n recorded cumulative effect adjustment sfas 133.\n intrinsic value income $ 811 time value $ 532 ) unrealized loss $ 1343.\n transition amounts determined interpretive guidance fasb.\n changes.\n sfas 133 increase net income stockholders equity future interest rates variables no effect cash flows.\n table summarizes notional fair value derivative financial instruments december 31  2001.\n involvement represent exposure credit interest rate market risks.\n.\n\n interest rate collar $ 70000. 580%. 11/2004 $\n interest rate swap $ 65000 4. 8/2005 $ 891\n december 31 2001 derivative instruments obligation $ 3205.\n adjustments deferred gains losses loss $ 2911.\n instruments hedging instruments.\n unrealized gains losses reclassified earnings.\n $ 1093 balance loss reclassified earnings twelve months.\n not hedging future cash flows.\n.\n properties federal ordinances.\n environmental liability financial position cash flows.\n environmental cost properties sold.\n.\n office properties manhattan office real estate structured finance investments.\n evaluates real performance allocates resources net operating income.\n real estate portfolio manhattan.\n primary revenue tenant rents escalations reimburse ment.\nestate property expenses security maintenance utility taxes ground rent.\n 2001 2000 $ 1371577 $ 1161154 1182939 1109861 real estate $ 188638 $ 51293 structured finance investments.\n revenues $ 257685 230323 240316 217052 200751 real estate $ 17369 $ 13271 $ 5266 structured finance investments.\n net operating income $ 63607 $ 53152 48966 $ 46238 39881 43700 real estate $ 17369 13271 5266 structured finance investments.\n structured finance.\n real estate.\n no transactions between segments.\n realty.\n consolidated financial statements december 31 2001"
}
{
    "_id": "dd4bc28d2",
    "title": "",
    "text": "coatings optical materials glass offset declines commodity chemicals.\n lost sales hurricane rita.\n cost sales increased 63. 5%.\n coatings material energy costs.\n expense declined 17. 4%. $ 56 million 2005.\n advertising optical store expansions architectural coatings.\n interest expense declined $ 9 million debt $ 80 million.\n charges increased $ 284 million pretax charges $ 132 million marvin legal settlement 18 million insurance recoveries 61 million federal glass settlement 34 million costs 27 million asset impairment 19 million debt refinancing $ 12 million environmental remediation.\n net income earnings per share $ 596 million $ 3. 49 683 million. 2004.\nincome 2005 aftertax $ 117 million 68 cents legal settlements $ 21 million 12 cents costs hurricanes katrina rita $ 17 million 10 cents asset impairment fine chemicals $ 12 million 7 cents debt refinancing.\n settlements $ 80 million marvin settlement $ 37 million federal glass class action settlement.\n 2005 2004 aftertax $ 13 million 8 cents $ 19 million 11 cents obligation asbestos claims ppg settlement.\n sales income millions industrial coatings $ 2921 $ 2818 $ 284 $ 338 coatings optical specialty materials.\n coatings 2921 2818 284\n optical specialty materials\n chemicals\n coatings increased $ 103 million 4% 2005.\n higher selling prices foreign currency translation.\nflat automotive offset industrial packaging.\n segment income decreased $ 54 million 2005.\n inflation raw materials costs $ 170 million higher selling prices costs.\n coatings sales increased $ 190 million 2005.\n 4% higher selling prices increased volumes aerospace coatings 1% foreign currency.\n income increased $ 13 million 2005.\n increased sales volumes higher overhead costs.\n higher selling prices offset inflation $ 75 million.\n optical specialty materials sales increased $ 62 million 8%.\n higher volumes optical products silica lower fine chemicals.\n increased 1% acquisition optical decreased lower pricing.\n income decreased $ 28 million.\n $ 27 million impairment charge fine chemicals.\n offset inflation increased energy costs lower prices overhead costs 2006 annual report"
}
{
    "_id": "dd4c4d342",
    "title": "",
    "text": "revenues segment table summarizes millions.\n 2016 2015 2014\n $ 4566 $ 3846 $ 3679\n 4250 2360 2198\n corporate 425 390 536\n consolidated revenues $ 9241 $ 6596 $ 6413\n integrated financial solutions north american regional community bank savings institutions transaction processing payment channel wealth management digital channels risk compliance services.\n corporate liquidity wealth management solutions.\n clients banks credit unions commercial lenders government institutions merchants commercial organizations.\n integrated solutions multi-year contracts recurring revenues.\n innovation product integration information security compliance.\n solutions core processing ancillary applications.\n.\n.\n services ancillary branch automation back office compliance support.\n digital solutions internet mobile ebanking.\nretail delivery applications institutions operations interaction channels.\n focus innovation multi multi-host solutions integration seamless experience.\n leader mobile banking electronic banking internet mobile devices accounting software.\n corporate electronic banking solutions commercial treasury cash management multi-bank collection disbursement.\n systems provide full accounting reconciliation.\n fraud risk management compliance solutions. decision solutions applicants accounts fraud.\n know-your-customer new account decisioning account transaction management fraud management collections.\n proprietary models data sources fraud.\n advanced authentication predictive analytics artificial intelligence databases fraud deposit transactions.\n outsourced risk management compliance solutions requirements."
}
{
    "_id": "dd498048e",
    "title": "",
    "text": "contingent consideration $ 13. 8 million.\n cash payments former equity holders lyric technological product development milestones june 2011 2016.\n estimated fair value.\n changes recognized operating income.\n october 29 2011 no contingent payments fair value $ 14. million.\n allocated purchase price assets acquired liabilities assumed $ 12. 2 million ipr&d $ 18. 9 million goodwill $ 3. 3 million net deferred tax liabilities.\n goodwill future technologies.\n.\n deductible tax.\n obligated pay royalties former equity holders revenue sale products licenses $ 25 million.\n payments post-acquisition compensation expense.\n october no royalty payments made.\n recognized $ 0. 2 million acquisition-related costs third quarter 2011.\n included operating expenses consolidated statement.\ncompany provided results integrant audioasics lyric.\n included results acquisition in consolidated statement income.\n.\n deferred compensation plan investments analog devices.\n classified trading.\n october 29 2011 30 2010.\n money market funds $ 17187 $ 1840\n mutual funds\n investments $ 26410 $ 8690\n fair values based on market quotes 29 2011 2010.\n adjustments recorded operating expenses.\n gains losses not material 2011 2010 2009.\n recorded liability for owed participants.\n investments available benefits.\n insolvent investments available unsecured creditors.\n.\n other equity securities long-term investments.\n fair value based market quotes cost.\n adjustments fair value available-for-sale recorded.\n consolidated financial statements 2014"
}
{
    "_id": "dd4b9f292",
    "title": "",
    "text": "2013 long-term debt millions.\n rates 2. 13%. to 6. 15%. 2016 to 2042 $ 5642 5308\n 7.%. to. 75%. 2013 to 2036\n long-term debt 6966\n unamortized discounts -892\n current maturities\n 6158\n 2012 issued notes $ 1. 3 billion fixed interest rate 4. 07%. 2042 $ 1. 2 billion interest rates 5. 50%. to 8. 50%. 2023 to 2040 old.\n paid premium $ 393 million $ 225 million cash $ 168 million new notes.\n $ 194 million unamortized discounts amortized interest expense new.\n redeem new notes principal make-whole premium accrued unpaid interest.\n payable june 15 december 15 2013.\nnew notes unsecured senior obligations indebtedness.\n 2011 issued $ 2. billion long-term notes $ 500 million 2016 interest 2. 13%. $ 900 million 2021. 35%. $ 600 million 2041. 85%.\n redeem notes principal make-whole premium accrued unpaid interest.\n payable march 15 september 15 2012.\n proceeds redeem $ 500 million long-term notes 2013.\n repurchased $ 84 million.\n paid premiums $ 48 million early extinguishments.\n august 2011 $ 1. 5 billion revolving credit facility banks terminated $ 1. 5 billion 2012.\n expires august 2016 increase $ 500 million.\n no borrowings outstanding december 31 2012.\n borrowings unsecured interest eurodollar base.\nobligation loans credit facility compliance representations warranties covenants maximum leverage ratio.\n excludes adjustments postretirement benefit plans.\n covenants credit facility debt agreements.\n agreements commercial paper.\n no borrowings 2012 2011.\n supported credit facility.\n long-term debt maturities $ 150 million 2013 $ 952 million 2016.\n interest payments $ 378 million 2012 $ 326 million 2011 337 million 2010."
}
{
    "_id": "dd4c36fde",
    "title": "",
    "text": "repurchase equity securities table purchases october 1 to december 31 2012.\n purchased average price paid plans programs maximum value.\n average price value\n october 1 - 31 13566 $ 10. 26 $ 148858924\n november 1 - 30 5345171 $ 9. 98 5343752 $ 195551133\n december 1 - 31 8797959 $ 10. 87 8790000 $ 99989339\n 14156696 $ 10. 53 14133752\n common stock $ 0. 10 per share withheld employee stock compensation plans tax withholding obligations.\n repurchased 13566 shares october 1419 november 7959 december 2012 22944 shares.\naverage price per share fiscal quarter three-month period calculated tax withholding obligations paid shares acquired stock repurchase program note 5 withheld acquired repurchase program.\n february 24 2012 board approved share repurchase program $ 300. 0 million common stock.\n november 20 2012 2012 share repurchase program $ 400. 0 million.\n february 22 2013 new share repurchase program $ 300. 0 million common stock.\n new authorization addition 2012 program.\n no expiration date."
}
{
    "_id": "dd4987432",
    "title": "",
    "text": "2022 revenues connected fitness increased $ 34. 2 million to $ 53. 4 million 2015 from 19. 2 million 2014 due acquisitions growth.\n income.\n north america 460961 372347 23. 8%.\n emea.\n asia-pacific 36358 21858.\n latin america -30593.\n fitness -61301 -13064 -48237.\n income $ 408547 353955 54592 15. 4%.\n north america increased $ 88. 6 million to $ 461. million 2015 from 372. 4 million 2014.\n emea increased $ 14. 9 million to $ 3. 1 million 2015 $ 11. 8 million 2014 sales growth.\n asia-pacific increased 14. 5 million to $ 36. 4 million 2015 from.million 2014 sales growth.\n 2022 loss latin america increased $ 15. 2 million $ 30. 6 million 2015 15. 4 million 2014 investments economic challenges brazil.\n offset growth.\n 2022 loss connected fitness segment increased $ 48. 2 million $ 61. 3 million 2015 $ 13. 1 million 2014 investments acquisitions.\n contributed $ 23. 6 million loss.\n net revenues income last two quarters increased sales volume fall season higher higher margin.\n accruals.\n.\n inventory accounts payable accrued expenses higher second third quarters fall."
}
{
    "_id": "dd4c20842",
    "title": "",
    "text": "shareholder value award program granted officers management payable shares common stock.\n issued varies stock price three-year vesting period.\n measure fair value unit grant date monte carlo simulation model.\n variables market condition.\n volatilities based volatilities traded options historical volatility price factors.\n dividend yield based historical experience future dividend yields.\n risk-free interest rate.\n treasury yield curve.\n weighted-average fair values sva units december 31 2017 2016 $ 48. 51 $ 66. 25 $ 48. 68 assumptions.\n dividend yield.\n risk-free interest rate.\n.\n. issued december 31 2017 2016.\n. million shares expected issued 2019.\n total remaining unrecognized compensation cost nonvested svas $ 55.amortized over service 20 months.\n restricted stock units granted employees payable common stock.\n shares fair value closing stock price.\n expense amortized over vesting three years.\n fair values rsu awards $ 70. $ 72. $ 71. 46 .\n issued constant forfeitures.\n. 3. shares granted. 6 million issued.\n. 8 million shares issued 2019.\n unrecognized compensation cost nonvested rsus $ 112. 2 million amortized over service 21 months.\n repurchased $ 4. billion. million. million repurchase.\n payment $ 60. million 2016 shares repurchased.\n repurchased $ 2. billion $ 5. billion repurchase program $ 8. billion repurchase program.\n 2. 10 billion repurchased.\n.90 billion shares 2018 program.\n 5. million shares preferred stock.\n december 31 2018 2017 no stock issued.\n employee benefit trust held 50. million shares stock benefit plans.\n cost basis $ 3. 01 billion reduction shareholders 2019.\n dividend transactions eliminated.\n stock not outstanding.\n assets not used fund obligations"
}
{
    "_id": "dd4980a42",
    "title": "",
    "text": "jpmorgan chase. annual report five-year stock performance compare five-year return.\n return s&p 500 index kbw bank index financial index.\n 500.\n equity benchmark companies economic sectors.\n kbw bank index performance banks thrifts traded.\n 24 national regional banks thrifts.\n s&p financial index 85 companies components s&p 500.\n three industry indices.\n simultaneous investments $ 100 december 31 2009 jpmorgan chase common stock.\n dividends reinvested.\n.\n jpmorgan chase 100. 102. 81. 111 152 167.\n kbw bank index. 123. 94. 125. 173. 189.\n s&p financial index. 119 162 186\n s&p 500 index. 117 136 180."
}
{
    "_id": "dd4b8af54",
    "title": "",
    "text": "acquisition.\n liabilities level 3 inputs.\n debt reflected consolidated balance sheets cost.\n fair credit agreement borrowings approximated values $ 1. 7 billion $ 2. 0 billion.\n borrowings receivables facility approximated values $ 110 million $ 100 million december 2018 2017.\n fair values.\n notes ( 2023 ) $ 574 million $ 615 million $ 600 million.\n euro notes 2024 $ 586 million $ 658 million $ 600 million.\n euro notes ( 2026/28 ) approximated value $ 1. 1 billion.\n fair borrowings credit agreement receivables facility level 2 determined inputs interest rates financing transactions.\n estimated fair value upfront cash payment.\n fair value.\n notes ( 2023 ) level 1 determined market inputs.\nfair values euro notes 2024 2026/28 determined market inputs level 2 fair value hierarchy.\n.\n noncancelable office space warehouse distribution facilities trucks equipment.\n future lease commitments december 31 2018 years.\n 2019 $ 294269\n 2020 256172\n 2021 210632\n 2022 158763\n 2023 131518\n 777165\n $ 1828519\n rental expense $ 300 million $ 247 million $ 212 million 2018 2017 2016.\n guarantee residual values truck equipment leases.\n original cost.\n responsible shortfall.\n more paid over residual value.\n terminated leases 31 2018 guaranteed residual value $ 76 million.\n recorded liability guaranteed residual value equipment recovery guaranteed residual value.\n contingencies subject environmental pollution control laws regulations.\nresolution contingencies financial position cash flows."
}
{
    "_id": "dd4b8ebcc",
    "title": "",
    "text": "income statement item 8.\n net income 2008 $ 882 million 2007 $ 1. 467 billion.\n revenue 2008 increased 7% 7 % 2007.\n positive operating leverage noninterest expense increased 3%.\n net interest income margin december 31.\n income $ 3823 $ 2915\n margin. 37%. 37 %.\n interest-earning assets yields interest-bearing liabilities rates noninterest sources funding.\n.\n 31% % increase net interest income 2008 impacted $ 16. 5 billion increase interest-earning assets decrease funding costs.\n margin declining rates deposits borrowings.\n higher interest-earning assets.\n net interest margin. 37%. 37 % 2008 3.%. 2007.\n decrease rate paid interest-bearing liabilities 140.\n 123 points.\n offset 77 point decrease yield interest-earning assets.\nyield loans decreased 109 points.\n 2022 noninterest decreased 26 lower interest rates.\n 2008 average federal funds rate 1. 94%. 03%. 2007.\n 2009 interest income pricing alignment.\n margin.\n noninterest income $ 3. 367 billion 2008 $ 3. 790 billion 2007.\n gains $ 246 million adjustment blackrock losses mortgage loans $ 197 million $ 179 million income hilliard lyons $ 164 million million securities losses $ 206 million gain $ 95 million redemption visa shares $ 61 million reversal legal contingency reserve trading losses $ 55 million $ 35 million impairment mortgage rights equity management losses $ 24 million.\nincome 2007 $ 82 million transfer blackrock shares $ 209 million loss hilliard lyons $ 227 million trading $ 104 million equity management gains $ 102 million mortgage loans $ 3 million.\n income increased 16 million.\n fund servicing fees increased 69 million $ 904 million.\n acquisition albridge solutions.\n global investment servicing.\n accounting $ 839 billion custody $ 379 billion"
}
{
    "_id": "dd4bf6650",
    "title": "",
    "text": ".\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 50 years 6 years property equipment.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 18504 17269 property plant equipment depreciation $ 405  392 $ 374 31 2015 2014 2013 depreciation amortization consolidated statements.\n depreciation depreciable asset balances. 13%. 13 % 2015. 20% 20 % 2014 2013.\n uncollectible changes.\n 2015 2014 january 1 -35 35 34 27 december 31 -39 39 35 34"
}
{
    "_id": "dd4c17756",
    "title": "",
    "text": "income.\n blackrock uses operating margin performance.\n management uses gaap non-gaap financial measures financial performance.\n non-gaap measure include all revenues expenses.\n operating income margin equal to excluding closed-end fund launch costs related commissions.\n exclusion fluctuate impact results future periods.\n revenue margin excludes distribution servicing costs.\n exclusion creates consistency in treatment contracts services investment advisory administration fees securities lending revenue.\n amortization of deferred sales commissions excluded from revenue costs offset distribution fee revenue.\n excludes costs related offsetting revenues.\n nonoperating income expense less net income loss ) noncontrolling interests.\n compensation expense offset recorded in operating income.\n included in nonoperating income returns on investments plans.\nbelieves nonoperating income less net loss nci provides comparability effective measure reviewing blackrock 2019s contribution results.\n compensation expense investments deferred compensation plans included in operating income offsets gain loss loss nci useful measure blackrock 2019s nonoperating results book value.\n 2013 noncash pre-tax gain $ 80 million pennymac investment excluded from nonrecurring nature charitable contribution expense $ 124 million reported in operating income.\n 2012 2011 income $ 116 less net income loss nci.\n -54 -114\n net income loss ) nci\n -36 -116\n gain related to charitable contribution -80 2014\n compensation expense related to on deferred compensation plans -10 -6 (\nnonoperating income loss nci $ 7 -113\n gain charitable contribution 80 2014 compensation expense deferred compensation plans 10 nonoperating income loss nci $ 7 42 113 net income blackrock. diluted earnings share profitability financial performance.\n. equals. nonrecurring items book value items.\n operating income margin pnc funding obligation merrill lynch compensation contribution charitable contribution.\n lease exit costs restructuring charges.\n 2013 results tax benefit $ 48 million charitable contribution.\n excluded net income blackrock. nonrecurring charitable contribution.\n income tax changes revaluation deferred income tax liabilities legislation united kingdom income tax changes.\n2012 income tax changes deferred liabilities legislation united kingdom state local tax company organizational structure.\n 2011 tax changes liabilities state tax election.\n state tax legislation.\n decrease income taxes excluded net income blackrock. cash flow comparability."
}
{
    "_id": "dd4bff354",
    "title": "",
    "text": "celanese purchases equity securities common stock december 31 2017 shares purchased average price dollar value.\n october 1 - 31 2017 10676 $ 104. 10 2014 $ 1531000000\n november 1 - 30 924 $ 104.\n december 1 - 31 38605 $ 106. 36 $ 1531000000\n 50205\n shares withheld employees.\n board authorized repurchase $ 3. 9 billion common stock february 2008 increase $ 1. 5 billion july 17 2017.\n note 17 stockholders' equity financial statements."
}
{
    "_id": "dd4c0eb56",
    "title": "",
    "text": "asset positions totaled $ 41. 2 million at june 30 2009.\n established counterparty credit guidelines monitored reported management.\n believes risk loss hedging contracts remote.\n derivative instruments credit-risk features.\n june 30 2009 compliance no net liability.\n companies.\n value-at-risk model risk.\n potential losses adverse changes market.\n historical volatilities correlations 250-day.\n high low average value-at-risk twelve months june 30 2009 2008 foreign exchange interest rate contracts.\n foreign exchange contracts $ 28. $ 14. $ 21. $ 18. 5. $ 11.\n interest rate contracts 34. 23. 29 28 20\n change value-at-risk measures increase volatilities different portfolio mix.\nchange in value-at-risk measures interest rate contracts higher volatilities.\n model esti mates normal market conditions 95 percent confi dence level.\n used statistical simulation model valued derivative fi nancial instruments against thousand market price paths.\n calculated value-at-risk exposure represents possible net losses portfolio hypothetical future not indicative of actual results.\n maximum loss loss future gains losses differ market rates operating exposures timing changes portfolio.\n loss offset by market rate movements transactions.\n arrangements with unconsolidated entities nancial results operations.\n adopted accounting standards 2009 financial accounting standards board.\n.\n.\n.\n disclosure date evaluated events for potential recognition fi nan cial statements.\nstandard provides after balance sheet date nancial statements.\n effective interim annual periods june 30 2009.\n adoption fi nancial statements.\n march 2008 fasb issued.\n derivative instruments hedging activities 2014 amendment fasb statement.\n 133.\n.\n.\n requires disclosures objectives strategies derivative instruments quantitative fair values gains losses liquidity derivative contract credit-risk contingent"
}
{
    "_id": "dd498e070",
    "title": "",
    "text": "simplify deferred income taxes complexity.\n financial position results cash flows.\n.\n acquisitions 2015 acquired 100% equity endomondo.\n purchase price $ 85. million adjusted working capital.\n recognized $ 0. 6 million $. 8 million acquisition costs expensed march 2015 december 31 2014.\n costs included consolidated statements income.\n march 2015 acquired 100% equity.\n transaction value $ 474. million.\n $ 463. 9 million accelerated vesting share awards costs shareholders.\n funded $ 400. million increased loan borrowings revolving credit facility remaining funded cash recognized $ 5. 7 million acquisition costs expensed months march 31 2015.\n included consolidated statement income.represents consolidated income statement mfp included results december 2015 2014.\n 2015\n net revenues $ 3967008 $ 3098341\n net income 231277 189659\n calculated accounting policies adjusting results mfp acquisition closed january 1 2014.\n net income 2014 includes $ 5. 7 million transaction expenses included 2015 excluded."
}
{
    "_id": "dd4bf11a0",
    "title": "",
    "text": "borrowings reflect proceeds senior notes 2015.\n liquidity capital resources.\n november 2015 repaid $ 1 billion. senior notes maturity.\n october adjustment quarterly dividend.\n capital requirements.\n additions property plant equipment significant cash.\n table capital expenditures operations 2015 2014 2013.\n north america e&p 2553 4698\n international e&p\n oil sands mining\n capital expenditures 2936\n additions property plant equipment $ 3476 $ 5160 4443\n reimbursements canada alberta capital.\n fourth quarter 2015.\n acquired 29 million shares $ 1 billion 2013 14 million $ 500 million.\n no share repurchases 2015.\n.\n financial statements data 2013 23 purchases common stock.\njune 10 2015 issued $ 2 billion unsecured senior notes 2022 600 million. 70%. 2020 $ 900 million. 85%. % 2025 $ 500 million. 20%. interest payable semi-annually december 1 2015.\n proceeds $ 1 billion. 90%. notes november 2 2015 remainder corporate purposes.\n 2015 amended $ 2. 5 billion credit facility size $ 500 million $ 3. billion maturity 2020.\n two one-year extensions increase commitment $ 500 million.\n sub-facilities swing-line loans letters credit unchanged $ 100 million $ 500 million.\n fees borrowing options.\n liquidity cash equivalents capital market transactions revolving credit facility sales non-core assets.\n working capital issue commercial paper. billion. debt equity securities.\nalternatives short long liquidity operations near long funding requirements capital spending dividend payments defined benefit contributions debt maturities.\n economic conditions commodity prices business factors affect operations markets.\n downgrade credit ratings impact cost capital increase interest rate fees unsecured credit restrict commercial paper market letters credit collateral"
}
{
    "_id": "dd497567e",
    "title": "",
    "text": "primary disbursement accounts reclassified payable accrued liabilities.\n credit risk instruments cash equivalents trade accounts receivable derivative instruments.\n place cash equivalents high quality financial institutions.\n fdic insured limits.\n monitor credit worthiness.\n credit risk trade accounts limited variety customers markets dispersion operations.\n commercial industrial municipal residential customers united states puerto rico.\n perform credit evaluations require collateral.\n establish allowance for doubtful accounts credit risk historical trends economic conditions.\n 5% accounts receivable balance at december 31 2009 2008.\n collection transfer recycling disposal.\n recorded billed claims settled in cash.\n estimated net realizable value.\n evaluated experience economic conditions.\n review balances.\n reserves for accounts receivable ninety days old.\nreceivable balances written-off collection efforts.\n table reflects allowance doubtful accounts 2009 2008 2007.\n $ 65. 7 $ 14. $ 18.\n additions 27. 36.\n accounts written-off.\n 27.\n end year $ 55. $ 65. 14.\n acquisition allied provision doubtful accounts $ 14. 2 million allowance accounting policies.\n $ 5. 4 million bankruptcy exposures 2008.\n 2007 $ 4. million reduction allowance doubtful accounts estimate.\n december 31 2009 $ 236. million restricted cash $ 93. 1 million tax-exempt bonds capital republic services.\n"
}
{
    "_id": "dd4bce2b8",
    "title": "",
    "text": "2005 losses $ 1 million securities.\n unrealized gains $ 1 million 2004 deferred taxes less $ 1 million.\n 2004 net gains $ 26 million.\n unrealized gains $ 11 million 2003 deferred taxes $ 7 million.\n.\n 2006 incentive plan 2006 20000000 shares common stock options appreciation rights restricted stock deferred performance awards.\n 8000000 shares 1997 equity incentive plan awarded 2006 plan.\n 1997 plan expired 18 2006.\n 1305420 shares 1997.\n 106045 awards 2006.\n stock options previous plans.\n exercise price non-qualified stock options appreciation rights less fair value.\n options vest four years expire ten years.\n restricted stock awards stock certificates issued grant dividend voting rights.\n vest three years.\ndeferred stock awards 2006 1997 plan no stock issued grant.\n vest over four-year periods.\n performance awards 2006 1997 earned over.\n payment shares common stock cash equal fair market value.\n compensation expense estimated fair value grant date.\n black-scholes option-pricing model fair value.\n weighted-average assumptions.\n 2006 2005 2004\n dividend yield 1. 41%. 85%. 35%.\n volatility 26.\n risk-free interest rate.\n option lives.\n compensation expense stock options appreciation rights restricted stock awards deferred awards performance awards $ 208 million $ 110 million $ 74 million years 2006 2005 2004.\n total income tax benefit $ 83 million $ 44 million $ 30 million 2006 2005 2004.\n.\n.\n 8. 25 10. 75 state street. 07-2771-1 01 17:11:13 2007."
}
{
    "_id": "dd4bda2ac",
    "title": "",
    "text": "latin american soft alloy extrusions business moved transportation construction solutions segment.\n remaining engineered products alcoa fastening systems rings power propulsion forgings extrusions titanium engineered products.\n information updated new structure.\n segments $ 1906 2015 $ 1968 2014 $ 1267 2013.\n shipments sales atoi data production realized price average cost three years december 31 2015.\n note consolidated financial statements ii item 8.\n.\n production 15720 16606\n-party shipments 10755\n average price metric ton $ 317\n average cost metric ton $ 237 282\n third-party sales $ 3455 $ 3509\n intersegment sales 1687\n total sales $ 5142 $\n $ 746 $ 370 $ 259\nincludes production costs raw materials conversion costs labor utilities depreciation depletion amortization plant administrative expenses.\n alcoa upstream operations worldwide refining system.\n alumina mines bauxite alumina produced sold smelter customers primary metals segment.\n half production sold third parties remainder used internally primary metals segment.\n alumina transferred market prices.\n third- party sales agents traders distributors.\n sales transacted.\n dollars costs expenses local currency australian dollar brazilian real.\n euro.\n global joint venture alcoa alumina affiliated entities bauxite mines alumina refineries refinery refinery.\n alcoa owns 60% alumina limited owns 40% consolidated for financial reporting.\n results inclusive 40% interest.\ndecember 2014 awac jamalco bauxite mine alumina refinery joint noble group ltd.\n jamalco 55% 55 % ) owned subsidiary awac 55% operating results assets liabilities alumina segment.\n refinery 779 kmt-per-year generated sales approximately $ 200 2013 refinery mine 500 employees.\n."
}
{
    "_id": "dd4bbe606",
    "title": "",
    "text": "2022 new projects.\n 2010 projects acquired location fuel equity interest.\n equity\n ballylumford united kingdom gas 1246 100%\n 35% 35 %\n nueva ventanas 272 71% 71 %\n. bulgaria 156 89% 89 %\n guacolda 35% %\n 49%\n huanghua\n. france 100% %\n north rhins scotland 100% %\n hydro 51% 51 %\n 51% 51 %\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 51% 51 % rural electrification development.\n.\n hydropower investment.\n.\n acquire 49% 49 % interest joint venture june 2010.\nacquisition 35% 35 % ownership completed june 2010 transfer remaining 14% 14 % ownership subject approval chinese government completed may 2011.\n guacolda equity investment held aes.\n equity interest reflects 29% 29 % noncontrolling interests gener.\n joint venture guohua energy investment.\n.\n joint venture.\n energy.\n operations face risks. factors.\n.\n operations address challenges.\n.\n company acquired completed construction projects 2404 mw acquisition ballylumford united kingdom projects chile china.\n. business subject development uncertainties.\n delays 670 mw maritza coal-fired project bulgaria not commercial operations.\n project debt default working lenders resolve default.\n. litigation contractor.\n maritza commence commercial operations second half 2011.\n could beyond.\nno assurance maritza achieve commercial operations second half 2011 resolve default lenders prevail litigation loss investment additional funding.\n company 2019s operating results financial position.\n global economic conditions.\n countries subsidiaries deteriorated.\n improved businesses impacted trends."
}
{
    "_id": "dd4ba9922",
    "title": "",
    "text": "merger company service $ 200 million unsecured 4. 75%. fixed-rate notes due 2008.\n recorded discount $ 5. 7 million amortized term.\n accrue interest 4. 75%. per year payable semi-annually march 15 september 15.\n 2005 interest rate swap agreements fixed interest rate. 4%. april 2008 $ 350 million. 2%. april 2007 additional $ 350 million.\n swaps cash flow hedges.\n.\n estimated asset $ 4. 9 million $ 5. 2 million december 31 2006 2005 included balance sheets noncurrent assets accumulated earnings.\n reclassified interest expense.\n cash flow hedges effective no impact earnings.\n execute instruments credit-worthy banks not speculative.\n maturities december 31 2006 next five years december 31 january 18 2007.\ndecember 31 2006 january 18 2007 refinancing\n 61661 96161\n 2008\n 2011 941875\n 1646709 2105129\n $ 3009501\n fidelity information services.\n subsidiaries"
}
{
    "_id": "dd4b95bc0",
    "title": "",
    "text": "analysis depreciation studies.\n changes estimated service lives depreciation rates implemented prospectively.\n group depreciation historical cost depreciable property retired replaced charged to accumulated depreciation no gain or loss recognized.\n historical cost assets estimated using inflation indices labor statistics estimated useful lives studies.\n indices selected correlate major costs asset classes.\n until monitor estimated service lives accumulated depreciation rates.\n determine accumulated depreciation deficient.\n deficiency amortized depreciation expense lives.\n retirements depreciable properties gain or loss recognized if retirement meets conditions unusual material varies significantly from retirement profile.\n gain or loss recognized land assets not railroad operations.\n asset capitalize costs use.\n assets self-constructed.\ncapital expenditures replacement track assets road properties performed employees track line expansion capacity projects.\n costs attributable capital projects capitalized.\n direct costs material labor work equipment.\n indirect costs capitalized construction.\n general administrative expenditures.\n repairs maintenance grinding useful life safety efficiency.\n allocated statistical bases.\n total expense repairs maintenance $ 2. billion 2012 $. billion 2011 $. billion 2010.\n capital leases recorded lower net present value minimum lease payments.\n amortization expense computed straight-line method estimated useful lives.\n.\n accounts payable current liabilities.\n.\n.\n.\n wages\n income taxes\n dividends\n casualty costs\n interest\n equipment rents\n accounts liabilities"
}
{
    "_id": "dd4bd230e",
    "title": "",
    "text": "gaming business june 1 2015 acquired assets certegy check services. subsidiary fidelity national information services.\n.\n acquired assets gaming business relationships clients 260 locations $ 237. 5 million  funded borrowings cash.\n acquired expand distribution service.\n estimated acquisition-date fair values assets liabilities purchase.\n customer-related intangible assets $ 143400\n liabilities\n net assets 143250\n goodwill 94250\n purchase consideration $ 237500\n acquisition north growth opportunities cross-selling opportunities operating synergies workforce.\n deductible income tax.\n assets estimated amortization period 15 years.\n determined income approach projected cash flows discounted present value.\n discount rates average estimated value cost capital debt.\ntechnologies valued replacement cost method costs adjustments physical deterioration economic obsolescence.\n trademarks names valued 201crelief-from-royalty approach.\n trademarks value owner relieved royalties.\n future revenues brands royalty rate weighted-average cost capital.\n discount rates average estimated value cost capital debt metrics.\n 2014 leading provider payment technology software solutions.\n technologies expertise solutions payment types.\n services channels.\n disclosures year december 31 2018.\n global payments.\n 10-k annual report 2013"
}
{
    "_id": "dd4bdd344",
    "title": "",
    "text": "hologic inc.\n financial statements failure develop new products enhancements harm results financial condition.\n risks business merger factors item 1a form 10-k year september 29 2007.\n preliminary purchase price allocation $ 3895100.\n strategic synergistic benefits combination.\n products technologies leading women healthcare company enhanced presence hospitals private practices healthcare organizations.\n synergies ob/gyn breast surgeon sales channel cross products.\n merger provides broader channel coverage expanded reach increased scale scope operations product development transactions.\n information consolidated results operations acquisitions 2007 adjustments amortization intangible assets interest expense acquisition financing adjustments tax effects.\n thousands\n net revenue $ 1472400\n net income $ 62600\n per share.\n.\n$ 368200 charge for research development transaction excluded from unaudited pro forma information.\n results not indicative of results acquisitions cytyc.\n board directors hologic cytyc approved modification equity awards for cytyc employees.\n acceleration vesting close merger.\n stock compensation charges.\n october 22 2007 senior secured credit agreement with goldman sachs credit partners.\n other lenders.\n lenders committed provide senior secured financing up to $ 2550000.\n closing merger company borrowed $ 2350000."
}
{
    "_id": "dd4985e7a",
    "title": "",
    "text": "contingent liability balances $ 1926. 8 mil lion at december 31 2007.\n assets escrow economic benefits borrowing arrangements.\n no loans outstanding 2007 balances invested short term investments risk.\n leases property leases.\n agreements escalation clauses purchases renewal options one to five years.\n lease payments 2012.\n 2008\n 2009\n 2010\n 2011\n 2012\n 249038\n lease commitments office equipment computer hardware payments $ 16. 0 million per year short-term.\n rent expense 2007 2006 2005 $ 106. 4 million  $ 81. 5 million $ 61. 1 million.\n.\n agreements vendors 2008 2017.\n estimated obligation $ 888. 3 million december 31 2007.\n inflation new technologies data processing needs.\nemployee benefit stock purchase plan merger employees participated fidelity national financial.\n stock plan.\n company instituted plan terms.\n.\n employees purchase shares fnf common stock payroll deductions.\n employees contribute 3% 15% base salary commissions.\n shares allocated contributions.\n company contributes amounts.\n expense $ 15. 2 million $ 13. 1 million $ 11. 1 million years 2007 2006 2005 employees.\n fidelity national information services.\n subsidiaries financial statements 2014"
}
{
    "_id": "dd4bf864e",
    "title": "",
    "text": "impairments investment securities.\n april 2009 fasb revised guidance.\n amends expands financial statement disclosures.\n debt securities intent sell credit loss recognized in earnings fair value loss income.\n company adopted guidance april 1 2009.\n recognized cumulative-effect adjustment retained earnings deficit decrease accumulated income loss.\n cumulative-effect adjustment gross $ 65658\n tax\n net $ 57312\n fair value inactive markets.\n april 2009 fasb revised guidance reaffirms value price sell asset transfer liability conditions.\n judgment active market inactive fair values.\n no impact financial statements.\n fair value disclosures pension plan assets.\n december 2008 fasb revised guidance.\n additional disclosures components investment strategies risk.\ncompany separated three levels changes 2009 financial statements.\n accounting benefits obligations.\n revisions earnings per share calculation.\n june 2008 revised securities.\n unvested share awards non- forfeitable rights dividends separate stock earnings share calculation.\n restricted share awards included earnings share calculation.\n disclosures derivative instruments.\n march 2008 fasb issued guidance disclosures.\n january 2009 adopted disclosure equity index put options.\n no comparative information.\n impact derivatives."
}
{
    "_id": "dd4c0aec0",
    "title": "",
    "text": "statutory surplus insurance 2012 2011.\n. insurance $ 6410 7388\n property casualty insurance 7645\n $ 14055 14800\n capital surplus.\n decreased $ 978 annuity surplus $ 425 $ 200 increase reserves transfer mutual funds.\n asset valuation reserve $ 115.\n january 2013 gain sale retirement plans businesses 2013.\n surplus $ 8. 1 billion $ 1. 5 billion extraordinary dividends.\n property casualty insurance subsidiaries increased $ 233 net income $ 727 unrealized gains $ 249 deferred tax assets $ 77  capital contributions $ 14 $ 7  offset dividends $ 841.\n hartford holdings.\n.\n holds regulatory capital surplus operations.\naccounting practices regulatory company statutory capital surplus $. billion $. 3 billion december 2012 2011.\n stockholders equity.\n principles.\n $ 22. 4 billion december 31 2012.\n estimated statutory capital surplus national association insurance commissioners accounting practices.\n $ 14. 1 billion december 31.\n differences between.\n equity statutory capital surplus.\n.\n excludes equity non-insurance foreign insurance subsidiaries.\n.\n costs insurance policies deferred.\n expensed.\n differences tax basis evaluated recoverability.\n subject limitations.\n.\n assumptions life benefit reserves.\n.\n.\n methodologies life insurance reserve amounts.\n benefit reserves.\n addressed by annuity reserving valuation methodology actuarial guidelines.\n embedded derivatives recorded fair value reserves.\nsensitivity life insurance reserves to changes equity markets different between.\n.\n.\n difference between amortized cost fair value of fixed maturity investments recorded as carrying value asset equity under.\n.\n records securities at fair value lower rated.\n.\n establishes reserve for losses due to default equity risks.\n.\n gains losses interest rates.\n defers amortizes gains losses interest rates into income over original maturity reserve.\n.\n goodwill from acquisition business tested for recoverability annual.\n.\n goodwill amortized over 10 years goodwill limited."
}
{
    "_id": "dd4c4b0a6",
    "title": "",
    "text": "2015 seven 2014.\n offset lower net sales $ 350 million c-130 fewer 21 24 lower sustainment activities contract $ 200 million decreased volume risk retirements $ 195 million f-16 fewer 11 17 $ 190 million f-22 decreased sustainment.\n aeronautics 2019 profit increased $ 32 million 2%.\n $ 240 million f-35 increased volume risk retirements $ 40 million c-5 risk.\n offset lower profit $ 90 million f-22 risk $ 70 million c-130 $ 80 million decreased volume risk retirements.\n $ 100 million higher 2015.\n 2016 higher orders f-35.\n f-35 c-130.\n aeronautics 2019 2017 net sales increase low increased volume f-35.\n operating profit lower operating margins.\nmissiles fire control business provides air missile defense tactical missiles air-to-ground logistics fire control mission operations engineering manned unmanned ground vehicles energy management solutions.\n programs pac-3 thaad multiple launch rocket hellfire jassm javelin apache sniper low altitude navigation infrared special operations forces logistics.\n 2016 bid special logistics services contract follow.\n award decision mid-2017.\n operating results.\n net sales $ 6608\n profit\n margin. 4%.\n backlog\n net sales decreased $ 162 million 2%.\n lower net sales $ 205 million air missile defense volume $ 95 million volume.\n offset $ 75 million increase tactical missiles increased deliveries $ 70 million fire control increased volume.\nprofit 2016 decreased $ million 21% 2015.\n decreased $ 145 million air missile defense risk retirements reserve $ 45 million tactical missiles 45 million fire control.\n adjustments reserves $ 225 million lower 2016 2015."
}
{
    "_id": "dd4bb3814",
    "title": "",
    "text": "monitor capital markets evaluate growth plans liquidity needs.\n expect financing liquidity needs through commercial paper borrowings senior notes long-term credit facilities.\n lodging industry deteriorate 2008 commercial paper rely borrowings credit facility liquidity debt higher cost paper.\n credit facility undrawn bank commitments remain available business conditions deteriorate.\n cash non-cash items last three fiscal years.\n non-cash items\n depreciation amortization share-based compensation deferred income taxes contract investment amortization.\n ratio current assets to liabilities. 4 to 1. year-end 2018. 5 to 1. year-end 2017.\n minimize working capital cash management strict credit-granting policies aggressive collection efforts.\n borrowing capacity under credit facility additional working capital.\n investing acquisition business.\ncash outflows $ 2392 million 2016 starwood combination.\n footnote 3.\n dispositions acquisitions.\n capital.\n $ 556 million 2018 $ 240 million 2017 $ 199 million 2016.\n 2018 increased $ 316 million acquisition sheraton grand phoenix worldwide systems spending properties.\n expenditures 2017 increased $ 41 million systems hotels.\n $ 500 million to $ 700 million 2019 acquisitions loan advances equity investments contract acquisition costs $ 225 million maintenance spending.\n sold lodging properties long-term management agreements.\n risks.\n monitor capital markets evaluate impact.\n acquired hotels joint interests acquired sheraton grand phoenix renovate sell.\n lodging business acquisitions new construction loans guarantees equity investments.\n minimize capital asset sales agreements.\nhotel real estate business own less percent management franchise fees based revenues profits values management agreements terminate sale foreclosure.\n.\n property sales generated $ 479 million cash 2018 $ 1418 million 2017.\n.\n."
}
{
    "_id": "dd4c024aa",
    "title": "",
    "text": ".\n tax liability reduced by foreign income taxes earnings.\n cumulative.\n taxes $ 2. 9 billion.\n unrecognized deferred tax liability $ 0. 8 billion.\n.\n net operating loss carryforwards $ 33. million federal $ 77. million state.\n foreign tax credit carryforwards $ 1. million $ 18. million $ 17. 6 million.\n expire 2017 2032.\n carryforwards carried indefinitely.\n subject annual limitation revenue code 382.\n tracking deferred tax attributes $ 45. million not recorded statements.\n.\n recorded to equity taxes.\n valuation allowance $ 28. 2 million for deferred tax assets.\n total change valuation allowance $ 23. million $ 2. 1 million recorded tax benefit.\n changes unrecognized tax benefits.\n\n beginning balance $ 163607 156925\n increases unrecognized tax benefits 2013 1038 11901\n decreases -4154\n increases 23771 32420\n settlements taxing authorities -1754 1754\n lapse statute limitations\n foreign exchange gains losses -807 -559 (\n ending balance $ 160468 $ 163607\n november 30 2012 combined accrued interest penalties approximately $ 12. 5 million.\n income tax returns.\n federal.\n.\n continual examination authorities.\n major tax jurisdictions. ireland california.\n. earliest fiscal years 2005 2006 2008.\n assess outcomes adjustments.\n no assurance final determination results financial position.\n 2011 canadian income tax examination 2005 2008 completed.\naccrued tax interest $ 35 million long-term.\n reclassified $ 17 million short-term decreased deferred tax assets $ 18 million.\n timing income tax uncertain tax audit settlement.\n fluctuations balance sheet assets liabilities.\n 2013 systems consolidated financial statements"
}
{
    "_id": "dd4b9649e",
    "title": "",
    "text": "aeronautics business segment.\n net adjustments 2011 profit booking rate adjustments is&gs aeronautics business segments.\n research design development manufacture upgrade advanced military aircraft unmanned vehicles.\n programs f-35 lightning f-22 raptor f-16 falcon c-130 hercules c-5m super galaxy.\n results.\n 2011\n net sales $ 14953 14362\n operating profit\n margins. 4%. 4 %.\n backlog year-end\n net sales increased $ 591 million 4%.\n higher net sales $ 745 million f-35 lrip contracts increased production volume $ million f-16 programs higher aircraft deliveries 37 2011 lower volume sustainment $ 140 million c-5 programs higher aircraft deliveries.\nincreases lower sales $ 365 million decreased production volume lower risk retirements f-22 $ 110 million f-35 contract reducing profit booking rate lower volume $ 95 million volume offset.\n sales c-130 comparable 2011.\n profit increased $ 69 million 4%.\n higher profit $ 105 million c-130 risk retirements $ 50 million f-16 programs higher deliveries 50 million f-35 contracts increased production volume risk retirements $ 50 million intangible asset amortization f-16 contracts.\n lower profit $ 90 million f-35 contract profit booking rate $ 50 million decreased production volume risk retirements f-22 resolution contractual matter $ 45 million risk retirements.\n profit c-5 programs comparable 2011.\n $ 30 million lower 2012.\n net sales increased $ 1. 3 billion 10%.\ngrowth net sales higher volume $ 850 million f-35 contracts $ 745 million c-130 programs 33 2011 25 2010 support $ 425 million f-16 support 22 $ 90 million volume c-5 programs two.\n offset decline net sales $ million lower volume f-22 lower $ 155 million f-35 development contract."
}
{
    "_id": "dd4c0518c",
    "title": "",
    "text": "balancing accounts accumulate differences until collected refunded.\n include low income programs purchased power water accounts.\n debt expense amortized over.\n premiums redemption long term debt unamortized debt deferred amortized recovered future service rates.\n american water capital. prepayment. 62%. series c senior notes 2018. 77%. series d notes 2021 make-whole premium $ 34 million recorded $ 6 million charge early extinguishment debt parent company.\n costs utility subsidiaries assets future.\n $ 1 million amortized 2017.\n purchase premium recoverable acquisition premiums 2007.\n amortized in statements through november 2048.\n tank painting costs deferred amortized to operations maintenance expense two to fifteen years regulatory authorities.\nregulatory assets include construction property tax employee postretirement benefit business services coastal water rate case expenditures environmental remediation costs.\n costs deferred.\n regulatory liabilities.\n recovered records regulatory liabilities.\n table regulatory liabilities december 31.\n income taxes recovered $ 1242 $ 2014\n removal costs\n pension postretirement benefit\n regulatory liabilities $ 1664 $ 403\n taxes recovered deferred refunded.\n december 22 2017 tcja law changes revenue code reduction.\n federal corporate income tax rate 35% to 21% january 1 2018.\n"
}
{
    "_id": "dd4bc6856",
    "title": "",
    "text": "republic services.\n financial statements 2014.\n repurchases activity 2018 2017.\n shares repurchased 10.\n paid $ 736. $ 610.\n cost per share $ 69. $ 63.\n 2018 no repurchased shares settlement.\n 2017 added $ 2. billion repurchase authorization 31 2020.\n repurchases open market purchases privately negotiated transactions laws.\n timing prices determined management market conditions.\n.\n remaining purchase capacity $ 1. 1 billion.\n quarterly dividend $ 0. 375 per share.\n cash dividends $ 468. 4 million $ 446. 3 million $ 423. 8 million 2018 2017 2016.\n quarterly dividend $ 121. 0 million shareholders january 2 2019.\n.\n net income republic services.\n average common shares.\n diluted earnings share combined equivalents employee stock options unvested rsus psus expected attainment levels.\n treasury stock method earnings."
}
{
    "_id": "dd4c0b9f6",
    "title": "",
    "text": "commodities purchased supply chain.\n manage exposures through purchase orders contracts exchange-traded futures options over-the-counter options swaps.\n offset exposures market conditions acquire inputs close planned cost.\n use derivatives commodity prices.\n hedge accounting.\n changes recorded cost sales statements earnings.\n cash flow hedge accounting instruments effective certainty future price.\n performance gains losses reported unallocated corporate items results until exposure affects earnings.\n reclassify gain loss operating profit economic effects without mark-to-market volatility.\n 2019 2018 2017.\n net gain loss-to-marketvaluation commodity positions -39. 14.\n loss commodity positions reclassified segmentoperating profit 10. 32.\n netmark-to-marketrevaluation grain inventories -7. 6..\n-to-marketvaluation commodity positions items $.\n. may 26 2019 net value commodity derivatives $ 312. 5 million $ 242. 9 million agricultural $ 69. 6 million energy inputs.\n contracts next 12 months.\n exposed volatility fixed-rate floating-rate debt.\n exposures.\n treasury libor euribor commercial paper rates states.\n interest rate swaps forward-starting treasury locks hedge reduce financing costs achieve fixed rate floating-rate debt.\n exchange difference fixed-rate floating-rate interest.\n swaps cash flow hedges.\n effectiveness assessed hypothetical derivative method value interest payments debt.\n gains losses reclassified earnings.\n ineffective gains losses net interest.\n hedge ineffectiveness less than $ 1 million 2019 $.6 million loss 2018 less 1 million 2017.\n 2014 swaps fair value hedges debt derivatives"
}
{
    "_id": "dd4b87912",
    "title": "",
    "text": "decrease 2016 tax rate due asset impairments.\n restructuring brazilian tax basis long-term.\n 2015 rate impacted items.\n.\n.\n tax expense increased $ 101 million 27% ( 27 % ) to $ 472 million 2015.\n effective tax rates 41% ( 41 % ) 26% ( 26 % ) years 2015 2014.\n increase 2015 tax rate due nondeductible 2015 impairment goodwill.\n withholding taxes offset valuation allowance businesses brazil vietnam.\n 2014 rate impacted sale 45% % interest masin aes pte ltd. sale.\n projects.\n income tax expense.\n.\n.\n.\n tax rate reflects operations outside. taxed lower.\n rate 35% ( 35 % ).\n future change income could impact tax rate.\ncompany benefits reduced tax rates commitments employment capital investment.\n note 21 2014income taxes.\n foreign currency transaction gains millions.\n years 2016 2015 2014\n aes corporation -50 -31 -34 34\n chile\n colombia -8\n mexico -6\n philippines\n united kingdom\n argentina\n -2\n -15 $ 107\n gains $ 17 million $ 247 million $ 172 million foreign currency derivative contracts 2016 2015 2014.\n net foreign currency transaction loss $ 15 million 2016 losses $ 50 million aes corporation losses intercompany notes swaps options.\n offset gains $ 37 million argentina foreign currency derivatives government.\ncompany recognized net foreign currency gain $ 107 million year 2015 $ 124 million argentina foreign currency derivatives offset losses devaluation argentine peso.\n debt losses termoandes.\n subsidiary cash receivable balances $ 29 million colombia depreciation colombian peso.\n liabilities $ 11 million united kingdom depreciation pound sterling gains ballylumford holdings.\n notes"
}
{
    "_id": "dd4c56316",
    "title": "",
    "text": "management jpmorgan chase. annual report wholesale credit portfolio exposure increased $ 36. billion 2009.\n increase driven $ 23. billion loans $ 16. billion receivables offset decreases receivables lending commitments $ 2. billion. billion.\n related january 1 2010 accounting guidance $ 17. 7 billion lending commitments-seller consolidation.\n $ 15. billion wholesale loans january.\n commitments loans increased $ 16. billion $ 8. billion client activity.\n increase loans $ 3. billion loan portfolio third quarter 2010.\n increase $ 16. billion receivables increased client activity prime services.\n.\n loans retained\n loans held-for-sale\n fair value\n2013 227633 204175 6006 6904\n receivables 80481 80210 529\n 32541 15745 2014\n purchased receivables 391 2927\n wholesale credit assets 341046 303057 6040 7433\n lending commitments 346079 1005 1577\n wholesale credit exposure 687125 650212 7045 9010\n credit derivative hedges -23108 -48376\n liquid securities cash collateral derivatives -15519\n hedges 23108 securities collateral margin loans retail brokerage customers accrued interest balance sheets.\n ownership interest cash flows receivables transferred third-party seller bankruptcy-remote entity.\n nonperforming unfunded commitments risk.\n protection purchased single-name portfolio credit derivatives qualify hedge accounting.\n.\ncredit derivatives pages 126 2013128 note 6 191 2013199 annual report.\n represents securities cash.\n excludes assets loan.\n table maturity ratings wholesale portfolio december.\n risk ratings s&p 2019s.\n value credit derivative hedges investment banks finance companies."
}
{
    "_id": "dd4ba508e",
    "title": "",
    "text": "2012 ppg annual report form 10-k.\n separation merger transaction 2013 commodity chemicals merger eagle spinco. georgia gulf tax trust transaction.\n eagle spinco wholly subsidiary georgia gulf.\n merger exchange offer.\n combined company axiall corporation.\n ppg no ownership axiall.\n ruling revenue transaction tax free.\n 35249104 shares eagle spinco common stock ppg common stock.\n eagle spinco common stock converted share axiall common stock.\n ppg shareholders. shares axiall.\n maximum 10825227 shares reduced outstanding shares 7% 7 %.\n received $ 900 million cash. 2 million shares axiall common stock value $ 1. 8 billion january 25 2013 distributed ppg shareholders.\ncash subject to post-closing adjustment working capital adjustment.\n ppg transferred environmental remediation liabilities defined benefit pension plan assets post-employment benefit liabilities chemicals axiall.\n gain excess cash proceeds cost ppg shares for 35. 2 million shares axiall common stock.\n transaction net partial settlement loss termination defined benefit pension liabilities post-retirement benefit liabilities.\n company incurred $ 21 million pretax expense professional services.\n additional expenses incurred 2013.\n ppg results commodity chemicals business january 2013 net gain results discontinued operations quarter march 31 2013.\n reclassified discontinued operations.\n net sales income years 2011 2010.\n net sales $ 1700\n income before taxes $ 368\nbefore taxes 2010 $ 4 million lower $ 6 million $ 2 million lower earnings ppg commodity chemicals.\n differences gains losses expenses chlor-alkali derivatives not reported chemicals earnings.\n"
}
{
    "_id": "dd4c352f6",
    "title": "",
    "text": "contents financial statements american airlines.\n certificate incorporation transfer restrictions stockholders.\n ownership change no assurance change.\n attached exhibit 3. report form 8-k december 9 2013.\n reorganization items revenues expenses fees gains losses provisions 11.\n table summarizes reorganization items consolidated statement operations december 31 2013.\n labor-related claim $ 1733\n aircraft facility financing renegotiations rejections 320\n fair value conversion discount 218\n professional fees 199\n reorganization items $ 2640\n employees contributions reorganization reductions pay benefits employee deemed claim equity reorganized entity.\n cost savings reductions pay work rule changes.\n total value approximately $ 1. 7 billion.\namounts include allowed estimated rejection modification financings aircraft entry orders unsecured facility agreements bonds.\n debtors recorded estimated claim rejection motion filed estimate claim.\n debtors agreed allow post-petition unsecured claims obligations.\n year 31 2013 american recorded reorganization charges amounts rejected facility revenue bonds $ 180 million unsecured claims 1990 1994 bonds improvements john f.\n kennedy international airport rejected bonds chicago 2019hare international airport.\n plan allowed unsecured creditors conversion discount 3. 5%.\n american recorded fair value discount confirmation bankruptcy."
}
{
    "_id": "dd4c52716",
    "title": "",
    "text": "/27/13 materials.\n s&p 500 semiconductor composite 2019s common equity purchases common stock traded nasdaq global market.\n december 7 2018 2854 holders.\n five-year return stock october 27 2013 28 2018.\n compared return standard poor 2019s 500 stock index semiconductor composite index.\n $ 100 invested 27 2013 stock reinvestment dividends.\n.\n past performance future performance.\n 5 year cumulative return materials. s&p 500 index semiconductor composite index $ 100 invested 10/27/13/31/13 reinvestment dividends.\n.\n s&p.\n.\n 10/27/2013/26/2014 10/25/2015 10/30/2016/29/2017/28/2018\n. 121. 171. 343.\n s&p 500 index.117. 27 123. 37 159. 171.\n. 126. 154. 29 221."
}
{
    "_id": "dd4b8b03a",
    "title": "",
    "text": "february 2008 issued $ 300. million 8. 375%. redeemable preferred shares.\n financial ratios covenants.\n december 31 2007.\n real estate liquidity.\n prices portfolio sale proceeds.\n 2022 property investments recurring leasing costs dividends distributions long-term debt maturities contractual obligations evaluate development acquisition market supply long-term growth potential.\n leasing expenditures real estate.\n summary recurring capital expenditures december 31 2007 2006 2005.\n tenant improvements $ 45296 $ 41895 $ 60633\n leasing costs\n building improvements\n $ 85936 $\n dividends distributions qualify federal income tax distribute 90% taxable income shareholders.\n paid dividends per share $ 1. 91 $ 1. 89 $.2007 2006 2005.\n paid dividend $ 1. 05 share 2005 industrial portfolio sale.\n earnings reit status.\n distributions subject cash financial condition capital requirements.\n 2007 $ 4. 3 billion interest rate. 74%. 2028.\n $ 3. 2 billion unsecured notes $ 546. million unsecured lines credit $ 524. 4 million secured debt.\n maturities $ 249. million $ 146. 4 million transferred unconsolidated subsidiaries."
}
{
    "_id": "dd4c1cf30",
    "title": "",
    "text": "less than one year.\n company offers twelve-month warranty.\n policy replacement defective products.\n.\n transaction price reflects expectations consideration fixed variable amounts.\n fixed direct customers distributors.\n variable consideration sales unknown.\n credits price protection sales rights return stock rotation.\n price protection discounts margin decrease.\n rotation allows returns reduce slow-moving discontinued obsolete product inventory.\n liability distributor credits consideration based historical experience rates economic conditions contractual terms.\n distributor activity consistent with provisions estimates.\n 2019 2018 sales distributors were $ 3. 4 billion net variable consideration liability balances $ 227. 0 million $ 144. 9 million.\n receivable unconditional right receive consideration.\n payments due within 30 to 45 days invoicing significant financing component.\n no material impairment losses accounts receivable.\nno material contract assets liabilities on consolidated balance sheets.\n company warrants products meet specifications repair replace defective products for twelve-months from title.\n accruals recorded for product warranty issues.\n expenses during 2019 2018 2017 not material.\n.\n accumulated income includes transactions reported consolidated statement shareholders 2019.\n components at november 2 2019 3 2018 foreign currency translation adjustment unrealized gains securities derivatives pension plans.\n adjustment\n november 3 2018 $ -28711 ( -14355 -15364 -58440\n loss income before reclassifications -1365 -140728 -31082 -173165\n reclassified loss 2014\n tax effects 27883\n income -1365 -103660 -24344 -129359\nnovember 2 2019 -30076 2014 -118015 118015 -39708 39708 -187799 187799\n 30076 2014 118015 39708 187799 analog devices.\n financial statements 2014"
}
{
    "_id": "dd4b87214",
    "title": "",
    "text": "tax returns 2001 open examination.\n unrecognized tax benefits change next 12 months.\n.\n management compensation plans april 2009 company approved global incentive plan replaces 2004 stock incentive plan.\n 2009 incentive plan enables compensation committee award incentive nonqualified stock options stock appreciation rights shares common stock restricted stock units incentive bonuses paid cash stock performance-based vesting award provisions incentive employees non-management directors service providers.\n 2009 gip grant participate dividends equivalents.\n maximum shares issued 2009 5350000 shares plus shares common stock available issuance 2004 stock incentive plan not including outstanding awards awards 2004.\n december 31  2010 total shares available outstanding awards.\n 2009 global incentive plan 2322450 2530454\n2004 stock incentive plan\n termination participant employment death disability cause equal to value multiplied by fraction x months between grant date termination y term award rounded to nearest whole number reduced by value payable to participant.\n termination employment unvested portion forfeited cancelled without.\n $ 19 million $ 0 million tax benefit from stock option exercises vesting 2010 2009.\n reversed $ 8 million of 19 million tax benefit.\n deferred compensation 2007 participants plan revised program cash awards restricted stock units.\n company expensed $ 9 million $ 10 million $ 8 million payments $ 4 million participants $ 28 million to active employees.\n $ 1 million remains paid 2011 revised program.\n no deferred compensation payable 2004 deferred compensation plan.\ncompany recorded expense participants 2004 deferred d77691 132000000 18:22 valid graphics color"
}
{
    "_id": "dd4c4a82c",
    "title": "",
    "text": "table provides information may 31 2014 shares company common stock issued under equity compensation plans.\n more information see note 11 consolidated financial statements.\n plan category number securities issued options warrants rights exercise price future issuance approved 766801 40. 85 8945694 not approved.\n plan category number securities issued weighted-average exerciseprice issuance\n plans approved 766801. 8945694\n not\n 766801. 8945694\n information table includes shares common stock issuance option warrant under employee stock purchase plan 2011 incentive plan.\n 977296 shares 2005 incentive plan 584004 shares 2000 long-term incentive plan.\n intend issue shares under 2005 2000.\n13 2014 relationships transactions director independence incorporate transactions affiliates independence directors headings independence proxy statement 2014 annual meeting shareholders.\n item 14 2014principal accounting fees services incorporate heading reappointment auditors proxy statement 2014 annual meeting."
}
{
    "_id": "dd4c2843e",
    "title": "",
    "text": "property strategy investment in industrial properties markets on-campus hospital medical properties.\n evaluate development acquisition opportunities market outlook economic conditions supply growth potential.\n future investments identifying acquisition development opportunities access liquidity issuances debt equity securities generating cash flow disposing properties.\n leasing/capital tenant improvements lease-related costs first generation expenditures.\n \"development real estate investments lease-related costs deferred leasing costs. construction building shell site improvements.\n tenant improvements leasing costs rental space second generation expenditures.\n building improvements second generation expenditures.\n liquidity second generation leasing/capital expenditures.\n table summarizes second generation capital expenditures by other deferred leasing costs.\n 2016 2015 2014\n\n generation tenant improvements $ 24622 $ 28681 $ 51699\n leasing costs 27029 24471 37898\n building improvements 7698 9224\n capital expenditures $ 59349 $ 61900 98821\n real estate investments $ 401442 $ 370466 446722\n deferred leasing costs $ $ 30790 31503\n expenditures lower 2016 2015 office properties intensive.\n wholly owned properties cost $ 713. 1 million 2016 $ 599. million $ 470. 2 million 2015 2014.\n expenditures.\n capitalized $ 24. 21. 7 million 23. 9 million leasing.\n $ 25. 9 million $ 23. 8 million 28. million.\n costs 33. 5%. 29. 4%. overhead costs.\ndiscussion capitalization overhead costs comparisons expenses accounting policies."
}
{
    "_id": "dd4b8e3ac",
    "title": "",
    "text": "table summarizes changes company valuation allowance.\n balance january 1 2010 $ 25621\n increases 907\n decreases\n balance december 31 2010 $ 23788\n increases 1525\n decreases -3734\n balance december 31 2011 $ 21579\n increases\n decreases\n balance december 31 2012 $ 19520\n maintains noncontributory defined benefit pension plans.\n based years service.\n plans closed hired 2006.\n employees 2001 accrued benefit frozen receive sum retirement.\n non-union 2006. 25%. base pay contribution.\n multiemployer plan.\n minimum employee retirement income security act 1974 restrictions pension protection act 2006.\n increase contributions tax.\n assets invested investments equity mutual funds fixed income securities guaranteed interest contracts insurance.\npension expense deferred by subsidiaries pending recovery rates utility services.\n company has unfunded pension plans retirement benefits.\n maintains postretirement benefit plans medical life insurance.\n plans closed for union employees january 1 2006.\n non-union 2002.\n postretirement benefit costs.\n assets invested in equity bond mutual funds fixed income securities real estate trusts emerging market funds.\n obligations dominated by active employees.\n small equities return.\n fixed income assets invested in long debt securities futures options liability."
}
{
    "_id": "dd4b91048",
    "title": "",
    "text": "2013 non-cash $ 189 million $ 167 million $ 157 million unallocated costs.\n net impact $ 122 million $ 108 million $ 101 million.\n december 31 2013 $ 132 million unrecognized compensation cost nonvested awards 1. 5 years.\n received cash stock options $ 827 million $ 440 million $ 116 million 2013 2011.\n income tax liabilities reduced $ 158 million $ 96 million $ 56 million tax benefits stock-based compensation.\n stock incentive awards options common stock appreciation rights.\n price less fair market value.\n no vested third anniversary vested less one year.\n minimum vesting period stock three years.\n shorter vesting periods.\n maximum term stock option 10 years.\n december 31 2013.4 million shares reserved issuance.\n december 31 2013. stock compensation plans.\n new shares options restrictions satisfied.\n table nonvested rsus 2013 value.\n nonvested december 31 2012 4822 $ 79. 10\n granted 1356 89. 24\n vested 79. 26\n forfeited -226 ( 226 81. 74\n nonvested december 31 2013 3859 $ 82. 42\n valued fair value common stock grant.\n employees granted shares vesting period shares not issued sell transfer no voting rights three years.\n receive dividend cash payments vesting.\n grant-date fair value equal closing market price common stock less discount delay.\n grant-date fair value forfeitures compensation expense service period.\n compensation cost three-year vesting period.\ndecember 31 2013 2012 10. 2 million $ 83. 65 20. 6 million $ 83. 15 stock options.\n five years value $ 663 million vest.\n 7. million $ 84. 37 vested 2013 four years value $ 497 million.\n 10. 1 million $ 82. 72 options 2013.\n grant employees."
}
{
    "_id": "dd496e554",
    "title": "",
    "text": "table shows impact catastrophe losses reinstatement premiums prior development loss expense ratio.\n loss expense ratio 59. 2%. 2 %. 8%. 8. 6%. 6 %\n losses reinstatement premiums. 2 7\n 4. 6%. 6 %. 9%. 9 %. 8%. 8 %\n loss portfolio transfers. 3.\n expense ratio 60. 3%. 3 % 61. 7%. 7 % 62. 7%. 7 %\n net pre-tax catastrophe losses $ 366 million 2010 $ 137 million 567 million 2009 2008.\n losses 2010 related weather events. earthquakes storms.\n losses 2009 earthquake floods. windstorm.\n losses hurricanes.\ndevelopment loss estimates loss reserves excludes losses years.\n experienced $ 503 million net development 2010.\n compares with $ 576 million $ 814 million 2009 2008.\n.\n adjusted loss expense ratio declined 2010 crop settlements non premium adjustment reduction assumed loss portfolio business.\n policy acquisition costs include commissions premium taxes underwriting.\n.\n policy acquis ition cost ratio increased.\n crop settlements commissions lower adjustment premiums reinstatement premiums.\n administrative expense ratio increased crop settlements increased costs international operations.\n lower adjustment net premiums.\n offset by higher net results third party claims administration business.\n generated $ 85 million net results $ 26 million 2009.\n increase from non-recurring sources.\npolicy acquisition cost ratio stable 2009 insurance offset final crop year settlement profit share commissions.\n administrative expenses increased due insurance new product expansion domestic retail personal lines business.\n effective income tax rate earnings jurisdictions.\n.\n rate 15 percent 2010 17 percent 24 percent 2009 2008.\n decrease 2010 due mix earnings lower tax-paying jurisdictions decrease unrecognized tax benefits settlement.\n revenue service non-taxable gain acquisition rain hail.\n 2009 reduction deferred tax valuation allowance.\n tax rate impacted by earnings catastrophe losses lower tax-paying jurisdictions.\n $ 512 million 2010 favorable adverse movements.\n ace crop business receives reports managing general agent previous crop"
}
{
    "_id": "dd4c5a20e",
    "title": "",
    "text": "table contents part ii item 5.\n common equity stockholder matters issuer purchases.\n common stock trades nasdaq market.\n closing price february 20 2013 closing price $ 39.\n 33.\n quarterly dividend fourth quarter 2009.\n 2012 2011 paid dividends $ 0. 11 $. 09 share\n december 27 2012 special dividend $ 1. 30 share.\n january 2013 quarterly cash dividend $ 0. 13 per share february 28 2013.\n future payment dividends board directors.\n business conditions financial results capital requirements regulatory restrictions.\n sales unregistered securities equity compensation plans 201cequity compensation plan item 12.\n january 1 march 31 $ 37.\n april 1 june 30.\n july 1 september 30.\noctober 1 december 31 35. 29.\n january 1 march 24. 19.\n april june 30 25. 21.\n july 30. 23.\n october 31. 24."
}
{
    "_id": "dd4b951e8",
    "title": "",
    "text": ".\n management financial condition results operations international energy company operations. canada africa middle east europe.\n operations three segments 2022 e&p explores produces markets liquid hydrocarbons natural gas.\n 2022 osm mines extracts transports bitumen oil sands alberta canada upgrades synthetic crude oil vacuum gas oil.\n 2022 ig produces markets products natural gas.\n forward- looking statements trends business.\n future outcomes.\n cautionary language factors outcomes.\n additional risk factors item 1a.\n risk factors annual report form 10-k.\n financial condition 1.\n.\n 8.\n financial statements data.\n spin-off downstream business june 30 2011 two independent energy companies marathon oil mpc.\nstockholders june 27 2011 received one mpc common stock two shares.\n tax ruling june 2011 tax-free spin-off.\n downstream business discontinued 2011 2010.\n 2013 note 3.\n 2013 market conditions exploration production prices crude oil natural gas impact revenues cash flows.\n table lists crude oil natural gas price averages past three years.\n 2012 2011 2010\n crude oil bbl $ 94. $ 95. $.\n crude oil $ 111. $\n natural gas $.\n.\n prices crude oil volatile averages 2012 2011.\n crude prices increased 2010 averages.\n quality hydrocarbon production mix.\n.\n 2012 2011 2010.\n crude oil condensate production averaged 37 58 percent 68 percent.\nsour crude sulfur heavier refining costly lower value lower quality sells discount wti.\n.\n crude production onshore gulf mexico.\n crude oil.\n gulf coast priced premium wti louisiana light sweet benchmark inland areas discount wti.\n 10 7 percent 6 percent.\n hydrocarbon sales 2011.\n sales increased.\n unconventional liquids-rich plays."
}
{
    "_id": "dd4ba1024",
    "title": "",
    "text": ".\n methods estimated value ipr&d acquired.\n utilized method probability weighting future net cash sales revenues costs.\n market size patent protection historical pricing industry trends.\n discounted present value rate.\n analysis project independently.\n.\n acquired ipr&d assets $ 4. 71 billion $ 340. 5 million 2008 2007 expensed alternative future use.\n ongoing activities not material research development expenses.\n products development.\n ipr&d $ 122. million $ 405. million 2008 2007 charge income.\n shares systems.\n biopharma oncology care total purchase price $ 6. 5 billion borrowings.\n combination targeted therapies oncolytic agents clinical development.\n expands bio- technology capabilities.\n accounted business combination purchase goodwill $ 419. 5 million.\ngoodwill deductible tax.\n determining fair values assets.\n purchase price allocated value assets acquired liabilities assumed acquisition.\n determination no one year from acquisition.\n differences nancial results.\n estimated fair value november 24 2008.\n cash short-term investments $ 982.\n inventories 136.\n technology 1057.\n goodwill 419.\n property equipment 339.\n debt -600.\n deferred taxes -315.\n income -127.\n assets liabilities -72.\n-process research development 4685.\n purchase price $ 6506.\n asset amortized through 2023.\n 2018.\n estimated fair value ipr&d oncology-related products $ 1. 33 billion extensions.\n 81 percent remaining value two compounds phase iii one ii cancers.\n discount rate 13.5 percent ipr&d $ 4. 69 billion quarter 2008 not deductible tax.\n results"
}
{
    "_id": "dd4bb32d8",
    "title": "",
    "text": ".\n headquarters danvers massachusetts.\n encompasses.\n operations research development manufacturing sales marketing administrative departments.\n 2017 acquired headquarters $ 16. million terminated lease.\n future lease payments march 31 2018 fiscal years leases.\n 2020\n 2021\n 2022 1408\n 2023\n february 2017 lease 21603 square feet office space danvers expires july 31 2022.\n december 2017 august 31 2025 6607 square feet rent june 1 2018.\n right offer purchase january 1 2018 august 31 2035.\n march 2018 11269 square feet rent june 1 2018 august 31 2025.\n annual rent expense $ 0. 4 million.\n 2016 lease agreement berlin germany 2017 expires may 2024.\nannual rent expense estimated $. 3 million.\n october 2016 company lease agreement office tokyokk japan expires september 2021.\n office houses administrative regulatory training personnel commercial launch.\n annual rent expense estimated $ 0. 9 million.\n april 2014 exclusive license agreement optical sensor technologies cardio-circulatory assist devices.\n payments $ 6. million.\n march 31 2018 made $ 3. 5 million milestones payments $ 1. 5 million upfront payment.\n future amounts uncertainty.\n involved legal administrative proceedings claims.\n claimants seek damages relief expenditures.\n records liability financial statements loss.\n reviews estimates adjusts loss.\n discloses loss.\n not not recorded."
}
{
    "_id": "dd4be1e9e",
    "title": "",
    "text": "digital media business websites mobile video-on-demand services.\n websites include discovery. tlc. animalplanet. howstuffworks. treehugger. petfinder.\n attracted 24 million monthly visitors comscore.\n 2011.\n international networks national pan-regional television networks.\n generates revenues from fees operators cable dth satellite advertising.\n discovery channel animal planet tlc lead distributed every pay-television market operational centers london singapore miami.\n largest distribution 200 countries.\n december 31 2011 operated over 150 feeds 40 languages customized language.\n owns operates television networks 2011 education curriculum-based product service postproduction audio services.\n revenues from subscriptions k-12 schools online curriculum-based tools professional development services student hardcopy curriculum content.\neducation business participates corporate partnerships global brand content licensing with non-profits foundations trade associations.\n businesses include postproduction audio services to motion picture studios independent producers broadcast networks cable channels advertising agencies interactive producers.\n content strategy viewership innovation quality leadership value for network distributors advertising customers.\n content sourced from third-party producers nonfiction production companies independent producers.\n production arrangements categories produced coproduced licensed.\n produced content includes third parties retain editorial control rights costs.\n coproduced content program rights.\n high-cost projects international broadcast partner.\n licensed content films produced by third parties.\n.\n animal planet discovery kids\n time travel\n science quest\n home health history\n world espanol.\n famillia..|\n services 17|"
}
{
    "_id": "dd4bee874",
    "title": "",
    "text": "devon energy subsidiaries financial statements 2013 debt maturities december 31 excluding premiums discounts millions.\n 2014 $ 4067\n 2015\n 2016 500\n 2017 750\n 2018 125\n 2019 6600\n $ 12042\n $ 3. billion syndicated unsecured revolving line credit matures october 24 2018.\n extend maturity one-year period approval lenders.\n facility interest fixed rate options twelve months.\n.\n borrow prime rate.\n annual facility fee $ 3. million payable quarterly.\n december 31 2013 no borrowings.\n financial covenant.\n total funded debt capitalization no greater 65 percent.\n adjustments.\n noncash write-downs.\n debt-to- capitalization ratio 25. percent.\n $ 3. billion short-term credit program.\ncommercial paper debt maturity 1 90 days 365 days interest rates agreed.\n based federal funds libor money market rate.\n december 31 2013 devon average borrowing rate 0. 30 percent.\n december 31 2013.\n geosouthern 2013 devon issued $ 2. 25 billion fixed floating rate senior notes cash proceeds"
}
{
    "_id": "dd4ba48a0",
    "title": "",
    "text": "table summarizes credit instruments at december 31.\n third parties.\n millions 2007\n indemnified securities financing $ 324590 $\n liquidity asset purchase agreements 28800\n unfunded commitments extend credit\n standby letters credit\n 81% unfunded commitments expire year.\n represent future cash requirements.\n securities finance securities brokers.\n indemnify fair market value failure.\n collateral funds held not recorded consolidated statement.\n borrowers provide collateral 100% fair market value.\n securities revalued daily.\n.\n government securities value $ 333. billion $ 572. 93 billion collateral indemnified securities at december 31 2008 2007.\n collateral invested.\n third-party repurchase agreements against loss.\nrequire repurchase agreement counterparty provide collateral equal 100%.\n collateral not recorded consolidated statement condition.\n $ 333. 07 billion 2008 $ 572. 93 billion 2007 68. 37 billion $ 106. 13 billion invested repurchase agreements.\n cash securities value $ 71. 87 billion $ 111. 02 billion collateral investments.\n asset-backed commercial paper program provide liquidity credit enhancement asset-backed paper program.\n supported liquidity asset purchase agreements back-up liquidity lines of credit majority provided.\n provide direct credit support standby letters of credit.\n commitments totaled $ 23. 59 billion 2008.\n standby letters totaled $ 1. billion.\n customers filed litigation claims strategies.\n investment losses strategies sub-prime investments.\n2007 established reserve $ 625 million under-performance fixed-income strategies ssga concerns 2019 investment.\n impacted , lack liquidity"
}
{
    "_id": "dd4b8b896",
    "title": "",
    "text": "11 2014executive compensation director compensation board committees 201ccompensation benefits compensation committee 2007 annual meeting september 26.\n 12 2014security ownership owners ownership common stock 2007 annual meeting.\n four compensation plans equity securities authorized issuance.\n global payments.\n-term incentive plan.\n non director stock option plan employee stock purchase plan approved holders.\n may 31  2007.\n note 8 consolidated financial statements.\n securities issued options warrants rights price securities future issuance equity compensation plans.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n equity compensation plans approved.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 2014.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 5171000 $ 25 7779000 includes shares common stock issuance option warrant 2000 non-employee director stock option plan 2005 incentive plan employee stock purchase 13 relationships transactions director independence transactions affiliates board directors board independence 2007 annual meeting shareholders september 26.\n accounting fees services 2007 annual meeting.\n securities issued outstanding options warrants rights average exercise price options warrants securities futureissuance equity compensation plans excluding\n equity compensation plans security holders 5171000 $ 25 7779000\nequity compensation plans approved security holders 2014\n 5171000 25 7779000\n item 11 2014executive compensation director compensation board committees benefits compensation committee 2007 annual meeting shareholders september 26.\n item 12 2014security ownership owners ownership common stock 2007 meeting.\n four compensation plans equity securities authorized issuance.\n global payments.\n incentive plan.\n non director stock option plan employee stock purchase plan approved security holders.\n information table may 31  2007.\n note 8 consolidated financial statements.\n securities issued outstanding options warrants rights price securities future issuance equity compensation plans.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n5171000 $ 25 7779000 equity compensation plans approved holders.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 5171000 $ 25 7779000 shares common stock option 2000 non director stock option plan 2005 incentive plan employee stock purchase relationships transactions board directors 2007 annual meeting shareholders september 26.\n accounting fees services 2007 annual meeting shareholders."
}
{
    "_id": "dd4c05646",
    "title": "",
    "text": "kimco realty subsidiaries financial statements 81. 8 million preferred units $ 1. 00 per unit return 7. 0%. per annum redeemable cash after one year six months feature net operating income. 2000 class a preferred units $ 10000 per unit return equal libor plus 2. redeemable cash after november 30 2010 2627 class b-1 preferred units $ 10000 per unit return equal 7. 0%. redeemable after november 30 2010 5673 class b-2 preferred units $ 10000 per unit return equal 7. 0%. per annum redeemable cash after november 30 2010 640001 class c downreit units $ 30. 52 per unit return equal company 2019s common stock dividend redeemable after november 30 2010 cash.\nunits redeemed december 31 2010.\n 2200000 $.\n $.\n $.\n $.\n 61804 $ 1.\n noncontrolling interest $ 110. 4 million $ 113. 1 million december 2010 2009.\n 2006 acquired shopping center properties bay shore centereach.\n noncontrolling interests $ 41. 6 million discount $ 0. 3 million fair market value adjustment $ 3. 8 million redeemable units.\n acquired $ 24. 2 million redeemable units $ 14. million fixed rate units $ 23. 4 million non-recourse debt.\n 13963 class a units value $ 1000 per unit return 5% per redeemable cash after april 2011 2016 647758 class b units $ 37.24 per unit equal common stock dividend redeemable after april 2007 cash common stock 1:1 2026.\n restricted until 2016 2026 centereach bay shore assets.\n 2007 30000 units $ 1. million redeemed cash.\n noncontrolling interest $ 40. 4 million $ 40. 3 million december 31 2010 2009.\n 138015 convertible units 2006 valued $ 5. 3 million fair market value adjustment $ 0. 3 million office building albany.\n units redeemable one year cash common stock 1:1.\n distribution equal dividend.\n restricted until january 2017."
}
{
    "_id": "dd4bec6e6",
    "title": "",
    "text": "management financial operations debt decreased $ 30. 8 million 2001 $ 22. 9 million 2002 paid $ 13. 5 million debt lower borrowings.\n paid $ 128. 5 million debt 2001.\n expense $ 500 million unsecured line credit decreased $ 1. 1 million 2002 lower balances.\n earnings rental operations decreased $ 35. million $ 254. 1 million to $ 219. 1 million 2002.\n leasing management construction development services.\n revenues decreased $ 80. 5 million to $ 68. 6 million 2002.\n slow economy.\n $ 12. 7 million general contractor revenues construction lower profit margins.\n property management leasing revenues decreased $ 22. 8 million 2001 to $ 14. 3 million 2002 decrease landscaping maintenance revenue sale.\n construction development income fees profits program.\nincrease revenues $ 10. 3 million 2002 due to sale properties.\n service operations expenses decreased from $ 45. 3 million 2001 to $ 38. 3 million 2002.\n decrease construction development activity reduced overhead costs sale landscape business.\n earnings from service operations decreased from $ 35. 1 million to $ 30. 3 million 2002.\n increased from $ 15. 6 million 2001 to $ 25. 4 million 2002.\n costs reduced construction development overhead expense.\n gain on sale land depreciable property dispositions gain sales depreciable properties rental properties.\n.\n reduced property sales program until.\n gain land sales undeveloped land.\n.\n recorded $ 9. 4 million adjustment 2002 six properties book value.\n no additional valuation adjustments december 31 2002.\n adjustment $ 4.million 2001 property less book value.\n revenue 31 2002 1. 4 million gain interest rate swap hedge accounting.\n gain depreciable properties $ 4491 45428\n land sales 4478\n adjustment -4800\n 45708"
}
{
    "_id": "dd4ba4792",
    "title": "",
    "text": "doubtful accounts.\n 2010 2008\n balance year $ 160 $ 133 $ 86\n 54 65\n written off -13\n end year $ 185 $ 160 $ 133\n discontinued operations fourth quarter 2009 schlumberger net $ 22 million charge customs assessment drilling contingencies businesses.\n consolidated statement.\n first quarter 2008 gain $ 38 million resolution contingency business.\n consolidated statement.\n"
}
{
    "_id": "dd4ba9a94",
    "title": "",
    "text": "biomet holdings.\n 2015 repurchased $ 415. million shares common stock $ 250. million stockholders 10 2016.\n expect cash outlays integration $ 290. million 2016.\n net annual pre-tax profit $ 350. million third year-closing.\n consolidated financial statements 2015 short-term liability $ 50. million long-term liability $ 264. 6 million balance sheet.\n expect continue paying.\n payments insurance carriers.\n received insurance proceeds.\n long-term receivable $ 95. 3 million future reimbursements.\n short-term liability $ 33. million biomet metal-on-metal hip implant claims.\n ten tranches senior notes outstanding interest rate maturity.\n 500. 450% 2017\n 1150. 2018\n. 2019\n. 2020\n. 2021\n 750. 2022\n.3. 550 april 2025\n 500. 250 august 15 2035\n. 750 november 2039\n. 450 august\n issued $ 7. 65 billion senior notes 2015 cash biomet merger fees expenses debt.\n 2015 borrowed $ 3. billion.\n.\n biomet merger.\n redeem notes payment principal make-whole premium accrued unpaid interest redemption.\n merger notes 3. notes due 2021 redeemed premium six months maturity date.\n $ 4. 35 billion credit agreement 5-year unsecured.\n.\n $ 3. billion 5-year unsecured multicurrency revolving facility $ 1. 35 billion.\n may 2019 two one-year extensions.\n borrowings corporate purposes.\n no borrowings outstanding december 31 2015.\n.\nloan june 2020 principal payments 30 2015 $ 75. million first three years $ 112. 5 million fourth $ 412. 5 million fifth year.\n 2015 paid $ 500. million.\n $ 2. 5 billion borrowings december 31 foreign subsidiaries borrowers.\n borrowings interest floating rates currency alternate base rate fixed rate competitive bid.\n covenants events default limitations consolidations mergers sales.\n indebtedness ebitda ratio 5. to 1. june 24 2016 4. to.\n credit rating investment grade restrictions investments dividends.\n covenants december 2015.\n commitments subject fees.\n fee rating.\n japan term loan agreement 11. 7 billion yen may 31  2018.\n borrowings interest fixed rate 0. 61 percent per annum until maturity.\n credit facilities $ 35. 8 million.\n place cash equivalents-rated institutions limit credit exposure.\n invest high-quality instruments.\n short long-term debt securities $ 273. 1 million.\n issuers no concentration risk single issuer.\n rated risk default low."
}
{
    "_id": "dd4bcc1f2",
    "title": "",
    "text": "operating expenses millions 2012.\n compensation benefits $ 4685 $ 4681 4314 9% 9\n fuel 3608 3581 2486\n services materials 2143 1836\n depreciation 1760 1617 1487\n equipment rents 1197 1167 1142\n 788 782 719\n $ 14181 $ 13833 $ 11984 3% 3 % %\n operating expenses increased 348 million 2012 2011.\n depreciation inflation fuel prices volume trucking services.\n efficiency gains savings 38 million weather expenses.\n increased $. billion 2011.\n fuel price per gallon 36% $ 922 million.\n wage inflation volume costs depreciation property taxes.\n increased $ 20 million flooding $ 18 million heat drought.\nsavings productivity resource utilization offset increases.\n $ 45 million payment csx intermodal increased operating expenses 2010.\n compensation benefits wages payroll taxes health welfare pension postretirement benefits incentive costs.\n expenses 2012 flat versus 2011 operational improvements cost reductions offset wage inflation higher pension benefits.\n weather costs increased expenses.\n inflation higher training costs crew costs flooding higher pension expense increase.\n locomotive fuel gasoline.\n higher diesel fuel prices. increased expenses $ 105 million.\n volume decreased 2% expense.\n fuel consumption rate flat.\n higher diesel fuel prices. increased expenses $ 922 million.\n higher gasoline prices increased.\n 5% expense $ 122 million.\nservices 2013 expense contractors providers equipment 2012 operating expenses"
}
{
    "_id": "dd4bd9096",
    "title": "",
    "text": "12/07 12/08 12/09 12/10 12/11\n fidelity national information services. 100. 70. 101. 120. 117. 157. 38\n 100. 63. 79. 91. 93. 108. 59\n data processing 100. 68. 99. 97. 118. 151.\n. 99. 97. 118. 151.\n financial.\n historical data 7 financial condition results operations 8 financial statements supplementary data.\n october 1 2009 acquisition metavante technologies.\n.\n financial position consolidated financial statements.\n july 2 2008 spin-off lender processing services. former wholly-owned subsidiary.\n results discontinued operations.\n prior periods 2008 discontinued."
}
{
    "_id": "dd4970944",
    "title": "",
    "text": "item 5.\n market common equity issuer purchases table quarterly high low share sale prices common stock new york stock exchange 2010 2009.\n march 31 $ 44. $ 40.\n june 30.\n september 30.\n december 31.\n march 31 $ 32. $ 25.\n june 30.\n september 30 37. 29\n december 31.\n february 11 2011 closing price common stock $ 56. per share.\n 397612895 outstanding shares 463 registered holders.\n paid dividend.\n future earnings financial condition restrictions law loan agreements debt service requirements capital expenditure requirements status.\n loan agreement revolving credit facility loan dividends covenants.\nrestrictions revolving credit term loan securitization item 7 annual report 201cmanagement financial condition results operations capital resources liquidity note 6 consolidated financial statements."
}
{
    "_id": "dd496fc06",
    "title": "",
    "text": "stockholder return compares 5-year return common stock nasdaq composite s&p 400 information technology index.\n assumes investment common stock index dividends $ 100 december 29 2007 2012.\n 5 year return cadence design systems. nasdaq composite index s&p 400 technology.\n$ 100 invested 12/29/07 index dividends.\n month-end.\n division mcgraw-hill companies.\n.\n 12/29/2007 1/3/2009 1/2/2010 1/1/2011 12/31/2011 12/29/2012\n cadence design systems.\n nasdaq composite.\n s&p 400 technology.\n stock price performance not indicative future price performance"
}
{
    "_id": "dd4bc9bbe",
    "title": "",
    "text": "expense decreased $ 6. 2 million 50. 0%. 2004 2003.\n due disposal transfer facility closure $ 3. million reduced legal charges $ 1. 5 million expenses $ 1. 4 million.\n decreased 2004 $ 92. 2 million 75. 7%. from 2003.\n $ 73. 3 million expenses debt refinancing 2003.\n. $ 55. million premiums notes $ 17. 4 million non-cash charge deferred financing fees credit facility.\n. interest expense $ 18. 9 million lower 2003 lower interest rates refinancing lower debt levels.\n effective tax rate 38. 0%. 2004 42. 3%. 2003.\n higher tax rate 2003 due stable permanent items lower book income.\n 2004 2003 tax rates higher 35. state income taxes.\n 2003 historical results operations.\n\n sales $ 1735. 5 $ 1735. 9. 4.\n before interest taxes $ 96. 9 $ 145. 3 -48. 4 48.\n -121. 8 121. -67. 7. -54. 54.\n before taxes -24. 9. 77. 6 -102. 5.\n taxes 10. 4 29. 39. 9\n. 4 14. $ 48. 2 -62. 6 62.\n sales decreased $. 4 million. 2003.\n increased improved volumes offset lower prices.\n corrugated products volume increased 2. 1%. 28. billion square feet 2003. 2002.\n increased. 7%. 2003.\n.\n 2003 more workday 252.\n containerboard sales volume decreased 6. 7%. 445000 tons 31 2003 477000 tons.\n before decreased $ 48.4 million 33. 3%. year 2003 2002.\n taxes twelve"
}
{
    "_id": "dd4bd3894",
    "title": "",
    "text": "valuation techniques 2013 cash equivalents short-term-market instruments valued at cost fair value.\n.\n level 1 traded exchanges valued closing prices last trading day year.\n.\n trustee obtains quotes pricing vendor broker investment manager.\n categorized level 2 quotes level 3 quotes.\n equity funds level 1 traded exchanges valued closing prices last trading day year.\n obtains quotes pricing vendor broker investment.\n 2.\n investments level 2 valued models market data. interest rates yield curves bids quoted prices.\n level 3.\n trustee obtains pricing indicative quotes bid evaluations vendors brokers investment.\n investments level 3 valued discounted cash flow approach.\n inputs projected annuity payments discount rate.\ncommingled equity funds valued using nav.\n based on underlying investments redeemable 90 days.\n private equity funds partnership co-investment.\n based on valuation underlying securities unobservable inputs.\n redemption periods eight 12 years.\n real estate funds partnerships closed-end funds nav based on valuation models appraisals.\n redemption periods eight 10 years.\n hedge funds based on underlying investments.\n redemptions based specific terms month to months.\n funding benefit pension plans determined erisa code.\n $ 5. 0 billion 2018.\n 2019.\n estimated future benefit payments december 31 2018.\n defined benefit pension plans $ 2350 2390 2470 2610 13670\n retiree medical life insurance plans 170\n401 k ) employees.\n match 2019 contributions.\n contributions $ 658 million 2018 $ 613 million 2017 617 million 2016 funded common stock.\n 33. 3 million 35. 5 million shares common stock 2017."
}
{
    "_id": "dd4b8e2a8",
    "title": "",
    "text": "foods sales increased $ 303 million 5% to $ 6. 8 billion.\n increase three points improved net pricing product mix two higher volumes.\n priority investment brands.\n product recalls offset improvements.\n implemented price increases foods products fourth quarter 2008.\n sales improvements expected into 2009.\n sales brands chef david egg beaters healthy choice hebrew grew 2008.\n sales act ii andy capp banquet kid cuisine parkay pemmican reddi-wip slim jim declined 2008.\n sales.\n initiated peanut butter recall reintroduced peter pan 2007.\n sales 2008 $ 14 million lower than 2007.\n impacted by recall banquet ae private label pot pies 2008.\nsales pot pies lower $ 22 million 2008 due returns lost sales.\n sales alexia foods lincoln snacks $ 66 million.\n divested refrigerated pizza business.\n sales $ 17 million food ingredients sales $ 4. 1 billion increase $ 706 million 21% 21 %.\n sales higher prices increases potato vegetable operations.\n 2007 divestiture oat milling sales $ 27 million offset increased sales $ 18 million acquisition watts brothers.\n international foods sales increased $ 65 million $ 678 million.\n strengthening foreign currencies.\n $ 36 million.\n 5% ( 5 % increase sales volume increased sales canada mexico increases net pricing.\n.\n foods 1802 1923\n ingredients 23% 23 %\n international foods 6%\n 2716 1%\n gross profit 2008 $ 2.7 billion $ 23 million 1%.\n driven food ingredients higher margins offset reduced profits consumer foods.\n restructuring reduced profit $ 4 million $ 46 million 2008 2007."
}
{
    "_id": "dd4bc1842",
    "title": "",
    "text": "entergy corporation subsidiaries financial plants assets.\n note 14 financial statements.\n entergy louisiana gulf business combination 2015 deferred tax asset increase $ million regulatory liability $ 107 million $ 66 million net-of-tax customer credits settlement.\n note 2 financial statements.\n sale 583 mw rhode island energy center gain $ 154 million $ 100 million net-of-tax $ 77 million $ 47 million net-tax write-off regulatory charges waterford 3 steam generator project.\n note 14 center sale.\n 2 waterford 3.\n revenue 2016 2015.\n.\n 2015 net revenue $ 5829\n retail electric price\n louisiana customer credits\n financing savings obligation\n 2016 net revenue $ 6179\n price variance base rates entergy arkansas.\nnew rates effective february 24 2016 first cycle.\n increase interim base rate adjustment surcharge incremental revenue requirement february 24 march 31 2016.\n purchase power block 2 union increase power capacity acquisition cost recovery entergy new orleans power block 1 increase formula rate plan revenues entergy louisiana first-year revenue power blocks 3 4 increase entergy mississippi cycle july 2016 storm damage rider.\n note 2 financial statements rate proceedings.\n note 14 union power station purchase.\n louisiana business regulatory liability $ 107 million october 2015"
}
{
    "_id": "dd4bacda2",
    "title": "",
    "text": "contents ii item 8 schlumberger. netherlands antilles subsidiary companies common stock treasury.\n balance january 1 2001 667085793 -94361099\n stock purchase plan 1752833\n shares directors 4800\n optionees\n december 31 2001 667094178 -91203780 575890398\n 2677842\n shares directors 3500\n optionees\n acquisition technoguide 1347485\n december 31 2002 -84931553 582173115\n 2464088\n shares directors\n optionees\n balance december 31 2003 -81157660\n consolidated financial statements 2003"
}
{
    "_id": "dd4b8bf1c",
    "title": "",
    "text": "management financial condition results investment portfolio december 31 2014 2013 note 3 consolidated financial statements.\n loans leases averaged $. 91 billion 2014 $. 78 billion 2013.\n increase related mutual fund lending senior secured bank loans.\n averaged $ 9. 12 billion $ 1. 40 billion 2014 $. 16 billion $ 170 million 2013.\n loans leases include short duration advances.\n table 13.\n.\n advances.\n 2014 2013 2012\n. $ 2355 2356\n.\n 3867 3749\n loans leases 24% 24 % 27% 27 % 29% 29 %\n.\n.\n loans leases 24% 24 % 27% 29 % decline due growth loan lease portfolio.\nshort-duration advances provide liquidity investment.\n 2014 increased low higher liquidity.\n interest-earning assets increased $ 15. 94 billion from $. 16 billion 2013.\n higher cash collateral enhanced custody business.\n interest-bearing deposits increased $ 130. 30 billion from $ 109. 25 billion 2013.\n.\n.\n accounts time deposits.\n influenced by asset servicing business market conditions.\n.\n.\n short-term borrowings increased $ 4. 18 billion 2014 from $ 3. 79 billion 2013.\n higher client demand commercial paper.\n decline rates. to. reclassification derivative contracts reduced revenue expense.\n long-term debt increased $ 9. 31 billion from $ 8. 42 billion 2013.\n increase issuance $ 1. 5 billion 2013.\noffset by maturities $ 500 million senior debt may 2014 $ 250 million march 2014.\n average interest liabilities increased $ 7. 35 billion december 31 2014 from $ 6. 46 billion 2013 higher cash collateral enhanced custody business.\n factors affect future net interest revenue margin client liabilities central banks.\n.\n interest rates yield curves revised regulatory capital liquidity standards discount accretion securities yields earned purchased.\n proceeds pay-downs maturities highly-rated securities.\n treasury municipal federal.\n.\n.\n market conditions.\n global interest rates influence net interest revenue margin."
}
{
    "_id": "dd4b8a270",
    "title": "",
    "text": ".\n retirement defined contribution pension plan full-time shoreside employees minimum service.\n annual contributions based 2019 salaries years service not maximums.\n pension cost $ 13. 9 million $ 12. 8 million $ 12. 2 million years 2006 2005 2004.\n.\n subsidiaries exempt states corporate tax international opera ships 883.\n tax expense not significant 2006 2005 2004.\n regulations 883 published august 26 2003 effective 31 2005.\n exemption narrowed scope activities international operation.\n sale air transportation transfers excursions cruise tours.\n subject.\n regulations reduced net income 2006 2005 $ 6. 3 million $ 14. million.\n.\n estimated fair values.\n cash equivalents $ 104520 $ 125385\n long-term debt -5474988 -4368874\ncurrency contracts net loss gain 104159 -115415\n interest rate swap agreements net receivable 8456\n fuel swap net payable\n long-term debt 5474988 4368874 net loss gain 104159 115415 rate net receivable 8456 fuel payable 20456 fair values factors assumptions.\n represent values instruments include expenses sale settlement.\n instruments not trading speculative.\n exposure currency contracts limited cost replacing contracts non-performance counterparties.\n select counterparties credit risks limit exposure.\n foreign currency contracts denominated primary currencies.\n cash equivalents approximate fair values short maturity.\n long-term values senior notes debentures esti mated quoted market prices.\n values other debt estimated discounted cash flow analyses market rates.\n currency current market prices.\nmarket risk for fluctuations foreign currency exchange rates relates six ship construction contracts transactions.\n use foreign currency forward contracts mitigate.\n 2006 foreign currency forward contracts $ 3. 8 billion maturing through 2009.\n contracts six ship contracts net unrealized gain $ 106. 3 mil lion.\n three ship contracts net loss $ 103. 4 million.\n other contract loss $ 7. 8 million.\n 11% aggregate cost ships exposed to fluctuations euro exchange rate.\n.\n notes consolidated financial statements_financials. 6/7/07 pm page"
}
{
    "_id": "dd4b8a9b4",
    "title": "",
    "text": "leveraged performance units may 31 2015 executives granted. market condition stock price growth three-year period.\n minimum threshold performance not no payout.\n maximum award opportunity fixed dollar number shares.\n three-year concluded october 2017 one-third earned units converted unrestricted common stock.\n two-thirds converted restricted stock installments first two anniversaries conversion.\n share-based compensation expense grant date fair value monte carlo model.\n table summarizes changes unvested restricted stock performance awards year december 31 2017 2016 fiscal transition period may 31 2016 2015 weighted-average grant-date fair value.\n may 31 2014.\n granted.\n.\n forfeited.\n 2015.\n granted.\n.\n forfeited.\n.\n.\n-639 31. 38\n forfeited 52 45. 27\n unvested december 31 2016 1263 49. 55\n granted 899 79.\n -858 858 39. 26\n forfeited -78 59. 56\n unvested 31 2017 1226 78.\n restricted stock awards $ 33. 7 million 2017 20. million 2016 17. 15. 2016 2015.\n compensation expense $ 35. 2 million 2017 17. 2 million 2016 28. 8 19. million 2016 2015.\n $ 46. 1 million unrecognized compensation expense. 8 years.\n accelerated vesting.\n price 100% fair market value common stock ten years.\n 31 2015 equal installments four anniversaries.\n.\n accelerated vesting.\n.\n 10-k annual report 2013"
}
{
    "_id": "dd4bbb17c",
    "title": "",
    "text": "entergy louisiana financial analysis 2007 2006 net revenue operating fuel expenses gas power expenses regulatory charges.\n analysis change net revenue 2007 2006.\n.\n 2006 net revenue $ 942.\n base revenues.\n volume/weather.\n transmission revenue.\n purchased power capacity.\n.\n 2007 net revenue $ 991.\n base revenues due increases 2006 2005 formula rate plan deferred capacity costs.\n.\n volume/weather variance increased electricity usage unbilled service period.\n usage increased gwh sectors 2006.\n accounting estimates.\n transmission revenue variance higher rates.\n purchased power capacity higher charges amortization 2006.\n purchased power capacity costs offset base revenues rate increase.\n local rate regulation.\noperating revenues fuel power expenses regulatory charges $ 143. 1 million fuel cost recovery higher rates $ 78. 4 million base $ 37. 5 million volume/weather.\n power expenses net area demand deferred fuel expense higher rates.\n regulatory credits decreased deferral capacity charges 2006 amortization 2007 2006 formula rate plan.\n note 2 statements plan storm cost recovery."
}
{
    "_id": "dd4b9e7a2",
    "title": "",
    "text": "westrock company financial statements 2014.\n stockholders 2019 equity capitalization common stock.\n holders one vote per share.\n certificate incorporation authorizes preferred stock.\n terms determined board directors.\n repurchase 2015 authorized repurchase 40. million shares 15% outstanding stock.\n repurchased indefinite management.\n 2019 repurchased 2. 1 million cost $ 88. 6 million.\n 2018 repurchased 3. 4 million $ 195. 1 million.\n 2017 repurchased 1. 8 million cost $ 93. million.\n september 30 2019 authorization 19. 1 million shares.\n.\n compensation annual meeting 2016 approved westrock company 2016 incentive stock plan.\n amended restated 2 2018.\n options restricted stock units employees directors.\ntable shows number shares issuance future grant restricted awards performance maximum new grants expected adjusted for corporate actions millions.\n future if performance maximum awards amended 2016 incentive stock plan. 2004 incentive stock. 2005 performance incentive plan. rocktenn equity inventive plan. separation equity-based incentive awards adjusted maintain intrinsic value.\n unvested restricted stock awards unexercised stock options increased exchange factor 1.\n exercise price options 1.\n westrock assumed rocktenn mwv equity incentive plans.\n issued awards to employees directors 2004.\n awards converted into westrock awards combination agreement.\n smurfit-stone acquisition assumed equity incentive plan renamed rock-tenn company equity incentive plan.\nawards converted into shares rocktenn common stock options restricted stock units merger agreement.\n shares issuance future grant issued if performance achieved maximum new awards\n 2016 incentive stock plan 11.\n 2004 incentive stock plan.\n 2005 performance incentive plan 12.\n rocktenn equity plan 7.\n westrock company financial statements 2014.\n stockholders 2019 equity capitalization common stock.\n one vote per share.\n certificate incorporation authorizes preferred stock.\n determined board directors issuance.\n repurchase authorized repurchase 40. million shares common stock 15% outstanding common stock.\n repurchased indefinite management.\n 2019 repurchased 2. million shares cost $ 88. 6 million.\n 2018 repurchased 3.4 million shares common stock cost $ 195.\n fiscal 2017 repurchased 1. 8 million shares cost $ 93. million.\n september 30 2019 remaining authorization repurchase program july 2015 purchase 19. 1 million shares.\n.\n share-based compensation annual meeting february 2 2016 approved westrock company 2016 incentive stock plan.\n amended restated february 2 2018.\n granting options restricted stock sars units employees directors.\n table number shares issuance future grant performance maximum new grants adjusted corporate actions millions.\n performance maximum 2016 incentive stock plan. 2004. 2005. equity plan. equity-based incentive awards adjusted maintain intrinsic value.\n unvested restricted stock awards unexercised stock options sars separation increased exchange factor 1. 12.\nstock options sars 1.\n westrock assumed rocktenn mwv equity incentive plans.\n issued awards employees directors.\n awards converted westrock awards agreement.\n smurfit-stone acquisition assumed equity incentive plan renamed rock-tenn equity incentive plan.\n awards converted into shares rocktenn common stock options restricted stock units merger agreement."
}
{
    "_id": "dd4b8c7be",
    "title": "",
    "text": ".\n 2017 two business combinations cash $ 142. 8 million acquired $ 4. 2 million.\n purchase allocated assets acquired liabilities values.\n $ 76. 4 million assets $ 71. 5 million in-process technology $ 90. 2 million goodwill $ 19. 6 million net liabilities deferred tax.\n payments employees fourth quarter 2020.\n 2016 business combinations cash $ 42. 4 million acquired $ 1. 8 million.\n allocated assets liabilities values.\n $ 23. 6 million goodwill $ 23. 2 million intangible assets $ 2. 6 million net liabilities deferred revenue.\n payments employees quarter children less 3% nusemi inc less 2% rocketick technologies.\n.\n co-trustees.\n board directors transactions proceed.\n.\nrecused board directors 2019 valuation nusemi rocketick technologies.\n.\n no 2018.\n $ 0. 6 million $ 1. million 2017 2016.\n professional fees administrative costs expensed consolidated income statements.\n.\n changes carrying 2018 2017 carrying amount.\n balance december 31 2016 $\n acquisitions 90218\n foreign currency translation\n december 30 2017\n balance december 29 2018 $ 662272\n goodwill impairment test fair value unit exceeded assets no impairment."
}
{
    "_id": "dd4be6fe8",
    "title": "",
    "text": "consolidated financial statements 2014 reconciliation unrecognized tax benefits.\n balance october 1 2010 $ 19900\n increases prior years 935\n increases current 11334\n decreases settlements taxing\n decreases lapses statutes limitations -33\n balance september 30 2011 $ 32136\n major tax jurisdictions united states california iowa singapore canada.\n united states tax years 1998.\n california iowa 2002.\n singapore 2011.\n canada 2004.\n unrecognized tax benefits expiration statute limitations.\n accrued interest penalties.\n recognized $ 0. 5 million accrued interest penalties unrecognized tax benefits 2011.\n.\n authorized issue 525000000 shares $ 0. 25 per share 195407396 shares issued 186386197 outstanding.\n holders entitled dividends.\ndividends paid common stock unless paid declared set aside.\n liquidation dissolution holders stock entitled share rata assets after payment plus unpaid dividends.\n each holder one vote each share.\n no votes.\n certificate no holder preemptive right purchase stock.\n august 3 2010 board approved stock repurchase program repurchase $ 200. 0 million common stock market privately securities laws requirements.\n fiscal year 2011 paid $ 70. 0 million repurchase 2768045 shares common stock average $ 25. 30 per share.\n $ 130. 0 million remained repurchase program.\n page 110 skyworks annual report 2011"
}
{
    "_id": "dd4be38b6",
    "title": "",
    "text": "devon energy subsidiaries financial statements 2013 december 31 2014 2013.\n geosouthern debt 2013 geosouthern acquisition issued $ 2. 25 billion fixed floating rate notes cash proceeds $ 2. billion net discounts issuance costs.\n notes 2015 three-month libor. 45 percent quarterly.\n 2016 three-month libor. 54 percent quarterly.\n schedule terms.\n floating rate december 15 2015 $ 500\n 2016\n. 20%.\n. 25%.\n proceeds $ 2248\n. $ 650 million note 2016 redeemed november 13 2014.\n short-term debt balance sheet december 31 2013 redemption geosouthern acquisition 30 2014.\n geosouthern acquisition notes long-term debt.\n 2013 devon term loan agreement financial institutions $ 2.geosouthern acquisition costs.\n devon drew $ 2. billion loans geosouthern repaid june 30 canadian divestiture proceeds.\n loan."
}
{
    "_id": "dd4c628b4",
    "title": "",
    "text": "borrowings under credit facility bear interest based daily balance at libor no rate floor margin. 25%. to. 75%. or base rate lending institution prime rate no margin. 25%. to. 75%.\n carries commitment fee equal to unused borrowings multiplied by margin. 25%. to. 35%.\n margins calculated quarterly vary company leverage ratio agreement.\n terminated prior $ 200. million revolving credit facility.\n collateralized by assets covenants similar.\n may 2011 borrowed $ 25. million acquisition corporate headquarters.\n interest rate 1. 5%. 31.\n maturity date march 2015 end of term.\n early 2013 with acquisition.\n three 2011 borrowed $ 30. million seasonal working capital repaid december 31 2011.\n interest rate 1. 5%. no balance outstanding 31.\nbalances outstanding prior revolving credit facility 31 2010.\n company agreements lenders acquisition lease capital investments.\n loans collateralized by lien assets.\n subject approval lenders.\n cross default provision.\n require prepayment fee outstanding amounts ahead terms.\n limit additional financing to $ 40. million $ 21. 5 million available additional financing december 31 2011.\n outstanding principal balance $ 14. 5 million $ 15. 9 million.\n advances bear interest rates fixed.\n average interest rates borrowings 3. 5%. 3%. 9%. years 2011 2010 2009.\n scheduled maturities long term debt as december 31 2011.\n 6882\n 2013 65919\n 2014\n 2016 $ 70842\n repayment $ 25.million borrowed term loan due march 2015 2013 acquisition headquarters."
}
{
    "_id": "dd497b164",
    "title": "",
    "text": "design-to-silicon flow semiconductor manufacturing.\n integrating hpl yield management test chip technologies productivity profitability semiconductor devices.\n.\n paid $ 11. million shares hpl.\n prior investment $ 1. 9 million.\n.\n 11001 prior investment 1872\n acquisition costs 2831\n purchase price\n costs $ 2. 8 million legal tax accounting fees. million. million facilities closure costs. 9 million employee termination costs.\n paid. million. professional services. facilities closure. employee termination.\n. million balance fees closure costs.\n.\n $ 8. 5 million intangible assets $ 5. million technology $ 3. 2 million customer relationships. million backlog amortized.\n. million value-process research development projects.\n expensed statement operations first quarter fiscal year 2006.\ncompany acquired assets $ 14. million assumed liabilities $ 10. million.\n excess purchase price $ 3. 4 million.\n hpl.\n.\n 2006 asset acquisition $ 1. 5 million.\n not material balance sheet results.\n acquired nassda may 11 2005.\n.\n full-chip circuit simulation software mixed-signal memory design.\n.\n acquired outstanding shares cash $ 200. 2 million $ 7. per share.\n nassda officers directors employees defendants preexisting litigation"
}
{
    "_id": "dd4bd2822",
    "title": "",
    "text": "2013 earnings per share calculated net earnings allegion plc weighted-average ordinary shares.\n diluted eps calculated adjusting denominator potentially dilutive shares share-based compensation plans.\n table summarizes weighted-average ordinary shares basic diluted earnings.\n millions 2017 2016 2015\n-average shares 95.\n shares incentive stock plans.\n diluted shares 96.\n december 31 2017. million stock options excluded diluted shares anti-dilutive.\n 19 2013 commitments contingencies involved litigations claims proceedings environmental product warranty matters.\n contingent liabilities estimates reviewed adjusted additional information.\n financial condition operations liquidity cash flows.\n dedicated program hazardous materials remediate environmental concerns.\ncompany engaged in investigations remediation production facilities.\n evaluates remediation programs considers alternative methods.\n may increased expenses environmental reserves.\n party to environmental lawsuits received notices violations.\n environmental protection agency state authorities.\n potentially responsible party for cleanup costs off-site waste disposal at federal superfund state remediation sites.\n involvement minimal.\n not bear entire cost remediation.\n.\n additional lawsuits claims likely arise.\n incurred $ 3. 2 million $ 23. 3 million $ 4. 4 million expenses 2017 2016 2015 for environmental remediation at sites owned leased.\n 2016 launched alternative approach to two sites states.\n environmental conditions impact regulatory requirements.\n recorded $ 15 million charge for environmental remediation fourth quarter 2016.\nremediation costs goods.\n reserves $ 28. 9 million $ 30. 6 million.\n total reserve $ 8. 9 million $ 9. 6 million.\n reserves accrued expenses.\n total reserve $ 12. 6 million $ 6. 1 million remainder noncurrent.\n evolving laws cost future compliance uncertain."
}
{
    "_id": "dd4c3b106",
    "title": "",
    "text": "2002 2003 2004 first quarters 2005.\n tax matters.\n company provided information.\n july 28 2006 filed amendment annual report form 10-k may 29 2005.\n amended item 6.\n financial data exhibit 12 ratios earnings fixed charges 2001 financial information 1999 2000 company reserves 1999 tax expense.\n.\n agreement.\n approved securities exchange commission july 17 2007.\n july 24 2007 complaint colorado executed consent settlement civil penalty $ 45 million agreement federal securities laws.\n $ 2 million indemnity payments former employees settlements.\n charges $ 25 million 2004 $ 21. 5 million third quarter 2005 $ 1. 2 million first quarter 2007.\n three class actions filed district court nebraska.\n conagra foods.\n.\n.\n.\n. case.\n 805cv348 july 18 2005.\n conagra foods.\n.\n 805cv386 august 8 2005.\n lawsuits against company directors employee benefits committee retirement income savings plans.\n violations retirement income security act april 2005 restatement financial statements.\n settlement plaintiffs.\n includes $ 4 million payment insurer.\n changes benefit plans.\n 2006.\n 2005 net sales 2006 2005.\n consumer foods $ 6504 $ 6598\n food ingredients 3189\n trading merchandising\n international foods 603\n 11482 $ 11384\n net sales increased $ 98 million $ 11. 5 billion fiscal 2006 favorable results food ingredients international foods segments.\n price increases higher input costs strength foreign currencies enhanced net sales.\noffset declines foods brands trading merchandising decreased volumes divestitures closures."
}
{
    "_id": "dd4bfda0e",
    "title": "",
    "text": ".\n new guidance company recorded liability future death benefits employees 2019 retirement $ 45 million adjustment january 1 2008 retained earnings income loss $ 4 million $ 41 million consolidated statement.\n minimal cash payments policies.\n net cost split-dollar life insurance $ 6 million 31 2009 2008.\n liability future death benefits $ 48 million $ 47 million december 31 2009 2008.\n.\n. 401 ( k ) plan contributory.\n matching contributions based.\n newly hired employees higher maximum matching contribution 4% first 3%.\n 2009 company suspended matching contributions 401 ( k ) plan.\n expenses employer match years 2009 2008 2007 $ 8 million $ 95 million $ 116 million.\n.\nshare compensation plans incentive plans stock options appreciation rights employee purchase plan grants options stock employees holders.\n option exercise price 100% fair market value stock.\n awards five ten years two four years.\n holder terminated quits 24 months.\n employee stock purchase plan payroll deductions 10% compensation.\n more $ 25000.\n price per share 85% fair market value stock.\n two purchase periods october 1 march 31 april 1 september 30.\n 2009 2008 2007 employees purchased 29. 4 million 18. 9 million. 2 million shares prices $ 3. 60 $ 3. 68 $ 7. 91. $ 14. 93 $ 15. 02.\n calculates value option black-scholes pricing model.\n value 2009 2008 2007 $ 2. 78 $ 3. 47 $ 5. 95 .\n 2009 2008 2007\n volatility 57. 1%. 1 % 56. 4%. 4 % 28. 3 %\n risk-free interest. 9%. % 2. 4%. %. 5%. 5 %\n. 7% %. 1%\n."
}
{
    "_id": "dd4c3b9da",
    "title": "",
    "text": "compares common stock s&p 500 healthcare equipment index.\n return investment $ 100 31 2009 reinvestment dividends.\n 5 year return $ 200 lifesciences.\n lifesciences $ 186. $ 162. 207. 151. 293.\n s&p 500 115. 117. 136. 180. 205.\n&p 500 healthcare equipment 96. 102. 120 153 194."
}
{
    "_id": "dd4c32178",
    "title": "",
    "text": "benchmark index 10-year treasury yield.\n company derivatives cash flow hedges.\n october 13 2015 $ 4. 5 billion senior notes terminated treasury lock contracts cash settlement $ 16 million recorded earnings adjustment interest expense ten years interest payments recognized income.\n business operations.\n translation local currency balances foreign subsidiaries transaction gains losses intercompany loans transactions currencies.\n manage operating activities foreign currency forward contracts.\n.\n exchange risks non.\n operations.\n foreign currency exchange rates affect revenues.\n.\n december 31 2016 2015 2014 generated $ 1909 million $ 1336 million $ 1229 million revenues.\n.\n major currencies brazilian real euro british pound sterling indian rupee.\n 10% move exchange rates revenues 2015 2014.\n\n pound sterling $ 47 $ 34 $ 31\n euro 38 33\n real 32 29\n indian rupee 12 10\n $ 129 $ 106 $ 107\n impacted currency fluctuations revenues expenses local currency foreign exchange risk.\n revenues $ 100 million $ 243 million net earnings $ 10 million $ 31 million unfavorable foreign currency impact 2016 2015 stronger.\n dollar.\n unfavorable currency impact strengthening.\n dollar.\n.\n foreign exchange risk management policy permits derivative instruments forward contracts options reduce volatility.\n instruments.\n periodically enter contracts hedge intercompany loans.\n $ 143 million fair value.\n not.\n currency forward contracts manage.\n $ 7 million fair value less than $ 1 million.\n cash flow hedges.\nfair value currency forward contracts determined exchange market rates banks.\n subject changes rates.\n ineffectiveness contracts.\n clear2pay initiated foreign currency forward contract purchase euros sell.\n dollars risk exchange rates purchase price euros.\n hedge accounting recorded $ 16 million income third quarter 2014.\n contract settled october 1 2014."
}
{
    "_id": "dd4c4fa2a",
    "title": "",
    "text": "consolidated financial statements.\n global cruise company.\n own royal caribbean international celebrity cruises pullmantur azamara club cruises cdf croisi e8res de france 50% tui cruises.\n brands operate 41 ships december 31 2012.\n worldwide itineraries 455 destinations seven continents.\n consolidated financial statements accounting principles united states america.\n estimates.\n results differ.\n intercompany accounts transactions eliminated consolidation.\n entities control direct ownership 50% variable interest entities.\n 6.\n.\n investment accounted equity method.\n consolidate results pullmantur cdf croisi e8res de france two-month lag.\n no events transactions pullmantur cdf croisi e8res france disclosure adjustment pullmantur assets 3.\n goodwill 4.\n intangible assets 5.\n property equipment.\n income taxes.\n note 2.\n accounting policies revenues expenses deposits cruises customer deposit liabilities.\n ticket revenues goods services costs ten days less.\n port costs guest head counts.\n revenues $ 459. 8 million $ 442. 9 million $ 398. 0 million 2012 2011 2010.\n cash equivalents market securities maturities less 90 days.\n inventories provisions supplies fuel cost.\n property equipment cost less depreciation amortization.\n interest acquiring assets.\n improvement costs capitalized depreciated.\n depreciation components written off losses recognized operating expenses.\n damages late delivery reductions cost.\n depreciation property equipment computed useful life.\n 30 years 15% projected residual value.\n30-year life ships 15% residual value based-average components.\n depreciation capital leases computed shorter lease term asset life.\n.\n property equipment.\n 30\n improvements 3-20\n buildings improvements 10-40\n computer hardware software 3-5\n transportation equipment 3-30\n leasehold improvements lease term\n hardware equipment improvements."
}
{
    "_id": "dd4bbdfbc",
    "title": "",
    "text": "accounting literature.\n nonconsolidated proprietary company recognizes residual investment fair value third-party financing off-balance sheet.\n table summarizes cash flow information municipal bond securitizations 2008 2007 2006 billions dollars.\n proceeds new securitizations $.\n cash flows retained interests net cash flows.\n. municipal investments construction rehabilitation low-income affordable rental housing.\n company invests limited partner earns return tax credits.\n client intermediation transactions returns underlying security asset index.\n credit-linked equity-linked notes.\n spe obtains exposure security.\n spe issues notes investors return.\n invests proceeds financial asset guaranteed insurance contract collateral derivative contract.\n involvement counterparty spe derivative instruments investing notes issued spe.\ntransactions investor maximum risk loss limited company absorbs risk above level.\n risk defined as invested in notes spe risk loss absorbed separate instrument.\n derivative instrument receivable from spe credit protection collateralized by assets.\n derivative instruments not variable interests 46 receivables not included maximum exposure spe.\n structured investment vehicles issue junior notes senior debt purchase high quality assets.\n junior notes subject loss risk sivs.\n provide variable return investors based spread cost debt return.\n company manager sivs not obligated provide liquidity guarantees sivs.\n review reduction liquidity citigroup support facilities debt ratings.\n became primary beneficiary consolidating entities.\n february 12 2008 finalized support provide $ 3. 5 billion mezzanine capital sivs market value junior notes zero.\nmezzanine capital facility increased $ 1 billion to $ 4. 5 billion additional commitment funded fourth quarter 2008.\n facilities senior junior medium-term.\n-length terms.\n interest paid drawn per annum fee unused portion.\n november 18 2008 company wrote down $ 3. 3 billion siv assets.\n purchased remaining assets fair value trade date november 18  2008.\n funded medium-term notes.\n net funding $ 0. 3 billion.\n december 31  2008 purchased siv assets $ 16. 6 billion $ 16. 5 billion htm assets.\n investment manager.\n earns management fee performance fees.\n ownership interest.\n established investment funds employees private equity.\n financing."
}
{
    "_id": "dd4c25efa",
    "title": "",
    "text": "skyworks solutions.\n valuation allowance $ 47. million.\n $ 33. 6 million.\n tax credits $ 3. million acquired aati 2012 $ 13. million foreign deferred tax assets.\n valuation allowance $ 46. 6 million income tax benefit $ 0. 4 million reduction goodwill.\n $ 209. million future federal taxable income tax assets.\n.\n valuation allowance.\n federal net loss $ 74. 3 million $ 29. 5 million acquisition sige 2030 $ 28. million aati 2031.\n limitations revenue code section 382.\n federal income tax credit carry forwards $ 37. 8 million $ 30. 4 million.\n state income tax credit forwards $ 33. 6 million valuation allowance.\n credits expire 2032.\n california research tax credits indefinitely.\ncompany operations investments international jurisdictions.\n earnings.\n 2012 no provision income taxes $ 371. 5 million undistributed earnings foreign subsidiaries.\n federal income tax liability.\n unrecognized tax benefits $ 52. 4 million $ 32. 1 million september 28 2012 30 2011.\n $ 38. 8 million tax rate.\n remaining valuation allowance positions.\n no positions twelve months.\n reconciliation tax benefits.\n balance september 30 2011 $ 32136\n increases prior 9004\n increases current 11265\n decreases settlements taxing authorities 2014\n decreases lapses statutes limitations\n balance september 28 2012 $ 52380\n annual report"
}
{
    "_id": "dd4c0c518",
    "title": "",
    "text": "echostar communications corporation financial statements closing price common stock last day quarter sold.\n october 1 2007.\n 2000 2001 2002 employees purchased 58000 80000 108000 shares stock.\n echostar sponsors.\n voluntary contributions matched 50% echostar maximum annual contribution $ 1000 per employee.\n contributions totaled $ 1. 6 million $ 2. 1 million $ 2. 4 million 2000 2001 2002.\n discretionary contribution deductible limit code.\n cash echostar stock.\n unvested balances matching discretionary contributions.\n discretionary contributions $ 7 million $ 225 thousand $ 17 million 2000 2001 2002.\n.\n future lease payments leases december 31 2002.\n 2003 17274\n 2004 14424\n 2005 11285\n 2006 7698\n2007 3668\n 1650\n lease payments 55999\n rent expense leases $ 9 million $ 14 million $ 16 million 2000 2001 2002.\n december 31 echostar $ 359 million.\n majority echostar receiver systems components.\n purchases expected 2003.\n purchases cash balances future cash flows.\n patents intellectual property competitors obtain patents rights products.\n patents.\n damages patent infringement tripling damages.\n estimate licenses"
}
{
    "_id": "dd4c53f26",
    "title": "",
    "text": ".\n federal tax carryovers expire 16 to 17 years state five to 10 years majority international six years expiring year indefinite carryover period.\n tax attributes jurisdictions losses income.\n december 31 2013 company provided $ 23 million valuation allowance deferred tax assets tax benefits.\n valuation allowance reduced 2013 due expiration tax attributes.\n contributed $ million.\n pension plans $ 6 million postretirement plans.\n 2012 contributed $ 1. 079 billion.\n $ 67 million postretirement.\n 2011 contributed $ 517 million.\n pension $ 65 million postretirement.\n current income tax includes benefit pension contributions deferred tax cost temporary difference.\n income tax rate.\n. tax\n state income taxes federal benefit.\n.\n.\ntax contingencies 1. 2 -1. 9. 2\n manufacturer deduction -1. 6. 2. 5.\n. 4. 1\n worldwide tax rate 28. 1% 28. 1 % 29. 0% 29. 27. 8%. 8 %\n effective tax rate 2013 28. 1 percent 29. 2012. 9 points impacted.\n international taxes reinstatement.\n research development credit domestic manufacturer deduction benefit restoration tax basis assets.\n decreased tax rate 4.\n offset tax rate 3. 1 points adjustments income tax reserves.\n tax rate 29. 27 2011 increase. 2 percentage points.\n tax international taxes reorganization subsidiary state income taxes lower domestic manufacturer deduction.\n research development credit.\n increased 2012 effective tax rate 2. 1 percentage points.\ncompany effective tax rate-on include international taxes geographic mix adjustments tax reserves.\n compared to 2011 decreased effective tax rate. percentage points.\n company files income tax returns.\n federal states foreign jurisdictions.\n no longer subject to.\n federal state local non.\n income tax examinations before 2004.\n irs completed examination.\n tax returns 2005 through 2007 2009.\n protested positions entered administrative appeals process first quarter 2010.\n completed examination.\n 2008.\n protested positions entered appeals process second.\n.\n 2009.\n protested positions entered administrative appeals process.\n examination.\n 2010.\n protested positions entered administrative appeals process"
}
{
    "_id": "dd4c2f5a4",
    "title": "",
    "text": "citigroup common stock.\n cse award value divided fair market value.\n 50% shares delivered april 2010 sale transfer until january 20 2011.\n retirement-eligible employees awarded cses april 2010 shares delivered april 2010 restrictions sale four installments january 20 2011.\n cse awards accrued compensation expenses 2009 recorded liability until settlement april 2010.\n stockholders approve paid new issues common stock liability reclassified equity.\n 2009 management committee received 30% incentive awards 2008 performance vesting-equity awards.\n vest 50% if citigroup common stock meets target $ 10. 61  50% $ 17. 85  2013.\n target closing price equals exceeds 20 days 30 january 14 2013.\n shares not vested vest price delivery price target unvested.\ndividend equivalents paid unvested awards.\n value recognized as compensation expense.\n july 17 2007 committee approved long-term incentive plan participants received equity award citigroup performance peer companies return targets.\n final expense three adjusted roe tests.\n no awards earned 2009 2008 2007 shares issued performance targets.\n new awards since 2007.\n participants 2008 2006 2005 elect receive award stock options.\n option program tables options awards.\n status citigroup 2019s unvested stock awards december 31 2009 changes 12 months weighted-average grant.\n january 1 2009 226210859 $ 36.\n new 162193923 $.\n cancelled awards -51873773.\n deleted awards -568377 $ 13.\n -148011884 $ 25.\nunvested 31 2009.\n value vestings $ 3. 64 share.\n $. billion unrecognized compensation cost unvested stock awards forfeiture.\n. years."
}
{
    "_id": "dd4bb4796",
    "title": "",
    "text": "fidelity national information services.\n subsidiaries financial statements contingent liabilities business acquisitions adjusted fair value.\n note 3 capital markets company liability.\n derivative financial instruments accounts hedging.\n 2016 2014 variable rate debt interest rate swaps.\n cash flow hedges.\n estimated fair values level 2 measurements.\n recorded asset liability included balance sheets prepaid expenses current non-current assets accounts payable accrued liabilities long liabilities accumulated earnings.\n recorded interest expense yield adjustment loans.\n cash flow hedge effective no impact 2016 earnings ineffectiveness.\n execute instruments credit-worthy banks not speculative.\n interest rate swap counterparty obligations.\n foreign exchange risk management policy permits derivative instruments reduce volatility foreign exchange rate fluctuations.\n2016 2015 company entered foreign currency contracts intercompany loans.\n notional $ 143 million $ 81 million fair value nominal.\n not hedges.\n currency forward contracts manage indian exchange rates.\n december 31 2016 notional $ 7 million fair value less than $ 1 million included prepaid expenses current assets balance sheets.\n contracts cash flow hedges.\n fair value determined exchange market rates.\n subject changes.\n no ineffectiveness currency forward contracts.\n 2015 entered treasury lock hedges $ 1. 0 billion reducing risk 10-year treasury yield.\n derivatives cash flow hedges.\n october 13 2015. terminated treasury lock contracts cash settlement payment $ 16 million earnings adjustment interest expense ten years.\n trade receivables december 31 2016 2015.\n\n receivables 2014 $ 1452 1546\n unbilled 228\n 1680 1747\n doubtful accounts\n $ 1639 1731"
}
{
    "_id": "dd497e602",
    "title": "",
    "text": "7.\n management 2019s discussion analysis financial condition results operations global energy company operations north america africa europe.\n operations organized four segments 2022 exploration production explores produces markets liquid hydrocarbons natural gas.\n oil sands mining mines extracts transports bitumen alberta canada synthetic crude oil vacuum gas integrated gas markets transports products natural gas liquefied methanol.\n refining  marketing transportation refines markets transports crude oil petroleum products midwest upper great plains gulf coast southeastern regions united states.\n include forward-looking statements trends affecting business.\n future outcomes uncertain.\n cautionary language factors future outcomes differ.\nhold 60 percent interest equatorial guinea holdings.\n 4 financial statements may 1 2007 ceased consolidating.\n investment equity method.\n gas segment minority interests.\n financial condition results.\n.\n risk factors.\n.\n.\n exploration production prices crude oil natural gas impact revenues cash flows.\n prices volatile 2009 not.\n lower annual averages benchmark prices.\n crude oil per barrel $ 62. 09 $ 99. 75 72.\n brent crude oil $ 61. 67 $ 97. 26 72.\n henry hub natural gas mcf $ 3. $ 6\n.\n crude oil prices rose 2008 global demand declining dollar concerns geopolitical risk.\n 2008 crude oil prices declined.\n dollar demand decreased economic recession.\nprice decrease 2009 reversed $ 33. 98 february $ 79. 36.\n domestic oil production 62 percent sour more sulfur.\n heavier costs.\n international oil sweet brent.\n $ 0. 42 2009 $ 2. 49 2008 $ 0. 02 2007."
}
{
    "_id": "dd4c07cfc",
    "title": "",
    "text": "incentive compensation expense $ 8. 2 million fringe benefit costs $ 1. 4 million higher warehousing costs $ 2. million.\n corporate overhead increased $ 3. 1 million 6. 5%. 2005.\n incentive compensation expense $ 2. million costs.\n decreased $ 2. 1 million. 1%\n due $ 3. 1 million decrease disposals property plant equipment.\n higher legal expenses $. 5 million increased losses disposals storeroom items $. 4 million.\n increased $ 3. 1 million 11. 1%. higher interest expense variable rate debt.\n tax rate 35. 8%. 2%. 2005.\n lower tax rate domestic manufacturer deduction texas state tax rate.\n rates higher federal rate.\n31 2005 2004 historical results operations pca 2004 2004.\n 2004\n sales $ 1993. 7 $ 1890. $ 103. 6\n income operations $ 116. $ 140. 5 4 24.\n expense. 1 28. 6 29.\n before taxes 88. 110. 9.\n taxes. 4 35. 2 42. 6.\n income $ 52. 6 $ 68. 7.\n sales increased $ 103. 6 million 5. 5%. 31 2005 2004.\n sales increased prices volumes corrugated products 2004.\n volume increased 4. 2%. % 31. billion square feet 2005. 2004.\n corrugated sales volume increased 4. 6%. 6 % 2005.\n 3. 0%. higher 2005 2004. 4%.\nshipments-per-workday calculated corrugated products volume workdays.\n increase 2005 less workday 250 2004 251.\n containerboard sales decreased. 2%. 417000 tons 2005 475000 tons 2004."
}
{
    "_id": "dd4baf0de",
    "title": "",
    "text": "company recorded earnings $ 290 million 2018 $ 183 million 2017 $ 199 million 2016.\n-tax loss $ 82 million $ 15 million 2017 $ 25 million 2016 remeasurement.\n debt.\n performance 2018 higher price realization strong demand.\n sales volumes increased softwood pulp linerboard offset decreased hardwood pulp.\n increased decreased linerboard.\n higher.\n.\n input costs higher wood fuel chemicals.\n distribution costs impacted tariffs inflation.\n dividends $ 128 million 2018 $ 133 million 2017 $ 58 million 2019 sales volumes lower seasonal slowdown fewer trading days.\n sales prices decrease pulp linerboard.\n input costs flat distribution costs increase.\n $ 46 million. 5%. ownership.\n received dividends $ 25 million.\nliquidity capital resources factor operating cash flow sensitive to pricing demand.\n focus pricing cost controls improved cash flow.\n cash uses 2018 focused on working capital capital spending debt reductions returning dividends share repurchases.\n totaled $ 3. 2 billion 2018 $ 1. 8 billion 2017 $ 2. 5 billion 2016.\n capital $ 439 million 2018 $ 402 million 2017 $ 71 million 2016.\n 2018 increased capital spending.\n purchase weyerhaeuser's pulp $ 2. billion holmen business $ 57 million sale asia packaging $ 108 million.\n maintains average capital spending target depreciation amortization.\n capital spending $ 1. 6 billion 2018 118% depreciation amortization compared $ 1. 4 billion 2017.billion 110% depreciation amortization 2016.\n spending 69. 8%. to 132. 1%. 2018.\n capital spending 2016 excluding discontinued operations $ 111 million 2017 107 million 2016.\n industrial packaging 1061\n cellulose fibers\n printing papers\n subtotal 1547 1259\n spending $ 1572\n expenditures 2019 $ 1. 4 billion 104% depreciation amortization $ 400 million strategic investments."
}
{
    "_id": "dd4ba0660",
    "title": "",
    "text": "2000 non-employee director stock option plan global payments.\n 2011 incentive plan.\n no grants 2000 after 2005 director stock option plan expired february 1 2011.\n no future grants 2000 2005.\n 2011 plan permits grants equity employees officers directors consultants.\n 14. million shares common stock reserved.\n table share compensation expense income tax benefit 2016 2015 2014.\n compensation expense $ 30809 21056\n income tax benefit $ 9879 6907\n awards 201clong-term incentive plan. awards held escrow released grantee satisfaction conditions.\n awards vest grantee not employed vesting shares forfeited.\n transferred.\n before 2015 equal installments first four anniversaries.\n during 2015 three-year service period.\ngrant date fair value restricted stock based on market value common closing award date recognized share-based compensation expense over vesting period.\n executives granted long-term incentive plan.\n performance-based restricted stock after convert into common shares.\n performance measures.\n target measures set by compensation committee.\n units converted after performance.\n units granted 2014 one-year performance period.\n 25% converted to unrestricted shares.\n 75% converted restricted shares anniversaries.\n units granted 2015 2016 three-year performance period.\n convert into unrestricted common stock.\n performance-based outcomes.\n grantee earn up to 200% target shares.\n awards performance conditions compensation expense over performance period grant date fair value based on shares earned performance goals.\nshares performance cumulative adjustment compensation expense revised.\n global payments inc.\n 10-k annual report 2013"
}
{
    "_id": "dd4b980aa",
    "title": "",
    "text": "factor formula.\n consolidated financial statements include northrop grumman management support services $ 32 million 31 2011.\n shared services infrastructure costs information technology support systems maintenance telecommunications procurement subsidiary northrop grumman.\n allocated formula usage.\n $ 80 million.\n northrop grumman-provided benefits medical dental vision insurance 401 k savings plan pension postretirement benefits incentive compensation.\n allocated.\n northrop grumman benefits $ 169 million.\n methods allocating costs reasonable consistent practices cost allocation requirements.\n purchased sold products services northrop grumman entities.\n purchases $ 44 million.\n sales $ 1 million.\n former parent's equity transactions northrop grumman included statements settled cash.\n net effect settlement reflected parent's equity.\n.\nquarterly financial results 2013 2012 tables.\n millions share amounts 1st 2nd 3rd 4th qtr\n sales service revenues $ 1562 $ 1683 1938\n operating income loss 95 116 127 174\n before taxes 65 87 99\n net earnings loss 44 57 69\n dividends per share $ 0.\n basic earnings loss share $. 88.\n diluted earnings loss share $. 87. 12."
}
{
    "_id": "dd4bf30e0",
    "title": "",
    "text": "2019s profit 2013 increased $ 175 million 14%.\n higher profit $ 85 million air missile defense programs increased $ 85 million fire control programs $ 75 million tactical missile programs.\n offset lower operating profit $ 45 million contractual matters $ 15 million technical services programs risk retirements.\n $ 100 million higher 2013 2012.\n net sales.\n decreased $ 130 million lower volume risk retirements $ 60 million volume control.\n offset higher net sales $ 95 million tactical missile $ 80 million.\n operating profit 2012 increased $ 187 million 17% 2011.\n higher risk retirements volume $ 95 million tactical missile $ 60 million missile defense $ 45 million contractual matters.\n lower risk retirements volume $ 25 million services programs.\nadjustments net profit rate $ 145 million higher 2012.\n increased 2013 due higher orders thaad program lower sales volume fire control systems offset lower orders technical services tactical missile.\n backlog increased increased orders lower sales fire control systems offset lower orders higher sales tactical missiles.\n net sales slightly down 2014 decrease sales technical services offset increase sales missiles fire control.\n operating profit decrease reduction risk retirements.\n operating profit margin decline 2013.\n systems missile defense systems radar littoral combat ships simulation training services unmanned systems.\n programs aegis combat system mh-60 tpq-53 radar-41 vertical launching system.\n operating results.\n net sales $ 7153\n operating profit\n margins 12. 7%.\nyear-end 10800 10700 10500\n 2013 sales decreased $ 426 million 6%.\n lower $ 275 million ship aviation"
}
{
    "_id": "dd4bb416a",
    "title": "",
    "text": "gulf states.\n financial discussion analysis.\n 2003 net revenue $ 1110.\n.\n wholesale revenue.\n summer capacity charges.\n unbilled sales.\n fuel recovery revenues.\n.\n 2004 net revenue $ 1149.\n/weather 1179 gwh electricity usage industrial.\n 291 gwh residential commercial governmental sectors.\n wholesale revenue sales volume municipal co-op.\n capacity charges amortization deferred capacity charges.\n 2002 2003.\n sales variance fuel price.\n recovery revenues under-recovery charges.\n $ 22. million provisions 2004 rate refunds.\n.\n $ 187. million fuel cost recovery revenues higher fuel rates louisiana texas jurisdictions.\n increases volume/weather wholesale revenue.\nfuel power expenses recovery deferred fuel costs prices natural gas coal power electricity usage.\n regulatory credits amortization 2003 deferred capacity charges 2001 2004.\n began june 2002 ended may 2003.\n net revenue revenues fuel power expenses regulatory credits.\n analysis net revenue 2003 2002."
}
{
    "_id": "dd4b8a6b2",
    "title": "",
    "text": "increased 34% $ 449 million $ 1. 8 billion 2010.\n due headcount expenses.\n software development costs $ 71 million mac os x snow leopard.\n increased 34% declined net sales 52% ( 52 % year-over-year increase sales.\n investments critical growth products.\n expects.\n expense increased 20% $ 224 million $ 1. 3 billion 2009.\n headcount stock-based compensation expenses.\n $ 71 million software capitalized mac os x snow leopard excluded r&d expense $ 11 million.\n r expense increased 20% flat net sales 14% increase revenue.\n increased $ 1. 4 billion 33% % $ 5. 5 billion 2010.\n due expansion retail segment marketing advertising increased stock-based compensation expenses variable costs.\n increased $ 388 million 10% to $ 4.billion 2009 2008.\n increase due expansion retail segment higher stock-based compensation expense spending marketing advertising.\n income expense three years 2010 decreased $ 171 million 52% $ 155 million 2010 $ 326 million $ 620 million 2009 2008.\n decrease declines interest rates offset higher cash securities balances.\n weighted average interest rate 0. 75%. 43%. 3. 44%. 2010 2009 2008.\n higher premium expenses foreign exchange option contracts reduced income expense.\n no debt interest expense.\n effective tax rates 24% ( 24 32%.\n statutory federal income tax rate 35% ( 35 %.\n interest income $ 311 $ 407 $ 653\n other income -156\n income expense $ 155 $ 326 $"
}
{
    "_id": "dd497a3f4",
    "title": "",
    "text": "item 5 2019s common equity.\n stock traded new york stock exchange 2018. tables high low sale prices.\n.\n 2002 first quarter high $ 17. 84 low $ 4. 11 2001 quarter high $ 60. 15 low $ 41. 30\n second quarter 9. 17 3. 55 52. 25.\n quarter 4. 61. 56 44. 50.\n fourth quarter. 57. 17. 80.\n.\n march 3 2003 9663 holders common stock par value $ 0. 01 per share.\n.\n pay cash dividends.\n precluded cash dividends guaranty utility customer net worth liquidity tests.\n subsidiaries pay cash dividends limitations loans governmental provisions agreements.\n equity compensation plans.\n annual meeting stockholders may 1 2003."
}
{
    "_id": "dd4bd06a8",
    "title": "",
    "text": "provide to governmental agencies entities under environmental regulations landfill operations for capping closure post-closure costs performance under collection landfill transfer station contracts.\n surety bonds letters of credit insurance policies trust deposits included in cash marketable securities assets consolidated balance sheets.\n determined by state environmental regulations.\n.\n states require third-party engineering specialist determine costs.\n from obligation.\n.\n contract performance varies by contract.\n provide assurance for insurance program collateral for performance obligations.\n increase in assurance requirements during 2015 change.\n issued not considered indebtedness.\n not reflected in consolidated balance sheets record capping closure post-closure liabilities insurance liabilities as incurred.\n underlying obligations recorded if fulfill.\n.\nno debt obligations operating leases financial assurances.\n transactions obligations not disclosed financial position results.\n guaranteed third-party debt.\n.\n operating activities less purchases property equipment proceeds sales consolidated statements cash.\n table calculates free cash flow years 31 2014 2013 2012 millions dollars.\n operating activities $ 1529. 8 $ 1548. $ 1513.\n purchases property -862. 862. -880. 880 903.\n proceeds sales 35. 23. 28.\n free cash flow $ 703. $ 691. 3 $ 639.\n free cash flow investing activities condition."
}
{
    "_id": "dd4bd1d0a",
    "title": "",
    "text": "mastercard incorporated financial statements 2014 table summarizes expected benefit payments through 2018 company assets.\n-sum distributions may differ.\n 2009 19766\n 2010 18182\n 2011 25518\n 2012 21029\n 24578\n 2018 118709\n.\n employees participate defined contribution savings plan.\n contribute base compensation pre-tax after-tax.\n company matches contributions limits.\n discretionary profit sharing performance.\n paid short-term cash incentive bonus.\n company defined contribution plans outside united states.\n contribution expense $ 35341 $ 26996 $ 43594 2008 2007 2006.\n value appreciation program incentive compensation plan 1995.\n annual awards participants 1998 net appreciation securities mastercard.\n 1999 replaced executive incentive plan senior executive incentive plan note 16 share based payments benefits.\ncontributions vap discontinued assets disbursed no liability 2008.\n liability 2007 $ 986.\n expense benefit $ 6 267 $ 3406 years 2008 2007 2006.\n.\n health life insurance.\n employees retirees hired before 1 2007.\n amended life insurance benefits january 1 2007.\n $ 1715 income 2007."
}
{
    "_id": "dd4b95cc4",
    "title": "",
    "text": "graph shows five-year stockholder return common stock october 25 2009 26 2014.\n compared standard poor 2019s 500 stock index rdg semiconductor composite index.\n assumes $ 100 invested october 25 2009 common stock reinvestment dividends.\n dollar amounts rounded nearest dollar.\n represents past not future performance.\n 5 return. s&p 500 index trademark standard 2019s financial services subsidiary mcgraw-hill companies.\n 10/25/2009/31/2010 10/30/2011/28/2012/27/2013/26/2014\n.\n s&p 500 index.\n semiconductor composite index. 207\n 2014 four quarterly dividends $. per share.\n 2013 three dividends $. one $. share\n2012 declared dividends $ 0. 09 $ 0. 08.\n 2014 2013 2012 $ 487 million $ 469 million $ 438 million.\n dividends financial capital business conditions stockholders.\n $ 100 invested 10/25/09 stock 10/31/09 index reinvestment dividends.\n.\n semiconductor composite index 10/25/09 10/30/11/28/12/27/13 10/26/14.\n s&p 500 rdg semiconductor composite"
}
{
    "_id": "dd4bbe714",
    "title": "",
    "text": "recourse repurchase obligations note 3 loans sale servicing pnc sold commercial residential loans securitizations whole-loan sale transactions continuing involvement.\n recourse repurchase obligations transferred assets.\n originate service multi-family loans sold fnma.\n similar program fhlmc.\n assume one-third risk loss unpaid principal balances.\n 2011 2010 unpaid principal balance $ 13. billion $ 13. 2 billion.\n potential maximum exposure $ 4. billion.\n reserve estimated losses.\n $ 47 million $ 54 million liabilities consolidated balance sheet.\n payment contractual interest collateral loans losses value losses.\n exposure activity recourse obligations corporate institutional banking.\n mortgage recourse obligations.\n reserve adjustments\n losses 2013 loan repurchases settlements\n loan sales\ndecember 31 $ 47 $ 54\n residential mortgage repurchase obligations non-recourse repurchase obligations sold.\n pnc origination covenants warranties.\n first second-lien agency non-agency securitizations whole-loan sale transactions.\n agency securitizations fhlmc gnma non-agency whole-loan private investors.\n obligations related fhlmc repurchase losses fha va-insured uninsured loans gnma securitizations minimal.\n repurchase obligation activity banking segment.\n repurchase obligations include brokered home equity loans sold private investors.\n pnc no longer brokered home equity lending exposure repurchase obligations limited repurchases whole-loans.\n non-strategic assets portfolio.\nloan covenants representations warranties established loan sale agreements investors pnc sold loans investment quality.\n include compliance with loan criteria underwriting standards delivery loan documents collateral valuation validity lien securing loan.\n breaches investors request pnc indemnify against losses repurchase loans.\n claims settled through make- whole payments repurchases negotiate pooled settlements.\n indemnifications loss repurchases insufficient evidence breach covenant value transferred loan.\n respond indemnification repurchase requests within 60 days final resolution longer.\n pnc financial services group.\n 2013 form 10-k 199"
}
{
    "_id": "dd4bdb3be",
    "title": "",
    "text": "no goodwill units balance sheet management segment.\n table shows goodwill allocated fair value book value trading investing segment.\n december 31 2012 goodwill % fair value book value\n retail brokerage $ 1791. 190% ( 190 %\n market. 115% ( 115 %\n goodwill $ 1934.\n evaluate remaining useful lives intangible assets.\n average life 13 years.\n impairment.\n estimates change impairment charge.\n estimates fair value future cash flows company comparisons.\n less goodwill tested for impairment.\n estimated fair value book value 115% ( 115 % ) cash flows less goodwill impairment could occur.\n cash flows monitored further evaluation impairment.\nreview order handling pricing between e*trade securities gi execution services regulators initiate investigations penalties cease-and-desist orders prompt claims.\n actions affect market trade execution businesses impact cash flows goodwill impairment.\n intangible assets amortized over lives.\n changes revenue impairment.\n tax rates deferred taxes valuation calculate income tax expense tax laws jurisdictions.\n estimate tax obligations uncertain tax positions assess differences between financial statement amounts tax basis assets liabilities.\n result in deferred tax assets liabilities.\n assess likelihood.\n establish valuation allowance.\n record corresponding tax expense in statement.\n reduces income tax expense.\n december 31 , 2012 net deferred tax assets $ 1416. 2 million valuation allowance $ 97. 8 million."
}
{
    "_id": "dd497502a",
    "title": "",
    "text": "selection disclosure critical accounting estimates discussed with audit committee.\n discussion significant assumptions estimates accounting policies methods consolidated financial statements 2022 revenue recognition recognize revenue when evidence arrangement delivery sales price fixed collectability assured.\n revenue recognized title risk loss transferred to customers.\n shipment receipt sales terms.\n estimates cost sales returns experience immaterial.\n 2022 goodwill non-amortizable intangible assets valuation test impairment annually.\n annual impairment analysis first quarter year.\n quantitative assessment.\n fair value carrying value.\n exceeds impaired.\n discounted cash flow model market approach earnings multiples.\n december 31  2015 carrying value goodwill $ 7. 4 billion related to ten reporting units.\nestimated fair value ten units exceeded carrying value december 31  2015.\n non-amortizable assets discounted cash flow model relief-from-royalty method.\n concluded fair value exceeded carrying value movement assumptions impairment.\n cash flow models include assumptions operating cash flows.\n experience consistent with marketplace participant.\n recorded charge to earnings for impairment goodwill non-amortizable intangible assets.\n 2022 marketing advertising costs costs advertising marketing engagement trade promotions.\n expensed.\n.\n programs uncertainties performance compliance.\n volume-based incentives assesses likelihood achieving targets records reduction revenue.\n promotions relies on estimated utilization rates historical experience.\n changes assumptions change financial position cash flows.\n material changes in accounting methodology marketing programs.\n employee benefit plans.\nplans benefits retired pensions postretirement health care postemployment benefits.\n record annual amounts calculations.\n.\n actuarial assumptions discount rates return compensation increases mortality turnover health care cost.\n review.\n.\n amortized future periods.\n assumptions historical experience.\n weighted-average discount rate assumptions pensions postretirement plans.\n. pension plans 30%. 30 %. 95%. %\n. 68%. % 92%. 92 %\n postretirement. 45%. 45 %. %\n assumption changes decreased amortization deferred losses decrease 2016 pre-tax.\n.\n pension postretirement expense $ 209 million $ 240 million 2015"
}
{
    "_id": "dd4972fd2",
    "title": "",
    "text": "hologic inc.\n financial statements acquisition adjustments financial position results.\n no changes purchase price allocation form 10-k 30 2006.\n intangible assets identified valued.\n customer relationship trade name developed technology know how in-process research development identifiable values.\n customer relationship base dominant market position partnership large companies.\n trade name product.\n order backlog.\n developed technology know how marketable products.\n estimated $ 10200 purchase price in-process research development projects digital cad products.\n digital algorithm new platform breast density measurement.\n completed 2007.\n deferred income tax net operating loss acquired intangible assets fair value adjustments inventory not deductible.\n acquisition suros surgical systems.\n 2006.\n merger april 17.\nsuros financial statements mammography care.\n indianapolis develops manufactures sells invasive breast biopsy technology.\n purchase price $ 248100 2300 shares hologic common stock $ 106500 cash $ 139000 $ 2600 acquisition fees expenses.\n fair value eitf issue.\n market price securities.\n.\n assets july 27 2006 $ 11800\n research development 4900\n technology\n customer relationship 17900\n trade name 5800\n deferred income taxes\n goodwill 202000\n purchase price $ 267100\n acquisition two-year earn out.\n installments revenue growth."
}
{
    "_id": "dd4bc9a9c",
    "title": "",
    "text": "recorded liabilities litigation settlements.\n changed december 31 2006 millions.\n balance 31 2006 $ 477\n litigation settlements 3\n interest. merchant lawsuit 38\n payments -114\n balance december 31 2007 $ 404\n discover settlement 863\n american express settlement 1649\n other settlements 6\n. lawsuit 33\n american express settlement 44\n payments -300\n settlement -863\n. lawsuit -100\n payments -1\n balance december 31 2008 $ 1736\n.\n 2006 issued 13496933 shares common stock donation controlled.\n charitable programs children youth access education technology skills work force.\n vision economy programs microfinance youth education.\n recorded expense $ 395 million equal value shares donated.\n2007 2006 $ 20 million cash donations donate $ 40 million operating expenses charitable disbursements first four years.\n additional cash contributions.\n cash stock donations not deductible mastercard tax.\n income tax rate 31 2006 higher 2007 2008.\n expenses increased $ 14 million 2008 decreased $ 2 million 2007.\n due investments leasehold building improvements data center equipment capitalized software.\n decrease 2007 assets depreciated.\n increase leasehold improvements."
}
{
    "_id": "dd4c50ae2",
    "title": "",
    "text": "management 2019s discussion analysis jpmorgan chase. 10-k net income yield excluding yield reviews metrics excluding non-gaap financial measures.\n lending investing deposit-raising.\n metrics non-markets-related interest income yield.\n fixed income equity.\n disclosure income yield provides business trends comparable institutions lending investing deposit-raising.\n year ended december 31 millions 2018 2017 2016 net interest income 2013 $ 55687 $ 51410 $ 47292 markets excluding cib markets $ 52600 $ 46780 $ 40958 interest-earning assets $ 2229188 $ 2180592 $ 2101604 assets 609635 $ 1619553 $ 1639757 $ 1581297 net interest yield 2013. yield cib markets assets. excluding cib markets 3. 25%.25 %. 85%. 85 %. 59%. 59 % interest includes hedges.\n taxable-equivalent amounts applicable.\n reconciliation net interest income reconciliation.\n results page 57.\n information page 69.\n calculation.\n non-gaap financial measures.\n book value per share stockholders equity period-end overhead ratio noninterest expense net revenue return assets average assets return equity return equity book value per share income reviews adjusted expense noninterest legal expense non-gaap financial measure.\n credit metrics ratios exclude pci loans non-gaap.\n understand effect results performance.\n information credit metrics ratios loans credit investment risk management pages 102-123.\n year ended december 31 millions 2018 2017 2016\ninterest income 2013 $ 55687 $ 51410 $ 47292\n cib markets 3087 4630 6334\n excluding cib markets $ 52600 $ 46780 $ 40958\n interest-earning assets $ 2229188 $ 2180592 $ 2101604\n cib markets 540835 520307\n $ 1619553 $ 1639757 $ 1581297\n interest yield assets 2013 2. 50%. 50 %. 36%. %. 25%. %\n markets. 51. 86. 22\n 3. 25%. 25 % 2. 85%. 85 %. 59%. 59 %\n. interest income yield excluding metrics non financial measures.\n lending investing deposit-raising.\n non-markets-related net income yield.\n fixed income equity markets.\nbelieves disclosure non-related income yield provides investors trends institutions lending investing deposit-raising.\n year december 31 millions 2018 2016 net interest income 2013 $ 55687 $ 51410 $ 47292 less cib markets 6334 excluding markets $ 52600 $ 46780 $ 40958-earning assets $ 2229188 $ 2180592 $ 2101604 less 540835 520307 $ 1619553 $ 1639757 $ 1581297 interest yield 2013. 50%. 36%. 25%. markets. excluding 25%. 85%. % 59%. includes effect hedges.\n taxable-equivalent amounts applicable.\n reconciliation net interest income.\n results page.\n information page 69.\n calculation.\n measures.\nnon-gaap measures calculated book value per share stockholders 2019 equity-end overhead ratio noninterest expense net revenue return assets average assets return common equity stockholders 2019 equity return common equity book value per share 201d-end net income reviews adjusted expense noninterest legal expense non-gaap.\n credit metrics ratios exclude pci loans non-gaap.\n help effect results performance.\n credit investment risk management pages 102-123."
}
{
    "_id": "dd4babea2",
    "title": "",
    "text": "long term.\n focused relationships with multinational carriers airtel.\n vodafone.\n investments revenue growth.\n emerging markets ghana india nigeria uganda wireless networks less advanced initial voice networks deployed underdeveloped areas.\n consumers utilize basic wireless services feature phones advanced device penetration low.\n early-stage data network deployments underway.\n carriers voice network build-outs investing data networks.\n south africa latin america initial voice networks built out carriers focused 3g investments 4g.\n consumers adopting smartphones advanced devices usage bandwidth-intensive mobile applications growing.\n spectrum auctions carriers data deployments entrants investments.\n smartphone penetration wireless data usage quality.\n germany carriers deploying 4g data networks usage.\nhigher smartphone advanced device penetration higher per capita data usage carrier investment focused on 4g coverage capacity.\n network technology migration united states denser networks business commencements replicated advanced international markets.\n expect leverage international portfolio 60190 communications sites relationships customers sustainable long-term growth.\n holistic master lease agreements tenants long revenue reduction churn.\n partnerships collocation cycle times equipment.\n revenue growth.\n 2015 grew portfolio communications real estate acquisition construction 25370 sites.\n asia emea latin america markets tenant pass- through revenues expenses.\n evaluate opportunities acquire communications real estate portfolios domestically internationally risk-adjusted existing portfolio.\n new sites 2015 2014 2013\n.\n latin\n property operations expenses.\noperating expenses property segments include site level ground rent power fuel costs passed to tenants property taxes repairs maintenance.\n exclude selling administrative development expenses aggregated consolidated statements operations.\n expenses increase adding tenants modestly year-over-year.\n leasing additional space new tenants provides cash flow.\n incur additional"
}
{
    "_id": "dd4bac24e",
    "title": "",
    "text": "2017 form 10-k.\n long term economics positive outlook supply demand.\n 2022 refinery petrochemical industrial projects refineries oversupplied landscape 2018 industry globalizes refiners local demand export potential.\n petrochemicals healthy demand cost-advantaged supply projects 2018.\n industrial market infrastructure policy changes power decentralized.\n growing demand 2018.\n industrial metrics digital solutions.\n portfolio positioned compete deliver unique solutions.\n optimistic long-term economics flexibility volatility assumptions.\n 2016 solar wind additions exceeded coal gas.\n renewable energy.\n renewables cost decline fossil capacity significant impacts.\n long-term outlook strong.\n demand energy supply service intensity advanced technology.\n focused innovative cost-efficient solutions operating economic performance.\nenvironment discussion analysis summarizes factors affecting results operations financial condition liquidity position december 31 2017 2016 2015 read with consolidated financial statements notes.\n amounts millions computed based hundreds.\n may not equal total.\n operate in 120 countries find evaluate drill produce transport process hydrocarbon resources.\n revenue generated from sale products services to independent oil natural gas companies dependent on spending customers for gas exploration field development production.\n spending driven by factors customers forecasts future energy demand supply access resources ability capital programs impact new government regulations expectations for oil natural gas prices cash.\n summarized averages daily closing prices periods.\n 2016 2015\n oil prices /bbl 54. $ 43. 64 $ 52.\n.\n.\n.natural gas prices. 99 52. 62 energy brent price barrel"
}
{
    "_id": "dd4c0289c",
    "title": "",
    "text": "7.\n management analysis financial condition results operations international energy company operations. canada africa middle east europe.\n operations three segments 2022 e&p explores produces markets liquid hydrocarbons natural gas.\n 2022 osm mines extracts transports bitumen oil sands alberta canada upgrades synthetic crude oil vacuum gas oil.\n 2022 ig produces markets products natural gas.\n forward-looking statements trends affecting business.\n future outcomes uncertain.\n cautionary language factors future outcomes differ.\n additional risk factors see item 1a.\n risk factors annual report form 10-k.\n financial item 1.\n.\n 8.\n financial statements supplementary data annual report form 10-k.\njune 30 2011 marathon two energy companies marathon oil mpc.\n shareholders june 27 received one share mpc stock two shares.\n fractional shares not distributed sold market received cash payment.\n tax ruling june 2011 tax-free nature spin-off.\n discontinued operations annual report form 10-k.\n financial.\n 2013 market conditions production prices crude oil natural gas impact revenues cash flows.\n crude oil volatile.\n 2011 increased 2010 brent wti.\n brent prices $ 75 to $ 85 per barrel.\n low $ 33. 98 february 2009 recovered 2009 $ 79. 36.\n crude oil natural gas price averages three years.\n wti crude oil bbl $ 95. 79. 62\n brent crude oil 111. 79\nhenry hub natural gas mmbtu $ 4.\n crude oil bbl 95. 79. 61 62 brent crude oil bbl. hub natural gas mmbtu 4.\n.\n crude oil production 58 percent sour 2011 68 percent 2010.\n sulfur.\n heavier higher refining costs lower refined product values.\n crude oil production brent.\n differential brent prices 2011 $ 16. 15 $ 1. 2010."
}
{
    "_id": "dd4b8e1ae",
    "title": "",
    "text": "consolidated financial statements union pacific corporation subsidiary companies references 201ccorporation subsidiaries railroad company.\n.\n class i railroad.\n network 32236 route miles pacific gulf coast ports midwest eastern.\n gateways mexican gateways.\n own 26039 miles operate remainder trackage rights leases.\n serve western two-thirds country coordinated schedules rail carriers freight atlantic pacific coast southeast southwest canada mexico.\n export import traffic gulf coast pacific coast ports mexican canadian borders.\n railroad subsidiaries affiliates reportable operating segment.\n financial results segment.\n revenues contracts freight.\n reclassified six commodity groups agricultural energy industrial premium.\n disaggregation freight revenues.\nagricultural 4469 4303 4209\n energy 4608 4498 3715\n industrial 5679 5204 4964\n premium 6628 5832 5713\n freight revenues $ 21384 $ 19837 18601\n subsidiary revenues 881\n accessorial revenues 502 458 455\n operating revenues $ 22832 $ 21240 $ 19941\n customers. origination outside.\n commodity mexico.\n freight revenues $ 2. 5 billion 2018 $. billion 2017 $. billion 2016.\n consolidated financial statements accounting principles.\n.\n.\n union pacific corporation subsidiaries.\n affiliated companies 50% % equity.\n intercompany transactions eliminated.\n majority-owned investments consolidation interest.\n maturities three months less.\n."
}
{
    "_id": "dd4b9d988",
    "title": "",
    "text": "operating expenses $ 2. billion increase 8% over 2000.\n adjusted citistreet grew 10%.\n growth 2001 lower than 20% growth 2000.\n reduced growth revenue slowed.\n growth reflects higher expenses salaries employee benefits information systems communications.\n 1999.\n salaries employee benefits $ 1663  $ 1524 $ 1313 9 % 11% ( 11 %\n information systems communications 365 305 287\n processing services 247 268 237\n occupancy 229  201 188\n total operating expenses $ 2867  $ 2644  $ 2336\n employees 19753 17604 17213\n expenses salaries benefits increased $ 139million 2001 $.\n 2100 additional staff new business.\n increase offset by lower incentive-based compensation.\nsystems communications expense $ 365 million 2001 up 20%.\n citistreet increased 22%.\n investment software hardware increased staffing.\n transaction processing services $ 247 million down $ 21 million 8%.\n contract services fees brokerage securities settlement.\n.\n occupancy $ 229million up 15%.\n state street growth leasehold improvements operational costs.\n expenses $ 363 million up $ 17 million 5%.\n services advertising.\n increase $ 21 million increase amortization goodwill acquisitions.\n eliminated 2002.\n street $ 38 million. share amortization expense.\n cost containment discretionary spending.\n street corporation"
}
{
    "_id": "dd4bbf8e4",
    "title": "",
    "text": "2022.\n attorney 2019s office district maryland inspector general small business administration served subpoena on pnc documents relationship with sba-guaranteed loans jade capital investments  llc 201d other pnc sba guaranteed loans businesses maryland commonwealth virginia washington dc.\n jade loans identified indictment charging jade bank fraud violations federal bank fraud statute money laundering.\n pnc cooperating with.\n attorney 2019s office maryland.\n regulatory governmental investigations audits inquiries note 23.\n pnc persons indemnification obligations subject to pending legal proceedings claims monetary damages relief.\n anticipate liability financial position.\n determine claims results operations future reporting period loss claim income reported period.\nnote 24 commitments guarantees visa indemnification obligations officers directors employees agents companies.\n equity funding unfunded commitments december 31 2013 private equity investments $ 164 million.\n risk participations institutions support obligations third parties insurance requirements transactions capital markets.\n letters ratings table 151 letters billions $ 10. 5 $ 11. credit ratings portfolio.\n 2013\n $. $ 11.\n credit ratings\n 96% 95% 95 %\n 4% 4 5% 5 %\n exclude participations $ 3. 3 billion $ 3. 2 billion financial institutions december 31 2013 2012.\n include $ 6. 6 billion $ 7. 5 billion remarketing programs.\n risk loss low.\n higher risk default.\ncustomer fails financial obligation third party remarketing program beneficiary make payment.\n standby letters of credit outstanding december 31  2013 terms less 1 year to 6 years.\n assets $ 2. 0 billion secured standby letters credit.\n remaining secured by collateral guarantees.\n liability was $ 218 million december 31.\n standby bond support municipal bond obligations.\n commitments $ 1. 3 billion.\n liquidity facilities receivables.\n no commitments.\n pnc financial services group.\n 2013 form 10-k"
}
{
    "_id": "dd4bf0eb2",
    "title": "",
    "text": "theme parks segment 2013 operating costs expenses operations repairs maintenance administrative expenses food beverage merchandise labor sales marketing.\n increased 2015 2014 additional costs orlando hollywood theme parks newer attractions fast fur food beverage merchandise costs attendance.\n increased 2015 $ 89 million universal studios japan $ 22 million transaction costs theme park china.\n nbcuniversal headquarters overhead personnel corporate initiatives.\n increased 2015 2014 higher employee-related costs severance costs % % change.\n revenue $ 766  $ 709  $ 600  8. 0%. 18. 1%.\n operating costs expenses 1664  1487 1089 11.\n operating loss before depreciation amortization $ -898 ( 898 $ -778 ( $ -489 ( 489.5 %.\n 2013 revenue comcast spectacor owns philadelphia flyers wells fargo center arena operates arena management businesses.\n revenue increased 2015 2014 due food services new contracts.\n increase 2014 acquired businesses.\n 2013 operating costs expenses overhead personnel initiatives branding.\n time warner cable merger divestiture $ 178 million $ 237 million 2015 2014 costs expenses increased 19% 19 % ) 2015.\n due $ 56 million contract settlement business initiatives new contracts.\n increased 2014 due $ 237 million time warner cable merger new contracts.\n 2015 annual report form 10-k"
}
{
    "_id": "dd4b882ae",
    "title": "",
    "text": "exercise stock options price.\n company issued new shares.\n recorded $ 43 million $ 34 million $ 44 million stock awards 2015 2014 2013.\n $ 17 million $ 13 million $ 17 million tax benefit stock awards options.\n recognized tax benefits $ 41 million $ 53 million $ 32 million issuance settlement awards $ 4 million $ 5 million $ 4 million exercise stock options.\n unrecognized compensation less than $ 1 million 2014. $ 25 million 2015 2014 2013. years.\n no unrecognized compensation expense stock options.\n expense recognized december 31 2013.\n.\n quarterly financial results years december 2015 2014 tables.\nmillions share 2015 1st 2nd 3rd 4th qtr\n sales service revenues $ 1570 1745 1800 1905\n operating income 156 269 200\n taxes 133 244 175\n net earnings 87\n dividends share.\n earnings loss share $ 1. 80 3.\n diluted earnings loss share $ 1. 79.\n second quarter 2015 $ 59 million goodwill impairment.\n $ 136 million operating income.\n fourth quarter $ 16 million goodwill impairment $ 27 million intangible asset impairment."
}
{
    "_id": "dd4b86f44",
    "title": "",
    "text": "new business model retail segment risky significant investment current economic climate fixed operating expenses.\n results dependent risks uncertainties future results financial condition. product backlog not future business prospects.\n increases new product introductions over- ordering.\n reduced sufficient supply.\n backlog reliable indicator revenue financial performance.\n information \"factors future results financial condition. gross margin three fiscal years 2002 increased to 28% ( 28 % ) net sales 2002 from 23% ( 23 % 2001.\n 2001 low negative gross margin 2% first quarter.\n quarterly gross margins declined 2002 from 31% 31 % first to 26% ( 26 % ) fourth quarter.\n decline component costs aggressive pricing.\n anticipates gross margin under pressure 2003 weak economic conditions flat demand pressure prices.\nstatements gross margin 2003 demand for computers forward- looking.\n could differ factors future results. no assurance current margins targeted levels.\n gross margins under downward pressure due to global pricing pressures increased competition compressed product life cycles cost raw material manufacturing services changes product mix higher sales lower prices lower gross margins.\n company expects pricing actions.\n gross margins affected quality warranty costs stimulate demand.\n operating strategy pricing changes foreign currency exchange rates results affected by fluctuations exchange rates.\n orders components builds inventory.\n markets volatile risk excess inventories.\n operating results financial condition affected by inventory levels purchase commitments demand.\n gross margin declined to 23% ( 23 % net sales 2001 from 27% 2000.\ndecline margin negative 2% 2 % first quarter 2001 26% 2000.\n.\n 2002\n net sales $ 5742 5363 7983\n cost 4139\n margin $ 1603 1235 2166\n 28% 23% 27% 27 %"
}
{
    "_id": "dd4bfe0da",
    "title": "",
    "text": "contracts purchase orders arrangement.\n shipping documents delivery.\n company assesses selling price payment terms sales refund adjustment.\n assesses collectibility creditworthiness payment history.\n accruals returns defective based experience.\n rebates incentives pricing agreements tied to sales volume.\n changes returns differ estimated.\n sales.\n compensated absences.\n changed vacation policy vacation pay earned year-end.\n accrual compensated reduced $ 1. million 2001.\n advertising.\n costs charged operations $ 18. $ 16. $. million 2003 2002 2001.\n research development.\n costs $ 34. $ 30. $ 27. million.\n.\n warranties one to six years accepted market.\n records liability expected cost warranty-related claims sale.\n allocation warranty liability claims product failure rates.\n.\naccounting policies table presents 2019s product warranty liability activity 2003 2002 environmental costs.\n accrues losses obligations probable estimable.\n future expenditures not discounted present value.\n recoveries recorded assets.\n accruals adjusted facts circumstances change.\n compensation.\n stock-based employee compensation plan 11.\n.\n record compensation cost.\n accounting principles.\n.\n shares fixed price equals market price stock no compensation expense recognized.\n compensation cost determined fair value grant date.\n 2019s earnings per share.\n years december 31 2003 2002\n balance beginning year $ 63. $ 69.\n 29.\n claims settled.\n warranty waiver.\n end year $ 62. $ 63.\nconcessions customer agreed responsibility units purchased defective.\n warranty reserve units reclassified product warranty liability deferred revenue account."
}
{
    "_id": "dd4c1d1ec",
    "title": "",
    "text": "accounting estimates consolidated financial statements include amounts.\n determined using estimates assumptions.\n amounts could differ.\n items subjective estimates unpaid loss expense reserves asbestos environmental future policy benefits reserves valuation value business acquired amortization deferred policy acquisition costs risk transfer insurance reinsurance contracts reinsurance recoverable uncollectible reinsurance investment portfolio impairments deferred tax assets derivative instruments benefits valuation goodwill.\n accounting policies.\n discussion information estimates assumptions with sections prior period development asbestos environmental liabilities reinsurance recoverable investments net realized gains losses income expense items.\n insurance reinsurance company required to establish loss expense reserves for unpaid liability under policies agreements with insured customers.\nestimate liabilities includes provisions claims reported unpaid future obligations additional development.\n loss reserves include expenses processing settling unpaid claims.\n december 31 2009 gross unpaid reserves were $ 37. 8 billion net unpaid $ 25 billion.\n settlements loss reserves not discounted time value.\n net reserves $ 76 million.\n table roll-forward unpaid losses expenses years december 31 2009 2008.\n. 2009 losses reinsurance\n balance year $ 37176 $ 12935 $ 24241 37112 $ 13520 $ 23592\n losses expenses incurred 11141 3719 7422 10944 3341 7603\n losses expenses paid -11093 -4145 -6948 -9899 -3572 -6327\nexchange revaluation 559 236 323 -1367 -387\n losses expenses 2013 386 33\n $ 37783 12745 25038 37176 12935 24241\n uncollectible reinsurance"
}
{
    "_id": "dd4b937e4",
    "title": "",
    "text": "2012 company granted employees 139 thousand rsus performance measures market thresholds.\n awards vested january 2015.\n performance goals market thresholds rsus surpassed 175% awards distributed awards forfeited.\n 2015 additional 93 thousand rsus granted performance thresholds exceeded.\n 2015 2014 2013 granted rsus without performance conditions employees 2007 plan.\n without vest three year.\n distribution contingent performance measures market thresholds.\n 2014 2013 granted rsus non-employee directors 2007 plan.\n vested date grant distribution 30 days 15 months after grant separation service.\n total grant date fair value recorded operation maintenance expense.\n vest one to three years.\n service-only conditions internal performance measures valued market value closing price company common stock date grant.\ngranted market valued monte carlo model.\n volatility historical stock.\n term years risk-free interest rate three-year.\n treasury rate.\n weighted-average assumptions monte carlo simulation grant date values december 31.\n volatility 14. 93%. 93 % 17. 78%. 19. 37%. 37 %\n risk-free interest rate. 07% % 75%. 75 %. 40%. 40 %\n life 3.\n grant fair value per share $ 62. $\n value restricted stock awards market conditions amortized expense-vesting.\n amortized operations expense.\n unrecognized compensation cost nonvested restricted stock units recognized. 4 years.\n grant date fair value $ 12 11 $ 9 years 2014 2013."
}
{
    "_id": "dd4c3f5b2",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries consolidated financial statements firm 2019s brokerage clearing businesses agrees to clear settle transactions with other brokerage firms.\n obligations secured by assets client 2019s account proceeds from transactions cleared settled.\n firm may issue loan guarantees fraud misappropriation environmental liabilities.\n maximum payout.\n management believes unlikely material payments no material liabilities recognized in statements financial december 2016 2015.\n.\n firm provides counterparties indemnifies against losses breach.\n provide indemnifications against.\n tax laws.\n provide indemnifications counterparties additional taxes owed payments withheld.\n tax laws.\n indemnifications standard contractual terms business.\n no stated notional amounts contingencies triggering obligation not expected.\nfirm maximum payout under guarantees.\n management believes unlikely material payments no liabilities recognized in financial december 2016 2015.\n.\n group.\n guarantees securities gs finance corp. subsidiary.\n guaranteed obligations goldman sachs co.\n. gs bank exceptions.\n.\n guarantees obligations subsidiaries transaction-by transaction.\n.\n maximum payout subsidiary guarantees guaranteed obligations subsidiaries. liabilities not disclosed.\n.\n dividends per share $ 2. 60 2016. 55 2015. 25 2014.\n.\n dividend $ 0. 65 per common share paid march 30 2017.\n share repurchase program common equity.\n open-market purchases determined by current capital position market conditions price trading volumes common stock.\nrepurchasing common stock firm confirmation federal reserve board actions.\n table common stock repurchased program.\n 2016 2015 2014\n share repurchases 36. 22.\n cost per share $ 165. $ 189. 171.\n cost $ 6069 4195 5469\n"
}
{
    "_id": "dd4c1fdac",
    "title": "",
    "text": "republic services.\n financial statements 2014 quality financial institutions.\n balances fdic insured limits.\n monitor credit worthiness financial institutions deposits.\n credit risk trade accounts limited variety customers markets dispersion operations.\n small large industrial municipal residential united states puerto rico.\n credit evaluations require collateral.\n allowance doubtful accounts credit risk age historical trends economic conditions.\n collection transfer recycling disposal energy.\n recorded billed earned claims settled cash.\n estimated realizable value.\n provisions evaluated monthly collection experience age information economic conditions.\n review balances.\n reserves provided accounts 90 days.\n past due balances written-off unsuccessful.\n activity allowance doubtful accounts years december 31.\n 2015 2014\n balance beginning year $ 46.$ 38. 9 $ 38. 3\n additions 20. 4 22. 7 22. 6\n accounts written-off. 1 23. 9. 22.\n balance end year $ 44. $ 46. 7 $ 38. 9\n restricted cash securities december 31 2016 $ 90. million $ 62. 6 million insurance workers compensation liability auto liability.\n obtain funds tax-exempt bonds expenditures landfills transfer stations collection recycling centers.\n deposited trust accounts.\n restricted cash securities balance sheets.\n financial assurance agencies collection contracts environmental remediation permits business licenses.\n cash restricted trust funds escrow accounts.\n.\n expenditures additions improvements maintenance repairs.\n"
}
{
    "_id": "dd4bbf27c",
    "title": "",
    "text": "costs board resin operating costs.\n european sales $ 380 million 375 2011.\n operating profits $ 100 million.\n sales volumes decreased european russian.\n price higher lower.\n input costs flat.\n maintenance downtime costs higher.\n quarter 2014 sales volumes flat.\n price higher russia.\n costs increase wood energy pulp.\n no maintenance outages costs rebuild coated board machine.\n packaging sales $ 1. billion 2013 830 million 2012 855 million 2011.\n profits $ 2 million 4 million 35.\n sales volumes increased coated paperboard machine.\n sales price realizations lower competitive pressure.\n freight costs.\n start-up profits.\n first quarter 2014 sales volumes increase.\n flat.\n costs higher pulp energy chemicals.\nmargin improvement operational excellence distribution north america leading manufacturers facility managers printers solutions efficiency reduce costs results.\n customer demand sensitive economic behavior corporate advertising government manufacturing.\n margins stable.\n best choice value.\n efficient customer service cost-effective logistics working capital management profitability.\n.\n sales $ 5650\n profit\n 2013 sales decreased 6% % 2012 15% 2011.\n profits $ million million 22 million 2012 34 million sales printing papers graphic arts supplies $ 3. 2 billion 2013. billion 2012 $ 4. billion 2011 declining demand discontinuation agreement manufacturer.\n margins printing papers down 2012 2011.\n revenue packaging flat $ 1. 6 billion decline.\n packaging margins flat 2012 2011.\nrevenue $ 845 million 2013 944 2012 981 2011.\n goodwill $ 400 million reorganization $ 32 million.\n 2012 2011 49 million 52 million.\n 2014 profits lower cost reduction initiatives."
}
{
    "_id": "dd4c55d80",
    "title": "",
    "text": "yoplait license agreement.\n pre-tax gain $ 5. million.\n 2018 acquired blue buffalo pet products.\n purchase price $ 8. billion $ 103. million net debt.\n subsidiary general mills merged blue wholly owned.\n equity holders received $ 40. per share cash.\n financed $ 6. billion debt $ 1. billion equity cash.\n 2019 $ 25. million.\n 2018 $ 34. million $ 49. million interest.\n consolidated buffalo goodwill $ 5. billion-lived intangible asset $ 2. billion finite-lived customer relationship asset $ 269. million.\n future growth.\n not deductible tax.\n 2019 adjustments purchase accounting liabilities $ 5. million increase goodwill.\n consolidated results pet segment.\nunaudited information blue 2017.\n net sales $ 17057. $ 16772.\n earnings general mills 2252. 1540.\n 2017 amounts transaction integration costs $ 83. 9 million purchase accounting adjustment $ 52. 7 million.\n 2018 interest expense $ 238. 7 million debt amortization expense $ 13. 5 million.\n increase cost sales $ 1. 6 million 2017 $ 5. 1 million 2018 impact inventory valuation blue results.\n tax effects $ 125. 1 million 2017 $ 14. 5 million 2018.\n not indicative future results.\n.\n 2019 $ 192. 6 million charge intangible assets.\n.\n $ 14. 8 million charge restructuring manufacturing assets north america retail asia latin america segments."
}
{
    "_id": "dd4ba5c0a",
    "title": "",
    "text": ".\n table summarizes cash securities.\n financing proceeds $ 39. 8 $ 93. 1\n capping closure post-closure obligations 61. 62. 4\n self-insurance 63. 65.\n. 19\n restricted cash securities $ 172. 8 $ 240. 5\n own 19. 9%. interest company financial surety bonds obligations solid waste.\n cost.\n no.\n investee parent company surety bonds landfill operations $ 855. million $ 775. 2 million outstanding december 31.\n reimbursement obligations secured indemnity agreement investee letters credit $ 45. 0 million $ 67. 4 million.\n no debt obligations leases assurances.\n transactions obligations.\n third-party debt.\n contracts indemnification clauses.\n recorded financial statements.\n indemnifications relate to contingent events additional taxes adverse interpretation divestiture agreements liabilities activities.\n obligations financial position results operations cash flows.\n agreements with property owners guarantee value property adjacent to landfills.\n agreements varying terms.\n obligations financial position results operations cash flows.\n business activities statutory regulatory framework.\n regulation waste management requires retain permits.\n permits subject to revocation modification denial.\n costs capital expenditures permits significant.\n revocation denial.\n republic services.\n notes financial statements"
}
{
    "_id": "dd4bcf956",
    "title": "",
    "text": "31 2008 2007 2006 millions.\n gain disposition adjustment acquired assets obligations -9. 9. -1. 19.\n consulting professional fees 10. 8\n employee severance retention.\n technology integration.\n-process research development 38. 6\n.\n facility employee relocation 7.\n acquisitions 7. 4.\n sales lease contract terminations 8. 5.\n 3. 5. 3\n acquisition integration 68. 5 25. 6.\n gain adjustment assets obligations 2008 adjustment liabilities.\n sale centerpulse land facilities gain $ 5. 1 million settlement pre acquisition contingent liabilities.\n offset $ 13. 4 million impairment charge centerpulse tradename trademark intangibles.\n-process research development charges 2008 acquisition.\nresearch development charges 2007 acquisitions endius orthosoft.\n fees third party integration consulting tax compliance logistics human resources legal fees acquired businesses.\n cash equivalents liquid investments maturity three months less cash equivalents.\n carrying amounts valued cost fair value.\n restricted cash escrow insurance coverage.\n inventories slow-moving lower cost first-in first-out.\n property plant equipment cost less accumulated depreciation.\n useful lives ten forty years buildings improvements three eight years machinery equipment.\n maintenance repairs expensed.\n financial accounting standards.\n property impairment value recoverable.\n impairment loss future cash flows less carrying amount.\n loss fair value.\n software costs capitalize development costs preliminary project stage.\nsoftware costs include materials services compensation benefits for employees.\n included in property plant equipment balance amortized when software ready over estimated useful lives three to seven years.\n hand-held orthopaedic surgeons joint replacement procedures.\n long-lived assets included in property plant equipment.\n undeployed instruments carried at cost excess obsolete.\n at cost less accumulated depreciation.\n depreciation computed based on estimated useful lives.\n instruments for impairment.\n.\n depreciation recognized as selling administrative expense.\n for.\n. not amortized subject to annual impairment tests.\n.\n fair value to carrying potential impairment.\n determined based discounted cash flow analysis.\n.\n quarter.\n if fair value less than carrying value impairment loss recorded.\nassets 2013 account sfas.\n 142.\n measured fair value.\n determined fair value r h o l d i n g s.\n 2 0 0 8 consolidated financial statements job c48761 pcn|02/24/2009 06:10 valid color"
}
{
    "_id": "dd4bf15c4",
    "title": "",
    "text": "december 31 2018 2017 2016\n statutory tax rate 19. 0%. 3%. 3 % 20. %\n. income taxes. federal benefit. 4. -1 5.\n international operations -7. 3.\n nondeductible expenses 2. 3. 4\n adjustments prior year tax requirements. 9\n adjustments valuation 3. 8 -2\n tax positions.\n tax benefits compensation. 6. -8 2014\n. tax reform 7. 2014\n.\n.\n tax 11. 7%. 7 % 36. 5%. 5 % 10. 6%. 6 %\n determines adjustment taxes international operations difference statutory tax rate foreign jurisdiction enacted rate 19. 0% 3%. 3 % 20. 0%. december 31 2018 2017 2016.\nbenefit company tax international operations global operations global funding tax holiday singapore.\n impact decreased 2017 2018.\n federal tax 2016-09 excess tax benefits deficiencies share transactions.\n tax reform act transition tax re-measurement.\n deferred tax assets liabilities 35% 21% withholding tax allocation tax benefit foreign tax credits."
}
{
    "_id": "dd4976d62",
    "title": "",
    "text": "operators open-loop closed-loop retail electronic payments networks visa mastercard american express discover jcb diners.\n exception discover united states other operators multi- national global providers payments.\n volume transactions cards visa largest retail electronic payments network.\n chart compares network competitors 2007 payments volume transactions cards billions.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 2457 3822.\n payments volume transactions cards millions\n. 2457 3822\n mastercard.\n american express.\n.\n.\n diners.\n.\n.\n report issue 902 2008 903.\n.\nexclude visa europe.\n competitors include european operations.\n include electron interlink brands.\n proprietary cash volume not.\n domestic china figures excluded.\n mastercard pin-based debit not maestro cirrus.\n china commercial funds transfers excluded.\n american express discover include third-party issuers.\n jcb figures april 2006 march 2007 outlets september 2007.\n transaction figures estimates.\n revenue transaction processing services.\n visa products payment services consumers merchants.\n payments network management core ensures safe efficient interoperable service cardholders merchants financial institutions.\n routing payment information authorization clearing settlement transactions issuers acquirers.\n value-added processing services visa programs network.\n authorization transaction.\n clearing data fees charges conversion amounts"
}
{
    "_id": "dd4bcf1ae",
    "title": "",
    "text": "consolidated net cash flows $ 4. 2 billion 2010 $ 3. 2 billion 2009.\n purchases fixed maturities acquisitions rain hail jerneh insurance.\n cash flows financing $ 732 million 2010 $ 321 million 2009.\n dividends $ 435 million $ 388 million.\n proceeds $ 699 million long-term debt $ 1 billion reverse repurchase agreements $ 300 million credit facility borrowings.\n offset by repayment $ 659 million debt share repurchases million.\n $ 500 million long-term debt repayment debt reverse repurchase agreements $ 466 million.\n financial condition cash flows.\n settle returns inflation economic conditions.\n insured loss.\n reverse repurchase agreements short-term funding.\n cash timing differences.\ndecember 31 2010 $ 1 billion reverse repurchase agreements short-term debt.\n cash agreements bank multi-currency cash pooling programs cash management-term timing mismatches.\n entities deposit accounts currencies credit balances translated.\n dollars.\n bank extends overdraft credit balance zero.\n cash balances not co-mingled.\n entities incur overdraft balances timing mismatches guaranteed $ 150 million.\n revolving credit facility same day drawings net pool overdraft withdraw funds.\n capital business operations.\n table summarizes capital resources december 31 2010 2009.\n millions. dollars\n short-term debt $ 1300 $ 161\n long-term debt 3358\n debt 4658\n preferred securities 309\n shareholders equity 22974 19667\ncapitalization $ 23295\n debt 16. 7%. 7 % 14. 2%. 2 %\n 17. 8%. 8 % 15. 6%. 6 %\n debt increased short-term debt.\n ratios decline six nine months short-term debt.\n financial strength obtain funds debt equity financing.\n markets market conditions financial strength.\n accessed debt equity markets."
}
{
    "_id": "dd4b8c41c",
    "title": "",
    "text": "capital deployment program subject to market economic conditions legal requirements factors.\n obligate dividend payment dividends suspended.\n performance graph material with securities exchange commission incorporated future filings securities act 1933 exchange act.\n graph compares stockholder return common stock standard 2019s 500 stock index amex airline index 2013 2015.\n assumes $ 100 invested 2013 stock assumes reinvestment dividends.\n performance historical not indicative of future price performance.\n american airlines group. 103 219 175\n amex airline index\n s&p 500 114 113\n purchases equity securities since 2014 board approved share repurchase programs $ 7. 0 billion december 31 2015 $ 2. 4 billion unused"
}
{
    "_id": "dd4c4eac6",
    "title": "",
    "text": "financial statements 2014 april 23 2010 board approved share repurchase program $ 100. million global payments 2019 stock market market conditions business opportunities.\n repurchased 2382890 shares common stock $ 100. million average $ 41. 97 per share commissions.\n shares treasury stock.\n $ 13. million remaining original repurchase program 2007.\n shares retired available future issuance.\n 2010.\n authorization no expiration terminated.\n may 31 2010 four employee compensation plans.\n 2006 compensation expense recognized straight-line.\n amortized.\n non-qualified stock options restricted stock granted officers employees directors global payments.\n 2000 long-term incentive plan.\n non-employee director stock option plan.\n no future grants 2000 plan.\nfuture grant may 31 2010 2. 7 million 2005. 4 million director plan.\n executives granted performance-based restricted stock units.\n right earn shares global stock performance measures achieved.\n target compensation committee.\n converted stock grant performance exceeds goals table summarizes share-based compensation cost stock options employee stock purchase plan restricted stock program.\n total income tax benefit.\n 2009 share-based compensation cost $ 18. $ 14. 13\n tax benefit $ -6. -5\n granted 100% fair market value grant 10-year terms.\n after shares two years three years remaining four years.\n accelerated vesting.\n issued new shares options."
}
{
    "_id": "dd49741fc",
    "title": "",
    "text": ".\n 26% 2017 sales international markets.\n sells wholesalers home centers mass merchandisers industrial distributors.\n sales 23% net sales plumbing segment 2017.\n competitors delta kohler american standard insinkerator imported-label brands.\n.\n manufactures sells fiberglass steel entry door systems therma-tru fypon.\n benefits energy-efficient synthetic materials.\n products fiberglass residential patio door systems.\n.\n customers home centers building wholesale distributors specialty dealers remodeling renovation.\n sales home depot 14% net sales doors segment 2017.\n competitors masonite jeld-wen plastpro pella.\n.\n products locks safety security devices electronic security products master lock fire resistant safes security containers commercial cabinets sentrysafe.\n.canada central america japan australia.\n 25% 2017 sales international markets.\n manufactures sells key-controlled padlocks bicycle cable locks built-in locker locks door hardware automotive trailer towing locks electronic access control safety security devices retail.\n sells lock systems fire resistant safes locksmiths industrial institutional users original equipment manufacturers.\n sales home depot 18% sales security segment.\n master lock competes abus.\n brady hampton kwikset schlage assa abloy sentrysafe first alert magnum fortress stack-on fire king.\n net sales three fiscal years.\n 2467. 2397. 2173.\n.\n.\n.\n 5283. 4984. 4579.\n information note consolidated financial statements 8.\ntable indicates principal raw materials segments.\n available.\n volatility prices energy impacts cost manufacturing."
}
{
    "_id": "dd4b9ec5c",
    "title": "",
    "text": "59 94 financial statements subsidiaries.\n debt long-term debt obligations december 31 2007 maturities $ 127. 1 million $ 160 $ 388. 4 million 625. 1 $ 550. 3 million 2008 2012 $ 456. 1 million.\n letters credit liabilities industrial bonds self-insurance arrangements.\n 2007 2006 $ 41 million $ 52. 4 million.\n credit guaranteed subsidiaries.\n.\n 22.\n not default loan 2007 debt obligations.\n.\n bond agreements restrictions dividend payments share repurchases investments financial ratios guarantees indebtedness.\n march 27 2006 expanded secured credit $ 500 million loan october 2011.\n issued. $ 450 million. senior notes yield maturity. 65 percent due march 2018.\n proceeds.\nlower interest rates north american plastic assets reduce working capital debt.\n. october 2005 refinanced senior credit facilities extend debt maturities lower additional borrowing capacity growth.\n third fourth quarters 2005 redeemed 7. 75%. senior notes 2006.\n refinancing redemptions debt refinancing charge $ 19. 3 million $ 12. million tax unamortized debt costs.\n interest cost.\n 2007 2006\n costs refinancing $ 155. 142. $ 102.\n refinancing.\n 155.\n.\n $ 149. 134. 116.\n $ 153. 125. 138.\n. million 2005 redemption senior notes."
}
{
    "_id": "dd498989a",
    "title": "",
    "text": "exiting business japan economic weakness political unrest thailand offset growth new zealand emerging markets.\n reinsurance commissions fees revenue increased 48% benfield merger foreign currency translation.\n revenue even 2008 domestic pricing client retention declines investment banking placements.\n increased $ 54 million 2008 $ 900 million 2009.\n margins. 3%. up.\n merger benfield lower e&o costs insurance pension curtailment gain $ 54 million 6 million anti-corruption compliance 35 million restructuring.\n offset $ 140 million restructuring costs 95 million lower fiduciary investment income benfield integration costs higher amortization intangible assets unfavorable foreign currency translation.\n.\n revenue\n income\n.\n consulting segment generated 17% revenues 2009 human capital services.\nhealth benefits advises employee benefit programs.\n health welfare executive benefits workforce strategies productivity management benefits administration data health compliance employee commitment investment benefits.\n.\n actuarial consulting investment tax pension administration.\n.\n compensation planning executive reward strategies salary survey benchmarking market share studies sales force effectiveness financial services technology industries.\n.\n capital advice talent change effectiveness strategy on-boarding performance management leadership assessment communication strategy workforce training change management.\n outsourcing employment processing performance improvement benefits administration services.\n credit markets financial markets uncertainty.\n economic downturn financial.\n demand price business."
}
{
    "_id": "dd4bba6b4",
    "title": "",
    "text": "2004 acquisitions february shares accelerant networks.\n $ 23. million assets analog design automation.\n $ 12. 2 million.\n acquired ip solutions.\n analog mixed.\n october 2004 cascade semiconductor solutions.\n upfront $ 15. 8 million contingent $ 10. million performance milestones three years.\n $ 2. 1 million fourth quarter 2005 allocated goodwill.\n acquired cascade ip provider.\n accelerant cascade acquisitions acquisition costs $ 4. 3 million legal accounting fees charges.\n october 2006 paid costs.\n 2004 two asset acquisition $ 12. 3 million upfront.\n research development expenses $ 1. 6 million 2004.\n not consolidated balance sheet results.\n paid costs.\ncompany allocated purchase assets liabilities acquired intangible assets values goodwill $ 24. 5 million.\n assets technology $ 44. million amortized three five years.\n amortization revenue statements.\n.\n goodwill.\n balance october 31 2004 $ 593706\n 169142\n adjustments -33869\n october 31 2005 $ 728979\n october 31 2006 $ 735643\n 2005 goodwill $ 72. 9 million $ 92. 4 million contingent consideration earned $ 1. 7 million $ 2. 1 million.\n reduced goodwill tax reserves! expiration federal statute limitations."
}
{
    "_id": "dd4b9f602",
    "title": "",
    "text": "management financial condition state street corporation table 30 deposits balance.\n millions 2017 2016\n client deposits $ 180149 $ 176693 158996 156029\n wholesale 4747\n total deposits $ 184896 $ 187163 163808 170485\n liquid assets liquidity management strategy.\n liquidity raise funds pledging securities collateral borrowings sales.\n access global capital markets funding wholesale investors.\n state street bank membership liquidity-quality collateral.\n short-term secured funding securities lent sold.\n collateralized investment securities.\n balances $ 2. 84 billion $ 4. 40 billion december 31 2017 2016.\n line credit 1. 40 billion. canadian securities processing operations.\n termination cancelable.\n no balance outstanding.\nissue debt equity securities universal shelf registration commitments business needs transaction cash management needs.\n state street bank subsidiary issue $ 5 billion unsecured senior debt $ 500 million subordinated debt.\n liquidity high investment-grade ratings agencies.\n diverse earnings market position strong risk management capital ratios diverse liquidity sources liquidity monitoring procedures preparedness regulatory developments.\n high ratings limit borrowing costs enhance liquidity unsecured funding depositors potential market debt products markets transactions high credit ratings.\n downgrade reduction credit ratings liquidity capital markets cost funds.\n withdrawal unsecured deposits draw-downs commitments securities purchase additional collateral terminations contracts.\n majority contracts bilateral agreements changes credit ratings.\n impact collateral downgrade.\nadditional collateral termination payments derivative liabilities credit ratings disclosed note 10 consolidated financial statements item 8 10-k.\n other funding sources secured financing margin requirements no triggers affected."
}
{
    "_id": "dd4c1ddd6",
    "title": "",
    "text": "commitment to fund capital needs until funding equal to transaction.\n created new joint venture global payments brazil.\n deconsolidated global payments brazil equity accounting interest.\n recorded gain $ 2. 1 million included consolidated fiscal year may 31 2014.\n results brazil operation until restructuring 2013 not material results assets liabilities balance.\n 2013 acquired merchant portfolio republic american express for $ 1. 9 million.\n acquired assets customer-related contract-based amortization 10 years.\n 2014 acquisition 100% stock payment processing.\n for $ 420. million cash plus $ 7. 7 million working capital.\n funded acquisition cash proceeds new term loan.\n paypros provider payment solutions small-to merchants.\n products partners acquired 2012.\n expand distribution enhance integrated solutions.\nacquisition purchase price allocated assets liabilities estimated values.\n allocation preliminary valuation deferred income taxes resolution working capital settlement.\n purchase price determined historical financial statements.\n acquisition costs.\n preliminary price allocation.\n 271577\n 147500\n contract 31000\n technology 10700\n fixed assets 1680\n other 4230\n acquired 466687\n deferred income taxes\n net assets $ 427738\n north america merchant services segment $ 271. million.\n services.\n not deductible tax.\n amortization 13 years.\n technology 7."
}
{
    "_id": "dd4bbf380",
    "title": "",
    "text": "shareholder return performance graph compares annual return stock dow jones containers packaging index s&p composite 500 stock index five-year period december 31 2011.\n $ 100 invested 2006 dividends reinvested.\n dow jones containers packaging index return weighted market capitalization.\n $ 100 investment 12/31/06.\n 12/31/2006/31/2007/31/2008/31/2009/31/2010/31/2011\n 100. 104. 97. 121. 161. 170.\n containers packaging. 106. 66.\n 500. 105.\n division mcgraw-hill companies.\n.\n. researchdatagroup.\n."
}
{
    "_id": "dd4bc2e5e",
    "title": "",
    "text": "item 5.\n market common equity issuer purchases table presents quarterly high low share sale prices class common stock new york stock exchange 2006 2005.\n march 31 $ 32. $ 26.\n june 30.\n september 30. 29\n december 31. 74.\n march 31 $ 19. 28 17.\n june 30.\n 30 25.\n december 31.\n february 22 2007 closing price common stock $ 40. per share.\n february 22 2007 419988395 shares 623 holders.\n february 2004 shares b stock converted-for-one.\n february 2004 shares c common stock converted.\n august 2005 amended charter eliminate class b c stock.\n never.\n retain future earnings fund development growth business.\n 7. 50%. 50 %.125% 7. 125 % senior notes due 2012. prohibit dividends stockholders financial covenants.\n credit facilities indentures debt securities subsidiaries distribution dividend limited liability company partnership capital equity.\n subsidiaries pay dividends no default.\n 7. 25%. notes prohibit subsidiaries dividends unless covenants satisfied.\n indentures 7. 50%. 7. 125%. 125 % notes contain restrictive covenants prohibit subsidiaries dividends unless covenants.\n information restrictions see item 7 annual report 201cmanagement financial condition results operations 2014liquidity capital resources 2014factors liquidity 201d note 7 consolidated financial statements."
}
{
    "_id": "dd4bf474c",
    "title": "",
    "text": "provide to governmental agencies entities under environmental regulations landfill operations for closure costs performance collection landfill transfer station contracts.\n surety bonds letters of credit insurance policies trust deposits included in cash marketable securities assets consolidated balance sheets.\n determined by state environmental regulations.\n.\n states require third-party engineering specialist determine costs.\n from obligation.\n.\n varies by contract.\n assurance for insurance program collateral for performance obligations.\n increase in assurance requirements 2018.\n issued not considered indebtedness.\n not reflected in consolidated balance sheets record capping closure post-closure liabilities insurance liabilities incurred.\n no debt obligations operating leases assurances.\n no transactions obligations not disclosed in reported financial position results operations.\nguaranteed third-party debt.\n.\n operating activities purchases property proceeds sales consolidated statements.\n table calculates free cash flow years 31 2017 2016 2015 millions dollars.\n operating activities $ 1910. 7 $ 1847. $ 1679.\n purchases property -989. 8 989. -927. 927. 6.\n proceeds sales property 6. 9 21.\n cash flow $ 927. $ 929. $ 755.\n changes free cash flow operating investing activities."
}
{
    "_id": "dd4bf91ac",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014 operations december 31 2003.\n. august 2003 sale galaxy engineering radio frequency engineering consulting business.\n purchase price $ 3. 5 million $ 2. 0 million cash additional $ 1. 5 million payable january 15 2008.\n $ 0. 5 million january 2005.\n net loss disposal $ 2. 4 million 2003.\n may 2003 office building westwood massachusetts purchase price $ 18. 5 million $ 2. 4 million cash proceeds $ 16. 1 million mortgage.\n net loss disposal $ 3. 6 million 2003.\n january 2003 sale flash technologies $ 35. 5 million cash net gain disposal $ 0. 1 million.\nmarch 2003 company sale office building illinois rental proceeds $ 10. 3 million loss $. 1 million consolidated statement december 31 2003.\n.\n property equipment.\n towers 4134155 $ 2788162\n equipment\n buildings improvements\n land\n construction-progress\n 4739575 3270329\n accumulated depreciation amortization -996973\n equipment $ 3460526 $ 2273356\n.\n net carrying $ 2. 1 billion december $ 592. 7 million december 31 2004 rental management segment.\n increase goodwill $ 1. billion merger spectrasite.\n."
}
{
    "_id": "dd4b890be",
    "title": "",
    "text": "adjusted income excludes pension settlement charges $ 37 million $ 128 million $ 220 million 2018 2017 2016.\n adjusted items taxed estimated annual tax rate except restructuring plan expenses litigation accelerated tradename amortization impairment non-cash pension settlement charges adjusted jurisdictional rates.\n excludes impacts sale assets liabilities adjustments tax reform.\n adjusted income discontinued operations excludes gain sale $ 82 million $ 779 million $ 0 million 2018 2017 2016.\n excludes intangible asset amortization $ 0 million $ million $ 120 million 2018 2017 2016.\n tax rate adjusted gain sale intangible asset amortization.\n non-gaap measure performance.\n.\n statements.\n residual cash flow discretionary expenditures.\n reconciliation flow.\nended december 31 2018 2017 2016\n cash activities $ 1686 $ 669  $ 1829\n capital expenditures operations -240 ( ) ( 183 ) -156 ( )\n free cash flow $ 1446 $ 486  $ 1673\n foreign currency exchange rate fluctuations business 120 countries sovereignties fluctuations.\n distort comparisons revenue pretax income.\n impact foreign currency exchange rate fluctuations financial results.\n methodology prior year revenue expenses net income.\n currency fluctuations $ 0. 08 net income per diluted share december 31 2018.\n $ 0. 12 2017 2016 results rates.\n no impact rates.\n $ 0. 09 net income per share 31 2018.\n fluctuations $ 0. 08 income 2017 2016 translated rates.\n.unfavorable impact net income per diluted share year december 31 2016 2015 results translated 2016 rates.\n translations comparative impact accounting policies practices financial statements.\n competition markets authority. conducted market investigation investment consulting fiduciary management services aon competitors. competition.\n issued final report december 12 2018.\n draft orders detailed remedies expected first quarter 2019 public consultation.\n anticipate remedies significant impact company financial position business.\n market study competition wholesale insurance broker sector.\n aon participates.\n market identify features competition.\n may require remedies correct features"
}
{
    "_id": "dd4c6501e",
    "title": "",
    "text": "2017 annual report performance graph five-year period june 30 market performance common stock s&p 500 index peer companies return jack henry associates. s&p 500 index peer group line graph values.\n. 138. 177. 195. 267. 322.\n peer group. 117. 161. 203. 233. 39 271.\n s&p 500. 120. 150. 161. 167. 197.\n assumes $ 100 invested june 30 2012 reinvestments dividends.\n returns calculated market capitalization peer group.\n peer companies computer software hardware services financial institutions.\n aci. bottomline. broadridge cardtronics. convergys. corelogic. dst. euronet. fidelity. fiserv. moneygram. tyler. verifone. wex.."
}
{
    "_id": "dd497f854",
    "title": "",
    "text": "5.\n 2019s common equity issuer purchases listed new york stock exchange. 31 october 2019 5166 holders.\n cash dividends paid quarterly.\n.\n board directors determines dividends timing financial condition.\n dividend information 2019 2018.\n first quarter.\n second.\n third.\n fourth quarter.\n 4.\n purchases equity securities 15 2011 board authorized repurchase $ 1. billion common stock.\n expiration date.\n rules 10b5-1 10b-18 securities exchange act 1934.\n no purchases fiscal year 2019.\n 30 september 2019 $ 485. 3 million share repurchase authorization.\n additional purchases funds growth."
}
{
    "_id": "dd4c20c52",
    "title": "",
    "text": "generated positive cash flow operations used funds borrowings capital requirements.\n trend.\n cash equivalents decreased $ 65565 2008 $ 88617 2007.\n cash increased $ 6754 $ 181001 174247 2007.\n increase expenses depreciation amortization.\n investing $ 102148 acquisitions $ 48109 $ 1215 contingent consideration.\n $ 34006 $ 5301 earn-outs adjustments.\n capital expenditures 2008 $ 31105 $ 34202 2007.\n software development $ 23736 20743.\n financing $ 101905 repurchase 4200 shares common stock $ 100996 dividends $ 24683 $ 429 repayment credit.\n offset proceeds $ 20394 stock options sale $ 3809 excess tax benefits.\n repurchase common stock $ 98413 dividends $ 21685.\ncurrent year cash 2007 offset by stock options sale common stock $ 29212 $ 4640 excess tax benefits $ 19388 net borrowings revolving credit facilities.\n june 30 2008 company negative working capital $ 11418 largest liabilities deferred revenue $ 212375.\n cash outlay less recorded balance.\n liquidity problems.\n.\n financial markets.\n shaken negative developments home mortgage subprime mortgage-backed securities.\n early predict significant issues future impact liquidity minimized access lines credit.\n.\n net income $ 104222 $ 104681 $ 89923\n non-cash expenses\n receivables\n deferred revenue\n other assets liabilities\n net cash operating activities $ 181001 174247"
}
{
    "_id": "dd4bb3940",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014.\n.\n.\n company recognizes compensation expense excess quoted stock price grant date employee stock.\n stock option plans note 14.\n december 2004 issued.\n 123-based.\n year december 31 2005 reevaluated assumptions value stock options.\n lowered expected volatility assumption options after july 1 2005 30% increased life option grants 6. 25 years simplified method.\n.\n.\n change plans sell non-core businesses reduce leverage refinance debt merger spectrasite.\n. based volatility assumptions historical volatility.\n estimate future volatility information historical volatility options capital structure future business plans.\n 10% change volatility assumption stock option expense net loss $. 1 million year ended december 31 2005.\n.table illustrates effect net loss share applied fair value provisions.\n stock-based compensation.\n estimated fair value option calculated black-scholes option-pricing model.\n 2005 2004 2003\n loss $ -171590 ( -247587 ( -325321 (\n stock-based employee compensation expense tax loss\n-based employee compensation expense -22238 -23906 ( -31156\n-forma net loss $ -186724 ( (\n loss per share. 57.\n.\n modified option awards revise vesting terms terminated employees $ 7. million $ 3. million $ 2. 3 million years 2005 2004 2003.\n stock-based employee compensation amounts 2005 include $ 2. 4 million unearned compensation amortization unvested stock options merger spectrasite.\nimpairments loss sale assets restructuring merger expense adjustments capital unearned compensation financial statements.\n fasb issued supersedes apb.\n amends sfas.\n cash flows. share payments stock options.\n"
}
{
    "_id": "dd497e274",
    "title": "",
    "text": "five-year stock performance graph illustrates shareholder return snap-on common stock since december 31 2007 dividends reinvested.\n compares snap-on performance standard poor 500 stock index peer group.\n snap-on shareholder return fiscal year&p 500.\n 2007 100.\n.\n 2009.\n 128.\n 2011. 109.\n 2012 187. 129.\n $ 100 invested december 31 2007 dividends reinvested.\n fiscal year ends saturday december 31 31.\n peer group stanley black & decker. danaher emerson electric. genuine parts newell rubbermaid. pentair. spx.\n.\n cooper industries former member acquired larger company 2012.\n snap-on incorporated peer group s&p 500 2007 2008 2012"
}
{
    "_id": "dd4c5d1d4",
    "title": "",
    "text": "hologic.\n financial statements acquisition provides two annual earn out payments $ 15000 biolucent revenue targets.\n eitf issue.\n 95-8 contingent consideration additional purchase price.\n goodwill increased.\n allocation purchase price preliminary estimates assets acquired liabilities assumed september 18 2007.\n gathering.\n purchase price allocation one year acquisition.\n allocation purchase price.\n tangible assets acquired 2007 $ 2800\n technology know how 12300\n customer relationship 17000\n trade name 2800\n deferred income tax liabilities\n goodwill\n estimated purchase price $ 73200\n intangible assets identified valued.\n customer relationship trade name technology how identifiable values.\n fair value determined income approach.\n customer relationship large base.\n trade name biolucent product.\ntechnology represents marketable products products.\n deferred income tax liability acquired assets value adjustments inventory not deductible offset net operating loss $ 2400.\n 2006 may 2006 acquired 100% voting stock aeg elektrofotografie gmbh related companies.\n results operations included financial statements.\n acquisition material business combination no pro forma financial information.\n aeg photoconductor materials electro photographic applications coating digital detectors.\n acquisition allows control detector manufacturing process"
}
{
    "_id": "dd4bafd54",
    "title": "",
    "text": "accounts receivable 2006 2005 dollar.\n millions 122.\n increase accounts receivable increased billings 2006.\n sales 39 36 2005.\n driven billing collections.\n working capital current assets less liabilities.\n 2006 $ 23. 4 million $ 130. 6 million 2005.\n decrease net working capital $ 107. 2 million $ 73. million cash deferred tax assets $ 83. 2 million accounting method change income taxes receivable $ 5. million income taxes payable $ 21. 5 million deferred revenue $ 29. 9 million increase $ 2. 8 million accounts payable liabilities reclassification debt $ 7. million short.\n offset increase short-term investments $ 59. million prepaid assets $ 27. 4 million.4 million reclassified property plant asset sale increase accounts receivable $ 22. 4 million.\n five-year $ 300. million unsecured facility loans synopsys foreign subsidiaries.\n replaces previous $ 250. million terminated october 20 2006.\n $ 150. million fourth year.\n financial covenants minimum leverage cash non-financial covenants.\n terminates october 20 2011.\n borrowings interest administrative agent prime rate federal funds rate plus. option pay interest amount eurodollar rates spread. 70%.\n commitment fees payable. 125%. 175%.\n october 31 2006 no outstanding borrowings compliance covenants.\n current cash equivalents short-term investments credit satisfy business requirements next twelve months."
}
{
    "_id": "dd4bc47a4",
    "title": "",
    "text": "jpmorgan chase co. annual report 291 not recorded balance until settlement date.\n unsettled reverse repurchase agreements securities borrowing agreements regular-way settlement periods.\n loan sales securitization indemnifications mortgage repurchase liability loan sale securitization activities warranties loans meet requirements.\n repurchase loans indemnify. losses liquidated.\n repurchase demands loans purchased recovery repurchase losses third party.\n maximum future payments breaches representations warranties unpaid principal balance loans accrued interest expense.\n table summarizes mortgage repurchase liability.\n year ended december 31 2014 2013 2012 liability $ 681 $ 2811 $ 3557 gains losses.\n 31 2013\n $ 681 $ 2811 3557\ngains losses 53 -1561 1561 -1158 1158\n litigation reserve 2014 -179\n repurchase -459 -390 412\n repurchase liability $ 275 681 2811\n october 25 2013 $ 1. billion agreement fhfa mortgage repurchase demands loans 2000 2008.\n third-party recoveries principal losses accrued interest repurchased loans settlements.\n $ 11 million 414 million $ 524 million 2014 2013 2012.\n new loan sales $ 4 million $ 20 million $ 112 million.\n label securitizations liability repurchase demands litigation reserves.\n november 15 2013 $ 4. 5 billion agreement 21 investors offer trustees 330 residential mortgage-backed securities.morgan chase bear stearns trust settlement representation warranty servicing claims trusts issued.\n 2005 2008.\n seven trustees 330 trusts accepted settlement 319 trusts excluded 16 trusts.\n 2019 acceptance subject judicial approval new york state court.\n 2005 to 2008 washington mutual loan representations warranties $ 165 billion residential mortgage loans.\n $ 78 billion repaid.\n $ 49 billion liquidated average loss severity 59%.\n remaining balance december 31 2014 $ 38 billion $ 8 billion 60 days past due.\n repurchase obligations remain fdic receivership.\n 31.\n provides servicing mortgages commercial lending products nonrecourse.\n credit risk temporary servicing advances.\n credit risk owner.\nlosses recourse occur foreclosure sales defaulted loan less principal balance interest cost.\n firm 2019s securitizations nonrecourse future credit losses purchaser securities.\n 2013 unpaid balance loans sold recourse totaled $ 6. 1 billion $ 7. 7 billion.\n"
}
{
    "_id": "dd4c2b4cc",
    "title": "",
    "text": "visa inc.\n financial statements 2014-based compensation 2007 equity incentive plan authorizes grant non-qualified stock options restricted stock awards units performance-based shares employees directors 236 million shares common stock.\n shares authorized acquired.\n until common stock delivered restrictions lapsed unless terminated board.\n amendment february 3 awards granted until january 31 2022.\n-based compensation cost net forfeitures straight-line graded-vesting.\n forfeiture rate historical forfeiture data.\n fiscal 2016 2015 2014 share-based compensation cost $ 211 million $ 184 million $ 172 million.\n tax benefits $ 62 million  $ 54 million $ 51 million.\n capitalized share-based compensation cost immaterial 2016 amounts reflect four-for-one stock split second quarter fiscal 2015.\nnote 14 2014stockholders 2019 equity.\n options expire 10 years vest 3 years vesting.\n 2016 2015 2014 fair value stock option estimated grant black-scholes pricing model weighted-average assumptions.\n expected term. 35. 55\n risk-free rate return. 5%. 5 %. 3 %\n volatility. 7%. 7 %. 2%. 2 %\n dividend yield. 7%. 7 %. 8%. 8 %. 8%.\n fair value option $ 15. 12. 11\n based historical option exercises peer companies.\n data weighted years measurement date initial public offering contractual term.\n relative weighting peer data fiscal 2016 77% 23% 23 % 67% % 33% % 2015 58% 42% 2014."
}
{
    "_id": "dd4b9ba66",
    "title": "",
    "text": "item 1.\n business.\n altria group.\n holding company commonwealth virginia 1985.\n december 31 2014. subsidiaries philip morris usa.\n manufacture sale cigarettes john middleton.\n manufacture sale machine-made large cigars pipe tobacco subsidiary ust llc 201d subsidiaries.\n smokeless tobacco company.\n michelle wine estates.\n.\n manufacture sale smokeless tobacco wine.\n. companies nu mark llc manufacture sale tobacco products philip morris capital corporation finance assets leveraged leases.\n.\n subsidiaries distribution company sales distribution consumer services.\n client services. support services legal regulatory finance resources affairs.\n.\n december 31 2014.\nheld 27% economic voting interest sabmiller plc altria group.\n accounts equity method accounting.\n.\n holding company access operating cash flows subsidiaries dividends distributions interest intercompany loans.\n december 31 2014. principal subsidiaries not limited long debt pay cash dividends distributions.\n.\n receives cash dividends interest sabmiller.\n. reportable segments smokeable smokeless products wine.\n financial services innovative tobacco products businesses included reduction lease portfolio pmcc financial contribution. consolidated results.\n. reviews income resources segments.\n before amortization intangibles corporate expenses.\n interest debt expense income taxes managed level not presented segment excluded from segment profitability.\n net revenues income before taxes each segment last three years note 15.\nreporting consolidated financial statements item 8.\n form 10-k.\n assets not disclosed altria group. decision\n goodwill intangible assets disclosed note 4.\n.\n accounting policies same note 2.\n accounting policies.\n relative percentages operating companies income loss reportable segment.\n 2013 smokeable products 87. 2%. 2 % 84. 5%. 5 % 83. 7%. 7 % )\n smokeless products 13. 4 12.\n.\n -2. 3\n 100.\n comparability relative percentages operating companies income loss segment note 15.\n reporting consolidated financial statements item 8 201d.\n description business portions included item 7.\n financial condition results operations results business segment annual report form 10-k.\n altria group.tobacco companies pm usa usstc ust middleton nu mark.\n altria sales engagement.\n products. subsidiaries include smokeable tobacco products cigarettes pm usa machine-made."
}
{
    "_id": "dd4c4ce4c",
    "title": "",
    "text": "republic services.\n financial statements 2014 allied acquisition.\n 2006 plan non- qualified incentive restricted stock phantom stock bonuses units appreciation rights performance awards dividend equivalents cash awards.\n granted 2008 vested nonforfeitable acquisition.\n after 2008 employees consultants allied subsidiaries not employed.\n december 31 2013. million shares common stock reserved future grants 2006.\n binomial option-pricing model grants.\n compensation expense straight-line service period portion retirement.\n volatility volatility historical rolling average.\n risk-free interest rate federal reserve rates.\n historical data estimate future option exercises forfeitures. life.\n groups valuation.\n-average fair values stock options 31 2013 2012 2011 $ 5. 27 $ 4. 77 $ 5.35 option calculated-average assumptions.\n 2012 2011\n volatility 28. 9%. 9 % 27. 8%. 8 %. 3 %\n risk-free interest rate. 7%. 7. 8%. 8 % 7%. 7 %\n dividend yield. 2%. 7%. 7 %\n life.\n life 7."
}
{
    "_id": "dd4beaaee",
    "title": "",
    "text": "december 31 2014 2013 liabilities unrecognized tax benefits material.\n subsidiaries tax returns.\n federal foreign jurisdictions.\n statute limitations open.\n non.\n income tax examinations 2011.\n.\n foreign earnings $ 291 million $ 222 million $ 211 million distributed non.\n companies.\n reinvest earnings remittance.\n additional income taxes $ 55 million 2014 $ 50 million 2013 $ 45 million 2012.\n federal foreign income tax payments $. billion 2014 787 million 2013 890 million 2012.\n 2014 2013 payments $ 200 million $ 550 million refund tax-deductible pension contributions $ 153 million refund 2011 capital loss carryback.\n long-term debt.\n rates. 13%. 15% 2016 to 2042\n. 75%. 2036\nlong-term debt 7041 7034\n unamortized discounts -872 ( 872 ) -882 ( 882 )\n $ 6169 $ 6152\n august 2014 entered new $ 1. 5 billion credit facility terminated existing $ 1. 5 billion august 2016.\n expires august 2019 $ 500 million.\n includes $ 300 million letters of credit.\n no borrowings december 31 2014.\n unsecured interest eurodollar base.\n compliance representations warranties covenants exceed maximum leverage ratio.\n adjustments postretirement.\n december 31 2014 compliance covenants credit facility debt agreements.\n commercial paper.\n no commercial borrowings 2014 2013.\n supported credit facility.\n april 2013 repaid $ 150 million long-term notes fixed interest rate 7. 38%.\nfive debt maturities $ 952 million 2016 $ 900 million 2019.\n interest payments 326 million 2014 340 million 2013 378 million 2012.\n unsecured unsubordinated indebtedness payment.\n postretirement life insurance employees covered health care life insurance benefits.\n sponsor nonqualified plans limits.\n non-union employees 2005 eligible"
}
{
    "_id": "dd4b8eafa",
    "title": "",
    "text": "management financial condition results operations 2013 amounts millions cash investing capital expenditures acquisitions.\n expenditures $ 173. computer hardware software leasehold improvements.\n payments $ 61. acquisitions cash.\n financing purchase long-term debt repurchase common stock payment dividends.\n redeemed $ 350. repurchased 14. shares common stock cost $ 275. dividend payments $ 159.\n offset issuance $ 500. 4 20% notes.\n financing purchase long-term debt repurchase common stock payment dividends.\n redeemed $ 600.\n repurchased 31. shares common stock cost $ 481. dividend payments $ 126. common stock.\n foreign exchange rate changes decrease $ 101. 2014.\n.\n dollar stronger foreign currencies december 31 2014.\nforeign exchange rate changes cash equivalents $ 94. 2013.\n.\n dollar stronger foreign currencies december 31 2013 compared 2012.\n balance sheet data 2014 2013\n cash equivalents marketable securities $ 1667. $ 1642.\n short-term borrowings $ 107. $ 179.\n long-term debt. 353.\n 1623. 1129.\n total debt $ 1732. $ 1662.\n cash flow equivalents operating requirements next twelve months.\n corporate credit facility uncommitted facilities.\n disciplined approach liquidity flexibility cash capital expenditures acquisitions stock repurchase dividends.\n evaluate market conditions financing alternatives funds improve liquidity risk.\n capital markets depends factors credit rating credit.\n no guarantee new sources liquidity."
}
{
    "_id": "dd4c56546",
    "title": "",
    "text": "network corporation financial statements transaction purchase price accounting.\n allocation purchase table.\n.\n cash 107061\n current assets 153258\n property equipment 28663\n acquisition intangibles 17826\n noncurrent assets 12856\n liabilities -86080\n purchase price $ 233584\n revenue earnings blockbuster acquisition.\n insufficient information.\n operations blockbuster changed. bankruptcy proceedings post acquisition earnings cash flows.\n cost goods lower-historical.\n values rental library merchandise inventories reduced estimated fair value purchase accounting.\n impact diminish blockbuster inventory.\n.\n terrestar transaction.\n wholly-owned subsidiary 14 2011.\n.\n bankruptcy court southern york approved asset purchase agreement paid $ 1. 345 billion cash purchase price.\nnetwork party to asset purchase agreement guaranty obligations.\n paid $ 30 million purchase price terrestar transaction closing or conditions met.\n consummation acquisition subject to approval fcc.\n canadian federal department of industry approved transfer spectrum licenses terrestar to us.\n if approvals right require sale terrestar assets entitled to proceeds sale.\n proceeds less than.\n gamma responsible for working capital administrative expenses terrestar subsidiaries after december 31 2011.\n terrestar transaction accounted business purchase price accounting.\n allocate purchase price components fair value.\n spectrum satellites."
}
{
    "_id": "dd4bbc8f6",
    "title": "",
    "text": "item 5.\n market common equity issuer purchases table presents quarterly high low share sale prices common stock new york stock exchange 2004 2003.\n march 31 $ 13. 9. 89\n june 30.\n 30.\n december 31. 75.\n march 31 $ 5. 94 $ 3. 55\n june 30.\n 30. 74 8\n december 31.\n 18 2005 closing price common stock $ 18. 79 per share 230604932 outstanding shares 743 registered holders.\n february 2004 shares converted one-for-one event.\n prohibits future issuance.\n february 2004 shares c common stock converted.\n permits issuance future.\n equity compensation plans item 12 annual.\n never paid dividend common stock.\nanticipate retain future earnings fund development growth business.\n indentures governing 93 20448% senior notes due 2009 7. 50%. 2012 7. 125%. 2012 prohibit paying dividends unless satisfy financial covenants.\n borrower subsidiaries prohibited direct distribution dividend payment liability partnership capital no default subsidiaries pay cash dividends make distributions specified amounts pay outstanding indebtedness future indebtedness.\n indentures 12. 25%. senior notes 2008 7. 25%. notes 2011 american towers .\n prohibit subsidiaries paying dividends payments distributions unless"
}
{
    "_id": "dd4c17c74",
    "title": "",
    "text": "2018 form 10-k estimate 5% annual revenue.\n expenditures recurring items.\n income tax payments $ 425 million to $ 475 million 2019.\n december 31 2018.\n based estimates assumptions.\n obligations vary.\n payments less 1 - 3years 4 - 5years years\n debt capital lease obligations $ 6989 $ 942 $ 562 $ 1272 $ 4213\n estimated interest payments 3716  239  473 404\n operating leases 846\n purchase obligations 1507 1388\n $ 13058  $ 2755 $ 1383 $ 1833 $ 7087\n expected cash payments debt capital lease obligations.\n deferred issuance costs unamortized discounts premiums.\n payments interest excluded.\ndebt capital lease obligations $ 896 million payable ge affiliates.\n no fixed payment schedule payable less than one year.\n 2 expected cash payments interest long-term debt lease obligations.\n 3 future minimum payments noncancelable operating leases one year.\n excluded renewal options.\n purchase obligations include expenditures capital assets 2019 agreements goods services enforceable quantities price provisions timing.\n cash outflows estimates cash settlement.\n $ 597 million uncertain tax positions interest penalties excluded contractual obligations table.\n.\n income taxes.\n defined benefit pension post-retirement benefit plans.\n.\n 2018 contributions paid benefits $ 72 million anticipate funding $ 41 million 2019.\n pension change estimate contribution figures after 2019.\n.\n employee benefit plans.\n-balance sheet arrangements business entered surety bonds letters credit bank guarantees totaled $ 3. 6 billion december 31 2018.\n practicable estimate fair value.\n effect financial statements."
}
{
    "_id": "dd49780b8",
    "title": "",
    "text": "estimated amortization expense september 26 2015 five fiscal years.\n 2016 $ 377.\n 2017 $ 365.\n 2018 $ 355.\n 2019 $ 343.\n 2020 $ 332.\n asc 350 tests goodwill for impairment reporting unit level annual fair value unit less carrying value.\n current economic market conditions market capitalization adverse change legal factors business climate operational performance personnel adverse action.\n two-step approach asc 350.\n comparison carrying value unit estimated fair value.\n income approach.\n analysis value after-tax cash flows present value risk-adjusted discount rate.\n judgment discount rates terminal values growth rates future cash flows.\n based budget strategic plan estimates based assumed growth rates measurement date.\n assumptions consistent with plans estimates businesses.\ndiscount rates reflect risks future cash flow projections based on weighted-average cost capital market.\n market approach considers data revenue earnings before interest taxes depreciation amortization corroborative dcf analysis.\n company believes assumptions fair value reasonable.\n different estimates result impairment charge.\n operating results cash flows differ.\n carrying value exceeds estimated fair value second goodwill impairment test impairment loss.\n compares implied fair value.\n fair value derived hypothetical purchase price allocation value assets liabilities.\n residual represents fair value.\n impairment charge recorded.\n company conducted fiscal 2015 impairment test fourth quarter used dcf market approaches fair value units june 28 fair value dcf approach impairment test conclusions.\ncompany believes used estimates future revenue cost cash flows market multiples discount rates.\n units values carrying values step 2 not required.\n fair value lower 10% passed 1.\n 2. 81 billion  not risk failing 1.\n conducted fiscal 2014 impairment test fourth quarter used dcf market approaches fair value units used fair value dcf approach test conclusions.\n believes used reasonable estimates future revenue cost projections cash flows market multiples discount rates hologic inc november 19 2015 information not copied not warranted accurate timely.\n user assumes risks damages losses.\n past financial performance no guarantee future results."
}
{
    "_id": "dd4b9a788",
    "title": "",
    "text": "december 31.\n $ 100. 154. 94 220. 70 168. 17 130. 24 $ 133. 81\n 100. $ 150. 40 217. 35 175. 127. 80 $ 137. 83\n 100. 155. 17 222. 44 178. 89 133. 79 142.\n 100. 113. 41 $ 146. 98 163. 72 162. 53 $ 178.\n 100. $ 134. 98 $ 220. 77 $ 253. 19 $ 243. 93 $ 271.\n equity compensation plan securities 2017 annual meeting stockholders.\n.\n.\n past five years.\noperations three years 2016 balance sheet derived item 7 financial condition results audited financial statements item 8 supplementary data information annual report form 10-k.\n operations two years 2013 2012 balance sheet derived statements 10-k.\n 2015 revenues $ 6497 $ 6394 $ 6265 $ 5535 $ 4487 operating income 2058 1985 2061 1975 1859 continuing operations net taxes 1218 1048 1137 1077 956 loss discontinued operations 2014 net income 1218 1048 1137 1077 945 income discovery communications.\n 1034 1139 1075 943 earnings share.\n stockholders operations. 97 discontinued operations 2014. net income. earnings share discovery communications.\n stockholders. discontinued operations. net income.shares 401 432 454 484 498 diluted 610 656 722 759 300 390 367 1201 assets 15758 15864 15970 14934 12892 debt 119 7841 7616 6002 6437 5174 liabilities 10348 10172 9619 8701 6599 redeemable interests 243 241 747 discovery communications.\n 5451 6291 equity 5167 6197 6293.\n impairment 62 million lionsgate.\n 39% minority nine $ 100 million gain $ 50 million.\n."
}
{
    "_id": "dd4b9436a",
    "title": "",
    "text": "responsible parties technology laws regulations.\n ultimate liability remediation difficult cost sharing contamination data speculative remediation costs.\n current obligations operations financial condition liquidity.\n incidents.\n third-party actuaries expense liability.\n federal employers 2019 liability act compensation work-related accidents.\n damages assessed fault settlements.\n services rehabilitation programs injured.\n annual expenses personal injury $ 240 million 2006 $ 247 million 2005 $ 288 million 2004.\n accrued liabilities $ 631 million $ 619 million future injury costs $ 233 million $ 274 million current liabilities.\n injury liability discounted value.\n rates.\n 87% liability asserted 13% 13 % unasserted claims.\n vary.\n injury claims activity 2006 2005 2004.\nclaims 4197 4028 4085\n 4190 4584 4366\n settled dismissed -4261 4261 -4415 -4423\n december 31 4126 4197 4028\n industry capital intensive.\n properties cost.\n depreciation computed straight-line method estimated service lives property.\n annual percentage rate.\n report three years equipment six years road.\n cost salvage depreciable property retired replaced charged accumulated depreciation no gain loss recognized.\n.\n cost software capitalized amortized five-year period.\n capital spending increased value depreciable assets.\n $ 2. billion december 31 2006.\n depreciation expense $ 1. 2 billion.\n estimate lives.\n variances financial statements.\n lives increased annual depreciation expense $ 43.\nestimated lives decreased year annual depreciation expense $ 45 million.\n income taxes 2013 statement.\n taxes current deferred tax assets liabilities future tax financial statements.\n"
}
{
    "_id": "dd4c03814",
    "title": "",
    "text": "morgan stanley financial statements 2014 consumer price index.\n senior debt callable extendible holders.\n put extend notes $ 1175 million december 2013 $ 1131 million 2012.\n separate agreements subsidiaries notes $ million 2013 $ 1895 million 2012.\n subordinated debt junior debentures issued capital requirements company.\n dollar denominated.\n borrowings.\n index equity credit-linked instruments payments redemption linked performance index. 500 stocks equity security credit.\n swap contracts options borrowing costs floating rates libor.\n redemption values performance indices stocks equity securities.\n company carries borrowing fair value bifurcates derivative fair.\n swaps options hedge.\n changes value reported trading revenues.\n note 4 structured borrowings.\n subordinated debt junior debentures.\ncompany 2019s long-term borrowings $ 9275 million average coupon 4. 69%. % december 31 2013 $ 5845 million coupon 4. 81%. % 2012.\n junior debentures $ 4849 million 2013 $ 4827 million 2012 average coupon 6. 37%. %\n maturities notes 2014 to 2067.\n extended to 2052.\n.\n assets financed deposits short-term funding floating rate long-term debt fixed rate debt.\n.\n interest rate swaps match borrowings duration holding period interest rate characteristics manage risk.\n convert fixed rate borrowings floating rate obligations.\n non.\n currency borrowings currency swaps.\n dollar obligations.\n average borrowing rate.\n 2013 2012 2011\n weighted average coupon long-term borrowings period-end. 4%.\n borrowing rate long-term swaps. 2%. %. 3%. 3 %. 9%. 9 %\n.\n interest rates.\n.\n company maintains funded unfunded credit facilities mortgage contracts warehouse lending emerging market corporate investment banking brokerage."
}
{
    "_id": "dd4be43d8",
    "title": "",
    "text": "commitment expiration commercial commitments millions.\n 2012 2013 2014 2015 2016 2016\n credit facilities $ 1800\n receivables securitization facility 600\n guarantees 325 18 8 214 12 13\n standby letters credit\n commercialcommitments $ 2749 $ 642 214\n credit facility used december 31 2011.\n $ 100 million receivables securitization facility utilized 2011 accounted debt.\n program matures august 2012.\n guaranteed obligations headquarters building equipment financings operations.\n letters of credit drawn december 31 2011.\n off-balance sheet guarantees contingently liable $ 325 million guarantees.\n liability $ 3 million fair value obligations 2011.\nentered contingent guarantees include obligations headquarters building equipment financings operations.\n final guarantee expires 2022.\n default guarantees.\n expect financial condition results operations liquidity.\n labor agreements january 2010 freight railroads began negotiations labor unions.\n.\n.\n september 2011 industry reached agreements united transportation union.\n november 5 2011 presidential emergency board recommendations disputes.\n railroads 11 unions.\n ten unions reached agreements ratified.\n railroad industry agreement maintenance employees february 2 2012 national rail strike.\n ratification.\n inflation increase asset replacement costs capital companies.\n depreciation charges inflation-adjusted greater.\n derivative financial instruments use exposure interest rates fuel prices.\n not party to leveraged derivatives use speculative purposes.\n derivative instruments qualifying for hedge accounting maintain effectiveness.\n document relationships risk-management objectives strategies assessing effectiveness.\n changes in value instruments charged to earnings.\n use swaps collars futures forward contracts mitigate risk interest rates fuel prices limit benefits from price movements."
}
{
    "_id": "dd4bd7caa",
    "title": "",
    "text": "operating cash flows impacted seasonality.\n third fourth quarters.\n 2015 issued $ 900 million senior notes public offering.\n $ 400 million five-year 2020 coupon 3% 3 % $ 500 million ten-year 2025 4% 4 %.\n proceeds revolving credit facility corporate purposes.\n 31 2017 outstanding commissions discounts $ 892. 6 million.\n 2017 2016 2015.\n.\n cash operating activities $ 600. $ 650. 5 $ 429. 2\n investing -287. -385. -766.\n -250.\n foreign exchange rate changes.\n increase $ 71. $ 13.\n cash $ 600. 3 million 2017 $ 650. 5 million 2016 $ 429. 2 million 2015.\n $ 50. 2 million decrease higher working capital higher inventory purchases higher net income.\n$ 221. million increase 2015 2016 working capital higher net income.\n $ 287. 7 million 385. 2016 766.\n decrease $ 97. 4 million lower cost acquisitions $ 115. 1 million $ 15. million capital expenditures.\n $ 381. 5 million cost $ 413. million $ 20. 8 million higher capital spending.\n financing $ 250. 1 million 2017. $ 398. 8 million.\n change $. 2 million 372. higher share repurchases lower net borrowings $ 240. million.\n.\n contributed $ 28. 4 million $ 2. 3 million plans.\n 2018 contributions $ 12. 8 million.\n pension assets $ 656. 6 million 79% accumulated benefit obligation liability.\n liquidity minimum funding pension protection act 2006.\n operations.\ncurrencies affect financial statements translated.\n."
}
{
    "_id": "dd4c19a56",
    "title": "",
    "text": "emerging markets ghana india nigeria uganda wireless networks less advanced united states voice networks deployed underdeveloped areas.\n consumers utilize basic wireless services feature phones advanced device penetration low.\n urban locations early-stage data network deployments underway.\n carriers voice build-outs data networks.\n south africa latin america initial voice networks built out carriers focused 3g 4g outs.\n consumers adopting smartphones advanced devices usage bandwidth-intensive mobile applications growing.\n spectrum auctions carriers deployments new entrants investments.\n smartphone penetration wireless data usage.\n mature germany france carriers deploying 4g data networks.\n higher penetration usage 4g coverage capacity.\n network technology migration denser networks new business replicated less advanced international markets.\nexpect leverage international portfolio 104470 communications sites relationships with carrier customers long-term growth.\n master lease agreements with tenants consistent long-term revenue reduce churn.\n strategic partnerships colocation cycle times deploy equipment.\n revenue growth.\n 2016 grew portfolio communications real estate acquisition construction 45310 sites.\n asia emea latin america markets revenue tenant pass-through revenues ground rent costs expenses.\n evaluate opportunities acquire communications real estate portfolios internationally risk-adjusted hurdle rates existing portfolio.\n new sites 2016 2015 2014\n.\n emea\n latin america\n property operations expenses.\n site level ground rent power fuel costs property taxes repairs maintenance.\nsegment operating expenses exclude selling administrative development expenses aggregated into consolidated statements.\n property segments 2019 expenses increase adding tenants modestly year-over-year.\n leasing space new tenants provides cash flow.\n incur additional expenses.\n profit margin growth impacted by addition new tenants diluted by development activities."
}
{
    "_id": "dd4bf398c",
    "title": "",
    "text": "management liquidity risk financial institutions.\n recent failures due insufficient liquidity.\n firm liquidity funding policies-specific industry liquidity events.\n objective fund firm enable businesses revenues adverse.\n manage liquidity risk excess.\n maintain liquidity cash outflows collateral needs stressed.\n asset-liability management.\n assess holding periods liquidity.\n manage maturities diversity funding markets products maintain liabilities asset base.\n contingency funding plan.\n liquidity crisis stress.\n business activity.\n.\n excess pre-fund cash collateral needs liquidity crisis hold liquidity unencumbered liquid securities cash.\n securities convertible to cash obligations without assets funding markets.\n december 2012 2011 fair value securities overnight cash deposits totaled $ 174. 62 billion $ 171. 58 billion.\ninternal liquidity risk model financial markets firm liquidity position december 2012 appropriate.\n table fair value securities overnight cash deposits.\n year.\n. dollar-denominated $ 125111 $ 125668\n. dollar-denominated\n $ 172095 $ 165959\n.\n excess unencumbered.\n government federal agency obligations.\n overnight.\n cash deposits.\n.\n excess unencumbered german french japanese united kingdom government obligations overnight cash deposits liquid currencies.\n limit excess liquidity defined list securities cash.\n include other sources excess liquidity less liquid unencumbered securities credit facilities.\n 2012 annual report"
}
{
    "_id": "dd4bae530",
    "title": "",
    "text": "corporation subsidiaries statements 31 2008 lease payments. 13%. long-term debt.\n 2009 47760\n 2010 48569\n 2011 49437\n 2012 49959\n 2013 50546\n 103890\n 350161\n lease payments $ 295304"
}
{
    "_id": "dd4b9ac88",
    "title": "",
    "text": "humana inc.\n financial statements 2014.\n adoption fin 46 financial position results cash flows.\n december 2004 fasb issued statement.\n expense employee stock options stock-based compensation.\n change stock option awards recognized compensation 25.\n cost award determined.\n grant-date fair value estimated option-pricing models.\n adopt statement 123r july 1 2005 transition methods.\n expensing stock options pricing model 2004.\n evaluating provisions statement 123r effect reviewing compensation strategies selecting option pricing model transition method.\n march 2004 fasb issued eitf issue.\n 03-1 impairment.\n guidance evaluating impairment losses debt equity investments fair value less carrying value.\n 2004 fasb delayed third quarter 2004 date implementation guidance 2005.\nfinal standard impact financial position.\n.\n acquisitions 16 2005 acquired careplus health plans florida 10 medical centers pharmacy.\n medicare plans benefits miami broward palm beach.\n enhances medicare market south florida.\n paid $ 450 million cash transaction costs balance sheet settlement nine month.\n allocating purchase price assets.\n april 1 2004 acquired ochsner health plan.\n louisiana health managed care plans.\n new market sales opportunities houston.\n paid $. million cash transaction costs.\n tangible assets.\n cash equivalents\n investment securities\n premiums receivable current assets\n property equipment\n medical expenses\n tangible assets"
}
{
    "_id": "dd4bfe2a6",
    "title": "",
    "text": "graph compares yearly stockholder return last five years market price common stock return nasdaq composite index.\n peer group medical equipment code 3840-3849 index.\n assumes investment $ 100 march 31 2006 common stock nasdaq composite index.\n peer group reinvestment dividends.\n 3/31/2006/31/2007/31/2008/31/2011\n abiomed inc 105. 101. 37.\n nasdaq composite index 103. 97. 65. 118.\n medical equipment 3840-3849.\n not material regulation 14a securities exchange act 1934 not filed securities exchange commission not incorporated filings securities act 1933.\n american stock transfer trust company 59 maiden lane new york."
}
{
    "_id": "dd4bb1d3e",
    "title": "",
    "text": "stock-based compensation expense grant date fair value options forfeitures.\n compensation expense options vesting period.\n december options 10204000 12759000 shares common stock $ 89. 46 $ 90. 86.\n total value options $ 90 million $ 86 million $ 37 million.\n cash $ 215 million $ 208 million $ 118 million.\n tax benefit $ 33 million $ 31 million $ 14 million.\n shares common stock 17997353 december 31 2014.\n future issuance equity compensation plans 19017057 shares.\n issued 2. 4 million shares treasury stock.\n utilize treasury stock future exercises.\n awards non-employee directors 2014 2012 21490 27076 25620 deferred stock units.\n until cash.\n no vesting service requirements compensation expense recognized date grant.\nincentive/performance restricted stock fair value determined market value common stock grant.\n remeasured achievement financial performance goals.\n personnel compensation committee approves final award payout.\n three or four-year payable stock or cash.\n restricted vesting periods 3 to 5 years.\n 2013 incorporated enhanced risk- performance changes long-term incentive compensation programs.\n final payout amounts if risk performance metrics.\n&cc reduction.\n weighted-average grant date fair value 2014 2013 2012 $ 80. 79  $ 64. 77 $ 60. 68 per share.\n total fair value $ 119 million $ 63 million $ 55 million.\n compensation expense over vesting performance periods.\n121 nonvested incentive stock 2013.\n december 31 2013 incentive performance shares 1647 $ 63. 49 restricted stock units 3483 $ 62.\n 723 79. 90 1276 81.\n -513 63. -962 62.\n forfeited 69. -145.\n december 31 2014 1837 69.\n pnc financial services group.\n 2013 10-k"
}
{
    "_id": "dd49707dc",
    "title": "",
    "text": "capital losses 2015 $ 184. million.\n 102. million-temporary impairments $ 45. 6 million losses value re-measurements $ 36. 3 million losses.\n 2014 gains $ 84. million 121. 7 million gains re $ 1. 9 million $ 39. 5 million impairments.\n 2013 gains $ 300. 2 million 258. 9 million re-measurements $ 42. 4 million gains 1. million-temporary impairments.\n cash invested assets $ 17. 7 billion 2015. fixed maturities. investment. equity securities. other invested.\n average maturity 4. years overall duration 3. years\ndecember 31  2015 company direct investments real estate mortgages derivative investments equity index option contracts securities issuers cash flow difficulty debt payments.\n investment portfolio includes commercial mortgage-backed securities book value $ 264. 9 million market value $ 266. 3 million.\n securities 70% december 31 2015 market value rated aaa by 2019s services.\n 90% value rated investment grade.\n table reflects investment results.\n average investments investment income effective yield net unrealized net capital gains\n 2015 $ 17430. 8 $ 473. 8 2. 72%. $ -184. 1. $ -194.\n 2014  16831. 9 530. 6 3. 15%. 84.\n 2013 16472. 5 548.3. 33%. 33 % 300. -467\n 16220. 600. 3 70%. 70 % 164. 161\n 15680. 620. 95%. 95 % 6. 106.\n capital gains yield gains 17430. 473. 72%. 72 % 184. 194 16831. 530. 15%. 15 % 84. 16472. 548. 33%. 33 % 300. 16220. 600. 70%. 70 % 164. 15680. 620. 95%. 95 % 6. 106 values investments.\n bonds stocks market.\n.\n capital gains.\n 2015 2014 2013 2012 2011 re-measurements $ 45. 6 121. 7 million 258. 9 million 118. 1 4. 4 million"
}
{
    "_id": "dd4c05bc8",
    "title": "",
    "text": "awe earnings investment ula launch services.\n.\n space systems 2019 results.\n 2015\n net sales $ 9409 $ 9105 9202\n profit 1289\n margin. 7%.\n backlog-end $ 18900 $ 17400\n net sales increased $ 304 million 3%.\n sales $ 410 million consolidation $ 150 million commercial space transportation increased launch activities $ 70 million higher net sales volume.\n offset decrease sales $ 340 million government satellite programs decreased volume.\n profit increased $ 118 million 10%.\n pre-tax gain $ 127 million consolidation $ 80 million increased equity earnings joint ventures.\n offset decrease $ 105 million government satellite programs lower risk retirements decreased volume.\n $ 185 million lower 2016 2015.\nspace systems 2019 sales decreased $ 97 million 1%.\n $ 335 million lower sales government satellite decreased volume mission $ 55 million strategic missile defense systems lower volume.\n offset higher sales $ 235 million businesses acquired 2014 $ 75 million orion program increased volume.\n operating profit decreased $ 16 million 1%.\n increased $ 85 million increased risk retirements.\n offset lower profit $ 65 million commercial satellite programs $ 35 million decreased equity earnings joint ventures.\n $ 105 million higher 2015 2014.\n $ 325 million $ 245 million $ 280 million 25% 21% 24% increased awe.\n lower orders government satellite orion program higher sales.\n systems 2019 2017 net sales decrease-single lifecycles offset awe net sales.\n"
}
{
    "_id": "dd4bce3c6",
    "title": "",
    "text": "new term loan facility remaining unpaid principal due payable june 6 2021.\n earlier repayment.\n interest quarterly commitment fee leverage ratio maximum commitment fee 40% margin eurocurrency loans.\n july 2016 breakaway four. guarantor supplemental agreement increase principal term loan. 5 million to. 9 million.\n june 2016 seven seas explorer.\n export credit financing 80% contract price.\n $ 373. 6 million term loan interest 3. 43%. maturity date june 30 2028.\n principal interest payments paid semiannually.\n december 2016 issued $ 700. million. senior unsecured notes due december 2021 private offering.\n proceeds purchase outstanding 5. 25%. senior notes due 2019 principal $ 680 million.\n redemption.25 % senior notes 2019 january 2017.\n nclc interest 4. 750%. 750 % annum june 15 december 15 june 15 2017 holders close business june 1 december 1.\n nclc redeem notes december 15 2018 price equal 100% principal amount plus accrued unpaid interest redemption date premium. redeem notes december 15 2018 redemption prices.\n redeem 40% 40 % principal amount redemption price equal 104. 750%. net proceeds equity offerings 60% principal outstanding redemption.\nindenture governing notes nclc incur indebtedness issue preferred shares pay dividends payments dividends create liens debt make investments engage transactions with affiliates sales transfer assets merger consolidation transactions.\n provides default principal premium interest obligations due payable.\n 2016 $ 276. 9 million $ 34. 7 million amortization deferred financing fees $ 27. 7 million loss extinguishment debt.\n 2015 $ 221. 9 million $ 36. 7 million amortization financing $ 12. 7 million loss extinguishment.\n 2014 $ 151. 8 million $ 32. 3 million amortization $ 15. 4 million expenses financing transactions.\n debt agreements liquidity limit funded debt-to-capital ratio restrict dividends.\n ships property equipment pledged as collateral for debt.\ncovenants.\n repayments long debt capital lease obligations five years.\n 560193\n 554846\n 2019\n 1153733\n 2021\n 6514604\n accrued interest liability $ 32. million 34. 2 million 2016 2015."
}
{
    "_id": "dd4b936f4",
    "title": "",
    "text": "fiscal year 2005 tax rate includes $ 11. 6 million expense repatriation $ 185. million foreign earnings american jobs creation act 2004.\n reflects benefit higher earnings low-tax jurisdictions.\n 2006 accounting change $ 83. 2 million current deferred tax assets increase non-current deferred tax assets.\n changed tax accounting method.\n.\n operating loss.\n tax increase prevention reconciliation act 2005 enacted three-year exception.\n foreign income.\n year 2007.\n income tax expense reduced $ 3 million.\n 2006 tax relief health care act 2006 enacted extended research development credit.\n increase fiscal 2006 research development credit $ 1. 5 million $ 1. 8 million first quarter 2007.\n financial statements.\n implemented internal control review procedures.\n identified four errors $ 8.million affected income tax 2001 2005.\n errors material statements.\n.\n periods reflected year october 31.\n 2001 2002 2003 2004 2005\n errors synopsys provided $ 1. 4 million tax benefit write goodwill acquisition 2002 accrue interest penalties foreign tax contingency items $ 3. 2 million computational errors foreign dividends $ 2. 3 million record valuation allowance state tax credits $ 1. 3 million.\n non-current deferred tax assets decreased $ 8. 1 million current taxes payable increased $. million.\n retained earnings decreased $ 8. million additional paid capital decreased $. million.\n.\n.\n.\n november 2005 issued staff position share-based awards.\n alternative method calculating tax effects.\nalternative transition method balance paid-in capital pool employee stock compensation impact pool cash flows employee share-based compensation"
}
{
    "_id": "dd4bbe0d4",
    "title": "",
    "text": "company stock performance graph shows five-year comparison shareholder return dividend reinvested company s&p 500 computer hardware index dow jones.\n supersector index.\n assumes $ 100 invested company common stock s&p 500 dow.\n index market september 30 2008.\n.\n historic stock price performance not indicative future performance.\n.\n 2013 s&p mcgraw-hill companies.\n.\n dow jones.\n.\n$ 100 invested 9/30/08 stock index reinvestment dividends.\n.\n 2008 2009 2010 2011 2012 2013\n apple. $ 100 163 335\n s&p 500 index\n s&p computer hardware index\n dow jones technology supersector index $ 100 111 166"
}
{
    "_id": "dd4baf534",
    "title": "",
    "text": "consolidated financial statements 2013 amounts millions obligations subsidiaries operating leases uncommitted lines credit.\n december 31 2017 parent company guarantees lease obligations $ 824. $ 829. 2 uncommitted lines credit $ 349. $ 308. 8 daylight overdrafts $ 207. $ 182. 2.\n non-payment subsidiary pay.\n no material assets pledged guarantees.\n obligations estimated future obligations payable cash december 31.\n deferred acquisition payments $ 65. $ 20. $ 23. $ 4. $ 10. $ 126.\n redeemable noncontrolling interests options 30. 42.\n contingent acquisition payments $ 95. $ 50. $ 66. $ 10. $ 13. $ 5.$ 242.\n entered acquisitions redeemable noncontrolling interests call options similar terms conditions.\n estimated amounts paid earliest date.\n redeemable interests exercisable discretion equity owners as december 31  2018.\n estimated payments $ 24. 9 total payments 2019 2020 until exercised expired.\n interests current exercise price payable cash not redemption value.\n majority payments contingent operating performance targets conditions subject revision.\n note 5 information payment structure.\n involved proceedings subject investigations inspections audits inquiries governmental authorities.\n contract employment tax intellectual property.\n evaluate cases record liabilities losses legal proceedings outcome.\n certain estimate loss litigation early stages.\noutcome litigation governmental proceedings management believes financial condition operations cash flows.\n april 10 2015 federal judge brazil authorized search records agency offices e3o paulo brasilia investigation payments local government contracts.\n company investigated taken remedial disciplinary actions.\n settlement with government agencies executed april 2018.\n consolidated financial statements."
}
{
    "_id": "dd4b88aa6",
    "title": "",
    "text": "financial statements 31 2007 future rental payments leases sublease rental income real estate leases millions.\n 2008 317\n 275\n 2010 236\n 2011 214\n 2012 191\n $ 1830\n"
}
{
    "_id": "dd4c3b2b4",
    "title": "",
    "text": "bankruptcy insolvency proceedings inability pay debts judgment defaults $ 15 million environmental defaults invalidity loan documentation impairment collateral failure subordinated indebtedness change control.\n borrowings accrue interest variable rates type.\n duration borrowing margin rate.\n weighted-average interest rates swap agreements borrowings credit 2010 2009 3. 97%. 53%.\n $ 590. 1 million $ 595. 7 million $ 50. million $ 7. 5 million current maturities.\n commitment fees unused revolving credit facility. 38%. to. 50%.\n issued promissory notes $ 5. million $ 1. 2 million $ 1. 6 million.\n interest rates 2. payable maturity monthly installments.\n.\n exposed market risks interest rates currency commodity prices.\ncurrent policies use derivatives variable interest rates foreign currency commodity risks.\n hold issue derivatives trading.\n december 31 2010 interest rate swap agreements hedge variable interest rate risk loans minimizing interest rate fluctuations stabilizing cash flows.\n paid fixed interest rate variable london interbank rate.\n agreements qualify cash flow hedges hedge accounting.\n effective recorded income reclassified interest expense.\n ineffective reported interest expense.\n table summarizes terms rate swap agreements.\n effective date maturity date fixed interest rate\n 200000000 april 2008 2011 4. 99%. 99 %\n 3. 81%. 81 %\n 100000000. 34%. 34 %\n margin 2. 25%. % ) per annum fair market value $ 200 million swap liability $ 1.million accrued expenses.\n market swap contracts $ 4. 8 million.\n interest rate swap contracts $ 10. 2 million accrued expenses $ 5. million noncurrent liabilities $ 5. 2 million."
}
{
    "_id": "dd4bfadae",
    "title": "",
    "text": "republic services.\n financial statements 2014 settlement.\n cash surrender value life insurance policies $ 90. million $ 77. 1 million december 2015 2014 classified assets.\n dcp liability $ 83. 3 million $ 76. 3 million long-term liabilities.\n stock employees.\n purchase common stock 95% quoted market price last day quarter.\n 2013 issuances totaled 141055 139941 142217.\n shares. million employee contributions $ 1. 4 million purchase common stock.\n.\n.\n repurchased.\n $ 404. $.\n cost per share $ 41. $\n. million repurchased shares pending settlement $ 3. 7 million unpaid accrued liabilities.\n added $. million share repurchase authorization december 31  2017.\nrepurchases market federal securities laws.\n board timing prices determined management market conditions.\n suspended discontinued.\n repurchase program purchase capacity $ 855. 5 million.\n changed 71272964 treasury shares to authorized unissued.\n issued shares reduced.\n par value stock.\n $ 2295. 3 million treasury stock $. million common stock $ 2294. million additional paid-in capital.\n no effect stockholders equity position.\n quarterly dividend $ 0. 30 per share.\n cash dividends $ 404. 3 million $ 383. 6 million $ 357. 3 million 2015 2014 2013.\n quarterly dividend $ 103. 7 million january 4 2016."
}
{
    "_id": "dd4b9c222",
    "title": "",
    "text": "management credit ratings based on agencies assessment liquidity market credit operational risk management practices earnings capital base franchise reputation management corporate governance external operating environment government systemic support.\n derivatives transacted under bilateral agreements with counterparties collateral terminate transactions changes credit ratings.\n assess impact collateral termination payments downgrade by agencies.\n.\n allocate portion gcla additional collateral payments two-notch reduction long-term credit ratings collateral not available.\n table presents additional collateral termination payments derivative liabilities agreements one two-notch downgrade credit ratings.\n millions december 2014\n additional collateral payments for one-notch downgrade $ 1072 $ 911\n two-notch downgrade 2815 2989\none-notch 1072 911 two-notch complex earnings assets.\n cash flow analysis liquidity.\n trends initiatives.\n.\n decreased $ 3. billion $ 57. 60 billion.\n 22. billion investing balance sheet loans receivable.\n generated $ 19. billion financing bank deposits unsecured long-term borrowings offset repurchases common stock.\n.\n decreased 11. billion $ 61. 13 billion.\n generated $ 4. billion.\n $ 16. billion investing financing loans receivable repurchases common stock.\n.\n equivalents increased. billion $ 72. 67 billion.\n generated $ 9. 14 billion investing.\n $ 7. billion bank deposits offset repayments unsecured long-term borrowings.\n 2014 annual report"
}
{
    "_id": "dd4bf3770",
    "title": "",
    "text": "systems notes financial statements foreign currency translation translate assets liabilities foreign subsidiaries exchange rates balance sheet.\n translate revenue expenses monthly exchange rates.\n include net translation adjustments stockholders 2019 equity.\n property equipment record cost less depreciation amortization.\n depreciated straight useful lives 1 to 5 years computers equipment 1 to 6 years furniture fixtures 35 years buildings.\n leasehold improvements amortized lease term.\n goodwill intangibles review goodwill impairment annually.\n annual impairment test 2009 no impairment.\n goodwill segments.\n evaluate fair value carrying value.\n market approach traded companies income approach future cash flows.\n revenue operating costs.\n amortize intangible assets estimated useful lives review impairment.\n monitor events.\n assess recoverability.\nfuture cash flows less than carrying recognize impairment loss excess carrying amount over fair value.\n intangible asset impairment charges in 2009 2008 2007.\n intangible assets amortized over estimated lives 1 to 13 years.\n amortization based economic benefits.\n average useful life.\n purchased technology\n localization\n trademarks\n customer contracts relationships\n intangibles\n software development costs begins technological feasibility working prototype release.\n amortization begins software ready.\n costs between.\n from licensing software consulting hosting services maintenance support.\n revenue evidence arrangement delivered fee fixed collection probable."
}
{
    "_id": "dd4bdfc34",
    "title": "",
    "text": "intangible assets patents customer-related finite lives amortized estimated economic lives.\n-average.\n customer relationships\n trademarks\n technology/patents\n recoverability assets assessed property plant equipment.\n income taxes financial statements spin-off income tax expense recorded.\n applies.\n cash tax payments current deferred taxes not tax balances spin-off.\n refunds twelve months december 31 2016 2015 $ 10. 4 million $ 80. 6 million.\n 2016 refund $ 46. 2 million canadian tax authorities.\n tax accounts consolidated balance sheet include taxes payable deferred taxes spin-off.\n calculation income taxes involves judgment estimates allocations.\n deferred tax assets liabilities determined temporary differences financial reporting tax bases tax rates.\ncompany recognizes future tax benefits net operating losses tax credits.\n reviews recoverability deferred tax assets profitability future taxable income tax planning strategies.\n records valuation allowance future tax benefit.\n product warranties accruals recorded sale estimated terms experience.\n assesses liabilities adjustments claims information.\n revenue recognition recognized when criteria satisfied evidence sales arrangement price fixed determinable collectability assured delivery occurred service rendered.\n delivery title risks ownership transferred to customer.\n price criteria satisfied binding sales agreement contract conditions.\n variability revenue not recognized until price fixed determinable.\n validates enforceable claim assesses collectability.\n revenue recognition deferred until collectability probable cash received.\n delivery not until customer title assumed risks rewards.\n service installation revenue recognized when earned.\ncustomer acceptance provisions in sales arrangements delivered product criteria.\n revenue recognition deferred until acceptance terms fulfilled.\n uncertainty acceptance revenue not recognized until acceptance.\n company offers sales incentive programs to customers dealers distributors.\n preclude revenue recognition require accrual for activity.\n incentives include discounts.\n coupons rebates.\n sales returns customer disputes quantity price accounted for"
}
{
    "_id": "dd4bb5506",
    "title": "",
    "text": "price performance graph shows return common stock 500 index retail index.\n assumes value investment common stock $ 100 december 31 2011 dividends reinvested.\n historical data not future performance.\n return advance auto parts. s&p 500 retail index.\n 2011 2012 2013 2015 2016\n advance auto parts $ 100. 102. 158. 228. 217. $ 244.\n s&p 500 index. 114. 152. 174. 177. 198.\n s&p retail index. 122. 178. 196. 245. 256."
}
{
    "_id": "dd4ba4ad0",
    "title": "",
    "text": "jpmorgan chase. unpaid balance amortization option arms $ 24 million $ 78 million 2010 2009.\n payment increase $ 72 million 2011 $ 241 million 2012 $ million 2013.\n originate discontinued washington mutual.\n subprime mortgages 2010 $ 11. 3 billion $ 12. billion 2009.\n decrease paydowns charge-offs delinquent offset accounting guidance.\n late-stage delinquencies early-stage.\n nonaccrual loans improved.\n.\n loans 2010 $ 48. billion $ 46. 2009.\n delinquent nonaccrual loans.\n net charge-offs declined 52%.\n expense loss used- car market reduced loss frequency underwriting criteria.\n loan portfolio prime quality credits.\n loans $ 16. billion $ 17. billion 2009.\ndecrease run-off washington mutual portfolio charge-offs delinquent loans.\n highly collateralized personal guarantees.\n nonaccrual loans elevated.\n declined to year-end 2009 levels.\n student loans were $ 15. 3 billion $ 16. 4 billion 2009.\n secured unsecured consumer loans.\n delinquencies stabilization second elevated.\n charge-offs flat 2009 levels unemployment.\n credit-impaired loans december 31 2010 $ 72. 8 billion $ 81. 2 billion 2009.\n portfolio represents loans acquired washing recorded fair value.\n no allowance loan losses.\n firm updates principal interest cash flows.\n decreases cash flows trigger impairment.\n increases. reverse allowance loan losses interest income.\n2010 management concluded higher credit losses cash flows.\n recognized $ 3. 4 billion impairment home equity prime mortgage option arm subprime portfolios.\n allowance loan losses $ 1. 6 billion 1. 8 billion 1. 5 billion $ 98 million december 2010 $ 1. 1 billion $ 491 million.\n 39% option arm borrowers delinquent 5% interest-only amortizing 56%.\n 50% borrowers payment shock remaining loans amortizing.\n unpaid interest $ 1. 4 billion $ 1. 9 billion 2010 2009.\n estimates increase $ 1. 2 billion 2011 $ 2. 7 billion 2012 $ 508 million 2013.\n lifetime loss estimates.\n principal charge-offs not recorded until nonaccretable difference depleted.\n.\ndecember 31 lifetime loss estimates\n option arms 11588 10650 4860\n home equity 14698 13138\n prime mortgage 4870\n subprime 3732 3842\n $ 34888 31870 16415 9394\n difference $ 30. 5 billion losses.\n remaining $ 14. billion $ 21. 1 billion december 31 2010 2009.\n increases losses interest loan losses.\n-date liquidation losses loan resolution."
}
{
    "_id": "dd4ba1894",
    "title": "",
    "text": "staff finance risk human resources legal compliance expense operations technology treasury items.\n december 31 2009 $ 230 billion assets liquidity portfolio $ 110 billion cash equivalents.\n 2009 2008 2007\n interest revenue $ -1663 $ -2680\n non-interest revenue -8893 -302\n revenues interest expense $ -10556 -2258 -2310\n operating expenses $ 1420 $ 510 1813\n loan losses benefits claims\n loss operations before taxes $ -11975 -2769 -4120\n taxes -4369 -587 -1446\n loss continuing operations $ -7606 -2674\n discontinued operations taxes -445\n income loss before noncontrolling interests -8051 -1966\n 2014\n loss -8051 1820 -1968\n2009.\n declined pretax loss debt extinguishment 20 billion loss-sharing.\n.\n declined 2008 sale citigroup services.\n pretax gain intersegment eliminations.\n expenses increased eliminations compensation repositioning reserves.\n 2008.\n 2007 interest expense increased sale assets intersegment eliminations treasury hedging.\n operating expenses declined lower restructuring charges reductions incentive compensation benefits."
}
{
    "_id": "dd4bdd286",
    "title": "",
    "text": "2009 company extended contractual life 4 million vested share options 6 employees.\n recognized additional compensation expense $ 1 million year ended december 31 2009.\n restricted stock units performance-based rsus.\n grants executive officers employees.\n new employees.\n number rsus dependent internal profitability targets market performance targets.\n rsus cliff-vest quarter-end 30 black-out period three years.\n number shares zero to stretch defined personal income taxes withheld.\n market condition factored estimated fair value per unit compensation expense based achieving internal profitability targets.\n rsus without compensation expense based fair value per unit.\n 2007 granted performance-based rsus employees annually october 1 2008 through 2011 market condition.\n catch-up provision additional year vesting unvested amounts.\ncompensation expense based fair value per unit term grant less estimated forfeitures.\n summary changes performance-based rsus weighted average fair value thousands.\n units\n nonvested december 31 2008 1188. 65\n granted 38. 16\n vested. 30\n forfeited.\n nonvested december 31 2009 1415 25.\n fair value shares vested performance-based rsus 2009 2008 $ 2 million $ 3 million.\n no vestings 31 2007.\n fair value rsus estimated grant date monte carlo simulation approach.\n future stock returns.\n calculate future vesting percentages discounted present value risk-free rate expected value.\n"
}
{
    "_id": "dd498af42",
    "title": "",
    "text": "2013 long-term debt millions.\n rates 1. 85%. 85 % to 3. 80%. 80 % 2016 to 2045 $ 8150 $ 1400\n 4. 07%. to 5. 72%. 2019 to 2046\n 6. 15%. to 9. 13%. 13 % 2016 to 2036\n long-term debt 16296 7041\n unamortized discounts deferred financing costs -899\n $ 15261 $ 6142\n 2015 $ 2. 5 billion credit facility terminated $ 1. 5 billion august 2019.\n expires october 9 2020 corporate purposes.\n backup commercial paper.\n increase borrowing capacity $ 500 million.\n no borrowings outstanding acquisition sikorsky 364-day revolving credit facility $ 7. billion funding purposes acquisition.\nsikorsky acquisition borrowed $ 6. 0 billion 364-day facility.\n november 23 2015 repaid borrowings proceeds new debt terminated commitments.\n borrowings interest eurodollar base rate agreements.\n compliance representations warranties covenants assets exceed maximum leverage ratio.\n december 31 2015 compliance covenants agreement debt agreements.\n 23 issued $ 7. 0 billion registered public offering.\n received net proceeds $ 6. 9 billion deducting discounts debt issuance costs amortized interest expense.\n notes 2022 $ 750 million 2018 fixed interest rate 1. 85%. $ 1. 25 billion 2020 interest. 50%. $ 500 million 2023 interest 3. 10%. $ 2. billion 2026 interest. 55%. $ 500 million 2036 interest rate 4. 50%. $ 2.billion 2046 fixed interest rate 4. 70%.\n redeem november 2015 notes unpaid interest principal make-whole premium accrued unpaid interest redemption.\n interest payable 2018 2020 may november 2023 2026 january july 2036 2046 may.\n november 2015 notes right payment unsecured unsubordinated indebtedness.\n proceeds repay $ 6. billion borrowings 364-day facility corporate purposes."
}
{
    "_id": "dd497d298",
    "title": "",
    "text": ".\n debt 30 2016 2015.\n-term borrowings $ 935. $ 1494.\n 371. 435.\n 4918. 3949.\n $ 6225. 5879.\n borrowings obligations $ 133. 234.\n 802. 1260.\n borrowings $ 935. 1494.\n average interest rate short borrowings. 1%. 8%.\n $ 121. 2016 $ 97. 5 2015 $ 132. 4 2014."
}
{
    "_id": "dd4c4ec88",
    "title": "",
    "text": "stock performance graph compares stockholder return common stock dow jones.\n technology index s&p 500 index five years 28 2013.\n $ 100 invested december 26 2008 year common stock dow jones.\n s&p 500 index dividends reinvested.\n stockholder returns.\n 500 based fiscal year.\n five-year cumulative return intel.\n s&p 500.\n 2008 2009 2010 2011 2012 2013\n intel corporation $ 100 148\n dow jones. index 170\n s&p 500 index 100 132 151 175 236\n table"
}
{
    "_id": "dd497477e",
    "title": "",
    "text": "shareowner return performance graph securities exchange commission future filing securities act 1933 1934.\n five-year comparison shareowners 2019 returns class b common stock s&p 500 index dow jones transportation average.\n quarterly stock price reinvested dividends $ 100 invested december 31 2001 s&p 500 index dow jones transportation average class b common stock united parcel service.\n return $ 40. 60. 80. 100. 120. 140. 160. 180. 200.&p 500.\n united parcel service. 100. 117. 140. 163. 146. 148.\n&p 500 index 100. 77. 100 111. 116. 135.\n dow jones transportation average 100. 88. 116. 149. 166. 182.\nsecurities authorized equity compensation plans table 31 2006 common stock.\n authorize b common stock."
}
{
    "_id": "dd497f5e8",
    "title": "",
    "text": "jpmorgan chase.\n 2008 annual report credit risk capital estimated wholesale consumer businesses.\n wholesale portfolio defined unexpected credit losses defaults declines portfolio value credit deterioration measured one-year period 201d credit rating standard.\n losses provisions.\n methodology credit risk exposure default likelihood credit spreads loss severity portfolio correlation.\n consumer portfolio based product risk segmentation.\n segment level default severity experience losses one-year standard.\n statistical results adjusted capital marks subordination levels capital competitors.\n risk loss market vari rates credit spreads securities.\n daily value-at-risk biweekly stress-test results capital levels.\n allocates risk capital business segment formula exposures.\n market risk management pages 111 2013116 annual report.\noperational risk capital allocated business-based methodology risk.\n based actual losses stress losses adjustments control environment risk-transfer prod ucts.\n consistent new framework.\n private equity risk capital allocated to privately publicly securities third fund investments commitments potential loss decline equity markets asset devaluations.\n losses magnified liquidity risk.\n capital allocation based loss experience adverse equity market conditions.\n board governors federal reserve system establishes capital requirements financial holding company.\n comptroller currency national banks jpmorgan chase bank. chase bank usa.\n federal reserve granted relief amount conditions federal reserve risk-based capital leverage requirements.\n relief one-sixth each quarter expires october 1 2009.\n jpmorgan chase bank.\n relief.\njpmorgan chase-capitalized position 1 capital ratios december 31 2008 2007 tables.\n note 30 pages 212.\n risk capital.\n 2007\n tier 1capital $ 136104 88746\n 2\n $ 184720 132242\n risk-weighted assets $ 1244659 1051879\n adjusted average assets 1966895 1473541\n fasb amendments sfas 140 fin 46r accounting.\n consolidation $ 70 billion credit card receivables $ 40 billion multi-seller $ 50 billion loans decrease 1 capital ratio 80 points.\n impact."
}
{
    "_id": "dd4c4f5de",
    "title": "",
    "text": "1% % increase sales reflects higher north america emea offset lower asia.\n increase north america driven higher digital entertainment lower demand iden infrastructure.\n emea higher.\n decrease asia due delays 3g licenses china capital investment competitive pricing pressure.\n north america significant business 56% net sales 2006 2005.\n operating earnings $ 787 million 2006 $ 1. 2 billion 2005.\n 36% 36 % ) decrease earnings due gross margin unfavorable competitive pricing increase other charges reorganization legal.\n gross margin sg&a expenses r&d expenditures operating margin decreased.\n sales top five customers nextel comcast verizon mobile represented 45% total net sales.\n backlog $ 3. 2 billion december 2006 $ 2. 4 billion 2005.\nincrease backlog due to strong orders digital hd/dvr set-tops.\n demand depends on capital spending broadband operators communications systems advanced services.\n 2006 digital video customers increased purchases 2019s products services due to increased demand set hd/dvr set-tops.\n completed acquisitions kreatel communications digital set-tops nextnet wireless. broadbus technologies. television vertasent software developer.\n acquisitions segment results 2006.\n enterprise mobility solutions segment designs manufactures sells installs services analog digital two-way radio voice data communications products systems private networks wireless broadband systems end enterprise mobility solutions government public safety agencies retail utility transportation manufacturing healthcare commercial customers.\n2007 segment 2019s net sales 21% 21 % sales compared 13% 2006 14% 14 % 2005.\n 31.\n net sales $ 7729 $ 5400 5038 43% 43 % 7% 7 %\n operating earnings 27% 27 % 11% 11 % )\n 20142007 2019s net sales increased 43% 43 % $ 7. 7 billion $ 5. 4 billion 2006.\n due commercial enterprise market symbol business 2007.\n government public safety market increased 6% 6 % demand north america.\n sales increased all regions.\n"
}
{
    "_id": "dd4bc62ca",
    "title": "",
    "text": "pension expense.\n special items $ 27. 6 $ 91.\n settlements benefits curtailments 7. 48.\n discount 2013 cost 3. 4%. 4 %. 2%. 2 %\n. 4%. 9% 9 %\n return 6. 4%. 4 %. 9% 9 %\n compensation 3. 5%. 5 %. 5%. 5 %\n expense decreased lower pension settlements loss amortization discount rates lower returns.\n pension settlement losses.\n 2019 $ 7. losses $ 6. $ 5.\n pension plan. 8 termination benefits.\n non income.\n 2018 $ 48. pension settlement loss $ 43. transfer pension assets obligations.\n. settlement losses payouts.\n pension plan. 4 termination benefits.\n.\nequalization ruling 26 2018 united kingdom high court pension plan 2019 pensions.\n estimated increasing benefits.\n.\n additional benefits prior service cost projected benefit obligation loss $ 4. 7 first quarter fiscal year 2019.\n amortizing cost average life expectancy.\n.\n pension expense $ 5 to $ 20 settlement losses $ 5 to $ 10.\n lower interest cost higher assets offset higher loss amortization lower discount rates.\n expense $ 105 amortization actuarial losses.\n 2019 losses $ 76.\n losses $ 424. income\n amortized pension expense not offset future gains.\n discount rate amortization.\n pension funding contributions funded benefit payments unfunded plans.\n contributions earnings benefits surpluses.\ncontributions funding requirements tax deductions.\n analyze liabilities demographics contributions.\n 2019 2018 cash contributions payments $ 40. 2 $ 68. 3.\n 2020 contributions $ 30 to $ 40.\n based contributions retirements.\n contributions funding legislation discount rates investment performance plan design.\n contractual obligations page 37 future contributions."
}
{
    "_id": "dd4c2423a",
    "title": "",
    "text": "management financial condition results operations foreign exchange rate changes cash equivalents decrease $ 156. 2015.\n.\n dollar stronger foreign currencies december 2015 2014.\n balance sheet data 2016 2015\n cash equivalents marketable securities $ 1100. $ 1509.\n short-term borrowings $ 85. $ 132.\n long-term debt 323.\n 1280. 1610.\n total debt $ 1690. $ 1745.\n cash flow equivalents operating requirements twelve months.\n corporate credit facility uncommitted facilities needs.\n disciplined approach liquidity flexibility cash capital expenditures acquisitions common stock repurchase program dividends.\n evaluate market conditions financing alternatives funds improve liquidity manage risk.\n capital markets depends factors credit rating.\nno guarantee liquidity.\n include operations lease obligations capital expenditures acquisitions common stock dividends taxes debt service.\n minority shareholders equity.\n 2022 debt service 2013. senior notes $ 300. november 15 2017 $ 22. note due june 30 2017.\n cash retirement outstanding notes maturity.\n remainder debt long-term maturities through 2024.\n.\n acquisitions paid $ 52. $ 13.\n paid $. up-front payments $ 59. deferred payments prior-year acquisitions ownership increases subsidiaries.\n pay $ 77. 2017 prior acquisitions.\n pay $ 31. 2017 options minority shareholders.\n opportunities strengthen market position expand presence high-growth markets.\n paid quarterly dividends $. per share $ 238.\nfebruary 10 2017 declared stock dividend $ 0. 18 share payable march 15 holders march 1.\n quarterly dividend $ 0. 18 share no change shares $ 280. twelve months."
}
{
    "_id": "dd4ba8144",
    "title": "",
    "text": "borrowings.\n recapitalization 2005 year interest.\n increase interest expense.\n income tax totaled $ 150. 2 million $ 116. 1 million $ 118. 3 million 2006 2005 2004.\n tax rate 37. 2%.\n net earnings $ 259. 1 million $ 196. $ 189. 4 million 2006 2004 $ 1. 37 $ 1 $ 1. 48 per diluted share.\n processing services.\n processing revenues 2458777 1208430\n profit\n expenses\n income\n processing services enterprise solutions financial solutions international.\n totaled $ 2458. 8 million $ 1208. 4 $ 892. million 2006 2005 2004.\n segment increase $ 1250. 4 million certegy merger contributed $ 1067. 2 million.\n2006 growth financial solutions international revenue channels $ 31. 9 million outsourcing brazil.\n segment increase $ 316. acquisitions aurum sanchez kordoba intercept $ 301. million.\n transaction processing services $ 1914. million $ 904. $ 667. 1 million 2006 2005 2004.\n increase $ 1010. million certegy merger contributed $ 848. 2 million.\n gross profit 22.\n decrease profit certegy merger.\n intangible asset amortization.\n depreciation amortization $ 272. million $ 139. $ 94. 6 million 2006 2005 2004.\n expenses $ 171. 1 million $ 94. million $ 99. 6 million.\n increase certegy merger $ 73. 7 million $ 76. 2 million.\n decrease $ 4. 7 million 2005 acquisition costs.\nselling depreciation amortization $ 11. million 2006 2005 2004."
}
{
    "_id": "dd497de0a",
    "title": "",
    "text": "entergy subsidiaries pollution environmental secured mortgage bonds.\n implicit 4. 8%.\n nuclear waste policy act 1982 subsidiaries contracts spent nuclear fuel disposal.\n one-time fee generation 7 1983.\n arkansas electric power nuclear fuel one fee accrued interest long-term debt.\n note 10 waterford 3 grand gulf lease obligations.\n lease obligations $ 109 million louisiana $ 34 million long-term doe obligations $ 181 million note payable nypa $ 35 million debt due one year.\n values level 2 hierarchy based benchmark yields.\n long-term debt maturities december 31 2015 five years.\n 204079\n 766451\n 822690\n entergy purchased fitzpatrick indian point 3 power plants.\nentergy issued notes nypa seven installments $ 108 million one year eight installments $ 20 million eight years.\n notes implicit interest rate 4. 8%.\n purchase indian point 2 2001 liable additional $ 10 million per year 10 years september 2003.\n liability recorded 2001.\n liability net present value payments year fitzpatrick indian point 3 power plants beyond nrc license expiration date.\n shutdown fitzpatrick reduced liability $ 26. 4 million 2015.\n utility companies collateral.\n entergy louisiana mississippi texas system energy long financing ferc october 2017.\n arkansas december 2018.\n new orleans city council july 2016.\n supply system energy capital"
}
{
    "_id": "dd4b9dc1c",
    "title": "",
    "text": "advance auto parts .\n subsidiaries financial statements 2013 december 30 2006 31 2005 january 1 2005.\n inventories lower cost last-in first-out method 93% inventories december 30 2006 2005.\n cost sales purchased inventories balance prior.\n costs inventory decreasing growth.\n cost replace inventory less lifo balances similar product.\n reduction cost sales $ 9978 2006 increase $ 526 2005 reduction $ 11212 2004.\n remaining inventories product cores non-consumable parts batteries valued first-in first-out method.\n merchandise costs passed returned.\n not subject frequent cost changes no difference lifo fifo valuation methods.\n capitalizes purchasing warehousing costs inventory.\n december 30 2006 31 2005 $ 95576 $ 92833.\ninventories december 30 31 2006.\n fifo net $ 1380573 $ 1294310\n adjustments inventories lifo 82767\n $ 1463340 $ 1367099\n replacement cost december 30 2006 31 2005.\n inventory tracked perpetual inventory system.\n cycle counting program distribution centers stores.\n establishes reserves.\n excess obsolete inventories.\n risk obsolescence minimal excess inventory returned vendors.\n reserves less full credit prices below.\n reserves inventory $ 31376 $ 22825 december 30 2006 31 2005.\n.\n property equipment stated cost less accumulated depreciation.\n maintenance repairs charged improvements capitalized.\n sold retired cost depreciation removed gain loss reflected consolidated statements operations.\nland buildings furniture fixtures vehicles lives 2 40 years straight-line method."
}
{
    "_id": "dd4c1311a",
    "title": "",
    "text": "republic services.\n financial statements 2014.\n fuel hedges swap agreements cash flow hedges mitigate exposure diesel fuel prices.\n swaps hedges diesel fuel.\n table fuel hedges december 31 2013 average contract price per gallon.\n 2014 27000000.\n 2015 18000000.\n 2016 12000000.\n.\n average price diesel fuel exceeds contract price receive difference counterparty.\n less pay difference counterparty.\n fair values fuel hedges determined standard option valuation models commodity prices.\n fair values 2013 2012 assets $ 6. million $ 3. 1 million liabilities $. 1 million $. 4 million recorded liabilities balance sheets.\n ineffective changes fair values less than $. 1 million years 2013 2012 2011 recorded income consolidated statements.\ngain loss fuel hedges $ 2. 4 million $ 3. 4 million $ 1. 7 million  years 2013 2012 2011.\n recycling commodity hedges revenue old corrugated cardboard old newspaper.\n swaps costless collars cash flow hedges exposure prices.\n agreements forecasted occ onp sales.\n effective hedges commodity sales.\n costless collar agreements.\n put option call option cap strike price.\n calls same settlement dates settled cash terms expiration.\n no net premium costless collars.\n no payments settlement price between floor cap price above cap pay counterparty excess settlement price over monthly volumes.\n"
}
{
    "_id": "dd4b952d8",
    "title": "",
    "text": "entergy corporation subsidiaries revenue 2004 2003 revenues fuel purchased power expenses regulatory credits.\n change net revenue 2004 2003.\n 2003 net revenue $ 4214.\n volume/weather 68.\n summer capacity charges.\n base rates.\n deferred fuel cost revisions.\n unbilled sales.\n.\n 2004 net revenue $ 4244.\n volume/weather variance increased usage milder weather.\n usage increased 2261 gwh industrial commercial sectors.\n summer capacity charges variance amortization entergy gulf states louisiana.\n.\n july.\n increased revenue increase new orleans.\n deferred fuel cost revisions variance revision 2003 sales pricing estimate costs.\n revisions decreased net revenue revision.\n unbilled sales variance decrease fuel price 2004 nuclear plant outages 2003.\noperating revenues regulatory credits fuel cost recovery $ 475 million $ 18 million electric gas sales fuel rates 2004.\n offset fuel expenses.\n credits cessation grand gulf recovery tariff amortization deferred capacity charges 2001 purchases gulf louisiana deferral 2004 $ 14. 3 million capacity charges deferral louisiana $ 11. 4 million voluntary severance program"
}
{
    "_id": "dd4974b0c",
    "title": "",
    "text": "report 2013 realty corporation overhead capitalized $ 16. million $ 9. 4 million $. 3 million interest costs 2013 2012 2011.\n table summarizes second generation capital expenditures segment.\n 2012\n industrial $ 41971 33095\n office\n medical\n non-reportable rental operations\n $ 91798 63884 99264\n first second generation expenditures vary product type operations characteristics market.\n generation expenditures 79 suburban office buildings sold blackstone $ 26. 2 million 2011.\n dividends distributions internal revenue code 1986.\n paid dividends $ 0. 68 per common share 2013 2012 2011.\n distribute taxable earnings.\n distributions subject cash financial condition capital requirements.\n december 31 2013 three preferred stock outstanding.\n annual dividend rates.. paid quarterly.\n february 2013 redeemed series o shares $ 178. million future dividend commitments $ 3. million.\n 2012 redeemed. m shares $ 168. 3 million future dividend commitments $ 2. million.\n 2011 redeemed. n shares $ 108. million future dividend commitments $ 2. million.\n 2013 $ 4. 3 billion interest rate. 49%. maturity dates 2014 2028.\n $ 3. 1 billion unsecured $ 1. billion secured $ 88. million unsecured line credit.\n payments $ 1. billion."
}
{
    "_id": "dd4977a32",
    "title": "",
    "text": "maintained strong financial position fiscal year 2019.\n 30 consolidated balance sheet included cash $ 2248.\n access commercial paper markets cash flows operating financing meet liquidity needs.\n 30 $ 971. 5 foreign cash total $ 2248. 7\n foreign subsidiaries affiliates earnings.\n income tax repatriation.\n foreign withholding taxes.\n investment plans outside. intent reinvest majority foreign cash items additional taxes.\n note 23 income taxes.\n table summarizes cash flows operating investing financing activities.\n operating $ 2969. 9 2547.\n investing.\n financing activities -1370. -1359\n fiscal year 30 september 2019 cash $ 2969. 9.\n continuing operations $ 1760.adjusted depreciation amortization deferred income taxes tax act facility closure undistributed earnings gain sale share-based compensation noncurrent capital lease receivables adjustments.\n sale $ 14. high gases.\n.\n capital cash $ 25. $ 69. trade receivables $ 41. payables accrued liabilities offset $ 79. receivables.\n $ 48. decrease accrued utilities $ 30. decrease accrued interest $ 51. increase advances equipment.\n decrease contract modification lower utility costs.\n cash $ 79. forward exchange contracts value added taxes.\n fiscal year 2018 cash operating activities $ 2547. income operations $ 1455.\n adjustments 131. $ 54. net impact remeasurement intercompany transactions.\n hedging instruments capital adjustment receivables.\nadjustments impacted cash cross currency swap $ 54. excess pension expense $ 23.\n working capital accounts cash $ 265. driven payables accrued liabilities inventories trade receivables offset.\n $ 277. decrease customer advances $ 145. sale equipment $ 67. contracts.\n purchase helium molecules.\n noncash impact change accounting.\n fifo.\n cash $ 128. 3 contracts."
}
{
    "_id": "dd4bf5f66",
    "title": "",
    "text": ".\n eog reviews oil gas properties future cash flows depreciation depletion amortization unamortized cost.\n values adjusted to fair value.\n offers fair value.\n 2017 properties $ 370 million written down fair value $ 146 million pretax impairment $ 224 million.\n 2016 $ 643 million fair value $ 527 million pretax impairment charges $ 116 million.\n impairments 2017 2016 2015 legacy natural gas assets.\n amortization impairments costs $ 211 million $ 291 million $ 288 million 2017.\n.\n retirement obligations reconciliation short-term long-term obligations retirement property plant equipment december 31 2017 2016.\n $ 912926 $ 811554\n liabilities incurred\n settled\ncurrency 16139\n period $ 946848 912926\n 19259 18516\n noncurrent 927589 894410\n 164 million 2016 yates.\n asset sales.\n current noncurrent asset retirement obligations consolidated balance sheets."
}
{
    "_id": "dd4baad2c",
    "title": "",
    "text": "2018 annual report 10-k foreign currency translation offset cost reclassifications new revenue recognition standard.\n recognition 10-k cost management restructuring cost savings 2017.\n 2016 administrative expenses decreased $ 1 million lower pension postretirement benefit costs selling advertising costs savings offset wage cost inflation expenses acquired businesses foreign currency translation charges income.\n 2017.\n expense income $ 95 $ 85 $ 11. 8%.\n business restructuring $ 66 2014 $ 191.\n pension settlement charges $ 2014 $ 60 $ 968.\n charges $ 122 $ 74 $ 242.\n income $ 114.\n increased $ 10 million 2018 2017 long- term debt.\n income decreased $ 14 million 2017 lower interest rate debt.\npretax $ 83 million second quarter 2018 offset changes estimates $ 17 million.\n pretax charge $ 191 million 2016.\n note 8 restructuring.\n lump-sum payments retirees.\n pension plans $ 127 million.\n costs remeasured benefit obligation settlement charges $ 60 million 38 million after-tax.\n transferred $ 1. 8 billion.\n pension obligations insurance companies.\n remeasurement settlement pension plans.\n $ 968 million pre-tax settlement charge.\n note 13 benefit plans.\n 2018 2016 higher environmental remediation.\n former chromium manufacturing plant.\n note 14 contingent liabilities.\n lower 2018 2016 gain sale mexican plaka business $ 25 million legal settlement $ 18 million.\n note 3 divestitures."
}
{
    "_id": "dd4ba4062",
    "title": "",
    "text": "management 2019s jpmorgan chase. hold 2. 5%. tier 1 common.\n basel iii establishes 6. 5%. tier i common equity standard act.\n effective first quarter 2015.\n chart presents basel iii minimum risk-based capital ratios transitional phased-in.\n target tier 1 common ratio.\n 1 ratio regulatory minimums transition full implementation.\n estimates tier 1 common ratio phased-in 9. 5%. december 31 2013.\n tier 1 common ratio basel iii estimated 9. 4%.\n tier 1 common ratio basel i iii non-gaap measures.\n bank regulators investors analysts assess capital position financial companies.\n table comparison tier 1 common basel rules risk-weighted assets.\ndifferences in calculation rwa basel i iii iii risk-sensitive approaches models i fixed supervisory risk weightings asset class basel iii includes operational risk i.\n losses incorporates losses.\n firm 2019s operational risk capital model iii.\n enhancements risk capital increased 2013 2012.\n tier 1 common basel iii includes adjustments deductions accumulated income afs securities defined benefit pension postretirement employee benefit plans.\n december 31 2013.\n tier 1 common $ 148887\n adjustments afs securities defined benefit pension 1474\n deductions 1780\n deduction deferred tax asset net operating loss foreign tax credit carryforwards\n adjustments\n tier 1 common $ 151202\n risk-weighted assets under basel iii $ 1590873\ntier 1 ratio basel iii. 5%.\n risk-weighted assets $ 1590873 1 ratio iii. 5%. exposures deducted capital risked-weighted iii."
}
{
    "_id": "dd4bf4468",
    "title": "",
    "text": "entergy arkansas.\n cash flow increased $ 8. million 2004 due to income tax benefits increased recovery deferred fuel costs.\n offset by money pool activity.\n 2003 domestic utility companies system energy filed tax accounting method.\n simplified allocation overhead electricity.\n $ 1. 171 billion deduction 2003 income tax return.\n no cash benefit.\n 2004 realized $ 173 million cash tax benefit.\n challenged irs.\n 31 2004 net operating loss $ 766. 9 million change.\n nol carryforward through 2006.\n cash flow increased $ 80. million 2003 due to income taxes $. million. money pool activity.\n offset by decreased recovery deferred fuel costs.\n receivables december 31.\n 2004 2003 2002 2001\n23561 4279\n $ 92. 7 million entergy arkansas cash flow 2004 $ 73. 4 million 2003 $ 19. 5 million 2002.\n note 4 utility.\n decrease $ 68. 1 million net cash 2004 construction lower support.\n increase $ 88. 1 million 2003 construction expenditures $ 57. 4 million $ 38. 4 million temporary.\n construction expenditures transmission entergy arkansas generator.\n decrease $ 90. 7 million net cash 2004 redemption $ 2. 4 million long-term debt 109. 3 million offset $ 16. 2 million common stock dividends."
}
{
    "_id": "dd4c308dc",
    "title": "",
    "text": "management credit ratings based on agencies liquidity market credit operational risk management practices earnings capital base franchise reputation management corporate governance external operating environment government support.\n firm derivatives transacted under bilateral agreements with counterparties collateral terminate transactions changes credit ratings.\n assess impact collateral termination payments downgrade agencies.\n.\n allocate portion gce additional collateral payments two-notch reduction long-term credit ratings collateral not available.\n table presents additional collateral payments net derivative liabilities agreements one two-notch downgrade credit ratings.\n millions december 2013 2012\n additional collateral payments one-notch downgrade $ 911 $ 1534\n two-notch downgrade 2989 2500\none-notch 911 1534 two-notch complex earnings assets.\n cash flow analysis liquidity.\n macro trends initiatives.\n.\n cash equivalents decreased $ 11. 54 billion $ 61. 13 billion.\n generated $ 4. 54 billion cash.\n $ 16. 08 billion investing repurchases common stock.\n.\n increased $ 16. 66 billion $ 72. 67 billion.\n $ 9. 14 billion.\n $ 7. 52 billion offset repayments unsecured borrowings.\n.\n increased $ 16. 22 billion $ 56. 01 billion.\n generated $ 23. 13 billion cash.\n $ 6. 91 billion financing repurchases bank deposits.\n 2013 annual report"
}
{
    "_id": "dd4bdfe5a",
    "title": "",
    "text": "consolidated financial statements march 2008 fasb issued guidance entities transparency derivative instruments financial position results cash flows.\n effective january 1  2009.\n consolidated financial statements.\n june 2009 fasb issued guidance accounting transfers financial assets.\n amends sale accounting recog nition assets liabilities control assets.\n removes exemption qualifying special purpose entities consolidation guidance.\n effective january 1  2010 early adoption prohibited.\n removal entity exception entities consolidation.\n consolidated financial statement.\n june 2009 fasb amended guidance determin ing variable interest entity qualitative analysis primary beneficiary.\n required consolidate power direct activities economic performance obligation absorb losses right receive benefits.\n effective first annual reporting period after november 15  2009 early adoption prohibited.\nevaluating effect guidance financial statements.\n acquisitions 2009 acquired sub-leasehold positions 420 lexington avenue $ 15. million.\n acquired properties 182 broadway 63 nassau street $ 30. million.\n adjacent 180 broadway 2007.\n $ 31. million loan interest 225 basis points 30-day libor.\n three-year term two one-year extensions.\n drew $ 21. mil acquisition costs.\n quarter 2008 acquired interests fee positions 919 third avenue $ 32. million.\n controls fee position.\n acquired reckson $ 6. billion.\n sold $ 2. billion reckson assets venture.\n 30 properties. million square feet five. manhattan.\n allocation purchase price assets liabilities reckson.\n land\n building finance investments\n-market leases 24661\n 30473\n 175686\n 4924655\n below-market 422177\n minority\n 823285\n 4101370"
}
{
    "_id": "dd4c18b10",
    "title": "",
    "text": "land sales from undeveloped land.\n high concentration development plans.\n increase to land sale tenant future expansion.\n recorded $ 424000 $ 560000 impairment charges 2004 2003.\n one parcel owned.\n anticipate selling first quarter 2005.\n 86 buildings.\n 69 industrial 12 office five retail.\n net income $ 1. 6 million $ 6. 3 million $ 10. 7 million 2004 2003 2002.\n 41 properties sold 2004 42 2003 two 2002 one held-for-sale.\n gains on disposal $ 23. 9 million $ 11. 8 million 2004.\n $ 4. 5 million loss on disposal due to impairment charges $ 7. 7 million on three properties 2002 sold 2003 2004.\n2003 to 2002 rental income increased $ 652. 8 million 2002 to $ 689. 3 million 2003.\n table reconciles rental income segment.\n office 419962 393810\n industrial\n retail\n $ 689343 652827\n three segments not affected economic industry conditions.\n retail segment high occupancies strong performance 2003 office industrial weaker economic environment.\n primary causes increase rental income in-service occupancy improved 87. 1%. to 89. 3%. 2003.\n increase industrial portfolio occupancy. 1%. slight increase office portfolio occupancy.\n lease termination fees $ 27. 4 million 2002 $ 16. 2 million 2003.\n decrease office segment $ 21. 1 million fees 2002 11. 8 million 2003.\n fees tenants.\nhigh termination fees 2002 office.\n decrease 2003 improving economy stable financial position.\n acquired $ 232 million 2. 1 million square feet.\n office buildings occupancy 90%.\n revenues $ 11. 9 million.\n 2002 acquisitions $ 15. 8 million $ 4. 8 million.\n large office acquisition.\n developments revenues $ 6. 6 million $ 13. 7 million 4. 7 million proceeds properties $ 126. 1 million 2003 40. 9 million.\n $ 12. 5 million 2003 19. 6 million.\n.\n.\n decreased $ 27. 2 million 2002 $ 23. 7 million 2003.\n"
}
{
    "_id": "dd4c5f3b2",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014. convertible notes 2008 2007 issued 8. 9 million 973 shares common stock conversion $ 182. 8 million $ 0. 02 million 3. notes.\n holders. receive 48. 7805 shares common stock $ 1000 converted.\n paid $ 4. 7 million  future interest payments reflected loss retirement long-term obligations.\n.\n impairments net loss sale long-lived assets restructuring merger related expense net loss sale assets 2007 2006 recorded net loss $ 11. 2 million $ 9. 2 million $ 2. 6 million .\n recorded net losses sales non-core towers assets impairment charges write-down assets impairment.\n net losses impairments $ 10. 5 million  $ 7.million 2. million years 2008 2007 2006.\n net loss 2008 losses sales $ 10. 7 million offset gains asset sales $ 0. 2 million.\n net loss 2007 net losses $ 7. 8 million gains sales $ 0. 7 million.\n merger expense 2005 company assumed obligations merger spectrasite. employee separation costs.\n severance payments.\n.\n.\n assumed liability purchase price allocation.\n incurred merger costs employee retention separation costs 2006.\n table activity liability 2008 2007 2006.\n.\n.\n.\n $ 20963 $ 496 $ ( 12389 1743 7327 $ 633 $ 6110 1546 284 $ 1901 paid merger liabilities.\nemployee separations liability december 31 2005 $ 20963 2006 expense $ 496 cash payments -12389 $ -1743 liability 2006 $ 7327 2007 expense $ 633 cash payments $ -6110 $ -304 liability 2007 $ 1546 2008 expense $ 284 cash payments $ -1901 $ 71 liability 31\n american tower corporation subsidiaries financial statements. convertible notes 2008 2007 issued 8. 9 million 973 shares common stock conversion $ 182. 8 million $. million.\n holders. shares common stock $ 1000 converted.\n paid $ 4. 7 million future interest payments loss retirement long-term obligations statement.\n.\nimpairments net loss sale restructuring merger expense impairments net loss sale assets 2007 2006 recorded impairments net loss rental $ 11. 2 million $ 9. 2 million $ 2. 6 million.\n recorded net losses sales non-core towers assets impairment charges write-down assets.\n recorded net losses impairments $ 10. 5 million $ 7. 1 million $ 2. million 2007 2006.\n net loss 2008 losses $ 10. 7 million offset gains asset sales $ 0. 2 million.\n 2007 losses $ 7. 8 million offset gains sales $ 0. 7 million.\n merger expense company assumed obligations merger spectrasite. employee separation costs.\n severance payments.\n agreements.\n.\ncosts recognized assumed liability purchase price allocation.\n company incurred merger costs employee retention separation 2006.\n table displays activity liability years 2008 2007 2006 separations.\n.\n.\n.\n 20963 496 $ 12389 1743 7327 $ $ 6110 1546 $ 284 $ 1901 2008 company paid merger liabilities."
}
{
    "_id": "dd4bbf650",
    "title": "",
    "text": "diluted earnings per share calculation excludes stock options restricted stock performance units anti-dilutive.\n shares totaled. 6 million. 3 million. 2 million years 2017 2016 2015.\n. 5 million shares restricted stock excluded.\n.\n cash flow net cash interest income taxes 2015.\n capitalized $ 275305 $ 252030 $ 222088\n income taxes refunds $ 188946\n accrued capital expenditures december 31 2017 2016 2015 $ 475 million $ 388 million $ 416 million.\n non-cash investing activities 2017 additions $ 282 million oil gas properties.\n 2016 $ 3834 million additions.\n.\n operations crude oil natural gas exploration production.\n standards.\n chief decision maker.\neog chief operating involves chairman chief executive officer key officers.\n reviews areas united states trinidad kingdom china.\n considers united states segment."
}
{
    "_id": "dd4bd76ec",
    "title": "",
    "text": "humana inc.\n financial statements 2014 market prices unobservable inputs used.\n auction securities valuation methodologies sector issuer collateral maturity liquidity.\n no standards results financial condition cash flows.\n.\n metropolitan health networks. care medicare beneficiaries recipients florida.\n paid $ 11. per share shares repaid debt $ 851 million expenses.\n preliminary values assets liabilities assumed.\n cash equivalents\n receivables 28\n current assets\n property equipment\n goodwill 569\n intangible assets 263\n long-term assets\n assets acquired 972\n liabilities\n long-term\n assets acquired\n goodwill health well-being services not deductible tax.\n intangible assets customer contracts trade names life 8. 4 years.\noctober 29 2012 acquired equity interest mcci holdings miami florida coordinates medical care medicare medicaid beneficiaries florida texas.\n metropolitan mcci transactions integrated care model markets.\n revenues metropolitan services humana medicare advantage members.\n mcci provide services medicare third party plans.\n assume financial risk."
}
{
    "_id": "dd4bf1f10",
    "title": "",
    "text": ".\n contractual obligations company contracts third parties future payments.\n table contractual obligations 2006 2008 2010.\n debt obligations $. 5 $ 27. $ 449. $ 175. 2013\n operating leases 103. 23. 34. 17. 27.\n purchase obligations 16. 15.\n long-term liabilities 420. 9 135. 30. 254.\n contractual obligations $ 1191. $ 66. $ 619. $ 223. $ 282.\n accounting estimates financial results affected by income taxes accounting policies methods.\n.\n accounting policies management commitments contingencies 2013 accruals judgment.\n product liability claims excess inventory instruments legal counsel determine balance sheet date settlement inventory unsaleable fees.\n carrying cost.\ncompany actuarial model instruments level excess product liability claims.\n loss supply.\n reserves adjust development analyzed inventory instruments net realizable value.\n loss estimates level reserves actuarial model.\n evaluates stock levels historical ultimate costs demand products contingencies.\n instrument systems.\n basis goodwill intangible assets determination same all inventory evaluates carrying value goodwill indefinite life instrument items work-in-progress intangible assets annually.\n.\n evaluates carrying value written off.\n changes finite life intangible assets valuation reserves market conditions recoverable.\n.\n income taxes estimates income tax value of goodwill intangible assets income tax liabilities future cash flows.\n.\n deferred tax assets changes ability record impairment charges.\n future taxable income.\ncompany evaluates deferred tax assets accounting pronouncements provides valuation allowances deferred tax note 2 financial statements realized.\n federal income taxes item 8.\n income foreign subsidiaries remitted.\n company operates taxing jurisdictions.\n subject regulatory review audit time.\n information makes judgments tax expense liabilities reserves.\n"
}
{
    "_id": "dd4c4c438",
    "title": "",
    "text": "table common shareholders 2019 equity estimated basel iii cet1 phased-in.\n.\n shareholders 2019 equity $ 71267\n goodwill -3705\n intangible assets -671\n deferred tax liabilities\n -3468\n deductions investments nonconsolidated financial\n -489\n basel iii cet1 $ 58219\n basel iii advanced $ 594662\n ratio.\n.\n phased-in requirement investments nonconsolidated financial institutions thresholds.\n no deduction below thresholds.\n.\n credit valuation adjustments debt valuation adjustments credit risk deductions.\n first quarter 2015 disclose ratios standardized approach.\n estimated ratio 60 basis points lower estimated basel iii advanced cet1 ratio.\n subject transitional provisions.\ntransitional provisions effective january 1 2014 estimated basel iii cet1 standardized cet1 ratio 150 points higher december 2013.\n. capital leverage ratios calculated capital framework.\n january 1 2014.\n based basel i adjusted  note 20 financial statements.\n to basel iii april 1 2014.\n estimated cet1 ratio december 2013 unchanged 1 ratio.\n.\n revised capital framework increased minimum tier 1 leverage ratio 3% 3 to 4% ( 4 % ) january 1 2014.\n tier 1 supplementary leverage ratio advanced banking organizations.\n capital leverage exposure assets deductions off-sheet exposures.\n minimum supplementary leverage ratio 3% effective january 1  2018 disclosure first quarter 2015.\n increase minimum supplementary leverage ratio largest.\nbanks institutions basel framework.\n proposals 5% supplementary leverage ratio minimum 3% 3 % 2% 2 % buffer.\n december 2013 estimated supplementary leverage ratio approximates minimum.\n basel committee finalized revisions leverage exposure minimum 3% 3 %.\n.\n regulators adopt revised definition leverage.\n goldman sachs 2013 annual report"
}
{
    "_id": "dd4bb7108",
    "title": "",
    "text": "changes unrecognized tax benefits 29 2007.\n balance december 31 2006 $ 337226\n decreases prior -31608\n increases current 7764\n decreases settlements -6001\n reductions statute limitations\n balance december 29 2007 $ 306870\n $ 228. 4 million unrecognized tax benefits reduce effective tax rate $ 232. 1 million 31 2006.\n interest penalties 2007 net tax benefits $ 11. 1 million $ 0. 4 million due settlement tax audits.\n accrued interest penalties $ 47. 9 million $ 9. 7 million $ 65. 8 million $ 10. 1 million 31 2006.\n.\n results estimated value assets liabilities included consolidated financial statements.\nfinancial information 2007 2006 2005 acquisitions presented cadence financial statements.\n acquired invarium. san jose developer lithography-modeling-synthesis technology clear shape technologies. yield loss semiconductor circuits.\n acquired purchase price $ 75. 5 million cash fair value options acquisition costs.\n $ 45. million goodwill not deductible income tax.\n. $ 2. million 12% ownership interest accounted cost method accounting.\n.\n step acquisition.\n adjustments price goodwill table.\n purchase price $ 25. 8 million cash fair value options acquisition costs.\n preliminary $ 17. 4 million goodwill $ 9. million intangible assets $. million net liabilities.\n. goodwill not deductible income tax.\n adjustments purchase price included line goodwill table."
}
{
    "_id": "dd4bec0ec",
    "title": "",
    "text": "2015 annual report performance graph five-year period june 30 2015 market performance common stock s&p 500 index peer companies 5 year return jack henry associates. s&p 500 index peer group line graph.\n 2014 2015\n. 127. 148. 263.\n. 148. 239.\n. 166. 222.\n comparison assumes $ 100 invested june 30 2010 reinvestments dividends.\n returns calculated market capitalization peer group members.\n peer companies computer software hardware services financial institutions.\n aci worldwide. bottomline technology. broadridge financial cardtronics. convergys. corelogic. dst. euronet. fidelity. heartland payment. moneygram. technologies. total systems services.tyler technologies. verifone.\n micros.\n removed peer group acquired."
}
{
    "_id": "dd4bbce6e",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries 2018 versus 2017.\n credit losses $ 674 million 2018 million 2017 consumer loan growth offset impairment $ 130 million secured loan 2017.\n.\n $ 657 million $ 182 million 2016 increase $ 130 million secured loan.\n operating expenses influenced compensation headcount business activity.\n salaries discretionary compensation amortization equity awards.\n impacted net revenues financial performance labor markets business mix share-based compensation programs external environment.\n litigation regulatory proceedings.\n operating expenses line item headcount.\n 2018 2017 2016\n compensation benefits 12328 11653\n brokerage clearing exchange distribution fees\n market development\n communications technology\n depreciation amortization\n occupancy\nprofessional fees 1214 1165 1081\n other expenses 2819 1877 1900\n operating expenses $ 23461 20941 20304\n headcount-end 36600 33600 32400\n reclassifications 2030 regulatory-related fees brokerage clearing exchange distribution fees.\n.\n excludes consultants temporary staff.\n expenses fees.\n.\n 2018 2017.\n operating expenses $. billion 2018 12% higher 2017.\n efficiency ratio 2018 64. 1%. 2017.\n increase higher compensation benefits expenses performance provisions litigation regulatory proceedings.\n brokerage clearing exchange distribution fees technology expenses.\n consolidated investments digital lending deposit platform increased depreciation amortization market development.\n increase $ 297 million revenue recognition standard.\n note 3 financial statements.\n contracts customers.provisions litigation regulatory 2018 $ million $ 188 million 2017.\n $ 132 million charitable contribution goldman sachs.\n compensation reduced.\n directors recommendations recipients.\n headcount increased 9% technology professionals new business initiatives.\n.\n operating expenses $ 20. 94 billion 3% 3 % higher 2016.\n efficiency ratio 64. 2016\n driven higher compensation benefits expenses investments growth.\n digital lending deposit platform depreciation amortization.\n technology expenses increased professional fees consulting.\n offset lower provisions litigation occupancy expenses.\n goldman sachs 2018 form"
}
{
    "_id": "dd4bbe2a0",
    "title": "",
    "text": "five-year return citi 2019s common stock 201cc 201d held 77787 stockholders january 31 2017 s&p 500 index financial index five december 31 2016.\n $ 100 invested december 31 2011 citi 2019s common stock&p 500 index index dividends reinvested.\n five-year return s&p 500 financials.\n 100.\n 150. 116. 128.\n 198. 153. 174.\n 206. 174. 201.\n 197. 177. 198.\n. 198. 243."
}
{
    "_id": "dd4bc000a",
    "title": "",
    "text": "lockheed martin corporation management financial space systems results.\n net sales $ 7384\n operating profit\n sales increased 8% 2002 2001.\n higher volume government $ 370 million commercial space $ 180 million.\n $ 470 million satellite $ 130 million ground systems declines 175 million government launch 55 million strategic missile programs.\n commercial nine launches 2002 six 2001.\n net sales decreased 7% 7 % 2001.\n volume declines $ 560 million increases government $ 60 million.\n reductions 480 million launch vehicle $ 80 million satellite programs.\n six launches 2001 14 2000.\n $ 230 mil volume.\n offset $ 110 million decrease declines government launch vehicle $ 50 million adjustments titan.\n operating profit increased 23%.\n reduced losses increased operating profit $ 90 million.\nsatellite manufacturing losses declined 100 million 2002 performance improved deliveries increased.\n $ 40 million loss contracts.\n oversupply deterioration pricing results.\n profit $ 10 million.\n lower profitability $ 55 mil launches charges $ 60 million $ 20 million market pricing pressures $ 35 million adjustment settlement.\n 2001 results reduced profit $ 145 million.\n $ 10 million decrease reduced volume vehicles missile programs $ 80 million offset increases $ 40 million government satellite $ 30 million ground systems.\n profit increased 4% 2001.\n $ 35 million increase government space offset losses $ 20 million commercial.\n higher volume improved performance satellite.\n not affected $ 50 million adjustment 2000 $ 55 million charge government.\n decreased profit $ 15 mil lion losses.\nlaunch vehicle $ 60 million charges market pricing.\n offset $ 50 million contract adjustments.\n satellite manufacturing losses decreased 2000 $ 40 million loss 2001."
}
{
    "_id": "dd4b90e72",
    "title": "",
    "text": "citigroup repurchases from government entities.\n representations warranties depend on transaction buyer.\n market conditions credit-ratings requirements affect representations.\n breach representations warranties repurchase mortgage loans or indemnify investor insurer.\n repurchase reserve.\n repurchase company credit loss loans.\n representations warranties not subject to limits.\n contractual liability arises warranties breached loss breach.\n repurchase loan credit- impaired loan accounted for under sop 03-3.\n repurchases nonperforming loan statistics credit-impaired loans not included nonaccrual loans.\n company estimates exposure to losses repurchase loans probability repurchase make-whole estimated loss.\n calculated separately by sales vintage.year loans sold historical trends forecasted repurchases losses requests loan documentation repurchases make-wholes percentage claims success rate appealing claims unresolved claims estimated loss loss principal accrued interest foreclosure costs.\n estimation methodology historical experience trends reserve.\n loan documentation packages potential claim.\n requests outstanding claims increased.\n loss severity estimates increased macroeconomic factors experience.\n $ 493 million change estimate reserve.\n repurchase reserve calculated sales vintage.\n majority repurchases 2006 2007 vintages largest loss--repurchase.\n insignificant percentage prior 2006 expected decrease.\n improved repurchase loss-repurchase statistics 2008 2009 vintages.\n repurchase credit-impaired loan difference fair value unpaid principal balance utilization repurchase reserve.\n payments charged against reserve.\nprovision for losses from loan sales gain on sale included in consolidated statement income.\n liability for representations warranties estimated when loans updated quarterly.\n adjustment recorded in.\n activity repurchase reserve for years 31 2009 2008.\n balance $ 75 $ 2\n additions new sales 33\n change estimate\n utilizations -119\n balance end year $ 482 $ 75\n goodwill represents company acquisition cost over fair value assets.\n subject to annual impairment tests allocated to reporting units impairment if exceeds fair value.\n goodwill allocated fair.\n intangible assets amortized over estimated useful lives.\n not amortized subject to tests.\n if exceeds fair value.\nintangible assets amortization impairment recognized amount exceeds value.\n loans deferred tax equity investments interest fees premises equipment-user derivatives repossessed assets."
}
{
    "_id": "dd4c55682",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries 2030 deduction goodwill assets deferred tax liabilities goodwill $ 3. 67 billion 2017 2016 intangible assets $ 373 million $ 429 million deferred tax liabilities $ 704 million $ 1. 08 billion.\n 2030 deduction nonconsolidated institutions thresholds.\n decrease 2016 reductions investments.\n deduction aggregate investments excluding extended conformance.\n.\n 2014 regulation rule.\n adjustments overfunded defined benefit pension plan obligation deferred tax liabilities disallowed deferred tax assets credit valuation adjustments debt valuation adjustments risk-based deductions.\n 2030 subordinated debt.\n maturity five years.\n 2 capital reduced maturity five years.\n note 16.\n note 20 transitional capital ratios 2017 2016.\n banking.\n amendments capital framework.\n federal bank approved rule supplementary leverage ratio.\n compares 1 capital leverage exposure daily assets off-balance-sheet exposures deductions.\n requires minimum leverage ratio 5. 0%. 3. 2. buffer.\n january 1 2018.\n supplementary leverage ratio calculated phased-in basis.\n three months.\n 1 capital $ 78227 $ 81808\n total assets $ 937424 $ 883515\n deductions -4572\n assets 932852 878618\n off-balance-sheetexposures\n supplementary leverage exposure $ 1341016 $ 1270173\n 5. 8%. 6. 4%. 4 %\n off-balance-sheet exposures derivatives securities financing commitments guarantees.\n capital separate regulation capital requirements jurisdictions.\n.\ngs bank usa capital requirements bhcs ratios risk-based capital leverage requirements state banks.\n note 20 financial statements capital ratios minimum ratios.\n goldman sachs 2017 form 10-k 73"
}
{
    "_id": "dd4bd002c",
    "title": "",
    "text": "market conditions trust asset performance future discount rates bonds decisions provisions.\n benefit plan contributions 2014 $ 57 million.\n 2014 contributions different influenced discretionary funding government requirements asset performance renewals union contracts health care claims cost.\n cash flow operating activities reduced expenditures property additions.\n debt repayment dividend distributions acquisition opportunities share repurchases.\n flow metric gaap measure.\n 2012\n net cash operating activities $ 1807 $ 1758 $ 1595\n additions properties\n $ 1170 $ 1225 $ 1001\n year-over-year change.\n. decrease cash flow 2013 due higher capital expenditures.\n increase 2012 improved performance working capital pringles acquisition changes capital expenditures.\nnet cash 2013 $ 641 million decrease $ 2604 million attributable $ 2668 million acquisition pringles.\n supply chain infrastructure capacity markets.\n investment information technology infrastructure.\n cash $ 3245 million increased $ 2658 million due pringles.\n additions increased 4. 3%. 2013 8% cash $ 1141 million 2013 compared $ 1317 million 2012 $ 957 million 2011.\n increase due debt pringles.\n total debt $ 7. 4 billion 2013 $ 7. 9 billion 2012.\n issued $ 250 million two-year floating-rate.\n notes $ 400 million ten-year.\n notes net proceeds debt discount $ 645 million.\n corporate purposes repayment $ 750 million. 25%\n notes.\n issued $ 350 million three-year. 125%\n notes $ 400 million five-year. 75%.\n 700 million ten-year. 125% 125 %\n proceeds discount $ 1. 442 billion.\n purposes acquisition pringles.\n issued.\n $ 300 million two-year. 10% dollar notes repayment intercompany debt.\n pringles.\n repaid $ 750 million five-year. 125%. 125 %.\n.\n repaid $ 945 million ten-year. 60%\n.\n issued $ 400 million seven-year. 25%. % fixed rate.\n proceeds 397 million purposes repayment.\n issued $ 500 million five-year. 875% % fixed rate.\n.\n proceeds $ 498 million repayment."
}
{
    "_id": "dd4bfcdca",
    "title": "",
    "text": "2016 arconic recognized income tax benefits valuation allowances deferred tax assets russia canada $ 19 $ 20.\n tax benefits realizable.\n recorded valuation allowances australia $ 93 spain $ 163 luxembourg $ 280.\n offset changes deferred tax asset balances no net impact tax expense.\n need reassessed allowances increase decrease changes.\n 2015 recognized additional $ 141 tax charge valuation allowances deferred tax assets iceland suriname.\n $ 85 valuation allowance deferred tax assets suriname benefits tax.\n expiration 2016 to 2022.\n remaining $ 56 valuation allowance deferred tax assets iceland.\n expiration 2017 to 2023.\n management determined arconic tax benefit.\n driven decline primary metals business prior year losses short expiration period.\n2011 arconic brazil applied tax holiday mining refining operations.\n application amended re-filed similar filed.\n deadline government july 11 2014.\n tax holiday july 12 2014.\n tax rate holiday income decreased 34% to. 25%. future cash tax savings 10-year holiday period january 1 2013.\n net deferred tax remeasured new tax rate earnings.\n remeasurement net deferred tax assets noncash charge earnings $ 52 $ 31 interests.\n table changes valuation allowance.\n december 31, 2016 2015 2014\n balance beginning year $ 1291 $ 1151 1252\n increase allowance 772 180\n -209 ( 209 -42 -70\n acquisitions divestitures\n tax apportionment rate law changes -67\ncurrency translation\n balance end year $ 1940 1291\n arconic 2019s foreign earnings no deferred taxes $ 450 december 31 2016.\n commitments obligations growth foreign.\n no plans distribute earnings deferred tax liability."
}
{
    "_id": "dd4bc8dd6",
    "title": "",
    "text": ".\n assets business.\n network covers 23 states western.\n includes 31838 route miles.\n own 26009 miles operate remainder trackage rights leases.\n table describes miles 31 2013 2012.\n.\n 31838\n 6766 switching\n 50861 omaha nebraska.\n. million square feet space 4000 employees financing.\n harriman dispatching center primary dispatching facility.\n linked regional dispatching locomotive management facilities"
}
{
    "_id": "dd4bf6a7e",
    "title": "",
    "text": "corporate/other includes unallocated global staff functions finance risk human resources legal compliance expenses operations technology expenses income taxes treasury north america legacy consumer loan portfolios assets discontinued operations segments.\n december 31 2018 $ 91 billion assets increase 17%.\n.\n.\n.\n.\n net interest revenue $ 2254  $ 2000 $ 3045 13% % 34 %\n non-interest revenue -171 1132 2188\n interest $ 2083  $ 3132 $ 5233 33 % 40\n operating expenses $ 2272  $ 3814 $ 5042 24\n net credit losses $ 21  $ 149  $ 435  86 66\n credit reserve -218 -317 -456\n unfunded lending commitments -3\nbenefits claims -2 2 -7 98 71\n credit losses benefits claims $ -202 $ -175 69\n operations before taxes $ 13 -507 $ 122\n -113 19064 -455\n operations $ 126 $ -19571 $ 577\n discontinued operations taxes -8 ( -111 -58 ( -91 91\n noncontrolling interests $ 118 -19682 $ 519\n noncontrolling interests -6 -2 2\n $ 107 $ 521\n.\n income $ 107 million loss $ 19. 7 billion prior $ 19. 8 billion one-time non-cash charge 2017 tax reform.\n one-time benefit $ 94 million.\n accounting policies estimates.\ntax reform net income decreased 92% revenues expenses cost credit tax benefits reorganization.\n subsidiaries.\n benefits offset foreign currency adjustment.\n revenues decreased 33%.\n expenses decreased 40% 40 % costs legal expenses.\n provisions decreased $ 27 million $ 202 million lower credit losses loan loss reserve.\n losses declined 86% $ 21 million divestiture activity-down mortgage.\n reserve declined $ 96 million $ 221 million.\n.\n loss $ 19. 7 billion $ 521 million.\n income declined 69% % $ 168 million revenues expenses cost credit.\n revenues declined 40% 40 % wind-down legacy assets debt buybacks.\n $ 750 million gains asset sales $ 300 million exit citi.\n mortgage servicing.\nexpenses declined 24% assets legal expenses offset $ 100 million exit.\n mortgage.\n $ 255 million remediation card.\n decreased $ 244 million $ 175 million lower credit losses benefits claims loan loss reserve.\n credit losses declined 66% divestiture north america mortgage portfolio.\n lower insurance activity.\n net reserve release declined $ 147 million."
}
{
    "_id": "dd496e694",
    "title": "",
    "text": "entergy louisiana.\n revenues power expenses regulatory credits increase $ 98. million fuel cost recovery higher rates.\n offset decrease $ 31. million unbilled sales $ 12. 2 million rate refund provisions decrease $ 5. 2 million wholesale revenue decreased sales.\n expenses recovery deferred fuel costs market price natural gas.\n credits deferral 2004 $ 14. million capacity charges planning amortization 2003 $ 11. million deferred capacity charges deferral 2004 $ 11. 4 million voluntary severance program.\n net revenue fuel power expenses regulatory charges.\n change net revenue 2003 2002.\n 2002 net revenue $ 922.\n deferred fuel cost revisions.\n retirement obligation.\n.\n.\n.\n 2003 net revenue $ 973.\ndeferred fuel cost revisions variance sales pricing 2002 2003 costs.\n asset retirement obligation variance 143 2003.\n.\n increase offset decommissioning expense net income.\n volume variance electricity usage territory.\n decreased 1868 gwh industrial loss customer cogeneration."
}
{
    "_id": "dd4bcb2de",
    "title": "",
    "text": "september 24 2011 unrecognized tax benefits $ 1. 4 billion $ 563 million 2019s tax rate.\n 25 2010 $ 943 million $ 404 million tax rate.\n aggregate changes tax benefits three years 24 2011.\n 2010 2009\n balance $ 943  971 $ 506\n increases\n decreases\n increases\n decreases settlements\n decreases expiration statute limitations -3\n ending balance $ 1375  $ 943 $ 971\n includes interest penalties tax benefits.\n september 24 2011 25 2010 interest penalties $ 261 million $ 247 million non-current liabilities.\n recognized interest expense 2011 2009 $ 14 million $ 64 million 2010 benefit $ 43 million.\n subject taxation files income tax returns.\njurisdiction foreign jurisdictions.\n.\n income tax years prior to 2004 closed.\n internal revenue service audit company federal income tax returns 2004 2006 proposed adjustments.\n company contested adjustments.\n examining 2007 2009.\n company subject to audits state local foreign tax authorities.\n years 1988 2001 open.\n management believes provision adjustments tax examinations.\n outcome tax audits.\n adjust provision income tax.\n unrecognized tax benefits 12 months.\n shareholders equity-based compensation stock five million shares authorized preferred stock none issued outstanding.\n board directors authorized to determine alter rights preferences privileges restrictions authorized unissued shares stock.\n comprehensive income net other comprehensive income.\n revenue expenses gains losses"
}
{
    "_id": "dd4b90814",
    "title": "",
    "text": "contractual maturities securities january 30 2009 years $ 31. 4 million cost $ 28. million fair value.\n successor predecessor gains losses securities.\n cost identification method.\n lower.\n gross profit cost-to inventory ratio.\n warehousing distribution capitalized inventory.\n excess current cost $ 50. million january 2009 $ 6. 1 million february 1 2008.\n.\n reserves adjusted zero july 6 2007.\n successor provisions $ 43. million $ 6. 1 million 2008 2007.\n predecessor credit $ 1. 5 million 2006.\n increased commodity cost pressures food pet products fruit vegetable prices freight costs.\n increases petroleum resin metals pulp cost increases.\ncompany commodity cost increases increasing retail prices.\n estimates annual impact commodity cost fluctuations information.\n pre-opening costs construction periods expensed.\n property equipment recorded cost.\n depreciation amortization lives.\n land improvements\n buildings\n furniture fixtures equipment\n leased amortized lease term."
}
{
    "_id": "dd4b916e2",
    "title": "",
    "text": "operations 2016 $ 2836 million $ 1829 million net-tax impairment entergy wholesale commodities 2 3 plants reduction income tax expense $ 238 million tax classification nuclear power settlement 2010-2011 audit $ 75 million tax benefit vidalia power agreement $ 54 million net benefit hurricane gustav ike reduction expenses $ 100 million $ 64 million net-of-tax final court decisions lawsuits spent nuclear fuel storage.\n note 14 3 8 nuclear fuel litigation.\n revenue 2017 2016.\n.\n 2016 net revenue $ 6179\n retail electric price\n regulatory credit corporate income tax rate\n gulf recovery\n louisiana act 55 financing savings obligation\n volume\n 2017 net revenue $ 6318\nretail electric price variance due 2022 2017 entergy arkansas base rates february 24 2016 apsc.\n rate increase power block 2 union power station 2016 2022 waterford 3 replacement transmission cost recovery entergy texas 2016 increase march 2017 increase entergy mississippi mpsc billing july 2016.\n note 2 financial statements rate waterford 3 replacement.\n note 14 union power station purchase.\n entergy corporation subsidiaries"
}
{
    "_id": "dd4c1862e",
    "title": "",
    "text": "stock performance graph five year returns teleflex common stock 500 stock index healthcare equipment supply index.\n changes $ 100 invested teleflex december 31 2009 dividends reinvested.\n market performance.\n 2009 2013 2014\n teleflex 102 119 142 190\n s&p 500 index 115 117 136 180\n s&p 500 healthcare equipment supply index 113 144\n"
}
{
    "_id": "dd498a524",
    "title": "",
    "text": "activities.\n table reconciles cash free cash flow non.\n millions 2015 2014 2013\n operating activities $ 7344 $ 7385 $ 6823\n investing -4476 -4249 -3405 (\n dividends -2344 ( 2344 -1632 -1333 ( 1333\n free cash flow $ 524 $ 1504 $ 2085\n 2016 safe benefits employees customers shareholders communities.\n multi-faceted approach safety technology risk assessment quality control training employee engagement capital investments.\n safety culture.\n increase detection rail defects crossings educate safety.\n align resources customer demand improve network performance maintain surge capability.\n projections uncertain.\n volatile fuel prices sensitive global.\n demand refining capacity geopolitical events weather conditions.\nprices fluctuate impact earnings fuel surcharge programs trail fluctuations two months.\n lower fuel prices spending demand products.\n coal sand crude oil shipments.\n capital plan 2013 $ 3. 75 billion ptc 230 locomotives 450 freight cars.\n revised business conditions laws affect.\n liquidity capital resources 2013. financial expectations 2013 conditions uncertainty volume levels.\n down slightly 2016 2015 economy market conditions.\n strong.\n dollar low commodity prices drive volatility.\n outlook energy markets challenges opportunities.\n margin improvement pricing opportunities productivity franchise.\n.\n economy some markets outperforming."
}
{
    "_id": "dd497848c",
    "title": "",
    "text": "management financial condition results operations 2013 amounts millions liquidity capital resources cash flow tables financial data liquidity capital resources.\n 2015 2014 2013\n net income operating $ 848. $ 831. $ 598.\n working -117. 117 -131.\n non-current assets liabilities -56. -30.\n cash operating activities $ 674. $ 669. $ 592.\n investing -202. 202 -224.\n financing -472. 472 343.\n income depreciation amortization intangible amortization restricted stock non compensation extinguishment debt losses sales deferred income taxes.\n changes accounts receivable expenditures assets accounts payable accrued liabilities.\n operating activities cash 2015 $ 674. improvement $ 4.compared 2014 improvement working capital usage $ 13.\n seasonality generate second use first largest impacts first fourth quarters.\n net working capital usage 2015 attributable media businesses.\n net cash $ 669. improvement $ 76. 2013 increase net income offset working capital usage $ 121.\n capital impacted media businesses.\n timing media buying affects capital cash flow.\n agencies pay production media costs.\n after funds.\n exceed revenues affect accounts receivable expenditures payable accrued liabilities.\n assets cash accounts receivable liabilities.\n affected timing payments.\n annual cash incentive awards paid first quarter.\n cash 2015 capital expenditures $ 161. leasehold improvements computer hardware.\n.\n $ 148. computer hardware software leasehold improvements.\n payments $ 67.acquisitions 2014 cash."
}
{
    "_id": "dd4c35bd4",
    "title": "",
    "text": "valued monte carlo model.\n volatility based historical common stock three.\n term three years risk-free interest rate three-year.\n treasury rate.\n table average assumptions monte carlo simulation grant date fair values years december 31.\n volatility 17. 23%. 23 %. 40%. 40 %. 90%. 90 %\n risk-free interest rate 2. 36%. 36 %. 53%. 53 %. 91%. 91 %\n expected life 3.\n fair value per share $ 73. $ 72. $ 77\n grant date fair value amortized expense period graded-vesting method.\n dividends paid credits liability.\n pays sum cash payment dividend equivalents.\n $ 1 million deficit equity years december 31 2017 2016.\nstock purchase plan maintains nonqualified stock plan payroll deductions common stock discount.\n 5 2019 purchase price 90% fair market three -month purchase period.\n 27 2018 amended february 5 2019 acquire 85% 85 % fair market value end.\n december 31 2018 1. 9 million shares reserved espp.\n compensatory.\n 2017 2016 issued 95 thousand 93 shares."
}
{
    "_id": "dd4c2d858",
    "title": "",
    "text": "2.\n.\n operations at owned leased facilities.\n new haven connecticut corporate headquarters executive sales research development offices.\n haven connecticut corporate headquarters offices\n dublin ireland supply chain distribution offices 215000\n lexington massachusetts\n bogart georgia\n smithfield rhode island\n zurich switzerland regional executive sales offices 69000\n administrative office space adequate.\n research development manufacturing facility third party.\n lease space.\n foreign countries.\n leased 254000 square feet cheshire connecticut previous corporate headquarters sales offices.\n early termination lease through may 2016.\n 2014 purchased fill/finish facility athlone ireland.\n first company-owned fill/finish packaging facility commercial clinical products.\nmay 2015 announced plans construct new biologics manufacturing facility property dublin ireland completed 2020.\n.\n.\n received subpoena investigation enforcement sec grant-making activities compliance fcpa.\n alexion recalls soliris securities disclosures.\n october 2015 request doj voluntary production documents compliance.\n cooperating investigations.\n predict duration scope outcome.\n loss probable potential magnitude.\n.\n mine safety disclosures.\n applicable."
}
{
    "_id": "dd4c48b62",
    "title": "",
    "text": "discount rate pension obligations determined future benefits with yields corporate bonds.\n impact pension expense. 5%. decrease discount rate $ 18 million per year.\n depends economic environment unrecognized actuarial gains losses.\n expected long-term return on assets assumption pension expense.\n returns asset allocation policy.\n refers period benefit obligations disbursed.\n if.\n selection process references historical data environment qualitative judgment future return expectations.\n viewpoints data.\n portfolios.\n equity securities returned 9% annually.\n debt securities 6% 6 % ) annually.\n application returns to plan allocation ranges equities bonds produces result 6. 50%. and 7. 25%.\n plan 2019s historical returns current economic environment.\n experience recent returns not reliable indicators future returns.\n annual returns 2012.48%. 48 %. 29%. 29 % assumption represents estimated long-term returns.\n examine assumption companies determinations.\n data informs process qualitative judgment future investment returns.\n expected long-term return on assets pension cost 2014 7.%. down from. 50%. 2013.\n reducing expected long-term return assets to 6. 75%. % ) pension cost difference accumulated amortized to pension expense.\n point difference expense $ 9 million.\n pretax pension expense $ 9 million 2015 $ 7 million 2014.\n increase reflects lower return asset assumption improved mortality lower discount rate.\n offset by increase plan assets december 31 2014 return $ 200 million voluntary contribution february 2015.\n table estimated effects pension expense changes annual assumptions 2015 expense baseline.\ntable 26 pension expense 2013 analysis 2015 millions.\n. 5%. decrease discount rate\n. decrease long-term return assets\n. 5%. increase compensation rate\n assumption assumptions.\n pension plan contribution requirements not sensitive actuarial assumptions.\n investment performance contribution contributions future.\n current law pension protection act 2006 limits minimum maximum contributions.\n voluntary contribution contributions 2015.\n maintain defined benefit plans less financial results nonqualified supplemental retirement plans note 13 benefit plans financial statements item 8.\n financial services group.\n"
}
{
    "_id": "dd4bb50d8",
    "title": "",
    "text": "derivative instruments company exposed market risks interest rates foreign currency commodity prices business.\n management uses derivative commodity instruments futures options swaps manage risks.\n hedges risk designated.\n designates derivatives cash flow fair value net investment reduce volatility interest rates foreign currency commodities.\n speculative hedging transactions.\n derivative instruments december 29 2012 31 2011.\n millions\n foreign currency contracts $ 570 1265\n interest rate contracts 2150\n commodity contracts 136\n 2856 2040\n description each category fair value hierarchy financial assets liabilities december 29 2011 recurring.\n level 1 unadjusted quoted prices active market.\n commodity derivative contracts.\n level 2 quoted prices markets.\n interest rate swaps over-the-counter commodity currency contracts.\ncompany 2019s calculation value interest rate swaps discounted cash flow analysis contract interest rate curve.\n-counter commodity derivatives valued commodity index prices contract rate.\n foreign currency contracts rates contract rate.\n calculation value level 2 assets liabilities risk nonperformance counterparty credit risk.\n level 3.\n assumptions.\n level 3 assets liabilities december 29 2012 31 2011.\ntable presents assets liabilities measured fair value consolidated balance sheet december 29 2012 31 2011 derivatives hedging instruments 2012 2011 millions level 1 2 foreign currency exchange contracts current assets 2014 $ interest rate contracts other assets commodity contracts current assets total assets 68 34 liabilities foreign currency exchange contracts current liabilities 2014 commodity contracts current liabilities total liabilities 41 fair value hedged portion company 2019s long-term debt level 2 liability $ 2. 3 billion december 29 2012 $ 626 million december 31 derivatives not 2012 2011 millions level 1 2 commodity contracts other current assets total assets liabilities commodity contracts other current liabilities total liabilities"
}
{
    "_id": "dd4c39f40",
    "title": "",
    "text": "entergy corporation subsidiaries financial deferral variance due 2014 non-fuel charges approved lpsc mpsc.\n offset operation maintenance expenses.\n note 2 statements.\n waterford 3 replacement steam generator due regulatory charge $ 32 million 2015 uncertainty.\n note 2 financial statements.\n net revenue 2015 2014.\n.\n 2014 net revenue $ 2224\n nuclear price changes -310\n vermont yankee shutdown 2014 -305\n 2015 net revenue $ 1666\n decreased $ 558 million 2015 due lower energy prices northeast market power prices lower capacity prices vermont yankee ceasing production 2014.\n offset higher volume nuclear fleet fewer refueling outage days unplanned outage days."
}
{
    "_id": "dd4b915f2",
    "title": "",
    "text": "devon energy subsidiaries financial statements 2013 changes reserves 2014.\n.\n reserves december 31 2013 258  443 701\n extensions discoveries 153\n revisions due prices -1 35\n -61 61 -43\n sale reserves -4 -2 -6\n conversion reserves -49 -89\n reserves december 31 2014 384 689\n 689 undeveloped reserves.\n 2 percent decrease 2013 25 percent reserves.\n drilling development increased reserves 161 89 13 percent 2013 reserves reserves.\n costs development conversion $ 1. billion 2014.\n revisions price decreased reserves 43 evaluations.\n onshore dry-gas areas.\n largest revisions 69 mmboe dry-gas areas shale north texas.\n reserves 2014 jackfish operations.\n2014 devon jackfish undeveloped reserves 384 441 mmboe.\n development controlled processing plants 35000 barrel capacity.\n steam capacity-oil ratios.\n steam bitumen processing facilities.\n 5 years conversion reserves.\n reserves undeveloped five years.\n development schedule extends 2031.\n reserves increased 9 higher gas prices barnett shale anadarko basin bitumen prices lower-royalty volumes.\n reserves increased 94 gas prices.\n 43 19 rocky mountain.\n reserves decreased 171 lower gas prices.\n barnett shale 25 rocky mountain."
}
{
    "_id": "dd4c57860",
    "title": "",
    "text": "uncapped damage provisions rare contracts represent risk.\n damage claim counterparty expenses revenue counterparty.\n indemnification provisions company may provide indemnifications for losses breach warranties commercial intellectual property divestiture agreements.\n significant payments claims.\n increasing risk intellectual property indemnities current legal climate.\n payment conditioned on other party claim challenge claims.\n obligations for indemnification breach warranties limited duration not 24 months amounts not excess contract value may recourse against third parties for payments.\n legal matters defendant in lawsuits claims actions.\n products contracts securities infringements patents violations licensing arrangements intellectual property matters.\n disposition on financial position liquidity results operations.\n commentary read with financial results segment note 12 financial statements.\nsales operating results 2019s segments 2008 2007.\n mobile devices segment designs manufactures sells services wireless handsets software licenses intellectual property.\n 2008 net sales 40% % consolidated net sales 52% 2007 66% 2006.\n.\n net sales $ 12099 $ 18988 $ 28383 36 ) % 33 %\n operating earnings loss -2199 ( 2199 1201 2690 83% %\n.\n results 20142008 2007 net sales $ 12. 1 billion decrease 36% ( 36 % $ 19. 0 billion 2007.\n 37% ( 37 % ) decrease unit shipments.\n sales impacted limited product offerings 3g products low-tier products.\n impacted global economic downturn 2008 slowing end user demand.\n sales decreased gsm cdma iden 3g.\nnet sales decreased north america europe middle east africa asia latin america.\n segment operating loss $ 2. 2 billion 2008 $ 1. 2 billion 2007.\n increase loss due decrease gross margin 36% 36 % decrease net sales excess inventory charges $ 370 million 2008 61management financial condition results"
}
{
    "_id": "dd4c100e6",
    "title": "",
    "text": "american water subsidiaries participate consolidated federal income tax return.\n.\n members charged federal income tax expense separate returns.\n income expense items accounted different periods.\n company provides deferred income taxes difference tax basis assets liabilities financial statements.\n based enacted tax rates.\n utility subsidiaries recognize assets liabilities revenues.\n investment tax credits deferred amortized income over service lives.\n recognizes accrued interest penalties tax income tax expense accounts sales tax.\n.\n construction non-cash credit income cost borrowed funds return equity funds.\n utility subsidiaries record afudc.\n borrowed funds shown reduction interest statements.\n equity funds included other income.\n summarized table years ended december 31.\n 2016 2015\nfunds construction $ 19 $ 15 $ 13\n borrowed funds\n environmental costs company water wastewater operations businesses.\n requirements environmental protection environmental claims.\n environmental expenditures current operations future benefit expensed capitalized.\n remediation costs past accrued.\n conservation agreement national oceanic atmospheric administration 2010 2017 protect steelhead trout carmel river watershed california.\n $ 1 million annually 2010 final payment 2021.\n remediation costs $ 6 million less than $ 1 million december 31 2017 2016.\n hedging interest rates.\n"
}
{
    "_id": "dd4bde26c",
    "title": "",
    "text": "network corporation consolidated financial statements decrease tax benefit net statements operations income loss december 31 2013.\n.\n discontinued operations blockbuster ceased operations.\n results discontinued operations financial statements.\n 2012 revenue discontinued operations $ 503 million $ 1. 085 billion.\n loss before loss $ 54 million $ 62 million.\n net tax 201d loss $ 47 million $ 37 million.\n net assets discontinued operations.\n current assets 68239\n noncurrent assets 9965\n current liabilities -49471\n long-term liabilities -19804\n net assets $ 8929\n blockbuster domestic evaluated impact factors competitive pressures fewer company-owned domestic retail stores administrative costs financial performance.\n retail stores 2012 2013.\nnovember 6  2013 blockbuster close stores discontinue by-mail dvd service.\n december 31 2013 ceased operations.\n mexico third quarter 2013 operations sale. recorded pre-tax charges $ 19 million exiting recorded loss discontinued operations tax statements income december 31 2013.\n january 14 2014 sale blockbuster mexico.\n january 16 2013 subsidiaries administration proceedings.\n wrote down assets subsidiaries net realizable value balance sheets december 31 2012.\n recorded charges $ 46 million administration loss discontinued operations net tax statements income year 2012."
}
{
    "_id": "dd4c5adf8",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014. 25%. repurchased $ 74. 9 million. $ 77. 3 million cash.\n recorded charge $ 3. 9 million value deferred financing fees loss retirement long-term obligations statement.\n $ 325. million $ 400. million outstanding.\n capital lease obligations obligations $ 59. 8 million $ 60. 4 million 2006 2005.\n obligations interest 6. 3%. to 9. 5%. seventy years.\n long-term debt capital leases five years.\n 2007 $ 253907\n 2008\n 2009\n 2010 1833416\n 2011 338501\n 1112253 cash obligations $ 3540009\n discount 3.%. notes 7. 125%.\n balance december 31 2006 $ 3543016\n 5.% notes require company repurchase maturity 2010 pay purchase price shares common stock subject conditions.\n. notes included mature rights 2007.\n february 2007 company cash tender offer outstanding 5. 0%. notes holders require purchase.\n.\n entered interest rate protection agreements manage variable rate debt variability cash flows interest payments new fixed rate debt july 31 2007.\n exposed credit risk counterparty terms.\n exposure limited current value contract.\n contracts december 31 2006 2005 credit worthy institutions.\n 2005 january 2006 entered ten interest rate swap agreements variable rate obligations"
}
{
    "_id": "dd4c2bb20",
    "title": "",
    "text": "advance auto parts.\n subsidiaries financial statements december 31 january 1 2 2011-12 superseded paragraphs asu 2011-05 income changes 2011-05 reclassification adjustments.\n 2011-05 financial condition results operations cash flows.\n issued asu.\n 2010-06 value measurements disclosures. 2010-06 disclosures transfers 1 2.\n clarifies disclosures disaggregation assets liabilities valuation techniques.\n effective annual reporting december 15 2009 level 3 activity disclosures 2010.\n adoption asu 2010-06 financial condition results operations cash flows.\n.\n used lifo method accounting 95% inventories december 31 2011 january 1 2011.\n sales recently purchased inventories carrying balance inventories purchased 2011 prior years.\n increase cost sales $ 24708 2011 supply chain costs inflationary pressures.\ncompany recorded reduction cost sales $ 29554 $ 16040 2010 2009.\n costs inventory decreased growth merchandise strategies supply chain efficiencies.\n remaining inventories non-consumable parts batteries valued first-in first-out method.\n merchandise costs passed returned vendor.\n not cost changes no difference lifo fifo valuation method.\n inventory overhead purchasing warehousing costs december 31 january 1 2011 $ 126840 $ 103989.\n balance year-end 2011 2010 fifo adjustments lifo december 31 $ 1941055 $ 2043158 january 1737059 1863870.\n inventories 1941055 1737059\n advance auto parts.\nsubsidiaries financial statements december 31 january 1 2 2011-12 superseded paragraphs asu 2011-05 income changes 2011-05 reclassification adjustments.\n adoption asu 2011-05 financial condition results operations cash flows.\n fasb issued asu.\n 2010-06 value measurements disclosures. disclosures transfers 1 2.\n clarifies disclosures disaggregation assets liabilities valuation techniques.\n effective interim annual reporting december 15 2009 level 3 activity disclosures.\n adoption asu 2010-06 financial condition results cash flows.\n.\n used lifo accounting 95% inventories december 31 2011 january 1.\n cost sales recently purchased inventories inventory carrying balance inventories purchased 2011 prior years.\n increase cost sales $ 24708 2011 supply chain costs inflationary pressures product.\ncompany cost sales $ 29554 $ 16040 2010 2009.\n costs inventory decreased growth merchandise strategies supply chain efficiencies.\n remaining inventories non-consumable parts batteries valued first-in first-out method.\n costs passed returned.\n cost changes no difference lifo fifo valuation method.\n inventory overhead purchasing warehousing costs december 31 2011 january 1 2011 $ 126840 $ 103989.\n year-end 2011 2010 december 31 $ 1941055 $ 2043158 january 1 $ 1737059"
}
{
    "_id": "dd4970516",
    "title": "",
    "text": "devon energy subsidiaries financial statements 2013 asset divestitures removed $ 26 million $ 706 million goodwill.\n canadian goodwill recognized 2001 gas.\n concluded fair value goodwill zero december 31 2014.\n decline oil prices production targets 2014.\n fourth quarter 2014 wrote off remaining canadian goodwill recognized $ 1. 9 billion impairment.\n intangible assets december 31 2014 $ million $ 36 million amortization.\n-average amortization period 13. years.\n expense $ 36 million year december 31 2014.\n assets long-term assets balance sheets.\n estimated aggregate amortization expense next five years.\n.\n 2016 2017"
}
{
    "_id": "dd4bef95e",
    "title": "",
    "text": "primary source cash operations.\n generated $ 5. 6 billion cash.\n returned shareholders repurchases dividends.\n cash capital expenditures acquisitions.\n cash notes payable long-term debt shares stock acquisitions.\n may 26 2019 $ 399 million cash equivalents foreign jurisdictions.\n undistributed earnings taxed.\n one-time repatriation tax 2018.\n-evaluated earnings 2018 reinvested 2018 earnings.\n recorded local withholding taxes.\n repatriate cash equivalents foreign subsidiaries without.\n income tax liability note 14 financial statements.\n cash flows.\n millions fiscal year 2019 2018\n net earnings noncontrollinginterests $ 1786. $ 2163.\n depreciation amortization 620.\n after-taxearnings joint ventures -72. -84\nearnings joint ventures 86. 113.\n stock-based compensation 84. 77.\n deferred income taxes 93. -504.\n postretirement benefit plan contributions.\n costs 6. 4.\n 30.\n restructuring exit costs 235. 126.\n assets liabilities -7. 5 542.\n. 27. 182.\n cash activities 2807. 2841.\n 2019 cash 2807 million 2841 million last.\n 34 million decrease million net earnings $ 550 million assets liabilities offset million deferred income taxes.\n 550 million 413 million timing accounts payable payment terms.\n deferred income taxes $ 638 million revaluing.\n tax liabilities.\n corporate tax rate.\n capital decreased 34 percent sales increase 7 percent.\nmay 26 capital $ 385 million 34 percent payment lower inventory.\n 2018 decreased 27 percent sales 1 percent."
}
{
    "_id": "dd496cbc8",
    "title": "",
    "text": "consolidated financial statements 2013 amounts millions cash flows 2010 expect contribute $ 25. 2 $ 9. 2 foreign domestic pension plans.\n significant contributions.\n.\n modifying schedule employer contributions.\n pension plan finalize 2010.\n contributions foreign pension plans increase 2010.\n 2009 contributed $ 31. 9 foreign pension plans contributions domestic negligible.\n estimated future benefit payments paid years.\n postretirement benefit.\n 17. 23.\n.\n.\n.\n.\n.\n estimated future payments postretirement benefit plans before federal subsidies medicare prescription drug modernization act 2003.\n subsidies range $ 0. 5 2010 to $ 0. 6 2014 $ 2. 4 2015-2019.\n defined contribution plans domestic employees.\nsavings plans investment alternatives.\n match contributions based years service.\n expensed 2009 2008 2007 were $ 35. $ 29. $ 31.\n company contribution $ 3. $ 4. $. offset participant forfeitures $ 2. $ 6.\n contribution plans foreign countries contributed $ 25. $ 28. $ 26.\n deferred compensation benefit arrangements salary.\n deferred interest conditions service retirement.\n december 2009 2008 deferred compensation liability balance was $ 100. 3 $ 107. 6 .\n expensed 2007 $ 11. $ 5. 7 $ 11.\n deferred benefit arrangements officers annual payment.\n deferred benefit liability $ 178. $ 182. december 31 2009 2008.\n $ 12. $ 14. $ 15. 5.\npurchased life insurance policies 2019 deferred compensation benefit liabilities.\n december 31 2009 2008 cash surrender value $ 119. 4 $ 100. 2.\n investments deferred compensation liabilities.\n separate trust"
}
{
    "_id": "dd4c2069e",
    "title": "",
    "text": "state street bank issue $ 1 billion fixed zero-coupon notes maturity five to fifteen years.\n. 25%. notes due 2018 semi-annual interest payments april october 15 qualify tier 2 capital.\n. 30%. notes due 2016 floating-rate due 2015 semi-annual interest payments. january july 15 2006 quarterly interest payments march june september december 8.\n qualify 2 capital.\n.\n indemnified securities financing unfunded commitments credit purchase assets standby letters of credit.\n total potential loss commitments equal contractual amount collateral.\n summary contractual credit-related financial instruments at december 31.\n.\n indemnified securities financing\n liquidity asset purchase agreements\n unfunded commitments extend credit\n standby letters of credit\ncustomers lend securities to brokers institutions.\n indemnify market against failure.\n collateral funds held by us not recorded in consolidated statement.\n require borrowers provide collateral equal 100% fair market value borrowed.\n revalued daily.\n.\n government securities $ 527. 37 billion $ 387. 22 billion collateral for indemnified securities at december 31 2006 2005.\n 81% unfunded commitments expire within year.\n represent future cash requirements.\n provide liquidity credit enhancements to-backed commercial paper programs.\n supported by liquidity asset purchase agreements backup liquidity lines of credit.\n provide direct credit support standby letters of credit.\n commitments totaled $ 23. 99 billion at december 31 2006 in.\n.\n.\n.07-2771-1 01 17:10:46 2007."
}
{
    "_id": "dd4c4b18c",
    "title": "",
    "text": "alexion pharmaceuticals.\n consolidated financial statements years 2016 2015 2014 millions share net leverage ratio.\n december 31 2016 interest rate loans was 2. 52% (. %.\n obligations guaranteed by alexion subsidiaries secured by liens equity interests.\n credit agreement financial covenants quarterly.\n deliver 50 days quarterly financial statements compliance certificate.\n november 2016 waiver from lenders third quarter 2016 financial statements compliance certificate extended to january 18  2017.\n third quarter report form 10-q january 4 2017 compliance certificate.\n credit agreement includes negative covenants incur indebtedness grant liens investment acquisition disposition transactions.\n contains representations warranties affirmative covenants events default.\n interest rate amounts.\ncredit agreement paid $ 45 financing costs amortized interest.\n deferred 2016 2015 $ 10 $ 6.\n 2014.\n acquisition synageva 2015 borrowed $ 3500 term loan $ 200 revolving facility used cash.\n principal payments $ 375 2016.\n $ 3081 outstanding term loan zero revolving facility.\n open letters credit $ 15  borrowing availability revolving facility $ 485.\n long term debt 2 approximates book value.\n contractual maturities debt obligations 2016.\n 2017\n 2019\n 2020\n included $ 175 current liabilities consolidated balance sheet deferred financing costs.\n.\n 2012 lease agreement office laboratory space new haven connecticut.\n lease 2015 2030 renewal option 10 years.\n building improvements funded construction.\nlandlord costs non-cash offset facility lease obligation balance.\n construction new completed service first quarter 2016.\n interest rate lease obligation 2016 11%.\n recognized $ 14 $ 5  interest expense.\n total facility lease obligation $ 136 $ 133  recorded liabilities lease obligation balance."
}
{
    "_id": "dd4c355f8",
    "title": "",
    "text": "duke realty corporation annual report 2010.\n net income loss common shareholders -14108 -333601 $ 50408\n dividends share-based awards -2513\n net income loss common shareholders -16621 -335360 48777\n noncontrolling interest earnings unitholders 2640\n diluted net income loss -16621 -335360 $ 51417\n average common shares 146915\n partnership units 7619\n potential dilutive shares 19\n common shares dilutive securities 154553\n shares securities criteria transactions involvement management financial assistance seller.\n judgments terms total profit ownership interest future involvement.\n full sales criteria not met defer gain recognition account continued operations finance installment cost recovery methods until full sales criteria met.\nfuture costs after sale included in gain on sales.\n operations gains from sales depreciated property included in discontinued operations proceeds from sale properties classified in investing activities statements.\n gains losses from sale of properties developed or to sell not for long-term rental properties classified as gain on sale.\n other rental properties classified as gain on sale.\n net income loss ) per common share computed by less dividends on by average common shares.\n diluted income by noncontrolling interest units potential dilutive securities.\n 2009 adopted new accounting standard on participating securities applied to calculations earnings.\n share-based awards considered participating securities earn dividend equivalents not forfeited even if award vest.\ntable reconciles diluted net income share"
}
{
    "_id": "dd496d5d2",
    "title": "",
    "text": ".\n 5.\n common equity issuer purchases common stock traded nasdaq global market cdns.\n february 2 2019 523 stockholders 56000 beneficial owners.\n return graph compares 5-year return nasdaq composite index s&p 500 index information technology index.\n investment common stock index december 28 2013 $ 100 fiscal year 2018.\n 5 year cumulative return cadence design systems. nasdaq composite s&p 500$ 100 invested 12/28/13 dividends.\n year.\n s&p.\n.\n design systems.\n&p 500.\n 12/28/2013 1/3/2015 1/2/2016 12/31/2016 12/30/2017 12/29/2018\n cadence design systems. $ 100. $ 135. 149. 311.\n nasdaq composite.172. 11 165.\n 100. 110. 109. 129. 157. 150.\n 100. 115. 121. 144. 201. 200.\n stock price."
}
{
    "_id": "dd4bfd216",
    "title": "",
    "text": "abiomed.\n subsidiaries financial statements 2014.\n stock award plans-based compensation restricted stock units table summarizes activity fiscal year 2012 shares grant date fair value.\n restricted stock units 407 $ 9. 84\n granted 607.\n vested. 88\n forfeited.\n end year 871 $ 15.\n remaining unrecognized compensation expense performance-based awards march 31 2012 $ 7. 1 million weighted-average period 2. years.\n grant-date fair value 2011 2010 $ 18. $ 10. $ 7. 67 per share.\n total fair value 2012 2011 $ 1. 5 million $. million $. 4 million.\n performance-based awards criteria.\njune 2010 311000 shares restricted stock performance-based award 45000 shares common stock issued executive officers senior management service milestones performance.\n march 31 2011 met performance targets portion shares vested.\n remaining shares vest service conditions.\n months june 30 2011 graded vesting method compensation.\n additional compensation expense $ 0. 6 million.\n financial statements recorded adjustment quarter june 30  2011.\n three months performance-based awards 284000 shares common stock issued executive officers senior management vest service performance milestones.\n march 31 2012 met targets 184000 shares probable targets remaining 100000 shares compensation expense recognized.\n march 31 2012 recorded $ 3. 3 million stock-based compensation expense equity awards performance milestones achieved probable.\nunrecognized compensation equity awards 2012 $ 3. 6 million performance milestones.\n 2. years."
}
{
    "_id": "dd497e760",
    "title": "",
    "text": "item 5.\n market common equity stockholder issuer purchases table presents quarterly high low share sale prices common stock new stock exchange 2008 2007.\n march 31 $ 42. $ 32.\n june 30 46. 38\n september 30 43.\n december 31 37. 19\n march 31 $ 41. $ 36.\n june 30 43. 84 37\n september 30 45. 36\n december 31 46. 53\n february 13 2009 closing price common stock $ 28. 85 per share.\n 397097677 outstanding shares 499 registered holders.\n never paid dividend common stock.\n retain future earnings fund development growth business.\n indentures 7. 50% notes. prohibit dividends financial covenants.\n. restrict pay dividends covenants.\nspectrasite subsidiaries unrestricted 7. 50%. 125%. notes subsidiaries restrictions cash loan agreement securitization transaction.\n information restrictions revolving credit facility loan see item 7 annual report 201cmanagement financial condition results operations 2014liquidity capital resources liquidity 201d note 6 consolidated financial statements."
}
{
    "_id": "dd4c527f2",
    "title": "",
    "text": "visa inc.\n financial statements 2014 september 30 2008 volume support incentives agreements sales volume increase acceptance payment products.\n agreements one to thirteen years provide card issuance marketing program support performance requirements.\n encourage business increase visa-branded payment volume costs brand awareness.\n payments obligations included balance sheets.\n obligation amortized revenue revenues earned estimate performance.\n agreements may limit incentive payments.\n higher payments volumes potential exposure agreements estimated september 30 2008 fiscal millions volume support incentives.\n 1088\n 2010 1105\n 2011\n 2012 798\n 2013\n $ 4944\n amounts agreements may estimates.\n increases incentive payments driven by increased transaction volume estimate financial condition cash flows.\n indemnification framework agreement.\nvisa europe indemnifies.\n claims member banks.\n claims. financial institutions.\n probability loss.\n estimated maximum liability insignificant no liability accrued.\n information see note 4 2014visa 5 2014retrospective responsibility plan 11 2014debt 13 2014settlement guarantee management 23 2014legal matters."
}
{
    "_id": "dd4bf9c7e",
    "title": "",
    "text": "content part ii item 5.\n registrant's common equity stockholder matters issuer purchases stock traded new york stock exchange symbol 201chfc. september 2018 board approved $ 1 billion share repurchase program replaced programs open market privately transactions.\n timing market conditions corporate regulatory considerations.\n program discontinued.\n table repurchases fourth quarter 2018.\n average price paid dollar value.\n october 2018 1360987 $.\n november 2018.\n december 2018 912360 $. $ 787613605\n october december 2018\n quarter december 31 2018 102360 shares withheld executives employees share-based compensation agreements payroll income taxes restricted stock awards.\nfebruary 13 2019 97419 stockholders owners.\n dividend quarterly no assurance future dividends earnings capital financial condition."
}
{
    "_id": "dd4b9328a",
    "title": "",
    "text": "redemptions early extinguishment charge $ 5 million.\n march 22 2010 redeemed $ 175 million 6. 5%. notes due april 15 2012.\n early extinguishment $ 16 million first quarter 2010.\n november 1 2010 redeemed $ 400 million 6. 65%. notes due january 15 2011.\n redemption $ 5 million early extinguishment charge.\n receivables securitization facility december 31 recorded $ 100 million secured debt facility.\n.\n.\n interest lease transactions.\n lease transactions equipment facilities headquarters building no other activities liabilities lease.\n right purchase assets fixed prices.\n.\n maintain operate assets contractual obligations.\n no control value leased assets.\n direct performance.\nobligation absorb losses right receive benefits primary beneficiary consolidate performance fixed-price purchase options not significant.\n future minimum lease payments totaled $ 3. 9 billion december 31 2011.\n.\n leases locomotives freight cars.\n consolidated financial position included $ 2458 million $ 915 million depreciation $ 2520 million net $ 901 million depreciation.\n charge income depreciation included depreciation expense.\n future minimum lease payments capital leases-cancelable december 31 2011 capital.\n 2012 525 297\n 2013\n 2014\n 2015\n 2016\n minimum leasepayments $ 4528 $ 2559\n $ 1874\n majority capital lease payments locomotives.\nrent expense leases month million 2011 624 million 2010 686 million 2009.\n variable rental expense.\n contingent sub-rentals."
}
{
    "_id": "dd496faa8",
    "title": "",
    "text": "fourth quarter 2010 schlumberger issued 20ac1. billion. 75%. 75 % guaranteed notes.\n euro notes dollars maturity interest 2. 56% ( 2. 56 %.\n first quarter 2009 schlumberger issued. billion 4. 50%. 50 % guaranteed notes 2014.\n swap euro notes dollars maturity debt interest 4. 95% ( 4. 95 %.\n 2008 approved $ 8 billion repurchase program december 31 2011.\n extension repurchase december 31 2013.\n repurchased $ 7. 12 billion shares december 31 2012.\n repurchase 2012 2011 2010 cost average price paid.\n 971883.\n 2997688.\n 1716675.\n cash flow $ 6. 8 billion 2012 $ 6. 1 billion 2011 $ 5.billion 2010.\n schlumberger managed activity venezuela increased delay payment oil customer.\n operates 85 countries.\n five countries accounted 5% receivable balance united states represented 10%.\n dividends 2012 2011 2010 $ 1. 43 billion $. 30 billion $ 1. 04 billion.\n 2013 quarterly dividend. 6%. $. 3125.\n 2012 10% $. 275.\n 2011 dividend 19% $.\n capital expenditures $ 4. 7 billion 2012 $ 4. billion 2011 $ 2. 9 billion 2010.\n expected approach $ 3. 9 billion 2013.\n contributions $ 673 million $ 601 million $ 868 million postretirement benefit plans.\n 82% funded december 31 2012.\n 87% 2011.\n international benefit pension plans 88% funded.\n.\n$ 650 million postretirement 2013.\n $ 321 million debentures 2009.\n remaining $ 320 million. debentures 2023 converted. million shares common stock $ 1 million redeemed cash."
}
{
    "_id": "dd4c4e1f2",
    "title": "",
    "text": "company subsidiaries employees participate.\n. 401 ( k ) plan contributory.\n contributions based contributions.\n contributions 2010 reinstated contributions 100% match first 4% contributions.\n maximum matching contribution 2010 pro-rated months reinstatement.\n expenses plans 2012 2011 2010 $ 42 million $ 48 million $ 23 million.\n january 1 2012 additional 401 k plan.\n december 31 2012 no matching contributions.\n.\n share-based compensation plans plans stock options stock appreciation rights employee stock purchase plan grants options stock employees option holders.\n price 100% fair market value common stock.\n awards life five to ten years vest over two four years.\n if holder terminated within 24 months change control.\n employee stock purchase plan allows purchase common payroll deductions 20% compensation.\nparticipants purchase $ 25000 stock year.\n share 85% fair market value company stock.\n two purchase periods first october 1 march 31 second april 1 september 30.\n 2011 2010 employees purchased. 4 million 2. 2 million. 7 million shares $ 34. 52 $ 42.\n company calculates value employee stock option black-scholes option pricing model.\n weighted-average estimated value options 2012 2011 2010 $ 9. 60 $ 13. 25 $ 21. 43  assumptions.\n expected volatility 24. 0%. 8%. 7%.\n risk-free interest rate. 8%. 1%\n dividend yield. 2%.\n expected life.\n uses implied volatility traded options stock black-scholes model.\nimplied volatility availability traded options future stock price trends.\n risk-free interest rate assumption daily closing rates.\n treasury notes option.\n dividend yield assumption future expectation dividend payouts.\n life stock options contractual term weighted-average vesting period tranches.\n forfeiture rates 13%-50% option values black-scholes option pricing model.\n remaining vesting term revised differ."
}
{
    "_id": "dd497b6a0",
    "title": "",
    "text": "retail hnw investors-term asset class region 2012 emea asia-pacific.\n equity 94805 53140\n fixed income 121640\n multi-asset class\n alternatives\n long-term retail $ 298024 77699 27761 403484\n serves investors accounts funds unit trusts private investment funds.\n long-term assets $ 403. 5 billion up 11%. 2011.\n net inflows $ 11. 6 billion augmented market valuation improvements $ 28. 3 billion.\n investors intermediaries broker-dealers banks trust companies insurance advisors.\n mutual funds $ 322. 4 billion 80% remainder private funds accounts.\nproduct mix diversified 41% long-term aum equities 34% fixed income 23% multi-asset 2% alternatives.\n active products.\n client base diversified 74% long-term aum 19% emea 7% asia-pacific.\n.\n retail long-term inflows $ 9. 8 billion driven.\n sector specialty fixed income equity.\n broadened distribution funds $. billion.\n.\n alternatives $ 5. billion threshold.\n blackrock municipal target term trust $ 2. 1 billion largest municipal fund industry since 2007.\n leading.\n manager managed accounts second closed-end fund manager top-ten long-term open-end mutual.\n retail inflows $ 1. 8 billion fixed income inflows $ 5. 2 billion.\n demand risk-off instability de-risking.\n equity net outflows $.9 billion sector equity strategies uncertainty.\n international luxembourg cross-border blackrock global funds strategic funds $ 83. 1 billion $ 2. 4 billion retail funds.\n 67 funds 35 jurisdictions.\n 60% rated s&p.\n third largest cross border fund.\n five largest fund innovative offerings natural resources european equity asian equity income.\n relationships global investment expertise local regulations.\n"
}
{
    "_id": "dd4ba3f54",
    "title": "",
    "text": "management analysis portfolios positions not var.\n.\n 10% measures.\n table market risk inventory positions.\n determined reduction net revenues 10% decline asset value.\n equity positions private public equity securities corporate equities real estate hedge funds. debt positions corporate senior debt commercial real estate corporate bank loans distressed loans.\n. note 6 financial statements.\n measures reflect diversification benefits asset categories market risk.\n 10% % amount millions 2013 2012 equity $ 2256 2471.\n 2471\n debt\n $ 4147\n.\n $ 208 million investment ordinary shares icbc sold first half 2013.\n credit spread sensitivity derivatives borrowings.\n excludes impact credit spreads derivatives unsecured borrowings fair value option.\n estimated sensitivity one point increase credit spreads derivatives $ 4 million $ 3 million 2013 2012.\n increase credit spreads unsecured borrowings $ 8 million $ 7 million.\n impact spreads affected liquidity duration convexity borrowings performance hedges.\n.\n 2013 firm $ 14. 90 billion $ 6. 50 billion loans investment accounted amortized cost 201creceivables floating interest rates.\n estimated sensitivity 100 point increase interest rates loans $ 136 million $ 62 million additional interest income 12-month increase costs loans.\n note 8 financial statements loans.\n goldman sachs 2013 annual report"
}
{
    "_id": "dd4ba7dfc",
    "title": "",
    "text": "research personnel lab facilities expanded portfolio patents license cooperative development program.\n acquired 20 percent interest grt.\n gtftm technology protected intellectual property protection program.\n.\n granted 17 patents 22 pending.\n over 300 patents issued 100 countries.\n technology processing transportation costs natural gas creating gas hydrates.\n regasified delivery.\n pilot program proprietary natural gas hydrates manufacturing system.\n expansion lng production facility.\n approvals natural gas volumes regasification capacity.\n.\n refining marketing transportation midwest upper great plains gulf coast southeast.\n fifth largest crude oil refiner.\n largest midwest.\n seven-plant refining network integrated terminal transportation system wholesale-brand retail.\nwholly-owned subsidiary speedway superamerica llc third largest retail gasoline convenience stores.\n largest midwest.\n seven refineries refining capacity 1. 188 million barrels per day crude oil december 31 2009.\n refineries processed 957 mbpd crude oil 196 mbpd blend stocks.\n daily crude oil refining capacity 31.\n.\n catlettsburg.\n refineries include atmospheric vacuum distillation catalytic cracking reforming desulfurization recovery units.\n oils produce refined products heavy fuel oil asphalt.\n manufacture aromatics cumene propane sulfur maleic anhydride.\n garyville refinery mississippi river louisiana.\n processes heavy sour crude oil"
}
{
    "_id": "dd4c0bbe0",
    "title": "",
    "text": "goodwill reviewed annually fourth quarter for impairment.\n company performs impairment analysis intangible assets.\n changes membership state funding medical contracts provider networks.\n impairment loss if value exceeds implied fair value.\n impair ment losses.\n paid incurred unpaid.\n developed actuarial methods historical data payment patterns cost trends product mix seasonality.\n reviewed adjustments reflected.\n actuarial methods.\n claims payable unpaid claims december 31 2005 payments may differ estimates.\n medicaid care revenue monthly fixed rates member contracts.\n addi tional premium supplemental services.\n revenue recognized earned covered period.\n recorded membership eligibility data adjusted.\n adjustments immaterial revenue.\n premiums collected advance recorded as unearned revenue.\nspecialty services segment generates revenue government health plans third-party customers.\n revenues recognized earned.\n performance-based contracts revenue refund until.\n recorded unearned revenue.\n premium receivables net allowance uncol lectible accounts trends.\n december 31.\n 2005 2004 2003\n $ 462 $ 607 $ 219\n write-offs uncollectible receivables\n end year $ 343 $ 462 $ 607\n revenues state medicaid managed care programs.\n june 30 2006 august 31 2008.\n indiana kansas texas wisconsin 18% 12% 22% 23% revenues year 31.\n purchased reinsurance healthcare services.\n current reinsurance program covers 90% inpatient healthcare expenses annual deductibles $ 300 lifetime maximum $ 2000.\nmedicaid subsidiaries for inpatient charges average daily.\n reinsurance recoveries were $ 4014 $ 3730 $ 5345 2005 2004 2003.\n expenses $ 4105 $ 6724 $ 6185.\n included in medical costs.\n investment interest expense.\n from cash equivalents deposits investments.\n interest borrowings credit facility mortgage interest capital leases credit fees.\n deferred tax assets liabilities recorded future tax consequences differences financial tax bases.\n measured using enacted tax rates.\n effect change tax rates recognized.\n valuation allowances provided deferred tax assets.\n future reversals"
}
{
    "_id": "dd4974620",
    "title": "",
    "text": "transaction commercial issues businesses.\n skills valuable monitor regulatory tariff schemes capital budgeting acquisitions.\n expects cost reduction performance improvement earnings cash flows no assurance reductions less earnings cash flows 2004.\n initiative sell subsidiaries.\n dependence capital markets balance sheet financial leverage liquidity.\n chart details asset sales closed 2003.\n proceeds project date.\n cilcorp/medina valley january 2003 $ 495 united states\n. $ 59 australia\n mountainview $ 30\n $ 29 south africa\n $ 94 tanzania\n barry$ 62 united\n haripur $ 145 bangladesh\n telasi $ 23 republic georgia\n operations$ 78\n oasis $ 150 pakistan/oman\n portfolio business performance dispose additional businesses.\nimprovements liquidity lower emphasis asset sales improving liquidity strengthening balance sheet.\n no guarantee proceeds cover investment subsidiaries.\n sale may change financial characteristics portfolio results.\n future sales impact recurring earnings cash flows.\n subsidiary restructuring 2003 restructuring transactions south american businesses.\n efforts improving long-term prospects returns extending short-term debt maturities.\n businesses impacted eletropaulo tiete uruguaiana sul brazil gener chile.\n.\n interest eletropaulo since 1998.\n 2002 acquired controlling interest.\n financed acquisition eletropaulo loans deferred purchase financing brazilian national development bank subsidiary.\n subsidiaries.\n transgas.\n."
}
{
    "_id": "dd4c65e10",
    "title": "",
    "text": "item 5.\n common equity issuer purchases common stock nasdaq global market.\n equity compensation plans securities item 12 annual report form 10-k.\n purchases equity table summarizes stock repurchases three months november 2 2019.\n shares purchased average price paid share plans dollar value.\n average price share dollarvalue\n august 4 31 $ 109. 194849 $ 2213017633\n september 1 28 342313 $. 338534 $ 2174639499\n september 29 november 2 1023202 $. $ 2070927831\n 1564746 $.\n 81832 shares withheld employees tax obligations vesting restricted stock units equity compensation plans.\n average price paid closing stock price vesting date shares withheld.\nshares repurchased stock repurchase program august 12 2004.\n 21 2018 board approved authorization $ 2. billion $ 8. 2 billion.\n repurchase outstanding shares common stock open market privately negotiated transactions.\n shares.\n holders common stock november 22 2019 2059.\n.\n 1 2019 last sales price stock nasdaq market $ 109. 37 per share."
}
{
    "_id": "dd4bd2250",
    "title": "",
    "text": "state street corporation 52 shareholder return compares return s&p 500 s&p financial index kbw bank index five-year.\n $ 100 state street stock.\n reinvestment dividends.\n s&p financial index capitalization-weighted 67 500 companies 27 financial services 23 insurance 17 banking.\n kbw bank index cap-weighted 24 exchange-listed stocks banks regional institutions.\n state street corporation $ 100 159 172 148 178 227\n s&p 500 index 132 151\n s&p financial index 136\n kbw bank index"
}
{
    "_id": "dd4b9c16e",
    "title": "",
    "text": "consolidated financial statements unrealized gain derivatives years december 31 2010 2009 2008 $ 1 million $ 16 million $ 30 million.\n.\n covers all.\n employees.\n company makes matching contributions.\n-matching contributions established maximum 6% eligible compensation.\n contribution determined.\n company-matching contribution 100% 2008 first two months 2009.\n suspended march 2009 june 2010 cost savings global recession.\n 1 2010 reinstated 50% first 6%.\n.\n january 1 2011 match increased to 75% first.\n compensation cash contributions 2010 2009 2008 totaled $ 9 million $ 7 million $ 42 million.\n plan employee stock ownership plan.\n tax deductible dividends on shares were $ 24 million $ 28 million $ 29 million 2010 2009 2008.\n.\nearnings millions 2010 2009 2008.\n interest income $ 34 $ 28 $ 26\n royalty income 58 45 52\n net earnings equity affiliates\n gain sale assets 8 36 23\n 69 74 61\n $ 214 $ 178 $ 165\n.\n stock-based compensation stock options restricted stock units contingent shares shareholder return.\n grants ppg industries.\n plan.\n future grants 4. million december 31.\n stock-based compensation cost $ 52 million $ 34 million $ 33 million 2010 2009 2008.\n income tax benefit $ 18 million $ 12 million $ 12 million 2010 2009 2008.\n awards.\n.\n employees options purchase common stock fair market value.\n exercisable six 48 months maximum 10 years.\nstock option shares issued treasury.\n ppg stock plan restored option 2003 ownership mature shares stock market value.\n fair value options measured date grant expense service period.\n ppg estimates black-scholes option pricing model.\n risk-free interest rate.\n treasury yield curve maturity expected life option.\n life calculated average vesting term maximum term.\n vesting term changed three years 2004 historical data life.\n dividend yield volatility based historical stock prices dividend amounts.\n 2010 ppg annual report form 10-k"
}
{
    "_id": "dd4b9d6ea",
    "title": "",
    "text": "table presents net pension opeb cost years december 31 millions 2013 2012 2011 2010.\n. 2012 2011\n pension cost $ 111 $ 89 $ 78 $ 51\n opeb cost 15\n pension cost $ 111 million 2013 $ 89 million 2012.\n driven decrease discount rate 3. 78%. opeb expense $ 15 million 2013 $ 13 million 2012.\n increase driven decrease discount rate 3. 48%.\n forward-looking securities act 1933 exchange act 1934.\nforward-looking statements include ceo 2019s letter planned capital expenditures 201c2013 capital expenditures item 2 dividends item 5 201c2013 outlook 201cliquidity capital resources item 7 financial performance revenue growth cost savings goals targets objectives projections predictions business financial operational results future economic performance economic conditions operational service performance improvements effectiveness operations service expenditures infrastructure improvements equipment acquisitions strategic business acquisitions modifications transportation plans 2 capital new products services impact new regulatory activities legislation environmental remediation restoration tax matters claims litigation environmental costs commitments contingent liabilities labor negotiations results financial condition liquidity historical facts.\n-looking statements identified by-looking terminology 201cbelieves 201cexpects 201cshould 201cintends 201cplans similar.\n of future performance results not accurate indications.\n statements information subject to risks uncertainties performance results differ.\n reflect good faith consideration management of available information based on assumptions reasonable.\n information assumptions subject to variables unknown events management influence.\n risk factors in item 1a could affect future results cause differ from.\n update amend risk factors in form 10-q 8-k 10-k.\n all forward-looking statements qualified by read with risk factors.\n statements speak of date made.\n no obligation to update information to reflect actual results changes assumptions factors.\n"
}
{
    "_id": "dd4bc9ca4",
    "title": "",
    "text": "21.\n fourth quarter 2008 support investment accounts ssga purchase asset mortgage-backed securities cash infusion $ 450 million.\n ssga manages investment accounts retirement purchase redeem units constant net asset value volatility.\n arrangements third financial institutions shortfall units redeemed.\n terminate guarantee future investments.\n 2008 liquidity pricing issues affected market value securities third-party guarantors guarantees.\n $ 2. 49 billion asset mortgage-backed securities increased risk $ 450 million market value book value.\n no ongoing commitment support.\n securities investment consolidated statement.\n expenses years december 31.\n 2008 2007 2006\n customer indemnification obligation $ 200\n securities processing $ 79\n expenses $ 892 $ 478 $ 318\nseptember october 2008 lehman brothers holdings. affiliates filed bankruptcy.\n no indemnified customers repurchase agreements.\n value collateral declined.\n quarter indemnification obligation recorded reserve estimated net exposure.\n $ 200 million cost indemnification obligation collateral purchased fourth quarter 2008.\n commercial real estate loans recorded loans leases consolidated statement condition."
}
{
    "_id": "dd4c19290",
    "title": "",
    "text": "consolidated financial statements accounting policies value accreted over lease operating expense.\n company asset retirement obligations commitments return property original condition lease termination.\n table reconciles asset retirement liabilities 2006 2005 millions.\n liability september 25 2004 $ 8.\n obligations.\n accretion.\n liability september 24 2005 $ 11.\n.\n.\n liability september 30 2006 $ 14.\n long-lived assets reviews property plant equipment intangibles impairment.\n.\n reviewed impairment.\n recoverability measured carrying amount future undiscounted cash flows.\n carrying value fair market value.\n three fiscal years september 30 2006 no material impairment long-lived assets except impairment restructuring actions note 6.\n.\ngoodwill intangible assets not tested impairment annually.\n company performs goodwill impairment tests august 30.\n impairment charges 2006 2005 2004.\n established reporting units.\n testing goodwill impairment allocated.\n requires intangible assets definite amortized estimated lives reviewed impairment.\n.\n amortizing acquired intangible assets 3 to 10 years.\n translates assets liabilities.\n subsidiaries.\n dollars exchange rates.\n revenue expenses translated.\n gains losses translations credited charged foreign currency translation"
}
{
    "_id": "dd4b957d8",
    "title": "",
    "text": "access liquidity issuing bonds credit markets.\n december 31 2009 working capital surplus $ 1. 0 billion cash reserves economic conditions.\n december 31 2008 working capital deficit $ 100 million.\n lack liquidity.\n maintain resources access requirements sufficient financial capacity liabilities.\n cash flows 2009 2008.\n operating activities $ 3234 $ 4070\n investing -2175\n financing -458\n change cash $ 601 $ 371 $ 51\n lower net income 2009 reduction $ 184 million accounts receivable securitization program higher pension contributions $ 72 million changes working capital cash.\n higher income.\n accelerated tax deductions lower income tax payments.\n voluntary pension contributions $ 200 million $ 8 million increase 2007.\nhigher proceeds decrease cash 2009 2008.\n investments lower proceeds increase cash 2008 2007."
}
{
    "_id": "dd4975c1e",
    "title": "",
    "text": "entergy texas.\n subsidiaries financial utility transmission business retirement debt preferred securities.\n operations net income 2011 increased $ 14. million higher revenue higher taxes operation maintenance expenses depreciation amortization expenses.\n increased $ 2. million higher revenue lower interest expense.\n fuel expenses gas power expenses regulatory charges.\n analysis change net revenue 2011 2010.\n.\n 2010 net revenue $ 540.\n retail electric price.\n volume/weather.\n purchased power capacity.\n.\n 2011 revenue $ 577.\n retail electric price variance due rate actions annual base rate increase $ 59 million 2010 additional increase $ 9 million may 2011 settlement december 2009 rate case.\n.\n volume/weather variance increase 721 gwh. billed electricity usage favorable weather residential commercial sales.\nindustrial sector increased. 2%. chemicals refining.\n purchased power capacity price increases."
}
{
    "_id": "dd4bad3ce",
    "title": "",
    "text": "edwards lifesciences corporation financial statements.\n common stock maintains nonemployee directors stock incentive compensation program.\n receive annually 10000 stock options or 4000 restricted stock units common stock annual award exceed $ 0. 2 million.\n receive annual cash retainer stock options restricted stock units.\n granted 2011 vests three installments.\n after 2011 one year.\n initial election receives initial grant stock units fair market value $ 0. 2 million not 10000 shares.\n grants vest three years.\n 1. 4 million shares common stock authorized issuance.\n employee stock purchase plan international employees.\n employees purchase shares common stock 85% fair market value lifesciences common stock.\n employees withhold 12% compensation for common stock purchases.\n employees outside law.\nespp united states employees qualified section 423 internal revenue code.\n common stock 6. million shares.\n fair value option award employee stock purchase subscription estimated date grant black-scholes option valuation model.\n risk-free interest rate.\n treasury yield curve based expected term.\n volatility historical volatility 2019 volatility traded options.\n term awards vesting period historical exercise behavior.\n data forfeitures annual forfeiture rate 5. 1%.\n black-scholes option pricing model weighted-average assumptions options.\n risk-free interest rate.\n dividend yield\n volatility 31% 31 % 27% 27 %\n life.\n fair value per share $ 19. $."
}
{
    "_id": "dd4c0362a",
    "title": "",
    "text": "system energy resources.\n include generated funds cash debt issuances bank financing.\n refinance redeem retire debt prior maturity.\n debt common stock issuances require regulatory approval.\n subject tests bond.\n capacity capital needs.\n february 2012 issued $ 50 million. notes due february 2017.\n purchase additional nuclear fuel.\n short-term borrowing authorization ferc borrow through october 2013 $ 200 million.\n note 4 financial statements short borrowing limits.\n order ferc long-term securities issuances.\n extends through july 2013.\n receivables money pool december 31.\n 2011 2010 2009 2008\n 120424 97948 90507 42915\n.\n owns operates grand gulf.\n subject risks nuclear plant.\ninclude risks from radioactive materials regulatory changes limitations insurance nuclear technological financial uncertainties decommissioning nuclear plants sufficiency funds decommissioning trusts.\n early shutdown grand gulf system energy additional funds decommissioning.\n nuclear incident japan 2011 nrc established task force processes regulations nuclear facilities.\n issued report 2011 recommendations evaluated by nrc.\n issue orders requests to nuclear plant licensees first quarter 2012.\n orders may require.\n nuclear operators entergy plant modifications analyses increased costs capital."
}
{
    "_id": "dd4bd153a",
    "title": "",
    "text": "financial condition 2008 sales top five customers 45% net sales.\n backlog $ 2. 3 billion december 31 2008 $ 2. 6 billion 2007.\n digital video customers increased purchases products demand digital entertainment ip hd/dvr devices.\n february 2008 acquired assets digital cable set-top dahua digital technology. cable set-tops.\n acquisition position cable market.\n mobility solutions designs manufactures sells installs services analog digital two-way radios wireless lan security products voice data communications wireless broadband solutions government public safety agencies retail energy utilities transportation manufacturing healthcare commercial customers.\n 2009 net sales 32% ( 32 % consolidated net sales compared 27% 27 % 2008 21% 21 % 2007.\n.\nmillions years 2009 2008 2007\n segment net sales $ 7008 8093 7729 13 % 5%\n operating earnings 1057 1496 1213 29 23%\n results 20142009 net sales $ 7. 0 billion 13% 13 % $ 8. 1 billion 2008.\n 21% % decrease commercial enterprise 10% government public safety.\n regions.\n emea north america latin america higher asia.\n sales lower north america emea latin america higher asia earnings $ 1. 1 billion 2009 decrease 29% % $ 1. 5 billion 2008.\n gross margin 13% decrease unfavorable product mix.\n reorganization charges higher employee severance costs.\n offset decreased sg&a expenses r&d expenditures cost-reduction initiatives.\n gross margin decreased r&d expenditures sg&a expenses increased.\n sales north america 2019s business 58% 2009 57% 57 % 2008.\n regional shift 16% decline outside north america 12% 12 % decline.\n backlog $ 2. 4 billion december 2009 2008.\n emphasis mission-critical communication homeland security solutions.\n innovation mototrbo line apx fffd family.\n affected budgets demand large-scale mission critical communications systems.\n wins globe city statewide communications systems united states projects tetra systems middle east"
}
{
    "_id": "dd4c092e6",
    "title": "",
    "text": ".\n employee retirement plans 2013 equities fixed-income investments less liquid instruments public.\n value inadequate diversification operating risks.\n investments diversified classes.\n policies include manager oversight investment guidelines compliance audit reviews.\n company seeks input independent advisor investment policy.\n sponsors post-retirement benefit plans medical dental life insurance retirees dependents states age length service.\n unfunded post-retirement benefit obligation $ 13 million december 31 2010.\n contribute $ 30 million to $ 35 million qualified defined-benefit pension plans 2011.\n pay benefits $ 3 million $ 10 million unfunded foreign non-qualified domestic defined-benefit pension plans.\n benefits paid next five years pension plans millions qualified non-qualified.\n 38\n $\n.\n2019 equity 2007 board authorized repurchase 50 million shares stock.\n december 31 2010 repurchase 27 million shares.\n repurchased retired three million shares $ 45 million dilutive impact.\n repurchased retired two million 2009 nine million 2008 $ 11 million $ 160 million.\n cash dividends share. 30. 2010. 2009. 2008.\n decreased quarterly cash dividend $. 075. 235.\n financial statements 2014"
}
{
    "_id": "dd4ba3590",
    "title": "",
    "text": "item 5.\n market 2019s equity stockholder issuer purchases class common stock trades new york stock exchange symbol.\n february 8 2019 73 stockholders.\n beneficial owners greater record holders portion.\n no established public trading market stock.\n 287 holders non-voting february 8 2019 1. 1%. outstanding equity.\n stockholder return 2019s common stock s&p 500 financials index five-year period december 31 2018.\n $ 100 investment dividends.\n not publicly traded listed exchange.\n total returns stockholders december.\n 2013 2014 2015 2016 2017\n mastercard $ 100. $ 103. 73 $ 118. 05 126. $ 186. 37 $ 233.\n s&p 500 financials.\n s&p 500 index. 157."
}
{
    "_id": "dd4bc3bf6",
    "title": "",
    "text": "consolidated financial statements 2014 years 2007 2006 2005 purchase price cattle feeding business financed company divestiture not recognized assets liabilities results reflected financial statements 2004.\n september 24 2004 agreement swift foods control ownership $ 300 million assets feedlots live cattle.\n sold feedlots smithfield foods $ 70 million.\n gain $ 19 million net taxes $ 11. 6 million.\n retained live cattle inventory liquidated assets.\n assets liabilities results discontinued operations.\n 2007 divestiture nutritional supplement business $ 8. 2 million pre-tax gain $ 6. 2 million $ 3. 5 million after tax.\n gain discontinued operations.\n.\n comparative financial results.\n 2006 2005\n net sales $ 727. 4131.\nasset impairment charge. -240. 9. -59. 4.\n discontinued operations before taxes 92. 5 179. 7 157.\n gain disposal 64. 3 115. 5 26.\n 135. 54. 124.\n tax -54. 9. -109. 8. -41.\n discontinued operations tax $ 80. 8. 5 55. 82.\n tax rate discontinued operations higher statutory nondeductibility goodwill divested.\n third 2006 dispose refrigerated pizza business revenues less $ 70 million.\n second quarter 2007 disposed $ 22. million no gain loss.\n.\n liabilities balance sheets.\n second quarter 2007 disposal oat milling business $ 35. 8 million"
}
{
    "_id": "dd4bdb21a",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries management scenario analyses.\n conduct comprehensive capital analysis review dodd-frank act stress tests resolution recovery planning.\n capital management regulatory capital 2014.\n scenarios short long term macroeconomic firm- specific assumptions.\n longer-term balance sheet management strategy assets funding equity capital.\n maintaining funding liquidity capital stressed environment.\n consolidated statements financial condition.\n assets businesses non-gaap.\n management risks liquidity.\n balance sheet allocation.\n millions december 2015\n global core liquid assets 199120 182947\n cash 9180\n 208300\n secured client financing 221325\n inventory 208836 230667\n financing agreements 63495\n receivables 39976\n institutional client services 312307 352751\n public equity 3991\nequity 16985 17979\n 23216 24768\n loans 45407 28938\n 4646 3771\n investing lending 94245 79497\n inventory assets 406552 432248\n 25218 22201\n $ 861395 855842\n.\n $ 17. 29 billion $ 18. 24 billion 2015 2014 direct loans corporate private wealth clients fair value.\n.\n note 9 consolidated financial statements.\n liquid assets cash.\n liquidity cash outflows collateral.\n management.\n cash balances currencies jurisdictions.\n financing.\n collateralized financing margin loans securities resale agreements government obligations.\n segregate cash securities regulatory requirements.\n short-term fair value daily margin risk.\n.\n maintain inventory fixed income equity currency commodity products.\nenter resale securities borrowing arrangements cover.\n receivables services relate securities transactions.\n investing lending.\n make investments originate loans.\n longer- term.\n debt securities loans public private equity securities real estate.\n.\n less liquid non- financial property leasehold equipment goodwill intangible assets income tax-related receivables equity investments sale miscellaneous receivables.\n"
}
{
    "_id": "dd497ff02",
    "title": "",
    "text": "part ii item 5.\n market 2019s equity matters issuer purchases.\n 2019s common stock listed new york stock exchange.\n separation alcoa traded symbol 201caa. 201d november 1 2016 changed stock symbol. october 5 2016 shareholders approved 1-for-3 reverse stock split.\n three shares combined one value share.\n reduced 1. 3 billion to 0. 4 billion authorized shares 1. billion to 0. 6 billion.\n began trading reverse stock split-adjusted october 6  2016.\n two companies alcoa corporation.\n pro rata distribution 80. 1%. outstanding shares alcoa corporation shareholders.\n shareholders received one share alcoa stock three shares.\n retained 19. 9%. outstanding common stock alcoa separation.\ndisposition retained shares note c consolidated financial statements part ii item 8 form 10-k.\n table high low sales prices quarterly dividend amounts share common stock new york stock exchange adjusted reverse stock split october 6 2016.\n prices prior november 1 2016 reflect trading prices alcoa.\n separation november 1 2016 not comparable post-separation prices.\n 30. 69 18. 64.\n 28. 21 26.\n 26. 27\n separation november 1 2016 27. 22. 74.\n 30. 69 18. 34. 16 75.\n number holders common stock 12271 february 16 2018."
}
{
    "_id": "dd4c4fc1e",
    "title": "",
    "text": "april 19 2018 norwegian bliss.\n export financing 80% contract price.\n $ 850. million loan rate 3. 92%. maturity april 19 2030.\n interest payable semiannually.\n april 4 2018 redeemed $ 135. million $ 700. million. senior notes due 2021 100% paid premium $ 5. 1 million accrued interest $ 1. 9 million.\n write off $ 1. 2 million fees.\n $ 565. million.\n 2018 $ 270. million. amortization financing $ 6. million loss extinguishment.\n 2017 $ 267. million. amortization 23 million loss extinguishment.\n 2016 $ 276. million. amortization. million loss extinguishment.\n agreements liquidity limit debt-to-capital ratio dividends.\n ships property equipment pledged collateral debt.\ncompliance covenants 31 2018.\n scheduled repayments long-term debt capital lease obligations five years.\n 2019 681218\n 2020 682556\n 2021 2549621\n 2022 494186\n 2023\n 1767383\n 6609866\n accrued interest liability $ 37. 2 million $ 31. 9 million december 2018 2017.\n.\n genting hk apollo repurchased 1683168 shares $ 85. million.\n repurchased 4722312 $ 263. million.\n 2012 option purchase norwegian sky.\n paid $ 259. 3 million genting december 31 2016 no further payments due."
}
{
    "_id": "dd4bf01f6",
    "title": "",
    "text": "purpose entity 201cspe 201d ).\n obtained term loan revolving loan from third party lender secured liens assets finance purchase accounts receivable $ 275 million term loan $ 25 million revolving loan.\n increased $ 35 million.\n quintilesims guaranteed obligations future subsidiaries receivable.\n assets spe available satisfy.\n december 31 2016 full $ 25 million revolving loan available.\n used proceeds repay revolving credit facility $ 150 million repay $ 25 million term loan pay fees expenses remainder working capital.\n debt agreements not exceed senior secured net indebtedness to ebitda maintain minimum interest coverage ratio.\n default company financing arrangements creditors actions acceleration amounts due.\n long-term debt arrangements contain restrictive covenants dividends.\ninformation covenants part ii item 5 201cmarket common equity stockholder matters issuer purchases equity securities 2014dividend policy 201d note 11 financial statements annual report form 10-k.\n december 31 2016 company financial covenants financing arrangements.\n 2016 2015 2014 cash flow activities.\n net cash activities $ $ 476 $ 433\n increased $ 384 million.\n net income adjusted non-cash items.\n lower payments income taxes $ 15 million lower cash sales accounts payable accrued expenses.\n lower cash two-day increase 2016-day 2015.\n timing cash receipts."
}
{
    "_id": "dd4c1846c",
    "title": "",
    "text": "consolidated financial statements.\n income taxes federal tax return 2006 irs.\n 2008 invited compliance assurance process voluntary program large corporations.\n conducts real-time audit issues tax return.\n.\n tax uncertainties.\n subsidiaries file tax returns foreign jurisdictions.\n examination taxing authorities adopted provisions.\n uncertainty taxes january 1 2007.\n.\n recognized decrease earnings january 1 2007 $ 37 million.\n unrecognized tax benefits $ 70 million.\n 1 $ 51 million tax positions tax rate.\n reconciliation unrecognized tax benefits.\n balance january 1 2007 $\n additions tax positions\n additions prior years 3\n reductions\n settlements\n expiration statute limitations\n balance december 31 2007 $\ncompany anticipates payments $ 2 million due state income tax examinations 12 months.\n state foreign tax returns unrecognized tax benefits decrease $ 7 million.\n december 31 2007 $ 42 million tax benefits effective rate.\n recognizes interest unrecognized tax benefits tax refund claims.\n recognizes penalties.\n recorded charges $ 4 million interest expense $ 2 million penalties.\n provision.\n federal income tax liabilities undistributed earnings subsidiaries.\n provided deferred taxes $ 126 million $ 361 million undistributed earnings domestic affiliate.\n determination deferred tax liability practicable.\n non distribution $ 850 million diamond offshore foreign subsidiary.\n recognized $ 59 million.\n tax expense.\n reinvest future earnings foreign activities.\nincome tax expense 2007 2006 2005 $ 1601 million 1557 million 639 million.\n income tax rate 35% minority interest."
}
{
    "_id": "dd4c5e048",
    "title": "",
    "text": "purchase obligations capital projects pulpwood logs wood chips raw materials energy services fiber supply agree 2006 transformation plan sales.\n december 31 future commitments leases purchase obligations millions.\n lease obligations $ 144  $ 117 $ 94 $ 74 $ 60 $ 110\n purchase obligations 2329  462  362  352 323 1794\n $ 2473  $ 579 $ 456 $ 426 $ 383 $ 1904\n $ 76 million lease obligations 2007 23.\n $ 1. 3 billion purchase obliga tions 2007 2013 $ 335 million 2008 199 157 331.\n $ 2. billion fiber supply agreements transformation plan sales.\n rent expense $ 217 million $ 216 million $ 225 million 2006 2005 2004.\ninternational paper agreement 2000 guarantee fee unsecured credit agreement financial institution third-party customer.\n fourth quarter 2006 customer cancelled paid fee $ 11 million included cost products consolidated statement.\n company no future obligations.\n sales businesses property equipment forestlands assets paper makes representations warranties indemnify buyers tax environmental liabilities breaches repre sentations warranties.\n liabilities probable liabilities recorded sale cost transaction.\n packaging purchase price subject post-closing adjust earnings first six months 2007 less targeted.\n adjustment five times shortfall.\n management adjustment future unrecorded liabilities consolidated financial statements.\n exterior siding roofing settlements class action lawsuits masonite. settled 1998 1999.\n sold premdor.\n 2001.\nliability settlements insurance recoveries retained company.\n first suit.\n filed december 1994 settled january 15 1998 hardboard.\n plaintiffs alleged hardboard siding failed moisture intrusion damage.\n class.\n property owners masonite hardboard siding 1980 1998.\n deadline expired 18 2005 1990 1998 claims by january 15 2008.\n second suit.\n.\n masonite. filed 1997 settled january 6 1999 omniwood settlement.\n plaintiffs"
}
{
    "_id": "dd4971510",
    "title": "",
    "text": ".\n common equity issuer purchases securities graph compares annual return common stock 500 stock index peer group five years december 31 2015.\n value investment common stock s&p 500 index peer group $ 100 december 31 2010 dividends reinvested.\n 2011 2012 2013 2014 2015\n loews common stock. 106\n s&p 500 index. 180.\n loews peer group.\n competitors ace.\n berkley chubb energy transfer partners. ensco hartford financial services group. kinder morgan energy partners.\n. noble spectra energy transocean.\n travelers companies.\n paid quarterly dividends loews common stock since 1967.\n dividends $ 0. 0625 per share paid 2015 2014."
}
{
    "_id": "dd4bca942",
    "title": "",
    "text": "2010 granted. million rsus. employee.\n footnote.\n-based compensation financial statements.\n new accounting standards.\n accounting policies accounting standards adoption standards.\n liquidity capital resources cash requirements credit facilities facility expires may 14 2012 letters credit $ 2. 4 billion borrowings.\n interest london interbank rate libor fixed spread credit ratings.\n pay quarterly fees public debt rating.\n institutions exhibit 10 restated credit agreement report form 8-k 16 2007.\n credit facility 2012 extend replace 2011.\n covenants maximum leverage debt ebitda not 4 to 1.\n public debt financial covenant financial ratios.\n satisfy covenants credit facility debt leverage covenant restrict borrowing guarantee levels.\ncredit facility cash capital liquidity growth debt service cash requirements.\n year-end 2010 borrowing capacity $ 2. 831 billion $ 2. 326 billion cash balance $ 505 million.\n $ 2. 404 billion bank commitments $ 78 million letters credit.\n repaid outstanding borrowings no outstanding balance year-end.\n anticipate capacity adequate liquidity needs.\n undrawn bank commitments available business conditions deteriorate.\n cash depreciation amortization expense last three fiscal years 2009.\n ratio assets to liabilities 1. 4 to 1. 0-end 2010. 2 to 1. year 2009.\n minimize working capital cash management strict credit-granting policies collection efforts.\n significant borrowing capacity additional."
}
{
    "_id": "dd4c25cf2",
    "title": "",
    "text": "net revenues increased $ 207. 5 million 24. 2%. $ 1063. 9 million $ 856. 4 million 2009.\n revenues product category summarized.\n apparel $ 853493 $ 201714. 9%.\n footwear 127175 136224.\n accessories 43882.\n sales 1024550.\n license revenues.\n 1063927.\n sales increased $ 201. 5 million. $ 1024. 6 million 2010 from $ 823. 1 million 2009.\n increase $ 88. 9 million. increase direct consumer sales 19 additional stores 2010 growth increased distribution new offerings product training golf underwear offset $ 9. million decrease footwear sales.\n license revenues increased $ 6. 1 million. to $ 39. 4 million 2010 from $.million 2009.\n license revenues increased sales distribution volume growth.\n developed headwear bags 2011 products sold us.\n gross profit increased $ 120. 4 million to $ 530. 5 million 2010 $ 410. 1 million 2009.\n increased 200 points 49. 9%. 2010.\n 100 point increase sales decreased sales markdowns returns improved sell-through rates liquidation sales inventory reserve reversals.\n footwear sport apparel gloves.\n difficult liquidate.\n administrative expenses increased $ 93. 3 million to $ 418. 2 million 2010 324. million 2009.\n. 3%.\n marketing costs increased $ 19. 3 million to $ 128. 2 million 2010 108. 9 million 2009 sponsorship television digital costs personnel costs.\n increased expenses performance incentive plan.\n marketing costs decreased. 2010.7 % 2009 costs."
}
{
    "_id": "dd4c0119a",
    "title": "",
    "text": "five-year return citi 2019s common stock 201cc 201d held 81805 stockholders january 31 2016 s&p 500 index financial index five december 31 2015.\n $ 100 invested december 31 2010 citi 2019s common stock s&p 500 index index dividends reinvested.\n five-year return s&p 500 financials.\n 100.\n 55. 102. 82\n 83. 118. 106.\n 110. 156 144\n 114. 178. 166.\n 110. 180."
}
{
    "_id": "dd4b87d18",
    "title": "",
    "text": "jpmorgan chase. annual report five-year stock performance compare five-year return.\n return s&p 500 index kbw bank index financial index.\n s&p 500 index. equity benchmark companies economic sectors.\n kbw bank index performance banks thrifts publicly traded.\n national regional banks.\n s&p financial index financial companies components s&p 500.\n industry indices.\n investments $ 100 december 31 jpmorgan chase common stock.\n dividends reinvested.\n.\n jpmorgan chase 100. 136. 186. 204. 221. 298.\n kbw bank index. 133. 183. 200. 201 258.\n s&p financial index. 128. 174. 197 242\n s&p 500 index. 115. 153. 174. 176 198\n31 dollars"
}
{
    "_id": "dd4c5a9f2",
    "title": "",
    "text": "annual goodwill impairment test first to second quarter.\n with long-range planning forecasting.\n change preferable delay avoid impairment charge.\n company assessment goodwill non-amortizable assets impairment quantitative assessment annual impairment analysis.\n fair value unit to carrying value.\n exceeds impaired.\n discounted cash flow model market approach earnings multiples companies tobacco industry.\n december 31  2017 carrying value goodwill $ 7. 7 billion related to ten reporting units.\n estimated fair value exceeded carrying value.\n value non-amortizable assets discounted cash flow model relief-from-royalty method.\n carrying value.\n models include management assumptions forecasting operating cash flows subject to changes.\nmanagement considers historical experience information fair values estimated assumptions consistent with hypothetical marketplace participant.\n since march 28 2008 spin-off altria group. not recorded charge earnings for impairment goodwill non-amortizable intangible assets.\n marketing advertising costs incur costs products promotions.\n expensed.\n.\n uncertainties estimating performance compliance.\n volume-based incentives management assesses estimates likelihood achieving targets records reduction revenue.\n promotions relies on estimated utilization rates historical experience.\n changes in assumptions change financial position operations cash flows.\n employee benefit plans.\n pensions postretirement health care postemployment benefits severance.\n record annual amounts plans calculations.\n.\n include actuarial assumptions discount compensation turnover.\n review assumptions trends.\n.\nmodifications amortized future periods.\n assumptions obligations experience.\n-average discount rate assumptions pensions postretirement plans.\n pension plans. 51%. 51 %. 52 %\n postretirement plans. 79%. 79. 68%. %\n changes decrease 2018 pre-tax pension postretirement expense $ 164 million $ 199 million 2017 excluding.\n higher return $ 21 million lower amortization $ 12 million unrecognized actuarial gains/losses $ 10 million offset $ 8 million.\n return discount expense.\n fifty-point decrease discount 2018 pension postretirement expense $ 38 million $ 54 million.\n fifty-basis-point return 2018 pension expense $ 45 million.\n.\n."
}
{
    "_id": "dd4c3e8c4",
    "title": "",
    "text": "guaranteed company guarantees joint venture partners guarantee table.\n non-recourse mortgage debt recourse borrower defaults limited value property collateralized.\n against other assets except exceptions loan documents footnote 7 financial statements.\n investments include joint ventures ownership interest properties total recourse mortgage encumbered properties average interest.\n ownership non recourse mortgage average interest rate average term\n 15. 0%. 0 % 10573 $ 920. 5. 53%. 53 % 23.\n 50. 0%. 0 % 9307 $ 642. 4. 29%. 29 %.\n 48. 6%. 6 % 11519 $ 866. 5. 04%. 04 % 61.\n 50. 1%. 1 % $ 144. 5. 52%. 52 % 22.\nkimstone 33. 3%. 39 5595 $ 704. 45%. %\n 55. 0%. % 2425 $ 112. 1 5. 05%.\n joint ventures prudential real estate investors.\n real estate investment trust.\n institutional investors.\n big shopping centers israeli public company.\n ventures blackstone.\n canadian pension plan investment board.\n february 2 2015 purchased remaining 66. 7%. interest 39-property kimstone portfolio purchase price $ 1. 4 billion $ 638. 0 million mortgage debt.\n unconsolidated real estate joint ventures varying structures.\n non-recourse mortgage loans $ 1. 2 billion.\n debt $ 4. 6 billion share $ 1. 8 billion.\n loans maturities one month to 19 years interest rates 1. 92%.92 %. 39%.\n $ 525. 7 million loan 2015 share $ 206. million.\n loans repaid cash debt refinancing capital contributions footnote 7."
}
{
    "_id": "dd4ba9f94",
    "title": "",
    "text": "westrock company financial statements 2014 earnings foreign subsidiaries subject repatriation provide taxes.\n unremitted earnings differences foreign subsidiaries indefinitely reinvested.\n taxes.\n september 30 2019 estimate outside basis difference subsidiaries approximately $ 1. 6 billion.\n purchase accounting adjustments undistributed earnings equity components.\n taxes due reversal differences.\n distribution dividends dispositions subject incremental.\n income taxes adjustment foreign tax credits withholding taxes jurisdictions.\n september 30 2019 determination unrecognized deferred tax liability undistributed foreign earnings not practicable.\n reconciliation unrecognized tax benefits.\n balance beginning fiscal year $ 127. $ 148. 166.\n additions purchase accounting.\n additions tax positions current year.\n prior fiscal years.\n reductions tax positions prior fiscal years 0. 5 5. 3 25. 6\n settlement 4. 29. 4 14. 1\n currency translation adjustments -1. 7. 7 6. 2.\n reductions statute 3. 2 2. 0 8. 1\n end fiscal year $ 224. 3 $ 127. 1 $ 148.\n 2019 acquisition.\n 2018 2017 acquisition.\n tax positions year foreign subsidiaries.\n 2019 state foreign audit examinations.\n 2018.\n 2017.\n 2018 unrecognized tax benefits $ 224. 3 million $ 127. 1 million interest penalties.\n unrecognized tax benefits $ 207. 5 million $ 108. 7 million effective tax rate.\n liabilities changing facts circumstances tax rate.\nuncertain tax positions cash flows benefit.\n.\n commitments contingencies 2014 tax liability estimated interest penalties unrecognized tax benefits.\n september 30 2019 liabilities $ 80. million.\n 2018 liabilities $ 70. 4 million.\n results 2019 2017 expense $ 9. 7 million $ 5. 8 million $ 7. 4 million indirect benefits.\n tax benefits decrease $ 8. 7 million next twelve months expiration limitations settlement issues."
}
{
    "_id": "dd4bd1c42",
    "title": "",
    "text": "united parcel service.\n subsidiaries financial statements 2014 table summarizes unrecognized tax benefits.\n balance january 1 2007 $ 373\n additions 13\n additions prior 34\n reductions\n changes settlements\n lapses statute limitations\n balance december 31 2007 $ 355\n unrecognized tax benefits tax rate $ 134 million.\n tax benefits $ million claims prior years.\n net receivable prior year income tax matters.\n penalties.\n accrued penalties $ 5 million interest $ 36 million 2007.\n recognized liability penalties $ 6 million interest $ 75 million.\n receivable interest $ 116 million tax benefits refund claims.\n.\n.\n.\n.\n resolved.\n federal income tax matters 1999.\nthird quarter 2007 stipulation dismiss case justice withdrawing refund claim 1994 subsidiary france.\n write-off tax balances $ 37 million increase income tax expense.\n offset favorable developments.\n federal.\n state non.\n contingency matters.\n february 2008 irs completed audit tax years 1999 2002 limited issues appeals office 2009.\n 2003 2004.\n 2009.\n no subject.\n state local non.\n income tax examinations 1999.\n matters litigation.\n years elapse tax position.\n difficult predict outcome.\n unrecognized tax benefits increase decrease twelve months.\n timing interest deductions deductibility acquisition costs filing requirements allocation income expense jurisdictions foreign subsidiary consolidated return.\n changes settlement litigation examinations expiration statute limitations unforeseen circumstances.\n estimate change"
}
{
    "_id": "dd4c33230",
    "title": "",
    "text": "five-year performance comparison 2013 graph shareholder returns corporation compared peer group index dj trans s&p 500.\n assumes $ 100 invested common stock union pacific corporation december 31 2007 dividends reinvested.\n purchases equity securities 2013 repurchased 13804709 shares common stock average price $ 115. 33.\n table common stock repurchases fourth quarter 2012 shares purchased average price paid share plan maximum.\n oct. 1. 31 1068414. 1028300 16041399\n. 659631.\n. 31 411683. 15035949\n 2139728. 2033750\n shares purchased quarter 105978 shares delivered employees pay stock option prices excess tax withholding obligations.\n1 2011 board authorized repurchase 40 million shares common stock march 31 2014.\n open market.\n management timing."
}
{
    "_id": "dd4bc0bea",
    "title": "",
    "text": "increased $ 64 million. $ 710 million 2013 $ 646 million 2012 due special charges $ 92 million post-petition interest unsecured obligations penalty interest 10. 5%. secured notes 7. 50%. senior secured notes.\n nonoperating expense $ 84 million 2013 foreign currency losses $ 55 million debt extinguishment charges $ 48 million.\n income 2012 $ 280 million special credit commercial dispute foreign currency losses.\n reorganization items revenues expenses gains losses provisions.\n reorganization items 2012 millions.\n pension postretirement benefits\n labor-related\n financing renegotiations rejections\n value conversion discount\n professional fees\n reorganization items $ $ 2179\n contributions reorganization reductions pay benefits deemed claim equity reorganized entity.\nemployee group received claim cost savings reductions pay benefits work rule changes.\n total value approximately $ 1. 7 billion.\n estimated modification financings aircraft entry orders unsecured facility agreements special revenue bonds.\n debtors recorded estimated claim rejection motion filed claim.\n note 2 american 2019s consolidated financial statements.\n debtors agreed allow post-petition unsecured claims obligations.\n 31 2013 recorded reorganization charges claim amounts rejected special facility revenue bonds $ 180 million allowed unsecured claims 1990 1994 special facility revenue bonds improvements jfk.\n plan allowed unsecured creditors conversion discount 3. 5%.\n recorded fair value discount confirmation."
}
{
    "_id": "dd4bfefa8",
    "title": "",
    "text": "31 2006 company leased office laboratory connecticut san diego four foreign facilities japan singapore china netherlands leases june 2011.\n leases renewal options one to five years.\n annual payments.\n 2007 5320\n 2008 5335\n 2009 5075\n 2010 4659\n 2011 4712\n 2012 12798\n rent expense deferred gain sale $ 4723041 4737218 $ 1794234 31 2006 2005.\n.\n 2006 46857512 shares 4814744 shares sold employees consultants restricted stock agreements.\n five years.\n unvested shares repurchase original price.\n 36000 shares repurchase.\n issued 12000 shares restricted stock award employee 2005 stock incentive plan performance.\n vest monthly three-year.\n stockholders approved.\n issuance options ceased.\n2005 stock plan 11542358 shares 2019s common stock reserved available.\n automatic annual increase shares reserved issuance 5% last day preceding fiscal year determined board directors.\n illumina.\n financial statements 2014"
}
{
    "_id": "dd4bbf4ac",
    "title": "",
    "text": "management financial condition results consistent basel committee lcr.\n includes stringent requirements accelerated time line high-quality liquid assets outflow assumptions.\n proposed rules impact develop strategies compliance.\n principles lcr consistent liquidity management framework rule deposit liquidity funding business activities investment securities portfolio contingent credit.\n 2014 basel committee revised proposal net stable funding one-year liquidity standard implementation 2018.\n changes operationally linked deposits reduction funding securities.\n evaluating.\n implementation strategies.\n.\n banking regulators proposal nsfr.\n contractual cash obligations long-term contractual cash obligations due as december 31 2013.\n recorded consolidated statement condition operating leases interest long-term debt capital leases.\n.\ndecember 31 2013 millions payments less than 1year 1-3years 4-5years 5years\n long-term debt $ 10630 $ 1015 $ 2979 2260 4376\n operating leases 923  208 286 209 220\n capital lease obligations 1051 99 185 169 598\n cash obligations $ 12604 $ 1322 $ 3450 $ 2638 $ 5194\n long-term debt excludes capital lease obligations interest-rate swaps.\n payments exception floating-rate debt indexed rate december 31 2013.\n obligations settled cash less than one year deposits federal funds securities repurchase short-term borrowings.\n notes 8 9.\n obligations derivative instruments settlement.\n note 16.\nobligations under pension post plans note 19 financial statements 8 not table.\n information cash obligations long-term debt capital leases notes 10 20.\n consolidated statement cash flows liquidity information.\n table commitments duration as december 31 2013.\n not recorded consolidated statement condition."
}
{
    "_id": "dd4c5bdf2",
    "title": "",
    "text": ".\n december 31 2016 cash equivalents $ 683 million debt $ 10478 million current capitalized debt.\n $ 470 million foreign entities subject.\n income taxation repatriation.\n majority deposits-in-transit daily settlement activity.\n flows twelve months operating cash capital expenditures debt service.\n quarterly dividends.\n board investment opportunities results financial condition cash requirements future prospects.\n dividends limited debt agreements.\n regular quarterly dividend $ 0. 29 per common share payable march 31  2017.\n cash flows $ 1925 million $ 1131 million $ 1165 million 2016 2015 2014.\n net cash net earnings.\n increased $ 794 million 2016 decreased $ 34 million 2015.\n increase increased net earnings.\n2015 decrease cash due to $ 88 million sale check warranty contracts gaming industry lower net earnings offset by changes working capital.\n expenditures investing principal capital expenditures computer software property equipment.\n invested $ 616 million $ 415 million $ 372 million 2016 2015 2014.\n expect invest 6%-7% 2017 revenue.\n used $ 0 million $ 1720 million $ 595 million cash 2016 for acquisitions equity investments.\n note 3.\n cash sale 2015 warranty contracts gaming industry 15.\n.\n debt interest lease data processing maintenance.\n 10.\n table summarizes contractual obligations commitments as december 31 , 2016 millions.\n less 1 year 1-3 years 3-5 years 5 years\ndebt 10591 1573 2536 6150\n 2829 381 706 595 1147\n leases 401\n data processing maintenance 557 242 258\n obligations\n $ 14429 1068 2712 3264 7385"
}
{
    "_id": "dd4bf6f9c",
    "title": "",
    "text": "stock performance graph shareholder return $ 100 31 2012 reinvestment dividends 2019s common stock s&p 500 retail index.\n 2012 2013 2014 2015 2016 2017\n 2019reilly automotive inc. $ 100 $ 144  $ 215 $ 283 $ 311 $ 269\n s&p 500 retail index 144 158 197 206 265\n 500 $ 100 130 157"
}
{
    "_id": "dd4c1b19e",
    "title": "",
    "text": "alexion pharmaceuticals.\n financial statements 2014 years december 31 2007 2006 december 31 2005 july 31 2005 amounts thousands share 2006 completed final phase trial pexelizumab.\n pursue development.\n march 30 2007 collaboration agreement.\n terminated march 2007 remaining $ 10000 non license fee $ 5343  recognized revenue year december 31 2007 contract research revenues.\n.\n research institutions universities contractors collaborators government agencies technologies services.\n agreements initial fee annual royalty payments.\n future payments milestones.\n minimum royalty payments sales products.\n clinical manufacturing development agreements trials.\n contract site services patient enrolment.\n scale-up.\n executed large-scale product supply agreement lonza sales long-term commercial manufacture soliris.\nmaintain rights provide minimum funding support.\n terminate.\n recognize expense obligation.\n minimum payments december 31 2007 next five years license agreements clinical manufacturing development agreements.\n 2008 $ 707 2860\n 2009 552 3750\n 2010 322 7500\n 2011 300 7500\n 2012"
}
{
    "_id": "dd4c5baf0",
    "title": "",
    "text": "asset pool 28% citi holdings december 31 2009 portfolio securities loans assets reduce sales portfolio run-off.\n december 31 had $ 154 billion assets.\n declined $ 197 billion 56% from 2007.\n reduced $ 87 billion year-ago.\n 60% assets accounted accrual income volatility.\n.\n.\n.\n.\n net interest revenue $ 3173 $ 3332 2723 22%\n non-interest revenue -6855 ( -42906 -20619\n interest expense $ -3682 ( 3682 $ -39574 $ -17896 91% %\n total operating expenses $ 896  $ 988  $ 1070\n net credit losses $ 5420  $ 909  $ 436\n unfunded lending commitments -172\ncredit reserve -483 2844 378\n provisions credit losses benefits claims $ 5048 $ 3581 $ 885 41%\n loss operations before taxes $ -9626 -44143 -19851 78%\n income taxes -4323 -7740\n loss operations $ -5303 -26994 -12111 80%\n income loss noncontrolling interests -17 -205\n -5286 -26789 -12260 80% %\n assets $ 154 $ 241 $ 351\n 2009.\n interest expense increased $ 35. billion 2009 negative revenue marks.\n marks $ 1. 9 billion 2009 38. billion 2008.\n positive $ 1. billion derivative positions $. billion subprime exposures.\n offset negative $ 1. 5 billion alt-a mortgages.write-downs commercial real estate negative. billion monoline insurers liabilities.\n private equity write-downs finance.\n operating expenses decreased 9% lower compensation transaction expenses.\n government loss-sharing agreement.\n provisions credit losses benefits claims increased. billion. credit losses reserve $. billion.\n assets declined 36% driven amortization prepayments sales marks charge-offs.\n sales 800 million pretax gains.\n.\n interest expense decreased. billion negative revenue.\n. write- downs subprime negative. billion monoline insurers positions.\n write-downs finance-downs investment real estate auction securities.\n negative marks $. billion 2008. 2007.\n operating expenses decreased 8% compensation transaction expenses.\n provisions credit losses benefits claims increased. billion.billion reserve credit losses. billion.\n assets 31% amortization prepayments sales marks charge-offs."
}
{
    "_id": "dd4bac14a",
    "title": "",
    "text": "consolidated financial statements guidelines tax position.\n $ 1. 5 million increase unrecognized income tax benefits $ 1. million reduction 2007 retained earnings $. million additional paid capital.\n liabilities unrecognized income tax benefits $ 3. 8 million accrued interest penalties $. million.\n reconciliation tax benefits.\n balance june 1 2007 $ 3760\n additions 93\n 50\n reductions\n settlements\n balance may 31 2008 $ 3713\n unrecognized tax benefits tax rate $ 3. 7 million.\n accrued interest.\n 2008 recorded $. 3 million accrued interest penalty expense.\n anticipate decrease $ 1. million foreign operations 12 months expiration statute limitations.\n file income tax returns united states federal foreign.\nsubject authorities including united states canada.\n no longer income tax 31 2003.\n under audit internal revenue service united states 2004 to 2005 tax years.\n fiscal 2009.\n 2007 board approved share repurchase program purchase $ 100 million global payments 2019 stock opportunities.\n repurchased 2. 3 million shares common stock fiscal 2008 $ 87. 0 million average $ 37. 85 per share.\n may $ 13. million remaining repurchase authorization.\n no repurchased 2007.\n four employee compensation plans.\n expense recognized straight-line.\n amortized.\n no share compensation capitalized fiscal 2008 2007 2006."
}
{
    "_id": "dd4baf2fa",
    "title": "",
    "text": "system energy resources.\n financial bank letters.\n 2004 amended expire may 2009.\n refinance redeem debt maturity.\n debt common stock issuances require regulatory approval.\n subject tests bond agreements.\n capacity capital needs.\n short-term borrowing authorization ferc borrow march 31 2010 $ 200 million.\n note 4 financial statements short-term borrowing limits.\n order ferc long-term securities issuances.\n authorization extends through june 2009.\n receivables money pool december 31.\n 2008 2007 2006 2005\n may 2007. million receivable replaced receivable entergy new orleans.\n note 4 financial statements.\n owns operates grand gulf.\n risks nuclear plant.\ninclude risks disposal radioactive materials regulatory changes limitations insurance nuclear operations technological financial uncertainties decommissioning nuclear plants sufficiency funds decommissioning trusts.\n early shutdown grand gulf system energy additional funds decommissioning.\n environmental risks energy facilities operations authorities air water quality control substances hazardous wastes.\n management believes environmental regulations.\n change future compliance costs.\n accounting estimates financial statements accounting policies estimates judgments"
}
{
    "_id": "dd4b885a6",
    "title": "",
    "text": "return graph compares state street common stock s&p 500 s&p financial index kbw bank index five- year.\n investment $ 100 state street common stock index december 31 2008 reinvestment stock dividends.\n s&p financial index 81 companies 17 financial services 22 insurance 19 real estate 23 banking.\n kbw bank index banks publicly traded. 24 banks thrifts.\n state street corporation $ 100 111 118 105 125\n s&p 500 index 126 146 172\n s&p financial index 117\n kbw bank index 121"
}
{
    "_id": "dd4c32894",
    "title": "",
    "text": ".\n locomotives freight cars.\n december 2009 2008 $ 2754 million $ 927 million depreciation $ 2024 million $ 869 million depreciation capital leases.\n charge income depreciation depreciation expense.\n future lease payments leases 2009 leases capital leases.\n 2010 576\n 2011\n 2012\n 2013\n 2014\n lease payments $ 5312 $ 2975\n interest\n payments\n majority capital lease payments locomotives.\n rent expense leases one month $ 686 million 2009 $ 747 million 2008 $ 810 million 2007.\n variable rental expense term.\n contingent rentals sub-rentals.\n.\n contingencies lawsuits pending against subsidiaries.\ndetermine effect claims on results operations financial liquidity probable estimated recorded liability.\n expect lawsuits claims environmental costs commitments contingent liabilities guarantees results financial liquidity insurance recoveries.\n cost charged expense cost incidents.\n third-party actuaries expense liability.\n federal employers 2019 liability act governs compensation work-related accidents.\n damages assessed fault out-of-court settlements.\n offer services rehabilitation programs for employees injured"
}
{
    "_id": "dd4b8a5c2",
    "title": "",
    "text": "table details growth global average berths north american european cruise guests five years weighted-average supply berths royal caribbean cruises.\n north american european.\n weighted-averagesupply. north\n 2009 363000 84050 17340000 10198000 5000000\n 2010 391000 18800000 10781000 5540000\n 2011 412000 92650 20227000 11625000\n 2012 425000 20898000 11640000 6139000\n 2013 432000 98750 21300000 11816000 6399000\n estimates cruise guests weighted-average supply berths based data association.\n statistical analysis.\n cruise line international association nights 2009 2012.\n 2013 estimates.\n united states america canada.\n clia europe european cruise council 2009 2012.\n2013 estimates.\n majority cruise guests 56% 56 % global cruise guests 2013.\n compound annual growth rate 3. 2%. 2009 to 2013.\n europe 30% global guests 2013.\n annual growth rate 6. 0%. 2009 to 2013.\n asia/pacific region higher growth rate small sector.\n asia/pacific region 4. 5%. global cruise guests 2013.\n compound annual growth rate 15% 15 % 2011 to 2013.\n cruise lines.\n carnival corporation plc costa cunard holland america iberocruceros disney msc norwegian oceania.\n compete vacation alternatives hotels sightseeing destinations.\n demand influenced political economic conditions.\n consumer spending.\noperating strategies protect environment serve global guest base grow business enhance revenues brands expenditures ensure cash liquid ity maximizing return invested capital shareholder value maintenance ships transfer innovations brand fleet new cruise ships deploying markets itineraries optimize returns focus markets customer preferences expectations profitability"
}
{
    "_id": "dd4c4b376",
    "title": "",
    "text": "2012 2011 2010\n real $ 40. 42.\n euro 27. 26. 18\n pound sterling. 17.\n rupee.\n $ 90. 62.\n impact earnings 10% change.\n revenue $ 100. 8 million income $ 9. million unfavorable foreign currency impact 2012 stronger.\n dollar.\n foreign exchange risk management policy derivative instruments forward contracts options reduce volatility rate fluctuations.\n international operations revenues expenses local currency limits exposure risk.\n instruments.\n entered contracts hedge intercompany loans.\n $ 115. 6 million fair value.\n hedge risks not accounting."
}
{
    "_id": "dd4b9beda",
    "title": "",
    "text": ".\n locomotives freight cars.\n consolidated statements december 2016 2015 $ 1997 million $ 1121 million depreciation $ 2273 million $ 1189 million depreciation capital leases.\n charge income depreciation depreciation expense.\n future lease payments 31 2016.\n 461 221\n 2018\n 2019\n 2021\n lease payments $ 3043 $ 1355\n interest\n 1105\n 96% 96 % capital lease payments locomotives.\n rent expense leases one month $ 535 million 2016 $ million 2015 $ 593 million 2014.\n variable rental expense term.\n contingent rentals sub-rentals not significant.\n.\n lawsuits pending against subsidiaries.\ndetermine effect claims on operations financial liquidity.\n recorded liability probable estimated.\n lawsuits claims environmental costs commitments contingent liabilities guarantees financial liquidity insurance recoveries.\n cost cost.\n actuarial analysis expense liability.\n federal employers 2019 liability act compensation work-related accidents.\n damages assessed fault out-court settlements.\n offer services rehabilitation programs for employees injured work.\n personal injury liability not discounted uncertainty timing future payments.\n 94% recorded liability related asserted 6% 6 % unasserted claims 31.\n uncertainty future costs range $ 290 million to $ 317 million.\n record low end range loss probable.\n estimates vary litigation."
}
{
    "_id": "dd4ba3c48",
    "title": "",
    "text": "tower corporation subsidiaries financial statements 2014 table effect net loss per share fair value provisions.\n stock-based compensation.\n estimated fair value option calculated black-scholes option-pricing model.\n loss $ -1141879 ( $ -450094 $ -194628\n stock-based employee compensation expense fair value -38126 ( -50540 -51186\n $ -1180005 ( $ -500634\n loss share $ -5. 84. -2. 35. -1. 15\n -6. 61 -1. 46.\n value financial instruments december 31 2002 carrying amounts. 6 $ 450. $ 210. 9 $ 212. 7 million $ 1. fair values $ 291. 4 million $ 187. 2 million $ 144. 4 $ 780. million.\ndecember 31 2001 carrying company 5. 25%. 6. senior $ 450. million $ 204. 1 million $ 212. 8 million $ 1. billion fair values $ 268. 3 million $ 173. 1 million $ 158. 2 million $ 805. million.\n quoted market prices.\n values financial instruments approximate fair values december 31 2002.\n 401 ( k ) plan employees.\n matches 35% contributions 5% compensation.\n contributed $ 979000 $ 1540000 $ 1593000 31 2002 2001 2000.\n 2001 issued.\n asset retirement obligations. standards liabilities retirement long-lived assets.\n.\n effective january 1 2003.\n first quarter 2003 financial position results.\n august 2001 issued.\n-lived.\n.\nlong-lived assets retains fundamental provisions.\n.\n 144 clarifies measurement classification issues.\n.\n.\n 144 supersedes accounting reporting disposal business segment.\n effects disposal extraordinary events transactions.\n.\n retains requirement.\n report discontinued operations broadens disposal transactions.\n.\n excludes goodwill intangible assets not amortized accounting.\n.\n implemented.\n 144 january 1 2002.\n impairment assessments decisions discontinued operations standard 2002."
}
{
    "_id": "dd4be9e5a",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements loss retirement long obligations includes cash paid debt value cash convertible notes non-cash charges write-off deferred financing fees.\n includes gains repurchasing refinancing debt obligations.\n earnings per common share 2014basic diluted income 2012 2011 2010 common shares.\n income dilutive common share equivalents unvested restricted stock shares issuable stock options warrants treasury stock method conversion convertible notes.\n retirement plan company 401 ( k ) plan employees age employment requirements.\n matching contribution 31 2012 2011 2010 50% maximum 6% participant contributions.\n contributed $ 4. 4 million $ 2. 9 million $ 1. 9 million plan.\n.\n prepaid current assets december 31.\nincome tax 57665 31384\n leases\n tax 22443 81276\n assets 19037 28031\n 66790 59997\n december 222851 250273\n balances revised adjustments."
}
{
    "_id": "dd4be5a08",
    "title": "",
    "text": "hologic inc.\n financial statements supply chain manufacturing margins.\n combination manufacturing efficiencies research new detector products.\n privately held warstein manufacturing united states.\n purchase price $ 31300 24100 cash 110 shares hologic common stock $ 5300 $ 1900 acquisition fees expenses.\n determined fair value shares eitf issue.\n 99-12.\n 110 shares contingent put options closing price below threshold.\n put options expired may 2 2007.\n acquisition one-year earn out eur 1700 $ 2000 payable cash 2006 earnings.\n.\n purchase price.\n assets may 2 2006 $ 24800\n research development 600\n technology how\n customer relationship 800\n trade name\n deferred income taxes\n goodwill\n estimated purchase price $ 31300\ncompany plan aeg 2019s activities.\n recorded liability $ 2100 eitf issue.\n 95-3 termination.\n 2007 reduced liability $ 241 goodwill.\n amounts paid september 29 2007.\n acquired minority interest equity securities german company.\n estimated value $ 1400.\n sold proceeds $ 2150.\n difference $ 750 reduction goodwill.\n final purchase price allocations completed year adjustments financial position results.\n no changes purchase price allocation form 10-k 30 2006.\n intangible assets identified valued.\n customer relationship trade name developed technology know how in-process research development identifiable values.\n fair value determined income.\n customer relationship dependency accounts.\n markets products distributors customers.\n trade name.\n developed technology know how"
}
{
    "_id": "dd4b8a46e",
    "title": "",
    "text": "fourth quarter.\n 635000 tons downtime 305000 lack-of-order.\n.\n 5680\n profit\n printing papers sales 2009 $ 2. 8 billion 3. 4 billion 2008. 5 billion 2007.\n earnings $ 746 million 405 million 2008 415 million 2007.\n sales volumes decreased weak demand reduced production capacity shutdown franklin mill conversion bastrop mill pulp.\n sales price lower declines freesheet paper export.\n shipments lower-margin export markets.\n input costs lower wood chemical costs energy costs.\n freight costs.\n maintenance downtime.\n operating costs.\n lack-of-order downtime increased 525000 tons 120000 tons shutdown paper franklin mill 135000.\nearnings 2009 $ 671 million alternative fuel $ 223 million shutdown franklin mill $ 9 million 2008 $ 30 million shutdown paper machine.\n first-quarter sales volumes.\n price realizations higher.\n input costs wood energy chemicals.\n maintenance downtime lower operating costs favorable.\n papers net sales 2009 $ 960 mil increased $ 950 million 2008 $ 850 million 2007.\n profits $ 112 million $ 186 million 2008 $ 174 2007.\n volumes increased higher export shipments.\n sales price realizations lower lower export prices foreign exchange rates.\n.\n costs energy.\n maintenance operating costs.\n foreign exchange.\n 2010 sales volumes lower.\n profit margins higher geographic sales mix higher main costs.\n european papers net sales 2009 $ 1. bil lion. 2008. 2007.\nprofits 2009 $ 92 million 115 million inverurie mill $ 39 146 million 2008 $ 171 million 2007.\n sales volumes lower reduced freesheet paper inverurie mill.\n sales price decreased western margins increased poland russia currency devaluations.\n energy chemical costs.\n main tenance downtime costs higher manufacturing costs lower.\n profits foreign exchange impacts.\n 2010 sales volumes decline demand.\n sales price realizations increase eastern europe"
}
{
    "_id": "dd4bb6b4a",
    "title": "",
    "text": "united states 1400-person sales force 300000 merchants $ 130 billion payments.\n goodwill $ 3. 2 billion merger north america growth not deductible income tax.\n merger assigning goodwill units.\n incurred transaction costs $ 24. 4 million selling administrative expenses consolidated statements.\n preliminary estimated values intangible assets.\n customer-related intangible assets 977400\n acquired technology 457000\n trademarks trade names 176000\n covenants-not-to-compete 28640\n acquired intangible assets\n income approach projected cash flows discounted present value.\n average cost capital debt.\n.\n acquired technology valued replacement cost method deterioration obsolescence.\n trademarks trade names valued relief-from-royalty approach.\nmethod assumes trade marks names value relieved royalties.\n future revenue brands royalty rate-average cost capital.\n discount rate capital.\n amortization acquired intangible assets 11 years.\n customer-related intangible assets 7-20 years.\n acquired technology 5 years.\n trademarks names 7 years.\n covenants-not-to-compete 1-4 years.\n heartland revenues income 4% less than. 5% revenues income 2016.\n unaudited pro forma information results operations merger.\n accounting policies pro forma adjustments financial information.\n amortization depreciation interest expense long-term debt reduction revenues operating expenses fair value adjustments acquisition-method elimination nonrecurring transaction costs merger.\n.\n 10-k annual report"
}
{
    "_id": "dd4baf3ea",
    "title": "",
    "text": "unfunded credit commitments.\n december 31 millions\n commercial $ 39171 31009\n consumer 10875\n real estate\n $ 53347 44835\n commitments extend credit funds.\n 2007 commercial commitments $ 8. 9 billion financial services companies.\n 2006 $ 8. 3 billion.\n fixed expiration dates fee termination clauses credit quality.\n commitments expire unfunded cash requirements less total.\n home equity lines 80% unfunded credit commitments.\n market street $ 8. billion 2007 $ 5. 6 billion 2006 201ccommercial 201d categories.\n.\n medical surgical hospitals 5%.\n pledged $ 1. 6 billion federal reserve bank $ 33. 5 billion federal home loan bank.\ndirectors officers pnc affiliated companies loans subsidiary banks.\n same terms interest rates collateral risk collectibility unfavorable features.\n loans $ 13 million 2007 $ 18 million 2006.\n new loans $ 48 million funded repayments $ 53 million."
}
{
    "_id": "dd4bc9f60",
    "title": "",
    "text": ".\n 2013 export sales.\n $ 246 million $ 277 million $ 275 million 2010 2008.\n intra-company sales two percent 2010 three percent 2009 one percent 2008.\n customer $ 1993 million $ 2053 million $ 2058 million 2010 2009 2008.\n cabinets plumbing architectural specialty products.\n sales operations.\n $ 5618 million $ 5952 million $ 7150 million 2010 2009 2008.\n sales property additions depreciation amortization discontinued.\n impairment charges plumbing products $ 1 million installation services $ 720 million.\n 2009 plumbing 39 million specialty products $ 223 million.\n cabinets $ 59 million plumbing $ 203 million installation services $ 52 million specialty products $ 153 million.\n.\n2009 company recognized loss plan freeze future benefit accruals january 1 2010 domestic defined-benefit pension plans.\n consolidated financial statements.\n litigation settlement 2009 unit cabinets products.\n installation services segment.\n note financial statements.\n long-lived assets operations.\n $ 3684 million $ 617 million $ 4628 million $ 690 million $ 4887 million $ 770 million december 31 2010 2008.\n assets 2009 2008 excluded discontinued operations.\n.\n income millions.\n 2009\n income cash investments $ 6\n interest income\n financial investments\n $ 7 $ 29\n consolidated financial statements 2014"
}
{
    "_id": "dd4bf2852",
    "title": "",
    "text": "notional amounts derivative receivables december 31.\n billions\n interest rate $ 38493 $ 37022\n foreign exchange 2136 1886\n equity 458\n credit derivatives 2241 1071\n commodity 265\n $ 43593 $ 40514\n collateral receivables -6\n collateral $ 44\n notional amounts-party derivative contracts excluding options foreign exchange spot contracts exceed credit losses.\n notional principal amount change hands payments.\n firm held $ 33 billion collateral derivative receivables december 31 2005 $ 27 billion net cash $ 6 billion liquid securities collateral.\n $ 27 billion $ 50 billion derivative receivables.\nexcluded $ 33 billion collateral $ 10 billion clients transactions secures exposure portfolio.\n excluded credit enhancements letters credit surety receivables.\n firm held $ 41 billion collateral derivative receivables december 31 2004 $ 32 billion net cash $ 9 billion liquid securities collateral.\n benefit $ 32 billion $ 66 billion derivative receivables.\n excluded $ 41 billion $ 10 billion clients secures exposure.\n excluded credit enhancements letters credit surety receivables.\n jpmorgan chase & co.\n.\n 2005 annual report exposure profile derivatives december 31 2005 table summarizes amounts reported derivative receivables. cost replace market rates counterparty.\n transaction agreement netted mtm exposure collateral represents current credit risk.\ncredit exposure net value derivative receivables capture future variability.\n firm calculates three measures derivatives-related credit loss peak derivative risk equivalent average exposure.\n incorporate netting collateral benefits.\n peak exposure counterparty extreme 97. 5%. confidence level.\n total potential future credit risk derivatives portfolio not sum peak credit risks.\n credit risk reduced by offsetting transactions separate counter parties one generate credit loss.\n market diversification market-diversified peak measure portfolio aggregation counterparty peak measures maximum losses. if all terparties defaulted.\n derivative risk equivalent exposure riskiness derivative exposure loan.\n unexpected loss derivative counterparty exposure loan exposure.\n less extreme credit loss primary for credit approval derivative transactions.\naverage exposure expected value derivative receivables future collateral.\n pricing credit capital valuation adjustment.\n exposure $ 36 billion $ 38 billion 2005 2004 compared $ 44 billion $ 57 billion 2005 2004.\n graph exposure profiles derivatives 10 years mdp dre avg metrics.\n declining exposure first year no new trades."
}
{
    "_id": "dd4bd18a0",
    "title": "",
    "text": "jpmorgan chase. annual report chart shows december 31 posted market risk gains 220 261 days gains eight days exceeding $ 200 million.\n chart includes losses synthetic credit portfolio.\n posted gains 254 days.\n graph losses loss.\n 41 days 261 exceeded var measure three.\n losses occurred second quarter 2012 due adverse effect market movements risk positions credit portfolio.\n portfolio experienced seven loss days none losses exceeded var measures.\n sensitivity one-basis-point increase jpmorgan chase 2019s credit spreads.\n impact shift credit curve.\n sensitivity not representative actual gain loss.\n results reflect movement credit spreads maturities changing exposure profile.\n adjustment sensitivity one basis-point increase 2019s credit spread.\n december 31 2012\n 31 2011\neconomic-value stress testing risk.\n reflects loss adverse changes stress testing exposure unlikely events abnormal markets.\n runs weekly stress tests market risks credit equity interest rates currency commodity.\n grid-based approach calculates stress market rallies sell-offs"
}
{
    "_id": "dd4b90684",
    "title": "",
    "text": "2017 form 10-k intangible assets amortized over lives tested.\n 2016 customer relationship intangibles $ 96 million $ 27 million intellectual property $ 111 million $ 48 million resource industries impaired.\n fair value insignificant.\n fair value level 3 internal projections unobservable measurement inputs.\n impairment $ 132 million restructuring activities operating expense statement.\n note 25.\n amortization expense $ 323 million $ 326 million $ 337 million 2017 2016 2015.\n december 31 2017 expense expected millions.\n 2022\n.\n no impairments 2017 2015.\n annual impairment tests 2016 fair value unit above carrying value surface mining technology reporting unit.\n.\n acquisition bucyrus international.\n 2011.\nproduct portfolio mining trucks shovels draglines hydraulic shovels parts.\n develops sells fleet management autonomous.\n annual impairment test 2016 fair value below carrying value second step.\n determined income.\n assets liabilities royalty dealer attrition technological obsolescence discount rates.\n.\n recognized goodwill impairment charge $ 595 million $ 629 million october 1 2016.\n fair value determination level 3 internal projections unobservable measurement inputs.\n $ 17 million tax benefit."
}
{
    "_id": "dd4979e04",
    "title": "",
    "text": "analysis depreciation studies.\n changes estimated service lives depreciation rates implemented prospectively.\n group depreciation historical cost depreciable property retired replaced charged to accumulated depreciation no gain or loss recognized.\n historical cost assets estimated using inflation indices labor statistics estimated useful lives studies.\n indices selected correlate major costs asset classes.\n until monitor estimated service lives accumulated depreciation rates.\n determine accumulated depreciation deficient.\n deficiency amortized depreciation expense lives.\n retirements depreciable properties gain or loss recognized if retirement meets conditions unusual material varies significantly from retirement profile.\n gain or loss recognized land assets not railroad operations.\n asset capitalize costs use.\n assets self-constructed.\ncapital expenditures replacement track assets road properties performed employees track line expansion capacity projects.\n costs capital projects capitalized.\n direct costs material labor equipment.\n indirect costs capitalized construction.\n general administrative expenditures.\n repairs maintenance useful life safety efficiency.\n allocated statistical bases.\n expense repairs maintenance $ 2. 4 billion 2014. 3 billion 2013 $. 1 billion 2012.\n capital leases recorded net present value minimum lease payments value.\n amortization expense computed straight-line method estimated useful lives.\n.\n accounts payable current liabilities.\n.\n.\n.\n dividends\n income taxes\n wages\n casualty costs\n interest\n equipment rents\n accounts liabilities 3303"
}
{
    "_id": "dd4c50f60",
    "title": "",
    "text": "financed acquisition $ 1. billion loan $ 1. billion unsecured notes 61 million shares common stock.\n stock options converted into 4. 5 million shares common stock.\n detailed note 9 12.\n transaction accounted method assets acquired liabilities recognized fair values acquisition date.\n preliminary amounts.\n values not subject to change.\n amounts.\n no one year from acquisition preliminary values.\n working capital 391\n property equipment software 319\n intangible assets\n 1800\n trademarks 890\n technology 215\n noncurrent assets 344\n long-term debt 346\n liabilities 361\n deferred tax liability 1035\n assets acquired 2217\n goodwill 2715\n consideration transferred $ 4932\ncash equivalents investments receivables assets accounts payable liabilities.\n deferred costs investments.\n unfavorable lease obligations deferred revenues.\n assets $ 31 million deferred tax $ 62 million liabilities $ 32 million $. billion.\n relationships amortized 12 years.\n technology asset 7 years trademarks indefinite.\n goodwill synergies benefits combining hewitt aon future benefits"
}
{
    "_id": "dd4c4c91a",
    "title": "",
    "text": "performance graph five-year period june 30 2019 market performance common stock s&p 500 index peer companies.\n historic not indicative future.\n 5 year return jack henry associates. s&p 500 index peer group line graph.\n 2014 2015 2016 2017 2018\n. 110. 151. 182. 231. 240.\n. 126. 142. 166. 224. 281.\n. 127. 151. 177. 228. 286.\n. 131. 150.\n comparison assumes $ 100 invested june 30 2014 reinvestments dividends.\n returns calculated market capitalization peer group members.\n peer companies computer software hardware services financial institutions.\n companies different 2019 2018.\n adjusted consolidations.\n peer group worldwide. black knight. bottomline technologies.broadridge solutions. cardtronics corelogic. euronet. exlservice. fidelity services. fiserv. fleetcor technologies. global payments. square. ss&c technologies. total system services. tyler. verint. wex.\n. bottomline technology. broadridge cardtronics. corelogic. euronet. fidelity. fiserv. global payments. moneygram. ss&c technologies. services. tyler."
}
{
    "_id": "dd4c4ef80",
    "title": "",
    "text": "five-year shareholder return altria group.\n s&p 500 ii 5.\n common equity matters issuer purchases.\n compares shareholder return. common stock s&p 500 index.\n.\n investment $ 100 common stock indices market close december 31 2011 reinvestment dividends quarterly.\n bloomberg return reinvestment dividends ex-dividend date.\n 2016 group.\n peer group. consumer product companies competitors. subsidiaries campbell soup coca-cola colgate-palmolive conagra brands. general mills. hershey kellogg kimberly-clark kraft heinz mondel 0113z international. pepsico.\n.\n october 1 2012 kraft foods.\n.\n changed name.\n mondel 0113z international.\n.\n 2 2015 foods.\nmerged owned subsidiary.\n heinz holding corporation renamed heinz company.\n june 12 2015 reynolds american.\n acquired lorillard.\n.\n november 9 2016 conagra foods.\n weston holdings.\n changed name conagra foods.\n conagra brands.\n.\n. 500\n 2011 100.\n 2012 111. 108. 115.\n 2013 143. 135. 153.\n 2014 193. 151. 174.\n 2015 237. 177 176.\n 2016 286. 61 192. 198.\n.\n.\n"
}
{
    "_id": "dd4c040c0",
    "title": "",
    "text": "performance retention awards 2009.\n.\n nonvested january 1 2009 873 $ 50. 70\n granted 47. 28\n vested. 23\n forfeited 53.\n nonvested december 31 2009 1060 $.\n $ 22 million unrecognized compensation expense performance retention awards. 3 years.\n subject levels grants.\n.\n defined benefit retirement income non-union employees.\n years service highest compensation reductions early retirements.\n defined contribution medical life insurance benefits retirees.\n funded january 1 2010 medicare-eligible retirees retiree medical program contribution health reimbursement account-of-pocket medical expenses.\n amendment projected benefit obligation december 31 2009.\n overfunded underfunded pension plans.\nfunded status pbo fair value assets.\n benefits salary increases.\n pbo equal accumulated benefit obligation affected salary increases.\n assets measured fair value.\n december 31 date retirement."
}
{
    "_id": "dd4bc86ce",
    "title": "",
    "text": "entergy arkansas.\n fuel power expenses increased deferred fuel 2004 cost.\n regulatory credits decreased over-recovery grand gulf costs.\n net revenue fuel power expenses regulatory credits.\n analysis change net revenue 2003 2002.\n 2002 net revenue $ 1095.\n 2002 settlement agreement -154.\n volume/weather.\n asset retirement obligation.\n wholesale revenue.\n deferred fuel cost revisions.\n.\n 2003 net revenue $ 998.\n 2002 settlement agreement recovery ice storm costs 2000 offset.\n 1997 settlement 11% return equity transition cost account offset stranded costs.\n ice storms left 226000 212500 entergy arkansas customers without electric power.\n recover charges power restoration.\n damage $ 195 million.\napsc approved settlement agreement 2002 entergy arkansas apsc staff attorney general.\n $ 153 million ice storm costs incremental offset against tca excess deferred amortized over 30 years.\n expenses exceeded tca funds $ 15. 8 million recorded regulatory asset june 2002.\n entergy arkansas $ 18. 1 million customers.\n apsc approved refund checks august 2002.\n tca procedure ceased 2001 earnings evaluation.\n remaining costs $ 32. 2 million addressed $ 22. 2 million capital additions $ 3. 8 million not recovered.\n net income $ 2. 2 million increase 2003 revenue offset operation maintenance expenses."
}
{
    "_id": "dd4b96ca0",
    "title": "",
    "text": "corporation subsidiaries financial statements.\n long-term obligations business acquisitions 2007 2006 2005 issued promissory notes $ 1. 7 million $ 7. 2 million $ 6. 4 million.\n interest annual rates 3. 6. payable maturity monthly installments.\n assumed liabilities business acquisition quarter 2005 promissory note balance $. 2 million.\n annual interest rate retired 2006.\n commitments contingencies leases office space warehouse distribution facilities trucks equipment.\n future minimum lease commitments 31 2007.\n 2008\n rental expense leases $ 27. 4 million $ 18. 6 million $ 12. 2 million 2007 2006 2005.\n guaranty residual values truck equipment leases.\n original cost.\n responsible shortfall.\n more residual.\nterminated operating leases december 31 2007 residual value $ 24. 0 million.\n december 2 2005 ford technologies complaint commission keystone five respondents four taiwan manufacturers.\n december 12 2005 ford amended complaint.\n infringed 14 design patents"
}
{
    "_id": "dd4b88920",
    "title": "",
    "text": "october 2016 accelerated share repurchase agreement concluded received additional 44 thousand shares common stock.\n table.\n compares common stock s&p 500 index healthcare equipment index.\n initial investment $ 100 market december 30 2011 reinvestment dividends.\n 5 year cumulative return&p 500 healthcare index.\n return\n lifesciences $ 127. $ 93. 180. 223. 265.\n s&p 500 116. 153. 174. 198\n 500 healthcare equipment index 117. 150."
}
{
    "_id": "dd4c1618a",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries operating expenses influenced by compensation headcount business activity.\n salaries discretionary compensation amortization equity awards.\n discretionary compensation by net revenues financial performance labor markets business mix share compensation programs external environment.\n regulatory proceedings.\n operating expenses staff.\n 2015 2013\n compensation benefits $ 12678 12691\n brokerage clearing exchange fees\n market development\n communications technology\n depreciation amortization\n occupancy\n professional fees\n insurance\n non-compensation expenses\n operating expenses 25042 22171\n staff period-end 36800\n.\n changes reserves reinsurance business interest policyholder balances expenses property catastrophe reinsurance claims.\n2013 majority reinsurance.\n.\n $ 3. 37 billion agreement rmbs group.\n note 27 financial statements.\n.\n operating expenses $ 25. billion 13% 13 % higher 2014.\n compensation benefits expenses $ 12. 68 billion unchanged.\n ratio revenues 37. 5%.\n staff increased 8% 8 % activity regulatory compliance.\n non-compensation expenses $ 12. 36 billion 30% % higher 2014 higher provisions mortgage litigation regulatory matters.\n offset lower depreciation amortization expenses reduction expenses sale metro.\n provisions litigation regulatory proceedings $ 4. 01 billion $ 754 million 2014.\n $ 148 million charitable contribution goldman sachs.\n compensation reduced.\n directors recipients.\n.\n operating expenses $ 22. 17 billion unchanged 2013.\ncompensation benefits expenses $ 12. 69 billion 2014 unchanged.\n ratio revenues 36. 8%. 2013\n staff increased 3%.\n non-compensation expenses $ 9. 48 billion 4% 4 lower 2013.\n lower provisions litigation operating expenses decline insurance reserves.\n offset brokerage clearing exchange distribution fees.\n net provisions litigation regulatory proceedings 2014 $ 754 million $ 962 million 2013.\n charitable contribution $ 137 million goldman sachs gives.\n compensation reduced.\n asks directors recommendations recipients.\n"
}
{
    "_id": "dd4b953dc",
    "title": "",
    "text": "five-year performance comparison 2013 graph shareholder returns peer group index dj trans s&p 500.\n assumes $ 100 invested common stock union pacific corporation december 31 2009 dividends reinvested.\n historical not indicative future performance.\n purchases equity securities 2013 repurchased 33035204 shares common stock average $ 100.\n table common stock repurchases fourth quarter 2014 shares price paid maximum.\n oct. 1. 31 3087549 $ 107. 59 3075000 92618000\n. 30 1877330. 1875000 90743000\n dec. 1. 31 2787108. 54 2786400 87956600\n 7751987 $ 113. 77 7736400\n purchased 15587 shares stock option prices tax withholding obligations.\njanuary 2014 authorized repurchase 120 million shares stock december 31 2017.\n open market.\n management discretion timing."
}
{
    "_id": "dd4b9ae72",
    "title": "",
    "text": "graph shows five-year comparison shareholder return common stock s&p mid cap 400 russell 1000 index published indices.\n 2011 2016 $ 100 invested reinvestment dividends returns.\n. corporation 100. 159. 275. 292. 401. 501.\n&p mid cap 400 index. 117. 157. 172. 169. 204.\n russell 1000 index 100. 116. 155. 175. 177. 198.\n s&p midcap 400 russell 1000"
}
{
    "_id": "dd4b92e48",
    "title": "",
    "text": "grand gulf recovery variance due costs uprate.\n volume/weather variance favorable weather residential industrial sales refining.\n fuel recovery variance due deferral increased capacity costs expiration evangeline gas contract january 1 2013 adjustment deferred fuel costs third quarter 2012.\n note 2.\n miso deferral variance due deferral 2013 costs 2010.\n decommissioning trusts variance due lower regulatory credits higher income investments.\n no effect net income offset interest investment income.\n net revenue 2013 2012.\n.\n net revenue $ 1854\n-to-market -58\n nuclear volume\n fuel expenses\n price changes\n 2013 net revenue\n revenue decreased $ 52 million due rising power prices electricity instruments additional financial power sales fourth quarter 2013 protective call options.\nadditional sales qualify hedge accounting increases forward prices negative mark-to-market variance.\n expected underlying transactions earnings first quarter 2014.\n note 16 financial statements derivative instruments decrease net revenue resupply options purchase power agreements plant.\n table entergy subsidiaries management financial"
}
{
    "_id": "dd4bef5da",
    "title": "",
    "text": "26 100 calculation adjusted net earnings.\n millions share 2010 2008\n net earnings ball corporation $ 468. $ 387. $ 319.\n discontinued operations tax.\n business consolidation activities.\n gains equity earnings tax.\n gain dispositions tax.\n debt refinancing costs.\n adjusted net earnings $ 433. $ 372. 337.\n diluted share operations $ 2.\n diluted share.\n debt refinancing december 31 2010 increased $ 216. 1 million $ 2. 8 billion 2. 6 billion 2009.\n replaced credit facilities 2011 2015.\n variable rates $ 200 million loan.\n dollars million british sterling million euros.\n multi-currency long-term revolving $ 850 million french multi $ 150.\n revolving credit facilities expire 2015.\n issued $ 500 million 5. 75 percent notes may 2021.\n proceeds purposes.\n 2010 issued $ 500 million 6. 75 percent notes 2020.\n redemption $ 509 million. 875 percent 2012 price. 146 percent principal interest.\n april 21 2010 $ 8. 1 million premium unamortized financing costs.\n earnings.\n $ 976 million-currency revolving credit facilities.\n $ 20 million 52 million.\n 372 million short-term uncommitted $ 76. 2 million outstanding due $ 175 million borrowings receivable securitization program.\n renewed receivables sales agreement one year.\n $ 125 million january april $ 175 million.\n december 2015 liquidity strong cash flow debt service.\nrecent financial conditions concerns credit risk company risk.\n credit ratings suppliers customers lenders.\n compliance loan agreements met debt obligations.\n.\n agreements credit industrial bond agreements restrictions dividends investments financial ratios guarantees indebtedness.\n details debt receivables notes 12 6 consolidated financial statements 8."
}
{
    "_id": "dd4bd1de6",
    "title": "",
    "text": "accelerated.\n amortization expense intangibles $ 4. 2 million $ 4. 1 million $ 4. 1 million 2010 2009 2008.\n estimated annual amortization expense balance 2011 2015 $ 4. 8 million.\n long-lived assets reviewed.\n reduced to fair value.\n 2010 recognized impairment charges $ 1. 3 million.\n no adjustments carrying value 2009 2008.\n fair value financial instruments debt reflected balance sheet.\n 2010 fair value term loans approximated carrying value $ 590 million.\n 2009 value $ 570 million below carrying value $ 596 million interest rate margins below.\n estimated fair value upfront cash payment.\n credit rating cash inflows outflows.\n cash equivalents net trade receivables accounts payable fair value.\napply market income financial assets liabilities cash surrender life deferred compensation interest rate swaps.\n value disclosures note 7. mechanical products six-month warranty.\n remanufactured engines three-year warranty.\n record estimated warranty costs.\n changes warranty reserve.\n balance january 1 2009 $ 540\n 5033\n claims -4969\n december 31 2009\n acquisitions december 31 $ 2063\n self-insurance reserves medical benefits.\n purchase stop-loss insurance liability.\n"
}
{
    "_id": "dd4b90c74",
    "title": "",
    "text": "entergy new orleans.\n subsidiaries management financial receivables money pool december 31 years.\n 2016 2015 2014 2013\n $ 14215 $ 15794 442 4737\n note 4 financial statements.\n orleans credit facility $ 25 million november 2018.\n letters credit $ 10 million borrowing capacity.\n december 31 2016 no cash borrowings $ 0. 8 million letter credit outstanding.\n uncommitted letter credit facility.\n $ 6. 2 million letter credit.\n note 4 financial statements.\n authorization october 2017 short-term borrowings not exceed $ 100 million.\n note 4 statements-term borrowing limits.\n long-term securities issuances authorized city council authorization extends june 2018.\n influence financial position results liquidity.\n rates determined regulatory.\ncity council.\n transfer entergy louisiana new orleans.\n 2013 entergy louisiana rate case area regulated.\n rate increase $ 13 million three years. 4%. return common equity.\n 2014 council rate increase $ 5. 56 million three years. 13%. return common equity.\n june 2014 council approved settlement 2022 $ 9. 3 million rate revenue increase four years $ 853 thousand annually four-year formula rate plan reports implemented october.\n return common equity. 95%. +/- 40 basis point bandwidth.\n increase bills billing cycle july 2014.\n compliance filings october 2014 rate riders ninemile 6 non-fuel cost recovery interim rider"
}
{
    "_id": "dd4badf40",
    "title": "",
    "text": "human capital management human capital management.\n 2013 organization design.\n structure 800 employee positions.\n incurred $ 110 million costs implementation severance pension termination benefits corporate property plant equipment impairments.\n december 2013 deferred $ 45 million approved apsc lpsc.\n note 2 financial statements note 13 restructuring charges.\n liquidity capital resources capital structure spending cash flow activity.\n balanced equity debt.\n debt capital 57. 9% (. 9 % 58. 7%. 7 % )\n. 6%. 6 %. 8% 8 %\n 56. 3%. 3 % 56. 9%. 9 %\n. 5%. 5 %. 1%. 1 %\n debt 54. 8%. 8 % 55. 8%. 8 %\ncalculation excludes arkansas louisiana texas securitization bonds non-recourse to.\n net debt less cash equivalents.\n notes payable commercial paper capital lease obligations long-term debt maturing portion.\n capital debt shareholders equity subsidiaries preferred stock without sinking fund.\n capital less cash equivalents.\n entergy uses debt to capital ratios excluding bonds non.\n net debt to capital ratio outstanding debt.\n long-term debt most total debt.\n long-term debt principal maturities estimated interest payments as december 31  2013.\n.\n amounts include payments entergy louisiana system energy sale-leaseback transactions included long-term debt.\n"
}
{
    "_id": "dd4b8f9b4",
    "title": "",
    "text": "priorities re-evaluated new ceo 2011.\n focused priorities 2022 geographic concentration strategy maximize shareholder value capital allocation platform expansion brazil chile colombia united states turkey poland united kingdom corporate debt reduction return capital shareholders dividend 2012 closing sales businesses exiting non markets optimizing profitability integration dpl management realignment utilities generation cost savings overhead costs business requirements systems automation allocation development spending completion 2400 mw construction program integration new projects businesses.\n december 31 2011 projects commenced operations fuel equity interest.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 50 %.\n equity interest\n 71% 71 51%laurel mountain us-wv wind 98 100%\n bulgaria coal 670\n joaquim brazil hydro 24% 24 %\n 394 10% 10 %.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 10 aes solar energy.\n joint venture riverstone holdings equity.\n kalipetrovo ugento soemina francavilla fontana latina cocomeri francofonte sabaudia siracusa manduria apollo rinaldone.\n joint venture.\n.\n equity investment.\n risks.\n.\n.\n 2010 120 mw-river hydroelectric plant panama damage.\n"
}
{
    "_id": "dd498329c",
    "title": "",
    "text": "edwards lifesciences corporation financial statements 13.\n common stock maintains nonemployee directors stock incentive compensation program.\n election receives grant stock options stock units market value $ 0. 2 million 20000 shares.\n grants vest three years service.\n annually director 40000 stock options 16000 restricted stock units common stock total combined annual award exceed $ 0. 2 million.\n grants vest one year.\n 2. 8 million shares common stock authorized issuance.\n employee stock purchase plan united states international employees.\n employees purchase common stock 85% fair market value common stock.\n employees authorize withhold 12% compensation common stock purchases limitations.\n available employees outside.\n section 423 internal revenue code.\n authorized 13. 8 million shares.\nvalue option award employee stock purchase subscription estimated date grant black-scholes option valuation model.\n risk-free interest rate estimated.\n treasury yield curve based expected term award.\n volatility historical volatility edwards lifesciences 2019 implied volatility traded options.\n term awards vesting period historical behavior.\n historical data forfeitures annual forfeiture rate 6.\n black-scholes option pricing model weighted-average assumptions options.\n risk-free interest rate. 1%. 4%\n dividend yield\n volatility 33% 33 % 31% 31 %\n life.\n fair value per share $ 31. $."
}
{
    "_id": "dd4bb284c",
    "title": "",
    "text": "costa concordia incident instability european landscape.\n long term growth potential.\n europe served 102 ships 108000 berths 2008 117 ships 156000 berths 2012.\n 9 ships 25000 berths expected european cruise market 2013 2017.\n table growth global north american european cruise markets guests weighted-average berths five years global cruise guests north american.\n north american european cruise guests\n 2008 17184000 347000 10093000 219000 4500000\n 2009 17340000 363000 10198000 222000 5000000\n 2010 18800000 391000 10781000 5540000\n 2011 20227000 412000 11625000\n 2012 20823000 425000 12044000 254000 6040000\nestimates global cruise guests weighted-average supply berths north america europe based data cruise seatrade insider cruise line international association.\n estimates incorporate statistical analysis.\n cruise line international association guests two consecutive nights 2008 2011.\n 2012 represent estimates.\n clia european cruise council 2008 2011.\n 2012 estimates.\n asia/pacific region higher growth small sector.\n cruise lines.\n competitors carnival corporation plc costa cunard holland america p disney msc cruises norwegian oceania cruises.\n lines compete with vacation alternatives resort hotels sightseeing destinations.\n demand influenced by political economic conditions.\n consumer spending.\noperating strategies protect health safety security guests employees environment strengthen human capital serve global guest base grow business strengthen consumer engagement enhance revenues increase awareness market penetration brands globally focus cost efficiency manage operating expenditures ensure cash liquid ity return capital shareholder value invest fleet ships transfer innovations fleet new cruise ships capitalize portability flexibility ships markets itineraries optimize returns markets enhance technological capabilities customer preferences expectations profitability. 3/27/13"
}
{
    "_id": "dd4be27ae",
    "title": "",
    "text": "net income $ 4. 6 billion earnings $ 5. 79 per share best performance.\n freight revenues increased 7% $ 19. 8 billion volume growth 2% fuel surcharge pricing gains.\n frac sand coal intermodal shipments declines grain crude oil vehicles rock.\n diesel fuel $ 1. 81 per gallon 22% 22 2016.\n operating expenses $ 334 million.\n gross-ton miles increased 5% fuel expense.\n consumption rate improved 2%.\n cash flow $ 7. 2 billion $ 2. 2 billion reductions $ 3. 1 billion investing $ 2 billion dividends 10% increase quarterly dividend per share $ 0. 605 to $. 665.\n free cash flow dividends.\n financial.\n financial performance.\ncash flow operating activities.\n table reconciles non.\n millions 2017 2016 2015\n cash operating activities $ 7230 $ 7525 $ 7344\n investing activities -3086 -3393 -4476\n dividends -1982 -1879 -2344 (\n free cash flow $ 2162 $ 2253 $ 524\n 2018 outlook safety safe benefits employees customers shareholders communities.\n multi-faceted approach safety technology risk assessment training engagement quality control capital investments.\n safety culture practices.\n increase detection rail defects crossings educate safety.\n align resources customer demand efficient network ensure surge capability.\n fuel prices projections crude oil natural gas fluctuate.\n sensitive global.\n demand refining capacity geopolitical events weather conditions.\nprices fluctuate impact earnings fuel surcharge programs price two months.\n lower fuel prices spending demand products.\n negative commodities coal domestic drilling shipments."
}
{
    "_id": "dd4bb016e",
    "title": "",
    "text": "stock performance graph shows shareholder return dividend reinvested s&p 500 s&p information technology index dow jones.\n index five years 26 2015.\n assumes $ 100 invested common stock s&p 500.\n index market 24 2010.\n historic stock price performance not indicative future performance.\n $ 100 invested 9/25/10 index reinvestment dividends.\n last day fiscal year stock september 30th indexes.\n mcgraw hill financial.\n.\n dow jones.\n.\n.\n 2011 2012 2013 2014 2015\n apple. $ 100 138 170 254\n s&p 500 index\n s&p information technology index 104\n dow jones. supersector index 103 134 141 183\n.\n"
}
{
    "_id": "dd4bb5efc",
    "title": "",
    "text": "tangible acquired $ 17. 7 million.\n sigma-c.\n virtio corporation.\n acquired 15 2006 all-cash transaction.\n.\n presence electronic system design.\n studio solution virtual prototyping technology code development.\n.\n paid $ 9. 1 million cash outstanding shares $. 9 million deposited escrow paid former stockholders.\n prior investment virtio $ 1. 7 million.\n.\n 9076\n investment 1664\n acquisition-related costs\n purchase price\n costs. legal tax accounting fees facilities closure costs employee termination costs.\n paid $. 3 million acquisition costs.\n. 4 million balance professional tax service fees facilities closure costs.\n pay $ 4. 3 million over three years former stockholders sales milestones.\n additional purchase price adjustment goodwill.\ncompany agreed pay $. 9 million employee retention bonuses.\n.\n performed preliminary valuation allocated purchase consideration assets liabilities.\n acquired $ 2. 5 million intangible $ 1. 9 million technology $. 4 million customer relationships $. 2 million non-compete agreements amortized five seven years.\n acquired assets $ 5. 5 million assumed liabilities $ 3. 2 million.\n excess purchase price $ 6. 7 million.\n.\n.\n acquired 2005 all-cash.\n.\n leading electronic design automation vendor"
}
{
    "_id": "dd4c521c6",
    "title": "",
    "text": "indemnification obligations arise under arrangements predecessor companies.\n pnc subsidiaries provide indemnification to directors officers employees agents against liabilities pnc subsidiaries.\n advance individuals costs claims undertakings repay if entitled indemnification.\n responsible for similar indemnifications obligations officers directors at acquisition.\n advanced costs.\n to determine aggregate potential exposure obligation.\n visa indemnification payment services business acquires credit debit card transactions through.\n.\n.\n october 2007 restructuring issued shares visa.\n members.\n received share of visa.\n common stock members.\n obligated to indemnify visa for judgments settlements litigation.\n acquisition national city party to judgment loss sharing agreements with visa banks.\njudgment loss sharing agreements responsibilities adverse judgment settlements litigation.\n 2012 visa funded $ 150 million escrow account reduced conversion rate visa shares.\n indemnify visa judgments settlements exposure visa litigation.\n pnc sold residential home equity loans securitization continuing involvement.\n recourse loan repurchase obligations transferred assets.\n-family loans fnma.\n participated similar program fhlmc.\n assume one-third risk loss unpaid principal balances.\n 2011 unpaid principal balance $ 12. 8 billion $ 13. 0 billion.\n maximum exposure $ 3. 9 billion $ 4. billion 2011.\n reserve losses.\n $ 43 million $ 47 million consolidated balance sheet.\npayment required programs contractual interest collateral loans losses value losses.\n exposure activity recourse obligations corporate institutional banking.\n table 154 analysis commercial mortgage recourse obligations.\n millions\n january $ 47 $ 54\n reserve adjustments\n losses 2013 loan repurchases settlements\n december 31 $ 43 $ 47\n residential home equity repurchase obligations non repurchase obligations investors.\n origination covenants representations warranties.\n first second-lien non-agency loan sale transactions.\n pnc financial services group.\n 2013 form"
}
{
    "_id": "dd4b8c25a",
    "title": "",
    "text": "operating income loss by segment summarized.\n 2016 2015\n north america $ 408424 460961 -52537.\n emea 11420.\n asia-pacific 68338 36358 31980.\n latin america -33891 -30593.\n connected fitness -36820 -61301.\n total operating income $ 417471 $ 408547 8924.\n increase income income north america decreased $ 52. 5 million to 408. 4 million 2016 from. 2015 due gross margin $ 17. million expenses liquidation sports authority. $.-store.\n $ 11. million expenses shift north america.\n offset by increases revenue.\n income increased $ 8. 3 million to $ 11. 4 million 2016 from. million 2015 due sales growth reductions incentive compensation.\noffset investments sports marketing infrastructure.\n income asia-pacific increased $ 31. 9 million $ 68. 3 million 2016 36. 4 million 2015 sales growth incentive compensation.\n direct-to-consumer new territories.\n latin america increased $ 3. 3 million $ 33. 9 million 2016 30. 6 million 2015 investments challenges.\n offset sales growth reductions incentive compensation.\n fitness decreased $ 24. 5 million $ 36. 8 million 2016 61. 3 million 2015 sales growth.\n revenues volume higher margin.\n.\n inventory accounts payable accrued expenses."
}
{
    "_id": "dd497a156",
    "title": "",
    "text": "estimated acquisition-date values assets acquired liabilities assumed purchase.\n cash $ 45826\n customer-related intangible assets 42721\n acquired technology 27954\n trade name 2901\n other assets 2337\n deferred income tax\n -49797\n net assets 62154\n goodwill 203828\n purchase consideration $ 265982\n $ 203. million acquisition-pacific growth australia new zealand payments asia-pacific north america markets.\n goodwill not deductible income tax.\n customer-related intangible assets 15 years.\n acquired technology 15 years.\n trade name 5 years.\n settlement funds card issuers merchants.\n funding.\n sponsorship direct membership.\n merchant service provider mastercard independent sales organization visa.\n sponsorship agreements sponsors.\nagreements transactions control credit card transactions mastercard visa.\n standards restrict merchant funds funds until funded.\n direct membership model members payment networks transactions without third-party sponsorship.\n route clear transactions card network not settlement.\n.\n adhere standards payment networks.\n maintain relationships financial institutions settlement.\n timing differences interchange fees merchant reserves differences received payment networks funded.\n intermediary balances reflected settlement processing assets obligations consolidated balance sheets.\n interchange reimbursement.\n receivable merchants discount fee.\n global payments inc.\n 2017 10-k annual report 2013"
}
{
    "_id": "dd4c1d2be",
    "title": "",
    "text": "union-represented american mainline employees covered by agreements not amendable.\n until negotiations outside traditional rla bargaining process no self-help permissible.\n piedmont mechanics stock clerks psa dispatchers have agreements amendable engaged in traditional rla negotiations.\n unions engage in concerted refusals strikes.\n risk disgruntled employees refusals harm operation financial performance.\n.\n risk disputes strikes labor disruptions affect operations. affected by availability price jet fuel.\n one cent per gallon increase in fuel price 2016 annual fuel expense by $ 44 million.\n table shows annual aircraft fuel consumption costs for mainline operations 2015 2014.\n.\n $. $ 6226 21. 6%.\n2014 3644 2. 91 10592 33. 2%.\n fuel expenses for-owned third-party regional carriers were $ 1. 2 billion $ 2. 0 billion december 31 2015 2014.\n fuel hedging contracts.\n exposed to fluctuations prices.\n current policy not.\n prices.\n predict future availability price volatility cost.\n natural disasters political disruptions wars governmental policy strength.\n dollar petroleum pipelines terminals speculation energy futures production capacity environmental concerns events fuel supply shortages price volatility cost increases.\n.\n business dependent on price availability aircraft fuel.\n high volatility increased prices disruptions operating results liquidity. public liability passenger liability property damage all-risk coverage damage aircraft.\n coverage injury public"
}
{
    "_id": "dd4c53260",
    "title": "",
    "text": "tower corporation subsidiaries financial statements brazil acquisition 2011 acquired 100% shares 627 communications sites brazil $ 553. million increased $ 585. 4 million 39 sites december 31.\n 2012 purchase price reduced $ 585. 3 million post closing price adjustments.\n allocation finalized 2012.\n table summarizes purchase consideration assets acquired liabilities assumed estimated fair value acquisition final purchase price preliminary allocation.\n current assets $ 9922\n non-current\n property equipment\n intangible assets 368000\n liabilities\n non-current liabilities -38519\n net assets acquired $ 488935 $ 437976\n goodwill\n consolidated balance sheets.\n december 31.\n $ 7. million accounts receivable contractual.\n customer-related intangibles $ 250.network location intangibles $ 118. million.\n amortized 20 years.\n long-term liabilities $ 30. million tax positions acquisition non-current assets $ 24. million indemnification asset.\n goodwill deductible tax.\n allocated international rental management segment.\n purchase 1500 towers vivo.\n.\n purchased 800 communications sites $ 151. 7 million.\n purchased remaining 700 communications sites $ 126. 3 million.\n vivo amended agreement acquisition additional 300 communications sites.\n august 31 2012 purchased 192 communications sites $ 32. 7 million."
}
{
    "_id": "dd4c4d522",
    "title": "",
    "text": "24 100 financial condition liquidity capital resources cash flows expenditures primary sources operating activities borrowings.\n cash flows short-term borrowings operating requirements principal interest payments debt dividend payments capital expenditures.\n cash flows.\n $ millions 2010 2008\n operating activities $ 515. 2 $ 559. 7 $ 627. 6\n investing activities -110. 2 110. -581. 4 ( 581. 4 -418. 0 418.\n financing activities -459. 6 ( 459. 100. 8 -205. 5 205. 5\n operating activities 2010 $ 250 million accounts receivable securitization program.\n $ 250 million reduction.\n new accounting guidance $ 250 million increase accounts receivable working capital outflow.\nno accounts receivable sold under securitization program at december 31 2010.\n excluding $ 250 million change accounting cash flows $ 765. 2 million 2010 $ 559. 7 million 2009 $ 627. 6 million 2008.\n improvement due to higher earnings working capital changes offset higher pension funding.\n lower operating cash flows 2009 working capital increases higher pension funding income tax payments payment $ 70 million customer legal settlement.\n.\n consolidated financial statements.\n.\n superior measures.\n.\n presentation earnings.\n available item 8.\n results stock buyback strategic investments debt.\n not defined.\n for discretionary expenditures.\n operating activities less additions property equipment.\n derived from cash statements adjusted for."
}
{
    "_id": "dd4bad842",
    "title": "",
    "text": "entergy texas.\n subsidiaries revenues fuel power expenses regulatory charges base rate increases volume/weather effect.\n expenses demand deferred fuel expense lower refunds average market price natural gas.\n regulatory charges distribution $ 17. 4 million 2007 production cost equalization remedy receipts.\n note 2.\n revenue fuel expenses gas power expenses regulatory charges.\n change net revenue 2010 2009.\n.\n 2009 $ 485.\n wholesale revenue.\n volume/weather.\n rough production cost equalization.\n retail electric price.\n securitization transition charge.\n purchased power capacity.\n.\n 2010 revenue $ 540.\n wholesale increased sales municipal co-op customers new contracts.\n increased electricity usage residential commercial sectors. increase favorable weather.\n electricity usage increased 777 gwh.\nproduction cost equalization variance due additional $ 18. 6 million allocation second quarter 2009 2007 receipts texas retail customers entergy.\n december 2007.\n retail electric price variance due rate actions annual base rate increase $ 59 million august 2010 settlement december 2009 rate case.\n.\n securitization transition charge variance due bonds.\n november 2009 entergy texas restoration funding issued bonds bonds.\n offset increase interest long-term debt no impact net income.\n note 5."
}
{
    "_id": "dd4b92b32",
    "title": "",
    "text": "2008 2007 2006\n average value options $ 18. 47 $ 33. 81 20.\n volatility. 3845. 3677. 3534\n dividend yield 3. 75%. 75 %. 76%. 76 %.\n life options years 6.\n risk-free interest rate 2% 2 % 4% 4 5% 5 %\n black-scholes option valuation model options transferable.\n subjective assumptions price volatility.\n models.\n market value grant.\n total fair value awards 2008 2007 2006 $ 35384 $ 17840 $ 9413.\n stock compensation expense $ 38872 $ 22164 $ 11913. values options december 27 2008 $ 8. 2 million $ 8. 2 million.\n exercised $. 6 million.\nvalue difference company closing stock price last $ 19. 39 december 27 2008 exercise price multiplied options exercised.\n $ 141. 7 million unrecognized compensation cost unvested compensation awards.\n five years.\n.\n 2000000 shares common stock reserved.\n equal 85% fair market value purchase enrollment date.\n.\n 2008 2007 2006 362902 120230 124693 shares purchased price $ 8782  $ 5730 $ 3569 .\n december 27 2008 663679 shares available future issuance.\n.\n earnings per share diluted income share"
}
{
    "_id": "dd4b981e0",
    "title": "",
    "text": "hedged transaction recognized in earnings.\n changes fair value ineffective recognized in earnings.\n foreign currency hedges at december 2012 2011 $ 1. 3 billion $ 1. 7 billion.\n interest rate swaps $ 503 million $ 450 million.\n derivative instruments net earnings income during 2012 2011 2010.\n derivatives designated for hedge accounting.\n note 15 fair value measurements.\n stock-based compensation 2013 cost units measured at grant date estimated fair value.\n over three-year vesting period.\n taxes assess tax filing exposures.\n evaluate tax positions.\n no benefit recorded.\n record largest amount benefit.\n record interest penalties taxes tax expense on statements earnings.\n.\n accumulated comprehensive loss 2013 changes in balance loss postretirement benefit plan adjustments.\n\n balance january 1 2010 $ -8564 ( -8595\n income -430 ( 430 -415\n balance december 31 2010 -8994 ( 8994 -16 -9010\n loss -2192 -2247 ( 2247\n balance december 31 2011 -11186 -71 -11257\n income\n balance december 31 2012 -13532 -13493 (\n postretirement benefit plan adjustments tax benefits december 31 2012 2011 2010 $ 7. 4 billion $ 6. 1 billion $ 4. 9 billion.\n deductions deferred taxes.\n note 7 9.\n january 1 2012 adopted guidance accounting standards income net loss statements.\n results financial position cash flows."
}
{
    "_id": "dd4c1107c",
    "title": "",
    "text": "2019s jpmorgan chase co. annual report $ 57 million 2009.\n decreases cio mort gage banking driven market volatility position changes.\n reduce risk volatility.\n average ib diversification benefit $ 59 million 37% 37 % 2010 $ 82 million 28% 28 % 2009.\n increase diversification benefit 2010 positions correla tions decreased.\n positions market volatility diversification benefits.\n market risk- related revenue change transactions revenue private equity gains investments trading interest income brokerage commissions underwriting fees syndicated lending facilities mortgage fees.\n market risk revenue excludes gains losses.\n gains losses mortgage.\n gains 248 261 days 12 days exceeding $ 210 million.\n losses 95% confidence-level var actual loss.\n2010 losses 13 days none exceeded.\n daily market risk gains losses 95% % confidence december 31 2010 average daily revenue $ 87 million losses table sensitivity one-basis-point increase jpmorgan chase 2019s credit spreads.\n impact-point shift credit curve.\n not actual revenue.\n valuation adjustment 1 point increase december 31 credit spread.\n 2010 $ 35\n 2009 $ 39"
}
{
    "_id": "dd4b962d2",
    "title": "",
    "text": "deferred revenue sanofi-aventis 2019 $ 85. million payment decreased 2010 amendments.\n-aventis $ 30 million manufacturing capacity rensselaer new facilities $ 23. 4 million sanofi-aventis december 31 2010.\n deferred collaboration revenue $ 85. million.\n $ 79. 8 million-aventis deferred recognized future.\n 2008 separate velocigene agreement sanofi-aventis.\n 2010 2009 recognized $ 1. 6 million $ 2. 7 million.\n healthcare collaboration revenue cost sharing regeneron vegf trap-eye expenses performance milestone payments non-refundable $ 75. million payment 2006 $ 20. million milestone payment august 2007.\n collaboration revenue december 31.\n cost-sharing regeneron expenses.\n performance milestone payments.\ndeferred revenue milestone payments.\n bayer healthcare revenue $ 75. $ 67.\n vegf trap-eye development expenses increased 2010 costs phase 3 copernicus trial.\n earned $ 10. million milestone payments positive 52-week 6-month copernicus.\n july 2009 $ 20. million milestone payment first patient copernicus.\n deferred revenue $ 75. million up-front $ 20. million milestone payment $ 47. million deferred recognized revenue.\n licensing revenue velocimmune license agreements astrazeneca astellas $ 20. million payments deferred recognized revenue.\n 2010 recognized $ 40. million revenue.\n astellas $ 165. million up-front payment deferred recognized seven-year period.\n $ 176. 6 million deferred.\n $ 25. 3 million $ 18.4 million arcalyst ae sales right return rebates estimated.\n limited return experience 2008 2009 sales deferred until right return rebates estimated.\n first quarter 2010 company determined"
}
{
    "_id": "dd4bab1f0",
    "title": "",
    "text": "matter cash flows results operations.\n.\n vote security holders november 14 2008 stockholders approve merger allied waste industries.\n special meeting.\n results voting.\n affirmative abstentions\n issue shares republic common stock securities convertible exercisable agreement plan merger june 22 2008 subsidiary. 141728743 297976\n adjourn meeting solicit additional proxies 134081897 8068370\n issue shares republic common stock securities convertible exercisable agreement plan merger june 22 2008 subsidiary waste industries.\n.\n.\n adjourn special meeting solicit additional proxies proposal.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n8068370 32617 p14076 035000000/28/2009 17:08 valid graphics"
}
{
    "_id": "dd4c397b6",
    "title": "",
    "text": "in people infrastructure presence businesses globally opportunity grow market share.\n enterprise risk management systems data environment research development.\n accounting estimates consolidated financial statements include.\n determined estimates assumptions.\n amounts could differ.\n items estimates unpaid loss expense reserves asbestos environmental future policy benefits reserves valuation value business amortization deferred policy acquisition costs assessment risk transfer insurance reinsurance contracts reinsurance recoverable uncollectible impairments value investment portfolio deferred tax assets derivative instruments guaranteed minimum income benefits goodwill.\n accounting policies.\n discussion estimates assumptions prior development asbestos environmental run-off liabilities reinsurance recoverable investments net realized gains losses income expense items.\nunpaid losses expenses insurance company required by to establish reserves for unpaid ultimate liability policies agreements.\n estimate includes for claims reported unpaid future obligations from additional devel opment.\n reserves provide for liabilities.\n expenses processing settling unpaid claims.\n december 31  2008 gross unpaid reserves $ 37. 2 billion net unpaid $ 24. 2 billion.\n structured settlements loss reserves not discounted time value.\n carry reserves of $ 106 million net discount.\n table roll-forward unpaid losses loss expenses for periods.\n.\n net losses.\n.\n balance at december 31 2006 $ 35517 $ 13509  $ 22008\n losses expenses incurred 10831 7351\npaid -9516 -5934\n exchange 280\n december 31 2007 37112 13520 23592\n 10944 3341\n -9899 -3572 -6327\n foreign exchange revaluation -1367 -387 -980\n acquired 386 353\n balance december 31 2008 37176 12935 24241"
}
{
    "_id": "dd4986424",
    "title": "",
    "text": "mastercard incorporated notes financial statements 2014 june 24 2008 settlement agreement express settlement american express.\n federal antitrust litigation.\n settlement ended litigation.\n obligated make 12 quarterly payments $ 150000 per quarter third quarter 2008.\n maximum payments total $ 1800000.\n contingent american express.\n services business.\n payments equal 15% express.\n billings $ 150000 per quarter.\n payment less 150000 payment increased difference.\n assumes american express financial hurdles.\n recorded present value $ 1800000. 75%. discount rate $ 1649345 year december 31 2008.\n 2003 settlement agreement.\n merchant lawsuit settlement 201d.\n.\n disputes.\n.\n required pay $ 125000 2003 $ 100000 annually 2004 2012.\n2003 lawsuits initiated merchants.\n lawsuit.\n not covered.\n lawsuit settlement individually settled.\n liabilities settlements.\n december 2006.\n balance 31 2006 $ 476915\n litigation settlements 3400\n interest. merchant lawsuit 38046\n payments -113925\n balance december 31 2007 404436\n settlement 862500\n american express settlement 1649345\n settlements 6000\n. 32879\n 44300\n -300000\n -862500. -100000\n payments -662\n balance december 31 2008 $ 1736298\n note 20 legal regulatory proceedings."
}
{
    "_id": "dd4b8f0b8",
    "title": "",
    "text": "stock awards recognized accelerated amortization method vesting tranche separate date estimated value.\n compensation expense adjusted forfeitures.\n recognized straight-line service period.\n statements administrative expenses.\n adopted improvements employee share payment accounting forfeitures.\n modified retrospective transition method adjustment earnings no effect financial position reversal forfeitures.\n total compensation expense plan $ 10. 8 million $ 12. 2 million $ 6. 9 million 2017 2016 2015.\n capitalized $. 2 million.\n unrecognized compensation expense $ 14. million.\n recognized remaining 1. 2 years.\n cash paid settlement plan shares $ 4. 8 million $ 2. million $ 1. million 2016 2015.\n grants stock plan.\nstock earned service performance market 1 to 5 years.\n service awards earned employed valued market price.\n reaches stock price return monte carlo simulation.\n performance operational goals valued market price probability.\n remeasures value adjustments until settled final compensation.\n average grant fair value per share restricted stock awards 2015 $ 84. 53 $ 73. $ 68. 35 .\n key assumptions valuation calculations awards.\n risk free rate. 65% (. 65 % ) 1. 57%. 57 %. 49%. 49 % ). 27%. 27 %. 10% (. 10 % ). 05%. 05 %\n dividend yield 3. 573% ( 3. 573 %. 634%. 634 %. 932% ( 3. 932 %\n 20. 43%.43 % 21. 85%. 85 % 18. 41%. 41 % 19. 45%. 45 % 15. 41%. 41 % 16. 04%. 04 %\n requisite service period 3 years\n risk free rate zero coupon.\n minimum. 25 years 2017 2016 2015.\n maximum 3 years.\n dividend yield closing stock price.\n volatility historical implied volatility calculations.\n standard deviation daily returns trailing month average.\n minimum volatility 3 2 1 year 2017 2016 2015.\n maximum 1 year 1 year 2 years 2017 2016 2015.\n requisite service period programs."
}
{
    "_id": "dd4ba043a",
    "title": "",
    "text": "2006 repurchased 19 million shares common stock $ 892 million $ 7 million settled.\n 2005 repurchased 17 million $ 771 million.\n 146 million shares treasury may 28 2006.\n used cash $ 189 million debt.\n repaid $ 2. billion debt $ million 6 percent notes 2012.\n debt repurchase costs $ 137 million $ 73 million noncash interest rate swap losses $ 59 million purchase premium $ 5 million noncash unamortized cost issuance expense.\n.\n $ 2. 1 billion long-term debt maturing 12 months $ 131 million 2007.\n cash flows short debt financing liquidity capital needs 12 months.\n 2005 repurchased zero coupon convertible debentures price $ 1.33 billion $ 77 million original issue discount.\n debentures maturity $ 1. 86 billion.\n no gain loss repurchase.\n may 28 2006 $ 371 million principal amount $ 268 million accreted value.\n used proceeds commercial paper purchase price.\n reclassified remaining zero coupon convertible debentures long-term debt 2008.\n march 23 2005 cash tender offer 6 percent notes due 2012.\n $ 500 million.\n purchased additional $ 260 million.\n debt repurchase costs.\n minority interests subsidiaries.\n general mills cereals assets property big g cereals soups products.\n 2002 sold 150000 interests $ 150 million october 2004 835000 b-1 interests $ 835 million.\n.\n 2003 mills.\ngm capital subsidiary purchasing collecting receivables sold $ 150 million stock third-party investor.\n interests receive quarterly distributions equal three- month libor plus 90 points divided by 0. 965.\n rate adjusted agreement investor gmc every five years june 2007.\n gmc bankruptcy failure distributions portfolio requirements breaches covenants lowering senior debt rating failed attempt remarket.\n liquidation member current capital account balance.\n managing member avoid liquidation option purchase interests.\n interests receive quarterly distributions fixed rate 4. 5 percent per year october 2007.\n managing member repurchase b-1 interests equal current capital account balance plus make-whole amount.\n not required purchase interests.\nseries b-1 interests exchanged shares stock senior unsecured debt rating below ba3 bb- standard fitch."
}
{
    "_id": "dd4bda464",
    "title": "",
    "text": "aon european subsidiaries a650 million.\n $ 942 million multi-currency revolving loan facility.\n october 2010.\n commitment fees. payable unused portion.\n borrowed a376 million $ 250 million.\n a307 million borrowed.\n 250 million short-term debt.\n guaranteed obligations subsidiaries.\n maintains $ 600 million 5-year.\n credit facility expires february 2010.\n permits $ 150 million letters credit.\n $ 20 million letters credit.\n commitment fees 10 payable unused portion.\n.\n consolidated net worth $ 2. 5 billion 4 to 1 debt to ebitda 3 to 1.\n foreign facilities. million $ 74 a25 a20 million $ 29 million.\n not redeemable.\n no sinking fund provisions.\n interest payable semi-annually securities.\nlong-term debt $ 548 382 million 225 million 2010 2011 2012.\n.\n years 31 2007 2006\n interest paid millions $\n interest rates 2014 short-term borrowings. 1%. 4%. 5%.\n noncancelable leases office space equipment automobiles.\n expire renewal expansion options.\n rent escalations real estate taxes.\n 81% lease obligations office space.\n expense leases $ million $ 350 million $ 337 million 2007 2006 2005 subleases 40 33 29 million.\n"
}
{
    "_id": "dd4bc5e74",
    "title": "",
    "text": "edwards lifesciences consolidated financial statements.\n employee benefit plans equity debt securities valued market prices.\n insurance contracts valued cash surrender value.\n benefit payments future service december 31 2016 millions.\n 2017.\n 2018.\n 2019.\n 2020.\n 2021.\n 2021-2025.\n december 31 2016 employer contributions 2017 $ 6. 1 million.\n employees united states puerto rico participate plan.\n contribute 25% 25 compensation.\n lifesciences matches first 3% annual compensation.\n 2% 2.\n puerto rico contribute 25% 25 compensation.\n first 4% compensation.\n 2% 2 profit sharing contribution earnings employee.\n matching contributions $ 17. 3 million $ 15. 3 million $ 12. 8 million 2016 2015 2014.\ncompany has nonqualified deferred compensation plans employees.\n compensation future return based investment alternatives.\n accrued $ 46. million $ 35. 5 million at december 31 2016 2015.\n.\n repurchase program $ 750. million.\n 2016 new repurchase program additional $ 1. billion.\n expiration.\n offset obligations benefit programs acquisitions shares.\n 2016 2014 repurchased 7. million shares cost $ 662. 3 million $ 280. million $ 300. 9 million"
}
{
    "_id": "dd4bc0190",
    "title": "",
    "text": "costs $ 76 recovered surcharge-year 2012.\n surcharges collected 2015 2014 $ 4 $ 5 .\n costs $ 34  recovered contributions california state coastal conservancy.\n contributions collected 2014 $ 8 $ 5.\n regulatory balancing accounts accumulate differences.\n low income programs purchased power water accounts.\n debt expense amortized.\n redemption long- term debt unamortized debt deferred amortized future service rates.\n purchase premium recoverable acquisition premiums 2007 jersey.\n amortized depreciation 2048.\n tank painting costs deferred amortized operations maintenance expense five fifteen years regulatory authorities.\n deferred business transformation costs construction property tax stabilization employee coastal water environmental remediation costs.\n deferred.\nregulatory liabilities represent future reductions revenues credited rate-making.\n table summarizes liabilities december 31.\n removal costs recovered rates $ 311 $ 301\n pension postretirement accounts 59 54\n 32 37\n regulatory liabilities $ 402 $ 392\n costs assets.\n december 2008 subsidiary jersey $ 48 balance depreciation amortization expense through november 2048.\n accounts difference costs incurred authorized refunded."
}
{
    "_id": "dd4c4f7aa",
    "title": "",
    "text": "compares shareholder return common stock standard 500 composite stock index industrials 2012 2017 closing price common stock $ 43.\n assumes investments $ 100 31 2012 common stock indices reinvestment dividends.\n value $ 100 investment 2012 common stock s&p 500 industrials index consumer durables apparel index reinvestment dividends.\n 138. 155. 200. 227. 318.\n s&p 500 index $ 132. 149. 151. 169. 206.\n s&p industrials index $ 140. 153. 149. 177. 214.\n&p consumer durables apparel index $ 135. 148. 147. 138. 164.\n 50. 100. 150. 200. 250. 300. 350.&p 500 index industrials index consumer durables apparel"
}
{
    "_id": "dd4c49bca",
    "title": "",
    "text": "franchise tax provisions contracts included administrative expenses.\n deferred income taxes recorded revenues expenses recognized different periods financial.\n deferred tax balances calculated using current tax laws rates.\n realizability tax need valuation allowances evaluated stand-alone tax attributes valuation allowances $ 21 million $ 18 million necessary as december 31 2012 2011.\n uncertain tax positions-likely recognition threshold recognized in financial statements.\n tax benefit greater 50% settlement.\n position threshold penalties expense penalty.\n penalties recognized tax expense.\n accrued interest related uncertain tax positions.\n determined by tax law.\n.\n changes accruals uncertainties recorded in earnings.\n cash fair value short-term 90 days.\naccounts receivable include billed due estimated contract change amounts equitable adjustment retained pending completion.\n inventoried costs relate contracts labor percentage-of-completion.\n accumulated contract costs less sales.\n include production costs factory engineering overhead tooling administrative expenses.\n.\n customer asserts title in inventories performance progress payments.\n costs current asset include production cycles longer one year.\n company owned raw materials lower cost average cost method.\n property equipment depreciable recorded cost depreciated over useful lives.\n costs computer software amortized over useful life nine years.\n leasehold improvements amortized over shorter useful lives.\n remaining assets depreciated straight-line method.\n land improvements\n buildings improvements\nsoftware costs 3 9\n machinery equipment 45\n company evaluates recoverability property plant equipment economic objectives.\n include future cash flows profitability factors fair value.\n record impairment charges."
}
{
    "_id": "dd4c12896",
    "title": "",
    "text": "table displays expected benefit payments years thousands.\n 2007 $ 117\n 2008 140\n 2009 203\n 2010 263\n 2011 328\n 5 years 2731\n.\n.\n bermuda law group prohibited declaring paying dividend if value assets less than value liabilities issued share capital.\n ability pay dividends operating expenses dependent upon dividends subsidiaries.\n payment dividends subsidiaries limited under bermuda law laws.\n.\n limitations based upon net income compliance policyholders surplus solvency margin liquidity ratio requirements.\n prohibited from declaring dividend if fails meet minimum solvency margin liquidity ratio.\n unable to declare pay dividend policyholder unless value assets long-term business fund exceeds liabilities $ 250000 minimum solvency margin.\napproval bermuda monetary authority required if dividend payments reduce prior year-end capital 15.\n delaware law insurance company pay dividends without notice insurance commissioner if proposed dividend exceeds 10% statutory surplus or net income capital gains.\n no dividend paid unassigned earned surplus.\n 2006 everest re had $ 270. 4 million available dividends 2007 without regulatory approval.\n.\n re prepares statements practices national association insurance commissioners delaware insurance department.\n.\n capital statutory surplus $ 2704. 1 million and $ 2327. 6 million at december 31  2006 2005.\n net income $ 298. 7 million net loss $ 26. 9 million 2005 net income $ 175. 8 million 2004.\nbermuda re prepares financial statements accounting principles insurance act 1978 regulations.\n capital surplus $ 1893. 9 million $ 1522. 5 million at december 2006 2005.\n net income $ 409. 8 million 2006 loss $ 220. 5 million 2005 net income $ 248. 7 million 2004.\n.\n involved in lawsuits arbitrations dispute resolution procedures rights obligations under insurance reinsur- ance agreements.\n rights funds.\n attempts.\n disputes arise addressed resolved through informal means negotiated resolution arbitration litigation.\n"
}
{
    "_id": "dd4c248b6",
    "title": "",
    "text": "entergy louisiana subsidiaries income decreased $ 305. 7 million tax cuts jobs act $ 182. 6 million income settlement 2010-2011 $ 136. million reduction tax.\n higher operation maintenance expenses.\n offset higher net revenue income.\n note 3.\n 2016 2015 income increased $ 175. 4 million settlement $ 136. 1 million reduction tax expense.\n lower operation expenses higher net revenue higher income.\n offset depreciation amortization expenses interest expense nuclear refueling outage expenses.\n.\n revenue 2017 fuel gas power expenses regulatory charges.\n analysis change net revenue 2017 2016.\n.\n net revenue $ 2438.\n regulatory credit reduction corporate income tax rate.\n retail electric price.\n louisiana act financing savings obligation.\n.\n.\n 2017 revenue $ 2560.\n federal corporate income tax rate vidalia power agreement $ 30. 5 million louisiana act 55 liabilities 25 million tax cuts jobs act income tax rate 35% 21%.\n note 3 financial statements."
}
{
    "_id": "dd4b9c02e",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries revenues equities $ 6. 60 billion 4% lower than 2016 due lower commissions fees cash equity volumes.\n market volumes.\n.\n revenues equities lower higher cash products.\n securities services unchanged.\n operating expenses $ 9. 69 billion 2017 decreased compensation benefits expenses increased technology expenses increased consulting costs.\n pre-tax earnings $ 2. 21 billion 54% lower than 2016.\n investing lending.\n longer-term.\n debt securities loans public private equity securities infrastructure real estate.\n.\n unsecured loans digital platform.\n operating results investing lending segment.\n 2018 2017 2016\n equity securities $ 4455 $ 4578 $ 2573\nsecurities loans 3795 2660 1689\n net revenues 8250 7238 4262\n credit losses 674 657 182\n operating expenses 3365 2796 2386\n pre-taxearnings 4211 3785 1694\n.\n private equities performance public equities losses prices.\n loans receivables higher net interest income.\n equity prices revenues.\n higher global equity prices tighter credit spreads.\n gains sales corporate performance.\n.\n revenues investing lending $ 8. 25 billion 14% higher 2017.\n equity securities $ 4. 46 billion 3% lower losses public $ 183 million private equities.\n 60% revenues corporate investments 40% real estate.\n revenues debt securities loans $ 3. 80 billion 43% higher 2017 higher net interest income.\n2018 interest income $ 2. 70 billion $ 1. 80 billion 2017.\n credit losses $ 674 million 657 million impairment $ 130 million secured loan.\n operating expenses $ 3. 37 billion 20% higher consolidated digital compensation benefits.\n pre-tax earnings $ 4. 21 billion higher.\n revenues investing lending $ 7. 24 billion 70% higher.\n equity securities $ 4. 58 billion higher private equities $ 3. 82 billion.\n public equities $ 762 million.\n 64% revenues corporate 36% real estate.\n debt securities loans $ 2. 66 billion 57% higher 2016 higher interest income $ 1. 80 billion.\n"
}
{
    "_id": "dd4ba73ca",
    "title": "",
    "text": "refining wholesale marketing gross margin difference prices refined products costs crude oil blendstocks purchased products manufacturing expenses depreciation.\n crack spread difference market prices refined products crude oil indicator impact price refining margin.\n crack spreads fluctuate crude.\n calculate midwest chicago.\n gulf coast crack spreads.\n light louisiana sweet prices 6-3-2-1 ratio 6 barrels crude oil 3 barrels gasoline 2 barrels distillate 1 barrel residual fuel.\n table average crack spreads quarter midwest chicago gulf coast markets 2008.\n spreads per barrel.\n 6-3-2-1. 71. 81. 31.\n gulf coast 6-3-2-1. 39. 32.\nmarket changes refining wholesale marketing gross margin impacted by crude oil selling prices refined products commodity derivative instruments cost products resale.\n process sour crude oil profitability.\n impacted manufacturing costs maintenance price natural gas.\n 2008 margin 43 percent decrease rm&t income.\n average margin per gallon decreased 37 percent 11. 66 cents 2008 from. 48 cents 2007 due crude oil prices lagging wholesale price realizations.\n retail marketing gross margin gasoline distillates impacts&t profitability.\n demand local competition seasonal demand fluctuations wholesale supply economic activity weather conditions demand.\n 2008 demand retail petroleum prices slowdown activity.\n gross margin merchandise retail constant.\n profitability pipeline transportation on volumes crude oil refined products.\nvolume crude oil affected supply refiner demand markets pipelines.\n key factors production levels alternative transportation refinery maintenance.\n refined products affected production demand.\n gasoline summer declines fall winter distillate demand ratable.\n transportation alternatives system maintenance influence product movements.\n integrated gas stranded natural gas resources supply gap declining production demand.\n operations include marketing transportation products natural gas methanol. west africa.\n investment 60 percent ownership production facility equatorial guinea sells lng prices natural gas prices.\n"
}
{
    "_id": "dd4c5d80a",
    "title": "",
    "text": "comcast corporation changes net deferred tax liability 2015 related decreases $ 28 million income $ 132 million acquisitions.\n tax liability includes $ 23 billion cable franchise rights unchanged unless impairment.\n federal loss carryforwards $ 135 million state loss carryforwards through 2035.\n foreign net loss carryforwards $ 700 million operations nbcuni- versal expire through 2025.\n subsidiaries taxable income percentages state laws.\n valuation allowance deferred tax asset not realized.\n related state foreign loss carryforwards.\n uncertain tax positions totaled $ 1. 1 billion federal benefits state tax positions.\n $ 220 million nbcuniversal.\n tax benefit $ 592 million impact tax rate remaining deferred income tax liability.\nrecognition tax benefit tax filings expiration statutes limitations.\n 2014 reduced accruals tax positions income tax expense decreased $ 759 million.\n tax contests 12 months tax rate.\n unrecognized tax benefits.\n 2015 2014 2013\n balance january 1 $ 1171 $ 1701 $ 1573\n additions positions current 67\n prior years\n additions acquired subsidiaries 2014 268\n reductions prior years -84\n reductions statutes limitations\n settlements tax authorities\n balance december 31 $ 1136 $ 1171 $ 1701\n 2014 accrued interest positions $ 510 million $ 452 million.\n $ 49 million $ 44 million related positions nbcuniversal indemnified.\n irs income tax returns 2013.\n states examining 2000.\n tax years examination.\n 2015 annual report"
}
{
    "_id": "dd4c06532",
    "title": "",
    "text": "returned assets service.\n 2010 storage 17% multiple purpose locomotives 14% 14 % freight car inventory assets.\n 2022 fuel prices 2013 prices increased economy improved.\n average diesel fuel price per gallon increased 20% january to december 2010 higher crude oil prices conversion spreads.\n diesel fuel price gallon increased 31% 31 % operating expenses $ million.\n reduced consumption rate 3% saving 27 million gallons fuel.\n newer fuel efficient locomotives distributed locomotive power fuel conservation programs efficient network operations asset utilization.\n 2022 free cash flow 2013 $ 4. 5 billion record free cash flow $ 1. 4 billion 2010.\n cash flow less investing dividends.\n not financial measure accounting.\n.\n flow important financial performance cash financings.\n.\ntable reconciles cash operating activities free cash flow millions.\n operating activities $ 4105 $ 3204 $ 4044\n receivables securitization facility\n 4505 3388 4060\n investing activities -2488 2488 2145 -2738 2738\n dividends -544 -481\n free cash flow $ 1415 $ 699  $ 841\n january 1 2010 new accounting standard receivables transferred facility secured borrowings financing activities.\n securitization facility free cash flow calculation.\n safe railroad benefits employees customers shareholders public.\n multi approach safety technology risk assessment quality control training.\n implementing total safety culture.\n safe practices.\n best practices operational safety.\ngrade crossing incidents safety continue maintain crossings install video cameras educate safety programs industry programs communities.\n 2022 transportation plan 2013 traffic network patterns simplify operations variability improve efficiency asset utilization.\n adjust manpower locomotive rail fleets customer needs"
}
{
    "_id": "dd4b9f918",
    "title": "",
    "text": "graph shows five-year comparison shareholder return common stock s&p smallcap 600 s&p 600 electrical equipment index published indices.\n return 2002 2007 $ 100 invested reinvestment dividends returns.\n/31/02\n 100. 132. 115. 138. 150. 142.\n smallcap 600 index. 138. 170. 183. 211. 210.\n&p 600 electrical equipment. 126. 152. 169. 228. 253.\n/31/02 s&p smallcap 600 electrical equipment"
}
{
    "_id": "dd4977f8c",
    "title": "",
    "text": "unrealized losses securities december 31:.\n millions 2009 2008\n fair value $ 72699 $ 54163\n amortized cost 74843 60786\n loss pre-tax $ -2144 ( 2144 $ -6623\n loss after-tax $ -1316 $\n 2009 2008 excluded loss $ 1. 01 billion $ 635 million after-tax $ 2. 27 billion $ 1. 39 billion after tax reclassifications.\n recorded income.\n decline after-tax loss transferred securities amortization losses other-than-temporary impairment.\n reviews-temporary impairment.\n credit non-credit component.\n recognized income.\n assessment-temporary impairment economic security- specific factors.\n estimates market conditions security-specific performance.\nmarket conditions worse management expectations other-temporary impairment could increase credit component recognized in consolidated statement income.\n national housing prices declined 30%-to.\n estimates prices second half 2010 peak-to-trough price decline 37%.\n increase default estimates to 110% prepayment speeds to 90% credit-related-temporary impairment increase $ 120 million to $ 125 million recorded in consolidated statement income.\n decline fair value remaining securities net unrealized losses temporary not changes credit characteristics.\n information note 3 financial statements."
}
{
    "_id": "dd4b8cbc4",
    "title": "",
    "text": "polyplastics.\n leading supplier engineered plastics asia-pacific venture daicel chemical industries. subsidiary.\n producer marketer pom lcp production japan taiwan malaysia china.\n fortron industries.\n producer polyphenylene sulfide brand automotive applications heat chemical resistance.\n limited liability ticona fortron.\n kureha corporation.\n facility wilmington north carolina.\n combines sales marketing distribution compounding manufacturing pps polymer kureha.\n.\n ownership three acetate production ventures nantong cellulose fibers.\n.\n 31% 31 % kunming cellulose fibers.\n.\n zhuhai cellulose fibers.\n.\n 30% %.\n china national tobacco corporation.\n fund cash dividend second quarter performance.\n2012 2011 2010 received cash dividends $ 83 million $ 78 million $ 71 million.\n 2012 nantong facility acetate flake tow capacity 30000 tons.\n contributions $ 29 million three years capacity expansion.\n similar expansions led earnings growth increased dividends.\n euromonitor estimated 42% share world 2011 cigarette consumption fastest growing growth rate 3. 5%. per year 2011 2016.\n ventures leader chinese domestic acetate production positioned supply chinese cigarette producers.\n ownership interest china acetate ventures exceeds 20% cost method accounting local government investment financial information.\n.\n indirect ownership interests german infraserv groups industrial support.\n ownership equity investments ventures december 31 2012.\n.\n.\n.\nmaterials energy purchase from countries production processes.\n policy multiple sources supply.\n plants may have single sources carbon monoxide steam acetaldehyde.\n sufficient no assurance unforeseen developments affect material supply.\n no assurance make up loss of major supplier.\n possible profitability qualify additional sources loss sole supplier.\n price raw materials varies year to year."
}
{
    "_id": "dd4c544d0",
    "title": "",
    "text": "changes 2008 unrecognized tax benefits.\n balance december 1 2007 201808\n increases 2013 14009\n increases 11350\n settlements -81213\n statute limitations\n foreign exchange gains losses\n balance november 28 2008 139549\n liability unrecognized tax benefits november $ 139. 5 million exclusive interest penalties.\n recognized estimated $ 12. 9 million tax returns $ 57. 7 million decrease tax rate $ 68. 9 million goodwill.\n combined accrued interest penalties $ 15. 3 million.\n tax returns.\n federal.\n jurisdictions.\n continual examination authorities.\n major tax jurisdictions. ireland california.\n. earliest fiscal years examination 2001 2002 2005.\n.\n tax examination 2001 2004.\naccrued tax interest $ 100. 0 million reported long-term income taxes.\n approval repatriate foreign earnings tax-free long-term deferred income tax liability $ 57. 8 million.\n liabilities decreased $ 157. 8 million.\n august 2008 paid $ 80. 0 million credited-capital $ 41. 3 million tax stock option deductions deferred tax assets adjustments tax balances $ 15. 8 million.\n net income tax benefit third quarter 2008 $ 20. 7 million.\n accounting treatment unrecognized tax benefits acquired companies sfas 141r effective.\n first quarter fiscal year 2010.\n changes tax benefits recorded income tax expense.\n timing resolution income tax examinations uncertain amounts paid differ.\n 12 estimate timing tax benefits.\nexpect settlements 2009 uncertain."
}
{
    "_id": "dd4ba981e",
    "title": "",
    "text": "stock compensation plans employees directors receive stock options nonvested shares stock units.\n awards.\n treasury shares option exercises stock unit vestings new shares retention shares.\n adopted statement.\n-based payment january 1 2006.\n compensation expense stock-based awards.\n fair value grant date expensed service period.\n fair value retention awards stock price grant stock options black-scholes option pricing model.\n modified prospective transition method restate results prior periods.\n cumulative effect forfeitures.\n recognized expense stock options 2006.\n compensation expense december 31 2006 $ 22 million after tax $. per share.\n 9 million stock options $ 13 million retention awards.\n 14 million 21 million.\n $ 29 million excess tax benefits financing cash.\nadoption fas 123 applied principles accounting opinion.\n stock employees.\n stock employee compensation expense stock option grants reflected net income options price equal market value common stock.\n stock compensation expense retention shares stock units incentive plans net income.\n table effect net income earnings share expense stock-based awards options years december 31 2005 2004 fair value method fasb statement.\n stock-based compensation.\n expense 2005 2004.\n net income $ 1026 $ 604\n compensation expense net income tax\n compensation expense fair value method\n income $ 989 $ 582\n earnings per share 2013 $ 3. 89 $ 2.\n.\n.\n.\n stock options executives granted 2003 2002 reload feature.\nreload allowed executives exercise options union pacific corporation new grant options withheld tax.\n option grants exercised"
}
{
    "_id": "dd4b8ae64",
    "title": "",
    "text": "ii issued $ 500 million 2. 25%. fixed annual interest rate mature may 1 2023.\n 2043 senior notes issued $ 500 million 3. 625%. interest rate mature may 1 2043.\n payable semi-annually may 1 november 1.\n gross proceeds $ 998 million.\n november 1 2011 credit facility agreement banks $ 1 billion borrowings option increase $ 1. 5 billion.\n facility matures november 1  2017.\n may 31 2015 2014 no outstanding.\n long-term debt ratings aa- a1.\n ratings decline facility fee interest rate.\n fee interest rate.\n maturity.\n covenants.\n limits disposal fixed assets debt secured liens minimum capitalization ratio.\n borrowings waiver immediately due payable.\nmay 31 2015 compliance covenants unlikely.\n liquidity $ 1 billion commercial paper program.\n issue paper no outstanding borrowings.\n may issue commercial paper 2016.\n short-term debt ratings a1+ p1 investor services.\n cash equivalents short-term investments $ 5. 9 billion $ 4. 2 billion foreign subsidiaries.\n $ 968 million cash collateral hedging.\n deposits banks money market funds commercial paper corporate notes.\n treasury obligations.\n government obligations investment grade fixed income securities.\n credit interest rate risk.\n.\n average duration 79 days.\n difficulty accessing credit markets higher interest costs.\n future volatility may increase costs commercial paper affect.\nbelieve existing cash equivalents short investments operations access external sources funds meet domestic foreign capital needs.\n utilize tax planning financing strategies manage worldwide cash deploy funds.\n repatriate foreign earnings.\n taxes provided.\n indefinitely reinvest portion earnings current plans need repatriate.\n require additional capital repatriate reinvested funds raise capital debt.\n pay additional.\n taxes less tax credits.\n raise capital debt incur additional interest expense.\n provide indemnification intellectual property rights legal issues.\n agreements.\n experience loss fair value indemnification not material financial position results operations.\n obligations long-term obligations as may 31 2015 endorsement contracts marketing commitments.\n description commitment 2016 2017 2018 2019 2020\n\n operating leases $ 447 $ 423 $ 371 $ 311 $ 268 $ 1154 $ 2974\n capital leases 2014\n long-term debt 142  77  55  36 1451 1797\n endorsement contracts 1009  919  882  706  533  2143 6192\n product purchase obligations 3735\n 343  152  75  72  36  92  770\n $ 5678  $ 1573 $ 1384 $ 1125 873 4840 15473\n cash payments long-term debt estimated interest payments.\n principal amounts term debt obligations.\n endorsement contracts base compensation royalty fees.\n payments achievements.\n performance.\ncash payments obligated furnish endorsers nike product.\n not possible determine contracts stipulate specific cash.\n product on factors playing conditions sporting events decisions product marketing initiatives.\n costs to design develop source purchase products incurred over not tracked separately from."
}
{
    "_id": "dd4bad72a",
    "title": "",
    "text": "berths 2011.\n 10 ships 34000 berths north american cruise market 2012 2016.\n cruising smaller growing sector vacation industry.\n annual growth rate guests 9. 6%. 2007 2011 growth poten.\n europe served 104 ships 100000 berths 2007 121 ships 155000 berths 2011.\n 10 ships 28000 berths expected european cruise market 2012 2016.\n table growth global north american european cruise markets guests estimated weighted-average berths five years global cruise guests north american cruise guests european cruise guests.\n global northamericancruiseguests europeancruiseguests\n 2007 16586000 327000\n 2008 17184000 347000\n2009 17340000 363000 10198000 222000 5000000 131000\n 2010 18800000 391000 10781000 232000 5540000 143000\n 2011 20227000 412000 11625000 245000 5894000 149000\n estimates global cruise guests weighted-average supply berths north america seatrade insider cruise line international association.\n estimates statistical analysis.\n cruise line international association guests two nights 2007 2010.\n estimates.\n european cruise council 2007 2010.\n.\n asia/pacific region higher growth small sector.\n compete cruise lines competitors carnival corporation plc aida carnival costa cunard line holland america iberocruceros p&o princess disney msc oceania.\n compete hotels sightseeing destinations.\n demand political economic conditions.\n consumer spending.\noperating strategies protect environment serve global guest base grow business enhance revenues expand diversify guest mix sourcing ensure cash liquidity maximizing return capital shareholder value brands revitalization ships transfer innovations fleet new cruise ships markets itineraries optimize returns focus markets operations initiatives industry distribution channel consumer outreach."
}
{
    "_id": "dd4c07ed2",
    "title": "",
    "text": "systems financial statements.\n facilities equipment non-cancellable lease 2028.\n land lease expires 2091.\n rent expense rent building expenses utilities taxes insurance equipment rental.\n sublease income 2014 2013 2012.\n rent expense $ 111149 $ 118976 $ 105809\n sublease income\n net rent expense $ 109737 $ 115919 103479\n occupy three office buildings san jose california.\n almaden tower east west towers.\n 2014 $ 143. 2 million.\n investment lease receivable $ 126. 8 million credited against purchase price standby letter credit.\n capitalized towers balance $ 144. 1 million price costs.\n.\n lease agreement through march 2017.\n investors lease receivable $ 80. 4 million investment lease balance sheets.\nnovember 28 2014 lease receivable almaden tower fair value.\n option purchase lease term for $ 103. 6 million.\n investment lease receivable credited against purchase price.\n residual value guarantee almaden tower $ 89. 4 million.\n subject standard covenants financial ratios reported quarterly.\n compliance covenants.\n default equal lease balance remarket relinquish.\n shortfall proceeds lease balance investment.\n almaden tower lease operating lease accounting treatment obligation not included consolidated balance sheets.\n note 16 capital lease obligation.\n unconditional purchase obligations goods services."
}
{
    "_id": "dd4be8866",
    "title": "",
    "text": "page 92 98 item 10 201cdirector nominees directors 201d 201csection 16 beneficial ownership reporting compliance 201d company 2019s proxy statement regulation 14a december 31 2006 incorporated.\n item 11.\n executive compensation compensation incorporated.\n ball corporation 2000 deferred compensation company stock plan deposit share program directors deposit share program encourage executives larger equity ownership increase stock performance.\n non-employee directors participate.\n item 12.\n security ownership beneficial owners management 201cvoting securities principal shareholders proxy statement incorporated.\n securities authorized equity compensation plans.\n plan category number securities outstanding options warrants rights weighted-average exercise price securities future issuance\nequity compensation plans approved 4852978 $ 26. 69 5941210\n not approved 2013\n 4852978 $ 26. 69 5941210\n 13.\n relationships transactions appointment independent accounting firm proxy statement 120 days december 31 2006.\n 14.\n accountant fees services committees board 120 days december 31 2006."
}
{
    "_id": "dd497340a",
    "title": "",
    "text": "stock performance graph 18 securities exchange act 1934 incorporated tractor supply company securities act 1933.\n compares stockholder return common stock december 29 2012 2017 returns s&p 500 s&p retail index.\n assumes $ 100 invested 29 2012 common stock reinvestment dividends.\n historical stock price performance not indicative future performance.\n 12/29/2012/28/2013/27/2014/26/2015/31/2016 12/30/2017\n tractor supply company 100. 174. $ 181. 179. 180.\n. 134. 155. 156. 173. 211.\n&p retail index. 147. 164. 207. 219. $ 286."
}
{
    "_id": "dd4b8f324",
    "title": "",
    "text": "investments in ecommerce technology.\n operating expenses offset by store closures 2016.\n membership income flat 2018 increased $ 1. billion.\n 2018 $ 387 million gain sale suburbia $ 47 million gain land sale recycling membership income sam's club less than 2017.\n $ 535 million gain yihaodian business $ 194 million shopping malls.\n 2018 loss on extinguishment debt$ 3. 1 billion early extinguishment long-term debt higher rate debt.\n effective income tax rate. 4%. 2018. 3%. 2017 2016.\n tax valuation allowances tax laws audits.\n.\n reconciliation.\n tax rates 2018 2017 2016 9 tax cuts jobs act 2017.\n $ 10. 5 billion $ 14. 3 billion consolidated net income 2018 2017 decrease $ 3. 8 billion $.8 billion 2018 2017.\n net income share walmart $ 3. 28 $ 4. 38.\n.\n.\n years 2018 2016\n sales $ 318477 $ 307833\n change 3. 5%. 5 %. 2%. 2. 6%. 6 %\n. 1%. 1 %. 6%. 6 %. 0%\n income $ 17869 17745 19087\n net sales 5. 6%. 6 %. 8%. 8 %. 4%. 4 %\n 4761 square feet\n sales walmart.\n increased $ 10. 6 billion 3. 5%. 5 %. 5 billion. 2 2018 2017.\n increases sales increases sales 2. 1%. 1 %. 6%. 6 %-over growth retail square feet. 7%. 4%. 4 %.\n2018 sales ecommerce acquisitions contributed-over increase.\n gross profit rate decreased 24 increased 24 2017.\n decrease due price investments ecommerce.\n savings merchandise.\n increase profit due improved margin food consumables lower transportation.\n operating expenses sales flat increased 101 2017.\n discontinued real estate projects $ 244 million $ 249 million.\n increase driven wage expense associate wage structure real investments digital retail technology.\n increase expenses offset store closures 2016.\n operating income increased $ 124 million 2018 decreased $ 1. 3 billion 2017."
}
{
    "_id": "dd4b9405e",
    "title": "",
    "text": "graph shows five-year stockholder return common stock 28 2007 2012.\n compared standard 500 stock index rdg semiconductor composite index.\n assumes $ 100 invested october 28 2007 stock reinvestment dividends.\n amounts rounded nearest dollar.\n represents past future.\n 5 year return materials. s&p 500 index semiconductor composite index $ 100 invested 10/28/07 reinvestment dividends.\n month-end.\n mcgraw-hill companies.\n.\n 10/28/2007/26/2008 10/25/2009/31/2010 10/30/2011 10/28/2012\n.\n 500.\n semiconductor composite.\n 2012 board directors declared three quarterly cash dividends $ 0. 09 per share one dividend $. 08 per share.\n2011 board declared three dividends $ 0. 08 one $ 0. 07.\n 2010 three $ 0. 07 one $ 0. 06.\n dividends 2012 2011 2010 $ 438 million $ 408 million $ 361 million.\n dividends financial condition capital requirements business conditions stockholders.\n 10/28/07 10/26/08 10/25/09 10/31/10 10/30/11 10/28/12.\n s&p 500 rdg semiconductor composite"
}
{
    "_id": "dd4bc9966",
    "title": "",
    "text": "tower corporation subsidiaries financial statements 2014 stock-based compensation complies.\n 148 amendment.\n 123 201d transition guidance accounting provisions.\n.\n accounting principles.\n.\n equity grants awards adopted disclosure-only provisions.\n 148.\n.\n recognizes compensation expense excess quoted stock price grant date stock.\n stock option plans note 13.\n december 2004 issued.\n 123r 201cshare-based payment 201d.\n.\n effect net loss per share fair value recognition provisions.\n 123 stock-based compensation.\n estimated fair value option calculated black-scholes option-pricing model.\n 2003\n net loss $ -247587 ( $ -325321 -1163540\n stock-based employee compensation expense tax effect net loss\nstock-based employee compensation expense fair value -23906 ( 23906 ) -31156 -38126 ( 38126 )\n net loss -354400 -1201666\n net loss per share -1. 10. -1. 56. -5. 95 (.\n -1. 20. -1. 70. -6. 15 ( 6.\n 31 2004 2003 company modified option awards accelerate vesting recorded charges $ 3. million $ 2. 3 million  increases capital financial statements.\n approximate 2004 2003.\n $ 3. 3 billion $ 3. 6 billion.\n 2003 $ 3. 4 billion 3. 6 billion.\n based quoted market prices.\n 401 ( k ) plan employees.\n company matching contribution prior june 30 2004 35% ( 5% contributions.\njuly 1 2004 plan amended company match 50% 6% contributions.\n contributed $ 533000 825000 979000 years 2004 2003 2002.\n fasb issued sfas.\n 123r revision.\n compensation supersedes apb.\n"
}
{
    "_id": "dd4b99900",
    "title": "",
    "text": ".\n 2019s common equity stockholder matters issuer purchases listed new york stock exchange. february 19 2019 473 holders.\n beneficial owners.\n five year returns teleflex common stock s&p 500 stock index&p 500 healthcare equipment supply index.\n changes $ 100 invested teleflex stock 2013 dividends reinvested.\n performance.\n 2013 2014 2015 2016 2017 2018\n teleflex incorporated 124 143 177 275 288\n s&p 500 index 114 115 129 157\n s&p 500 healthcare equipment supply index 134 142 186\n"
}
{
    "_id": "dd4976808",
    "title": "",
    "text": "2014 benefit plans pension plans employees united states international locations.\n postretirement healthcare life insurance benefits domestic retirees international countries.\n measurement date benefit plans september 30.\n january 1 2018.\n pension plan frozen participation employees hired re-hired net pension cost years september 30.\n plans 2018 2017 2016\n service cost $ 136 $ 110 $\n interest cost\n return assets -154 -112 -109\n amortization service credit\n loss 78\n settlements\n net pension cost $ 137 $ 138 $\n $ 34 43\n amortization service credit loss reclassifications credits actuarial losses.\n settlement losses 2018 2016 lump sum benefit payments.\n supplemental pension plan.\n pension settlements exceed service interest cost net pension cost."
}
{
    "_id": "dd4b94720",
    "title": "",
    "text": "devon energy corporation subsidiaries financial statements 2013 reserves changes reserves 2012.\n.\n reserves december 31 2011 403  379 782\n extensions discoveries\n revisions due prices -47\n other price -6\n conversion reserves -73 -90\n reserves december 31 2012 407 433 840\n devon 840 reserves.\n 7 percent increase 2011 28 percent reserves.\n drilling development activities increased reserves 203 90 12 percent 2011 reserves reserves.\n costs development conversion $ 1. 3 billion 2012.\n revisions other price decreased reserves 16 evaluation.\n onshore dry-gas areas.\n revisions areas carthage east texas barnett shale north texas.\n jackfish operations.\n2012 2011 devon 2019s jackfish undeveloped reserves 429 367 mmboe.\n development schedules controlled processing plants 35000 barrel capacity.\n steam capacity-oil ratios air quality.\n reserves undeveloped five years.\n development schedule extends 2031.\n reserves decreased 171 mmboe lower gas prices.\n 100 barnett shale 25 rocky mountain area.\n 2011 decreased 21 lower gas higher oil prices.\n burden reduced reserves.\n 2010 reserves increased 72 mmboe gas prices.\n.\n 43 barnett shale 22 rocky mountain area.\n dry gas regions.\n drilling development barnett shale."
}
{
    "_id": "dd4ba9314",
    "title": "",
    "text": "credit risk accounting loss recognized reporting if counterparties perform.\n company believes losses remote.\n principal financial instruments cash equivalents maintains cash deposits with major banks exceed insured limits.\n loss minimal.\n investment policy limits exposure credit risk market conditions.\n receivable diverse limits risk.\n allowance doubtful accounts losses.\n foreign currency interest rate contracts derivatives limited by internal policies monitoring counterparty risks.\n uses international banks financial institutions counterparties.\n nonperformance.\n cash equivalents highly-liquid investments maturity three months or less.\n receivable carried.\n recorded invoiced amount interest.\n estimates balance accounts write-off collection trend rates.\n balances circumstances credit conditions.\n balances charged off against allowance.\ncompany allowance doubtful accounts return products credits $ 15 million 2015 2014 $ 14 million 2013.\n returns credit activity recorded sales.\n table.\n 2015 2014\n beginning balance $ 77 $ 81 $\n bad debt expense\n write-offs\n ending balance $ 75 $ 77 $ 81\n currency translations allowance returns credits.\n inventory valuations valued lower cost market.\n.\n costs determined first.\n 39% 39 % 37% 37 % consolidated inventories december 2015 2014.\n legacy.\n.\n inventory costs determined average cost first-in-out methods.\n quarter improved estimates inventory reserves product costing net pre-tax charge $ 6 million.\n $. million inventory reserve calculations offset gain $ 14.5 million components inventory.\n note 3."
}
{
    "_id": "dd4c254aa",
    "title": "",
    "text": "entergy corporation utility companies system energy entergy wholesale commodities 2010 integrated non-utility nuclear-nuclear wholesale assets wholesale commodities.\n ownership operation six nuclear power plants five northeast united states sixth michigan selling electric power wholesale customers.\n 2019 revenues from sales energy generation capacity.\n provides operations management services decommissioning services nuclear power plants.\n ownership ventures non-nuclear power plants sale electric power.\n nuclear power plants location capacity reactor type license expiration.\n licenseexpirationdate\n pilgrim 1972 688 mw boiling water\n 1975. 838 mw water\n 1976. 1041 mw pressurized water\n 1974. 2001 1028 mw\nvermont yankee 1972 july 2002 vernon vt 605 mw boiling water\n palisades 1971. 2007 south haven mi 811 mw pressurized water\n entergy wholesale commodities two non-operating nuclear facilities big rock point indian point 1 acquired.\n decommissioning.\n nrc license vermont yankee march 2012.\n 2011 renewed 20 years expires 2032.\n-lived assets.\n licenses pilgrim indian point 2 3 expire 2012 2015.\n nuclear plants expiration renewal applications nrc approval.\n renewal.\n safety licensing board terminated proceeding renewal.\n nrc.\n april 2007 entergy application renew licenses indian point 2 3 20 years.\n admitted 21 contentions 16 issues.\n two resolved 14 subject hearings.\njuly 2011 aslb granted new york motion indian point environmental analysis.\n cost estimates accident mitigation alternatives hardware procedural changes"
}
{
    "_id": "dd4be653e",
    "title": "",
    "text": ".\n stock compensation overview accounts employee compensation plans standards.\n cost services equity instrument value cost vesting.\n liability awards remeasured reporting period.\n stock compensation plans incentives attract directors executive officers employees.\n granted 2013 stock incentive plan 2018.\n allows restricted stock options 2000000 shares.\n interests.\n compensation expense recognized service restricted stock awards straight-line method vesting period.\n market performance based stock awards accelerated amortization method separate award.\n adjusted forfeitures.\n stock options recognized straight-line service period.\n presents compensation expense statements.\n total $ 12. 9 million $ 10. 8 million $ 12. 2 million years december 31 2018 2017 2016.\n expense capitalized $ 0. 5 million $ 0. 2 million $ 0.million years 2018 2017 2016.\n unrecognized compensation expense $ 13. million.\n expected recognized 1. years.\n cash settlement plan shares $ 2. 9 million $ 4. 8 million $ 2. million 2018 2017 2016.\n grants stock plan.\n restricted stock earned service performance market condition 1 to 5 years.\n service based awards earned employee employed valued market price.\n market stock price return monte simulation.\n performance based awards operational goals valued market price probability.\n remeasures fair value awards adjustments until settled final compensation known.\n grant date fair value per share restricted stock awards 2018 2017 2016 $ 71. $ 84. $ 73.\n key assumptions valuation calculations market based awards 2018 2017 2016.\n\n free rate. 61%. 61 %. 14%. 14 %. 65%. 65 %. 57%. 57 %. 49%. 49 %. 27%. 27 %\n yield 3. 884%. 884 %. 573%. 573 %. 634%. 634 %\n 15. 05%. 05 % 43%. 43 %. 85%. 85 % 18. 41%. 41 %. 45%. 45 %\n zero coupon risk-free.\n minimum. 25 years.\n 3 years.\n dividend yield closing stock price"
}
{
    "_id": "dd497bae2",
    "title": "",
    "text": "entergy interest income 2002 due interest 2001 grand gulf 1 decommissioning trust funds mississippi new orleans deferred system energy costs recovered interest declining deferred fuel balances.\n decrease interest 2002 $ 31. 9 million long-term debt retirement 2001 2002 $ 76. million interest expense system energy reserve rate refund 2001.\n.\n.\n increase interest charges $ 61. 5 million final order 1995 system energy rate filing debt arkansas gulf mississippi new orleans borrowings credit facilities arkansas.\n increase earnings 2002 $ 128 million to $ 201 million indian point 2 vermont yankee purchased september 2001 july 2002.\n increase earnings $ 49 million to $ 128 million operation fitzpatrick indian point 3.\n key performance measures.\n 2002 2001 2000\n 31 3955 2475\n 29953 22614 7171\n 93%\n fluctuations non-utility nuclear indian point 2 vermont yankee revenues 411. million $ 1. 2 billion maintenance expenses 201. million $ 596. million depreciation amortization expenses 25. million $ 42. million fuel 29. million 105. 2 million nuclear refueling 23. million 46. million"
}
{
    "_id": "dd4ba5fa2",
    "title": "",
    "text": ".\n summary outstanding millions.\n december 31\n 5.%. % 2020 599\n 4. 75%. 75 %\n 3. 50%. 50 % 2024\n. 60%. 60 % 2044\n 2. 875%. 875 % 2026 545\n 8. 205%. 205 % january 2027 521\n 3. 125%. 125 % 2016 500\n 2. 80%. 80 % 2021\n 4.%. % 2023\n 6. 25%. 25 % 2040\n 4. 76%. 76 % 2018\n 4. 45%. 45 % 2043\n 4. 25%. 25 % 2042 196\n 3. 50%. 50 % 2015 599\n 5737 5582\n long-term\n 5175 4799\n december 31 2015 two facilities $ 400 million.\n 2017 $ 900 million-currency.\nfacility expiring february 2020.\n replaced 20ac650 million credit.\n 2016 extended 1 year february 2021.\n representations warranties covenants ebitda interest expense debt.\n borrowings 2017 2020 compliance financial covenants.\n november 13 2015 issued $ 400 million 2. 80%. notes due march 2021.\n proceeds purposes.\n september 30 2015 $ 600 million 3. 50%. notes repaid.\n 20 issued $ 600 million 4. 750% 4. 750 % notes may 2045.\n.\n august 12 2014 issued $ 350 million 3. 50%. 50 % notes june 2024.\n. consolidated debt securities $ 250 million 3. 50% notes 2024 $ 550 million 4. 60%. % notes due june 2044.\nplc proceeds capital purposes."
}
{
    "_id": "dd4b9b5ac",
    "title": "",
    "text": "extinguishment costs aircraft indebtedness cash interest write offs unamortized debt.\n 2013 refinancing early extinguishment american 2019s. notes $ 100 million less interest expense.\n foreign currency losses $ 114 million early debt extinguishment charges $ 56 million.\n foreign currency losses $ 56 million early debt extinguishment charges $ 29 million.\n increased $ 64 million. charges early debt extinguishment foreign currency losses strengthening.\n dollar.\n $ 43 million special charge venezuelan foreign currency losses.\n.\n.\n 2014 nonoperating special items $ 56 million extinguishment american 2019s. notes indebtedness.\n reorganization items revenues expenses gains losses provisions.\n summarizes reorganization items december 31 2013.\nlabor claim $ 1733\n aircraft facility financing renegotiations rejections 325\n conversion discount 218\n professional fees 199\n 180\n reorganization items $ 2655\n employees contributions reorganization reductions pay benefits employee group deemed claim distribution equity reorganized entity.\n cost savings reductions pay benefits work rule changes.\n total value approximately $ 1. 7 billion.\n allowed modification financings aircraft orders unsecured claims facility agreements special facility revenue bonds.\n debtors claim modification financing motion filed estimate claim.\n note 2 consolidated financial statements part ii item 8a.\n debtors agreed allow post-petition unsecured claims obligations.\nyear 31 2013 recorded reorganization charges claim amounts rejected bonds $ 180 million unsecured claims 1990 1994 bonds jfk rejected ord table."
}
{
    "_id": "dd4c0cab8",
    "title": "",
    "text": "performance units granted executives 2014 one-year period.\n committee 25% converted unrestricted shares.\n 75% converted restricted shares equal installments first three anniversaries conversion.\n performance units granted fiscal 2015 three-year period.\n convert unrestricted common stock.\n performance-based outcomes.\n grantee earn 200% target shares.\n awards performance conditions compensation expense grant date fair value based shares earned.\n compensation expense revised.\n 2015 executives granted leveraged performance units.\n market condition stock price growth three-year.\n minimum threshold performance no payout.\n maximum award opportunity fixed dollar number shares.\n three-year one-third earned units converts unrestricted common stock.\n two-thirds convert restricted stock equal installments first two anniversaries conversion.\nrecognize share-based compensation expense grant date lpus determined monte carlo model service period.\n 2015 executives granted units performance-based restricted stock units earned return three-year performance period s&p 500.\n units convert unrestricted common stock.\n grantee earn 200% target shares.\n set compensation committee.\n recognize compensation expense grant date monte carlo model vesting period.\n table summarizes changes unvested share-based awards years may 31 2015 2014-average grant-date fair value.\n may 31 2013 1096 44\n granted 47\n vested\n forfeited\n 31 2014 877\n granted 477 72\n vested 46\n forfeited\n may 31 2015\n.\n"
}
{
    "_id": "dd4c29a96",
    "title": "",
    "text": "consolidated financial statements jpmorgan chase & co.\n 2008 annual report consolidation analysis multi-seller conduits not consoli dated december 31 2008 2007 conduit expected loss notes holders majority expected loss.\n firm pro- tect eln holders potential losses no plans remove assets unless required.\n losses eln holders eln.\n uses monte carlo model losses rights obliga tions variable interest holders.\n treats variable interests.\n variability based design enti ty.\n multi-seller conduits pass credit risk not liquidity risk variable interest holders longer term.\n run monte carlo-based expected loss model reconsideration event.\napplying guidance to conduits events reconsideration affect primary beneficiary 2022 new deals issuance variable interests changes in usage modifications asset purchase agreements sales interests.\n firm run carlo expected loss model reconsideration.\n runs each includes growth assump tion for each conduit.\n updates inputs assumptions loss model.\n risk ratings loss default assumptions updated.\n expected loss notes december 31 2008 2007 $ 136 million $ 130 million.\n model assumptions reflective of market assumptions probability changes risk ratings.\n multi-seller conduits access commercial paper market.\n disperse risk preponderance economic risk not held by jpmorgan chase.\n impact on assets lia bilities 1 capital ratio leverage ratio if consolidate multi-seller conduits at current value.\ndecember 31 2008 billions ratios.\n billions\n assets $ 2175. $ 2218.\n liabilities 2008. 2051.\n 1 capital ratio 10. 9%. 9 %. 9%. %\n 1 leverage ratio 6. 9. 8\n impact consolidating assets liabilities multi- seller conduits current carrying value no income capital impact consolidation.\n fair value 1 capital ratio 10. 8%. 8 %.\n fair value based pricing transactions.\n change market conditions.\n consolidation first day quarter-end levels adjustment assets.\n firm fund purchases.\n reverse repurchase agreement residential mortgages multi-seller conduit jpmorgan chase.\n transferred recorded jpmorgan chase par value fair value collateral.\nfourth quarter 2007 additional information value collateral performance statistics fair value impaired.\n impairment losses allocated eln holder expected loss contractual provisions eln note.\n october 29 2007 structured cdo assets second quarter backed subprime mortgages transferred firm two multi-seller conduits.\n investors agencies cdo assets subprime mortgage exposures.\n viability conduits firm transferred cdo assets multi-seller.\n"
}
{
    "_id": "dd4c3d8a2",
    "title": "",
    "text": "stock compensation company granted stock option restricted stock unit awards non-employee directors officers key employees 2007 equity compensation plan.\n shares common stock 15.\n december 31 2015. shares available grant.\n authorized-but-unissued reacquired purchased open market.\n recognizes compensation expense stock awards vesting period.\n compensation expense operation maintenance expense statements december 31.\n stock options $\n stock-based compensation\n income tax benefit\n compensation expense net tax $\n no significant compensation costs capitalized december 31 2015 2014 2013.\n cost services stock options stock awards measured grant date value.\n amortized expense three-year period.\n awards granted 2015 2014 2013 classified equity.\ncompany receives tax deduction value award exercise distribution date.\n recognizes tax benefits deferred income tax assets compensation.\n tax deductions stockholders presented financing section statements cash.\n stratified grant populations turnover rates forfeitures.\n forfeitures adjusted.\n 2015 2014 2013 granted non-qualified stock options employees 2007 plan.\n vest three-year service period january 1.\n no performance vesting conditions grant value amortized expense included operations maintenance expense statements."
}
{
    "_id": "dd4b8e802",
    "title": "",
    "text": "kimco realty investment retail leases.\n sublet retailers.\n income 2006 $ 2. 7 million $ 1. 2 million $ 1. 3 million.\n revenues $ 7. 1 million $ 7. 7 million $ 8. 2 million expenses $ 4. 4 million $ 5. 1 million $ 5. 7 million recovery investment.\n future revenues 2009 $ 5. 6 $ 3. 8 2010 $ 5. 4 $ 3. 7 2011 $ 4. 5 $ 3. 1 2012 $ 2. 3 $ 2. 1 2013 $ 1. $ 1. 3 $ 1. 4 $ 0. 5.\n acquired 90% equity 30 properties.\n long-term bond lease 2016 renewal.\n cash equity investment $ 4. 0 million.\n equity investment leveraged lease.\n.\n 2002 to 2007 18 properties sold proceeds mortgage debt $ 31. 2 million.\n remaining 12 properties encumbered by third-party non debt $ 42. 8 million scheduled amortize term.\n no recourse obligation for principal interest payments debt collateralized by first mortgage lien.\n obligation offset against net rental receivable.\n 31 2008 2007 net investment lease.\n remaining net rentals $ 53. $ 55.\n unguaranteed residual value 31. 36.\n non-recourse mortgage debt.\n unearned deferred income.\n net investment leveraged lease $ 4. $.\n.\n mortgages financing receivables.\n financial statement schedule iv page 141 annual report form.\nloans financing receivables"
}
{
    "_id": "dd4ba2a5a",
    "title": "",
    "text": "table assumptions black-scholes option-pricing model value stock options 31.\n 2016\n value $ 9 $ 10 $ 18\n proceeds 15\n income tax benefit\n stock units 2018 2016 granted rsus employees 2007 2017 plan.\n employment one three years."
}
{
    "_id": "dd4ba7cee",
    "title": "",
    "text": "consolidated financial statements 2014commitments contingencies table reconciles company accrued warranties costs millions.\n 2007 2006 2005\n beginning warranty costs $ 284  $ 188  $ 105\n cost -281 ( 281 ) -267 ( 267 ) -188 188 )\n product warranties 227  363  271\n ending warranty costs $ 230  $ 284  $ 188\n company indemnify-users software intellectual property.\n agreements indemnification provisions.\n required payments potential liability unresolved infringement financial results.\n record liability infringement costs september 29 2007 30 2006.\n components microprocessors lcds optical drives circuits obtained sources supply pricing risks.\nkey components from multiple sources nand flash memory dram memory lcds subject to shortages commodity pricing fluctuations.\n company entered agreements for supply components at favorable pricing no guarantee agreements.\n to risks of supply shortages price increases gross margins operating margins.\n company uses components not common to computer industries new products utilize custom components from one source until additional suppliers.\n if supply single-sourced component vendor shipments ability.\n business financial performance on time to obtain quantities from original source alternative.\n availability if producers common components instead customized.\n cpus  ipods iphones logic boards assembled products manufactured by outsourcing partners in asia.\n concentration by few partners single locations.\noutsourcing partners sole supplier components manufacturing company key products assembly"
}
{
    "_id": "dd4be2b32",
    "title": "",
    "text": "2014 goodwill testing impairment 2011 accounting standard update assess qualitative factors two-step quantitative goodwill impairment test.\n effective annual interim january 1 2012.\n financial condition cash flows.\n merger acquisitions holly - frontier merger february 21 2011 agreement business diversified company broader sales footprint stronger financial position efficient overhead structure earnings share.\n frontier crude oil refining wholesale marketing refined petroleum products el dorado cheyenne refineries rocky mountain plains.\n july 1 2011 north acquisition. subsidiary holly merged frontier.\n changed name hollyfrontier corporation ticker symbol. frontier merged.\n issued. million shares hollyfrontier common stock frontier stockholders.\n share converted.4811 shares hollyfrontier stock fractional shares paid cash.\n consideration $ 3. billion.\n july 1 2011 closing price $ 35. 93 equity awards frontier pre-merger.\n shares price adjusted two-for-one stock split august 31 2011.\n merger.\n purchase price allocated acquired assets liabilities excess goodwill.\n location refining facilities synergies business operations.\n not deductible income tax.\n fair value estimates frontier assets liabilities 2011.\n cash equivalents 872.\n accounts receivable 737.\n inventories.\n properties plants equipment 1054.\n goodwill.\n taxes receivable.\n assets.\n accounts payable.\n accrued liabilities.\n long-term debt.\n long-term liabilities.\n deferred income taxes.\n assets liabilities $ 3705."
}
{
    "_id": "dd496dc80",
    "title": "",
    "text": "middleton cigars shipment volume 2012 decreased. 7%. trade inventories offset volume growth retail share gains.\n marlboro's 2012 brand-building initiatives.\n increased. points 2011 42. 6%.\n expanded distribution marlboro southern cut.\n.\n 2012 retail share increased. points 2011 gains.\n offset losses brands.\n black & mild's retail share 2012 increased. 5 points.\n benefited untipped cigarillo varieties offerings untipped.\n plans launch jazz cigars plastic wood 2013.\n 2010.\n net revenues decreased $ 221 million. lower shipment volume offset higher net pricing $ 830 million promotional investments.\n income increased $ 119 million.higher net pricing $ 831 million promotional investments marketing administration research savings cost reduction $ 198 million 2010 costs facility $ 75 million offset lower volume $ 527 million higher asset impairment exit costs 2011 cost reduction program $ 158 million higher unit settlement charges $ 120 million tobacco health judgments $ 87 million fda user fees $ 73 million.\n smokeable products shipment volume decreased.\n domestic cigarettes declined. retail share losses less shipping day offset trade inventories.\n 2011 cigarette shipment volume 4%.\n cigarette category volume decreased. 5%.\n premium brands decreased. 3%.\n.\n discount brands decreased.\n. 7%. domestic cigarettes volume.\n 2011 volume unchanged 2010.\n retail share declined.share points 49. 0%. retail losses marlboro.\n 2011 retail share decreased. points.\n marlboro record retail results lower margin levels.\n middleton leading share cigarillo large retail share 84% 2011.\n middleton retail share increased. points 29. 7%. 2010.\n black & mild 2011 retail share increased. 5 points product introductions.\n broadened untipped cigarillo portfolio aroma wrap packaging mild.\n sweets classic varieties.\n contract manufacturing arrangement production cigars overseas.\n production capacity excise tax imported cigars.\n smokeless income grew 2012 higher pricing copenhagen skoal volume retail share performance cost management.\n smokeless shipment volume performance.\n 392. 354. 327.\n 288.286. 274.\n 680. 641. 601.\n 82. 93. 122.\n smokeless 763. 734. 724.\n cans packs promotional units excludes international.\n usstc usa smokeless.\n packaging"
}
{
    "_id": "dd4b8f842",
    "title": "",
    "text": "tax benefits stock-based compensation 2011 2010 2009 $ 16 million $ 6 million $ 5 million.\n northrop grumman shares before spin-off not reflected financial statements.\n tax benefits 2011 $ 2 million stock options $ 10 million issuance stock.\n $ 1 million unvested stock option awards recognized 1. years.\n $ 19 million 2011 rsrs 2. years $ 10 million one year $ 18 million 2011 rpsrs 2. years.\n compensation expense determined grant.\n no additional options granted 2011.\n fair value stock option awards expensed straight-line vesting period.\n value estimated date grant black-scholes option pricing model dividend yield northrop grumman 2019s dividend yield.\n volatility implied traded options historical.\nrisk-free interest rate stock option based yield curve zero-coupon.\n treasury bond maturity term.\n historical experience.\n stratification employee populations.\n weighted-average assumptions stock options 31 2010 2009.\n dividend yield 2. 9%. 9 % 3. 6%. 6 %\n volatility rate 25%\n risk-free interest rate 2. 3%. 3 %. 7%. 7 %\n option life\n weighted-average value stock options 2010 2009 $ 11 $ 7  per share."
}
{
    "_id": "dd4977456",
    "title": "",
    "text": "edwards lifesciences corporation financial statements 7.\n acquisitions.\n table summarizes values assets acquired liabilities assumed millions.\n assets $ 28.\n property equipment.\n goodwill 258.\n 190.\n liabilities -32.\n deferred income taxes -66.\n contingent consideration -30.\n cash purchase price 348.\n cash acquired.\n price $ 320.\n synergies benefits.\n united not deductible tax.\n capitalized intangible indefinite life assessed impairment.\n fair value determined income approach.\n flow projections discounted risk-adjusted return.\n 16. 5%.\n design pre-clinical selling.\n risks uncertainties design development manufacturability regulatory approvals.\n valuation assumed $ 97.7 million additional research development expenditures incurred product introduction changes expenditures cardiaq program.\n net cash inflows commence late 2018 clinical trial ce mark approval.\n research asset amortized over life.\n 2017 paused enrollment clinical trials edwards-cardiaq valve design validation testing.\n screening patients.\n results cardiaq included financial statements.\n results not.\n 8.\n july 3 2015 acquired cardiaq.\n increase goodwill $ 258. 9 million ipr&d $ 190. 0 million."
}
{
    "_id": "dd4b900b2",
    "title": "",
    "text": "devon energy corporation subsidiaries financial statements 2013 reserves changes reserves 2015.\n.\n reserves december 31 2014 305  384 689\n extensions discoveries\n revisions due prices -115\n other price\n conversion reserves -88 -94 182\n reserves december 31 2015 75  301 376\n reserves decreased 45% 2014 2015 balance 17% reserves.\n drilling development activities increased reserves 24 conversion 182 mmboe 26% 2014 reserves reserves.\n costs $ 2. 2 billion 2015.\n revisions other price decreased 120 evaluations properties.\n.\n reduced reserves 80 jackfish bitumen reserves.\n 40 revisions.\n reduction 27 reserves develop five years 20 eagle ford.\ndevon 2019s undeveloped reserves 2015 jackfish operations.\n 301 384 mmboe.\n development schedules controlled processing plants 35 mbbl daily capacity.\n steam capacity steam-oil ratios.\n steam injection bitumen processing facilities.\n large capital reserves 5 years conversion reserves.\n reserves undeveloped more five years.\n development schedule extends 2030.\n 184 reserves jackfish undeveloped five years.\n no other projects.\n 180 undeveloped reserves jackfish five years develop.\n 2015 2013 reserves decreased 302 mmboe lower commodity prices.\n bitumen price increased reserves.\n 2013 reserves increased 9 mmboe higher gas prices anadarko higher bitumen prices lower after-royalty volumes."
}
{
    "_id": "dd498a3da",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014 economic rights agreement seventy years tv azteca purchase economic rights last fifty years.\n tv azteca rights repay loan.\n obligation pay $ 1. 5 million annually reduced.\n annual payment $ 1. 5 million capital lease liability $ 18. 6 million.\n capital lease asset discount $ 30. 2 million cost economic rights amortized seventy-year life.\n assesses recoverability note receivable.\n no adjustment carrying value.\n executive officer former director 1999 2006.\n long-term notes receivable $ 11. 1 million $ 11. 2 million.\n.\n financing arrangements.\n american tower credit facility $ 793000 $ 698000\n spectrasite credit facility 700000\n senior subordinated notes 400000\n discount notes\nnotes discount premium 726754 1001817\n convertible 773058 830056\n capital leases 60365 59986\n 3613429 3293614\n long-term obligations -138386\n debt 3451276 3155228\n refinanced facilities.\n tower. billion. 3 billion spectrasite $ 900. million. 15 billion.\n net loss retirement-term obligations $ 9. 8 million fourth quarter 2005."
}
{
    "_id": "dd4972b86",
    "title": "",
    "text": "graph compares shareholder return pmi common stock peer group s&p 500 index.\n assumes investment $ 100 december 31 2013 pmi common stock new york stock exchange market reinvestment dividends quarterly.\n s&p 500.\n 2013 $ 100.\n 2014 97. 107. 113.\n 111. 116. 115.\n 120. 118. 129.\n 144. 140. 157.\n 96. 127. $ 150.\n pmi peer group same prior year.\n established global presence focus consumer products net revenues market capitalization similar.\n international tobacco companies.\n peer group altria. anheuser-busch inbev british american tobacco. coca-cola colgate-palmolive. diageo heineken. imperial brands japan tobacco.johnson kimberly-clark kraft-heinz mcdonald's. mondel. pepsico. procter gamble roche holding unilever.\n figures $."
}
{
    "_id": "dd4bac046",
    "title": "",
    "text": "stock performance graph shows five-year comparison shareholder return dividend reinvested s&p 500 composite hardware dow jones.\n technology index.\n assumes $ 100 invested company common stock 500 dow.\n index september 30 2006.\n.\n historic stock price not indicative future performance.\n 5 year return apple. s&p 500 hardware dow jones technology index.\n$ 100 invested 9/30/06 stock index reinvestment dividends.\n fiscal year september 30.\n copyright mcgraw-hill.\n.\n dow jones.\n.\n 30.\n 2006 2007 2011\n apple inc. $ 100 199 148 241\n s&p 500 $ 100 116 91\n s&p computer hardware $ 100 $ 148 174 197\njones 100 123 94 104 117 120"
}
{
    "_id": "dd4c2a0d6",
    "title": "",
    "text": "corporation financial statements june 30 2016 tax net loss carryforwards uncertain tax benefits jurisdictions expiration amount millions.\n. federal 2021 to 2036 858\n. states 581\n australia\n.\n utilization nols taxable income operations jurisdictions.\n.\n nols acquired harlequin subject limitations section 382 code.\n limits acquired nols offset.\n taxable income.\n nols review tax authorities jurisdictions.\n recorded deferred tax asset $ 580 million $ 540 million $ 53 million $ 95 million unrecognized tax benefits nols june 30 2016 2015.\n tax assets.\n management assesses evidence future taxable income deferred tax assets expiration period.\nvaluation allowances $ 97 million $ 304 million deferred tax asset june 30 2016 2015.\n future income negative.\n company $ 1. 6 billion $ 1. 7 billion capital loss carryforwards australia. indefinitely subject tax authority review.\n realization income continuity business requirements.\n recorded deferred tax asset $ 803 million $ 892 million 2016 capital gain.\n valuation allowances $ 803 million $ 892 million deferred tax asset june 30 2016 2015.\n $ 26 million.\n federal tax credit carryforward $ 22 million foreign tax credits $ 4 million research development credits 2025 2036.\n $ 5 million non.\n tax credit carryforwards 2025 $ 8 million state tax credit carryforwards.\n balance carried forward indefinitely.\naccounting policy valuation allowance $ 5 million deferred tax asset.\n credit carryforwards june 30 2016."
}
{
    "_id": "dd4c56cb2",
    "title": "",
    "text": ".\n equity level 1 traded exchanges valued closing prices last trading day.\n.\n not traded trustee obtains quotes pricing vendor broker investment manager.\n categorized level 2 quotes 3 uncorroborated quotes.\n commingled equity funds valued net value.\n total value divided by shares outstanding.\n level 1 traded recognized exchange 2 corroborated market data. redeem.\n fixed income investments level 2 valued pricing models market data. bids quoted prices.\n categorized level 3 valuations inputs unavailable.\n trustee obtains pricing indicative quotes bid evaluations vendors brokers investment.\n private equity funds real estate funds hedge funds valued nav valuation models unobservable inputs.\n valuations determined general partners.\npartners use valuation methodologies income market approaches.\n market approach transactions income approach future cash flows adjusted liquidity risk.\n hedge funds valued by administrators pricing sources securities.\n private equity real estate hedge funds categorized level 3 redeem investment.\n commodities traded active commodity exchange valued at closing prices last trading day.\n funding benefit pension plans determined erisa cas internal revenue code rules.\n 2014 contributions $ 2. 0 billion.\n plan contributions 2015 2017.\n estimated future benefit payments employee service december 31 2014.\n benefit pension plans $ 2070 2150 2230\n retiree medical life insurance plans\n 401 ( k ) features employees.\n match 2019 eligible contributions rates plan documents.\ncontributions 385 million 2014 383 million 2013 380 2012 majority common stock.\n plans 41. 7 44. 7 million shares 2014 2013.\n capital 1. 5 billion shares common stock 50 million preferred stock.\n 316 million shares 314 million"
}
{
    "_id": "dd4c5923c",
    "title": "",
    "text": "grant date value options estimated black-scholes option-pricing model.\n weighted-average assumptions 2017 2016 2015 risk-free interest rate.\n treasury yields. dividend yield. 6. expected volatility 24 27 28 percent.\n life option seven years.\n incentive shares plans performance shares awards common stock management employees conditions.\n distribution primarily shares common stock portion cash.\n compensation expense shares recognized shares.\n accounted liabilities expense adjusted value.\n 2016 performance shares awarded 2013 outstanding performance objectives additional service.\n objectives met 86 percent end 2016.\n 2549083 shares distributed early 2017 1393715 issued 944002 withheld 211366 paid cash.\n 1691986 shares distributed 2017 employees year service 1070264 issued 616734 withheld 4988 paid cash.\n11266 shares canceled not distributed.\n rights 2388125 2178388 shares awarded 2017 2016 performance shares program outstanding contingent performance objectives 2019 2018.\n incentive shares plans restricted stock awards management employees service three ten years.\n fair value determined high market prices stock compensation expense recognized.\n 2017 130641 shares vested service requirements.\n 84398 shares issued 46243 shares withheld taxes.\n september 30 1194500 shares unvested restricted stock.\n total fair value $ 245  $ 11 $ 9 2017 2016 2015 $ 101 $ 4 $ 5 paid cash tax withholding.\n. 9 million shares.\n changes shares outstanding grant date value per.\n.\n granted. 91\n earned/vested.\n canceled.\n.\ncompensation expense stock options incentive shares $ 115 $ 159 $ 30 2017 2016 2015 $ 5  $ 14 $ 6 discontinued operations.\n decrease 2017 stock price.\n increase 2016.\n income tax benefits $ 33 $ 45 $ 2 .\n unrecognized compensation expense unvested shares $ 149  1. 5 years.\n awarded 17984 shares 2248 units non-management directors.\n 174335 shares."
}
{
    "_id": "dd4bde6cc",
    "title": "",
    "text": "benefit payments funding pension plans determined erisa cas revenue code rules.\n 2015 $ 5 million sikorsky pension plan $ 25 million 2016.\n estimated future benefit payments december 31 2015.\n 2021\n defined benefit pension plans $ 2160 2240 2320 2410 2500 13670\n retiree medical life insurance plans\n 401 ( k ) employees.\n 2019 contributions rates.\n contributions $ 393 million 2015 $ 385 million 2014 $ 383 million 2013 funded common stock.\n defined contribution plans 40. 41. million shares common stock december 31 2015 2014.\n capital 1. 5 billion shares common stock 50 million preferred stock.\n 305 million shares 303 million outstanding remaining separate trust.\n316 million shares common stock december 31 2014 314 million balance remaining separate trust.\n no preferred stock.\n 15. 2 million $ 3. 1 billion.\n 2013 paid $ 1. 9 billion. 8 billion 11. 5 million 16. 2 million.\n 2015 approved $ 3. billion increase repurchase program.\n future repurchases $ 3. 6 billion december 31 2015.\n $ 1 par value repurchased excess price paid-in capital.\n excess price $ 2. billion retained earnings 2015 2014.\n paid dividends $ 1. 9 billion $. 15 per share 2015 1. 8 billion. 2014 1. 5 billion. 2013.\n increased quarterly dividend rate increase fourth quarter 2015.\n $ 1. 50. 65 fourth. 33 2014.fourth quarter 2014. 15 first quarters 2013. 33 fourth quarter."
}
{
    "_id": "dd4bc3fc0",
    "title": "",
    "text": "audited financial statements director stock compensation subplan eastman's 2016 component 2012 omnibus plan until terminated.\n awards restricted shares non-employee members.\n subject terms conditions 2012.\n separate source equity awards part 10 million shares 2012.\n shares restricted stock granted first day non employee director's initial term service each non-employee director annual meeting.\n company authorized board provide awards employees non members.\n issue new shares equity awards settlement withhold accept shares income tax obligations.\n unrestricted common stock non employee directors not eligible withheld.\n shares senior management level employees accepted exercise price stock options terms conditions.\n2016 2015 2014 share-based compensation expense $ 36 million $ 28 million recognized statements share-based awards $ 7 million $ 4 million related stock options.\n compensation expense recognized over vesting period shorter termination employees.\n 2016 2015 2014 $ 2 million 2 million $ 1 million stock option compensation expense recognized due termination eligibility vesting period.\n stock option awards granted non-employee directors.\n awards exercise price equal closing price company stock grant.\n term 10 years vesting periods three years.\n vesting.\n option valuation model assumptions option fair value.\n weighted average assumptions stock options 2016 2015 2014.\n volatility rate 23. 71%. 24. 11%. 25. 82%.\n dividend yield 2.31%. 31 %. 75%. 75. 70 %\n interest. 23%. 23 %. 45% 45 % 44%. 44 %\n."
}
{
    "_id": "dd4bdddee",
    "title": "",
    "text": "entergy corporation subsidiaries financial statements.\n plant nuclear fuel $ 727\n decommissioning trust funds 252\n assets 41\n assets acquired 1020\n purchased power agreement 420\n decommissioning liability 220\n other liabilities 44\n liabilities assumed 684\n assets acquired $ 336\n received $ 6 million consumers energy post-closing adjustment asset sale agreement.\n $ 6 million reduction plant liabilities.\n nuclear liability revenue.\n difference value.\n $ 53 million 2009 76 million 2008 50 million 2007.\n $ 46 million 2010 43 million 2011 17 million 2012 18 million 2013 16 million 2014.\n nuclear fitzpatrick indian point 3 plants.\n agreements.\n annual payments generation output 3 fitzpatrick plants 2007 2014.\n $.59 mwh power indian point 3 $ 48 million $. 91 mwh fitzpatrick $ 24 million.\n annual payment due january 15 following.\n non-utility nuclear liability payments nypa.\n equal liability recorded plant asset account contingent purchase price.\n 2009 2008 2007 recorded $ 72 million generation.\n depreciated life plants.\n august 2008 dispute nypa value sharing agreements fitzpatrick indian point 3 plants spin-off.\n separation obligation payments.\n spin-off enexus payments nypa."
}
{
    "_id": "dd4bcb0cc",
    "title": "",
    "text": "totaled $ 292. 3 million $ 190. 5 million year-over-year increase driven by earnings growth.\n hedge long-term investment exposures.\n use foreign exchange contracts for speculative trading exchange rates.\n review hedging program assess need financial instruments hedge currency.\n use foreign exchange options forward contracts hedge revenue euros pounds yen.\n reduce risk earnings by exchange rates.\n foreign exchange contracts maturities one twelve months.\n not speculative.\n record changes value cash flow hedges in until forecasted transaction occurs.\n reclassify gain loss to revenue.\n reclassify interest income.\n fiscal year ended november 30 2018 no net gains losses in income hedges of forecasted transactions.\nhedging foreign currency assets liabilities contracts reduce risk earnings cash flows exchange rates.\n contracts fair value recorded interest.\n balance sheet risk exchange rate gains losses offset.\n 30 hedging derivatives maturities 180 days or less.\n.\n interest rate risk short-term investments debt securities short-term investments $ 1. 59 billion.\n changes interest rates affect market value.\n table separates investments maturities exposure interest rates.\n one year 612.\n one two years.\n three years.\n after three years.\n 1586.\n sensitivity analysis investment portfolio november 30 2018.\n hypothetical changes market value shift yield curve."
}
{
    "_id": "dd4b954d6",
    "title": "",
    "text": "production volume deliveries second quarter 2012 $ 50 million contractual $ 270 million.\n offset higher net sales $ 295 million f-35 contracts retirements $ 245 million c-5 program increased deliveries modernization $ 70 million f-35 development contract.\n profit decreased $ 87 million.\n lower profit $ 85 million f-22 program $ 50 million $ 35 million risk retirements production volume $ 70 million c-130 program lower risk retirements deliveries sustainment $ 65 million c-5 program profit lower risk retirements $ 35 million f-16 program fewer deliveries sustainment.\n higher operating profit $ 180 million f-35 contracts risk retirements.\n f-35 contract adjustments $ 85 million profit booking rate.\n $ 75 million lower 2013 2014 lower orders f-16 f-22.\nbacklog decreased 2013 lower orders f-16 c-5 c-130 offset higher orders f-35.\n aeronautics 2019 2015 net sales comparable behind 2014 decline f-16 deliveries f-35 development offset increase production contracts.\n operating profit decrease contract mix slight decrease operating margins.\n provides advanced technology systems solutions management services civil defense government customers.\n smaller contracts.\n impacted downturn federal agencies budgets increased re fragmentation large contracts.\n 2019 operating results.\n net sales $ 7788 $ 8367 8846\n operating profit\n margins.\n backlog year-end $\n net sales decreased $ 579 million 7% 7 %.\ndecrease lower net sales $ 645 million programs warfighter support defense budgets $ 490 million decline volume lower funding-theater force reductions.\n offset higher net sales $ 550 million new programs growth recently awarded programs companies."
}
{
    "_id": "dd4bd4618",
    "title": "",
    "text": "reinsurance commissions fees revenue increased 1% foreign currency translation 2% offset 1% decline dispositions acquisitions.\n organic revenue flat capital market transactions advisory business offset declines global facultative placements.\n operating income increased $ 120 million 10% 2010 to $ 1. 3 billion 2011.\n income margins. 3%. up 70 points. 6%.\n driven revenue growth reduced costs restructuring offset expense increases investment lease termination costs receivables write-off foreign currency exchange rates.\n.\n december\n revenue $ 4501 $ 2111 1267\n operating income\n margin.\n hewitt human resource consulting.\n operates globally.\n results october 1 2010.\nhr solutions segment generated 40% revenues 2011 provides human capital services health benefits advises benefit programs.\n health executive benefits workforce absence management administration data-driven health compliance employee commitment investment.\n january 1 2012 risk solutions segment.\n retirement actuarial services defined contribution investment tax pension administration.\n compensation compensation planning executive reward strategies salary survey benchmarking market share studies sales force effectiveness expertise financial services technology industries.\n human capital talent change effectiveness.\n benefits administration expertise defined benefit health welfare services.\n efficient less costly solutions.\n human resource processing outsourcing employee data benefits payroll"
}
{
    "_id": "dd4c4d248",
    "title": "",
    "text": "$ 190 million 30% pre-tax earnings before equity.\n 2009 quarter future deferred tax assets loss standard asset recognition.\n $ 156 million valuation allowance 100% assets.\n 2009 2004 2005.\n tax audits $ 26 million credit.\n 2008 income tax $ 162 million $ 207 million benefit special items $ 175 million tax benefit restructuring $ 23 mil.\n $ 29 million tax.\n $ 40 million benefit restructuring $ 2 mil.\n tax provision $ 369 million. pre-tax earnings.\n income tax provision 2007 $ 415 million $ 41 million settlement tax audits $ 8 million other tax.\n $ 423 million 30% pre-tax earnings before equity.\n.\n.\noperating loss carryforwards $ 452 million 2010 2019 8 million 2020 2029 29 million indefinite 415 million.\n $ 204 million 2010 2019 75 million 2020 2029 129 million.\n $ 273 million.\n federal.\n state tax credit carryforwards 2010 54 million 2020 2029 32 million indefinite 187.\n $ 2 million state capital loss 2010 2019.\n deferred income taxes $ 3. 5 billion 2. 6 billion $ 3. 7 billion 2009 2008 2007.\n.\n deferred tax liability.\n property machinery equipment.\n purchase obligations capital projects pulpwood logs wood chips raw materials energy services.\ndecember 31 2009 future commitments leases purchase obligations millions 2010 2014 $ 177 148 124 96 79 184 2262 657 623 556 532 3729.\n $ 177 $ 148 124 $ 96 79 184\n 2262 623  556 532 3729\n $ 2439 $ 805 $ 747 $ 652 $ 611 3913\n $ 2. 8 billion fiber supply agreements 2006 forestland sales.\n rent expense $ 216 million $ 205 million $ 168 million 2009 2008 2007.\n representations warranties indemnify tax environmental liabilities breaches.\n recorded cost.\n 2008 recovery boiler vicksburg facility exploded fatality injuries"
}
{
    "_id": "dd4c608ac",
    "title": "",
    "text": "information oil gas activities future cash flows oil gas reserves millions 2004 2003 2002 sales transfers oil gas production transportation administrative costs $ 2715 2487 1983 changes prices production transportation administrative costs 950 1178 2795.\n 2004 2003 2002\n sales transfers oil gas costs -2715 -2487 2487 -1983\n changes prices costs 950 1178 2795\n extensions discoveries improved recovery 1352 618 1032\n development costs 711\n future development costs -556 -478 -297\n estimates 494\n purchases sales minerals -531\n exchanges 2013\n 790 807\n income taxes -529 -1288\n -62 -165\n change year 468 560\n 6001 5441\n end\nchange discontinued operations 2013 -384"
}
{
    "_id": "dd4bc3ac0",
    "title": "",
    "text": "excludes discontinued operations.\n earnings before interest taxes assets.\n debt percent equity non-current deferred income tax liabilities.\n results include impact specified items.\n discussion 2017 2016 2015 item 7.\n financial condition.\n millions share amounts years 2016 2015 2014 2013\n specified items $ 1466 $ 1261 $ 1186 $ 153 442\n after-tax impact $ 971 $ 892 $ 786 279\n impact diluted earnings per share -4. 34. -4 -3 79. 51\n impact dilution from share issuances. 54.\n 7.\n commentary consolidated financial statements notes.\n columns not add rounded numbers.\n percentages earnings per share calculated from underlying amounts.\n fiscal years september 30.\noverview business segments becton dickinson company global medical technology company development manufacture sale medical supplies devices laboratory equipment diagnostic products healthcare institutions life science researchers clinical laboratories pharmaceutical industry public.\n structure segments medical life sciences.\n products manufactured sold worldwide.\n marketed united states internationally distribution channels end-users.\n operations asia latin america canada.\n pursue growth emerging markets eastern europe middle east africa latin america asia pacific.\n focused countries china india.\n sustainable growth shareholder value investments future.\n strategies increase revenue growth core products services solutions benefits patients healthcare workers researchers"
}
{
    "_id": "dd4bea9d6",
    "title": "",
    "text": "american tower corporation subsidiaries customer-related $ 75. million network location $ 72. 7 million.\n amortized 20 years.\n goodwill deductible tax.\n international rental management segment.\n 2012 348 communications sites telef mexico.\n 279 communications sites purchase price $ 63. 5 million value added tax $ 8. million.\n table preliminary allocation purchase consideration assets acquired liabilities assumed value acquisition price.\n 8763\n non-current 2332\n property equipment 26711\n intangible assets 21079\n non-current liabilities\n net assets $ 57536\n goodwill\n customer-related intangibles $ 10. million network location $ 10. 4 million.\n amortized 20.\n goodwill deductible tax.\n international rental management.\nnovember 16 2012 purchase 198 sites.\n december 14 188 $ 64. 2 million tax $ 8. 9 million."
}
{
    "_id": "dd4c4fec6",
    "title": "",
    "text": "stock performance graph shows stockholder returns common stock nasdaq stock market index pharmaceutical index public offering july 27 2000 through december 26  2003.\n assumes $ 100 invested july 27  2000 common stock index dividends reinvested.\n no cash dividends declared common stock.\n returns indicative future returns.\n comparison return illumina. nasdaq composite index pharmaceutical index december 26.\n.\n 27 29\n. 100. 71. 19. 43.\n nasdaq composite index. 63. 51.\n pharmaceutical index. 93. 82. 74."
}
{
    "_id": "dd4bdf86a",
    "title": "",
    "text": "entergy corporation annual-term debt maturities december 31 2004 five years.\n 2005 $ 467298\n 2006 $ 75896\n 2007 $ 199539\n 2008 $ 747246\n 2009 $ 512584\n 2000 entergy business purchased fitzpatrick indian point 3 power plants seller-financed.\n issued notes nypa seven annual installments $ 108 million eight installments $ 20 million eight.\n implicit interest rate 4. 8%.\n indian point 2 2001 liable nypa additional $ 10 million per year 10 years september 2003.\n liability recorded purchase 2 note payable nypa balance.\n july 2003 payment $ 102 million maturity.\n companies post collateral.\n consolidated debt ratio 65% less total capitalization.\n acceleration maturity dates.\nlong-term securities issuances of entergy corporation gulf states louisiana mississippi system energy limited to authorized by sec.\n additional indebtedness issue securities unless utility subsidiaries maintain common equity ratio of 30% security outstanding securities investment grade by one nationally recognized statistical rating agency.\n gulf states louisiana mississippi indebtedness issue securities unless issuer common equity ratio 30% securities investment grade.\n implemented interpretation.\n \"consolidation of variable interest entities effective december 31 2003.\n requires unconsolidated variable interest entities by primary beneficiaries if disperse risks among.\n variable interest entities equity financial support from interest holders.\n primary beneficiary absorbs majority losses receives residual returns holding variable interest.\ncompany interest in vie ownership rights obligations.\n louisiana arkansas gulf states trusts financing subsidiaries states"
}
{
    "_id": "dd496eee6",
    "title": "",
    "text": "manufactures systems order backlog customer commitments.\n orders authorizations accepted shipment dates next 12 months contractual service revenue maintenance fees 12 months.\n backlog october 27 28 2012 millions percentages.\n silicon systems group $ 1295  55% 55 % ) $ 705  44% 44 %\n global services 591 25% 25 % 36% 36 %\n 361 15% 15 % 13% 13 %\n energy environmental solutions 125 5% 5 % 115 7% 7 %\n $ 2372  100% 100 % $ 1606\n backlog not indicative sales changes delivery cancellation orders.\n.\n delays reduction backlog business results.\n assembly test integration commercial parts components subassemblies systems.\nimplemented distributed manufacturing model in countries united states europe israel singapore taiwan assembly at customer sites.\n uses vendors supply parts assembly services.\n not always possible.\n key parts obtained from single.\n costs risks service interruptions by selecting qualifying alternate suppliers monitoring financial condition maintaining inventories qualifying new parts locating manufacturing operations close to suppliers customers.\n growth strategy requires development new products.\n investment in new products before demand.\n works with customers design systems processes technical production requirements.\n product development engineering organizations located in united states israel taiwan china.\n outsources rd&e activities india.\n support demonstration laboratories in united states china taiwan europe israel.\n investments in rd&e product development engineering last three years.billion 18 percent 2013 1. 2 billion 14 2012 1. 1 billion 11 2011.\n spent 14 percent rd&e five years.\n maintains automation materials research environmental control."
}
{
    "_id": "dd4c59b2e",
    "title": "",
    "text": "ownership 5% 5 % holders directors nominees executive officers beneficial owner shares common stock.\n owner fidelity investments 57162311. 65% %\n alliancebernstein 48637731. 66%.\n steven. jobs 5546451\n william. campbell 221004\n. 12597 -6\n millard. drexler 220000 -7\n. -8\n. johnson 2049890\n arthur. levinson 362400\n oppenheimer 149768\n.\n.\n.\n executive officers directors 15 persons 9378423.\n officers directors.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 9378423. 09% represents shares common stock options exercisable date 60 days.\n include options restricted stock units after 60 days.\n numbers adjusted reflect two-for-one stock split february 2005.\n form 13g/a 14 2005 fmr corp.\n.\n 82 devonshire street boston ma.\n 13f january 25 2006 barclays global investors.\n 45 fremont street san francisco ca 94105.\n 120000 shares common stock.\n acquire.\n 220000 shares.\n.\n excludes 600000 unvested restricted stock units.\n 40000 shares.\n 180000.\n.\n 60000 shares.\n.\n 1900000 shares.\n johnson 450000 unvested restricted stock units.\n 2000 shares.\n 100000.\n.\n excludes 450000 unvested restricted.\n."
}
{
    "_id": "dd4b97722",
    "title": "",
    "text": "ace limited subsidiaries compensation expense for stock options shares employee stock purchase plan $ 24 million $ 22 million $ 0. 07 per $ 23 million 21 $. 06 $ 20 million 18 $ 0. 05 years december 31 2008 2007 2006.\n expense restricted stock $ 101 million $ 71 million after tax $ 77 million $ 57 million after $ 65 million $ 49 million after tax.\n established ace limited 2004 long-term incentive plan.\n effective february 25 2004.\n.\n replaced 1995 1998 1999.\n 2008 annual general meeting shareholders common shares authorized 2004 ltip from 15000000 to 19000000.\n 19000000 authorized issued stock options stock appreciation rights performance shares units restricted stock.\nmaximum delivered to participants beneficiaries under 2004 ltip equal 19000000 shares represented by prior plans forfeited expired canceled after 2004 ltip.\n december 31 2008 10591090 shares available for future issuance.\n 2004 ltip 3000000 shares authorized issued.\n 989812 shares available issuance.\n 2004 ltip incentive non-qualified stock options option price per share 100 percent fair value common shares.\n options granted 3-year vesting 10-year term.\n installments.\n share-based compensation expense cost unvested portion 2005-2008 stock option grants.\n fair value options estimated using black-scholes option-pricing model.\n risk-free rate based on.\n treasury yield curve.\n expected life estimated historical exercise behavior.\nvolatility calculated historical volatility long- term volatility implied volatility traded options.\n value estimated grant black-scholes option-pricing model weighted-average assumptions.\n dividend yield. 80%. 80 %. 78%. 78 %. 64%. 64 %\n volatility 32. 20%. 20 % 27. 43%. 43 % 31. 29%. 29 %\n risk-free interest rate 3. 15%. 15 %. 51%. 51 %. 60%. 60 %\n 7. 5%\n life 5. 7 years. 6 years"
}
{
    "_id": "dd4c00056",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014.\n financing arrangements long-term december 31.\n american tower credit facility $ 1000000 793000\n spectrasite credit facility 725000 700000\n notes 325075 400000\n 160252\n 728507 726754\n convertible notes 704596 773058\n capital leases 60365\n 3543016 3613429\n long-term obligations\n $ 3289109 $ 3451276\n 2005 refinanced facilities.\n american tower. billion $ 1. billion spectrasite. $. billion.\n february 2007 secured additional $ 550. million drew $ 250. million revolving loans american tower credit.\n. 31 2006 delayed $ 25. million debt redemptions repurchases.\n october 27 2006 remaining $ 175.undrawn delayed loan spectrasite canceled.\n credit facility 2022 $ 300. million revolving $ 17. 8 million undrawn letters credit october 27 2010 2022 $ 750. million loan october 27 2010 $ 250. million delayed loan october 27 2010.\n borrowers ati.\n.\n guaranteed loans.\n secured liens interests assets carrying value $ 4. 5 billion december 31 2006.\n spectrasite credit facility 2022 $ 250. million revolving credit $ 4. 6 million undrawn letters credit maturing october 27 2010"
}
{
    "_id": "dd4bade46",
    "title": "",
    "text": "market price economic conditions legal requirements.\n repurchase program.\n 2019 repurchased 2. 1 million $ 88. 6 million.\n 2018 repurchased 3. 4 million $ 195. 1 million.\n september 30 , 2019 19. 1 million repurchase.\n fund capital expenditures interest dividends stock repurchases pension payments working capital repurchases restructuring repayments long-term debt actions cash borrowings sales debt securities long-term debt financing.\n capital structure debt indebtedness.\n refinance maturities reduce borrowing costs improve indebtedness.\n september 30 , 2019 liquidity cash flow.\n amounts based estimates assumptions renewal actions pension plan contributions benefit payments postretirement obligations supplemental retirement plans deferred compensation plans.\nestimates assumptions subjective enforceable obligations vary.\n payments 2022 2024\n long-term debt capital lease obligations $ 9714. $ 550. $ 939. $ 2494. 5729.\n lease obligations 930. 214. 316. 193. 206.\n capital lease obligations 168. 6 150.\n purchase obligations 2293. 1607. 292. 206. 187.\n $ 13106. $ 2378. $ 1557. $ 2897. $ 6273.\n principal payments long-term debt maturity scheduled payments.\n excluded $ 163. 5 million fair value debt step-up deferred financing costs unamortized bond discounts obligations.\n.\n.\n.\n.\n fair value step-up $ 16. 9 million excluded.\n13.\n debt 2014 capital lease indebtedness financial statements.\n purchase obligations agreements goods enforceable terms quantities price provision timing.\n exclude agreements cancelable.\n future estimated pension plan contributions benefit payments postretirement obligations supplemental retirement plans deferred compensation plans.\n estimates discount rates returns.\n contributions subject changes.\n.\n excluded $ 237. 2 million multiemployer pension plan withdrawal liabilities 30 2019 accumulated funding deficiency"
}
{
    "_id": "dd4b9445a",
    "title": "",
    "text": "segment sales $. million lower 2009 lower aluminum prices sales volumes.\n higher sales volumes four plants inbev plant closures lower sales volumes.\n earnings 2010 $ 122. million higher net $ 85 million impact higher sales $ 45 million product mix improved manufacturing performance.\n $ 7 million out-of-period inventory charge.\n note 7 financial statements.\n earnings higher $ 12 million four acquired plants $ 21 million plant closures.\n lower carbonated soft drink beer can sales volumes $ 25 million higher cost inventories 2009.\n metal beverage packaging.\n net sales $ 1697. $\n earnings $ 212. 230\n consolidation costs.\n earnings $ 209.\n note 5 financial statements 8.\n metal beverage.\npackaging plants germany united kingdom france netherlands poland second largest metal beverage container business.\n sales decreased $ 41. million foreign exchange $ 93 million price mix changes higher sales volumes.\n $ 129. 2 million lower 110 million foreign exchange better commercial terms.\n volumes flat.\n earnings decreased $ 1. 9 million $ 28 million volumes $ 18 million foreign currency translation $ 12 million higher inventory costs.\n foreign currency translation conversion.\n reduced earnings $ 8 million.\n higher cost inventory sales mix better commercial terms.\n acquired.\n supplier aluminum aerosol cans. million 300 million.\n manufactures cans.\n operates three plants 51 percent owner joint venture aluminum plant france.\n employ 560 people.\nacquisition aerocan metal packaging industry broaden customer base."
}
{
    "_id": "dd4c16644",
    "title": "",
    "text": "s&p global 2018 annual report cash consideration service components sold separately.\n 2019 selling price record revenue earned.\n billed revenue recognized.\n invoice annually.\n opening balance $ 1319 million january 1  2018.\n contract assets unbilled amounts service before payment.\n december 31 2018 2017 $ 26 million $ 17 million accounts receivable balance.\n cash payments.\n increase unearned revenue balance december 31 2018 driven cash payments offset $ 1. 5 billion revenues recognized.\n remaining performance obligations transaction price.\n december 31 2018 price $ 1. 4 billion.\n recognize revenue half three-quarters obligations next 12 24 months remainder.\n disclose value unfulfilled obligations contracts one year or less usage-based royalty license intellectual property.\nobtain contract recognize asset incremental costs longer one year.\n sales commission programs meet.\n costs $ 101 million december 31 2018 included consolidated balance sheets.\n asset amortized transfer goods services calculated customer term average life products.\n expense recorded selling expenses.\n expense sales commissions amortization one year or less.\n.\n net periodic pension cost postretirement benefit cost 2018 accounting guidance outside operating profit costs included consolidated statements income.\ncomponents income year ended december 31 assets liabilities sale discontinued operations disposal group sold criteria met management commits plan to sell available for immediate sale terms usual active program locate buyer actions initiated sale probable transfer completed sale within one year except marketed for sale price reasonable unlikely significant changes.\n disposal group held for sale measured at lower carrying value less costs to sell.\n loss recognized criteria.\n gains not recognized on sale until date of sale.\n 2018 2017 2016 net benefit cost $ ( 30 ) ( 27 ) ( 28 ).\n $ -30 ( $ -27 ( 27 ) $ -28 ( 28 )\n net loss from investments 2014\n income $ -25 ( $ -27 ( 27 $ -28 ( 28"
}
{
    "_id": "dd4ba2d20",
    "title": "",
    "text": "2018 form 10-k 39 commercial paper program.\n maximum borrowing 2017 credit agreement $ 3 billion.\n market conditions revenue operating costs cash flows liquidity.\n rating agencies lower credit rating.\n no triggers maturity borrowings credit facility.\n downgrade credit increase cost limit issue commercial paper.\n seek alternative sources funding borrowing.\n 31 2018 used cash working capital restructuring costs capital expenditures repayment debt dividends distributions share repurchases.\n cash credit facility provide liquidity global cash needs.\n 31.\n 2018 2017 2016\n operating $ 1762 -799 262\n investing -578\n financing -4363\n largest source cash payments customers collecting cash product sales.\n primary operating cash suppliers employees tax authorities material services.\ngenerated $ 1762 million used $ 799 million 2018 2017.\n increased 2561 million 2018 better performance.\n working capital flows $ 300 million progress collection.\n payments $ 473 million $ 612 million employee severance restructuring merger.\n $ 799 million $ 262 million 2017 2016.\n decreased $ 1061 million 2017 $ 1201 million impact receivables monetization program restructuring.\n offset capital.\n payments $ 612 million $ 177 million employee severance restructuring merger.\n used $ 578 million $ 4123 million $ 472 million 2018 2016.\n capital expenditures.\n expenditures totaled $ 995 million $ 665 million $ 424 million 2018 2017 2016 offset sale property plant equipment $ 458 million $ 172 million $ 20 million.\ndisposal assets"
}
{
    "_id": "dd49811d6",
    "title": "",
    "text": "financial statements 2014 sold contractual rights commissions.\n $ 7. 6 million may 31 2008 $ 1. million 2009.\n sale proceeds collected three nine months.\n 2009 collected $ 4. million investment contractual rights cash flows.\n gains.\n deferred commission expense.\n recognized $ 1. 2 million deferred sales proceeds long-term liabilities.\n acquired assets euroenvios money transfer.\n.\n.\n customer base market branch locations.\n acquired money transfer branch locations united states.\n market presence dolex-branded money transfer.\n preliminary purchase price allocations 2008 acquisitions.\n 13536\n customer-related intangible assets 4091\n contract-based intangible assets 1031\n property equipment 267\n current assets 502\n assets acquired 19427\n current liabilities\ninterest equity subsidiary cost\n assets acquired $ 16594\n customer-related 14 years.\n contract-based 3 10 years.\n acquisitions not significant financial statements information.\n 2008 acquired customer list merchant referral agreement canadian $ 1. 7 million.\n $. 1 million expensed.\n remaining amortized 10 years.\n fifty-six percent ownership asia-pacific merchant hongkong shanghai banking corporation.\n card payment services-pacific.\n"
}
{
    "_id": "dd4b89bcc",
    "title": "",
    "text": ".\n pre-tax non-cash impairments mineral rights real estate not included income.\n liquidity capital resources january 29 2018 agreement acquire shares kapstone $ 35. per share $ 1. 36 billion net debt total value $ 4. 9 billion.\n march 6 2018 issued $ 600. million. senior notes due 2025 $. million. notes 2028 unregistered offering securities act 1933.\n march 7 2018 delayed draw credit facilities $ 3. 8 billion unsecured loans.\n november 2 2018 acquisition.\n proceeds repay indebtedness fees expenses.\n working capital capital expenditures mergers acquisitions investments restructuring dividends stock repurchases net cash borrowings sales agreement sale property equipment issuance debt equity securities.\n.\nfinancial statements.\n funding domestic operations liquidity cash equivalents borrowings credit facilities.\n foreign cash equivalents not key liquidity.\n 30 2018 $ 3. 2 billion availability credit facilities revolving credit facility matures july 1 2022.\n liquidity working capital purposes acquisitions dividends stock repurchases.\n restrictive covenants govern availability.\n.\n $ 104. 9 million outstanding letters credit cash equivalents $ 636. 8 million $ 298. 1 million.\n cash equivalents kapstone acquisition.\n 20% cash equivalents held outside.\n total debt $ 6415. 2 million $ 740. 7 million current.\n debt $ 6554. 8 million $ 608. 7 million.\n cash flow.\n 2018 2017 2016\n net cash operating activities $ 2420. $ 1900.1688.\n investing -1298. 9 1298. -1285. 8 1285. -1351. 4 1351.\n financing -755. 755. -655. 4. -231. 231.\n 2018 increased $ 520. million 2017 higher earnings lower taxes.\n increased $ 212. million 2016 $ 111. 6 million increase cash after-tax cash land monetization.\n"
}
{
    "_id": "dd4bf8928",
    "title": "",
    "text": "cash flows summary payment obligations consolidated debt contingent consideration operating leases commitments long-term liabilities at september 30 2011 notes 9 13.\n less 1-3 3-5 years\n short-term debt obligations $ 26677\n cash premium convertible notes march 2012 23558\n commitments 5170\n operating lease obligations 37788\n contingent consideration business combinations 59400\n long-term liabilities 34199\n $ 186792\n cash premiums 2007 convertible notes principal balance closing stock price $ 17. 96 september 30 2011.\n premium calculated 20 day average stock price.\n $ 1. change stock price remaining notes $ 2. 8 million.\n other commitments contractual license royalty payments purchase obligations.\n3 contingent consideration business combinations recorded at fair value results differ.\n long-term liabilities unrecognized tax benefits executive deferred compensation beyond five years uncertain commitment.\n amounts include cash payments pending acquisition.\n accounting estimates consolidated financial statements.\n estimates assets liabilities revenues expenses.\n critical accounting policies important judgments.\n revenue recognition doubtful accounts inventory valuation business combinations long-lived assets share-based compensation income taxes goodwill intangibles loss contingencies.\n evaluate judgments estimates policies.\n affect assets liabilities disclosures revenues expenses.\n based best judgments.\n historical experience current economic environment.\n adjust estimates when facts dictate.\n results differ.\n 80 skyworks annual report 2011"
}
{
    "_id": "dd4bd711a",
    "title": "",
    "text": "adobe inc.\n financial statements preliminary purchase price allocation acquired assets marketo estimated values acquisition useful lives.\n values management estimates assumptions preliminary valuation analyses deferred revenue tax liabilities tax.\n useful life.\n customer contracts relationships $ 576900\n purchased technology 444500\n backlog\n non-competition agreements\n trademarks 328500\n identifiable intangible assets 1467800\n net liabilities assumed\n goodwill 3459751\n estimated purchase price $ 4736263\n non-deductible tax.\n relationships contractual loyalty technology partner.\n estimated fair value projected cash flows.\n technology cloud-based engagement marketing software platform.\n future cost savings ownership.\n backlog subscription contracts professional services.\nnon-compete agreements marketo employees two years from acquisition.\n trademarks include marketo trade name marketing ecosystem.\n amortize fair value intangible assets over lives.\n $ 3. 46 billion allocated digital experience segment.\n excess purchase price over fair value assets.\n-specific synergies revenue acquiring talented workforce cost savings.\n liabilities assets october reviewed adjusted fair value.\n $ 100. 1 million accrued expenses $ 74. 8 million deferred revenue $ 182. 6 million deferred tax liabilities offset by $ 54. 9 million cash equivalents $ 72. 4 million trade receivables.\n revenue advance payments contracts.\n estimated obligation cost build-up approach.\n margin.\n.\n estimated costs based cost structure.\nadjustment deferred revenue $ 74. 8 million estimate contractual obligations preliminary."
}
{
    "_id": "dd4bb66cc",
    "title": "",
    "text": "operating expenses millions 2010.\n compensation benefits $ 4314 $ 4063 $ 4457 6%\n fuel 2486 1763 3983\n purchased services materials 1836 1644 1928\n depreciation 1487 1427 1366\n equipment rents 1142 1180 1326\n 719  687 840\n $ 11984 $ 10764 13900 11%\n operating expenses increased $. billion 2010 2009.\n fuel price per gallon increased 31% $ 566 million.\n wage inflation depreciation volume costs property taxes expenses.\n productivity resource utilization.\n expenses decreased $. billion 2009.\n fuel price per gallon declined 44% expenses $. billion.\n savings productivity decreased.\n lower casualty expense safety performance.\nwage benefit inflation reductions.\n wages payroll taxes health welfare pension postretirement benefits incentive costs.\n wage inflation increased costs $ 190 million.\n volume- expenses higher equity incentive compensation costs.\n workforce levels declined 1% network efficiencies.\n 10% decline workforce saving $ 516 million.\n inflation increased expenses savings.\n includes locomotive fuel gasoline.\n higher diesel fuel prices $. gallon. increased expenses $ 566 million.\n volume increased 10% fuel expense $ 166 million.\n newer fuel efficient locomotives fuel conservation programs efficient network operations 3% fuel consumption $ 40 million cost savings.\n lower diesel prices. reduced expenses $ 1. billion.\n decreased 17% expenses $ 664 million.\nfuel consumption rate improved 4% 2009 $ 147 million cost savings 2008.\n $ 68 million.\n newer locomotives acquisitions smaller fleet 2010 operating expenses"
}
{
    "_id": "dd4c58382",
    "title": "",
    "text": "consolidated financial statements adjusted earnings 2016 profit income $ 2. 9 million net income $ 1. 7 million.\n 2016 2015 2014 2013 2012\n equivalents $ 250470 129852 593175 341841\n capital 1279337 1019953 1127772\n inventories 917491 536714\n assets 3644331 2865970 1155052\n debt maturities 817388\n stockholders equity 2030900 1668222 1350300 1053354 816922\n capital assets minus liabilities."
}
{
    "_id": "dd4bac8ca",
    "title": "",
    "text": "hologic.\n financial statements 2007 acquisition biolucent.\n september 18 2007.\n agreement june 20 2007.\n biolucent financial statements mammography/breast care business.\n business combination no financial information.\n biolucent aliso viejo california develops markets sells mammopad breast cushions discomfort mammography.\n brachytherapy business breast cancer therapy.\n brachytherapy technology business capital stock.\n acquired mammopad cushion business assets.\n invested $ 1000 brachytherapy business shares preferred stock.\n purchase price $ 73200 $ 6800 cash 2314 shares hologic common stock $ 63200 debt $ 1600 acquisition fees expenses.\n determined fair value shares eitf issue.\n market price.\nacquisition provides two annual earn-out payments $ 15000 biolucent revenue targets.\n considered eitf issue.\n 95-8 contingent consideration additional purchase price.\n goodwill increased.\n recorded earn-outs.\n allocation purchase price fair value assets acquired liabilities assumed 18 2007.\n.\n assets acquired $ 2800\n developed technology 12300\n customer relationship 17000\n trade name 2800\n deferred income tax liabilities\n goodwill 47800\n final purchase price $ 73200\n intangible assets identified valued.\n relationship trade name identifiable values.\n fair value determined income approach.\n customer relationship base disposable.\n trade name"
}
{
    "_id": "dd4bf83c4",
    "title": "",
    "text": "graph compares yearly stockholder return last five years market price common stock return nasdaq composite index.\n peer group medical equipment 3840-3849 index.\n assumes investment $ 100 march 31 2010 common stock nasdaq composite index.\n peer group reinvestment dividends.\n 3/31/2010/31/2015\n abiomed inc 140. 215. 180. 252. 693.\n nasdaq composite index 115. 128. 136. 175. 204.\n medical equipment 3840-3849. 115. 105. 123. 118.\n not material securities exchange act 1934 not filed securities exchange commission not incorporated securities act 1933.\n american stock transfer trust company 59 maiden lane new york."
}
{
    "_id": "dd4c178a0",
    "title": "",
    "text": "valuation allowance 30 september 2016 $ 155. 2 tax federal capital loss $ 48. foreign loss $ 37. 7 assets $ 58. energy-waste business 2016.\n reversal valuation tax expense.\n future earnings reversal deferred tax tax assets 2016.\n deferred tax liability unremitted earnings decreased dividend subsidiary south.\n impacted activity dividend tax credit adjustments currency translation undistributed earnings foreign subsidiaries ventures.\n.\n income taxes undistributed earnings.\n earnings balance $ 6300. 9 30 september 2016.\n estimated $ 1467. 8.\n income taxes due remitted dividends deferred taxes.\n reconciliation unrecognized tax benefits.\n 2015 balance $ 97. 5 $ 108. 7 $ 124. 3\ntax positions 15. 6. 8.\n prior 3. 7. 4.\n reductions. 3\n. 2014\n statute limitations expiration.\n. 5 2014\n balance end $ 106. 9 $ 97. 5 108.\n 2016 2015 $ 106. 9 $ 97. 5 unrecognized tax benefits excluding penalties $ 64. 5 $ 62. 5 tax rate.\n income tax $ 2. 3 2016 1. 8 2015 1. 2 2014.\n balance interest penalties $ 9. 8 $ 7. 5 30 2016 2015."
}
{
    "_id": "dd4bd7318",
    "title": "",
    "text": "2015 price r$ 218/mwh.\n expiration contract eletropaulo tiet ea strategy contract physical guarantee sell remaining spot market.\n strategy market conditions hydrology.\n selling energy 2016 medium-term contracts three to five years.\n december 31 2016 contracted portfolio 95% 88% 88 % average prices r$ 157 mwh r$ 159/mwh 2017.\n brazil hydro-based energy prices tied deterioration hydrology 2014 increase energy prices.\n monitoring supply conditions commercialization.\n concession agreement increase capacity 15%.\n regulatory environmental hydrological fuel constraints.\n state potential wind power small hydro.\n capacity increases thermal gas projects.\n gas-fired projects.\n petrobras refuses supply natural gas.\n no regulations natural gas swaps unfeasible bring natural gas.\nlegal case initiated e3o paulo requiring investment.\n analyzing options.\n uruguaiana 640 mw gas-fired power plant rio grande do sul commissioned december 2000.\n aes manages 46% interest remaining bndes.\n operations suspended april 2009 unavailability gas.\n evaluated alternatives gas supply.\n capacity restrictions argentinean pipeline winter demand.\n plant operated short-term february 2013 2014 2015.\n 2016.\n securing gas long.\n installed capacity 150136 mw 65% hydroelectric 19% thermal 16% renewable.\n national grid divided four subsystems.\n southeast uruguaiana south.\n ministry mines energy determines maximum energy plant physical guarantee long-term average energy production.\n companies auctions contracts.\n national system operator grid.\nons dispatches generators hydrological conditions reservoir levels electricity demand prices fuel thermal generation.\n reduces hydro increases thermal reservoir levels.\n brazil operator controls hydroelectric generation reservoir levels.\n energy reallocation mechanism hydrological risk generators.\n generate less purchase energy.\n generation higher surplus shared among participants revenue selling excess.\n consequences unfavorable hydrology thermal plants expensive lower hydropower generation high spot prices.\n aneel defines spot price cap electricity brazilian.\n average prices.\n 534 423  388  822\n average spot rate 94  287 689"
}
{
    "_id": "dd4be4f72",
    "title": "",
    "text": "positions collateral defaulting firm at clearing organization cross-margining loss sharing payments participating liquidating surplus deficit additional surplus shared with other clearing house.\n surplus funds passed to bankruptcy trustee.\n.\n $ 550. 0 million guarantee accelerate distribution funds.\n trustee distributed more property than company cash payment for erroneous up to $ 550. 0 million.\n payment after trustee property distributed.\n payment seek reimbursement property.\n guarantee cover distributions claims.\n trustee payments likelihood payment remote.\n guarantee liability estimated immaterial at december 31 , 2012.\n farmer rancher protection fund.\n 2012 company established.\n payments to family farmers ranchers agricultural industry participants cme group products losses due to clearing member insolvent.\nfund farmers ranchers eligible $ 25000 per participant.\n cooperatives $ 100000 per cooperative.\n maximum payment $ 100. million.\n payments exceed pro-rated.\n members customers must register provide documentation eligibility.\n peregrine financial group.\n filed for bankruptcy protection july 10 2012.\n not customers not registered fund.\n not eligible payments.\n fund newly implemented customers agricultural industry participants company terms conditions bankruptcy eligible farmers ranchers cooperatives apply benefits.\n recorded liability $ 2. million at december 31  2012.\n.\n redeemable non-controlling interest changes interest years.\n statements equity.\n 2011\n balance at january $ 70.\n contribution dow jones.\n.\n allocation stock-based compensation.\nincome redeemable non-controlling interest.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n. compensation\n.\n.\n.\n. redeemable non controlling\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n."
}
{
    "_id": "dd4b96e3a",
    "title": "",
    "text": "mastercard incorporated notes financial statements 2014 table summarizes expected benefit payments 2019 pension plans company assets.\n-sum may differ.\n 2010 18181\n 2011 27090\n 2012 21548\n 2013 25513\n 2014 24002\n 2015-2019 128494\n company.\n employees participate defined contribution savings plan.\n allows contribute base compensation pre-tax after-tax.\n company matches contributions limits.\n discretionary profit sharing performance.\n paid short-term cash incentive bonus.\n company defined contribution plans outside united states.\n contribution expense $ 40627 $ 35341 $ 26996 2009 2008 2007.\n.\n maintains plan health coverage life insurance.\n employees hired before 1 2007.\n amended life insurance benefits january 1 2007.\n increase $ 1715 income 2007.\n2009 company $ 3944 expense enhanced postretirement voluntary transition program."
}
{
    "_id": "dd4bd4730",
    "title": "",
    "text": "consolidated financial statements 2014 merchant acquiring business united kingdom.\n hsbc uk ten-year marketing alliance customers payment processing services.\n june 23 2008 five year $ 200 million term loan acquisition.\n purchase price excess cash credit facilities.\n loan interest prime london interbank margin leverage.\n july 1 2008 interest rate 3. 605%.\n quarterly principal payments $ 5 million august 31 2008 $ 10 million 2010 $ 15 million 2011.\n partnership agreement provisions hsbc purchase additional membership units option.\n fifth anniversary.\n purchase 15% membership units.\n tenth anniversary purchase units.\n june 2013 maximum redemption $ 421. 4 million may 31  2008.\n acquisition establish presence united.\nfactors analysis market share retail presence united kingdom.\n purchase price determined multiples.\n $ 441. million $. million cash $ 2. 5 million pocket costs.\n recorded allocated assets liabilities estimated values.\n preliminary purchase price allocation.\n 294741\n customer intangible assets 116920\n contract-based intangible assets 13437\n trademark 2204\n property equipment 26955\n current assets\n acquired\n minority interest equity subsidiary -13257\n assets acquired 441100\n preliminary.\n goodwill deductible tax.\n assets 13 years.\n contract-based 7.\n trademark 5."
}
{
    "_id": "dd4bee4e6",
    "title": "",
    "text": ".\n deferred financing costs $ 51 million $ 60 million amortization 2007 2006.\n amortization $ 13 million $ 15 million $ 14 million included interest expense statements operations.\n amortization property equipment capital leases $ 2 million $ 3 million 2007 depreciation amortization state.\n stockholders fifty million shares common stock par value $ 0. 01 per share authorized 522. 6 million 521. 1 million outstanding december 31 2007 2006.\n fifty million no par value preferred stock authorized 4. million.\n 90% taxable income capital gain.\n 100% income.\n preferred dividends quarterly dividend.\n determined board directors.\n dividends 2007 2006 2005 ordinary income.\n common preferred dividends per share.\n.\nb stock 10% 10 % 2014.\n c 10% 10 %.\n 87/8%.\n 7/8% %. 2006 issued 133. million shares starwood.\n.\n converted convertible debentures 24 million shares common stock.\n remainder redeemed $ 2 million 2006.\n.\n publicly-traded 4034400 shares 7/8% 7/8 % stock.\n cash dividends 7/8% 7/8 % per annum $ 25. per share payable quarterly.\n 2 2009 option redeem stock $ 25. per share dividends.\n senior common.\n no voting rights.\n accrued dividends december 31 2007 2006 $ 2 million.\n 2005 redeemed shares c b stock.\n fair value exceeded carrying value $ 6 million $ 4 million.\namounts represent issuance costs.\n class c b preferred stock reflected in net income calculating diluted earnings per share.\n 1998 board adopted dividend one preferred stock purchase right distributed each share.\n entitles buy 1/1000th stock exercise price $ 55 per share subject adjustment.\n rights exercisable 10 days after ownership 20%.\n shares owned november 3 1998 exempt ownership.\n rights non-voting expire november 22 2008 unless exercised for $. 005 each.\n right entitles holder purchase common stock twice exercise price.\n repurchase plan authorized repur chase $ 500 million common stock.\n purchased open market or private market conditions.\n plan obligate repurchase suspended management.\n income taxes reit effective january 1 1999.\n revenue code 1986.\ncorporation elects reit status meets tax law requirements distribution taxable income stockholders revenues not subject federal state taxation operating income stockholders.\n taxes retained income subject taxes 201cbuilt-in-gains sales assets.\n taxable reit subsidiaries subject federal state foreign 4/8/08 4:02 pm"
}
{
    "_id": "dd4bb2c98",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries management risk committee risk governance committee approve market risk limits sub-limits at firmwide business product levels risk appetite statement.\n market risk management sets limits at product desk levels.\n assist senior management risk profile.\n sub-limits set below approved.\n maximum exposure without senior management approval decisions to desk managers traders.\n sub-limits management tool escalation risk tolerance.\n distribute risk among businesses with activity client demand.\n market risk limits monitored daily by risk management limits.\n. escalated to senior managers risk committee.\n remediated by inventory reduction increase risk limit.\n model review validation testing models reviewed incorporate changes positions variations market conditions.\n management performs validations.\nchanges to var stress testing models reviewed with risk financial officer approved by firmwide risk committee.\n risk management.\n in technology market risk independent calculation var stress measures position levels attribution report views. ad hoc analyses.\n analyze var firmwide detailed levels risk category business region.\n tables present average daily period-end var high low var.\n diversification effect difference between four risk categories.\n.\n average daily var by risk category.\n 2017 2016 2015\n interest rates\n equity prices\n currency rates\n commodity prices\n diversification effect\n average daily var decreased to $ 54 million 2017 from 63 million 2016 due to reductions risk categories offset decrease diversification effect.\n due to lower volatility.\naverage daily $ 63 million 2016 76 million 2015 risk categories offset diversification.\n reduced exposures.\n"
}
{
    "_id": "dd4bfc870",
    "title": "",
    "text": "marathon oil corporation financial statements stock appreciation rights granted sars 2003 plan.\n no 2007 plan.\n right receive payment fair market value shares common stock grant.\n 2003 plan granted stock-settled stock options.\n sars granted vest three-year period maximum term ten years.\n stock-based performance awards 2003.\n no 2007 plan.\n discontinued cash-settled performance units.\n awards 2003 plan vested forfeited.\n no outstanding awards.\n restricted stock 2007 plan 2003 plan.\n 2005 committee time-based restricted stock. officers marathon long-term incentive package.\n vest three years grant contingent employment.\n restricted stock non-officer employees international employees performance retention.\nrestricted stock awards non-officers vest one-third three-year contingent employment 2008 four-year employment.\n recipients vote receive dividends.\n non-vested shares not transferable held transfer agent.\n equity compensation program non directors 2007.\n directors receive grants common stock hold board.\n dividends paid receive additional stock units.\n $ 43 million $ 66 million $ 78 million 2008 2007 2006.\n income tax benefits $ 16 million $ 24 million $ 29 million.\n cash $ 9 million $ 27 million.\n benefits deductions $ 7 million $ 30 million.\n cash settlements $ 1 million 2007.\n no cash settlements 2008.\n officer non-officer employees.\n grant value.\n exercise price per share $ 51. $.\n dividends share.\n life years 4. 8 5.\n volatility 30% 30 % 27% 27 % 28% 28 %\n risk-free interest 3. 1% 4 5\n average stock option $ 13. 17."
}
{
    "_id": "dd4bd4262",
    "title": "",
    "text": "issuer purchases equity securities table purchases three months december 31 2013 equity securities registered section 12 exchange act total number shares purchased average price paid per share plans programs dollar value shares.\n price paid share dollar value\n october 2013 781118739\n november 2013 1191867. 664123417\n december 2013 802930. 580555202\n 1994797 $ 100.\n 2013 april 2013 board replaced share repurchase authorization $ 1 billion authorization $ 1 billion expiring june 30 , 2015.\n shares purchased prices open market block purchases privately-negotiated transactions subject regulatory restrictions.\n february 1  2014 remaining authorized amount approximately $ 580 million.\n.1 million shares."
}
{
    "_id": "dd4b86b98",
    "title": "",
    "text": "2009 annual report 2008 revenues credit union systems services increased 14% 2007.\n revenue components.\n license revenue largest growth system credit unions strong sales.\n revenue largest 34 percent growth eft support 10 percent in-house support.\n gross profit increased $ 9344 2008 license revenue highest margins.\n positive cash flow operations used funds short borrowings revolving credit capital requirements.\n expect trend.\n cash equivalents increased $ 118251 june 30 2009 $ 65565 2008.\n summarizes net cash operating activities 2009.\n net income $ 103102\n non-cash expenses 74397\n receivables\n deferred revenue\n assets liabilities\n net cash operating activities $ 206588\ncash increased $ 25587 to $ 206588 2009 $ 181001 2008.\n receivables $ 21214.\n 2010 software maintenance billings more cash collected.\n more cash 2008.\n investing $ $ 3027 contingent consideration acquisitions.\n $ 102148 $ 48109 $ 1215 contingent consideration.\n capital expenditures 2009 $ 31562 $ 31105 2008.\n software development $ 24684 $ 23736.\n financing $ 94675 repurchase 3106 shares common stock dividends $ 26903 $ 13489 repayment revolving credit facilities.\n offset proceeds $ 3773 stock options sale $ 348 excess tax benefits.\n cash $ 101905 repurchase 4200 shares common stock $ 100996 dividends $ 24683 $ 429 net repayment revolving credit facilities.\nfinancing offset by $ 20394 stock options sale common stock $ 3809 excess tax benefits.\n fiscal 2008 us financial markets institutions shaken negative developments home mortgage industry subprime mortgage-backed securities.\n global economic downturn.\n issues collection efforts future impact liquidity minimized by cash recurring revenue credit."
}
{
    "_id": "dd4ba111e",
    "title": "",
    "text": "2014 company acquisitions purchase price $ 9.\n assets plant $ 17.\n liabilities assumed $ 8 $ 5 contributions construction debt $ 2.\n 2013 fifteen acquisitions net purchase price $ 24.\n assets utility plant $ 67.\n liabilities $ 43 $ 26 contributions construction debt $ 13.\n 2013 acquisition capital stock dale service corporation cash purchase price $ 5 $ 7 liabilities.\n business combination results.\n purchase price allocated assets values.\n property equipment.\n assets liabilities recorded book value subject regulatory approval.\n acquired debt valued level 3 debt.\n.\n non-cash assets utility plant $ 41 liabilities $ 36 debt $ 13 contributions $ 19.\n 2014 sale terratec.\npost-close adjustments proceeds sale $ 1 pretax loss $ 1.\n table summarizes results discontinued operations december 31.\n 2014\n revenues $ 13 $ 23\n expenses 19 26\n loss before income taxes -6 ( 6 -3 ( 3\n provision income taxes -1\n loss tax $ -7 ( 7 $ -2 2\n provision tax expense taxable gains.\n no assets liabilities balance sheets december 31 2015."
}
{
    "_id": "dd4c1bb3a",
    "title": "",
    "text": "april 2009 fasb issued guidance asc 820 fair value asset liability volume activity decreased identifying transactions orderly.\n financial statements.\n august 2009 fasb issued 2009-05 201cmeasuring liabilities fair value amends asc 820 quoted price market identical liability.\n company included disclosures financial statements.\n uncertainty income taxes june 2006 fasb issued guidance asc 740 taxes.\n prescribes recognition threshold measurement attribute financial statement tax position.\n tax position recognized sustained tax authority.\n measured tax benefits 50% probability.\n expands income tax disclosure requirements.\n international paper applied first quarter 2007.\n charge retained earnings $ 94 million.\n industry segment 2009 2008 2007 pages 47 48.\njanuary 1 2008 company changed allocating overhead expenses business amounts performance comparisons.\n revised presentation industry segment profit allocation adjusted comparative prior period information.\n earnings per share international paper company shareholders computed dividing by weighted average common shares outstanding.\n diluted earnings computed potentially dilutive securities including stock options converted into common shares year.\n computation diluted earnings reflects inclusion contingently convertible securities dilutive.\n reconciliation amounts earnings 2009 2008 2007.\n earnings loss ) operations $ 663 $ $ 1215\n effect dilutive securities 2013\n loss $ 663\n average common shares outstanding 425.\n effect dilutive securities restricted performance share plan.\n options.\ncommon shares 2013 dilution 428. 421. 433.\n loss operations $ 1. 56 -3. 2. 83\n loss 1. 55 -3. 2. 81\n shares 2013 428. 421. loss 1. 56 3. 2. 83 1. 55. 2. 81 securities not included anti dilutive.\n options purchase 22. 2 million 25. 1 million 17. 5 million shares 31 2009 2008 2007 not included diluted shares price exceeded average market price common stock.\n restructuring 31.\n"
}
{
    "_id": "dd4b8f518",
    "title": "",
    "text": "stockholder return graph compares 5-year return common stock nasdaq composite s&p 400 information technology index.\n assumes investment common stock index december 31 2011 $ 100 year 2016.\n 5 year return cadence design systems. nasdaq composite index s&p 400 information technology.\n$ 100 invested 12/31/11 reinvestment dividends.\n month-end.\n s&p global.\n.\n 12/31/2011 12/29/2012 12/28/2013 1/3/2015 1/2/2016/31/2016\n cadence design systems. 129. 133.\n nasdaq composite. 165 216\n s&p 400 information technology. 170 178 219.\n stock price performance not indicative future price performance."
}
{
    "_id": "dd4b8b742",
    "title": "",
    "text": "5.\n common equity issuer purchases january 25 2019 26812 holders common stock $ 1 share.\n traded new york stock exchange symbol lmt.\n dividends lockheed martin common stock dividends.\n 2.\n.\n.\n.\n.\n stockholder return performance graph compares return $ 100 lockheed martin common stock december 31 2013 s&p 500 index s&p aerospace defense index.\n arconic. general dynamics harris huntington l3. lockheed northrop grumman raytheon textron. boeing transdigm. united technologies.\n return performance not guarantee future performance."
}
{
    "_id": "dd4b94928",
    "title": "",
    "text": "fluctuation sale investment differ current value.\n fluctuations market price from changes economic characteristics issuer alternative investments market conditions.\n table summarizes equity investments subject price fluctuations at december 31 2012.\n included consolidated balance sheets.\n tax.\n&fbovespa. $ 262. $ 690. $ 271.\n valores. 29 29.\n.\n hedge against equity price risk.\n investments assessed for temporary impairment quarterly."
}
{
    "_id": "dd4c066e0",
    "title": "",
    "text": "subsidiaries premiums years december 31 2009 2008 2007 millions.\n percentages amount ceded amount percentage assumed.\n 31 2008 2007 millions. amount ceded net amount percentage\n 2009 $ 15415 $ 5943 $ 3768 $ 13240 28% 28 %\n 2008 $ 16087 $ 6144 $ 3260 $ 13203 25% 25 %\n 2007 $ 14673 $ 5834 $ 3458 $ 12297 28% 28 %"
}
{
    "_id": "dd4c44684",
    "title": "",
    "text": "2015 management actions sale transfer $ 1. 5 billion delinquent residential first mortgages $ 0. 9 billion fourth quarter transfer citifinancial loans-sale primary driver improvement delinquencies citi holdings 2019 residential mortgage portfolio.\n credit performance impacted delinquent loan sales transfers-for-sale trends hpi interest rates.\n north america residential first mortgages 2014state delinquency trends tables six.\n states regions highest concentration citi residential first mortgages.\n billions dollars\n $ 19. 37% ( 37 % ). 2%. 1% ( 1 % $ 18. 31% ( 31 % ). 6%. % 2% ( 2 % )\n.8  1  751  12. 20 . 9 740\n. 719  3.  695\n. 735  2. 5. 9  713\n. 723 . 700\n. 9. 2014  711  2. 5. 7 680\n 11. 21 . 710  18. 30  3.  677\n 5 $ 51. 100% ( 100 % ). 7%. 7 % 1% 1 % 738  $ 60. 100% 100 % 2. % 4% 4 % 715\n 51. 100% 100 %. % 738 $ 60. 100 %. 4% 4 % 715 totals.\n states region.\n.\n loans canada puerto rico guaranteed.\n recorded long term commitments.\n balances unavailable.\nltv ratios loan balance appraised value calculated at origination updated market price data.\n new york jersey connecticut florida illinois judicial states.\n improvement trends 2015 due to residential first mortgages fourth quarter.\n majority citi 2019s foreclosure inventory residential.\n december 31 2015 inventory $ 0. 1 billion. 2%. total residential first mortgage portfolio $ 0. 6 billion 0. 9%. 2014 excluding guaranteed.\n agencies.\n loan portfolio fixed-rate lines of credit.\n-rate loans amortizing.\n amortizing loan.\n 20-year amortization period.\n december 31 2015 2019s loan portfolio $ 22. 8 billion $ 6. 3 billion fixed-rate $ 16. 5 billion home equity lines of credit."
}
{
    "_id": "dd4b985b4",
    "title": "",
    "text": ".\n discontinued operations second quarter 2012 authorized sale homecare business merchant gases.\n.\n third quarter 2012 sold majority linde group proceeds 20ac590 million $ 777 gain $ 207. 70 per share.\n proceeds 20ac110 million $ 144 contingent retender arrangements.\n reflected payables accrued liabilities consolidated balance sheet 30 2013.\n return proceeds linde.\n fourth quarter 2014 payment liability gain $ 1.\n third quarter impairment charge $ 33. per share remaining business net realizable value.\n fourth quarter 2013 additional charge $ 18. per share net realizable value.\n first quarter 2014 sold remaining homecare business. million $. gain sale $ 2.\n operations guarantee contracts.\n.\n results discontinued operations.\n.$ 52. $ 258.\n before taxes. 3. 68.\n tax. 20.\n discontinued operations. 47.\n sale business tax. 120.\n discontinued operations tax $ 4. 168.\n assets liabilities discontinued operations homecare 2013 $ 2. 5 receivables $ 2. 4 payables liabilities.\n 30 2014 no discontinued."
}
{
    "_id": "dd4c11b12",
    "title": "",
    "text": "realty trust estate depreciation 2006 depreciation amortization.\n 31 2003 $ 514177\n additions 82551\n deductions -1390\n balance 2004 595338\n additions 83656\n deductions -15244\n balance 2005 663750\n additions 89564\n deductions -12807 12807\n balance december 31 2006 $"
}
{
    "_id": "dd4bd6c1a",
    "title": "",
    "text": "jpmorgan chase. annual report wholesale credit portfolio environment favorable 2013 increase commercial client activity.\n underwriting key market conditions risk management activities.\n wholesale portfolio managed reviews credit quality industry product client concentrations.\n criticized nonperforming assets decreased 2012 reduction nonaccrual loans 39% 39 %.\n december 31 2013 wholesale exposure increased $ 13. 7 billion 2012 $ 11. 4 billion lending commitments $ 8. 4 billion loans client activity.\n offset $ 9. 2 billion decrease derivative receivables.\n interest rate derivatives commodity.\n offset increase equity derivatives markets.\n credit portfolio exposure nonperforming.\n loans retained 308263\n held-for-sale\n fair value\n 2013\nreceivables 65759 74983 415 239\n 26744 23648 2014\n wholesale credit-related assets 414067 411814 1459 1956\n lending commitments 446232 434814 355\n credit exposure $ 860299 846628 $ 1665 2311\n derivatives -27996 -27447 27447\n liquid securities cash collateral derivatives -14435\n 26744 23648 credit assets 414067 411814 1459 commitments 434814 credit exposure $ 860299 846628 1665 2311 derivatives 27996 27447 liquid securities cash collateral 2013 loans restructurings reclassified nonperforming.\n.\n receivables margin loans retail brokerage customers accrued interest balance sheets.\n protection purchased credit derivatives qualify hedge accounting.\n.\n credit portfolio.\ncredit derivatives pages 137 6 220 annual.\n excludes assets loan."
}
{
    "_id": "dd4b9f4ea",
    "title": "",
    "text": "devon energy corporation subsidiaries financial statements 2013 reserves changes reserves 2013.\n.\n undeveloped reserves december 31 2012 407  433 840\n extensions discoveries\n revisions due prices\n -91 -78\n conversion reserves -116 -147\n reserves december 31 2013 258 443 701\n devon 701 undeveloped reserves.\n 17 percent decrease 2012 24 percent reserves.\n drilling development activities increased reserves 95 147 18 percent 2012 reserves reserves.\n costs development conversion $ 1. 9 billion 2013.\n revisions price decreased reserves 78 evaluations.\n onshore dry-gas areas.\n revisions cana-woodford shale carthage barnett shale.\n reserves 2013 jackfish operations.\ndevon 2019s jackfish undeveloped reserves 441 429.\n controlled processing plants 35000 barrel capacity.\n steam capacity-oil ratios air.\n reserves undeveloped five years.\n development schedule extends 2031.\n reserves increased 94 higher gas prices.\n 43 barnett 19 rocky mountain.\n decreased 171 lower gas prices.\n 100 barnett shale 25 rocky mountain.\n decreased 21 lower gas higher oil prices.\n royalty burden reduced oil reserves.\n dry gas regions cana-woodford shale barnett shale carthage"
}
{
    "_id": "dd4c3d2d0",
    "title": "",
    "text": "1b.\n staff.\n summary containerboard mills principal products year-end 2011 machines.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n-chemical medium mill.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n-chemical medium.\n mills corrugated manufacturing operations.\n warehouse property sales offices.\n.\npca leases space four plants 23 sheet plants six design centers distribution centers warehouses facilities.\n equipment owned by pca except forklifts rolling stock leased.\n cutting rights 88000 acres timberland near valdosta mill 77000 counce mill 11000.\n agreements 12 years.\n headquarters lake forest illinois.\n leased ten years two five year lease extensions.\n.\n pca eight.\n containerboard producers defendants five class action lawsuits northern illinois violations sherman act.\n lawsuits consolidated complaint kleen products packaging.\n.\n defendants limit supply containerboard prices 2005.\n.\n seeks damages costs attorney fees.\n motions dismiss denied 2011.\n allegations merit lawsuit.\n early stages predict outcome estimate losses.\npca party to legal actions business.\n cover claims entire business.\n believe not possible resolution adverse effect on financial condition results operations cash flows."
}
{
    "_id": "dd4c2596e",
    "title": "",
    "text": "liquidity monitoring stress testing performed for citi 2019s major entities subsidiaries countries.\n impact liquidity event on balance sheet liquidity position identify funding alternatives.\n scenarios include funding sources market triggers credit ratings funding political economic conditions.\n market conditions company events.\n stress tests mismatches between liquidity sources uses over time.\n liquidity limits set.\n stress tests mismatches calculated varying frequencies daily.\n citi maintains contingency funding plans.\n actions for adverse market conditions stresses.\n short-term liquidity measurement coverage ratio monitors liquidity lcr.\n.\n adequate level liquidity needs acute 30-day stress scenario.\nlcr calculated hqla net outflows 30-day period factors liabilities deposits unsecured borrowings unused lending commitments derivatives exposures offset inflows assets maturing 30 days.\n banks calculate add-on maturity mismatches cash outflows inflows.\n minimum lcr requirement 100% effective january 2017.\n 2016 federal reserve board rules disclosures financial institutions citi.\n hqla lcr inflows outflows.\n maturity mismatch add-on disclosures.\n effective date april 1  2017.\n table lcr calculation hqla outflows.\n.\n.\n.\n.\n $ 403. $ 389.\n net outflows 332. 335. 344.\n 121% 120% 113%\n net outflows $ 71. 68. 44.\namounts table average.\n citi 2019s lcr increased year-over-year sequentially.\n driven hqla reduction net outflows.\n unchanged.\n net stable funding ratio quarter 2016 federal reserve board fdic occ proposed rule nsfr requirement.\n. consistent final nsfr rules.\n bank stable funding.\n equity deposits long-term debt required liquidity characteristics assets derivatives commitments.\n standardized weightings asset liabilities classes.\n ratio available funding required greater 100%.\n citi compliant.\n nsfr rules december 31 2016 evaluate final version 2017.\n rules implementation.\n january 1 2018."
}
{
    "_id": "dd4c5eaa2",
    "title": "",
    "text": "transfers inventory income tax effects deferred until sold third party.\n cadence adopted new standard fiscal 2018 modified retrospective transition approach cumulative-effect adjustment retained earnings $ 8. 3 million.\n write-off income tax transfers new deferred tax assets.\n.\n increased volatility future tax rates.\n stock-based compensation 2017 modification accounting changes share-based payment award modification.\n adopted standard 2018.\n impact financial statements.\n cumulative effect adjustments earnings new accounting standards.\n balance december 30 2017 $ 341003\n cumulative effect adjustment new accounting standards\n revenue contracts\n financial instruments financial assets liabilities\n income taxes intra-entity transfers assets other inventory\n balance december 30 2017\n net income\ndecember 29 2018 $ 772709\n cumulative adjustment contracts net income tax $ 17. 5 million.\n new accounting standards february 2016 2016-02 recognition lease liabilities right-of-use assets balance leases 12 months.\n new standard first quarter fiscal 2019.\n modified retrospective approach leases.\n effective date earliest comparative period financial statements.\n adopted standard december 30 2018 fiscal 2019 effective date initial application.\n financial information disclosures first quarter 2019.\n cadence transition guidance standard conclusions lease identification."
}
{
    "_id": "dd4b92240",
    "title": "",
    "text": "credit commitments lines table summarizes citigroup credit commitments 2009 2008 millions.\n.\n. 2009 2008\n commercial letters credit $ 1321 $ 5890 $ 7211 8215\n one- four-family residential mortgages 788 1070 937\n revolving open-end loans 20914 3002 23916 25212\n commercial real estate construction land development 1185 519 1704 2702\n credit card lines 649625 135870 785495 1002437\n commercial consumer loan commitments 167510 257342 309997\n $ 841343 $ 235395 $ 1076738 1349500\n unused commitments contingent credit standards.\n commitments floating interest rates fixed expiration dates require fees.\n deferred amortized loan.\n commercial letters credit citigroup substitutes credit.\n evidence.\n citigroup.\n- to four-family residential mortgages confirmation citigroup seller sums purchase.\n revolving open-end loans secured home equity lines of credit.\n secured by primary second home excess fair market value over debt first.\n commercial real estate construction land development commercial multifamily residential properties land development projects.\n secured-by-real-estate unsecured commitments undistributed loan proceeds progress payments.\n extensions credit funded total loans.\n credit.\n cancellable.\n commercial consumer loan commitments overdraft liquidity facilities purchase loans third-party receivables note issuance revolving underwriting invest equity.\n $ 126 billion $ 170 billion maturity less than one year at december 31  2009  2008.\n highly leveraged financing commitments funding borrower higher debt.\nfinancing acquisitions management buy-outs."
}
{
    "_id": "dd4c1fb36",
    "title": "",
    "text": "management institutional services fixed income currency commodities.\n interest rate credit mortgages currencies commodities.\n 2030 interest.\n government bonds treasury bills repurchase agreements interest rate swaps options derivatives.\n 2030 credit products.\n securities high-yield credit derivatives bank loans municipal securities emerging market distressed debt trade claims.\n mortgages.\n commercial residential.\n collateralized obligations asset-backed.\n 2030 currencies.\n growth-market currencies.\n commodities.\n crude oil petroleum natural gas metals electricity coal.\n.\n commissions fees transactions stock options futures exchanges.\n securities services financing securities lending brokerage interest rate spreads.\n results institutional services segment.\n 2014 2013 2012\n\n income commodities 8461 9914\n 2079 2594\n commissions fees 3153\n securities services 1504\n equities 6736 7070\n revenues 15197 15721\n expenses 10880\n pre-tax earnings 4317 3929 5634\n.\n revenues reinsurance $ 317 million 2013 $ 1. billion 2012.\n majority.\n"
}
{
    "_id": "dd4be7d3a",
    "title": "",
    "text": "required stock pay quarterly dividends available funds.\n declare funds dividend junior stock parity stock redeem purchase acquire stock unless paid funds dividends periods.\n paid quarterly dividends $ 0. 265625 per share february 1 may 1 august 3 november 2 2009 2008.\n annual cash dividend december 31 2009 2008 $ 10 million $ 10 million.\n 2010 declared cash dividend $ 0. 265625 per share preferred stock $ 3 million $ 0. 04 per share common stock $ 6 million.\n november 2 2009 to january 31 2010 paid february 1 holders.\n redeem preferred stock february 22 , 2010.\n holders convert shares 5:00 p. february 19 , 2010 redemption date.\noutstanding shares december 31 2009 redemption preferred stock cash dividends 2010 less than 2009.\n amount cash dividends restricted by senior credit agreement.\n decision declare dividends discretion board directors results operations cash requirements financial condition contractual restrictions factors.\n purchases equity securities table repurchases common stock three months ended december 31 2009 shares purchased average price paid per share dollar value shares remaining.\n value\n october 1-31 2009 24980. 122300000.\n november 1-30 2009.\n december 1-31 2009.\n shares withheld withholding requirements income taxes stock.\n no shares purchased three months ended december 31 2009 stock repurchase plan.\njob d70731 033000000 05:41 valid no graphics color"
}
{
    "_id": "dd4bd9a46",
    "title": "",
    "text": "part ii item 5 2013 market registrant 2019s common equity stockholder matters issuer purchases securities common stock listed new york stock exchange traded symbol 201cpnc. close february 15 2013 75100 shareholders.\n entitled dividends declared board directors funds.\n board pay dividends past periods paid.\n quarterly cash dividends.\n future dividends economic market conditions financial condition operating results contractual restrictions government regulations policies regulatory capital limitations.\n dividend subject federal reserve 2013 capital analysis review.\n federal reserve dividends without approval.\n information dividend restrictions loans dividends advances subsidiaries 201csupervision regulation 201d 201cfunding capital sources risk management preferred securities 14 capital securities subsidiary trusts trust securities 22 regulatory matters consolidated financial statements item 8.\ninformation pnc common stock prices/dividends statistical information item 8 report.\n compensation plans pnc equity securities authorized issuance december 31 2012 table item 12.\n registrar stock transfer agent dividend disbursing agent computershare trust company.\n 250 royall street canton 800-982-7652 201ccommon stock performance 201d item 5.\n.\n.\n repurchases pnc common stock fourth quarter 2012 table thousands 2012 total shares purchased average paid shares maximum number shares.\n total averagepricepaid pershare\n october 1 2013 31 $ 60.\n november 1 2013 750 $ 55.\n december 1 2013 31 $ 55. 21551\n $.\nrepurchases pnc common stock fourth quarter 2012 redeemed 5001 shares series m stock december 10  2012.\n established pnc non-cumulative perpetual preferred stock series m former e.\n december 10 2012 issued $ 500. 1 million 5001 shares series m stock national city capital trust i stock purchase contract agreement pnc january 30  2008.\n redeemed 5001 shares december 10 2012 redemption price $ 100000 per share.\n pnc common stock purchased employee benefit plans.\n.\n current stock repurchase program 25 million shares open market privately negotiated transactions.\n authorized october 4 , 2007 until.\n repurchases market economic conditions regulatory capital considerations alternative uses capital credit ratings contractual regulatory limitations federal reserve capital adequacy program.\n pnc services.\n"
}
{
    "_id": "dd4b8f41e",
    "title": "",
    "text": "impairments recorded in income operations.\n statement guidance testing goodwill.\n company had $ 3. 2 billion goodwill at december 31  2001.\n goodwill amortization $ 62 million.\n assessing impact of sfas.\n 142 on financial position results.\n june 2001 fasb issued.\n asset retirement obligations retirement long-lived assets costs.\n effective for financial statements years after june 15 2002.\n recognition obligations retirement asset.\n assessing impact.\n 143 financial position results.\n 2001 fasb revised conclusion purchase sale electricity.\n qualify for normal purchases sales exemption not derivatives.\n.\n criteria physical delivery electricity.\n contracts price underlying not related electricity denominated currency foreign not normal derivatives.\n.\n effective april 1 2002.\ncompany assessing impact dig issue c-15 financial results.\n revenues increased $ 1. 8 billion 24% 24 % $ 9. 3 billion from 7. 5 billion 2000.\n due acquisition businesses operations improvements operations.\n increased 5% 5 % $ 7. 1 billion.\n table revenue.\n generation 2. 5 billion. 47% 47\n supply. 13% 13\n utilities. 14% 14 %\n. 31% 31\n contract generation revenues increased $ 800 million 47% 47 % $ 2. 5 billion 2001 1. 7 billion 2000.\n increased 2% ( 2 % $ 1. 7 billion.\n due increases south america/africa asia.\n increased $ 472 million acquisition reduced revenues.\n increased $ 88 million acquisition controlling interest kilroot.\ncontract revenues increased $ 96 million ecogen plant"
}
{
    "_id": "dd4c1e48e",
    "title": "",
    "text": "estimate future cash flows beyond 12 months uncertainties tax audit outcomes.\n remaining unrecognized tax liability classified other liabilities.\n accrued interest penalties.\n 2017 recognized $ 5. 6 million penalties $ 23. 1 million penalties may 28 2017.\n 2016 benefit $ 2. 7 million $ 32. 1 million penalties may 29.\n.\n leases warehouse space equipment.\n rent expense leases $ 188. million 2017 $ 189. 1 million 2016 $ 193. million 2015.\n leases require property taxes insurance maintenance costs.\n contingent escalation rent sublease income insignificant.\n noncancelable future lease commitments capital.\n.\n.\n.\n.\n.\n.\n noncancelable future lease commitments.\n.\nvalue obligations under capital leases.\n depreciation on leases recorded as expense in results operations.\n 28 issued guarantees $ 504. 7 million consolidated subsidiaries $ 165. 3 million non-consolidated affiliates.\n off-balance sheet arrangements limited future payments under non-cancelable operating leases totaled $ 500. 7 million.\n.\n consumer foods industry.\n new global orga structure leadership scale operational agility.\n results four operating segments north america retail. percent convenience stores foodservice. australia. percent asia latin america. percent\n restated net sales by seg segment operating profit new operating segments.\n changes no effect on consolidated net sales profit earnings per share.\n north america retail segment.\n.\n.\n.\n combined into one.\n.\nconvenience stores foodservice unchanged.\n europe australia.\n asia latin america.\n chief maker north america retail convenience foodservice australia asia latin.\n north america retail grocery stores mass merchandisers membership stores natural food chains discount chains e-commerce providers.\n 84 mills"
}
{
    "_id": "dd4ba276c",
    "title": "",
    "text": "decline cash flows driven by timing inventory purchases 2014 2013.\n manage working capital operating cash needs monitor cash conversion cycle sales plus supply inventory minus purchases three-month average.\n components cycle.\n 2015 2014 2013\n sales outstanding 48\n supply inventory 13\n purchases outstanding\n cash conversion cycle\n 1 three-month average balance trade accounts receivable divided by average daily net sales.\n.\n 2 average merchandise inventory divided average daily cost goods sold.\n 3 combined balance accounts payable-trade excluding overdrafts-inventory financing divided by average daily cost goods sold.\n cash conversion cycle 21 days december 31  2015 2014.\nincrease dso driven by higher receivable balance 2015 higher public segment sales slower government payments increase net sales third-party services software assurance warranties.\n dso receivable sales.\n dpo.\n increased mix payables longer payment terms.\n cash conversion cycle decreased 21 days december 31 2014 23 days 2013 improvement dso.\n decline dso improved collections early payments.\n timing inventory receipts 2014 dio unfavorable dpo.\n increased $ 189. 6 million 2015.\n due acquisition kelway 65% common stock 2015.\n capital expenditures increased $ 35. 1 million to $ 90. 1 million from. new office location information technology systems.\n net cash increased $ 117. 7 million 2014.\n paid $ 86. 8 million 2014 35% non-controlling interest in kelway.\ncapital expenditures increased $ 7. 9 million to $ 55. million from $ 47. 1 million 2014 information technology.\n cash increased $ 114. 5 million.\n driven share repurchases $ 241. 3 million.\n. offset accounts payable-inventory financing $ 20. 4 million debt transactions cash outflows $ 7. 1 million $ 145. 9 million"
}
{
    "_id": "dd4970c32",
    "title": "",
    "text": "contents tceq harris county pollution control services department houston terminal.\n outstanding noe tceq vn hcpcs excess emissions tank 003 hurricane harvey.\n working with authorities resolve.\n item 4.\n mine safety disclosures item 5.\n market registrant 2019s common equity stockholder matters issuer purchases equity securities common stock trades nyse trading symbol 201cvlo. 201d january 31 2019 5271 holders.\n dividends considered quarterly board paid approved depend financial condition results cash flows prospects industry conditions capital requirements factors.\n no assurance dividend.\n table discloses purchases common stock fourth quarter 2018.\n purchased average price paid not purchased plans dollar value.\noctober 2018 939957 $ 87. $ 2. 7 billion\n november 3655945 $. 216469 3439476 $ 2. 4 billion\n december 3077364 $. $ 2. 2 billion\n 7673266 $. 229817 7443449 $ 2. 2 billion\n shares fourth quarter 2018 open-market employees stock options restricted stock.\n january 23 2018 board authorized $ 2. 5 billion common stock 2018 remaining $ 2. 5 billion program 2016.\n fourth quarter purchases.\n december 31 $ 2. 2 billion 2018."
}
{
    "_id": "dd4c2093c",
    "title": "",
    "text": "exposed to market risk interest foreign exchange rates equity prices.\n cause earnings cash.\n manage hedging transactions.\n counterparties rated institutions.\n credit limits.\n hedging transactions include derivative instruments.\n interest exchange commodity price equity risk see note 7 financial statements page 61.\n estimates maximum potential fair value from changes interest rates foreign exchange rates commodity prices equity prices conditions.\n value-at-risk methodology risk.\n 95 percent confi dence level.\n historical interest rates commodity equity prices volatility correlation.\n data from riskmetrics 2122.\n calculations not represent actual losses value.\n instrument cor relates underlying exposure loss gain by.\n positions debt investments interest rate swaps foreign exchange forwards com modity swaps futures options equity instru ments.\ncalculations include foreign exchange commodities equity positions.\n table presents estimated maximum potential one-day loss interest rate foreign currency commodity equity instruments may 28 29 2016 average fair value impact 28.\n interest rate instruments $ 25. $ 26. 33.\n foreign currency 24. 22. 27.\n commodity instruments 3.\n equity instruments.\n disclosures market risk"
}
{
    "_id": "dd4bdbc06",
    "title": "",
    "text": "material varies from retirement profile depreciation studies.\n gain loss recognized sell land assets not operations.\n purchase asset capitalize costs.\n assets self-constructed.\n capital expenditures replacement road infrastructure employees track line expansion.\n capital projects capitalized.\n direct costs material labor work equipment.\n indirect costs capitalized relate construction.\n allocated statistical bases.\n general administrative expenditures expensed.\n repairs maintenance useful life safety efficiency capitalized.\n capital leases recorded lower net present value minimum lease payments fair value.\n amortization expense computed straight-line method shorter estimated useful lives.\n.\n accounts payable current liabilities.\n.\n millions.\n.\n accounts payable\n wages vacation\n casualty costs\n income taxes\n dividends interest\nequipment rents payable 89 93\n 480 546\n accounts payable current liabilities $ 2470 $ 2560\n.\n financial instruments strategy risk 2013 derivative instruments interest rates fuel prices.\n not party leveraged derivatives speculative.\n hedge accounting effectiveness.\n document relationships risk-management objectives strategies effectiveness.\n changes market value instruments charged earnings.\n use swaps collars futures forward contracts mitigate risk adverse interest rates fuel prices limit benefits interest rate fuel price."
}
{
    "_id": "dd4c4ab38",
    "title": "",
    "text": "2.\n offices boston southborough woburn atlanta cary north carolina mexico sao paulo brazil.\n details.\n location function size property interest\n boston corporate american tower international headquarters 19600\n southborough technology data center 13900\n woburn broadcast 57800\n atlanta accounting 21400\n cary carolina engineering 17500\n mexico 11000\n sao paulo brazil 5200\n facility woburn 163000 square feet.\n 57100 square feet lease administration office broadcast division lease remaining unaffiliated tenants.\n 15 regional offices tower leasing services.\n facilities.\n office delhi india international business development group london england.\ninterests in communications sites leases easements licenses rights-of-way government entities.\n tower sites subject to mortgages deeds trust.\n typical tower site compound structure equipment shelters transmitting receiving switching equipment.\n three types of towers guyed self- supporting lattice monopole.\n guyed tower cables.\n heights to 2000 feet.\n to 20 acres.\n lattice tower tapers bottom three or four legs.\n to 1000 feet.\n 10000 square feet less than 2500.\n monopole tubular structure space constraints aesthetic concerns.\n heights 50 to 200 feet.\n tower site less than 2500 square feet."
}
{
    "_id": "dd4be9d60",
    "title": "",
    "text": "variable three-month libor plus 2. 05%. 05 %. 34%. 34 % ) october 31  2009.\n libor changes 100 points annual interest expense $ 3. 8 million.\n foreign currency exposure.\n hedge.\n dollar exposures foreign currency exchange contracts.\n exposure one month to twelve months.\n largest foreign currency exposure euro european operations highest local currency expenses.\n 10% unfavorable movement foreign currency exchange rates significant losses exposures fluctuations.\n market risk currency exchange rate movements risk.\n counterparties major international financial institutions high credit ratings.\n risk nonperformance credit ratings.\n contract amounts derivative financial instruments volume transactions represent exposure credit risk.\namounts subject credit risk counterparties meet terms contracts limited obligations exceed obligations.\n table illustrates effect 10% % unfavorable movement foreign currency exchange rates.\n fair value forward exchange contracts october 31 2009 november 1 2008.\n october 31 1 2008 value forward exchange contracts 6427\n % unfavorable movement 20132 -9457\n -6781 ( 6781 38294\n unfavorable movement.\n.\n.\n.\n.\n.\n.\n.\n.\n 20132 9457 value contracts 10% 10 % favorable movement currency.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n calculation assumes exchange rate direction relative.\n dollar.\n affect volume sales foreign currency price products.\nsensitivity analysis currency sales levels local currency prices."
}
{
    "_id": "dd496ddd4",
    "title": "",
    "text": "17.\n losses pmi's net taxes.\n earnings millions 2015 2014\n currency translation adjustments $ -6129 ( $ -3929 -2207 (\n pension benefits -3332 ( 3332 -3020 (\n derivatives hedges\n losses $ -9402 ( $ -6826 ( $ -4190 (\n reclassifications tax impact consolidated statements 2015 2014 2013.\n currency translation adjustments impacted purchase shares mexican tobacco business.\n $ 1 million $ 5 million $ 12 million net currency translation adjustment gains transferred marketing administration research costs liquidation subsidiaries.\n note 13.\n benefit plans 15.\n instruments pmi's pension.\n 18.\ncolombian investment cooperation agreement june 19 2009 pmi signed agreement colombia departments capital district promote investment cooperation tobacco market fight counterfeit.\n provides $ 200 million funding colombian 20-year combating illegal cigarette trade counterfeit tobacco increasing quality locally grown tobacco.\n pmi recorded pre-tax charge $ 135 million latin america canada second quarter 2009.\n december 31 2015 2014 $ 73 million $ 71 million discounted liabilities.\n paid through 2028.\n.\n legal settlement july 31 2008 rothmans.\n cad 550 million settlement benson hedges.\n.\n resolved investigation products exported canada 1989-1996.\n rothmans interest rbh.\n remaining 40% pmi."
}
{
    "_id": "dd4bb8436",
    "title": "",
    "text": "cgmhi committed long-term financing banks.\n december 31 2010 drawn $ 900 million $ 150 million guaranteed by citigroup.\n bank terminate one-year notice.\n issues fixed variable rate debt.\n uses derivative contracts interest rate swaps convert.\n maturity structure corresponds.\n contracts foreign exchange impact debt.\n weighted average interest rate long-term debt 3. 53%. 2. 78%. derivative contracts.\n annual maturities long-term debt debt 2010 2009 includes $ 18131 million $ 19345 million junior subordinated debt.\n business trusts delaware.\n issuing trust securities investing proceeds in deferrable interest debentures activities.\n citigroup redeem securities.\n not to redeem purchase. 50%. enhanced trust preferred securities citigroup before september 15 2056.45% 6. 45 % ) securities citigroup capital xvi before december 31 2046 6. 35%. 35 % xvii before march 15 2057 6. 829%. 829 % fixed xviii before june 28 2047 7. 250%. 250 % ) xix before august 15  2047 7. 875%. 875 % xx before december 15 2067 8. 300%. fixed rate xxi before december 21  2067 conditions exhibit 4. 03 september 18 2006. 2. august 17. november 27 2007. december 21.\n agreements benefit holders citigroup 2019s 6. 00%. junior deferrable interest debentures due 2034.\n citigroup owns voting securities subsidiary trusts.\nsubsidiary trusts assets operations cash flows issuance administration repayment.\n obligations guaranteed citigroup.\n millions 2011 2013 2014 2015\n $ 35066 38280 17875\n non-bank 15213 25950 18381\n company 21194 30004 21348 19096 12131 88171\n $ 71473 94234 37219 31903 21927"
}
{
    "_id": "dd4b9fb70",
    "title": "",
    "text": "entergy louisiana.\n rates.\n no change ratemaking.\n approval additional return equity capital expired.\n receivables money pool december 31.\n 2004 2003 2002 2001\n 40549 41317 $ 18854\n used $ 81. million cash flow 2004 $ 60. 2 million 2003 $ 15. million 2002.\n note 4.\n decrease $ 25. million net cash 2004 decreased spending customer service transmission fossil plant.\n increase $ 56. million 2003 increased spending nuclear.\n decrease $ 404. million net cash 2004 due to issuance $ 98. long-term debt 2004 $ 261. principal payment $ 14. million 2004 $ 35. 2003 decrease $ 29. million common stock dividends.\n decrease $ 105. million net cash 2003 due $.common stock dividends repurchase $ 120 million.\n net cash offset retirement $ 150 million. mortgage bonds $ 134. 6 million 2002 payments $ 35. 4 million 2003 waterford 3 lease obligation $ 15. 9 million 2002.\n note 5 utility-term.\n construction investments debt stock maturities working capital fuel dividend interest payments."
}
{
    "_id": "dd4bb3b48",
    "title": "",
    "text": "advance auto parts.\n subsidiaries financial statements december 28 29 31 2011 2012 fasb issued asu.\n 2012-02 assets impairment. modifies requirement test assets not amortization test.\n option qualitative assessment fair value asset less carrying amount impairment test.\n effective fiscal years september 15 2012 early adoption permitted.\n no impact financial condition results operations cash flows.\n.\n lifo method accounting 95% inventories december 28 2013 29 2012.\n cost sales recently purchased inventories balance inventories purchased 2013.\n reduction cost sales $ 5572 $ 24087 2013 2012.\n costs acquire inventory decreased growth merchandise strategies supply chain efficiencies.\n fiscal 2011 increase cost sales $ 24708 due supply chain costs inflationary pressures.\nremaining inventories non parts batteries valued under first-in first-out ) method.\n merchandise costs passed customer or returned vendor.\n not subject cost changes no material difference lifo or fifo valuation method.\n inventory overhead purchasing warehousing costs december 28 2013 29 2012 $ 161519 $ 134258.\n balance reserves end 2013 2012 28 29.\n inventories fifo net $ 2424795 $ 2182419\n lifo 131762 126190\n net $ 2556557 $ 2308609\n quantities tracked perpetual inventory system.\n completes physical inventories counts.\n cycle counting program.\n reserves for estimated established based physical inventories stores counts recent cycle counts historical loss trends."
}
{
    "_id": "dd4b8d90c",
    "title": "",
    "text": "inc.\n financial statements 2014 agreements.\n historical experience future loss determined fair value indemnifications not material financial position results.\n involved legal proceedings product liability trademark rights.\n proceedings impact financial position results.\n restructuring charges 2009 management structure consumer focus innovation scalable long-term cost structure.\n reduced global workforce 5% incurred pre-tax restructuring charges $ 195 million severance costs workforce reduction.\n additional costs future.\n restructuring charge reflected corporate expense line pre-tax income 19.\n activity restructuring accrual year may 31 2009.\n restructuring accrual 2014\n severance costs 195.\n cash payments.\n non-cash stock option restricted stock expense.\n foreign currency translation.\n 2014 149.\naccrual balance may 31 2009 relieved 2010 2011 severance payments.\n restructuring consolidated balance sheet.\n reorganized nike brand operations.\n regions. middle east africa asia pacific americas.\n quarter 2009 new model.\n first quarter 2010 six geographies north america western europe central/eastern europe greater china japan emerging markets.\n sale starter brand iconix brand group.\n $ 60. million.\n gain $ 28. million may 31 2008."
}
{
    "_id": "dd4c0748c",
    "title": "",
    "text": "subsidiaries premiums years december 31 2008 millions.\n dollars percentages amount ceded companies assumed amount percentage assumed.\n years december 31 2009 2008 millions. ceded net amount percentage assumed\n 2010 $ 15780 $ 5792 $ 3516 $ 13504 26% 26 %\n 2009 $ 15415 $ 5943 3768 $ 13240 28% 28 %\n 2008 $ 16087 $ 6144 3260 $ 13203 25%"
}
{
    "_id": "dd4976a9c",
    "title": "",
    "text": "graph compares 5-year return shareholders cadence design systems. common stock to returns s & p 500 nasdaq composite information technology index.\n assumes investment common stock indexes including reinvestment dividends was $ 100 december 29 2001 30 2006.\n comparison 5 year return cadence design systems. s & p 500 nasdaq composite.\n $ 100 invested 12/29/01 stock 12/31/01 index-incuding reinvestment dividends.\n calculated month-end basis.\n copyright division mcgraw-hill companies.\n.\n. researchdatagroup.\n 2004 2005\n cadence design systems. 54. 81. 61. 75. 79.\n. 77 111. 116. 135.\n. 71. 107. 117. 120. 137.\ns & p information technology 100. 44"
}
{
    "_id": "dd4c129b8",
    "title": "",
    "text": "insurance receivables estimates significant judicial ruling settlement regulatory development changes law.\n adverse ruling results cash flows.\n estimate future asbestos liabilities congressional legislation reform asbestos litigation.\n legal proceedings accounting estimates note 11 consolidated financial statements annual report form 10-k.\n.\n.\n.\n.\n 3m offices research laboratories division laboratories.\n minnesota.\n 15 sales offices 12 states 59 manufacturing facilities 23 states.\n 173 sales offices.\n 80 manufacturing facilities 29 countries.\n owns physical properties.\n facilities.\n global enterprise intersegment cooperation multiple business segments.\n.\n legal proceedings.\n part ii 8 201ccommitments contingencies proceedings.\n.\n submission vote security holders.\n quarter december 31 2005.\n.\n2019s common equity stockholder matters issuer purchases equity securities.\n equity compensation plans 2019 incorporated part iii item 12 security ownership owners management integral part item 5.\n january 31 2006 125823 shareholders.\n 2019s stock new york stock exchange.\n pacific. chicago. swx swiss exchange.\n cash dividends $. 42 per share quarter 2005. 36 share quarter 2004.\n stock price comparisons composite transactions share amounts fourth.\n fourth\n 2005 $ 87. 86. 76. 79.\n.\n $ 86. 90.\n."
}
{
    "_id": "dd4c2e58c",
    "title": "",
    "text": "consolidated financial statements 2014 years 2007 2006 2005 millions share.\n impairment debt equity securities 2005 bio-fuels malt venture impaired recognized pre-tax impairment charges $ 71. 0 million $ 65. 6 million after tax.\n 2006 additional impairment charges $ 75. 8 million $ 73. 1 million after tax malt foreign declines proceeds.\n.\n impairments determined recoverability proceeds.\n 2007 malt venture $ 24 million $ 7 million.\n pre-tax gain $ 4 million tax benefit $ 4 million.\n equity earnings.\n 2006 subordinated notes $ 150 million accrued interest $ 50. 4 million swift foods.\n 2005 swift foods capital structure.\n fair value subordinated notes impaired.\ncompany determined notes impaired quarter 2006 believed temporary.\n reduced carrying value $ 35. 4 million recorded after-tax charges $ 21. 9 million second quarter 2006.\n conditions impairment.\n reduced carrying value $ 117 million recognized impairment charges $ 82. 9 million selling administrative expenses reclassification after-tax charges $ 21. 9 million.\n second quarter 2007 closed sale $ 117 million no additional gain loss.\n.\n.\n raw materials packaging 1154. $ 985.\n work progress.\n finished goods.\n supplies.\n. 2130.\n packaging grain fertilizer crude oil trading merchandising inventory $ 691. million $ 542. 1 million end fiscal 2007 2006."
}
{
    "_id": "dd4bf1dc6",
    "title": "",
    "text": "january 2016 company issued $ 800 million debt securities $ 400 million three year note coupon rate 2.%. $ 400 million seven year note coupon rate 3. 25%.\n proceeds repay commercial paper term loan balance general corporate purposes.\n public notes 144a notes redeemed redemption prices accrued unpaid interest make-whole premium.\n change control downgrade investment grade rating repurchase price equal 101% principal plus accrued unpaid interest repurchase.\n public notes 144a notes senior unsecured obligations rank equally indebtedness.\n registration rights agreement 144a notes.\n file registration statement exchange 144a notes terms identical new 10-year 30-year notes transfer restrictions increase interest rate exchange registration statement effective 270 days after issuance.\nexchange offer registration statement effective 144a notes sold rule 144a securities act 1933.\n redeemed redemption prices accrued unpaid interest make-whole premium.\n changes control repurchase equal 100% principal amount plus accrued unpaid interest.\n merger events asset sales downgrade below investment grade rating.\n notes unsecured senior obligations equal senior indebtedness.\n guaranteed by subsidiaries.\n 2015 acquired interest trust leased naperville facility debt assumption $ 100. 2 million addition $ 135. 2 million property plant equipment.\n.\n cash paid $ 19. 8 million.\n non-cash financing investing.\n remaining balance debt settled december 2017 reflected line december 31 , 2016.\n compliance with covenants under indebtedness at december 31  2017.\n31 long-term debt five years millions.\n 550\n 2020 300\n 2021 1017\n 2022"
}
{
    "_id": "dd4c4bc68",
    "title": "",
    "text": "item 5 2014market 2019s common equity.\n common stock traded new york stock exchange symbol 2018.\n tables high low sale prices common stock.\n.\n 2001 first quarter high $ 60. low $ 41. 2000 quarter high $ 44. low 34.\n quarter 52. 25 39.\n third quarter 44. 70\n fourth quarter 17. 72. 81\n.\n march 2 2002 9967 holders common stock value $ 0. 01 per share.\n dividends.\n corporate revolving loan credit $ 850 million limited cash dividends.\n precluded paying cash dividends common stock guaranty utility net worth liquidity tests.\n.\n subsidiaries pay cash dividends limitations project loans governmental provisions agreements.\nlimitations permit payment cash dividends cash quarterly semiannual after principal interest project loans debt service reserves."
}
{
    "_id": "dd4c0dc24",
    "title": "",
    "text": "selling costs increased $ 5. 4 million to $ 17. 1 million 2005 from 11. 7 million 2004.\n due increased headcount startup costs international growth initiatives.\n 6. 1%. 2005 from. 7%. 2004.\n payroll costs increased $ 8. 6 million to $ 26. 9 million 2005 from 18. 3 million 2004.\n footwear line added technology equity compensation costs retail stores invested compliance.\n increased. 6%. 2005 from. 2004.\n corporate costs increased $ 7. 2 million to $ 25. 5 million 2005. million 2004.\n footwear initiative freight duty expansion leased office space distribution facility.\n costs 9. 1%. 2005. 2004.\n income operations increased $ 10. 5 million. to $ 35. 9 million 2005 from 25. million 2004.\n 12. 7%.% 2005 from 12. 4%. 2004.\n gross margin offset selling administrative expenses.\n increased $ 1. 6 million to $ 2. 9 million 2005 from. 3 million 2004.\n due higher borrowings interest rate revolving credit facility public offering.\n income taxes increased $. 5 million to $ 13. 3 million 2005 7. 8 million 2004.\n effective tax rate 40. 2%. 32 3%. 2004.\n due state tax rate reduced tax credits.\n net income increased $ 3. 4 million to $ 19. 7 million 2005 16. 3 million 2004.\n revenues increased $ 89. 8 million. $ 205. 2 million 2004. 4 million 2003.\n net sales license revenues.\n. 8%. 8 %\n.\n. 2%. 2 %\naccessories 7548 2072 5476.\n sales 200874 113755 87119. 6 %\n revenues 4307 1664.\n 205181 115419 89762 77."
}
{
    "_id": "dd4bcf62c",
    "title": "",
    "text": "reconciliation unrecognized tax benefits.\n 2014january 1 2008 $ 7928\n july 31 2008 3525\n increases 2454\n decreases -1572\n increases 2255\n reductions statute limitations -1598\n currency fluctuation -259\n settlements -317\n benefit 2014december 31 2008 $ 12416\n $ 5. 6 million effective tax rate.\n $ 5. million goodwill $ 1. 9 million adjustments tax.\n uncertain tax positions $ 2. 6 million resolved twelve months.\n recognizes interest penalties unrecognized tax benefits income.\n recorded interest $ 171000 2008.\n penalties insignificant.\n liability penalties $ 498000 interest $ 1. 8 million.\n subject taxation.\n states foreign jurisdictions.\ncompany 2005 2008 tax years open revenue.\n 2005 2006 federal returns under examination.\n foreign subsidiaries filings state tax filings.\n.\n profit-sharing 401 ( k )-sharing plans full-time employees salary reduction section 401.\n matching contributions 100% first 3% additional 25% next 5% maximum. compensation\n discretionary profit sharing contribution 0% to 5% compensation employed worked 1000 hours.\n subsidiary acquired 401 ( k ) plan.\n no matching employer contribution.\n defined contribution pension arrangements international employees.\n retirement programs $ 3. 7 million 2008 $ 4. 7 million 2007 $ 4. 1 million 2006.\n.\n non-compete employment agreements not disclose trade secrets confidential information engagement"
}
{
    "_id": "dd4bba5ce",
    "title": "",
    "text": "pension plan assets include public equities bonds cash equivalents real estate funds partnerships hedge funds.\n held in master trust overseen by investment committee.\n managed active passive strategies.\n managers invest asset classes appointed.\n investment committee.\n minimum maximum values each asset class 31 2018.\n. equities 36% ( 36 %\n international equities 29% ( 29 %\n fixed income securities 50% ( 50 %\n alternative investments 25% 25 %\n objectives return benefit obligations meet funding requirements maintain liquidity requirements.\n objectives reducing volatility competitive return diversification risks.\n objectives determined based risks opportunities.\n decisions historical return risk characteristics.\n updates asset allocations periodically.\ncompany uses analytics asset mix considers obligation characteristics duration liquidity funding requirements rates return rebalancing distribution returns.\n allocations vary strategy changes market value fluctuations timing benefit payments company contributions.\n company determines allocation master trust investments asset classes.\n utilizes investment strategies executed structures with external investment managers.\n selection performance risk fiduciary responsibility experience policies processes.\n investment performance monitored tracked consultants.\n plan assets fair value.\n company employs pricing sources independent pricing vendors valuations third- party appraisals.\n investments in equity securities valued at last sales price active market.\n level 1.\n valued at last trade price broker's quote non-active market level 2.\ninvestments in fixed-income securities valued by pricing services.\n market transactions relationships between categorized level 2."
}
{
    "_id": "dd4b8cc96",
    "title": "",
    "text": "fiscal 2013 asr financial institution repurchase $ 125 million common stock.\n payment $ shares march 30 2013.\n total shares delivered 2. 5 million average $ 49. 13 per share.\n repurchased retired 1. 1 million shares common stock $ 50. 3 million average $ 44. 55 per share commissions.\n-based awards options restricted stock granted officers employees directors global payments.\n incentive plan.\n.\n.\n no further grants 2000 plan director stock option plan expired february 1  2011.\n no future grants 2000 2005 2011 plan permits grants equity employees officers directors consultants.\n 7. 0 million shares common stock reserved.\ntable summarizes share-based compensation expense income tax benefit stock options restricted stock performance units tsr units shares employee stock purchase plan.\n 2014 2013 millions.\n share-based compensation expense $ 21. $ 29. $ 18.\n income tax benefit $ -6. $ -7. -5\n grant share-based awards 201clong-term incentive plan. awards held in escrow released grantee satisfaction.\n.\n vest over grantee employed vesting shares forfeited.\n until vested.\n granted before 2015 vests equal installments four anniversaries.\n during three-year service period.\n grant date fair value restricted stock based quoted market value recognized share-based compensation expense vesting period.\n long-term incentive plan.\n convert into common shares.\nshares performance measures.\n target units market-based measures threshold set compensation committee.\n units converted after committee.\n 2013 global payments.\n 2015 10-k annual report"
}
{
    "_id": "dd4c5699c",
    "title": "",
    "text": "september 2015 company treasury hedges $ 1. billion reducing risk 10-year treasury yield.\n cash flow hedges.\n october 13 2015 $ 4. 5 billion terminated treasury contracts cash settlement $ 16 million earnings interest expense ten years.\n business operations.\n translation local currency balances subsidiaries transaction gains losses intercompany loans transactions.\n activities foreign currency forward contracts non- derivative investment hedges.\n.\n exchange risks non.\n operations.\n exchange rates revenues.\n.\n 2017 2016 2015 generated $ 1830 million $ 1909 million $ 1336 million revenues.\n.\n major currencies brazilian real euro british pound sterling indian rupee.\n10% exchange rates revenues december 31 2017 2016 2015 millions.\n currency 2016 2015\n pound sterling $ 42 $ 47 $ 34\n euro\n real\n indian rupee\n increase decrease $ 130 $ 129 $ 106\n impacted currency fluctuations international operations revenues expenses local currency reduces foreign exchange risk.\n revenues $ 16 million favorable $ 100 million unfavorable net earnings $ 2 million favorable $ 10 million unfavorable impact 2017 2016.\n.\n 2018 minimal foreign currency impact earnings.\n foreign exchange risk management policy permits derivative instruments contracts options reduce volatility.\n instruments.\n periodically forward exchange contracts hedge.\n december 31 2017.\n utilizes non-derivative investment hedges reduce volatility currency."
}
{
    "_id": "dd4c63b10",
    "title": "",
    "text": "payments increased 2015 due higher debt.\n flat 2014.\n increase income tax due higher taxable income operations offset tax deductions.\n decrease 2014 due settlement tax disputes repatriation foreign earnings.\n offset higher taxable income economic stimulus legis lation.\n expect tax increase 2016 due higher taxable income operations.\n cash 2015 capital expenditures intangible assets purchases offset sales.\n.\n 2013 acquisitions.\n significant recurring cable communications segment.\n table summarizes capital expenditures cable communications 2015 2014 2013.\n 31 millions\n cable distribution system $ 2424 $ 2047 $ 1819\n equipment 3698\n other equipment 756\n buildings improvements\n $ 7034 $ 6154 5403\ncable communications capital expenditures increased 2014 x1 platform wireless gateways network infrastructure business services.\n expenditures nbcuniversal segments increased. 5%. $ 1. 4 billion 2015. $ 1. 2 billion 2014 universal theme parks purchase land.\n capital expenditures 2016 x1 platform cloud dvr wireless gateways expansion business services.\n expenditures depend acquisitions competition technology regulatory changes services capacity.\n attractions theme parks.\n developing universal theme park beijing.\n 2016.\n cash intangible assets 2015 2014 2013 software.\n 2015"
}
{
    "_id": "dd4978b44",
    "title": "",
    "text": "has contractual guarantees for premium payments insurance companies.\n maximum exposure $ 48 million at december 31 2011.\n commitments to fund limited partnerships.\n commitments expiration dates maximum potential funding $ 64 million at december 31 2011.\n funded $ 15 million.\n additional guarantees indemnifications may be issued.\n.\n provided retail brokerage consulting financial advisory services received wholesale brokerage services from controlled by.\n transactions negotiated-length customary terms conditions.\n commissions fee revenue $ 9 million.\n.\n two reportable operating segments risk solutions hr solutions.\n unallocated income expenses consolidated financial statements.\n determined resources performance.\n income accounts for intersegment revenue.\n net assets by segment.\nadvisor insurance broker risks.\n partners solve benefits talent financial challenges business performance designing human capital retirement investment health care compensation talent management strategies.\n revenue millions.\n years 31 2011\n solutions $ 6817 $ 6423 $ 6305\n 4501 2111 1267\n -31\n operating segments 11287 8512 7546\n unallocated 2014\n revenue $ 11287 $ 8512 7595"
}
{
    "_id": "dd4c528e2",
    "title": "",
    "text": "shareholder return compares annual return stock dow jones containers packaging index s&p composite 500 index five-year period december 31 2012.\n $ 100 invested 2007 dividends reinvested.\n dow jones containers packaging index return weighted market capitalization.\n $ 100 investment.\n 12/31/2007/31/2008/31/2009/31/2012\n corporation $ 100. 93. 117. 155. 164. 207.\n containers packaging 100. 61. 97. 107.\n 500 100. 75. 97\n.\n"
}
{
    "_id": "dd4c455c0",
    "title": "",
    "text": "consolidated financial statements union pacific corporation subsidiary companies references subsidiaries railroad company 201cuprr 201d 201crailroad 201d.\n.\n class i united states.\n 32094 route miles pacific gulf coast ports midwest eastern states gateways mexican gateways.\n serve western thirds country coordinated schedules carriers freight atlantic pacific coast southeast southwest canada mexico.\n export import traffic gulf coast pacific coast ports mexican canadian borders.\n railroad subsidiaries affiliates reportable operating segment.\n commodity group net financial results segment.\n revenue commodity group 2009 2008 2007.\n agricultural\n automotive\n chemicals\n energy\n industrial products\n intermodal\nfreight revenues $ 13373 $ 17118 $ 15486\n revenues 770 852 797\n operating revenues $ 14143 $ 17970 $ 16283\n customers united states origination products outside.\n financial statements accounting principles united states financial accounting standards board.\n events evaluation events february 5 2010.\n securities exchange commission.\n.\n accounting policies change rail grinding costs capital asset.\n accounting policy"
}
{
    "_id": "dd4ba0ca0",
    "title": "",
    "text": "non-cash expense $ 164 million $ 189 million $ 167 million unallocated.\n impact $ 107 million $ 122 million $ 108 million.\n december 31 2014 $ 91 million unrecognized compensation cost nonvested awards 1. 6 years.\n received cash stock options $ 308 million $ 827 million $ 440 million 2014 2013 2012.\n income tax liabilities reduced $ 215 million $ 158 million $ 96 million tax benefits stock-based compensation.\n authorized grant stock incentive awards options common stock appreciation rights.\n price less fair market value.\n no vested third anniversary less one year.\n minimum vesting period stock three years.\n shorter vesting periods.\n maximum term 10 years.\n december 31 2014 19 million shares.\ndecember 31 2014. 8 million shares stock compensation plans.\n new shares options restrictions.\n table summarizes activity nonvested rsus 2014 grant-date value share.\n 31 2011 4302 $ 78. 25\n. 93\n. 64\n -168.\n 31 2012 4822 $ 79.\n.\n. 26\n -226.\n 31 2013 3859 $ 82. 42\n. 85\n 87. 66\n -84.\n 31 2014 2326 $ 97.\n valued fair value common stock grant.\n employees granted rsus receive shares after vesting period shares not issued sell transfer vesting no voting rights until three years.\n granted dividend cash payments vesting.\nrsu awards grant-date value equal closing market common stock less discount delay dividend cash payments.\n grant-date value rsus forfeitures compensation expense service period 2013 shorter vesting period retirement eligible."
}
{
    "_id": "dd4c3ee78",
    "title": "",
    "text": "abiomed.\n subsidiaries financial statements 2014.\n no accumulated impairment losses.\n performed step assessment impairment 2015 fair value reporting unit less carrying amount.\n two-step goodwill impairment test not necessary 2015.\n.\n acquired ecp ais recorded $ 18. 5 million ipr&d.\n estimated fair value probability-weighted income approach future cash flows.\n cash flows expandable catheter pump technology assumptions revenue expenses stage development time resources.\n discount rate 22. 5%. cash flows probability adjusted risks product commercialization.\n carrying value ipr&d assets change balance year march 31 2015.\n beginning balance $ 2014\n foreign currency translation impact\n ending balance $ 14711\n.\n equity authorized 1000000 shares. board directors designation.\nshares class b stock issued outstanding.\n authorized repurchase $ 15. million common stock.\n financed cash.\n 2013 repurchased 1123587 shares $ 15. million average $ 13. 39 per share commission.\n completed purchase stock january 2013.\n.\n grants stock options restricted stock awards employees.\n outstanding stock options march 31 2015 granted exercise price equal fair market value.\n expire 10 years.\n 2008 stock incentive plan authorizes equity awards officers directors employees consultants advisers unrestricted restricted stock options performance awards stock appreciation rights.\n options granted current market value.\n counts maximum"
}
{
    "_id": "dd4bdbed6",
    "title": "",
    "text": "matters twelve months impact operations financial position.\n foreign jurisdictions statutes limitations 3 to 5 years.\n examination tax australia canada france germany italy japan puerto rico singapore switzerland united kingdom.\n tax returns under examination foreign jurisdictions.\n significant united kingdom.\n audits twelve months resolution impact.\n.\n authorized issue 250 million shares preferred stock none issued outstanding december 31 2008.\n numerator basic diluted earnings per share net earnings.\n denominator basic earnings weighted average shares outstanding.\n diluted weighted average shares adjusted dilutive stock options equity awards.\n reconciliation weighted average shares diluted years ending december 31.\n weighted average shares net earnings per share.\n dilutive stock options equity awards..\n shares diluted net earnings 228. 237. 245.\n 227. 235. 5 243. dilutive stock options equity awards. diluted earnings 228. 237. 5 245. 2008 11. 2 million options not greater market price.\n 2007 2006 3. 1 million. 6 million options not.\n 2008 repurchased. 8 million shares common stock $ 68. 72 per share cash outlay $ 737. million.\n 2008 board authorized $ 1. 25 billion share repurchase program expires december 31 2009.\n $. 13 billion.\n.\n design develop manufacture market orthopaedic dental reconstructive implants spinal implants trauma products.\n healthcare services.\n revenue less than 1 percent net sales.\n operations segments united states pacific.\nstructure reportable segment information.\n management evaluates performance profit global operations corporate expenses share compensation settlement claims acquisition integration inventory step-up research development write-offs intangible asset amortization.\n global operations research development engineering medical education brand management legal finance human resource.\n manufacturing operations logistics.\n intercompany transactions eliminated profit.\n management reviews accounts receivable inventory property plant equipment goodwill intangible assets. manufacturing logistics corporate assets.\n.\n consolidated financial statements"
}
{
    "_id": "dd4bf0a20",
    "title": "",
    "text": "fleet automation 66% residential routes converted to automated single driver trucks.\n labor costs productivity safer work environment.\n communities using automated vehicles higher recycling recycling.\n fleet conversion to compressed natural gas 12% fleet operates on natural gas.\n continue conversion to cng.\n.\n 50% replacement vehicle purchases 2013 cng vehicles.\n competitive advantage clean emission objectives.\n natural gas fleet operating costs fuel expenses.\n standardized maintenance eighth largest vocational fleet in states.\n 2013 average fleet age business.\n residential\n commercial\n industrial\n standardization of core functions variability maintenance higher vehicle quality service life fleet.\n reliable safer efficient fleet operating costs.\n completed standardized maintenance programs for 45% fleet maintenance operations.\ncash utilization strategy increasing free cash flow improving return on invested capital.\n definition cash flow.\n operating activities less purchases property plus proceeds sales.\n read section management financial condition 7 form 10-k.\n free cash flow drives shareholder value provides information.\n returning dividends share repurchases.\n committed to efficient capital structure investment grade rating.\n free cash flow capital expenditures operating asset levels business growth opportunities working capital accounts receivable accounts payable accrued landfill environmental costs."
}
{
    "_id": "dd4982158",
    "title": "",
    "text": "stock price performance graph shows cumulative return common stock standard & poor's 500 index retail index.\n assumes value investment $ 100 december 30 2006 dividends reinvested.\n based historical data not forecast future performance.\n cumulative return advance auto parts. s&p 500 index retail index $ 100. $ 108. 97. 116. $ 190. $ 201.\n 30 2006 2007 3 2009 2010 2011\n auto parts 100. 108. 97. 116. 190. 201.\n s&p 500 index 100.\n&p retail index.\n stock price performance graph shows comparison cumulative total return common stock standard 500 index retail index.\n assumes value investment $ 100 december 30 2006 dividends reinvested.\ncomparison historical not future performance common stock.\n return advance auto parts. s&p 500 index retail index 30 $ 100. 29 $ 108. $ 97 $ 116. 1 $ 190. 31 $ 201."
}
{
    "_id": "dd4c5fbdc",
    "title": "",
    "text": "entergy corporation subsidiaries financial louisiana gulf states business combination 2015 deferred tax asset increase $ million regulatory liability $ 107 million $ 66 million net-of-tax customer credits entergy louisiana settlement.\n 2.\n sale 583 mw rhode island state energy center gain $ 154 million $ 100 million net-of-tax $ 77 million $ 47 million net-of-tax write-off regulatory charges waterford 3 replacement steam generator project.\n 14.\n.\n 2014 $ 154 million $ 100 million vermont yankee decommissioning cost study reassessment decommissioning cash flows severance employee retention costs.\n 14.\n $ 56. 2 million $ 36. 7 million net-of-tax write-off entergy mississippi regulatory asset new nuclear generation costs stipulation mississippi public utilities recovery costs deferred.\n note 2 financial statements nuclear generation.\n revenue 2015 2014.\n.\n 2014 net revenue $ 5735\n retail electric price 187\n volume\n waterford steam generator\n credits\n 2015 net revenue $ 5829\n retail electric price variance 2022 formula rate plan increases entergy louisiana energy efficiency entergy arkansas louisiana mississippi quarter 2014 annual net rate increase entergy mississippi $ 16 million february 2015 mpsc order june 2014.\n note 2 financial statements rate regulatory proceedings."
}
{
    "_id": "dd4c3946e",
    "title": "",
    "text": "represented by allied infrastructure collection routes waste transfer disposal channels value included in goodwill.\n assets not deductible income tax.\n financial statements include results from december 5 2008.\n acquisition completed january 1 2008.\n illustrative not indicative of results future results.\n cost savings costs integration consolidation.\n year ended december 31.\n revenue $ 9362.\n net income 285.\n earnings per share.\n diluted earnings per share.\n information includes adjustments for amortization assets discounts fair value debt environmental self-insurance liabilities capping closure obligations amortization assets provision income taxes.\n restructuring 2008 acquisition committed restructuring plan.\n closing office florida consolidating functions arizona reducing staffing.\nplan closing consolidating locations terminating leases.\n 2009 incurred $ 11. million $ 63. million restructuring integration charges.\n severance employee termination relocation benefits consulting professional fees.\n corporate segment.\n additional charges.\n remaining charges paid 2011.\n.\n"
}
{
    "_id": "dd4b93e60",
    "title": "",
    "text": "entergy corporation subsidiaries financial 2014 2013.\n.\n 2013 revenue $ 5524\n retail electric price 135\n asset retirement obligation 56\n volume/weather 36\n miso deferral 16\n wholesale revenue -29 29\n -3 3\n 2014 net revenue $ 5735\n retail electric price variance increases energy efficiency rider entergy arkansas 2013 2014.\n offset operation minimal effect income increase january 2014 offset miso rider rate plan increase entergy mississippi storm damage rider.\n offset operation expenses no effect income annual base rate increase entergy texas april 2014 formula rate plan increase entergy louisiana december 2014.\n note 2 financial statements.\n asset retirement obligation affects revenue expenses earnings costs.\nvariance caused regulatory credits decommissioning earnings depreciation accretion expenses asset retirement.\n volume/weather variance due 3129 gwh 3% billed electricity usage industrial weather residential sales.\n industrial sales due expansions recovery refining outage growth manufacturing.\n miso deferral variance due deferral 2014 non-fuel miso charges offset deferral 2013 costs 2010 2012 transition"
}
{
    "_id": "dd4bab3e4",
    "title": "",
    "text": ".\n brokerage receivables payables for financial instruments sold from brokers dealers customers.\n citi to risk loss pay deliver at prices.\n credit risk broker.\n citi margin collateral.\n margin levels monitored daily deposit additional collateral.\n citi may liquidate financial instruments.\n credit risk impacted by market volatility.\n credit limits monitored for customers brokers dealers.\n brokerage receivables payables.\n millions dollars december 31 2018 2017\n receivables from customers $ 14415 $ 19215\n brokers dealers 21035 19169\n receivables $ 35450 $ 38384\n payables to customers $ 40273 $ 38741\n brokers dealers 24298 22601\n $ 64571 $ 61342\nbrokerage payables 64571 61342 receivables payables citi broker-dealer aicpa accounting guide 940."
}
{
    "_id": "dd4c016fe",
    "title": "",
    "text": ".\n investments.\n fixed maturity equity reflect unrealized appreciation depreciation temporary changes market value taxes income.\n fixed maturity equity securities reflect capital gains losses.\n records changes fair value fixed maturities cash flows settle losses adjustment liabilities.\n anticipates holding investments extended period cash flow payout liabilities.\n fixed maturities convertible bond securities foreign denominated fixed maturity securities settle loss adjustment reserves currency.\n carries equity securities fair value mutual fund investments fixed maturity securities.\n reflects changes value net capital gains losses.\n interest income dividend income equity securities net investment income.\n unrealized losses fixed maturities charged to net income capital losses.\n short-term investments stated at cost market value.\ngains losses investments determined cost.\n non- publicly traded securities market prices determined pricing models.\n treasury yield curve issue type credit quality cash flow.\n publicly traded securities market value based market prices models.\n inactive company assumptions cash flows risk-adjusted discount rates fair value.\n retrospective adjustments values asset-backed securities.\n acquisition yield.\n book value.\n factors prepayment history.\n conditional prepayment rates maturities.\n invested assets limited partnerships trusts.\n accounted equity method accounting recorded monthly.\n.\n uncollectible receivable balances.\n reserves for uncollectible reinsurance recoverable premium receivable balances.\n reserves presented table.\n 2014\n reinsurance 29497 29905"
}
{
    "_id": "dd4b994c8",
    "title": "",
    "text": "transaction recognized net gain $ 1. 3 billion $. 2 billion 2016.\n $ 2. 5 billion lockheed martin common stock $ 1. 8 billion cash payment less book value is&gs business $ 3. billion 2016 adjustments $ 100 million.\n 2017 additional gain $ 73 million post-closing adjustments tax adjustments net working capital.\n results&gs discontinued operations statements.\n divestiture shift.\n cash flows reclassified retained.\n results 2016 divestiture earnings discontinued operations 2016.\n net sales 3410\n cost sales -2953\n severance charges\n gross profit 438\n income\n operating profit\n earnings\n tax expense -147\n net gain divestiture discontinued 1205\n net earnings\n results different.\nnet earnings discontinued operations include costs attributable to is&gs business exclude corporate overhead costs.\n reclassified $ 82 million 2016 corporate overhead costs unallocated.\n retained assets obligations pension benefits former is&gs employees through divestiture.\n non-service net pension costs. reclassified from results pension adjustment.\n net pension costs were $ 54 million year december 31 2016.\n pension costs transferred to leidos discontinued operations.\n severance charges recorded at lockheed martin office.\n reclassified into excluded from.\n reclassified were $ 19 million in 2016.\n cash flows consolidated december 31 2016 not significant."
}
{
    "_id": "dd4c00844",
    "title": "",
    "text": "agency long-term debt ratings february 16 2007 ba3 negative investors standard fitch.\n downgrade credit ratings affect access capital stringent covenants higher interest rates indebtedness.\n contractual obligations estimated obligations december 31 2006 effect liquidity cash flow future.\n 2007 2008 2009 2010 2011\n long-term $ 2. $. 257. 240. 500. 1247. 2251.\n interest payments 122. 116. 107. 93. 75.\n non-cancelable operating lease obligations 292. 265. 237. 207. 181. 861. 2045.\n acquisition 47. 34 109\n. $ 400. repurchase cash march 2008.\n mature 2023.\nstructured acquisitions with contingent purchase price obligations reduce risk negative future performance.\n payments contingent performance targets conditions subject revisions earn-out periods.\n note 18 financial.\n not included obligations pension postretirement benefit plans.\n funding policy contribute minimum funding requirements additional status.\n returns market interest rates voluntary contributions.\n declines interest rates status.\n contribute domestic pension plans contribute $ 20. 6 foreign pension plans.\n not included deferred tax obligations uncertain.\n interest rate swap agreements contracts mitigate foreign exchange volatility.\n 2005 terminated long-term interest rate swap agreements $ 350. 25%. senior unsecured notes $ 150. 25% notes.\n net cash receipts $ 1. 1  offset interest expense.\n entered foreign currency transactions.\n requirements.\nchanges value forward contracts recorded income expense.\n december 2006 2005 contracts $ 0. 2 $ 6. 2  fair value negligible.\n 4. 50%. notes two derivative instruments. 25%. stock one derivative instrument.\n fair value december 2006 negligible.\n interpublic group companies.\n subsidiaries financial condition results operations 2014 amounts millions share"
}
{
    "_id": "dd4b95e86",
    "title": "",
    "text": "inc.\n financial statements 2014 value stock options 2007 $ 133. 9 million $ 133. million 2006 $ 57. 8 million 2005.\n exercises 2005 $ 62. 7 million $ 49. 2 million $ 36. 4 million.\n compensation expense nonvested options $ 23. 6 million december 31 2007.\n. 6 years.\n restricted stock awards value market price common stock.\n compensation expense period three years.\n average grant fair value $ 63. $ 54. $ 32. 2007 2006 2005.\n.\n stock 31 2006.\n.\n.\n.\n.\n value shares vested 2005 $ 3. 4 million $ 2. 3 million $. 6 million.\n compensation expense nonvested stock awards $ 44.million 31 2007.\n compensation. 4 years.\n no terms stock awards."
}
{
    "_id": "dd4b9e234",
    "title": "",
    "text": "ended december 2015 2014.\n increase cash-inventory financing due new vendor.\n note 6.\n note 8 debt.\n net cash financing decreased $ 56. 3 million 2014.\n driven debt refinancing transactions july 2013 ipo proceeds $ 424. 7 million.\n cash outflows $ 145. 9 million $ 518. 3 million 2014 2013 long-term debt.\n 8.\n december 31 2015 total indebtedness $ 3. 3 billion $ 1. 6 billion secured.\n compliance covenants credit agreements indentures.\n cdw 2019s restricted payment capacity senior secured term loan $ 679. 7 million.\n note 8 long-term debt.\n debt august 1 2015 consolidated kelway 2019s term loan revolving credit facility.\n british pounds.\nkelway revolving credit facility multi-currency borrow a350. million $ 73. 7 million december 31 2015.\n march 3 issuance $ 525. million 5. senior notes due 2023 mature september 1  2023.\n redeemed remaining $ 503. 9 million. notes due 2019 accrued unpaid interest april 2 2015.\n financial intermediaries purchase inventory.\n payable-inventory financing.\n interest expense paid due.\n note 6 inventory financing agreements.\n future obligations debt interest payments operating leases asset retirement obligations.\n estimated future payments december 31 2015.\n millions payments < 1 year 1-3 years 4-5 years > 5 years\n term loan $ 1703. $.\n kelway term loan. 77.\n2022 852. 36. 72.\n 2023 735. 26. 52. 52. 603.\n 2024 859. 31. 63. 701\n leases 143. 22. 41. 37. 41. 9\n retirement obligations 1. 8. 5 2\n 4386. 194. 7 1738. 4 2019."
}
{
    "_id": "dd4bbff2e",
    "title": "",
    "text": "pollutants discharged waters united states remediation.\n compliance with requirements regulations.\n congress considering legislation reduce emissions greenhouse gases carbon dioxide methane.\n state regional initiatives regulate greenhouse emissions underway.\n monitoring federal state legislation potential impact operations.\n direct greenhouse gas emissions oneok partners less than 6 million metric tons annual.\n continue quantify emissions report emissions mandatory reporting rule epa mid-2009.\n superfund imposes liability release hazardous substance.\n owner operator facility companies.\n liable costs cleaning damages natural resources health studies.\n chemical site security states homeland security rule 2007 companies reports sites chemicals.\n assessments facilities assigned four risk tiers high to low not.\n majority facilities tiered.\nwaiting for homeland security analysis tiered facilities require site security plans enhancements.\n strategy impact operations environment.\n strategies include developing greenhouse gas emissions inventory improving efficiency pipelines gas processing facilities developing technologies emission control carbon dioxide analyzing future energy investment.\n subsidiaries oneok partners participate processing transmission sectors distribution natural gas star program methane emissions.\n subsidiary honored star partner emission-reduction.\n low lost unaccounted-for methane gas practices pipeline facility maintenance.\n annual lost-and-unaccounted-for natural gas less than 1 percent of total throughput.\n employed 4742 people at january 31  2009 739 kansas gas service collective bargaining contracts.\n contracts.\n united steelworkers of america\n international union of operating engineers\nbrotherhood june 30"
}
{
    "_id": "dd4be17fa",
    "title": "",
    "text": "lower 2008 storage margins risk management natural gas prices fewer storage capacity natural gas prices decrease $ 9. 7 million storage margins natural gas inventory decrease $ 2. 1 million colder weather cost margins 2008 increase $ 15. 8 million unrealized fair value derivative instruments improved margins.\n operating costs decreased lower employee costs depreciation expense.\n.\n margin decrease $ 22. 0 million transportation margins fair value force majeure cheyenne plains gas pipeline decrease $ 5. 0 million retail activities lower margins competition decrease $ 4. 3 million financial trading margins increase $ 4. 9 million storage marketing margins higher seasonal storage spreads optimization marketing margins increase cost peaking load services higher demand fees.\n volume curtailed fire pipeline compressor station.\nfire damaged instrumentation electrical wiring cheyenne plains gas pipeline force majeure.\n hedged statement 133.\n discontinuance hedge accounting loss $ 5. million recognized third quarter 2007 $ 2. 4 million insurance proceeds recovered first quarter 2008.\n resumed operations november 2007.\n costs decreased legal employee costs ad-valorem tax expense.\n energy services segment.\n 2008 2007 2006\n natural gas marketed bcf ) 1160 1191\n gross margin $ /mcf.\n settled volumes bcf 2359 2370\n gas storage 2008 81. bcf.\n storage capacity 91 bcf gas volumes decreased slightly increased injections.\n demand impacted weather events 15 percent decrease demand hurricane."
}
{
    "_id": "dd4bec2fe",
    "title": "",
    "text": "payments early redemption discounted treasury security.\n discount debt costs amortized 2022.\n.\n issued $ 1. 5 billion unsecured obligations.\n $ 750 million 4. 25%. notes 2021 $ 750 million floating rate repaid 2013.\n proceeds repurchase blackrock 2019s series merrill lynch.\n interest 4. notes 2021 payable semi-annually may november 24 2011 $ 32 million per year.\n notes redeemed maturity redemption price.\n discount debt costs amortized 2021.\n.\n 2009 issued $ 2. 5 billion unsecured.\n three $. billion. 25%. notes repaid december 2012 $ 1. billion 3. 50%. repaid 2014 $ 1. billion 5. notes 2019.\nproceeds offering borrowings cp program barclays global investors 2009 corporate purposes.\n interest 2019 notes $ 50 million payable semi-annually june december 10.\n redeemed maturity redemption price.\n unamortized discount debt costs amortized remaining term 2019.\n.\n issued $ 700 million. 25%. senior unsecured notes september 15 2017.\n proceeds acquisition fund-funds business remainder corporate purposes.\n interest payable semi-annually march september 15 $ 44 million per year.\n notes redeemed maturity price.\n unamortized discount debt costs amortized remaining term 2017.\n.\n leases office spaces 2035.\n future commitments.\n 135\n 2019 125\n 2020 120\n 2021\nrent office equipment lease $ 134 million $ 136 million $ 132 million 2016 2015 2014.\n.\n december 31 2016 company had $ 192 million capital commitments sponsored investment funds.\n private equity real assets opportunistic.\n excludes commitments third-party.\n capital $ 192 million $ 12 million contingent commitments funds expired.\n timing funding unknown callable demand expiration.\n unfunded commitments not recorded statements.\n future commitments binding.\n intends additional capital commitments investment products.\n business acquisitions.\n required performance targets capital commitments.\n remaining contingent payments december 31 2016 $ 115 million included.\n.\n portfolio manager derivative transactions maximum potential exposure $ 17 million.\n note 7 derivatives hedging.\n.\nblackrock receives subpoenas.\n federal state international regulatory authorities"
}
{
    "_id": "dd49899f8",
    "title": "",
    "text": "indebtedness matured quarter 2014.\n interest payable semi-annually march september 18 $ 35 million per year.\n 2024 notes redeemed maturity 201d redemption price.\n unamortized discount debt costs amortized remaining term 2024.\n.\n 2012 issued $ 1. 5 billion unsecured obligations.\n senior debt securities $ 750 million. notes repaid june 2015 maturity $ 750 million. 2022.\n proceeds repurchase blackrock 2019s common stock.\n interest 2022 notes $ 25 million year payable semi-annually june 1 december 1.\n redeemed maturity 201d redemption price.\n future payments redemption.\n unamortized discount costs amortized remaining term 2022.\n.\n 2011 issued $ 1. 5 billion unsecured.\nissued senior debt securities $ 750 million 4. 25%. 2021 $ 750 million floating rate repaid 2013.\n proceeds repurchase blackrock 2019s series merrill lynch.\n interest 4. 25%. 2021 payable semi-annually may november 24 $ 32 million per year.\n redeemed redemption price.\n unamortized discount costs amortized term 2021.\n.\n issued $ 2. 5 billion unsecured unsubordinated obligations.\n three debt securities $. billion 2. 25%. notes repaid 2012 $ 1. billion 3. 50%. repaid 2014 $ 1. billion 5. notes 2019.\n borrowings program acquisition barclays global investors.\n interest 2019 notes $ 50 million payable semi-annually june december 10.\n redeemed redemption price.\nunamortized discount debt costs amortized 2019.\n.\n leases office spaces 2043.\n future commitments.\n 2018\n 2019 132\n 2020 126\n 2021 118\n 2022\n 2017 agreement 50 hymc lease 847000 feet office space 50 hudson yards new york.\n twenty years payments may 2023 option renew.\n rental payments $ 51 million year first five years increasing five years $ 58 million 66 million $ 74 million per year $. billion rent.\n operating not liability.\n rent office equipment expense $ 132 million $ 134 million $ 136 million 2017 2016 2015.\n.\n december 31 $ 298 million capital commitments sponsored investment funds.\n real.\n excludes commitments third.\ntiming funding unknown callable demand expiration.\n unfunded not recorded statements.\n include future commitments.\n intends additional capital commitments investment products clients.\n acquisitions.\n blackrock required payments performance targets revenue new capital commitments.\n remaining contingent payments december 31  2017 $ 236 million $ 128 million first reserve transaction included other liabilities statements."
}
{
    "_id": "dd4b90ada",
    "title": "",
    "text": "regulated subsidiaries discontinued operations.\n amounts statistics tables on-going operations.\n table regulated businesses revenue 2012 customers estimate population served december 31 2012 revenues estimated population.\n jersey revenues 639. 24. 9%. 9 % customers 639838 20. 3%. 3 % estimated population served 2. 5 21. 9%. 9 %\n pennsylvania 557. 21. 7%. 7 %. 8%. 8 %. 19. 3%. 3 %\n 279. 10. 9%. 9 %. 4%. 4 %. 13 2%. 2 %\n. 0%. 0 %. 8%. 8 %. 5%. 5 %\n. 8%. 8 %. 2%. 2 %. 5%. 5 %\n california 193. 7 5%.174188. 5%. 5 %. 3%. 3 %\n west virginia. 4 9%. 9 % 172159. 4%. 4 %. 3%. 3 %\n seven states 2249. 87. 7%. 7 % 2697150 85. 4%. 4 %. 0 %\n 314. 12 3%. 3 % 461076 14. 6%. 6 %. 0% 0 %\n 2564. 100. 0%. 0 % 3158226. 11. %\n illinois-american water company.\n west virginia-american.\n subsidiaries georgia hawaii iowa kentucky maryland michigan new tennessee virginia.\n 87. 7%. 7 % operating revenue. 7 million customers seven states.\n no customer 10% annual revenue.\n 1500 communities 16 states.\nassets include 80 surface water plants 500 groundwater plants 1000 wells 100 wastewater facilities 1200 treated water storage facilities 1300 pumping stations 90 dams 46000 miles mains pipes.\n regulated utilities own assets.\n land assets water.\n water in public trust allocated through contracts rights federal rights.\n maintaining reliability networks key.\n infrastructure renewal programs in states.\n rehabilitation replacement.\n water demands depends on adequate supply water.\n drought restrictions overuse.\n measures ensure adequate water.\n geographic diversity service areas weather extremes"
}
{
    "_id": "dd4c55f88",
    "title": "",
    "text": "consolidated financial statements derivatives credit features firm 2019s derivatives transacted bilateral agreements counterparties post collateral terminate credit ratings.\n assesses impact collateral termination payments downgrade.\n ratings.\n table presents fair value net derivative liabilities agreements excluding collateral assets posted collateral additional collateral termination payments downgrade 2019s credit ratings.\n millions december 2012 2011\n net derivative liabilities bilateral agreements $ 27885 $ 35066\n collateral posted 24296 29002\n additional collateral termination payments one-notch downgrade 1534 1303\n payments two-notch downgrade\n enters transactions manage credit risk investing lending.\n derivatives managed firm 2019s net risk position.\n individually negotiated contracts settlement payment conventions.\nevents include failure to pay bankruptcy indebtedness restructuring repudiation dissolution entity.\n.\n protect buyer against loss principal on bonds loans mortgages issuer suffers credit event.\n buyer pays premium receives protection contract.\n no credit event seller no payments.\n if credit event occurs payment calculated contract.\n credit indices.\n derivatives swaps.\n credit event occurs protection seller pays buyer.\n payment pro-rata portion transaction amount defaulted obligation.\n credit risk separated into portions subordination.\n junior tranches cover defaults excess loss covered by senior tranche.\n total return swaps.\n risks from protection buyer to protection seller.\n receives floating interest protection against reduction fair value receives cash flows increase fair value.\n.\ncredit option writer assumes obligation purchase or sell obligation price or credit spread.\n purchaser buys obligation sell.\n payments depend credit spread or price obligation.\n firm hedges identical.\n transactions with financial institutions subject stringent collateral thresholds.\n trigger event firm possession obligations underlying recover amounts default.\n goldman sachs 2012 annual report"
}
{
    "_id": "dd4bebf02",
    "title": "",
    "text": "assumptions table reflects hundred point increase estimated long-term return assets 2011 pension expense millions long-term rate return.\n expense\n.\n. 35 )\n -5 5\n -2 2\n estimated future contributions $ 403 million 2011 $ 288 million goodwill intangible assets excess cost market value assets.\n intangible assets trademarks customer relationships technology non-compete agreements intangibles.\n goodwill balances december 31 2010 increased $ 8. 6 billion $ 3. 6 billion $ 6. billion $ 791 million 2009 hewitt acquisition.\n goodwill test impairment annually fourth.\n acquired trademarks impairment.\n indicators.\n decline share price market capitalization future cash flows adverse change legal factors business climate.\nevents 2010 or 2009 impairment reported goodwill trademarks.\n perform impairment reviews at reporting unit level.\n.\n component reporting unit discrete financial information available management reviews operating results.\n reporting unit if components similar single component.\n goodwill impairment test two step analysis.\n one fair value unit to book value.\n management fair value.\n fair value greater than goodwill trademarks not impaired no further testing necessary.\n fair value less than perform step two.\n calculated fair value hypothetical purchase price allocation assets liabilities.\n difference implied fair value goodwill.\n charge recorded in financial statements if carrying value greater than implied fair."
}
{
    "_id": "dd4bc6a5e",
    "title": "",
    "text": ".\n company resolved five eight lawsuits believes adequate insurance remaining.\n settlement financial statements.\n 2009 third quarter environmental site remediation action submitted epa feasibility study.\n select remedial action alternative for public comment.\n final remedial action accrued 2009 estimate minimum costs.\n remediation plan costs higher.\n exterior siding roofing litigation established reserves settlement three nationwide class action lawsuits against masonite corp.\n settlements relate to exterior hardboard siding omniwood siding woodruf roofing.\n hardboard required by january 15 2008 omniwood woodruf jan 6  2009.\n table analysis total reserve activity hardboard omniwood woodruf settlements years december 31 2009 2008 2007 millions.\n balance december 31 2006 $ 124\ndecember 31 2007 46\n provision 82\n payments -87\n 31 2008 41\n payments -38 (\n december 31 2009 $ 3\n reserve balance december 31 2009 settlement claims.\n involved inquiries litigation contracts sales intellectual property environmental safety tax personal injury labor employment monetary damages.\n outcome financial statements.\n 12 variable interest entities 2006 sale 5. 6 million acres forestlands international paper received timber $ 4. 8 billion.\n payments august 2016 supported irrev ocable letters credit buyers.\n 2006 contributed timber notes class b interests.\n contributed $ 200 million class a interests $ 400 million promissory notes sold class a interest third party investor.\ndecember 31 2006 international paper held b interests borrower investor entities valued $ 5. 0 billion.\n no obligation further capital contributions provide financial support during 2009 2008 2007.\n analysis paper not primary beneficiary"
}
{
    "_id": "dd4c6528a",
    "title": "",
    "text": "realty corporation annual report 200844 estimated.\n completion estimates contract expenditures final costs.\n changes job performance conditions profitability revisions costs income recognized.\n unbilled receivables construction contracts totaled $ 22. 7 million $ 33. 1 million at december 31 2008 2007.\n property sales gains recognized sfas 66.\n timing sale measured criteria assistance.\n judgments terms transaction total profit ownership interest future involvement.\n sales criteria defer gain recognition account operations finance installment cost recovery until full sales criteria met.\n future costs sale included gain sales.\n gains sales depreciated property operations proceeds sale classified investing activities.\n gains losses sale properties developed repositioned not classified gain sale.\n proceeds development sale classified operating activities.\ncomputed income average.\n diluted income minority interest earnings potential dilutive securities.\n table reconciles basic diluted income.\n 2008 2007 2006\n basic income $ 56616 $ 217692 $ 145095\n minority interest earnings 2968 14399 14238\n diluted income $ 59584 $ 232091 $ 159333\n 146915 139255 134883\n units 7619  9204 13186\n dilutive shares stock-based compensation plans 507 1155 1324\n securities 155041 149614 149393\n excludes 7731 719 anti-dilutive shares december 31 2008 2007 2006.\n excludes. 75%. exchangeable senior notes due november 2011 2006 anti-dilutive effect earnings 31 2008 2007.\njoint venture partner convert ownership common shares.\n effect earnings anti-dilutive years 2008 2007 2006."
}
{
    "_id": "dd4b9ea7c",
    "title": "",
    "text": "interest income 2012 versus 2011.\n $ 3. 88 billion 25% lower 2011.\n due lower yields financial instruments collateralized agreements.\n.\n $ 5. 19 billion 2011 6% lower 2010.\n due higher interest expense long borrowings higher dividend expense instruments offset higher yielding agreements.\n operating expenses influenced compensation headcount business activity.\n salaries discretionary compensation amortization equity awards.\n impacted revenues financial performance labor markets business mix share-based compensation programs external environment.\n difficult initiative 2011 reduce operating expenses.\n annual compensation non-compensation reductions $ 1. 9 billion.\n operating expenses staff.\n 2012 2011 2010\n compensation benefits\n. payrolltax\n brokerage clearing exchange fees\n development\ncommunications technology 782 828\n depreciation amortization 1738 1865\n occupancy 875 1030\n fees 867 992 927\n insurance 529\n expenses 2435 2072\n non-compensation expenses 10419\n operating 22642 26269\n 32400 33300 35700\n.\n.\n.\n consultants temporary.\n"
}
{
    "_id": "dd498e52a",
    "title": "",
    "text": "pnc financial services group.\n 2013 form 10-k 155 legal proceedings financial position.\n claims indemnification obligations results future reporting period loss income.\n outstanding not consolidated balance sheet.\n commitments extend credit december 31 2018 2017.\n commitments extend credit millions.\n commitments extend credit\n commercial lending $ 120165 $ 112125\n home equity lines of credit 16944 17852\n credit card 27100 24911\n 5069 4753\n commitments extend credit 169278 159641\n standby letters credit 8655\n reinsurance agreements\n bond purchase agreements\n commitments 1130 1732\n commitments $ 181612 $ 172521\n commitments extend credit lend funds provide liquidity conditions.\n fixed expiration dates fee termination clauses credit quality.\nstandby letters issue share risk financial institutions support obligations customers insurance requirements transactions capital markets.\n 91% letters rated pass at december 31  2018 2017 remainder criticized.\n rating pass risk loss low criticized higher risk.\n customer fails financial obligation remarketing program obligated payment.\n standby letters credit december 31  2018 terms less one year to six years.\n assets $ 1. 1 billion secured standby letters credit.\n remaining letters secured by collateral guarantees.\n liability obligations $. 2 billion at december 31 , 2018 included consolidated balance sheet."
}
{
    "_id": "dd4b94a7c",
    "title": "",
    "text": "consolidated financial statements credit agreement provides loans bear interest rates base rates plus margin formulas.\n commitment fee unused commitment 0. 125%. to. 625%. per annum.\n interest rate commitment fee ratings standard poor 2019s financial services moody 2019s investor service.\n non-credit long- term senior unsecured debt.\n credit agreement contains restrictive covenants limitations create liens sale leaseback transactions consolidations mergers transfers assets.\n indebtedness to capitalization sixty percent or less.\n events default failure payments covenants change control bankruptcy insolvency.\n no amounts outstanding at december 31 november 12 2010 ppg public offering $ 250 million 1.%. notes due 2016 $ 500 million 3.%. notes due 2020 $ 250 million.%.500 % notes due 2040 notes 201d.\n issued indenture march 18  2008 201d bank new york mellon trust company. supplemented first supplemental indenture march 18 2008 second november 12 2010 201d.\n company issue additional debt.\n covenants incur liens indebtedness sale-leaseback transactions consolidations mergers conveyances transfers leases assets.\n require repurchase change control price equal 101% principal amount plus accrued unpaid interest.\n cash proceeds $ 983 million net discount issuance costs.\n costs $ 17 million amortized to interest expense.\n.\n uncommitted lines of credit $ 791 million $ 31 million used december 31  2010.\n subject to cancellation not commitment fees.\nshort-term debt december 31 2010 2009 20ac650 million revolving credit. 8%. 8 %.\n 2009 $ 110 average 3. 39%. 39 %.\n 2010 2. 2%. 2 % covenants credit agreements loan agreements indentures.\n agreements financial ratio covenant.\n total indebtedness exceed 60% 60 % capitalization excluding.\n 31 2010 indebtedness 45% 45 % capitalization.\n debt agreements cross- default provisions.\n default debt payment $ 10 million.\n primary debt obligations secured guaranteed affiliates.\n interest payments 2010 2009 2008 totaled $ 189 million $ 201 million $ 228 million.\n.\n 20ac650 million revolving credit. 8%. 8 %. 2009\n average 3. 39%. 39 %. 2010 2. 2%. 2 % 2009\n$ 24  $ 268\n credit agreement loans bear interest company option base rates plus margin formulas.\n commitment fee unused commitment 0. 125%. to. 625%. per annum.\n interest rate commitment fee vary ratings standard poor 2019s financial services moody 2019s investor service.\n non-credit long- term senior unsecured debt.\n restrictive covenants limitations liens sale leaseback transactions consolidations mergers transfers assets.\n requires ratio total indebtedness to capitalization sixty percent or less.\n events default failure payments covenants change control bankruptcy insolvency.\n no amounts outstanding december 31 november 2010 ppg public offering $ 250 million principal 1.%. notes 2016 $ 500 million principal 3.%.600 % notes due 2020 201c2020 notes 201d $ 250 million principal amount 5. 500%. notes due 2040 notes 201d.\n issued indenture march 18 2008 201d bank new york mellon trust company. first supplemental indenture march 18 2008 second november 12 2010 201d.\n issue additional debt.\n incur liens indebtedness sale-leaseback transactions consolidations mergers conveyances transfers leases assets.\n require repurchase change control price equal 101% principal amount accrued unpaid interest.\n cash proceeds $ 983 million net discount issuance costs.\n costs $ 17 million amortized interest expense.\n.\n operations uncommitted lines credit $ 791 million $ 31 million used december 31 , 2010.\nuncommitted lines credit subject cancellation not commitment fees.\n short-term debt december 31 2010 2009 2009 20ac650 million revolving credit facility 0. 8%.\n 2009 $ 110 average 3. 39%.\n 2010 2. 2%. 2009 restrictive covenants credit agreements loan agreements indentures.\n revolving credit agreements financial ratio covenant.\n total indebtedness not exceed 60% capitalization excluding.\n 2010 indebtedness 45% 45 % capitalization.\n debt agreements cross- default provisions.\n default payment $ 10 million.\n primary debt obligations secured guaranteed affiliates.\n interest payments 2010 2009 2008 totaled $ 189 million $ 201 million $ 228 million.\n"
}
{
    "_id": "dd4ba534a",
    "title": "",
    "text": "$ 125 million maintenance costs $ 18 million.\n profits 2012 $ 184 million acquisition temple-inland mill divestiture $ 91 million restructuring european packaging $ 17 million $ 3 million gain other items 2011 temple-inland $ 20 million $ 7 million other items.\n.\n $\n profit\n sales $ 11. 6 billion 2012 8. billion 2011. billion 2010.\n profits $ 1. billion. 763 million facility closure.\n sales volumes flat.\n sales price lower export containerboard.\n input costs lower recycled fiber wood natural gas higher starch.\n freight costs.\n maintenance downtime costs higher.\n inventory valuation adjustments 235 million temple-inland synergies.\n market-related downtime 570000 tons 380000 2011.\nprofits 2012 $ 184 million acquisition temple-inland $ 91 million divestiture three containerboard mills.\n 2011 $ 20 million temple inland.\n 2013 sales volumes first quarter increase higher shipping days.\n price containerboard price increase.\n input costs higher recycled fiber wood starch.\n maintenance downtime costs $ 26 million higher outages eight mills.\n costs lower.\n packaging net sales $ 1. 0 billion 2012 $ 1. billion 2011 $ million 2010.\n profits $ 53 million 72 $ 66 million etienne mill 2011 $ 70.\n sales volumes lower decreased demand weaker economic environment.\n flat.\n sales margins increased price increases lower board costs.\n costs higher energy distribution.\n net gain $ 10 million insurance settlement offset costs earthquakes.\nfirst quarter 2013 sales volumes stable seasonal decrease increase industrial.\n sales margins improve lower input costs.\n.\n operating costs higher earthquake insurance settlement sales profits sca pack aging 2010.\n net sales $ 400 million 2012 410 2011 255.\n operating profits $ 2 million loss $ 7 million.\n higher sales margins offset lower sales volumes higher raw material operating costs.\n first quarter 2013 sales volumes margins decrease seasonality.\n net sales distribution $ 260 million 2012 2011 240.\n operating profits $ 3 million breakeven."
}
{
    "_id": "dd4bd677e",
    "title": "",
    "text": "item entergy corporation utility companies system energy asbestos litigation arkansas gulf states louisiana mississippi new orleans lawsuits filed federal state courts texas louisiana contractor employees 1940-1980s against other utility companies damages exposure asbestos.\n defendants.\n approximately 500 lawsuits 5000 claimants.\n management provisions cover exposure.\n negotiations continue insurers recover reimbursements.\n loss exposure resolution not material financial position results utility companies.\n employment labor proceedings subsidiaries responding lawsuits state federal courts labor-related proceedings current former employees.\n damages not specified.\nactions include wrongful employment wage disputes fair labor standards act race gender disability discrimination collective bargaining agreements unfair labor practice national labor relations board retaliation benefits entergy plans.\n subsidiaries deny liability.\n.\n december 31 2011 subsidiaries employed 14682.\n.\n 1357\n 937\n mississippi\n orleans\n texas 674\n 2867\n 3138\n nuclear 3709\n 5300 employees represented electrical workers utility workers union teamsters united government security officers security police fire professionals."
}
{
    "_id": "dd4c0632a",
    "title": "",
    "text": "maintenance operate eighth largest vocational fleet united states.\n december 31 2014 average fleet age line business number age.\n residential 7600\n commercial 4300\n industrial 3900\n 15800.\n standardization functions minimize variability maintenance higher vehicle quality service life.\n reliable safer efficient fleet operating costs.\n implemented standardized maintenance programs 60% fleet december 31 2014.\n cash utilization strategy increasing free cash flow improving return invested capital.\n free cash flow.\n operating activities purchases property equipment proceeds sales.\n cash flow section.\n free cash flow drives shareholder value information.\n cash strategy acquisitions returning free cash flow shareholders dividends share repurchases.\n committed efficient capital structure investment grade credit ratings.\nmanage cash flow capital expenditures business growth opportunities working capital receivable payable landfill environmental costs.\n 2003 initiated quarterly cash dividend $ 0. 04 per share.\n increased 2014 $ 0. 28 per share. increase prior.\n 5 years annual growth. 1%.\n consider additional increases value.\n 2013 added $ 650 million repurchase authorization.\n $ 1439. 5 million. 6 million shares common stock cost per share $ 30. 88.\n $ 360. 2 million remaining repurchase authorization.\n remaining repurchase common stock."
}
{
    "_id": "dd4bcb644",
    "title": "",
    "text": "consolidated financial statements march 18 2008 public offering $ 600 million 5. 75%. 75 % 2013 $ 700 million 6. 65%. 2018 $ 250 million 7. 70%. 2038.\n.\n proceeds $ 1538 million discount costs additional borrowings $ 195 million 20ac650 million revolving credit repay debt short-term debt 20ac1 billion.\n.\n discount issuance costs $ 12 million amortized interest expense.\n short-term debt december 31 2008 2007 2007.\n 20ac1 billion bridge loan agreement 5. 2%. 2 %\n. commercial paper 5. 3%. 3 % ). 31 2008\n 20ac650 million revolving credit facility 2. 9%. 9 %.\n 4. 0%. %.\n$ 784 $ 1818 borrowings 30 days rolled over monthly until 2010.\n covenants credit agreements loan.\n credit agreements financial ratio covenant.\n indebtedness 60% capitalization excluding.\n december 31 2008 indebtedness 45%.\n debt agreements cross- default provisions.\n $ 10 million.\n debt obligations secured guaranteed affiliates.\n interest payments 2008 2007 2006 $ 228 million $ 102 million $ 90 million.\n rental expense $ 267 million $ 188 million $ 161 million.\n leased assets paint stores transportation equipment warehouses office space corporate headquarters pittsburgh.\n minimum lease commitments $ 126 2009 $ 107 2010 $ 82 2011 65 2012 51 2013 202.\n outstanding letters of credit $ 82 million december 31  2008.\nletters of credit secure company performance to self-insurance programs commitments.\n 2008 2007 guarantees were $ 70 million.\n relate to debt.\n debt secured by assets.\n carrying values $ 9 million $ 3 million fair values $ 40 million $ 17 million.\n loss.\n.\n cash equivalents escrow marketable equity securities life insurance short- long-term debt.\n fair values carrying values long-term debt values $ 3122 million $ 3035 million 2008.\n 2007 $ 1201 million $ 1226 million.\n values based on discounted cash flows interest rates.\n 2008 annual report form 10-k"
}
{
    "_id": "dd4c55196",
    "title": "",
    "text": "financial statements reduction debt accrued interest.\n new shares released outstanding earnings share.\n unreleased not outstanding.\n pensions postretirement benefits 2006 fasb issued sfas.\n 158 2019 defined benefit pension plans amendment statements.\n 87 88 106 132. company recognize net liability report funded status defined benefit pension changes funded status.\n.\n 158 change pensions postretirement benefits.\n adopted recognition disclosure provisions.\n.\n 2006.\n impact applying.\n 158 line items balance sheet.\n.\n.\n.\n.\n assets $ 494 $ 105 $ 599\n deferred income tax liability -193 ( -136\n accrued pensions -371 -258 -629\n postretirement benefits -619 -1028\n loss 480 505 985\npostretirement benefits 619 ) 409 ) 1028 ) loss 480 505 balances accounting standards adoption.\n.\n note 13 benefits.\n derivative instruments recognizes instruments assets liabilities fair value balance.\n accounting changes fair value depends.\n cash flow hedge change fair value deferred income.\n ineffective reported earnings.\n hedge change value offset change value.\n hedge foreign operation change fair value deferred unrealized currency translation adjustment loss income.\n.\n.\n reserve $ 10 million $ 4 million.\n pretax charges income warranties 2006 2005 2004 $ 4 million $ 5 million $ 4 million.\n cash outlays warranties $ 5 million $ 4 million 4 million.\n $ 7 million warranty obligations assumed 2006 business acquisitions.\nretirement obligations legal obligation retirement long-lived asset incurred acquisition construction development operation.\n obligations estimate fair value.\n adjusted for changes value.\n estimated retirement costs capitalized depreciated over useful life.\n obligations associated with closure assets chemicals manufacturing.\n.\n 2006 2005 accrued asset retirement obligation $ 10 million.\n 2004 $ 9 million.\n 2005 fasb issued interpretation.\n.\n.\n.\n conditional asset retirement obligation.\n guidance estimate value.\n.\n 2005 adopted provisions.\n.\n conditional asset retirement obligation relates to future abatement asbestos production facilities.\n arises from building practices.\n no current legal requirement to abate.\nno requirement current plans timing method cost future abatement 2006 annual report form 10-k"
}
{
    "_id": "dd4b8c6e2",
    "title": "",
    "text": "valero energy corporation financial statements.\n equity share activity common treasury stock millions.\n balance december 31 2015 -200\n transactions-based compensation plans\n purchases 23\n december 31 2016 -222\n transactions\n purchases\n december 31 2017 -240\n purchases\n december 31 2018 -256 (\n 20 million shares value $ 0. 01 per share.\n no shares preferred outstanding december 31 2018 2017.\n common stock program employee stock-based compensation plans.\n 13 2015 $ 2. 5 billion stock no expiration date 2017.\n 2016 additional $ 2. 5 billion 2018.\n 23 $ 2. 5 billion no expiration date.\n 2018 2017 2016 purchased $ 1. 5 billion $ 1. 3 billion.3 billion common stock.\n december 31 2018 approval purchase $ 2. billion.\n january 24 quarterly dividend $ 0. 90 share march 5 2019 holders february 13.\n valero energy partners september 16 2016 equity distribution agreement offered sold units $ 350 million market conditions"
}
{
    "_id": "dd4bd135a",
    "title": "",
    "text": "4 4 2019 notes table management believes operating income margin indicators blackrock 2019s financial performance.\n income margin provide disclosure investors.\n bgi transaction integration costs 2010 2009 advisory payments compensation legal fees marketing occupancy consulting expenses.\n restructuring charges 2009 2008 compensation occupancy professional fees.\n non-recurring excluded from operating income.\n operating margins exclusive costs useful blackrock 2019s operating performance.\n compensation expense long-term incentive plans funded blackrock stock excluded impact blackrock 2019s book value.\n compensation expense appreciation investments blackrock deferred compensation plans excluded returns expense reported in non-operating income.\n operating margin  margin equal to operating income excluding impact closed-end fund launch costs commissions.\nbelieves excluding costs commissions useful fluctuate revenues impact results future periods.\n operating margin allows performance items restructuring charges transaction integration costs fund launch costs commissions fluctua tions compensation expense.\n uses operating margin performance.\n uses gaap non-gaap financial measures performance.\n non-gaap measure include all revenues expenses.\n operating margin excludes distribution servicing costs.\n excluding costs useful creates consistency treatment contracts similar services accounted lending.\n amortization deferred sales commissions excluded from operating margin offset distribution fee revenue.\n reimbursable property management compensation personnel metric property management.\n subsidiary blackrock realty advisors.\n.\n employees retained on metric payroll properties acquired by realty clients.\ncompensation benefits reimbursed by realty clients excluded from revenue operating margin economic cost to blackrock.\n excludes costs for offsetting revenues.\n non-operating income less net income loss non-controlling interests equals loss for compensation expense depreciation investments blackrock deferred compensation plans.\n compensation expense offset recorded in operating income.\n included in non-operating income less net income loss returns on investments for plans.\n yearended december 31 2010 2009 2008\n non-operating income expense $ 23  $ -6 ( $ -577\n less net income loss ) attributable to nci -13 -155\n non-operating income -28 -422\nexpense appreciation deferred compensation plans -11 -18 38\n non-operating income less net loss nci $ 25 $ -46 $ -384\n non-operating income 36 28 ) 422 appreciation compensation plans 11 18 38 non-operating income less net income loss nci $ 25 46 $ income loss non-controlling interests.\n comparability periods reviewing blackrock 2019s non-operating contribution results.\n compensation expense appreciation deferred compensation plans offsets gain loss investments loss nci measure blackrock 2019s non-operating results book value."
}
{
    "_id": "dd497b29a",
    "title": "",
    "text": "repurchase equity securities table purchases fourth quarter 2008 number shares purchased average paid plans maximum.\n shares average price paid maximum\n october 1-31 $.\n november 1-30 4468.\n december 1-31 12850.\n 47022.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n. restricted shares common stock employee stock compensation plans offset tax withholding obligations shares fourth quarter 2008.\n average price month withheld shares calculated dividing value tax withholding obligations number shares."
}
{
    "_id": "dd4b8d15a",
    "title": "",
    "text": "includes capitalized lease obligations $ 3. 2 million $ 0. 1 million as december 31 2015 2014 included liabilities consolidated balance sheet.\n ebitda consolidated net income before interest tax depreciation amortization.\n adjusted ebitda.\n reconciliation ebitda.\n non-gaap financial measures.\n performance financial position cash flows amounts.\n differ.\n ebitda adjusted provide information operating performance cash flows future debt service capital expenditures working capital requirements.\n adjusted ebitda primary measure covenants definitions credit agreement senior secured term loan excess cash flow payment restricted payment covenant net leverage ratio.\n interest rate investments additional debt restricted payments additional principal prepayments beyond quarterly.\n details see note 8 long-term debt consolidated financial statements.\ntable net income ebitda adjusted ebitda.\n millions 2015 2014 2013 2012 2011\n net income $ 403. $ 244. $ 132. 119. $ 17.\n depreciation amortization 227. 207. 208. 210. 204.\n tax expense 243. 142. 62. 67. 11.\n expense 159. 197. 250. 307. 324.\n 1033. 792. 653. 703. 557.\n non-cash equity-based compensation 31. 16. 8. 22. 19.\n loss extinguishment long-term debt 24. 90. 64. 17. 118.\n loss equity investments 10. -2\n integration 10.\n gain remeasurement equity investment -98.\n adjustments 6. 9. 82. 23.21.\n ebitda $ 1018. $ 907. $ 808. $ 766. $ 717.\n loss extinguishment long-term debt 24. 90. 7 64. 17. 118. loss equity investments 10. acquisition integration expenses 10. gain remeasurement equity investment 98. adjustments 6. 82. 23. 21 ebitda $ 1018. $ 907. $ 808. $ 766. $ 717. 2015 2014 2013 2012 2011 net losses extinguishments long-term debt.\n difference extinguishment net extinguished debt unamortized deferred financing costs.\n net income/loss equity investments.\n 35% % loss equity awards.\n expenses acquisition.\n gain remeasurement 35% equity investment acquisition."
}
{
    "_id": "dd4be3da2",
    "title": "",
    "text": "ii item 8 schlumberger subsidiaries common stock millions treasury.\n balance january 1 2007 1334 -156 1178\n shares optionees exchanged\n employee stock purchase plan\n repurchase\n conversions debentures\n balance december 31 2007 1334 -138 1196\n shares optionees exchanged\n employee stock purchase plan\n repurchase\n conversions debentures\n december 31 2008 1334 -140 1194\n shares optionees exchanged\n restricted stock\n employee stock purchase plan\n repurchase\n balance december 31 2009 1334 -139 1195\n consolidated financial statements"
}
{
    "_id": "dd497b524",
    "title": "",
    "text": "return lkq corporation nasdaq stock market. peer group.\n 12/31/2011/31/2012/31/2013/31/2016\n lkq corporation $ 100 $ 140 219 187 197\n s&p 500 index $ 100 $ 113 $ 147 164 163\n peer group $ 100 $ 111 $ 140 $ 177 $ 188\n stock performance information material rule 14a section 18 securities exchange act 1934 incorporated securities act 1933 1934.\n common stock equity compensation plans december 31 2016 item 12 annual report form 10-k incorporated."
}
{
    "_id": "dd49759bc",
    "title": "",
    "text": "2013 ace limited subsidiaries excluded from adjusted weighted-average shares conversions impact securities anti-dilutive.\n 31 2010 2009 2008 potential anti-dilutive share conversions 256868 1230881 638401 shares.\n.\n ace foundation 2013 bermuda not-for-profit charitable causes bermuda.\n trustees ace management.\n maintains non-interest demand note receivable balance $ 30 million $ 31 million at december 31 2010 2009.\n receivable included assets.\n borrower proceeds investments bermuda real estate rented employees.\n income repay fund charitable activities.\n reports demand note principal value repay loan real estate.\n.\n insurance subsidiaries subject laws regulations.\n dividends distributions loans cash advances without approval insurance.\nno statutory restrictions payment dividends earnings bermuda subsidiaries minimum capital surplus satisfied by share additional paid-in capital.\n.\n subsidiaries file financial statements statutory accounting practices.\n differs reinsurance contracts investments subsidiaries acquis expenses fixed assets deferred income taxes.\n statutory capital surplus.\n 2010 2009 2008.\n dividends 2011 totals $ 850 million.\n combined statutory capital surplus net income bermuda.\n subsidiaries years 2010 2009 2008.\n.\n statutory capital surplus $ 11798 $ 9164 $ 6205\n net income $ 2430 $ 2369 $ 2196 1047 904 818\n restructuring.\nsubsidiaries discount a&e liabilities increased capital surplus $ 206 million $ 215 million $ 211 million december 2008.\n subsidiaries prepare financial statements local laws.\n jurisdictions.\n licenses.\n reserves capital solvency tests.\n fines sanctions."
}
{
    "_id": "dd4bc314c",
    "title": "",
    "text": "reconciliation unrecognized tax benefits.\n 2010 2009 2008\n balance january 1 $ 29010 $ 34366 29132\n additions tax\n prior years\n reductions\n settlements\n lapses statutes limitations\n balance december 31 $ 23773 $ 29010 34366\n unrecognized tax benefits tax rate.\n 2010 settled 2003 2004 audit.\n net tax benefit $ 25920 thousand.\n $ 12356 thousand reserve 2003 2004.\n subject.\n income tax examinations 2007.\n recognizes accrued interest unrecognized tax benefits penalties.\n 31 2010 2009 2008 net expense $ 9938 $ 1563 thousand $ 2446 thousand penalties.\n 2010 9938 $ 10591 thousand accrued interest 2003 2004.\ncompany unrecognized tax benefits twelve months reporting.\n.\n foreign tax credit carryforwards $ 55026 thousand 2014.\n.\n $ 41693 thousand alternative tax credits.\n deferred tax assets no valuation allowance recorded.\n tax benefits $ 629 thousand $ 1714 thousand compensation deductions stock options 2010 2009 paid capital balance sheets."
}
{
    "_id": "dd496ce98",
    "title": "",
    "text": "republic services.\n financial statements 2014.\n fuel swap agreements cash flow hedges mitigate exposure diesel fuel prices.\n swaps effective hedges diesel fuel.\n table summarizes fuel hedges december 31 2016 gallons hedged average contract price per gallon.\n 12000000.\n 2018.\n.\n average price diesel fuel exceeds contract price receive difference counterparty.\n less pay difference counterparty.\n fair values fuel hedges determined standard option valuation models commodity prices.\n aggregate fair values 2016 2015 liabilities $ 2. 7 million $ 37. 8 million recorded accrued liabilities balance sheets.\n changes fair values gain $ 0. 8 million 2016 loss $. 4 million. 5 million 2015 2014 recorded.\n total gain loss hedges $ 20.7 million $ 2. million $ 24. 2 million years 31 2016 2015 2014.\n classify cash inflows outflows fuel hedges statements.\n recycling commodity hedges revenue old corrugated containers newsprint.\n use swaps costless collars cash flow hedges manage exposure prices.\n 2016 agreements forecasted occ sales.\n effective hedges recycling commodity sales.\n costless collar agreements sales.\n put option written call option cap strike price.\n calls same settlement dates settled cash terms expiration.\n options no net premium costless collars.\n no payments settlement price between floor cap price above cap pay counterparty excess price volumes.\n below deficit.\n reduce variability cash flows forecasted sales strike prices."
}
{
    "_id": "dd4c3e3e2",
    "title": "",
    "text": "consolidated financial statements gains losses assets liabilities fair value table presents gains losses firm fair value assets.\n gains losses included 201cmarket making principal transactions. gains losses derivative hybrid financial instruments unsecured short long-term borrowings.\n gains losses recognized.\n hybrid instrument.\n amounts exclude contractual interest included 201cinterest income 201d expense.\n note 23 information interest income expense.\n gains losses financial assets liabilities fair value december millions 2012 2011 2010 receivables customers counterparties $ 190 97.\n gains losses 2012 2011 2010\n receivables customers $ 190 $ 97\n secured financings -190 -63 -227 ( 227 )\nunsecured short-term -973 -1455\n unsecured long-term -1523 2336 -1169 ( 1169\n liabilities accrued -1486 ( 1486 -911 ( 911\n -81 (\n -4063 ( 3698 -2908\n.\n gains losses reinsurance contracts transfers receivables.\n.\n instruments $ ( 814 ) million $ 2. billion $. 49 billion 2012 2011 2010.\n.\n $ ( million $ 1. 80 billion. 32 billion 2012 2010.\n.\n insurance contracts.\n.\n resale repurchase agreements securities borrowed loaned deposits.\n gains losses fair value option gains losses instruments. 2012 annual report"
}
{
    "_id": "dd4b8ff9a",
    "title": "",
    "text": "maturity october 2016.\n maturity revolving credit extended october 2018 increased $ 900 million $ 600 million.\n amended credit agreement term c-2 c-3 loan $ 900 million revolving credit facility.\n net deferred financing costs $ millions.\n december 31 2011 28\n financing costs deferred\n accelerated amortization refinancing\n 31 2012\n costs deferred\n december 31 2013\n costs deferred\n amortization refinancing\n december 31 2014\n 4. 625%.\n $ 400 million prepayment term c loan facility.\n september 2013 amendment reduce interest rates term c-2 loan facility 2016.\n $ 6 million 3. 250%. $ 4 million september 2014 amendment credit.\n $ 4 million 6. 625%625 % notes redemption $ 1 million c-2 loan facility conversion.\n december 31 2014 margin borrowings 2. 0%. above euro margin c-3 2. 25%. above libor dollars. euribor.\n december 31 2014 margin revolving credit 1. 5%. above libor.\n margin increase decrease corporate credit ratings celanese.\n borrowings amortization 1% 1 % initial principal amount per annum payable quarterly.\n pays quarterly commitment fees unused portion 0. 25%. per annum.\n guaranteed celanese subsidiaries secured lien assets exceptions real property foreign subsidiaries guarantee collateral agreement borrowing funds letters credit first lien senior secured leverage ratio last day fiscal quarter exceed threshold.\n below threshold amounts outstanding credit."
}
{
    "_id": "dd4c53d0a",
    "title": "",
    "text": "tower corporation unrecognized tax benefits change 12 months matters statute limitations.\n zero to $ 10. 8 million.\n unrecognized tax benefits years december 31.\n 2015\n balance january 1 $ 28114 $ 31947 $ 32545\n additions tax positions\n additions prior years\n -307 -5371\n reduction statute limitations settlements -3168 -5349\n balance december 31 $ 107551 $ 28114 $ 31947\n 2014 statute limitations unrecognized tax benefits lapsed positions settled $ 3. 2 million $. 5 million $. million liability uncertain tax benefits income tax.\n penalties interest $ 9. million $. $ 6. million years 2016 2015 2014.\nexpiration statute limitations company reduced liability penalties interest tax 2016 2015 2014 by $ 3. 4 million $ 3. 1 million $ 9. 9 million.\n accrued interest penalties balance were $ 24. 3 million $ 20. 2 million.\n filed consolidated income tax returns.\n federal.\n subject examination.\n jurisdictions tax years.\n years open examination after carryforwards.\n assesses additional assessments.\n adequate provisions taxes 2016.\n.\n compensation maintains equity incentive plans stock-based awards directors officers employees.\n 2007 equity incentive plan non-qualified incentive stock options restricted stock units awards.\n not less than fair value underlying common stock grant.\n awards over four years three years psus.\n expire 10 years from grant.\n december 31 2016 company awards 9. 5 million shares 2007 plan.\n maintains employee stock purchase plan employees purchase common stock-annual closing market value.\n periods june 1 november 30 december 1 through may 31.\n 2016 2015 2014 stock-based compensation expenses thousands"
}
{
    "_id": "dd4bb6c12",
    "title": "",
    "text": "sources uses cash millions cash flows years 29 30 31.\n 292018 302017 312016\n cash operating activities $ 29432 $ 22110 21808\n investing -11239 -15762 -25817 25817\n financing activities 18607 -8475 -5739 ( 5739\n increase cash equivalents $ -414 -9748\n consolidated results analysis"
}
{
    "_id": "dd4c16536",
    "title": "",
    "text": "graph compares return dividends common stock standard's 500 composite stock index dow jones united states travel leisure index five year prices 2012 2017.\n royal caribbean cruises. 142. 251. 313.\n. 132. 150. 152. 170. 208.\n dow jones travel leisure. 145. 169. 179. 192. 238.\n value common stock index $ 100 december 31 2012 dividends reinvested.\n performance not indicator future results."
}
{
    "_id": "dd4c3fcce",
    "title": "",
    "text": "financing conducted through citi 2019s subsidiaries matched-book trading inventory.\n liability on citi 2019s balance sheet loaned sold.\n financing $ 189. 6 billion averaged $ 207 billion quarter.\n increased $ 35 billion from $ 154. 3 billion 2009.\n reverse repos securities borrowing increased $ 25 billion.\n majority collateralized by government securities.\n collateral from citi 2019s trading assets secured lending.\n minority collateralized by less liquid collateral trading assets secured lending.\n less borrowing calibrated by asset quality tenor counterparty exposure reliability.\n mitigants.\n liquidity resources collateralized liquidity transfers cushion.\n secured lending positions liquidity under stress.\nciti has excess funding for less liquid collateral dislocation.\n size trading books.\n december 31  2010 commercial paper citigroup 2019s non- bank entities subsidiaries billions non.\n commercial paper.\n $ 15 billion commercial paper january 1 2010 sfas 166/167.\n short-term borrowings $ 54 billion $ 42. 4 billion from banks market federal home loan banks.\n decrease $ 11 billion 2009.\n average balance quarter $ 43 billion.\n short-term borrowings include $ 11. 7 billion broker borrowings averaged $ 13 billion.\n notes 12 19 citigroup long-term debt short-term borrowings.\n liquidity transfer non-bank regulatory restrictions.\n non-bank excess liquidity into citi bank subsidiaries.\n.lend citigroup 23a federal reserve act.\n 2010 $ 26. 6 billion funds collateralized."
}
{
    "_id": "dd4bbf57e",
    "title": "",
    "text": "1a.\n risk factors investment securities.\n materialize business financial condition results operations trading price shares decline.\n business fluctuations financial markets investment losses.\n disruptions public debt equity markets losses investment portfolio.\n financial markets improved since 2008 could deteriorate.\n disruption market sectors energy sector.\n declines losses results operations equity business insurer financial strength debt ratings.\n catastrophic events.\n exposed to unpredictable catastrophic events weather natural catastrophes acts terrorism.\n reduction operating results inhibit dividends meet interest principal obligations.\n past five years pre-tax catastrophe losses net reinsurance.\n.\n.\n.\n.\n.\n losses from future catastrophic events could exceed projections.\n projections strategic underwriting tool.\nuse loss projections estimate catastrophe losses decide retrocessional coverage limit losses.\n projections approximations losses exceed projections adverse effect financial condition results operations."
}
{
    "_id": "dd4be3974",
    "title": "",
    "text": "vroman 39.\n managing director commodity products otc services information since 2010.\n.\n managing chief corporate development officer 2008 2010.\n.\n joined 2001 positions managing director corporate development information technology services.\n.\n warren.\n managing director equity index services since february 2010.\n.\n managing director equity products 2007.\n.\n goldman sachs president manager trading business analysis.\n.\n managed equity option execution clearing amro senior consultant arthur andersen co.\n.\n track revenues geographic location.\n trading volume.\n international telecommunication hubs.\n.\n percentage total trading volume globex platform non.\n.\n. 13% 13 % 9 % 11% 11 %\n telecommunication hubs.\n.\nannual 10-k quarterly 10-q current 8-k amendments.\n corporate governance principles director conflict interest policy ethics independence standards employee code conduct charters committees.\n copies available shareholders request shareholder relations member services.\n hausoul group. 20 south wacker drive chicago illinois."
}
{
    "_id": "dd4c58d46",
    "title": "",
    "text": "alcoa subsidiaries file tax returns.\n federal foreign jurisdictions.\n no subject tax examinations 2006.\n.\n tax years prior 2015 audited.\n tax authorities examining alcoa tax returns 2014.\n reconciliation unrecognized tax benefits excluding penalties.\n 2015 2014 2013\n balance beginning year $ 35  $ 63  $ 66\n additions tax positions current year\n prior years\n reductions\n settlements tax authorities\n expiration statute of limitations\n foreign currency translation\n balance end of year $ 43 $ 35  $ 63\n balance state tax liabilities before offset federal tax benefits.\n unrecognized tax benefits annual effective tax rate 2015 2014 2013 approximately 12% 4% pretax income.\nalcoa changes unrecognized tax benefits consolidated operations 2016.\n policy interest penalties.\n 2015 2014 2013 recognized $ 8 $ 1 $ 2  interest penalties.\n statute settlements refunded overpayments recognized interest income $ 2 $ 5 $ 12 2013.\n 31 amount accrued interest penalties $ 9.\n.\n arrangement financial institutions sell receivables without recourse.\n bankruptcy entity.\n minimum funding $ 200 $ 500 receivables sold.\n sold $ 304 receivables $ 50 cash $ 254 deferred purchase price.\n received additional net cash funding $ 200 receivables sold $ 1258 $ no repayments 2015 670 2014.\n december deferred purchase price receivable $ 249 $ 356 included other receivables balance sheet.\ndeferred purchase price receivable reduced collections revolving program sale new receivables.\n net change reflected receivables line item.\n activity reflected operating cash flow receivables insignificant short-term interest rate risk."
}
{
    "_id": "dd4be6340",
    "title": "",
    "text": "table foreign currency translation adjustments 2012 2011 2010.\n 2011 2010\n beginning balance $ 10580 $ 7632\n currency translation adjustments 5156 -4144\n income tax effect adjustments earnings 1314 -2208\n ending balance $ 9669 $ 10580 7632\n stock repurchase program dilution shares structured repurchase agreements third-parties.\n expiration.\n limited net dilution subject business conditions cash flow requirements board.\n 2010 amendment repurchase program non-expiring time-constrained dollar-based.\n repurchase $ 1. 6 billion common stock end fiscal 2012.\n exhausted $ 1. 6 billion authority new repurchase program $ 2. billion 2015.\n similar previous $ 1. 6 billion repurchase.\n2012 2011 2010 entered repurchase agreements financial institutions provided prepayments $ 405. million $ 695. $ 850 million.\n $ 405. million $ 100. million new $ 2. billion stock repurchase program $ 305. million previous $ 1. 6 billion authority.\n $ 850. million $ 250. million stock repurchase program $ 600. million amended $ 1. 6 billion dollar-based authority.\n agreements shares guaranteed discount price.\n discount higher return.\n no commissions fees.\n requirement return prepayment.\n deliver shares monthly.\n parameters total amount trading days average vwap stock discount.\n 2012 repurchased 11. 5 million shares average $ 32. 29.\n 2011 repurchased 21. 8 million shares average $ 31. 81.\n2010 repurchased 31. 2 million shares average price per share $ 29. 19 repurchase agreements.\n prepayments treasury stock shares delivered november excluded earnings per share.\n 2012 $ 33. 0 million prepayments.\n december 2 2011 no prepayments.\n adobe systems notes financial statements"
}
{
    "_id": "dd4c5b532",
    "title": "",
    "text": "systems incorporated financial statements.\n restructuring charges table activity december 3 1999 accrued balance november 27 cash charges payments adjustments.\n balance november\n restructurings\n $. 8 million accrued restructuring costs fiscal 1998 restructuring program.\n. 3 million severance charges. 1 million lease termination costs. 4 million canceled contracts.\n majority paid first quarter 2000.\n cash payments twelve months december 3 1999 restructuring. 7 million. 6 million. 4 million severance lease termination costs canceled contracts.\n adjustments 1998 restructuring. 4 million lease termination. 3 other charges.\n balance lease termination costs restructuring programs 1994 1995.\n payments twelve months december 3 1999 $ 1. 5 million.\nthird fourth quarters 1999 recorded adjustments $ 1. 2 million.\n adjustment $ 0. 6 million lease.\n $. 6 million reduced expired lease termination costs merger.\n december 3 balances frame mergers.\n third fourth quarters recorded $ 8. 4 million.\n $ 2. million cancellation contract $ 2. accelerated depreciation restructuring.\n incurred nonrecurring compensation charge $ 2. 6 million terminated employee consulting fees $ 1. 6 million."
}
{
    "_id": "dd4c3dc30",
    "title": "",
    "text": "capital leases recorded lower net present value minimum lease payments fair value leased asset.\n amortization expense computed straight-line method shorter estimated lives lease.\n.\n accounts payable current liabilities.\n.\n.\n.\n accounts payable $ $ 612\n dividends interest 383 347\n wages vacation\n income taxes\n casualty costs 325\n equipment rents\n accounts payable currentliabilities $ 2713 $ 2470\n.\n financial instruments strategy risk derivative instruments interest rates fuel prices.\n not party leveraged derivatives speculative.\n instruments hedge accounting effectiveness.\n document relationships instruments risk- management objectives strategies effectiveness.\n changes fair market value charged to earnings.\nuse swaps collars futures forward contracts risk adverse interest rates fuel prices limit benefits favorable interest rate fuel price.\n credit risk risk selecting value hedged item.\n manage credit risk requiring high credit standards counterparties settlements.\n december 31 2009 required collateral.\n determination fair value current values future cash flows.\n interest rate hedges manage exposure adjusting fixed floating rate debt instruments.\n manage mix fixed floating rate debt targeted amounts.\n employ derivatives swaps mix.\n flexibility interest costs rate mix evaluating fixed-rate debt securities.\n swaps convert debt variable rates hedge risk.\n account swaps value hedges short-cut method ineffectiveness consolidated financial statements."
}
{
    "_id": "dd4c14146",
    "title": "",
    "text": "value options exercised.\n difference market paid 2011 2010 2009 $ 96. 5 million $ 29. 6 million $ 4. 7 million.\n proceeds from $ 217. 4 million $ 240. 4 million $ 15. 1 million.\n proceeds exercises cash flows $ 217. 2 million $ 216. 1 million $ 12. 4 million net shares surrendered tax obligations.\n withholding amount based minimum statutory withholding requirement.\n restricted stock unit award activity october 29 2011 changes value per share.\n october 30 2010 $.\n units granted.\n restrictions lapsed.\n units forfeited.\n october 29 2011.\n $ 88. 6 million unrecognized compensation cost unvested share-based awards stock options restricted stock units.\ncost expected recognized over 1. 3 years.\n total value shares vested 2011 2010 2009 $ 49. 6 million $ 67. 7 million $ 74. 4 million.\n since august 2004.\n board authorized repurchase $ 5 billion common stock.\n repurchase outstanding shares open market privately negotiated transactions.\n repurchase program all shares.\n october 29 2011 repurchased 125. 0 million shares $ 4278. 5 million.\n additional $ 721. 5 million repurchase.\n repurchased shares unissued.\n future repurchases dependent factors cash financial performance liquidity.\n repurchases shares employee tax withholding obligations price options equity compensation plans.\n.\n"
}
{
    "_id": "dd4be2862",
    "title": "",
    "text": "expense company.\n 31\n foreign currency losses net $ -1115 $\n income\n $ -1046\n tax tax expense $ 77. 2 million income before taxes $ 322. 5 million 31 2013 effective tax rate 23. 9%.\n 2012 income tax expense $ 90. 1 million income before taxes $ 293. 5 million effective tax rate 30. 7%.\n 2013 joint committee taxation exception tax returns 2009 2010.\n $ 11. million tax benefit recognized 2013 financial results uncertainty refund claims.\n. research development credit expired 2011 tax year.\n 2013.\n congress passed reinstated credit retroactive 2012.\n income tax 2013 $ 2. 3 million reinstated credit.\n decrease effective tax rate due uncertain tax position.\nresearch development credit cash repatriation.\n tax rates 2013 2012 impacted lower tax rates foreign jurisdictions domestic manufacturing deduction tax benefits merger japan subsidiaries.\n 2013 $ 245. 3 million $ 203. 5 million 2012.\n diluted earnings per share $ 2. 58 $ 2. 14.\n weighted average shares 95. 1 million. million.\n"
}
{
    "_id": "dd4b87796",
    "title": "",
    "text": "2013 2012 2011 recognized $ 6. million $. million $ 4. 7 million compensation expense.\n $ 20. 3 million unrecognized compensation cost unvested stock options three years.\n 1999 deferred compensation plan.\n shares granted vesting annually service period performance criteria.\n rates 15% to 35% performance criteria.\n summary restricted stock 2013 2012 2011 charges.\n 2012 2011\n 2804901 2912456 2728290\n granted\n cancelled\n end year 2994197 2804901\n vested 21074\n compensation expense $ 6713155 $ 6930381 $ 17365401\n value restricted stock granted $ 17386949 $ 7023942 21768084\nvalue restricted stock $ 17386949 7023942 21768084 2013 2012 2011 $ 1. 6 million $ 22. 4 million $ 4. 3 million.\n 2013 $ 17. 8 million unrecognized compensation cost 2. 7 years.\n 2011 $ 4. 5 million 4. 1 million $ 3. 4 million capitalized long-term compensation plans stock options.\n granted units fair value $ 27. 1 million $ 8. 5 million 2013 2011.\n value calculated asc 718.\n common stock price.\n uncertainty restrictions.\n december 31 2013 $ 5. million unrecognized compensation expense awards recognized. 5 years.\n $ 27. 3 million $ 12. 6 million $ 8. 5 million.\n2010 notional unit long-term compensation plan december 2009 committee approved sl green realty corp.\n 2010 long-term compensation program.\n incentive compensation award recipients earn $ 15. 0 million to $ 75. 0 million ltip units operating partnership stock price appreciation three years december 1 2009 maximum performance $ 25. 0 million awards earned second year additional $ 25. 0 million third year.\n maximum performance stock price appreciation equal exceed 50%.\n maximum performance second third years 366815 385583 327416 earned plan december 2010 2011 2012.\n 50% units vested december 17 2012 25% december 11 2013 remainder vest january 1 , 2015"
}
{
    "_id": "dd4ba6da8",
    "title": "",
    "text": "systems financial statements accounting uncertainty income taxes 2013 2012 changes unrecognized tax benefits summarized.\n 2012\n balance $ 160468 $ 163607\n increases tax benefits 2013 20244\n 16777 23771\n settlements taxing authorities -55851 -1754\n statute limitations -25387\n foreign exchange gains losses -1474 1474 -807\n balance $ 136098 $ 160468\n november 29 2013 combined accrued interest penalties approximately $ 11. 4 million.\n income tax returns.\n federal.\n jurisdictions.\n continual examination tax authorities.\n major tax jurisdictions. ireland california.\n. earliest fiscal years examination 2005 2006 2010.\n outcomes adjustments.\n no assurance determination operating results financial position.\njuly 2013.\n income tax examination 2008 2009 completed.\n accrued tax interest $ 48. 4 million long-term.\n settled tax obligation cash tax assets $ 41. 2 million $ 7. 2 million tax benefit third quarter 2013.\n timing resolution tax uncertain tax payments audit settlement.\n fluctuations balance sheet.\n months audits conclude statutes limitations expire.\n decreases unrecognized tax benefits $ 0 to $ 5 million.\n.\n reductions workforce consolidation facilities digital media marketing strategies.\n 2013.\n costs closing redundant facilities $ 12. 2 million exited november 29 2013.\n restructuring plans.\n cash outlays settle obligations impact financial statements not significant.\n restructuring plans 2009 restructuring plan fourth quarter costs 2010 operating plan."
}
{
    "_id": "dd4ba5d86",
    "title": "",
    "text": "item 5.\n market common equity issuer purchases table presents quarterly high low share sale prices class common stock new york stock exchange 2005 2004.\n march 31 $ 19. 17\n june 30.\n september 30.\n december 31.\n march 31 $ 13. 9.\n june 30.\n 30.\n december 31.\n march 9 2006 closing price common stock $ 29. 83 per share.\n march 9 2006 419677495 shares 687 registered holders.\n february 2004 shares b converted-for-one conversion event.\n shares c common stock converted.\n august 2005 amended charter eliminate class b c stock.\n equity compensation plans item 12 annual.\n never paid dividend common stock.\nanticipate retain future earnings fund development growth business.\n indentures 7. 50%. senior notes due 2012. 125%. notes. prohibit paying dividends stockholders unless satisfy financial covenants.\n credit facilities indentures debt securities restrict subsidiaries direct distribution dividend payment limited liability company.\n subsidiaries pay cash dividends distributions no default.\n. 25%. senior subordinated notes due 2011. prohibit subsidiaries paying dividends payments distributions unless covenants satisfied.\n indentures. 50%. 125%. contain restrictive covenants prohibit subsidiaries paying dividends payments distributions unless covenants satisfied.\n more information restrictions see note 7 consolidated financial statements annual report section 201cmanagement"
}
{
    "_id": "dd4c23f60",
    "title": "",
    "text": "consolidated financial statements 101% principal amount plus accrued unpaid interest.\n cash proceeds sale $ 983 million net discount issuance costs.\n $ 17 million amortized interest expense.\n august 2010 ppg three-year credit agreement.\n $ 1. 2 billion unsecured revolving credit facility.\n terminated 20ac650 million $ 1 billion revolving credit facilities 2011.\n no outstanding amounts.\n increase credit agreement $ 300 million subject commitments.\n amounts due payable august 5 2013.\n loans bear interest rates margin formulas.\n commitment fee unused. 125%. to. 625%. per annum.\n interest rate fee ratings financial services.\n.\n no amounts outstanding december 31 2011 available borrowing rate one month.\n dollar borrowing 1. 05 percent.\ncredit agreement contains restrictive covenants limitations create liens sale leaseback transactions consolidations mergers transfers of assets.\n requires ratio indebtedness to capitalization 60 percent or less.\n contains events default repayment failure payments covenants change control bankruptcy insolvency.\n.\n operations have uncommitted lines of credit $ 679 million $ 36 million used 31  2011.\n subject to cancellation not subject commitment fees.\n short-term debt outstanding as of 2011 2010 3. 72%.\n. 39%. with restrictive covenants credit agreements loan agreements indentures.\n credit agreements include financial ratio covenant.\n total indebtedness not exceed 60% of capitalization excluding pensions postretirement benefit adjustments.\ndecember 31 2011 indebtedness 43 percent capitalization excluding pensions postretirement benefit adjustments.\n debt agreements contain cross-default provisions.\n default payment $ 10 million.\n debt obligations secured guaranteed affiliates.\n interest payments 2011 2010 2009 totaled $ 212 million $ 189 million $ 201 million.\n october 2009 agreement counterparty repurchase. 2 million shares stock. purchased open market $ 56. 66 per share.\n counterparty held shares until 2010 paid $ 65 million.\n december 2008 repurchase. 5 million.\n 3. 72%. 72 % ). 2011. 39%. 39 % 31 2010\n 101% principal amount plus accrued unpaid interest.\n proceeds sale $ 983 million discount costs.\n $ 17 million amortized to interest expense.\naugust 2010 ppg three-year credit agreement banks agreement.\n $ 1. 2 billion unsecured revolving credit facility.\n terminated 20ac650 million $ 1 billion credit facilities 2011.\n no outstanding amounts due termination.\n increase credit agreement $ 300 million subject commitments.\n amounts due payable august 5 2013.\n loans bear interest rates base rates margin.\n commitment fee unused commitment. 125%. to. 625%. per annum.\n interest rate fee ratings standard poor financial services investor service.\n.\n no amounts outstanding december 31 2011 available borrowing rate one month.\n borrowing 1. 05 percent.\n credit agreement contains restrictive covenants limitations create liens sale leaseback transactions consolidations mergers transfers.\ncredit agreement requires company maintain ratio indebtedness to capitalization 60 percent or less.\n contains events default repayment failure timely payments covenants change control bankruptcy insolvency.\n.\n operations uncommitted lines credit $ 679 million $ 36 million used december 31  2011.\n subject to cancellation not subject commitment fees.\n short-term debt outstanding as december 31 2011 2010 millions 2011 2010 average 3. 72%.\n. 39%. 2010 restrictive covenants credit agreements loan agreements indentures.\n credit agreements include financial ratio covenant.\n total indebtedness not exceed 60% capitalization excluding.\n december 31 2011 indebtedness 43 percent capitalization.\n debt agreements contain cross-default provisions.\n default debt service payment $ 10 million or more default.\ndebt obligations affiliates.\n interest payments 2011 2010 2009 $ 212 million 189 million 201 million.\n october 2009 counterparty repurchase 1. 2 million shares. $ 56. 66 per share.\n counterparty held shares until 2010 paid $ 65 million.\n december 2008 repurchase 1. 5 million"
}
{
    "_id": "dd4b8b15c",
    "title": "",
    "text": "stock performance graph cumulative shareholder return series a b c compared companies 500 stock index peer group cbs news scripps network. time warner. viacom.\n walt disney.\n assumes $ 100 invested september 18 2008 trading s&p 500 index peer group reinvestment dividends september 18 2008 december 31 2009 2010 2011 2012.\n 31.\n $ 102. 53 $ 222. $ 301. 296. 67 459.\n 78. 53 162. 82 225. 217. 327.\n $ 83. 69 165. 75 229. 31 235. $ 365.\n $ 74. 86 92. 42 104. 24 104. 118.\n 68. 79 100. 70 121. 138. 19 $ 190. 58\nequity compensation plan information securities authorized proxy statement 2013 annual meeting 201csecurities 201d incorporated."
}
{
    "_id": "dd4be0972",
    "title": "",
    "text": "jpmorgan chase co. annual report table reflects firm capital line business.\n equity capital.\n billions january december 31 2017 31 2016\n consumer community banking 51.\n corporate investment bank 70. 64.\n commercial banking 20. 16.\n asset wealth management 9.\n 79. 88.\n common stockholders 2019 equity $ 229. 228.\n federal reserve bank companies submit capital plan annual.\n dodd-frank stress test processes sufficient capital economic stress capital assessment planning processes risks losses.\n evaluates capital adequacy capital distributions dividend payments stock repurchases.\n june 28 2017 federal reserve informed firm object 2017 capital plan.\n 2017 results capital actions pages 89-90.\nfirm 2019s ccar process methodologies icaap process.\n semiannually completes icaap impact events on earnings balance sheet positions reserves capital.\n integrates stress testing capital planning.\n assesses impact economic business scenarios earnings capital.\n defined.\n macroeconomic factors global market shocks operational risk events.\n vulnerabilities risks.\n events.\n management considers additional stresses outside.\n results reviewed by management audit committee.\n stock dividends $ 1. 7 billion year december 31 2017.\n issued $ 1. billion fixed- to-floating rate non preferred stock initial dividend rate 4. 625%.\n december 1 redeemed all $. billion. 50%. non-cumulative preferred stock.\n.\n december 18 liquidated.6 billion trust $ 56 million common securities cancelled junior debentures distributed holders.\n redeemed $ 1. 6 billion 2016.\n reflects jpmorgan chase earnings outlook payout capital objectives investment opportunities.\n 2017 increased quarterly dividend $ 0. 56 per share october 31 2017.\n approval quarterly.\n note 20 25."
}
{
    "_id": "dd4ba9b70",
    "title": "",
    "text": "2014 entered $ 3. million promissory note company.\n interest rate 8. 0%. payable quarterly.\n unpaid interest due payable august 26 2017.\n.\n spaces north america asia australia non 2024.\n operating expenses taxes repairs insurance renewal escalation clauses.\n rent expense straight-line.\n 31 payments december.\n 2016\n 2017\n 2018\n 2019\n 2020\n $\n rent expense leases $ 6. 7 million $ 3. 3 million $. 6 million december 31 2015 2014 2013.\n 2012 lease building santa clara headquarters.\n term 120 months commenced august 2013.\nlease agreement involvement construction tenant improvement insurance reimbursable owner building during construction.\n maintain involvement post risks maintenance $ 4. 0 million letter of credit sublease fees higher.\n account for building improvements lease financing obligation.\n december 31 2015 2014 assets $ 53. 4 million total costs building improvements lessor costs financing obligation $ 42. 5 million $ 43. 6 million.\n december 31 2015 $ 1. 3 million $ 41. 2 million short-term long-term financing obligations.\n land lease expense $ 1. 3 million $ 1. 2 million 2015 2014.\n no land lease expense 2013."
}
{
    "_id": "dd4be5256",
    "title": "",
    "text": "entergy corporation subsidiaries massachusetts income taxes third quarter 2008 tax benefit $ 18. 8 million.\n offset taxes entergy power generation redemption payments investment nuclear power marketing income tax expense $ 16. 1 million differences utility plant state income taxes companies entergy arkansas write-offs.\n effective income tax rate 2007 30. 7%.\n reduction federal 35% 35 % tax basis indian point 2 non-qualified decommissioning trust fund tax audit issues 2002-2003 cycle adjustment state income taxes non-utility nuclear new york state income taxes differences equity funds construction amortization investment tax credits.\n offset differences utility plant state income taxes.\n note 3 reconciliation federal rate 35. tax rates.\n entergy capital structure spending plans cash flow activity.\nentergy balanced equity debt.\n decrease debt to capital percentage 2009 equity retained earnings repurchases common stock borrowings.\n increase debt capital additional borrowings.\n debt capital 53. 5%. 5 % 55. 6%. 54 7%. 7 %\n subtracting cash debt 3. 8%. 8 %. 1%. 1 %. 9%. 9 %\n 57. 3%. 3 % 59. 7%. 7 %. 6%. 6"
}
{
    "_id": "dd4bc7db4",
    "title": "",
    "text": "cash flow operating activities reduced property additions.\n non-gaap debt repayment dividend distributions acquisition share repurchases.\n flow metric reconciled gaap measure.\n 2011\n net cash operating activities $ 1758 $ 1595 $ 1008\n additions properties -533 533 -594 -474\n $ 1225 $ 1001 $ 534\n-over-year change 22. 4%. 87. 5%.\n. driven improved performance working capital pringles acquisition capital expenditures.\n net cash 2012 $ 3245 million increase $ 2658 million 2011 $ 2668 acquisition pringles supply chain infrastructure.\n information technology infrastructure.\n $ 587 million 2011 increased $ 122 million 2010.\n additions properties sales decreased to 3. 8%. 2012 from 4. 5%.2011 increase. 8% issued $ 250 million two-year floating-rate.\n notes $ 400 million ten-year. 75%\n dollar notes.\n proceeds corporate purposes repayment $ 750 million 4. 25%.\n notes 2013.\n interest three-month libor 23 points.\n covenants liens sale lease-back transactions change control.\n net cash $ 1317 2012 $ 957 $ 2011 2010.\n increase debt.\n debt $ 7. 9 billion 2012 $ 6. billion 2011.\n interest rate swaps $ 500 million five-year. fixed rate.\n notes 2016 $ 500 million ten-year. 15% % fixed rate.\n 2019 750 seven-year. 45%. % fixed rate.\n 2016.\n floating rate obligations.\n issued $ 350 million three-year. 125%.\n notes $ 400 million five-year.75%.\n 700 million ten-year.\n proceeds debt discount $ 1. 442 billion.\n purposes acquisition pringles.\n issued.\n $ 300 million two-year. fixed rate dollar notes repayment intercompany debt.\n cash pringles.\n repaid $ 750 million five-year. 125%. 125 %.\n.\n interest rate swaps $ 200 million $ 750 million seven-year. 45% 45 % fixed rate.\n.\n floating rate obligation.\n repaid $ 945 million ten-year. 60%\n.\n issued $ 400 million seven-year. 25% % fixed rate.\n proceeds $ 397 million corporate purposes repayment.\n interest rate swaps $ 400 million floating obligation.\n issued $ 500 million five-year. % fixed rate.\n.\n proceeds $ 498 million repayment.\n2012 interest rate swaps converted notes floating obligation.\n approved share repurchase program common stock $ 2. 5 billion.\n replaced $. billion 650 million.\n repurchased 1 million 15 million 21 million shares $ 63 million $ 793 million $ 1. 1 billion.\n december 2012 $ 300 million.\n paid quarterly dividends $ 1. 74 share 2012. 2011. 2010.\n increased. 2012. 2011.\n march 2011 unsecured four- year credit agreement $ 2. billion.\n long-term debt agreements liens sale lease-back transactions.\n control provisions.\n acceleration maturity clauses credit ratings.\n limit access.\n short debt increase cost refinancing long debt.\n four-year credit agreement expires march 2015.\nliquidity unused unsecured plan.\n capital credit markets commercial paper markets instability disruption.\n uncertainty.\n access. european canadian commercial paper markets.\n commercial paper debt credit ratings not affected changes credit.\n monitor financial strength third-party financial institutions.\n compliance covenants december 29 2012.\n meet interest principal repayment obligations maintain debt covenants operational needs bolt-on acquisitions.\n strong cash flow short- term borrowings maintenance credit facilities."
}
{
    "_id": "dd4970d36",
    "title": "",
    "text": ".\n commitments company involved in lawsuits arbitrations dispute resolution procedures outcomes determine rights obligations insurance reinsurance agreements.\n rights collect funds.\n attempts collect funds rights.\n disputes resolved through informal means negotiated resolution arbitration litigation.\n believes positions legally commercially reasonable.\n considers reserves for unpaid loss adjustment expenses.\n not party other litigation arbitration.\n separate annuity agreements prudential insurance america unaffiliated life insurance company purchased contracts.\n contingently liable if unable make payments.\n estimated cost to replace annuities.\n december 31 2017 31 2016\n prudential insurance company $ 144618 $ 146507\n unaffiliated life insurance company 34444 33860\n.\ncompensation plans 2010 stock incentive plan 2009 non-employee director stock option plan 2003 non-employee director equity compensation plan.\n 2010 4000000 shares non options incentive options appreciation rights restricted awards performance awards officers key employees.\n 31 2553473 remaining shares 2010.\n replaced no further awards.\n non-qualified share options restricted share awards performance awards.\n 2009 37439 shares options awards non-employee directors.\n 34957 remaining shares 2009.\n replaced 1995.\n 2003 plan 500000 shares authorized share options awards non-employee directors.\n 346714 remaining shares 2003."
}
{
    "_id": "dd4be493c",
    "title": "",
    "text": "consolidated financial statements jpmorgan chase & co.\n.\n 2007 annual report expected loss modeling 2006 firm restructured four multi-seller conduits.\n 2019s expected loss model.\n determining primary beneficiary uses monte carlo model expected losses considers rights obligations variable interest holders.\n variability design entity.\n traditional-seller conduits pass credit risk not liquidity risk interest holders assets held longer term.\n firm required run monte carlo-based expected loss model reconsideration event.\n affect primary beneficiary new deals changes usage modifications asset purchase agreements sales interests beneficiary.\n firm run monte carlo-based expected loss model.\n runs loss model each quarter includes growth assumption each conduit.\n quarterly reassesses assumptions inputs loss model.\nsecond half 2007 assumptions model adjusted current market conditions.\n risk ratings loss default assumptions residential subprime mortgage exposures modified.\n nonmortgage classes determined assumptions little adjustment.\n fourth quarter 2007 terms elns renegotiated commit ment funded amounts.\n expected loss notes december 31 2007 2006 $ 130 million $ 54 million.\n concluded model assumptions reflective market probability recurrence market events.\n multi-seller conduits efficient commercial paper market.\n disperse risk preponderance economic risk not held jpmorgan chase.\n assets client-related 99% 98% total holdings december 31 2007 2006.\n firm consolidate primary beneficiary.\n factors.\n impact assets liabilities net income 1 capital ratio leverage ratio multi-seller conduits.\n december 31 2007.\nbillions ratios\n assets $ 1562. $ 1623.\n liabilities 1438. 1500.\n net income 15. 4 15. 2\n tier 1 capital ratio 8. 4% 8. 4 %.\n 1 leverage ratio 6. 5. 8\n firm fund purchases.\n creates structures transactions derivative structures.\n liquidity support.\n risks derivative instruments.\n principal municipal bond vehicles credit-linked note vehicles collateralized debt obligation vehicles.\n secondary market trusts tax-exempt investments rates.\n pur chases fixed-rate municipal bonds funds purchase putable floating- rate certificates inverse floating-rate residual interests.\n maturity equal life vehicle municipal bonds longer.\nholders floating-rate certificates remarketing agent.\n liquidity facility obligates provider fund purchase tendered certificates.\n termination sale municipal bonds liquidity excess collateralization or residual interest holders reimbursement.\n third-party holders experience losses if exceeds market value municipal bonds.\n certain vehicles require smaller initial invest ment excess collateralization.\n reimbursement"
}
{
    "_id": "dd4bd7926",
    "title": "",
    "text": "31 98 company receivables sales agreement debt notes 6 12 consolidated financial statements 8.\n liquidity cash payments long-term debt rental payments leases purchase obligations december 31 2006 summarized table.\n payments less 1-3 years 3-5 5\n long-term debt $ 2301. 38. 278. 972. 1011.\n capital lease obligations 7.\n interest payments long-term debt 826. 259. 204 223\n operating leases 185. 45\n purchase obligations 7450. 2682. 3169. 1524.\n payments contractual obligations $ 10772. 2907. 3768. 2741. 1355.\n 10772. amounts local currencies translated year-end exchange rates.\n variable rate facilities based interest rates.\ncompany 2019s purchase obligations include aluminum steel plastic resin.\n natural gas electricity aerospace items.\n.\n early payments vary.\n pension plans $ 69. 1 million 2007.\n.\n payments $ 62. 6 million $ 65. 68. 73. $ 75. 1 million 2007 2011 $ 436. 7 million 2012 2016.\n payments unfunded german plans $ 24. 6 million 25. 26. million 2007 2011 $ 136. 6 million.\n reduced share repurchase program 2006 $ 45. 7 million 358. 2005 2004.\n repurchase 1200000 shares.\n $ 51. 9 million.\n repurchase $ 175 million reduce debt $ 125 million.\n dividends 40 cents 35 2004.\n $ 41 million 2006 $ 42. 5 million 2005 $ 38.million."
}
{
    "_id": "dd4beee14",
    "title": "",
    "text": "eog resources.\n undeveloped reserves.\n changes reserves 2018 2017 2016.\n balance january 1 1162635 1053027 1045640\n extensions discoveries 490725 237378 138101\n revisions -8244\n acquisition 2014\n sale reserves -8253 -45917\n conversion reserves -265718 -152644 -149210\n balance december 31 1379709 1162635 1053027\n twelve-month puds increased 217 1380 mmboe.\n added 31 mmboe drilling.\n added 460 mmboe.\n permian basin anadarko basin eagle ford rocky mountain 80% additions crude oil condensate.\n drilled transferred 266 mmboe puds reserves capital cost $ 2745 million.\n scheduled completion within five years.\n twelve-month period 2017 puds increased 110 to 1163.\n eog added 38 drilling expenditures remained completion.\n added 199.\n additions permian basin eagle ford rocky mountain area 74% additions crude oil condensate.\n drilled transferred 153 reserves capital cost $ 1440 million.\n revisions positive 33 due updated curves improved performance crude oil natural gas prices lower costs.\n sold exchanged 8 permian basin.\n twelve-month period 2016 puds increased 7 to 1053.\n added 21 expenditures completion.\n 117.\n additions permian basin rocky mountain area 82% additions crude oil condensate.\n drilled transferred 149 reserves capital cost $ 1230 million.\npuds 64 mmboe improved well performance delaware basin lower production costs offset crude oil natural gas prices.\n eog sold 46 mmboe haynesville."
}
{
    "_id": "dd4bcdcaa",
    "title": "",
    "text": "fidelity national information services.\n subsidiaries consolidated financial statements summarizes aggregate maturities debt capital leases excluding unamortized non-cash bond premiums discounts $ 30 million december 31 2017 millions.\n 2018 1045\n 2019 44\n 2020 1157\n 2021 1546\n 2022 705\n 4349\n principal payments 8846\n debt issuance costs amortization -53\n long-term debt $ 8793\n no mandatory principal payments revolving loan balance due payable maturity date august 10  2021.\n redeem 2018 2020 2021 2022 2023 2024 2025 2026 2046 redemption price 100% principal amount make-whole amount accrued unpaid interest redemption no make-whole amount paid redemptions 2020 2021 six.\nissuance costs $ 53 million amortization capitalized december 31 2017.\n monitor financial stability counterparties.\n lender commitments revolving loan diversified financial institutions.\n failure lender impact operations.\n 2019s long-term debt $ 156 million higher carrying value december 31 2017.\n based quoted prices senior notes trades debt level.\n subjective involves uncertainties market.\n values not indicative."
}
{
    "_id": "dd4bb7018",
    "title": "",
    "text": "inc.\n financial statements 2014 future minimum lease payments leases.\n fiscal years\n 24 2005 4848\n 30 2006 4672\n 29 2007 3680\n 27 2008 3237\n 26 2009 3158\n 40764\n not reduced sublease rentals $ 165 $ 60359\n subleases bedford facility rental income $ 277 $ 410 $ years 2004 2003 2002 offset rent expense.\n expense sublease $ 4660 $ 4963 $ 2462 2004 2003 2002.\n.\n reports information.\n.\n evaluation chief operating decision maker.\n decision-maker.\n executive officer.\n four principal operating segments manufacture sale mammography osteoporosis assessment digital detectors.\n software application 2003 assets segments inventories intangible assets property equipment.\n other assets corporate assets.\n.\nsales transfers."
}
{
    "_id": "dd4b8bd14",
    "title": "",
    "text": "altria release tuesday february 27 2018 10:00pm percentages operating companies income loss segment.\n 2017 2016 2015\n smokeable products 85. 8%. 86. 2%. 4%.\n smokeless products 13. 2\n wine.\n other. 5. -1. 1. -2\n 100. 0%.\n comparability income note 15.\n business operating results segment 7.\n management financial condition results operations annual report form 10-k.\n tobacco altria group. operating companies pm usa usstc subsidiaries ust middleton nu mark nat sherman.\n distribution.\n. smokeable tobacco products cigarettes pm usa nat sherman machine- made large cigars pipe tobacco middleton smokeless tobacco usstc innovative tobacco products e-vapor nu mark.\n cigarettes pm usa largest company.\n marlboro-selling 40 years.\n nat sherman sells super premium cigarettes.\n shipment volume 116. 6 billion units 2017 decrease 5. 1%. middleton manufacture machine-made large cigars pipe tobacco.\n contracts third-party importer sells.\n black mild principal brand.\n sources cigars third-party sells.\n shipment volume 1. 5 billion units 2017 increase 9. 9%. 2016.\n tobacco usstc leading producer marketer smokeless tobacco.\n.\n manufactured sold.\n shipment volume 841. 3 million units 2017 decrease 1. 4%. 2016.\n tobacco nu mark e-vapor developed products.\n production overseas contract manufacturing.\n 2013 introduced e-vapor products.\n2014 nu mark acquired e-vapor business green smoke.\n selling-vapor 2009.\n 2017 altria group. purchased intellectual property tobacco products.\n december 2013. agreements philip morris international.\n. exclusive license sell e-vapor products outside states. sell two heated tobacco platforms.\n july 2015.\n strategic framework joint research development technology-sharing agreement.\n. e-vapor products states.\n technology licenses technical information sharing cooperation scientific assessment regulatory engagement approval e-vapor.\n fourth quarter 2016 pmi submitted risk tobacco product application heated tobacco product united states food drug administration pre-market tobacco application first quarter 2017.\n authorization group. exclusive license sell tobacco product united.\ndistribution competition raw materials altria group. subsidiaries sell wholesalers armed services.\n market tobacco competitive brand recognition loyalty quality taste price innovation marketing packaging distribution.\n promotional activities incentive price product coupons discounts."
}
{
    "_id": "dd4bb4da4",
    "title": "",
    "text": "facility agreement american water awcc guarantee payment obligations.\n company acquired additional revolving line credit.\n commitment $ 16 million $ 2 million outstanding december 31 2015.\n table summarizes credit facility commitments sub-limits funds outstanding commercial paper borrowings 2015 2014 borrowing.\n.\n.\n.\n.\n 1266 $ 1182 $ 150 626.\n.\n.\n.\n.\n weighted-average interest rate awcc short-term borrowings 2015 2014 0. 49%. 49 %. 31%. 31 %.\n line annum 2. 75%. 75 % month libor.\n table percentage capitalization december 31.\n common stockholders' equity 43. 5%. 5 %. 2%. 2 %. 6%. 6 %\n long-term debt stock redemption 50. 6%. 6 %. 1%. 1 %.3% 49. 3 %\n short-term long-term 5. 9%. 9 %. 7%. 7 % ) 6. 1%. 1 % )\n 100% 100\n changes capital structure commercial paper balances.\n debt covenants financial non-financial covenants.\n default pay dividends issue debt access revolving credit.\n unaudited financial information subsidiary level non-compliance reporting requirements $ 8 million outstanding debt.\n.\n long-term debt indentures covenants limit issuing debt secured assets.\n failure accelerate repayment obligations.\n ratio consolidated debt capitalization not. 70 to 1.\n december 31 2015 ratio. 56 to 1. compliance."
}
{
    "_id": "dd4972a1e",
    "title": "",
    "text": "year 30 2014 cash $ 1638. plant equipment.\n 2013 $ 1697. acquisitions.\n year 30 2012 $ 2435. plant equipment acquisitions investments unconsolidated affiliates.\n capital expenditures section.\n.\n 2013\n additions plant equipment $ 1684. $ 1524. $ 1521.\n acquisitions cash 2014 224. 863.\n investments unconsolidated affiliates -2. 175.\n expenditures $ 1682. $ 1747. $ 2559.\n lease expenditures 202. 234. 212.\n purchase noncontrolling interests. 14.\n expenditures non-gaap basis $ 1885. $ 1996. $ 2778.\n non-gaap measure expenditures facilities capital leases purchases noncontrolling interests.\n contracts leases qualifies capital lease.\npayment for subsidiary shares equity transaction reflected financing in cash flows.\n non-gaap measure.\n capital expenditures 2014 totaled $ 1682. $ 1747. 2013.\n decrease $ 65. due to acquisitions 2013.\n additions plant equipment merchant gases tonnage gases businesses.\n distribution equipment facility improvements.\n 2014 2013 oxygen coal gasification hydrogen renewable energy.\n 2013 three acquisitions $ 224.\n acquired air separation unit gases liquefier guiyang.\n acquired epco.\n producer liquid carbon dioxide.\n controlling stake in indura.\n for $ 690.\n. 50% interest $ 147.\n purchased 25% equity interest in abdullah hashim industrial gases equipment.\n.\n for $ 155.\n note 5 7.\nexpenditures non-gaap 2014 $ 1885. $ 1996. 2013.\n lease expenditures $ 202. decreased $ 32. lower spending.\n expenditures new plant equipment $ 1650 $ 1800 non-gaap $ 1700 $ 1900.\n leases $ 50 $ 100.\n majority new plants.\n funded cash operations.\n evaluate acquisition opportunities equity affiliates.\n 2014 cash $ 504. dividends $ 627. offset stock option exercises $ 141.\n borrowings cash $ 1. $ 148. commercial short-term debt"
}
{
    "_id": "dd4c417e0",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014 unused tower space broadcast towers rights.\n tv azteca retains title responsible operation maintenance.\n entitled 100% revenues leases responsible operating expenses.\n economic rights agreement seventy years tv azteca purchase rights last fifty years.\n rights repay loan.\n obligation pay tv azteca $ 1. 5 million annually reduced.\n annual payment $ 1. 5 million capital lease liability $ 18. 6 million.\n lease asset discount $ 30. 2 million cost economic rights amortized seventy-year.\n assesses recoverability note receivable.\n no adjustment value.\n former executive officer director tv 1999 2006.\n long-term notes receivable $ 4. 3 million $ 11. 0 million.\n.\ncompany enters interest rate protection agreements variable rate debt cash flows forecasted interest payments.\n exposed credit risk counterparty terms.\n exposure limited current value.\n believes contracts 2007 2006 credit worthy institutions.\n carrying amounts financial instruments estimated fair values assets notes receivable long assets balance sheet december 31 2007 amount interest rate term carrying amount fair value.\n interest rate swap agreement $ 150000 3. 95%. expiring 2009 $ -369\n 100000 4. 08%. expiring 2010 -571\n $ 250000 $ -940"
}
{
    "_id": "dd49818fc",
    "title": "",
    "text": "entergy texas.\n fuel power expenses increased power purchases agreements average market prices offset deferred fuel expense recovery.\n regulatory charges $ 6. million recovery bond expenses securitization bonds.\n recovery effective july 2007.\n note 5 financial statements.\n 2007 2006 net revenue fuel-related expenses gas power expenses regulatory charges.\n analysis change net revenue 2007 2006.\n.\n 2006 net revenue $ 403.\n power capacity.\n securitization transition charge.\n.\n transmission revenue.\n base revenue.\n.\n 2007 net revenue $ 442.\n purchased power capacity variance due costs.\n securitization transition charge variance due issuance bonds.\n june 2007 egsrf-owned texas issued securitization bonds right recover charge.\nnote 5 financial statements securitization bond.\n volume/weather variance increased electricity usage retail weather 2007.\n unbilled sales.\n electricity increased 139 gwh sectors.\n accounting estimates note 1 unbilled revenues.\n transmission revenue variance 2007 customers 2006.\n base revenue transition competition march 2006.\n note 2 rate increase.\n revenues expenses $ 179 million fuel rates refunds.\n offset $ 39 million increase net revenue $ 44 million wholesale revenues 30 million equalization.\n"
}
{
    "_id": "dd4b995e0",
    "title": "",
    "text": "devon energy corporation subsidiaries financial statements 2014 reserves table changes reserves 2011.\n.\n reserves december 31 2010 411 831\n extensions discoveries\n revisions due prices -2\n other price -56\n conversion reserves -68 -62 -130\n reserves december 31 2011 403 379 782\n devon 782 reserves.\n 6% 6 % decrease 2010 26% 26 % reserves.\n drilling activities increased reserves 148 conversion 130 16% 16 % 2010 reserves developed reserves.\n revisions other price decreased 51 evaluation.\n onshore dry-gas areas five.\n largest revisions-gas areas carthage east texas barnett shale north texas.\n reserves jackfish operations.\n reserves 367 396.\nschedules jackfish reserves controlled by processing plants 35000 barrel capacity.\n steam capacity-oil ratios air quality.\n reserves undeveloped five years.\n development schedule extends 2025.\n 2011 2014reserves decreased 21 mmboe lower gas higher oil prices.\n royalty burden reserves.\n 2010 2014reserves increased 72 mmboe prices higher oil prices.\n.\n 43 barnett shale 22 rocky mountain area.\n 2009 2014reserves increased 177 mmboe higher oil prices lower gas prices.\n.\n 2008 331 reserves not proved.\n higher prices proved december 31 2009.\n lower gas prices reserves 116 mmboe.\n.\n dry gas regions.\n drilling development barnett shale."
}
{
    "_id": "dd4baa548",
    "title": "",
    "text": "management financial condition results operations 2013 corporate expenses increased $ 3. $ 140. 2012 salaries expenses higher base salaries benefits temporary help lower expenses office general expenses.\n liquidity capital resources financial data liquidity capital resources.\n 2014 2013 2012\n net income adjusted operating $ 831. $ 598. $ 697.\n working capital -131. 131. -293. 293.\n non-current assets liabilities -30. 6. 4. -46.\n operating activities $ 669. $ 592. $ 357.\n investing -200. -224. 224. -210.\n financing -343. 343. 131.\n net income depreciation amortization intangible restricted stock non compensation loss early extinguishment debt deferred income taxes.\nreflects changes accounts receivable expenditures billable assets accounts payable accrued liabilities.\n operating activities cash 2014 $ 669. improvement $ 76. 2013 increase net income offset working capital usage $ 121.\n generate second use first largest impacts first fourth quarters.\n capital usage impacted by media businesses.\n $ 592. increase $ 235. 2012 improvement working capital usage $ 283. offset decrease net income.\n impacted media businesses management.\n timing media buying affects cash.\n agencies pay production media costs.\n.\n revenues affect accounts receivable expenditures billable accounts payable accrued liabilities.\n assets include cash accounts receivable liabilities.\n affected timing payments.\n annual cash incentive awards paid first quarter.\n activities cash capital expenditures acquisitions.\n $ 148.leasehold improvements.\n $ 67. acquisitions 2014 cash."
}
{
    "_id": "dd4c03562",
    "title": "",
    "text": "issued warranties equipment sales.\n contracts terms warranty indemnification intellectual property rights.\n future costs not material financial statements.\n financial condition liquidity results.\n future payments.\n 2017 $ 942\n 2018 525\n 2019 307\n 2020 298\n 2021 276\n 2983\n $ 5331\n $ 4000 obligations helium purchases crude feedstock supply helium refining plants refined helium purchases.\n agreements medium- to long-term take-or-pay provisions.\n refined helium distributed globally sold merchant gas medium-term.\n rare gas unique physical chemical properties.\n $ 330 long-term obligations feedstock supply hyco facilities.\n related natural gas.\n long-term take-or-pay sales contracts matched feedstock supply obligations recovery price increases.\nlong-term feedstock obligations sales contracts financial.\n include product electric power natural gas pass-through.\n commitments $ 350 additional plant equipment.\n commitments $ 500 long-term equipment saudi aramco jazan oil refinery.\n.\n 300 million shares par value $ 1 per share.\n 30 2016 249 million shares issued 217 million outstanding.\n 2011 authorized repurchase $ 1000 stock.\n securities exchange act 1934.\n outstanding shares 2016.\n $ 485. 3 share repurchase authorization remains."
}
{
    "_id": "dd4b9452c",
    "title": "",
    "text": "entergy corporation subsidiaries 2006 power prices drop ppa prices.\n table report power plant sold after 2005.\n ppas nypa indian point 3 fitzpatrick produce average capacity 85% true-up payment nypa higher.\n two two-year periods.\n first period indian point 3 fitzpatrick operated 95% 95 97% 97.\n credits 5% above 85% offset output shortfalls second period december 31 2004.\n entergy monitors industry trends asset impairments losses power records provisions impairments losses.\n energy commodity services exposed commodity price market risks 50%-owned investment entergy-koch.\n value-at-risk models risk.\n future gains losses differ fluctuations market rates operating exposures changes derivative instruments.\nportfolio ekt enters derivative transactions approved trading committee entergy-koch.\n portfolio natural gas power energy weather-related contracts.\n futures forwards swaps options.\n value-at-risk method stress testing position reporting profit loss reporting risk portfolios.\n estimates value-at-risk.\n risk metrics methodology monte carlo simulation approach.\n daily value-at-risk 97. 5%. confidence level.\n prices against positions loss exceed calculated value-at-risk.\n daily value-at-risk dollar amount approved trading committee.\n-risk daily earnings risk.\n end period $ 15. 2 million $ 5. million\n average $ 10. 8 million $ 6. 4 million\n increased 2002 size position volatility natural gas prices.\nderivative transactions ekt exposed losses nonperformance.\n considerations risk"
}
{
    "_id": "dd4bed3b6",
    "title": "",
    "text": "scrap metal third-parties divested closed 2014 global products.\n intersegment sales improved 12% 2014 due average price higher regional premiums higher demand midstream downstream businesses.\n primary metals decreased $ 439 2015 lower aluminum price lower energy sales higher energy costs spain curtailment smelter.\n offset foreign currency movements stronger.\n dollar productivity improvements write-off inventory closure portovesme massena east smelters lower equity loss joint venture saudi arabia restart costs.\n atoi climbed $ 614 2014 higher aluminum price energy sales brazil productivity improvements currency stronger.\n lower costs carbon alumina maintenance outage 2013 power plant australia.\n offset unfavorable 2013 2014 capacity reductions write inventory higher energy costs labor maintenance.\n2016 aluminum production 450 kmt lower third-party sales absence $ 400 2015 curtailment closure.\n energy sales brazil impacted decline prices net productivity improvements anticipated.\n.\n 2014 2013\n third-party aluminum shipments kmt 1775 1964 1905\n alcoa average price metric ton aluminum $ 3514 $ 3743\n third-party sales $ 6238 $ 7351 $ 7106\n intersegment sales 125\n total sales $ 6363 $ 7536 $ 7284\n $ 244 $ 245 $ 292\n price ton price metal conversion price aluminum.\n metal price.\n produces aluminum sheet plate end markets.\n one-half third-party shipments.\n seasonal increases can sheet sales second third quarters.\nsegment includes sheet plate sold distributors aerospace automotive commercial transportation building construction industrial products.\n small produces aseptic foil packaging.\n base large sheet plate small.\n sales costs expenses transacted local currency.\n dollar euro russian ruble brazilian real british pound."
}
{
    "_id": "dd4bb1762",
    "title": "",
    "text": "senior unsecured debt ratings.\n facilities require minimum net worth coverage ratio.\n december 31 2006.\n facilities financial restrictions credit rating triggers collateral.\n $ 150 million uncommitted lines credit $ 75 million march 75 million may 2007.\n.\n equivalent credit five-year facilities.\n dividend restrictions cash dividends minimum net worth.\n retained earnings $ 7. 8 billion $ 6. 2 billion 2006 2005.\n restrictions financial condition liquidity.\n declared dividends $ 323 million 2006 $ 316 million 2005.\n issue debt securities preferred stock common stock warrants.\n december 31 2006 $ 500 million remaining issuance.\n no immediate plans issue replace debt access capital.\n.\n locomotives freight cars property.\nminimum lease payments capital leases non terms 31 2006 millions.\n 2007 $ 624 180\n 2008\n 2009\n 2010\n 2011 419\n 2914 1090\n lease payments $ 5457 $ 1916\n interest\n $ 1236\n rent expense leases month $ 798 million 2006 $ 728 million 2005 651 million 2004.\n variable rental expense term.\n rentals sub-rentals."
}
{
    "_id": "dd4b98d7a",
    "title": "",
    "text": "results operations financial condition liquidity unasserted claims estimated recorded liability.\n lawsuits claims environmental costs commitments contingent liabilities guarantees effect financial condition liquidity liabilities.\n cost charged cost incidents.\n third-party actuaries expense liability.\n compensation work-related accidents governed federal employers 2019 liability act.\n damages assessed fault out-of-court settlements.\n personal injury liability activity millions 2006 2005 2004.\n beginning balance $ 619 $ 639\n accruals\n payments\n balance $ 631 619\n $ 233 274\n injury liability discounted present value.\n treasury rates.\n 87% liability asserted 13% unasserted claims.\n accruals higher 2004 1998 crossing accident verdict derailment.\n2013 defendant lawsuits employees allege exposure asbestos.\n received claims asbestos not litigated.\n allege occupational illness exposure asbestos products.\n claimants medical evidence physical impairment.\n claims specify damages.\n 2004 engaged third party estimating resolution costs asbestos claims through 2034.\n increased liability 2004 asbestos claims.\n assumptions future claims consistent historical averages.\n claims filed decline.\n average settlement values equivalent historical averages.\n percentage claims dismissed equivalent historical averages."
}
{
    "_id": "dd496e0d6",
    "title": "",
    "text": "table presents trading activities measured methodology value-at-risk.\n years ended december 31 inmillions 2008 annual average maximum minimum\n foreign exchange products $ 1. 8 $ 4. 7.\n interest-rate products 1. 2\n back-test estimated one-day var daily.\n trading positions modeled.\n years ended december 31 2008 2007 trading losses end-of-day estimate.\n asset liability management activities objective sustainable net interest revenue protecting from interest rates.\n earned from deposits investment servicing businesses.\n balance sheet assets manage interest-rate risk market conditions internally-approved guidelines.\n maintained policies approved board guidelines.\n global treasury group day-to-day interest-rate risk.\nconsolidated balance sheet global treasury limited interest-rate risk market conditions views long-term.\n manages exposure interest rates three regional treasury units north america asia/pacific impact risk.\n investment activities derivative financial instruments primary tools interest-rate risk.\n financial instruments currency repricing maturity characteristics risk.\n use derivatives interest-rate swaps alter interest-rate characteristics assets liabilities.\n subject alco-approved guidelines.\n information note 17.\n growth non.\n operations.\n dollar denominated customer liabilities significant balance sheet.\n results changes.\n yield curves interest-rate risk management.\n quantitative measures future exposures impact net interest revenue balance sheet values.\n net interest revenue simulation primary tool results.\n market valuation duration analysis assess changes economic value balance sheet assets liabilities changes interest rates.\ngap analysis difference sheet assets liabilities re-pricing interest-rate risk."
}
{
    "_id": "dd49732c0",
    "title": "",
    "text": ".\n table operating profit margin cost products sold.\n years december 31 2003 losses foreign exchange hedge contracts increased 2002 2001.\n reported operating profit percent net sales 47. 1 percent asia pacific.\n december 2003 2002\n 51. 2%. 2 % 48. 3%. 3 % 47. 4%. 4 %\n 26. 24. 4 19.\n pacific 45. 46.\n profit americas net sales increased to 48. 3 percent in 2002 from 47. 4 percent improved gross profit margins higher selling prices increased lower selling expenses lower costs.\n selling prices sales.\n strategic margin products leveraged operating expenses change accounting principle medical education programs new product launches.\n.\n pacific increased. 46. 1 percent 2002 from 45. 4 percent.\n 2001.\nincrease reflects lower selling prices 4 percent 2003 administrative expenses sales volume 15 percent increase sales force dealer reorganization lower gross profit margins lower yen profit.\n reconstructive implant gains 2001.\n sales trauma orthopaedic margins increased 24. 4 percent 2002 19. 5 percent 2001 reconstructive improved.\n 2003 reconstructive implant sales growth 22 percent operating expenses improved efficiency 19 percent.\n. 4 percent fewer placements less expense.\n.\n operating profit liquidity capital resources increased improved profit margins $ 494. 8 million higher prices 2003 $ 220. 2 million 2002.\n cash net earnings accounting principle $ 291. 2 million.\n.\n increased operating profit amortization expense $ 103. million inventory. 4 percentage points.\n increases standalone-up $ 42.centerpulse research selling prices 2 percent 2003 development write-offs $ 11. million.\n working capital 19 percent increase 2003 $ 20. million improved operating profit.\n tax loss carryforwards $ 80. 4 million cash flow.\n expenses.\n working capital key management focus.\n profit net sales december 31 2003 62 days sales. 7 percent.\n pacific 10 days.\n centerpulse net sales decreased favorable rates hedge contracts european revenue increased payment terms.\n operating expenses.\n 2003 232 days inventory 247 2002.\n.\n improved inventory selling prices 1 percent acquired dental spinal businesses volume mix improvements 4 percent 2003 fewer days inventory.\n offset"
}
{
    "_id": "dd4ba299c",
    "title": "",
    "text": "2009 acquired land parcel clara brazil venture 70% 3. million brazilian reals $ 1. 5 million.\n 48000 square foot retail shopping center.\n acquired land san luis potosi mexico noncontrolling purchase price $ 0. 8 million.\n equity mexican investments $ 7. $ 17. million $ 5. 2 million 2009 2008 2007.\n.\n revenues mexican subsidiaries $ 23. 4 million $ 20. million $ 8. 5 million.\n brazilian $ 1. 5 million $. million.\n chilean less than $ 100000.\n financing five borrowers $ 8. 3 million.\n received $ 40. 4 million paid balance four mortgage receivables.\n 37 loans $ 178. 9 million $ 131. 3 million funded.\ncompany 2019s revolving credit facilities commitments.\n note 10 annual report. asset impairments management assesses indicators property performance market conditions assets impaired.\n value adjusted estimated fair value.\n 2009 economic conditions declines real estate equity markets.\n increases capitalization rates discount rates vacancies deterioration real estate market fundamentals impacted operating income leasing.\n recognized non-cash impairment charges 2009 $ 175. 1 million income tax benefit $ 22. 5 million noncontrolling interests $ 1. 2 million.\n.\n impairment property values 50.\n real estate development.\n.\n marketable securities.\n real estate joint ventures.\n total impairment charges $ 175.\n notes 2 6 8 9 10 11."
}
{
    "_id": "dd4bdd420",
    "title": "",
    "text": "goodwill assigned reporting segments acquisition.\n evaluate impairment fair value carrying value.\n market approach income approach future cash flows.\n consider revenue operating costs factors.\n amortize intangible assets finite over estimated useful lives review for impairment.\n monitor events-lived.\n assess recoverability future cash flows.\n less than carrying amount recognize impairment loss excess carrying amount over fair value.\n intangible asset impairment charges 2012 2011 2010.\n assets amortized over estimated useful lives 1 to 13 years.\n amortization economic benefits.\n weighted average useful lives.\n purchased technology\n customer contracts relationships\n trademarks\n acquired rights technology\n localization\ndevelopment costs capitalization begins technological feasibility completion prototype no critical bugs release candidate.\n amortization begins software ready use economic benefits.\n costs between prototype availability.\n internal software capitalize costs customized systems development stage.\n include costs payroll expenses employees.\n capitalization begins preliminary project stage ceases complete ready.\n asset liability method accounting.\n expense recognized payable current year.\n deferred tax assets liabilities recognized future tax consequences differences financial reporting tax operating losses tax credit carryforwards.\n valuation allowance reduce deferred tax assets realization likely.\n systems consolidated financial statements"
}
{
    "_id": "dd4c34dec",
    "title": "",
    "text": "management receivables quarterly adequacy allowances trends credit impairment.\n receivable impaired amounts.\n inability reserve recorded against receivable.\n allowances accounts maintained adjustments credit losses charged earnings uncollectable charged against allowances recovered charged-off accounts increase allowances.\n charge-offs include losses charged-off interest fees.\n recovered interest fees recorded.\n finance receivables assessed charge off 120 days past due charged-off within 60 days asset repossession.\n contract receivables equipment leases-off 150 days past due franchise finance van leases 180 days asset return.\n customer bankruptcies charged-off debt 180 days past due.\n snap-on trade accounts finance contract receivables credit risk diversified portfolio.\n note 3 information receivables allowances accounts.\naccrued liabilities balance sheet 2012 2011 amounts millions.\n income taxes $ 19. $ 11.\n restructuring.\n warranty 18.\n deferred subscription revenue 24.\n property payroll tax 32. 30.\n selling promotion expense 26. 29.\n 117. 132.\n accrued liabilities $ 247. $ 255.\n inventories snap-on values inventory cost adjusts excess obsolete unmarketable.\n records allowances excess obsolete inventory future demand market conditions.\n allowances raw materials age physical inspection.\n reviews product stock-keeping units product category life cycle.\n cost adjustments historical experience forecasted sales promotions technological obsolescence inventory age conditions.\n adjustments.\n adopted 201d inventory valuation method 1973.\n.\n.\ninventories lifo purchased manufactured company.\n manufacturing facilities hand tools storage.\n snap-on businesses retained-out inventory valuation methodology predecessor adopt lifo new acquisitions.\n note 4 information inventories.\n snap-on"
}
{
    "_id": "dd4b8b29c",
    "title": "",
    "text": "flows activities fluctuate pension decisions tax timing.\n 2007 2006 company contributions $ 200 million.\n pension plan 2005 $ 500 million.\n 2007 cash flows increased $ 436 million net income $ 245 million.\n gain sale pre-tax gain subtracted cash flows.\n sale taxes paid.\n cash flows 2007 penalized tax payments $ 630 million sale pharmaceuticals.\n non-pharmaceutical cash tax payments $ 475 million lower 2006 differences tax.\n receivable inventory increases reduced cash flows 2007 less 2006 year-on-year benefit $ 323 million.\n restructuring actions.\n 2006 cash flows decreased $ 365 million.\n due $ 600 million tax payments 2006.\n payments repatriation $ 1. 7 billion foreign earnings american jobs creation act 2004.\ncategory-net reflects changes asset liability accounts liabilities december 31 2006 3m 2019s restructuring actions.\n cash flows investing activities years december 31.\n millions 2007 2006 2005\n purchases property plant equipment $ -1422 $ -1168 $ -943 (\n proceeds sale\n acquisitions -539 -888 -1293\n proceeds sale businesses\n purchases proceeds sale securities investments -406 -662 -46\n cash investing activities $ -1367 ( 1367 $ -1460 -2241\n investments property plant equipment growth manufacturing efficiency.\n 2007 plants opened expanded internationally.\n facilities korea poland russia canada investments india mexico.\n 3m expanded manufacturing u. industrial adhesives/tapes optical.\n 3m exited facilities streamlined supply chains equipment.\n streamlining.\n.\n capital expenditures $ 1. 422 billion 2007 increase $ 254 million 2006.\n expects $ 1. 3 billion to $ 1. 4 billion 2008.\n.\n note 2 2007 2006 2005 acquisitions.\n.\n considering additional acquisitions alliances divest businesses.\n purchases asset-backed agency corporate auction rate available-for-sale.\n 9 diversified securities portfolio $ 1. 059 billion december 31 2007.\n purchases $ 429 million 2007 $ 637 million 2006.\n purchases 2005 19% ti&m beteiligungsgesellschaft"
}
{
    "_id": "dd4c4b268",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 19.\n commitments contingencies litigation company involved claims lawsuits proceedings incidental business.\n no matters pending impact financial position results operations liquidity.\n tristar litigation lawsuits tristar investors affiliates single tower sites tristar land interests tristar induced breach obligations.\n february 16 2012 tristar federal action northern texas alleged misrepresentations land.\n january 22 2013 company filed amended answer counterclaim tristar claims unlawful activity agreements misrepresentations landowners.\n settlement agreement july 9 2014 actions dismissed prejudice without payment damages.\n lease obligations company leases land office tower space leases.\n leases contain renewal options increases lease payments.\nescalation clauses leases excluding recognized non-cancellable term.\n future rental payments renewal periods failure communications revenues leases.\n payments december 31 2014.\n 2015 574438\n 2016\n 2017 538405\n 2018 519034\n 2019 502847\n 4214600\n $ 6903188\n aggregate rent expense leases 31 2014 2013 2012 $ 655. million $. million $ 419. million."
}
{
    "_id": "dd4bb77ca",
    "title": "",
    "text": "jpmorgan chase. annual report 219 note 13 2013 securities financing resale repurchase borrowed finance firm inventory positions short positions accommodate 2019 financing needs settle securities obligations.\n agreements collateralized financings balance sheets.\n resale repurchase carried plus accrued interest.\n borrowed loaned cash collateral.\n resale repurchase agreements counterparty reported net basis.\n fees recorded interest income expense.\n firm elected fair value option financing agreements.\n 4 pages 187.\n reported purchased loaned borrowed sheets.\n agreements interest accruals recorded interest income expense changes fair value principal transactions revenue.\n financial instru derivatives changes fair value reported principal transactions revenue.\ntable details firm 2019s securities financing agree ments collateralized financings.\n millions\n securities purchased resale $ 222302 195328\n borrowed 123587\n sold repurchase 262722 245692\n loaned\n resale agreements $ 20. 3 billion $. 5 billion 2010 2009.\n securities borrowed $ 14. billion $ 7. billion.\n repurchase agreements $ 4. 1 billion $ 3. 4 billion.\n amounts reduced $ 112. 7 billion $ 121. 2 billion 31 2010 2009.\n jpmorgan chase 2019s policy possession securities purchased borrowed.\n monitors market value securities requests additional collateral returns.\n margin levels established counterparty collateral declines default.\njpmorgan chase master netting collateral resale securities liquidate securities customer default.\n credit risk mitigation practices reserves credit impairment december 31 2010.\n assets collateral securities financing note 31 pages 280 2013 281."
}
{
    "_id": "dd4baa340",
    "title": "",
    "text": "$ 25. 7 million cash $ 4. 2 million taxes 1373609 hep 2019s units $ 53. 5 million.\n 2009 pipelines $ 46. 5 million 65- mile 16-inch crude oil pipeline navajo refinery lovington centurion pipeline. 37- mile 8-inch oil pipeline.\n tulsa west loading racks august 1 2009 acquired truck loading facilities $ 17. 5 million.\n refined products oils.\n-artesia 2009 16-inch intermediate pipeline $ 34. 2 million 65 miles refinery oil petroleum refinery artesia.\n march 2009 acquired 25% slc pipeline 95-mile.\nslc pipeline commenced operations march 2009 allows refineries salt lake city crude oil utah terminus wyoming utah rocky mountain pipeline.\n joint venture contribution $ 25. 5 million.\n 2009 sold 70% interest pipeline enterprise products partners $ 35 million.\n.\n recorded gain $ 14. 5 million receivable $ 2. 2 million.\n net asset balance $ 22. 7 million cash $ 3. 1 million $ 29. 9 million properties equipment $ 10. 3 million equity 30% interest.\n income statement discontinued operations year ended december 31 2009.\n operations 5367\n expense 4425\n gain\n 12501 16926\n refineries long-term pipeline terminal throughput agreements expiring 2019 2026.\nagreements pay hep fees transport refined product crude oil pipeline terminal loading rack payments.\n tariff rates adjustments july 1 producer price index federal energy"
}
{
    "_id": "dd4bc2d32",
    "title": "",
    "text": "product offerings include active index strategies.\n returns market benchmark risk profile.\n fundamental research quantitative models.\n index strategies returns index securities.\n strategies include non-etf index products ishares.\n.\n market.\n institutional non-etf index assignments large reflect low fee rates.\n net flows index products revenues earnings.\n-end 2015 equity aum totaled $ 2. 424 trillion net inflows $ 52. 8 billion.\n $ 78. 4 billion $ 4. 2 billion active products.\n inflows driven by market equity international equities.\n offset by non-etf index net outflows $ 29. 8 billion.\n blackrock 2019s fee rates fluctuate.\n half equity tied to international markets fee rates.\n.\n.\nblackrock 2019s equity fee rates revenues.\n ended 2015 $ 1. 422 trillion increasing $ 28. 7 billion 2% 2014.\n $ 76. 9 billion net inflows offset $ 48. 2 billion market depreciation foreign exchange movements.\n inflows $ 35. 9 billion diversified income high yield strategies.\n 7. billion total return. high yield bond 3. billion.\n inflows $ 50. 3 billion core high yield bond funds.\n offset non-etf outflows $ 9. 3 billion.\n balanced funds bespoke mandates equities bonds currencies commodities risk management.\n long-only portfolios alternative investments asset allocation overlays.\n changes-asset class aum.\n inflows change.\nmillions december 312014 net inflows acquisition market change impact december 312015\n asset allocation 183032 12926 -6731 -3391 185836\n target date 128611 125664\n fiduciary 66194 -6373\n futureadvisor\n multi-asset $ 377837 $ 17167 -7413 -11621 376336\n $ 366 million futureadvisor 2015.\n ishares.\n multi-asset class inflows demand $ 17. 4 billion institutional clients.\n contributed $ 7. 3 billion business 2015 target date risk product offerings.\n retail outflows $ 1. 3 billion-client transition mutual funds ishares.\n multi-asset income fund raised $ 4. 6 billion 2015.\nmulti-asset strategies 2022 49% aum year-end new business $ 12. 9 billion.\n combine equity fixed income alternative.\n risk diversification derivatives tactical allocation.\n flagship products global allocation-asset income suites."
}
{
    "_id": "dd4c04f66",
    "title": "",
    "text": "table summarizes activity rsus performance conditions december 31 shares grant date value.\n non-vested total december 31 2016 309 $ 55. 94\n granted 186 63.\n vested -204 46.\n forfeited 70.\n-vested december 31 2017 281 $ 67. 33\n $ 6 million unrecognized compensation cost nonvested rsus expected recognized 1. 5 years.\n total fair value vested $ 16 million $ 14 million $ 12 million years 2017 2016 2015.\n dividends paid before credits liability.\n pays lump sum payment dividend equivalents accrued.\n less than $ 1 million accumulated deficit statements equity.\n maintains nonqualified stock purchase plan payroll deductions acquire common stock 90% fair market value three-month purchase period.\nfebruary board adopted american water works.\n 2017 employee stock purchase plan approved may 12 august 5.\n prior plan terminated purchases august 31.\n december 31 2017. million shares common stock.\n compensatory.\n 2015 issued 93 thousand shares."
}
{
    "_id": "dd4b986b8",
    "title": "",
    "text": "borrowings extended non-recourse.\n no credit market risk permit regulatory leverage capital calculations.\n interest rate set federal reserve bank revenue spread difference yield rate.\n earned net interest revenue $ 68 million.\n commercial paper program $ 3 billion maturities 270 days.\n 2008 2007 $ 2. 59 billion 2. 36 billion.\n state street bank issue bank notes $ 5 billion $ 2. 48 billion senior notes temporary liquidity guarantee program $ 1 billion subordinated bank notes.\n no notes outstanding $ 5 billion available issuance.\n line of credit $ 800 million canadian securities processing operations.\n no termination cancelable.\n no balance due.\n.\n reduce expenses long term growth.\n restructuring charges $ 306 million consolidated statement income.\nplan involuntary reduction 7% global workforce first quarter 2009.\n lease software license terminations restructuring agreements technology.\n restructuring $ 306 million $ 243 million severance benefits outplacement services 2100 employees $ 49 million future lease obligations write $ 23 million impairment intangible assets $ 10 million information technology $ 4 million restructuring costs.\n severance $ 47 million accelerated vesting equity-based compensation.\n december 2008 620 employees involuntarily terminated.\n activity balance sheet reserve 2008.\n severance lease write-offs information technology.\n $ 250 $ 42 306\n payments adjustments\n balance december 31 2008 $ 230 $"
}
{
    "_id": "dd4c41a88",
    "title": "",
    "text": "item 5.\n common equity sales unregistered securities fourth quarter 2003 aes issued. million shares common stock $ 20 million.\n shares issued without registration section 3 9 securities act 1933.\n common stock traded new york stock exchange symbol. high low sale prices stock.\n.\n 2003 quarter high $ 4. 04 low $ 2. 72 2002 quarter $ 17. 84 low $ 4.\n quarter 8. 37 3. 75.\n 7. 70.\n 9. 50 7. 57.\n march 3 2004 9026 holders common stock $ 0. 01 per share.\n secured credit facilities pay cash dividends.\n guaranty cash dividends net worth liquidity tests.\n cash dividends limitations project loans governmental provisions agreements.\nitem 12 10-k securities equity compensation."
}
{
    "_id": "dd4ba3126",
    "title": "",
    "text": "expand client relationships multi-solution partnerships.\n multidimensional service.\n leveraged solutions value cost savings improved.\n global diversification deploy resources global markets.\n revenues segment.\n 2015\n ifs $ 4630 $ 4525 $ 3809\n gfs 4138 4250 2361\n 466\n consolidated revenues $ 9123 $ 9241 $ 6596\n integrated financial solutions north american bank savings institutions processing payment channel digital channels fraud risk management compliance lending wealth retirement corporate liquidity.\n clients banks credit unions commercial lenders government institutions merchants organizations.\n multi-year processing contracts recurring revenues.\n cash innovation integration information security compliance.\n solutions core processing ancillary applications.\ncore processing software applications banking processes clients deposit lending customer management central system record.\n market systems markets.\n offer services ancillary branch automation back-office support compliance support.\n digital solutions internet mobile ebanking.\n retail delivery applications operations processes interaction.\n focus consumer access market innovation multi-channel multi-host solutions integration seamless customer experience.\n leader mobile banking electronic banking internet mobile.\n corporate electronic banking solutions commercial treasury cash management multi-bank collection.\n systems provide accounting reconciliation system record."
}
{
    "_id": "dd4c4f4c6",
    "title": "",
    "text": "goldman sachs group.\n subsidiaries consolidated financial statements.\n collateralized agreements financings securities purchased borrowed.\n financings repurchase loaned secured.\n firm transactions facilitate client activities invest excess cash acquire securities finance firm activities.\n agreements financings net-by-counterparty basis legal right setoff.\n interest recognized included 201cinterest income expense.\n note 23 interest.\n table carrying value resale repurchase agreements securities borrowed loaned.\n millions december 2015 2014\n purchased 120905 127938\n borrowed2\n loaned2\n millions 120905 127938.\n resale repurchase agreements carried fair value.\n note 8 valuation techniques inputs fair value.\n.\ndecember 2015 2014 $ 69. 80 billion $ 66. 77 billion securities borrowed $ 466 million $ 765 million loaned fair value.\n resale repurchase agreements firm purchases instruments resell price plus interest future date.\n repurchase firm sells instruments repurchase price plus interest future date.\n instruments include u. s.\n government federal agency investment-grade sovereign obligations.\n firm receives.\n monitors market value delivers obtains additional collateral changes market value.\n requires collateral fair value equal to carrying value assets consolidated statements financial.\n repurchase resale agreements- reverses-to-maturity transfer ownership financing arrangements require maturity agreement.\n repo-to-maturity firm transfers security maturity date matches underlying security.\n2015 accounted sales.\n no 2014.\n note 3 changes accounting january 2015.\n goldman sachs form"
}
{
    "_id": "dd4b9f152",
    "title": "",
    "text": "united parcel service.\n subsidiaries financial capital lease obligations property plant equipment.\n defeased.\n value december 31 millions.\n vehicles $ 74 $\n aircraft 2289\n buildings 207\n amortization -849 -781 781\n $ 1721 $\n obligations payments due 2016 3005.\n agreements municipalities construction facilities.\n package supply chain freight operations.\n louisville kentucky dallas texas philadelphia pennsylvania.\n lease loan agreement debt obligations bonds 2022 bonds balance $ 149 million louisville regional airport authority facility.\n due january 2029 variable rate average interest rates 2015 2014. 03%.\n balance $ 42 million due november 2036 louisville regional airport authority.\nbonds interest variable rate average rates 2015 2014. 02%. 05%\n 2022 bonds balance $ 29 million dallas fort worth airport facility improvement corporation.\n due may 2032 cash flows swapped fixed 5. 11%.\n balance $ 100 million delaware county pennsylvania industrial development authority.\n due december 2015 variable interest. 02%. 04%.\n 100 million bonds repaid full.\n 2015 agreement delaware county pennsylvania authority bonds balance $ 100 million.\n due september 2045 variable.\n average interest rate 2015 0.%.\n pound sterling notes two tranches 2022 principal million. 50%. fixed rate due february 2031.\n.\n million. 125%. rate due february 2050.\nnotes callable option redemption price 100% principal accrued interest payout discounted redemption benchmark.\n bond yield 15 points accrued interest."
}
{
    "_id": "dd4bcc45e",
    "title": "",
    "text": "consolidated financial statements 2013 millions estimated future benefit payments.\n domestic pension foreign pension postretirement benefit.\n 2019 14. 21.\n 2020.\n 2021. 19\n 2022.\n 2023.\n 2024 2028.\n future payments domestic postretirement benefit plan.\n federal subsidies medicare prescription modernization act 2003 $. 3 year.\n domestic employees.\n pre-tax after-tax investment alternatives.\n contributions years service.\n 2018 2017 2016 $ 52. $ 47. 2 $ 47.\n company contribution $ 6. $ 3. 6 $ 6. offset forfeitures $ 5. $ 4. 6 $ 4. 2018 2016.\n contribution plans foreign countries contributed $ 51. $ 47. $ 44. 5\ndeferred compensation benefit arrangements defer salary contribute account.\n deferred plus interest conditions service age retirement termination.\n 2018 2017 deferred compensation benefit liability balance was $ 196. 2 $ 213. 2.\n expensed 2018 2017 2016 $ 10. 0  $ 18. 5 $ 18. 5 .\n purchased life insurance policies.\n cash surrender value $ 177. 3 $ 177. 4.\n long-term disability plan income replacement benefits unable job.\n insured no obligation required.\n covered health life insurance benefits retirement recorded obligation of $ 5. 9 $ 8. 4 december 31 2018 2017."
}
{
    "_id": "dd4ba13ee",
    "title": "",
    "text": "entergy arkansas 2019s receivables money pool december 31 years.\n 2017 2016 2015 2014\n $ 166137 $ 51232 $ 52742 $ 2218\n note 4 financial statements.\n entergy arkansas credit facility $ 150 million august 2022.\n $ 20 million credit facility april 2018. 150 million letters credit against $ 5 million borrowing capacity.\n december 31 2017 no cash borrowings letters credit.\n uncommitted letter credit facility.\n $ 1 million letter credit outstanding.\n note 4 financial statements.\n arkansas nuclear fuel company credit facility $ 80 million may 2019. december 31 2017 $ 50 million letters of credit $ 24. 9 million loans.\n.\n authorizations october 2019 short-term borrowings not exceed $ 250 million.\nnote 4 financial statements entergy arkansas short-term borrowing limits.\n long-term securities issuances authorized apsc authorization extends december 2018.\n entergy arkansas.\n subsidiaries financial rate regulation fuel-cost recovery rates change rates charges tariffs.\n rate plan retail rate increase $ 268. million net increase revenue $ 167 million.\n. 2%. return common equity.\n revenue $ 217. million. 65%. return common equity.\n 2015 motion retail rate increase $ 225 million net increase revenue $ 133 million return common equity 9. 75%. formula rate plan tariff +/- 50 point. return\n increase acquisition 2016 union power station block 2 $ 237 million.\n settlement amortization 10-year $ 7. million post-fukushima compliance. flood barrier compliance.\nsettlement january.\n apsc approved retail rate increase $ 5 million.\n parties modifications.\n new rates effective 24 billing april.\n march 2016 arkansas compliance"
}
{
    "_id": "dd4b94ce8",
    "title": "",
    "text": "2013 annual report form 10-k repatriation undistributed earnings non.\n subsidiaries 2012.\n tax cost $ 250 million $ 110 million.\n company files federal state local income tax returns jurisdictions.\n examination tax authorities.\n subject examinations before 2006.\n internal revenue service examination.\n federal income tax returns 2010.\n examination.\n tax return 2011 2014.\n reconciliation unrecognized tax benefits excluding interest penalties december 31.\n millions 2013 2012\n balance january 1 $ 82 $ 107 $ 111\n additions tax positions\n prior\n reductions\n pre-acquisition unrecognized tax benefits\n reductions expiration statute limitations\n foreign currency translation\n balance december 31 $ 85 $ 82 $ 107\ncompany expects change unrecognized tax benefits next 12 months significant.\n total effective tax rate $ 81 million december 31 2013.\n recognizes accrued interest penalties tax benefits.\n liabilities interest penalties benefits $ 9 million $ 10 million $ 15 million.\n recognized $ 2 million $ 5 million income 2013 2012.\n no income expense interest penalties 31 2011.\n.\n.\n principal. canada netherlands.\n 91% projected benefit obligation december 31 2013.\n majority.\n sponsors welfare benefit plans postretirement medical life insurance.\n employees dependents.\n require retiree contributions future benefit cost increases.\n modify terminate plans.\n employees.\n hired 1 2004 rehired 2012 not eligible postretirement medical benefits.\n.\nhired rehired transferred salaried after january 1 2006.\n employees hired 2006 eligible defined contribution retirement plan.\n not eligible defined benefit pension plan benefits.\n 2011 approved amendment.\n pension 77%.\n projected benefit obligation december 31  2011.\n employees accruing benefits remaining accrue benefits december 31 2020.\n employees participate defined contribution retirement plan.\n remeasured benefit obligation lowered 2011 pension expense $ 12 million.\n changes.\n pension plans 2011.\n recognized curtailment loss special termination benefits $ 5 million 2011.\n plans benefit plans.\n merger 28 2013. transferred defined benefit pension plan postretirement benefit liabilities employees. net partial settlement loss $ 33 million"
}
{
    "_id": "dd4c065fa",
    "title": "",
    "text": "cdw corporation subsidiaries financial statements holders class b common units subject vesting provisions.\n received 3798508 shares restricted stock vested.\n year december 31 2013 1200544 shares stock vested/settled 5931 shares forfeited.\n 2592033 shares outstanding.\n issued 1268986 stock options holders diluted equity ownership.\n per-share price equal ipo $ 17. 00 subject vesting provisions class b common units.\n granted 19412 stock options 2013 ltip.\n granted 1416543 rsus fair value $ 17. 03 per unit.\n four years.\n value equity-based compensation awards.\n black-scholes option pricing model value stock options.\n assumptions volatility expected term risk-free interest rates dividend yields.\n assumptions stock options.\n.\n-average grant date value. 75\n volatility 35.\n risk-free rate. 58% 58\n dividend yield.\n term.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n. two-year five-year volatility 2019s peer group leverage.\n composite.\n.\n expected term calculated simplified method.\n average 2019s contractual term weighted-average vesting period.\n stock option data."
}
{
    "_id": "dd4bca866",
    "title": "",
    "text": "net gains investments $ 57 million decreased 52 million lower gains.\n $ 40 million gain bkca acquisition $ 35 million unrealized gain private equity.\n dividend income increased $ 14 million higher dividend income.\n gains $ 109 million decreased 45 million lower net gains.\n $ 40 million bkca acquisition $ 35 million unrealized gain.\n monetization nonstrategic opportunistic private equity investment.\n interest expense decreased $ 28 million repayments long-term borrowings fourth quarter 2014.\n income tax expense.\n 2016\n operating income $ 4570 4664\n nonoperating income\n before taxes $ 4462 4595\n tax expense $ 1290\n tax rate 28. 9%. 27. 2%. 25. 6%. 29. 6%.28. 4%. 4 % 26. 6%. 6 %\n non-gaap financial measures.\n.\n tax rate affected foreign jurisdictions income.\n jurisdictions lower tax rates.\n 35% 35 % united kingdom channel islands ireland canada.\n.\n taxes foreign earnings.\n.\n tax expense net noncash benefit $ 30 million revaluation deferred income tax liabilities $ 65 million nonrecurring items.\n tax rate 29. 6% 29. 6 % 2016 excluded noncash benefit 30 million.\n.\n tax net noncash benefit $ 54 million revaluation tax liabilities $ 75 million nonrecurring items organizational tax structure resolution tax matters.\n tax rate 28. 4%. 4 % 2015 excluded net noncash benefit $ 54 million.\n.\ntax expense 2022 $ 94 million tax benefit tax matters acquisition bgi $ 50 million tax benefit $ 73 million net tax benefit nonrecurring items noncash benefit $ 9 million revaluation deferred income tax liabilities.\n adjusted tax rate 26. 6%. 2014 excluded $ 9 million noncash benefit cash flow impact $ 50 million.\n million expense tax benefit excluded results no impact blackrock 2019s book value.\n balance reconciliation consolidated financial condition excluding separate assets collateral securities agreements investment funds.\n balance"
}
{
    "_id": "dd4c22fb6",
    "title": "",
    "text": "board 21 2004 expired 30 2006.\n financing 2005 dividend $ 54. million stock repurchase $ 26. 7 million common shares employee stock options tax benefit stock purchase plan $ 9. million.\n dividends $ 162. million $ 107. million $ 54. million 2007 2006 2005.\n cash balances flow capital expenditures working capital requirements end fiscal 2010.\n contractual obligations commercial commitments future commitments garmin december 29 2007.\n 1 1-3 years 3-5 years 5\n operating leases $ 43438 $ 6581 11582 $ $\n purchase obligations\n operating leases garmin facilities. taiwan. canada.\n purchase obligations outstanding december 29 2007 paid 3 months manufacturing business.\n.\nitem 7a.\n market risk risk pricing products services purchase raw materials.\n influenced semiconductor market conditions.\n pricing declines improved product mix price reductions raw materials costs.\n effect business financial condition results.\n inflationary pressures offset costs price increases.\n affect business.\n foreign currency exchange rate risk garmin subsidiaries currency exchange rates.\n not affected foreign exchange fluctuations"
}
{
    "_id": "dd4c2fb80",
    "title": "",
    "text": "projected payments liabilities next five years ending december 31 2012 2013 to 2017.\n 2008 $ 980\n 2009 1185\n 2010 978\n 2011 1022\n 2012 1425\n 2013 - 2017 $ 8147\n risk company generates revenue large customers no customers more 10% total revenue years december 31 2007 2006 2005.\n financial instruments credit risk cash equivalents trade receivables.\n cash equivalents high credit quality institutions limits credit exposure.\n risk trade receivables limited geographically diverse customers risk.\n controls credit risk monitoring procedures.\n merger implemented new organizational structure new operating segment structure first quarter 2006 results.\n operating segments tps lps.\n.\n tps enterprise.\n lps mortgage information services.\n national information services.\nsubsidiaries affiliates statements 2014"
}
{
    "_id": "dd496fea4",
    "title": "",
    "text": "restructure refinance debt capital markets financial condition.\n refinancing higher interest rates onerous covenants restrict business operations.\n failure interest principal indebtedness credit rating additional indebtedness.\n cash flows insufficient debt obligations liquidity problems dispose assets.\n consummate dispositions obtain proceeds debt obligations.\n.\n unresolved staff comments.\n locations at december 31  2013.\n facilities leased except 165000 square feet office in alpharetta georgia.\n sublet restructuring.\n alpharetta georgia\n jersey city\n arlington virginia\n sandy utah\n menlo park california\n new york\n chicago illinois\n 25000 square footage g1 execution services.\n sell to affiliate susquehanna.\nlease assigned susquehanna sale february 10 facilities used trading investing balance sheet management segments.\n leased facilities less than 25000 square feet not listed location.\n lease 30 e*trade branches 2500 to 8000 square feet.\n space adequate needs 2014.\n.\n october 27 2000 ajaxo.\n filed complaint california county santa clara.\n ajaxo sought damages non relief breach non-disclosure agreement wireless technology misappropriation trade secrets.\n judgment 2003 ajaxo $ 1. 3 million breach non-disclosure agreement.\n denied requests additional damages.\n december 21 2005 california court appeal affirmed award remanded case trial court determining additional damages.\n paid full case remanded trial court may 30 2008 jury returned"
}
{
    "_id": "dd4b8fe50",
    "title": "",
    "text": "management obligation asbestos claims ppg settlement.\n settlements aftertax $ 80 million marvin recoveries $ 11 million $ 37 million federal glass class action antitrust settlement.\n business segments sales income.\n industrial coatings 3236 284\n coatings\n optical specialty materials 1001\n commodity chemicals\n coatings sales increased $ 315 million 11% % 2006.\n 4% acquisitions increased volumes automotive 2% 2 higher selling prices 1% foreign currency.\n income increased $ 65 million 2006.\n increased sales volume lower overhead manufacturing costs acquisitions.\n reduced inflation offset higher selling prices.\n coatings sales increased $ 420 million 16% 2006.\nincreased 8% 4% higher prices 3% 3 increased volumes 1% 1 foreign currency.\n income increased $ 50 million 2006.\n sales volume higher prices.\n overhead costs.\n optical specialty materials sales increased $ 134 million.\n 10% higher volumes 5% acquisitions.\n income increased $ 65 million 2006.\n 2005 charge asset impairment increased $ 27 million.\n 38 million increased volumes lower manufacturing costs 2005 hurricane costs 3 million overhead.\n commodity chemicals sales decreased $ 48 million 3%.\n 4% chlor-alkali volumes 1% 1 higher selling prices.\n income decreased $ 28 million 2006.\n lower sales volumes higher manufacturing costs.\n 2005 increased $ 29 million.\n higher selling prices lower inflation insurance recovery $ 10 million increased.\nfourth-quarter chlor-alkali sales earnings impacted production outages.\n uncertain impact sales earnings 2007.\n glass sales increased $ 15 million 1% ( 1 % 2006.\n improved volumes organic growth acquisition.\n foreign currency.\n volumes increased performance glazings automotive replacement glass fiber glass.\n automotive oem glass volume declined.\n.\n segment income increased $ 25 million 2006.\n higher equity earnings fiber glass ventures royalty income lower manufacturing natural gas costs inflation lower margin reduced prices.\n fiber glass segment profitability cash flow.\n cost reduction improved equity earnings.\n new joint venture producing high labor content fiber glass reinforcement products.\n higher margin.\n 2006 earnings improvement.\n"
}
{
    "_id": "dd4b97600",
    "title": "",
    "text": "analysis depreciation studies.\n changes estimated service lives depreciation rates implemented prospectively.\n group depreciation historical cost depreciable property retired replaced charged to accumulated depreciation no gain or loss recognized.\n historical cost assets estimated using inflation indices labor statistics estimated useful lives studies.\n indices selected correlate major costs asset classes.\n until monitor estimated service lives accumulated depreciation rates.\n determine accumulated depreciation deficient.\n deficiency amortized depreciation expense lives.\n retirements depreciable properties gain or loss recognized if retirement meets conditions unusual material varies significantly from retirement profile.\n gain or loss recognized land assets not railroad operations.\n asset capitalize costs use.\n assets self-constructed.\ncapital expenditures replacement track assets road properties performed employees track line expansion capacity projects.\n costs capital projects capitalized.\n direct costs material labor equipment.\n indirect costs capitalized construction.\n general administrative expenditures.\n repairs maintenance useful life safety efficiency.\n allocated statistical bases.\n expense repairs maintenance $ 2. 3 billion 2013. 1 billion 2012 $. 2 billion 2011.\n capital leases recorded net present value minimum lease payments value.\n amortization expense computed straight-line method estimated useful lives.\n.\n accounts payable current liabilities.\n.\n.\n.\n income taxes\n wages\n dividends\n casualty costs\n interest\n equipment rents\n accounts liabilities 3086"
}
{
    "_id": "dd4be9338",
    "title": "",
    "text": "commitment expiration commercial commitments millions 2015.\n 2015 2016 2017 2018 2019 after2019\n credit facilities $ 1700\n receivables securitization facility 650\n guarantees 82 12 26\n standby letters credit 40 34\n commercialcommitments $ 2472 $ 46 660\n credit facility used december 31 2014.\n $ 400 million receivables securitization facility utilized debt.\n program matures july 2017.\n guaranteed obligations equipment financings operations.\n letters of credit drawn december 31 2014.\n off-balance sheet guarantees liable $ 82 million $ 299 million guarantees.\n recorded liabilities $ 0. 3 million $ 1 million fair value december 31 2014.\nentered contingent guarantees include obligations equipment financings operations.\n final guarantee expires 2022.\n aware default guarantees.\n expect financial condition results operations liquidity.\n labor agreements 85% 47201 full-time employees represented by 14 rail unions.\n january 1 2015 labor agreements began negotiations.\n agreements remain until new agreements labor act procedures exhausted.\n contract negotiations continue work stoppages.\n inflation increase asset replacement costs.\n depreciation charges inflation-adjusted greater.\n derivative financial instruments use exposure interest rates fuel prices.\n not party to leveraged derivatives use speculative purposes.\n instruments hedge accounting maintain effectiveness.\n document relationships instruments items risk-management objectives strategies hedge transactions assessing hedge effectiveness.\nvalue derivative instruments charged earnings.\n use swaps collars futures forward contracts mitigate risk interest rates fuel prices limit benefits price movements.\n risk selecting value hedged item.\n manage credit risk requiring high credit standards settlements.\n december 31 required collateral received collateral hedging activities."
}
{
    "_id": "dd4ba203c",
    "title": "",
    "text": "additions property plant equipment cash.\n table capital expenditures operations 2014 2013 2012.\n north america e&p $ 4698 $ 3649 3988\n international e&p 534\n oil sands mining\n corporate\n capital expenditures 5495 4449 4526\n -335\n additions property plant equipment $ 5160 $ 4443 4361\n repurchased 121 million common shares $ 4. 7 billion 29 million $ 1 billion first six months 2014 14 million $ 500 million third quarter 2013.\n.\n.\n cash equivalents cash flow capital markets revolving credit facility sales non-strategic assets.\n working capital issue commercial paper $ 2. 5 billion revolving credit facility.\nalternatives access capital markets short long-term liquidity operations near long-term funding capital spending dividend payments defined benefit debt.\n december 31 2014 $ 4. 9 billion liquidity $ 2. 4 billion cash equivalents $ 2. 5 billion revolving credit facility.\n targeting $ 3. 5 billion budget 2015.\n outspend cash flows.\n liquidity adjust budget commodity price environment.\n expense management organizational capacity operational reliability.\n amended $ 2. 5 billion unsecured revolving credit facility extended maturity may 2019.\n.\n december 31 2014 no borrowings against outstanding.\n commercial paper program.\n $ 6391 million long-term debt $ 1068 million due majority fourth quarter 2015.\n triggers default.\nshelf registration universal shelf registration statement filed sec-known issuer issue sell indeterminate debt equity securities."
}
{
    "_id": "dd4bdd6dc",
    "title": "",
    "text": "2012 annual report form 10-k december 31 2012 2011 2010 $ 30 million $ 98 million $ 65 million.\n cumulative tax benefit pension postretirement benefits $ 960 million $ 990 million.\n no tax benefit unrealized gain loss securities.\n 2011 2010 $. 2 million $. 6 million.\n tax benefit unrealized gain derivatives $ 4 million $ 19 million $ 1 million.\n.\n employee savings plan covers.\n employees.\n company matching contributions.\n company-matching contributions established 6% eligible compensation.\n company-matching contribution determined collective bargaining agreement.\n-matching contribution suspended march 2009 june 2010 savings global recession.\n july 1 2010 reinstated 50% first 6% compensation employees eligible-matching contribution.\n union represented employees collective agreements.\n1 2011 company match increased 75% compensation employees maintained 2012.\n compensation contributions savings plan 2012 2011 2010 $ 28 million $ 26 million $ 9 million.\n savings plan employee stock ownership plan.\n dividends shares $ 18 million $ 20 million $ 24 million 2012 2010 tax deductible.\n.\n.\n earnings.\n royalty income $ 51 $ 55 $\n net earnings equity affiliates\n gain sale assets\n $ $\n.\n-based compensation stock options restricted stock units grants contingent shares shareholder return.\n.\n incentive plan april 21.\n future grants. million december 31 2012.\n stock-based compensation cost $ 73 million $ 36 million $ 52 million 2012 2011 2010.\nstock-based compensation expense increased payout 2010 rsu grants ppg shareholder return performance 2012 500 index expense.\n income tax benefit $ 25 million $ 13 million $ 18 million 2012 2011 2010.\n ppg stock option awards.\n.\n employees granted options purchase common stock equal fair market value.\n exercisable six to 48 months after maximum term 10 years.\n issued treasury stock.\n restored option provision options 2003 ownership shares market value equal cost.\n fair value stock options measured date grant recognized expense period.\n estimates fair value stock options black-scholes option pricing model.\n risk- free interest rate determined.\n treasury yield table"
}
{
    "_id": "dd4be0a9e",
    "title": "",
    "text": "7. 1 2000.\n top 100 clients used 11. products 2001 11. 2 2000.\n state street benefits revenue transaction flows.\n management cash positions deposit balances short-term investment.\n foreign currency volumes revenue.\n $ 2. 8 billion 2001 $ 2. 7 billion 2000 increase 6% 6 %.\n growth fee revenue 8%.\n servicing fees $ 199million 14% primary.\n client wins revenue securities lending.\n declines equity market values offset growth.\n management fees down 5%.\n foreign exchange trading revenue down 5% volatility processing fees up 21% 21 % gains sales investment securities.\n servicing management fees assets securities positions portfolio transactions products services.\n 10% increase equity values change revenue 2% 2 %.\n bond values change 1% 1 % revenue.\nsecurities lending revenue 2001 increased 40% 2000.\n reflected servicing management fees.\n volume interest rate spreads.\n-over increase due interest rate spreads eleven reductions.\n federal funds target rate 2001.\n millions.\n servicing fees $ 1624 $ 1425 $ 1170 14%\n management fees\n foreign exchange trading 368\n processing fees\n total fee revenue $ 2832 $ 2665 $ 2312\n 2001 results exclude write-off state street investment $ 50 million 1999 results exclude one-time charge $ 57 million repositioning investment portfolio 2000 results adjusted formation citistreet 4 state street corporation"
}
{
    "_id": "dd4bf1cfe",
    "title": "",
    "text": "fair value funded unfunded credit products classified transactions citi 2019s.\n interest revenue measured rates reported trading assets loan interest.\n changes fair value 2018 2017 credit risk loss $ 27 million gain $ 10 million.\n citigroup invests.\n investment debt host contract commodity forward derivative instrument.\n elects fair value option debt host contract.\n total debt contracts $ 0. 4 billion $ 0. 9 billion at december 31 2018 2017.\n amounts fluctuate trading activity.\n citi trades unallocated precious metals investments executes forward purchase sale contracts.\n receivable.\n accounted derivative.\n december 31 2018 approximately $ 13. 7 billion $ 10. 3 billion forward purchase sale derivative contracts outstanding.\ninvestments private equity real estate citigroup invests returns capital appreciation.\n elected fair value option similar to private equity hedge fund activities reported fair value.\n brings consistency accounting evaluation.\n investments accounted value.\n classified investments balance.\n changes revenue.\n fair value option non equity securities risk managed derivative instruments accounted.\n trading assets.\n changes fair value recorded transactions.\n january 1 2018 fair value option no required securities.\n note 1 financial statements.\n mortgage loans held-for-sale elected fair value option fixed-rate adjustable-rate mortgage loans.\n sale securitization hedged with derivative instruments.\n accounting mismatches operational simplifications.\n mortgage loans carried fair value.\n millions december 312018 2017\nconsolidated balance sheet $ 556 $ 426\n fair value unpaid principal balance\n non-accrual loans 90 days due 2014\n unpaid balance\n changes values loans statement income.\n no net change fair value december 31 2018 2017 credit risk.\n interest income contractual interest rates revenue."
}
{
    "_id": "dd4c53bca",
    "title": "",
    "text": "mortgage-backed december 31 2012 portfolio $ 31. 4 billion government agency securities $ 6. 1 billion non-agency securities.\n agency securities collateralized by 1-4 family fixed-rate mortgages.\n non-agency securities collateralized mortgages.\n loans non-conforming. balances excess interest rates fixed floating rate market.\n non-agency securities senior tranches credit protection enhancement over- collateralization excess spread.\n recorded losses $ 99 million non-agency-backed securities.\n losses securities rated below investment grade.\n noncredit $ 150 million fair value $ 3. 7 billion.\n sub-investment grade securities $ 1. 9 billion unrealized net gains $ 114 million.\n value non-agency $ 5.billion 31 2012 fixed-rate private-issuer securities non-residential retail office multi-family housing.\n commercial mortgage-backed securities portfolio $ 2. 0 billion multi-family housing.\n senior tranches.\n no credit losses commercial.\n $ 6. 5 billion fixed-rate floating-rate private-issuer securities consumer credit products residential mortgage loans credit cards automobile loans student loans.\n senior tranches credit protection enhancement over-collateralization excess spread.\n losses $ 11 million securities.\n collateralized residential mortgage loans rated below investment grade.\n noncredit $ 52 million fair value $ 603 million.\n sub-investment grade securities fair value $ 47 million unrealized net losses $ 3 million.\n recover cost basis.\n losses.\nhousing economic conditions worsen market volatility illiquidity interest rates increase valuation investment securities portfolio losses income.\n loans millions.\n mortgages fair value $ $ 843\n cost 620 451\n 1392\n residential mortgages fair value 2096 1415\n cost\n 2220\n $ 3693 $ 2936\n stopped originating commercial mortgage loans fair value 2008.\n december 31 2012 balance $ 772 million $ 843 million 2011.\n sold $ 32 million unpaid balances 2012 $ 25 million 2011.\n pnc financial services group.\n"
}
{
    "_id": "dd4c17b16",
    "title": "",
    "text": ".\n commitments rental expense office warehouse real estate $ 608 $ 324 $ 281 years 25 2004 2003 28 2002.\n future minimum lease payments expects costs $ 900 facility expansion olathe kansas.\n cash balances collateral bank united kingdom value-added tax requirements.\n amounted $ 1457 $ 1602 25 2004 27 2003 restricted cash.\n company subsidiaries parties legal claims actions complaints patent infringement intellectual property claims risks.\n predict.\n management legal proceedings operations financial position cash flows.\n.\n benefit sponsors retirement plan employees contribute 50% annual compensation revenue limitations percentage compensation.\n gel contribution plan employees contribute 5% annual compensation.\n contribute annually board.\nyears 25 2004 2002 expense $ 5183 4197 $ 2728  charged operations.\n foreign subsidiaries participate local defined benefit pension plans.\n contributions calculated final pensionable salaries.\n obligations contributions significant.\n 512\n 493\n 474\n 2009\n"
}
{
    "_id": "dd4c5a574",
    "title": "",
    "text": "summary stock-based restricted stock activity.\n.\n december 31 2005 897200 $ 14. 97 restricted 1971112 $ 23.\n 135696 38. 41 437960 40.\n -546896 19. -777194.\n. -79580 26.\n december 31 2006 474000. 1552298 30.\n 393420 44. 54.\n -867420 29. 28. 86\n.\n december 31 2007 1527831.\n additional shares issued 2006 2007 performance targets exceeded 36-month 2003 2004.\n average grant fair value stock awards $ 54. 97 $ 40. 45 $ 27. 21.\n value awards 2005 $ 38 million 21 million $ 5.\nvesting date value restricted stock awards 2007 2006 2005 $ 29 million $ 32 million $ 13 million.\n december 31  2007 $ 37 million unrecognized compensation cost expected 1. 4 year.\n.\n 2007 approved increase authorized shares 550 million to 1. billion shares declared two-for-one split common stock.\n dividend distributed june 18 2007 stockholders may 23 2007.\n one additional share common stock.\n shares stock incentive compensation plans increased.\n information financial statements.\n 2007 2006 2005 common stock issuances october 18 2007 distributed 29 million shares stock $ 55. 70 per share.\n june 30 2005 distributed 35 million shares $ 27. 23 per share shareholders.\n authorized repurchase $ 5 billion common stock.\npurchases program market privately.\n cash asset sales borrowings shares.\n program financial market subject termination.\n price targets timetables.\n december 31 2007 acquired 58 million shares $ 2. 520 billion 16 million 2007 $ 822 million 42 million 2006 $ 1. 698 billion."
}
{
    "_id": "dd4b92be6",
    "title": "",
    "text": ".\n.\n company acquisitions.\n excess purchase price allocated intangible assets developed technology customer contract-related assets goodwill.\n values based future discounted cash flows income.\n excess purchase value assets amortized.\n deductible tax.\n amounts-process research developments valuation expensed acquisition technological feasibility future alternative uses.\n consolidated financial statements results.\n acquisitions material results operations not presenting statements years 2006 2005 2004.\n acquired august 16 2006 all-cash transaction.\n.\n-c simulation software semiconductor manufacturers process optical lithography e-beam lithography next-generation lithography.\n acquisition integration design manufacturing tools design layout analysis 3d lithography simulation.\n.\n paid $ 20. million cash outstanding shares shareholder notes $.million deposited escrow agent paid.\n.\n purchase.\n 20500\n costs\n purchase price $ 22553\n 2. 1 million legal tax accounting facilities employee termination.\n paid. 9 million.\n. million balance legal tax employee termination.\n.\n valuation allocated purchase liabilities.\n acquired $ 6. million assets 3. 9 million technology 1. million customer relationships. 2 million trade names amortized five years.\n assets 3. million assumed liabilities $ 5. million.\n excess purchase price"
}
{
    "_id": "dd4ba0b10",
    "title": "",
    "text": "altria release february 27 2018 10:00pm performance stock units 2017.\n granted 187886 stock units employees.\n payout performance measures predetermined three-year cycle.\n. adjusted diluted earnings per share annual growth rate. total shareholder return.\n subject forfeiture conditions.\n december 31 2017.\n 170755 units remaining-average fair value $ 70. 39 per unit.\n amortized expense.\n.\n pre-tax compensation expense 2017 $ 6 million.\n unamortized compensation expense. $ 7 million.\n.\n grant performance stock units 2016 2015.\n.\n earnings per share diluted calculated.\n 2016 2015\n net earnings altria group. $ 10222 14239 $ 5241\ndistributed undistributed earnings share awards\n diluted eps 10208 14215 5231\n-average shares 1921 1952 1961\n earnings altria group.\n 10222 14239 5241 distributed undistributed earnings share awards diluted eps 14215 5231 shares"
}
{
    "_id": "dd4bce7a4",
    "title": "",
    "text": "global business transactions tax outcome uncertain.\n cost reimbursement arrangements entities.\n company believes estimates no assurance final tax outcome historical income tax.\n differences income tax provision results.\n november 4 2007 adopted new accounting principles uncertain tax positions.\n determine tax position before benefit recorded financial statements.\n uncertain tax position not recognized less 50% likelihood sustained.\n no changes liabilities uncertain tax positions.\n october 30 2010 31 2009 liability $ 18. 4 million $. 2 million unrealized tax benefits settled effective tax rate.\n liability $ 9. million $ 8. million interest penalties.\n total liability $ 28. 3 million $ 26.2 million uncertain tax positions non-current believes ultimate payment twelve months.\n current income tax.\n includes interest penalties unrecognized tax benefits condensed consolidated statements income no change classification provisions.\n statements 2010 2009 2008 include $ 1. 8 million $ 1. 7 million $ 1. 3 million interest penalties tax positions.\n complexity estimate period liabilities.\n changes uncertain tax positions 2008.\n balance november 3 2007 $ 9889\n positions 2008 3861\n november 1 13750\n 2009 4411\n october 31\n 286\n october 30 18447\n years 2004 2005 examination.\n report proposed adjustments.\n recorded taxes penalties adjustments.\n four items additional potential tax liability $ 46 million.\ncompany concluded four items additional tax liability.\n recorded additional tax liability appealing proposed adjustments irs taxpayers.\n initial meetings appellate division irs fiscal devices.\n financial statements"
}
{
    "_id": "dd4c2d40c",
    "title": "",
    "text": "consolidated financial statements.\n morgan chase & co.\n.\n.\n 2003 annual report securities financing activities resale repurchase borrowed loaned finance inventory positions short positions settle obligations.\n customers 2019 needs.\n securities purchased resale repurchase collateralized financing transactions carried consolidated sheet amounts accrued interest.\n resale repurchase agreements reported.\n chase possession securities.\n monitors market value underlying collateral.\n.\n requests additional collateral.\n similar transactions accounted 201cbuys 201d 201csells 201d.\n purchase securities forward obligation.\n recorded consolidated balance sheet fair value changes value recorded trading revenue.\n $ 15 billion $ 8 billion at december 31 2003 2002.\ntransactions sfas 140 $ 8 billion $ 13 billion 2003 2002.\n unrealized gain loss insignificant.\n securities borrowed lent recorded at cash collateral.\n government equity.\n jpmorgan chase monitors market value calls additional.\n fees interest expense.\n 2003 2002\n purchased resale $ 62801 $ 57645\n borrowed 41834\n sold repurchase $ 105409 $ 161394\n loaned\n jpmorgan chase pledges instruments collateralize repurchase agreements.\n pledged securities.\n december 31 2003 $ 210 billion.\n collateral obtained resale-borrowing agreements.\n $ 197 billion repledged short sales.\n.\n.\n loans principal amount loan losses unearned income deferred loan fees.\nloans sale lower cost fair value.\n secondary market trading short.\n loans trading assets carried fair value gains losses revenue.\n interest income recognized level return term.\n nonaccrual loans accrual interest discontinued.\n payment principal interest doubt 90 days past due collateral insufficient.\n interest accrued not collected reversed against interest income.\n amortization deferred loan fees suspended.\n interest income nonaccrual loans recognized cash.\n doubt cash carrying value.\n restored accrual interest principal payments assured.\n consumer loans charged loan losses stages delinquency.\n credit card loans charged off 180 days past due 60 days bankruptcy.\n residential mortgage products charged 180 days past due.\n consumer products charged 120 days past due.\ninterest automobile financings loans nonaccrual loan policy"
}
{
    "_id": "dd4bcf794",
    "title": "",
    "text": "revenue per car 2008.\n agricultural $ 3286  $ 3080  $ 3352 7% 7 % 8\n automotive 2082  1838 \n chemicals 2874 2761 2818\n energy 1697  1543 1622\n industrial products 2461  2388  2620\n intermodal 974  896  955\n $ 1823  $ 1718  $ 1848  6% 6 % 7 ) %\n agricultural products volume fuel surcharges price improvements increased agricultural freight revenue.\n midwest demand mexico corn feed grain shipments.\n ethanol plants california idaho.\n ethanol plants ceased lower ethanol margins.\n export demand.\n increased.\n declines wheat.\n feed animal protein increased agricultural shipments.\nvolume fuel surcharges freight revenue.\n price improvements offset.\n lower demand fewer shipments corn feed grains 11%.\n weaker demand reduced shipments wheat grains.\n 37% 24% increases finished vehicles automotive parts pricing gains fuel surcharges improved freight revenue.\n economic poor sales reduced production reduced shipments fuel surcharges reduced freight revenue.\n vehicle shipments down 35% 35 % parts 24% 24 %.\n pricing gains declines.\n.\n automotive manufacturers bankruptcy production.\n federal car allowance rebate system sales production cuts demand offset.\n"
}
{
    "_id": "dd4bddce0",
    "title": "",
    "text": "westrock company financial statements table summarizes weighted allocation intangible assets acquisition excluding goodwill.\n.\n.\n customer relationships.\n trademarks tradenames.\n photo library.\n.\n residual value.\n amortizing intangibles 13 16 years.\n star pizza acquisition march 13 2017.\n leadership position small pizza box market vertical integration.\n purchase price $ 34. 6 million $. 7 million working capital.\n integrated 22000 tons containerboard star pizza annually.\n results assets corrugated packaging segment.\n purchase price $ 24. 8 million intangible assets $ 2. 2 million goodwill.\n amortizing intangibles 10 years.\n value goodwill buyer-specific synergies.\n intangibles amortizable income tax.\n packaging acquisition january 19 2016.\nentities acquired folding carton litho-laminated packaging solutions.\n purchase price $ 94. million cash $ 1. 7 million working capital settlement $ 3. million escrow receipt first quarter 2017.\n subject election section 338.\n tax basis.\n entities.\n customers markets facilities.\n financial results consumer packaging segment.\n purchase price $ 55. million property plant equipment $ 10. million intangible assets $ 9. million goodwill $ 25. million liabilities $ 1. million debt.\n amortizing intangibles 9 15 years.\n fair value goodwill buyer synergies.\n.\n amortizable income tax.\n.\n mills dublin newberg recycled containerboard paper.\n.\n 48% interest gps.\n electricity georgia power.\n purchase price $ 278. million cash $ 9.million capital"
}
{
    "_id": "dd4ba5822",
    "title": "",
    "text": "company recognizes income tax positions sustaining likely.\n changes reflected judgment.\n records penalties unrecognized tax benefits statements.\n changes accounting principles business combinations noncontrolling interests january 2009 adopted principles business combinations noncontrolling interests.\n applies control.\n requires acquirer assets liabilities noncontrolling interest acquisition date fair values.\n business combinations require recognition assets liabilities noncontrolling interest full control obtained.\n revision changes requirements recognizing assets liabilities requires acquisition costs expensed.\n provides changes income tax accounting business combinations.\n april 2009 guidance revised guidance contingent liabilities.\n adopted revised principles.\n financial statements.\n establishes accounting reporting standards deconsolidation.\nrevised principle noncontrolling interest subsidiary reported separate equity.\n requires retrospective adjustments stockholders equity net income noncontrolling interests.\n provides changes accounting ownership noncontrolling interests.\n changes loss control accounted equity transactions.\n change ownership loss control deconsolidation retained interests remeasured at fair value gain loss net income.\n noncontrolling interests reported general expenses.\n prior amounts restated.\n effect prior balance sheets new guidance noncontrolling interests summarized.\n december 31\n equity $\n increase reclassification non-controlling interests\n revised principle requires net income noncontrolling interests separate caption.\n increased net income by $ 16 million $ 13 million for 2008 2007.\n"
}
{
    "_id": "dd4975e94",
    "title": "",
    "text": "table details cash capital investments years december 2006 2005 2004.\n.\n track $ 1487 $ 1472 $ 1328\n commercial facilities 510\n locomotives freight cars\n $ 2242 $ 2169 $ 1876\n 2007 total capital investments $ 3. billion long- term leases.\n maintain track structures capacity expansions remove bottlenecks equipment facilities terminals new technologies.\n investments maintain infrastructure service growth operational fluidity.\n fund 2007 investments sale lease properties cash hand december 31 2006.\n funds capital requirements 2007.\n 2006 2005 2004 ratio earnings to fixed charges.\n increases 2006 2005 higher net income.\n.\n equity fixed charges income taxes.\n debt discount rental charges.\n exhibit 12.\nfinancing credit facilities december 31 2006 $ 2 billion revolving credit facilities $ 1 billion 2009 $ 1 2010.\n corporate purposes issuance commercial paper.\n drawn 2006.\n fees interest rates similar investment-grade borrowers.\n floating rates london interbank spread.\n minimum net worth debt to net worth coverage ratio.\n compliance covenants.\n financial restrictions credit rating triggers collateral.\n $ 150 million uncommitted lines credit $ 75 million march 2007 75 million may 2007.\n used.\n equivalent credit five-year facilities.\n dividends increased quarterly dividend $ 0. 35 per share payable april 2 2007 february 28.\n fund increase cash operations sale lease.\n dividend restrictions restrictions dividends minimum net worth requirements.\n"
}
{
    "_id": "dd4c4befc",
    "title": "",
    "text": "entergy corporation subsidiaries financial statements rate 2. 04%.\n principal not due entergy louisiana principal payments bonds five years $ 21. 7 million 2017 $ 22. 3 million 2018 $ 22. 7 million 2019 $ 23. 2 million 2020 $ 11 million 2021.\n louisiana purchased property right recover bonds.\n proceeds-incurred costs.\n regulatory asset balance sheet.\n creditors assets revenues.\n no payment obligations charge collections.\n new orleans bonds hurricane isaac city council financing order bonds hurricane isaac storm restoration costs $ 31. 8 million carrying costs storm recovery reserve $ 63. 9 million $ 3 million up-front financing costs.\n entergy new orleans recovery funding. issued $ 98.7 million storm cost recovery bonds.\n coupon 2. 67%.\n principal not due entergy new orleans principal payments five years $ 10. 6 million 2017 11 2018 11. 2 million 2019 11. 6 million 2020 $ 11. 9 million 2021.\n entergy new orleans purchased recovery property right recover.\n regulatory asset entergy new orleans balance sheet.\n creditors recourse assets revenues.\n no payment obligations charge collections.\n securitization bonds hurricane rita 2007 financing order $ 353 million hurricane reconstruction costs $ 6 million transaction costs offset $ 32 million deferred income tax benefits.\n 2007 entergy gulf states reconstruction funding-owned issued $ 329. 5 million senior secured transition bonds.\n.51%. 51 october 2013 93500\n. 79%. 79 %\n. 93%. 93 % 2022 114400\n 329500"
}
{
    "_id": "dd4984020",
    "title": "",
    "text": "pension expense.\n 2015 2014\n $ 68. $ 135. 135.\n terminations settlements curtailments 7. 35. 5.\n discount 4. 1%. 1 %. 6%. 6 %\n return 7. 5%. 5 %. 4%. 4 %. 7%. 7 %\n compensation 3. 5%. 5 %. 5%. 5 %. 9%. 9 %\n 2016 service interest cost spot rates cash flows.\n.\n benefit obligation.\n.\n expense decreased spot rate approach reduced service cost interest cost new mortality tables.\n items $ 7. 3 settlement losses $ 6. termination benefits $ 2. curtailment gains $ 1.\n business restructuring cost reduction actions.\n.\ndecrease pension expense return 40 bp compensation lower service interest cost.\n offset higher amortization actuarial losses 60 bp decrease discount rate.\n. settlement losses $ 21. termination benefits $ 8. curtailment losses.\n business restructuring cost reduction.\n pension expense $ 70 to $ 75 increase $ 10 $ 15 2016 discount rates asset experience spin-off new mortality tables.\n pension settlement losses $ 10 to $ 15.\n $ 164 amortization losses $ 121 2016.\n net losses $ 484 lower discount rates improved mortality projections.\n gains/losses amortized expense.\n discount rate.\n curtailment loss $ 5 to $ 10 employees transferring versum.\n discontinued operations.\n liabilities pension.\npension funding includes contributions benefit payments unfunded non-qualified.\n contributions benefits surpluses.\n legal funding requirements tax deductions.\n analyze liabilities.\n 2016 2015 cash contributions benefit payments $ 79. 3 $ 137. 5.\n 2017 contributions defined benefit plans estimated $ 65 to $ 85.\n based contributions plans benefit payments unfunded"
}
{
    "_id": "dd4c31af2",
    "title": "",
    "text": "46 allowance loan lease losses.\n january 1 $ 4036 4347\n charge-offs -1289 1289\n credit losses\n unfunded loan commitments letters credit\n december 31 $ 3609 4036\n charge-offs loans. 57%. 73%.\n loan lease losses loans.\n commercial lending charge-offs -249 $ -359\n consumer lending -828\n -1289 1289\n-offs loans\n commercial lending. 22%. 35%. %\n consumer lending.\n charge-offs $ 134 million interagency first quarter 2013.\n credit losses $ 643 million 2013 987 million 2012.\n improved credit quality risk consumer loan delinquencies cash flows loans.\n commercial lending credit losses decreased $ 102 million 74% 2012.\nconsumer lending credit losses decreased $ 242 million 29% 29 % 2012.\n 2013 nonperforming loans 117% ( 117 %.\n 2012 124% 124 %.\n ratios 72% ( 72 % 79% ( 79 % ) excluding $ 1. 4 billion $ 1. 5 billion consumer loans purchased impaired loans.\n loans charged off after 120 180 days due not nonperforming.\n purchased impaired loans performing delinquency interest allowance below.\n table 35.\n balance increases risk factors asset quality charge-offs portfolio.\n interagency portfolio growth balance $. 4 billion % to $ 3. 6 billion december 2013 2012.\n note 7 allowances loan lease losses unfunded loan commitments letters 6 purchased loans.\noperational risk loss from inadequate processes human factors external events.\n includes losses non- compliance laws failure fiduciary responsibilities litigation legal actions.\n errors unauthorized transactions fraud disruption system breaches misuse sensitive information regulatory governmental actions fines penalties legal expenses judgments settlements.\n risk management technology compliance business continuity.\n business needs regulatory expectations risk management priorities program governance risk processes transparent reporting.\n board determines approach operational risk structure.\n risk metrics limits reporting structure.\n executive management.\n risks controls reporting risk committees sub-committees.\n pnc financial services group.\n 2013 form 10-k"
}
{
    "_id": "dd4c38834",
    "title": "",
    "text": "corporation income changed $ 47. million 2002 to $ 36. million 2003 due net $ 107. million accrual second quarter 2003 disallowing river bend plant costs.\n note 2 financial statements.\n decrease offset interest dividend income sfas 143.\n interest long-term debt decreased $. million 2002 to $. 5 million 2003 redemption refinancing long-term debt.\n performance measures.\n price mwh $ 41.\n decrease earnings non-utility nuclear $ 300. million to $ 245. million due $ 154. 5 million net-tax accounting principle earnings first quarter 2003.\n.\n earnings increased $ 98. 7 million due operation maintenance expenses decreased $ 681. 8 million 2003 to $ 595.2004 voluntary severance program revenues $ 1. 275 billion $ 1. 342 billion 2004 higher contract pricing.\n support services contract cooper nuclear increased generation fewer outages income decommissioning liability.\n higher income taxes $ 88. 6 million 2003 $ 142. 6 million 2004 depreciation expense $ 34. 3 million 2003 $ 48. 9 million 2004 plant.\n earnings non-utility nuclear $ 200. 5 million to $ 300. 8 million $ 154. 5 million-tax accounting principle.\n.\n income decreased $ 54. 2 million.\n $ 83. million $. 6 million voluntary severance program.\n operation maintenance expenses."
}
{
    "_id": "dd4b8c340",
    "title": "",
    "text": "demand.\n 555000 tons downtime 2006 150000 tons lack-of-orders.\n printing papers.\n $ 6530 $ 6700 $\n operating profit $ 1101 $\n north american printing papers net sales 2007 $ 3. 5 billion. billion 2006. billion 2005.\n sales volumes decreased reduced production capacity conversion lightweight linerboard.\n sales price increased increases.\n lack-of-order downtime declined 27000 tons 2007 40000 tons 2006.\n earnings $ million 2007 482 million 2006 175.\n improved sales price higher input costs.\n mill operations improvements machine performance energy conservation.\n sales volumes first quarter 2008 increase.\n demand printing papers steady.\n price increases cut-size paper roll stock first.\nmill maintenance costs same fourth quarter raw material costs wood energy.\n net sales 2007 $ 850 mil higher 495 million 2006 465 2005.\n improved uncoated freesheet paper.\n sales volumes increased cut size offset paper.\n profits $ 246 mil lion 122 2006 134 2005 input.\n luiz antonio acquisition increased sales $ 350 million earnings $ 80 million.\n sales volumes uncoated freesheet paper pulp lower.\n price realizations flat.\n energy costs hydroelectric power increase rainfall.\n papers net sales $ 1. 5 bil lion. 2006. 2005.\n volumes higher stronger demand improved efficiencies lower western closure marasquel mill.\n sales price.\n profits $ 214 million $ 16 million 2006 $ 88 million 2005.\n $ 128 million impairment charge.\nimprovement 2007 higher net sales offset costs wood energy freight.\n sales volumes stable western weaker eastern russia.\n price realizations.\n wood costs increase energy costs higher.\n sales $ 20 million 2007 2006 10 2005.\n earnings increased close breakeven.\n.\n pulp sales $ 655 mil $ 510 $ 525 million 2006 2005.\n sales volumes up"
}
{
    "_id": "dd4bc33e0",
    "title": "",
    "text": "demand commercial printing advertising direct mail volumes white collar employment.\n affected currency rates.\n cost drivers manufacturing efficiency raw material energy freight costs.\n net sales 2012 flat 2011 increased 5% 2010.\n profits 31% lower 2011 25% 25 % higher 2010.\n closure 30% % lower 2011 25% 25 % lower.\n higher sales volumes offset lower price unfavorable product mix 233 million higher operating costs 30 million maintenance costs 17 million input costs 32 million 6 million.\n profits 24 million gain repurposing mill $ 11 million impairment charge mill closed 2009.\n.\n sales\n profit\n net sales $ 2. 7 billion 2012. billion 2011. 2010.\nprofits 2012 $ 331 million $ 423 million 24 2011 18 million 2010.\n sales volumes 2012 flat 2011.\n margins lower export prices volume.\n input costs higher wood chemicals offset lower pulp.\n freight costs oil prices.\n costs.\n tenance downtime costs higher.\n.\n 2013 sales volumes increase demand.\n sales price realizations flat.\n input costs increase energy chemicals wood.\n maintenance downtime costs $ 19 million lower georgetown mill eastover.\n net sales 2012 $ 1. 1 bil lion. 2011. 2010.\n profits $ 163 million 169 2011 159.\n sales volumes higher international paper improved.\n improved domestic paper declining prices exported paper.\n higher margin domestic.\n raw material costs increased wood chemicals pulp decreased.\noperating maintenance lower 2011.\n sales volumes first quarter lower 2012 weaker demand uncoated freesheet paper.\n sales price increase brazilian market increase offset pricing pressures export.\n sales margins impacted geographic mix.\n input costs flat lower energy higher wood pulp chemicals utilities.\n maintenance outage costs $ 4 million lower no first quarter.\n costs new biomass boiler mogi guacu mill.\n european net sales 2012 $ 1. 4 bil lion. 2011. 2010.\n profits $ 179 million 196.\n sales volumes higher uncoated freesheet paper russia pulp lower.\n"
}
{
    "_id": "dd4b93500",
    "title": "",
    "text": "term company uses employee exercise option expiration data black-scholes grant-date valuation.\n believes best estimate term new option employees exhibit similar behavior.\n risk-free interest rate yield zero-coupon.\n treasury securities term risk-free interest rate.\n dividend yield calculated annualizing cash dividend dividing closing stock price grant.\n.\n cash dividends not paid options restricted stock units.\n granted restricted stock awards.\n entitle voting nonforfeitable dividend rights grant.\n stock-based compensation based on value awards.\n forfeitures estimated grant revised differ.\n 201cforfeitures distinct unvested portion surrendered stock-based award.\n annual rate 5. 0%. unvested stock-based awards as november 2 2019.\n re-evaluated quarterly forfeiture rate adjusted.\nexpense recognized vesting period awards.\n stock-based compensation expense.\n 2018\n cost sales $ 20628 $ 18733 12569\n research development 75305 81444\n selling marketing administrative 51829 50988\n special charges\n stock-based compensation expense $ 150300 $ 151165 104188\n november 2 2019 3 2018 company capitalized $ 6. 8 million $ 7. 1 million stock-based compensation.\n adopted.\n excess tax benefits deficiencies income.\n recorded excess tax benefits $ 28. 7 million $ 26. 2 million 2019 2018 stock-based compensation payments.\n tax deficiencies.\n recorded excess expense.\n sufficient apic pool tax deficiencies deficiencies affect results operations.\n.\n"
}
{
    "_id": "dd4bb6942",
    "title": "",
    "text": "28 35 90 days.\n funds failed auctions accessible until successful auction buyer outside.\n valuation auction rate securities value $ 34 million written-down value $ 16 million december 31 2007.\n impairment charge $ 8 million net income temporary impairment charge $ 10 million unrealized loss income 2007.\n investments loss less than six months.\n non-current marketable securities.\n 3m reviews impairments force 03-1 115-1 124-1. impairment unrealized loss income.\n loss reduce net income not other-than-temporary.\n impairment temporary other-than-temporary.\n factors temporary-temporary projected future cash flows credit ratings credit quality underlying collateral.\n balance at december 31  2007 marketable securities short-term investments.\nmaturities differ contractual issuers prepay obligations penalties.\n.\n millions 2007.\n.\n one year 231\n three 545\n five 221\n 62\n marketable securities 1059\n intervals 7"
}
{
    "_id": "dd4b9ad82",
    "title": "",
    "text": "table summarizes changes unrealized tax benefits 2009 2011.\n balance november 1 2008 $ 13750\n additions tax positions 2009 4411\n balance october 31 2009 18161\n 286\n october 30 $ 18447\n 9265\n reductions\n settlements -370\n balance october 29 2011 $ 9665\n years 2004 2005.\n issued report 2004 2005 four proposed adjustments.\n unresolved matters one-time issues section 965 revenue tax treatment dividends foreign act.\n research development tax credit profits manufacturing outside.\n recorded tax liability proposed r&d tax credit adjustment.\n potential tax liability $ 46 million.\n tax liability.\n tax liability.\n quarter 2011 settlement three four items.\nunresolved matter one-time issue section 965 internal revenue code tax treatment dividends foreign companies american jobs creation act.\n company petition tax court.\n potential liability adjustment $ 36. 5 million.\n company additional tax liability.\n recorded additional tax liability.\n years 2006 2007.\n agreed issues agreement.\n no agreement reached tax treatment r&d tax credit foreign manufacturing issues 2004 2005 pricing intercompany sales deductibility stock option compensation expenses.\n recorded proposed r&d tax credit adjustment.\n potential tax liability $ 195 million.\n additional tax liability.\n additional tax liability appealed adjustments processes.\n 2011 reached agreement three four protested items two same issues 2004 2005.\n transfer pricing only item under protest fiscal devices.\n consolidated financial statements 2014"
}
{
    "_id": "dd4c37394",
    "title": "",
    "text": "mastercard financial statements 2014 company postretirement plan funding benefits payments.\n table summarizes expected benefit payments payments subsidy receipts.\n 2010 2714 2643\n 2011 3028 2937\n 2012 3369\n 2013 3660 3526\n 2014 4019 151 3868\n 2019 22686 1071 21615\n company provides postemployment benefits former.\n employees plan.\n accounts severance expense cost severance benefits.\n updates assumptions severance activity-term trends.\n recorded incremental severance expense $ 3471  $ 2643 $ 3418 2009 2008 2007.\n total severance expenses $ 135113 $ 32997 $ 21284 expenses statements.\n.\n april 28 2008 extended unsecured revolving credit facility 2006 additional year.\nexpiration date credit facility april 26 2011.\n funding $ 2500000 april 27 2010 $ 2000000 final year.\n terms conditions unchanged.\n option commitment.\n borrowings liquidity settlement failures limit $ 500000.\n fee borrowing cost contingent credit rating.\n fee 7 points $ 1774 annually.\n interest borrowings charged london interbank rate margin 28 points utilization fee 10 points borrowings exceed 50% commitments.\n upfront fees $ 1250 administrative fees $ 325 amortized over five years.\n $ 2222  $ 2353 $ 2477 2009 2008 2007.\n mastercard no borrowings 2009 2008.\n majority lenders mastercard international.\n issued ten-year unsecured notes fixed interest rate 6. per annum.\n repaid principal $ 80000 june 30  2008.\ninterest expense $ 2668 5336 2008 2007."
}
{
    "_id": "dd4c109d8",
    "title": "",
    "text": "adverse development one claim 2008 favorable three cases 2009.\n costs lower decrease freight property damages employee travel utilities.\n higher bad debt expense 2008 recessionary economy favorable-over-year comparison.\n additional expense $ 30 million transaction pacer international.\n higher property taxes offset lower costs 2009.\n costs higher 2008 increase bad debts taxes loss damage expenses utility costs $ 122 million.\n personal injury costs asbestos-related claims $ 8 million lower 2008.\n reduction reflects safety experience lower costs.\n comparison negative impact adverse development one claim 2008.\n environmental toxic tort expenses $ 7 million lower 2008.\n non-operating items.\n income $ 195 $ 92 $ 116\n interest expense -600 -511 -482\n income taxes\nincreased $ 103 million 2009 due higher gains real estate sales $ 116 million pre-tax gain land sale regional transportation district colorado lower interest expense sale receivables program lower interest rates balance.\n reduced rental licensing income lower returns cash investments.\n income decreased 2008 lower gains real estate decreased returns cash investments.\n income expense.\n expense increased 2009 2008 higher weighted debt levels.\n $ 9. 6 billion $ 8. 3 billion 2008.\n interest rate 6. 3%.\n expense increased higher weighted debt $ 8. 3 billion.\n lower interest rate. 1%\n taxes lower 2009 2008 lower pre-tax income.\n effective tax rate 36. 5%.\n higher 2007 higher pre-tax income.\n rates. 38. 4%.\nlower tax rate 2008 audits state changes.\n rate 2007 increased illinois legislation deferred tax."
}
{
    "_id": "dd4c31818",
    "title": "",
    "text": "contractual obligations.\n table shows.\n millions payments less 1 year 1-3 years 3-5 years 5 years\n 8. 75%. senior $ 200.\n 5. 40%. 40 % 250.\n subordinated debt 329.\n 6. 6%. long term notes 400.\n expense 2243. 77. 145. 119. 1900.\n employee benefit plans 2.\n operating lease agreements 32. 8. 16. 3.\n reserve losses 9040. 2053. 3232. 1077. 2678.\n $ 12497. 2141. 3594. 1200. 5562.\n interest expense 6. 6%. long term notes fixed contractual term.\n loss reserves estimate losses settlement costs.\n variability market conditions cash flows uncertain.\nultimate timing loss payments could differ estimates.\n contractual obligations senior long term junior debt responsibility holdings.\n cash flow liquidity investments access capital markets obligations.\n upon dividends from everest re capital contributions access.\n subsidiaries cash flow liquidity investments settle reserves losses.\n management believes financial resources obligations.\n.\n 2007 2006 2005 declared paid dividends $ 121. million $ 39. million $ 25. million.\n dependent on dividends subsidiaries.\n dividends everest re subject delaware regulatory bermuda.\n restrictions affect everest re declare pay dividends.\n 2005 everest re paid divi $ 245. $ 100. $ 75. million.\n bermuda re paid dividends $. $ 60. $ 45.\nitem 1 2013 dividends note 16 financial statements.\n new accounting standards.\n november 2005 fasb issued position 115-1 other-than-temporary impairment investments december 15 2005.\n investment impaired measurement loss.\n accounting considerations-than impairment dis closures unrealized losses.\n adopted fas 115-1 january 1 2006.\n unrealized losses temporary."
}
{
    "_id": "dd4bc8c64",
    "title": "",
    "text": "non investment activity net losses $ 12. 7 million 2009 $ 52. 3 million 2008.\n improvement $ 40 million impairments mutual funds 2009.\n table details mutual fund gains losses two years.\n impairments -91.\n capital gain.\n net gain -4.\n loss.\n lower income $ 16 million money market holdings lower interest rate improvement.\n no impairment investments december 31 2009.\n 2009 income taxes pretax income 37. 1% down. 2008 lower. 2010 tax rate.\n reductions tax rate.\n.\n investment advisory revenues decreased 6. 3%. $ 118 million to $ 1. 76 billion 2008 assets management decreased $ 16 billion to $ 358. 2 billion.\n average annualized fee rate 49.points 2008. 2007 lower equity valuations income portfolios.\n assets fees net income.\n revenues decreased 5% $ 112 million $ 2. 12 billion.\n expenses $ 1. 27 billion 2008 up 2. 9%. $ 36 million 2007.\n income decreased 147. million. $ 848. million.\n expenses valuations assets revenues 2008 operating margin 40. 1%. from 2007.\n non-operating investment losses $ 52. 3 million $ 80. 4 million 2007.\n non-cash charges $ 91. million.\n income fell 27% $ 180 million 2007.\n diluted earnings per share accounting guidance decreased $ 1. 81. from 2007.\n. 21\n advisory revenues.\n mutual funds decreased 8. 5%. $. million $ 1. 24 billion.\nmutual fund assets $ 216. billion 2008 down 16. billion 2007.\n 31 $ 164. billion down 81. billion 2007.\n inflows $ 3. 9 billion. money. bond. stock.\n $ 4. billion mid-cap redemptions $ 2. 2 billion.\n inflows $ 6. 2 billion retirement funds.\n.\n $ 1. 3 billion transferred.\n market valuations assets $ 85. billion.\n revenues decreased $ 3. million $ 522. 2 million.\n assets $ 142. 1 billion. billion 2007.\n declining equity market valuations cash flows.\n inflows institutional investors $ 13. 2 billion $ 1. billion transferred.\n decreases lowered assets $ 55. billion.\n"
}
{
    "_id": "dd4c50394",
    "title": "",
    "text": "five-year stock performance graph illustrates shareholder return snap-on common stock since december 31 2008 dividends reinvested.\n compares snap-on performance standard poor 500 stock index peer group.\n snap-on shareholder return fiscal year 500.\n 2008 100.\n 111. 127. 126.\n 153. 169. 145.\n 140. 165. 148.\n 223. 195. 172.\n 2013 315. 265. 228.\n $ 100 invested december 31 2008 dividends reinvested.\n fiscal year ends saturday 31 31.\n peer group stanley black & decker. danaher emerson electric. genuine parts newell rubbermaid. pentair. spx corporation.\n.\n s&p"
}
{
    "_id": "dd4bdf95a",
    "title": "",
    "text": "loss contract recorded remaining deferred revenues recognized service period termination date.\n long-term outsourcing agreements customized implementation efforts necessary set clients human resource benefit programs systems processes.\n outsourcing services direct costs implementation prior commencing deferred amortized services revenue recognized.\n deferred costs assessed recoverability revenue.\n sponsor defined benefit pension plans.\n significant plans.\n. closed new entrants.\n ceased crediting future benefits. plans.\n 2016 estimate pension post-retirement net benefit cost increase $ 15 million approximately $ 54 million.\n increase due to change approach measuring service interest cost.\n full yield curve approach estimation service interest cost post-retirement rates projected cash flows.\n2015 estimated pension post-retirement benefit cost weighted-average discount rate yield curve.\n correlation benefit cash flows yield curve precise measurement service interest costs.\n affect benefit obligation offset actuarial loss.\n accounted estimate.\n gains losses changes value obligation plan assets due discount rate assumptions asset performance not recognized net income.\n amortized into net income benefit cost.\n unrecognized gains losses deferred amortized into compensation benefits expense pension expense average life expectancy.\n.\n amortize prior service expense credits plan changes amortization.\n december 31 2015 pension plans deferred losses recognized.\n amortize unrecognized actuarial losses outside corridor 10% market-related value plan assets benefit obligation.\n incremental amortization future pension expense until fully amortized.\ntable discloses unrecognized actuarial gains losses estimated 2016 amortization country.\n.\n unrecognized gains losses $ 1511 $ 1732 382\n amortization 10 - 32 7 28\n 2016 amortization loss $ 37 $ 52\n unrecognized prior service cost december 31 2015 $ 9 million $ 46 million 7 million.\n.\n.\n market-related valuation return benefit cost.\n"
}
{
    "_id": "dd4b9c40c",
    "title": "",
    "text": "duke realty 2009 loss $ 1. million acquisition difference fair assets carrying value pre-existing equity interest.\n.\n value acquired assets liabilities $ 206852\n advances entities eliminated consolidation\n value equity\n loss business combination\n 2009 results entities included consolidated financial statements.\n pre-existing ownership financing operating income.\n real estate assets $ 32. million $ 60. 5 million $ 219. 9 million 2009 2008 2007.\n purchased five industrial buildings seattle virginia houston 161 acres undeveloped land 12-acre container storage facility.\n total price $ 89. million financed secured debt fair $ 34. million.\n $ 64. million-service real estate $ 20. undeveloped land container storage facility.4 million allocated lease remaining acquired capital liabilities.\n acquired included rental operations financial statements.\n acquisitions not.\n real estate proceeds $ 267. $ 426. 2 $ 590. 4 million 2009 2008 2007.\n sold five 2009 seven 2008 unconsolidated joint venture.\n proceeds $ 84. 3 million $ 226. 2 million.\n sold eight office properties 894000 square feet cleveland.\n $ 140. 4 million net proceeds $ 139. 3 million.\n sold twelve industrial properties 2007 865000 square feet.\n $ 65. million net proceeds $ 64. 2 million.\n.\n property management leasing construction services companies.\n earned management fees $ 8. 7 leasing fees 4. construction development fees 10. 13\n"
}
{
    "_id": "dd49877e8",
    "title": "",
    "text": "variable-rate home equity lines credit seven or ten year draw period 20 year amortization term.\n interest only principal interest.\n balances december 31 2011 table draw.\n.\n 2012 $ 904 $ 266\n 2013 1211\n 2014 2043 598\n 2015 1988 820\n 2016 6961 5601\n $ 13107 $ 7616\n $ 306 million $ 44 million $ 60 million $ 100 million $ 246 million home equity lines balloon payments 2012 2013 2014 2015 2016.\n principal interest less risky than principal interest payments.\n loans december 31  2011. 4. 32%. 32 % 30-89 days past due. 57%. 57 % or 90 days past due.\nborrower 60 days past due terminate borrowing privileges not reinstated.\n continue collection/recovery processes loss mitigation loan modification tdr.\n note 5 asset quality loan lease losses unfunded loan commitments letters credit financial statements 8.\n loan modifications debt restructurings modify loans under government pnc programs help avoid foreclosure.\n borrower evaluated for modification government.\n evaluated pnc program.\n temporary permanent modifications reduce interest rate extend term defer principal.\n modifications classified tdrs.\n payment plans trial payment arrangements change classified tdrs.\n detail tdrs note 5.\n temporary modification three 60 months original loan terms reverts original failure.\n to 24 months interest rate reverts original.\n permanent modification greater than 60 months terms original loan changed.\nmodifications include government home program pnc.\n temporary modification borrower hardship delinquent loan balance.\n delinquency due illness death loss employment.\n permanent modifications borrower income payments payments lower amounts.\n home equity loans modified 60 months three to 24 months.\n monitor success rates delinquency status loan modification programs credit losses.\n tables provide unpaid balance modified real estate loans 60 days past due six nine twelve months after modification.\n pnc financial services group.\n 2013 form 10-k"
}
{
    "_id": "dd4c57ee6",
    "title": "",
    "text": ".\n company robust annuitization experience policyholders eligible gmib.\n certain clients years annuitization experience annuitization function reflects experience maximum annuitization rate 8 percent higher maximum first year 13.\n no observable annuitization behavior data weighted aver age three annuitization functions maximum rates 8 percent 12 percent 30 percent higher rates first year.\n gmib reinsurance treaties include claim limits annuitization behavior higher.\n 2010 changes assumptions annuitization lapse value.\n fair value liability by $ 98 million.\n losses $ 64 million increasing net fair value glb reinsurance liabilities falling interest rates.\n excludes losses $ 150 mil derivative hedge instruments.\n hedge accounting treatment.\n gains gains losses.\n ace tempest life financial market policyholder behavior risks reinsurance.\nrisk management underwriting client guarantee design protecting ace 2019s position options obligation.\n second structure reinsurance contracts.\n contracts include annual claim limit.\n 2022 annual claim limits reinsured account 2022 annuitization rate limits policy claim limits.\n third hedging strategy mitigating long-term economic losses.\n ace tempest life financial market instruments fair value $ 21 million $ 47 million december 31 2010 2009.\n instruments collateralized counterparties.\n limit variable annuity reinsurance guarantee risk.\n last.\n transaction mid-2007 late 2007.\n number policyholders decreasing withdrawals deaths 5-10 per cent annually.\n glb claims reinsured policy 201cwaiting period.\n majority policies 2013 later.\n first payment eligibility benefit.\n1%\n 2011\n 7% 7\n 24% 24 %\n 19% 19\n 5% 5 %\n 6% 6 %\n 18% %\n 20% 20 %\n"
}
{
    "_id": "dd4ba1ef2",
    "title": "",
    "text": "shareowner return performance graph material future filing securities act 1933 exchange act 1934 except.\n five year comparison shareowners 2019 returns class b common stock standard 500 index dow jones transportation average.\n quarterly stock price reinvested dividends $ 100 invested december 31 2009 standard 500 index dow jones transportation average class b common stock.\n/31/2009\n united parcel service. $ 100. $ 130. 135. 140. 205. 223.\n standard 500 index. 115. 117. 136. 180. 205.\n dow jones transportation average. 126. 74. 136. 192. $ 240."
}
{
    "_id": "dd4c529be",
    "title": "",
    "text": "years december 31 2007 2006 2005 $. 5 million $. 8 million $ 1. 4 million depreciation amortization capital leases included.\n company promote brand products.\n sponsorship agreements athletes collegiate professional supplier agreements athletic event sponsorships.\n schedule future minimum payments december 31 2007.\n 2008 14684\n 2009 14660\n 2010 13110\n 2011 10125\n 2012\n future sponsorship marketing payments $ 53584\n minimum obligations sponsorship marketing agreements.\n incentives performance achievements supply obligations.\n involved legal matters.\n financial position operations cash flows.\n executives agreements severance benefits termination change ownership.\n.\n november 2005 initial public offering issued additional 9. 5 million shares common stock.\n.2 million shares convertible stock rosewood converted.\n received proceeds $ 112. 7 million $ 10. 8 million stock issue costs $ 25. million term note revolving credit $ 12. 2 million preferred stock $ 12. million.\n recapitalization approved charter issuance 100. million shares a common 16. 2 million b convertible value $ 0. 0003 1/3 per share amendments unissued shares.\n 1. million shares b converted a."
}
{
    "_id": "dd4baca00",
    "title": "",
    "text": "visa inc.\n financial statements 2014 market shareholder return 500 index.\n fair value performance based shares estimated grant date monte carlo simulation model.\n grant 2013 2012 2011 $ 164. $ 97. $ 85. 05 per share.\n shares 2013 2012 three years grant date.\n 2011.\n earlier vesting.\n compensation cost estimated performance.\n net forfeitures adjusted.\n $ 15 million unrecognized compensation cost unvested performance-based shares. years.\n.\n company leases premises equipment expiration dates.\n rent expense $ 94 million $ 89 million $ 76 million 2013 2012 2011.\n future minimum payments leases marketing sponsorship agreements year.\n millions 2014 2015 2016 2018\n operating leases $ 100 $ 77\nmarketing sponsorships 116  117 61  54 178 580\n $ 216 $ 194 $ 104  $ 89  $ 74 $ 260 $ 937\n sponsorship agreements require spend advertising marketing.\n.\n marketing promotional activities.\n represents marketplace costs.\n.\n agreements financial clients partners build payments volume increase visa-branded card acceptance win merchant routing transactions.\n one to years card issuance conversion support volume/growth targets marketing program support.\n encourage business increase visa-branded payment transaction volume costs brand awareness.\n payments capitalization obligations reflected consolidated balance sheet.\n incentives reduction"
}
{
    "_id": "dd4978f5e",
    "title": "",
    "text": "masco corporation notes financial statements.\n goodwill intangible assets december 31 accumulated impairment losses additions discontinued operations pre-tax impairment charge cabinets related products.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 587 $ 364 $ 223 $ 2014 181.\n goodwill december 31 2010 accumulated impairment losses 31 additions discontinued pre-tax impairment charge goodwill december 31 2011\n cabinets related products $ 587 $ -364 $ 223 -44 $ 181\n plumbing products 536 -340\n installation services -762 1057\n decorative architectural products 294\n specialty products -367 367 613\n $ 4216 -1833 $ 2383 -486 1891\nadditions include acquisitions.\n 2011 company reclassified goodwill business units sale.\n recognized charge for units loss write-down $ 13 million.\n foreign currency translation purchase price adjustments acquisitions.\n 2012 2011 completed annual impairment testing goodwill assets.\n 2012 no impairment.\n 2011 impaired.\n recognized non-cash pre-tax impairment charges for goodwill $ 486 million $ 330 million 2011.\n declining demand decreased operating margins.\n architectural products builders hardware competitive conditions.\n north american window door business new home construction. reduced repair recovery slower.\n assessed long-lived assets no impairment at december 31 2011.\n indefinite-lived assets were $ 132 million $ 174 million at december included registered trademarks.\n2012 2011 impairment test trademark north american specialty plumbing impaired long-term outlook.\n recognized charges $ 42 million $ 27 million $ 8 million 5 2012 2011.\n 2010 recognized charges $ 10 million $ 6 million after tax installation services $ 9 million plumbing products $ 1 million."
}
{
    "_id": "dd4c11dd8",
    "title": "",
    "text": "consolidated financial statements 2014 transactions foreign currency consultoria internacional casa de cambio mexican company owned employees.\n march 31 2008.\n 10% shareholder cisa no.\n purchased 6. 1 billion mexican pesos $ 560. 3 million 2008 8. 1 billion $ 736. million 2007 cisa.\n transactions prevailing market exchange rates.\n settled facilities cisa.\n incurred settlement expenses $. 5 million 2008.\n 2007 2006 expenses $. 7. 6 million.\n contractors software development.\n 2005 employee part owner firm.\n software development next generation front-end processing system.\n 2008 capitalized fees $. 3 million.\n 2008 2007 $ 4. 9 million $ 4. 6 million property equipment balance sheets.\n expensed amounts $. 3 million. 1 million.million 2008 2007 2006.\n operations leased facilities equipment.\n renewal purchase options property taxes insurance maintenance.\n rent expense leases 2006 $ 30. 4 million $ 27. 1 million $ 24. 4 million.\n lease payments leases may 31 2008.\n 22883\n 2010 16359\n 2011 11746\n 2012 5277\n 2013\n $ 67446\n claims lawsuits business.\n impact financial position liquidity operations."
}
{
    "_id": "dd4be1b9c",
    "title": "",
    "text": "tower corporation subsidiaries financial statements.\n acquired 548 towers purchase price $ 329. 3 million contingent consideration $ 4. 6 million.\n strategy.\n table preliminary allocation purchase consideration assets acquired liabilities assumed purchase price allocation.\n non-current assets $ 442\n property equipment 64564\n intangible assets 260898\n current liabilities\n long-term liabilities\n net assets $ 317742\n goodwill\n customer relationships $ 205. 4 million network location intangibles $ 55. million.\n amortized 20 years.\n goodwill deductible income tax.\n domestic rental management segment.\n allocation purchase price finalized fair value assets liabilities.\n agreement cell 1400 towers 1800 additional towers purchase price $ 430 million.\ncompany anticipates 1400 towers 2011 conditions.\n september 3 2010 agreement purchase rights towers colombia telecomunicaciones.\n.\n until 2023 ownership no cost.\n completed 508 towers price $ 86. 8 million december 31 2010.\n expects complete 180 towers end 2011.\n transaction capital lease purchase price allocated property equipment non-current assets.\n venture mtn group december 6 2010 agreement mtn joint venture ghana.\n owned company owned american tower subsidiary 51% share mtn group subsidiary 49% % share.\n transaction involves sale 1876 mtn ghana sites"
}
{
    "_id": "dd4bcfd48",
    "title": "",
    "text": "lease agreements.\n contingent rent $ 3. 6 million $ 2. 0 million $ 0. 6 million years 2011 2010 2009.\n lease obligations include contingent rent.\n sponsorships marketing commitments brand products.\n sponsorship agreements collegiate professional supplier agreements athletic event sponsorships.\n schedule future minimum payments december 31 2011.\n 2012 $ 52855\n 2013 46910\n 2014 42514\n 2015 22689\n 2016 3580\n 2017\n future minimum sponsorship marketing payments $ 169514\n minimum obligations sponsorship marketing agreements.\n include performance incentives product supply obligations.\n product supply obligations.\n depends playing conditions sporting events decisions.\n costs design develop source purchase products incurred not tracked.\n legal matters.\ncompany believes resolution proceedings financial position results operations cash flows.\n agreed to indemnify counterparties against claims intellectual property.\n indemnification obligations apply misconduct bad faith.\n fair value indemnifications not material to financial position results operations.\n.\n stockholders 2019 class a b convertible 100. 0 million 11. 3 million shares par value $ 0. 0003 1/3 per share.\n identical rights liquidation preferences a one vote per share 10 votes per share.\n b held by kevin plank"
}
{
    "_id": "dd4b9ee6e",
    "title": "",
    "text": "tower corporation subsidiaries financial statements revenue collectability amounts billed recognized.\n credit risk business industry conditions.\n recognition deferred until uncertainty resolved.\n amounts uncollectible charged bad debt expense.\n accounts receivable net allowances doubtful accounts losses inability payments reserves.\n allowances estimated based payment patterns days due collection history changes economic conditions bankruptcy liquidation.\n receivables written-off against allowances uncollectible.\n determination includes analysis conditions.\n changes allowances years december 31.\n 2008\n balance january 1 $ 28520 $ 11482 $ 8850\n increases 16219 26771 12059\n recoveries\n balance december 31, $ 22505 $ 28520 $ 11482\n largest international customer iusacell.\n.\n.\niusacell 4% company revenue year december 31 2010.\n.\n dollar debt two legal entities filed pre-packaged concurso mercantil.\n bankruptcy law majority financial creditors december 2010.\n iusacell receivable net related assets long-term $ 19. 7 million and $ 51. 2 million .\n changes effective january 1 functional currency subsidiary brazil brazilian real.\n assets liabilities translated into.\n dollars exchange rate reporting period.\n revenues expenses translated monthly exchange rates cumulative translation effect included in stockholders equity.\n change currency.\n real net value non-monetary assets liabilities.\n impact $ 39. 8 million offsetting increase income loss.\n renegotiation agreements iusacell converting contractual obligations from.\nmexican pesos company april 1 2010 currency subsidiaries mexican peso.\n assets liabilities translated.\n dollars reporting period.\n revenues expenses translated monthly rates cumulative translation 2019 equity.\n"
}
{
    "_id": "dd4c346bc",
    "title": "",
    "text": "credit rating $ 200 million loan libor margin 175 points maturity 2017.\n proceeds acquisition temple- inland.\n international paper repaid $ 1. 2 billion loan.\n interest rate swaps debt expense.\n $ 150 million maturities 2013 14 pages 70 74.\n.\n swaps amortization deferred gains decreased cost debt 6. 8%. 6. 6%.\n offsetting interest income investments reduced rate 6. 2%.\n financing 1. 9 million shares treasury stock 1. million common stock options generated $ 108 million cash.\n restricted stock withholding taxes $ 35 million.\n off note 12 pages 67 69.\n.\n meet capital expenditures debt working capital dividend requirements.\n credit facilities $ 2. 0 billion.\n compliance debt covenants december 31 2014.\n2019s financial covenants require minimum net worth $ 9 billion debt-to- capital ratio less than 60%.\n net worth common stock paid-in capital earnings treasury stock goodwill impairment charges.\n excludes income nonrecourse liabilities.\n debt-to-capital ratio debt divided by plus net worth.\n december 31 2014 net worth $ 14. billion total-debt- to-capital ratio 40%.\n debt capital markets long-term funding.\n decisions guided capital structure planning objectives.\n maximize financial flexibility preserve liquidity interest expense.\n debt accessed public capital markets.\n investment grade credit rating.\n credit ratings bbb baa2.\n contractual obligations future payments.\n millions 2016 2017\n long-term debt $ 742\n obligations right offset\nlease 142 106 84 63 45 91\n purchase obligations 3266 761 583 463 422 1690\n $ 4150 $ 6612 738 $ 1755 1072 7965\n debt principal payments.\n obligations non interest entities international paper offset obligations investments.\n $ 5. 2 billion interests $ 5. 3 billion debt obligations 12.\n.\n $ 2. 3 billion fiber supply agreements 2006 transformation plan forestland sales 2008 acquisition weyerhaeuser.\n unrecognized tax benefits $ 119 million.\n.\n 2006 international paper installment sale forestlands received $ 4. 8 billion installment notes non- consolidated borrower entities.\n august 2016.\n"
}
{
    "_id": "dd4bd43b6",
    "title": "",
    "text": "201cati 201d spectrasite communications.\n international operations subsidiary american tower international. subsidiaries.\n operations mexico brazil india second 2007.\n business segments rental management network development services.\n item 7 annual report 201cmanagement financial condition results note 18 consolidated financial statements.\n primary business communications site leasing.\n 97% 98% 98 % total revenues 2008 2007 2006.\n rental management segment domestic international site leasing wireless towers rooftop management.\n. leading owner operator wireless communications towers united states mexico brazil.\n own operate communications towers india second half 2007.\n manage wireless sites property owners united states mexico brazil.\n 92% 92 91 % rental management revenue wireless communications towers 2008 2007 2006.\ndecember 31 2008 wireless communications tower portfolio sites states.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 19400 coverage 49 states columbia top 100 markets.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n coverage populated areas mexico city monterrey guadalajara acapulco.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n metropolitan central southern brazil sao paulo janeiro brasilia curitiba.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n coverage 2007.\n wireless communications towers industries.\n.\n at&t mobility nextel verizon wireless t-mobile.\n iusacell movil.\n.\n\n united states 19400 49 states district columbia 90% network top 100 markets high traffic corridors.\n mexico 2500 populated areas mexico city monterrey guadalajara acapulco.\n brazil 1100 metropolitan central southern brazil sao paulo rio de janeiro brasilia curitiba.\n india 200 initial-phase coverage second half 2007.\n spectrasite communications.\n international operations subsidiary american tower international. subsidiaries.\n operations mexico brazil india second half 2007.\n two segments rental management network development services.\n item 7 annual report 18.\n primary business communications site leasing.\n 97% 98% total revenues 2008 2007 2006.\n rental management segment domestic international site leasing wireless towers broadcast rooftop management.\n.leading owner operator wireless communications towers united states mexico brazil.\n operations 2007.\n brazil.\n 92% 92 91 rental management revenue 2008 2007 2006.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n 49 states columbia 90% 90 % top 100 markets.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n populated areas mexico city monterrey guadalajara acapulco.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n metropolitan areas central southern brazil paulo janeiro.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n half 2007.\n wireless communications towers industries.\n.\ndomestic customers at&t mobility sprint nextel verizon wireless t-mobile.\n international customers grupo iusacell nextel telefonica movistar vivo movil telecom italia mobile.\n year ended december 31"
}
{
    "_id": "dd4bad180",
    "title": "",
    "text": "manage market risks hedging transactions.\n counterparties rated institutions.\n establish credit limits.\n transactions include derivative financial instruments.\n interest rate foreign exchange commodity price equity risk see note 7 financial statements.\n estimates maximum value changes interest rates foreign exchange rates commodity prices equity prices conditions.\n monte carlo value-at-risk methodology.\n 95 percent confidence level.\n historical interest foreign exchange rates commodity equity prices volatility.\n data from riskmetrics 2122.\n calculations not represent actual losses.\n correlates underlying exposure offset underlying.\n positions debt investments interest rate swaps foreign exchange forwards commodity swaps futures options equity instruments.\n include foreign exchange commodities equity positions.\ntable presents estimated potential one-day loss interest rate foreign currency commodity equity-risk instruments may 27 2018 28 2017 average value impact 27.\n interest rate $ 33. $ 27. $ 25.\n foreign currency 21. 23. 24.\n commodity instruments.\n equity instruments."
}
{
    "_id": "dd4c37498",
    "title": "",
    "text": ".\n financial statements 2014 2019s restricted stock unit activity october 31 2015 changes stock units outstanding grant date value share.\n november 1 2014 3188 $ 43.\n units granted 818 $ 52.\n lapsed $ 39.\n forfeited -157 $ 45.\n october 31 2015 2698 $ 47.\n $ 108. million unrecognized compensation cost unvested awards stock options stock units.\n. 3 years.\n grant-date fair value shares 2015 2014 2013 $ 65. million $ 57. 4 million $ 63. 9 million.\n since august 2004.\n authorized repurchase $ 5. 6 billion common stock.\n open market privately transactions.\n shares.\n october 31 2015 repurchased 140.7 million shares common stock $ 5. 0 billion.\n additional $ 544. 5 million repurchase current program.\n repurchased shares unissued.\n repurchases shares employee tax withholding obligations restricted stock units stock options.\n withholding based statutory withholding requirement.\n future repurchases financial performance liquidity cash.\n 471934 authorized shares $ 1. 00 par value preferred stock none issued outstanding.\n board authorized fix designations rights preferences limitations issuance.\n.\n operates tracks results one segment six operating segments.\n designs develops manufactures markets integrated circuits.\n chief executive officer decision maker.\n economic characteristics criteria primary revenue sale integrated circuits.\n manufactured similar semiconductor processes-party.\n sells products thousands customers worldwide.\n products.\n2022 integrated circuits marketed sold globally direct distributors independent representatives website customers.\n similar financial model economic characteristics.\n causes variation financial performance life cycle price cost fluctuations competitors product"
}
{
    "_id": "dd4c5179e",
    "title": "",
    "text": "abiomed inc.\n subsidiaries financial statements 2014.\n commitments contingencies description company 2019s arrangements guarantor.\n indemnifies customers patent infringement products.\n indemnifications contracts limits.\n never incurred costs defend lawsuits settle patent infringement claims.\n enters agreements underwriters contractors clinical sites customers indemnification provisions.\n indemnifies holds harmless indemnified party losses.\n provisions survive termination.\n maximum future payments unlimited.\n incurred costs defend lawsuits settle claims.\n estimated fair value immaterial.\n no liabilities march 31 2012.\n clinical study agreements indemnify institutions losses personal injury subjects.\n indemnification provisions agreements include limits claims.\n never incurred material costs provisions.\ncompany rents danvers massachusetts facility expires february 28 2016.\n monthly rent rent november 2008 june 2010 $ 40000 july 2010 february 2014 $ 64350 march 2014 february 2016 $ 66000.\n terminate early termination fee.\n lease european headquarters aachen germany.\n payments 36000.\n $ 50000 31 2012 per month lease expires december 2012.\n 2008 33000 square foot manufacturing facility ireland.\n 25 years july 18 2008.\n relocated production equipment aachen vacated 2011.\n march 2011 terminated paid termination fee $ 0. 8 million early.\n rent expense leases $ 1. 6 million $ 2. 7 million $ 2. 2 million fiscal years 2010.\n future minimum lease payments leases.\nyear operating leases\n 2013 1473\n 2014 964\n 758\n lease payments $ 4218"
}
{
    "_id": "dd4b9b7f0",
    "title": "",
    "text": "changes december 31.\n january 42 -39 39 27 december 31 -45 42 40.\n.\n december 31.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\n.\nsan clemente dam costs 2019s utility subsidiary earthquake flood.\n june 2012 utilities commission reroute carmel river remove san clemente dam.\n utility subsidiary state conservancy national marine fisheries services.\n recovery"
}
{
    "_id": "dd4bea09e",
    "title": "",
    "text": "restrictive covenants 2017 credit facility senior unsecured notes include pay dividends investments incur indebtedness liens negative pledge agreements dispose assets compliance financial ratios indebtedness ebitda charges secured indebtedness unsecured indebtedness.\n dividend restriction default distributions common stock equity interests reit federal income tax.\n december 2016 compliance with covenants.\n junior subordinated deferrable interest debentures company issued $ 100. unsecured trust preferred securities.\n securities mature 2035 bear interest floating rate 125 points three-month libor.\n interest payments deferred eight quarters.\n securities redeemable option no prepayment premium.\n consolidate trust.\n debt balance sheets payments classified interest expense.\n risk exposed to changes rates from variable rate debt.\n exposure to interest rate fluctuations managed through derivative instru debt equity investments.\n hypothetical 100 point increase annual interest cost by $ 2. 7 lion joint venture annual interest cost $ 17.\n. $ 2. debt equity portfolio indexed to libor.\n derivatives at fair value.\n not adjusted to fair value.\n changes value offset against recog until.\n.\n long-term debt of $ 4. 3 bears interest at fixed rates fair value affected by changes market interest rates.\n variable rate debt joint venture debt bore interest libor plus 100 to 415 points.\nobligations maturities mortgages loans 2017 credit facility senior unsecured notes trust preferred securities joint venture debt extension put options estimated interest expense obligations capital lease ground leases december 2017.\n 2019 2020 2021 2022\n property mortgages loans $ 153593 $ 42289 703018 11656 208003 1656623 2775182\n facilities 90809\n revolving credit facility 40000\n unsecured term loans 1500000\n senior unsecured notes 250000\n trust preferred securities\n capital lease 2387 2411\n ground leases 31049 31436\n estimated interest expense 226815 218019 184376 155398\n200250 717682 223330 2119481\n 954903 1011467 1645259 1418997 7320946"
}
{
    "_id": "dd4bdcf70",
    "title": "",
    "text": "december 31 2012 liabilities unrecognized tax benefits material.\n subsidiaries file tax returns.\n federal foreign jurisdictions.\n statute limitations open.\n.\n income tax examinations 2010.\n.\n foreign earnings $ 222 million $ 211 million $ 193 million distributed.\n.\n reinvest earnings remittance.\n additional income taxes $ 50 million 2013 $ 45 million 2012 $ 41 million 2011.\n federal foreign income tax payments $ 787 million 2013 $ 890 million 2012 $ 722 million 2011.\n 2013 $ 550 million refund pension contributions $ 153 million refund 2011 capital loss $ 250 million refund.\n federal foreign taxes receivable $ 313 million $ 662 million assets tax-deductible pension contributions debt exchange transaction.\n long-term debt.\n\n rates 2. 13%. to 6. 15%. due 2016 to 2042 5642\n rates 7.%. to. 75%. 2016 to 2036\n rate 7. 38%. % due 2013\n long-term debt\n unamortized discounts\n current maturities\n issued notes $ 1. 3 billion fixed interest rate 4. 07%. % 2042 $ 1. 2 billion interest rates 5. 50%. to 8. 50%. 2023 to 2040 old.\n paid premium $ 393 million $ 225 million cash $ 168 million new notes.\n $ 194 million unamortized discounts amortized additional interest new.\n redeem new notes principal make-whole premium accrued unpaid interest.\n notes payable june 15 december 15 2013.\nnew notes unsecured senior obligations indebtedness.\n 2011 issued $ 2. billion long-term notes october proceeds $ 500 million notes 2013.\n repurchased $ 84 million.\n paid premiums $ 48 million early extinguishments debt non-operating income.\n december 31 2013 $ 1. 5 billion credit facility expires august 2016.\n increase facility $ 500 million.\n no borrowings december 31 2013.\n borrowings unsecured interest eurodollar base.\n obligation loans"
}
{
    "_id": "dd4c091f6",
    "title": "",
    "text": "liabilities entities represent additional claims on assets.\n creditors have claims on assets variable interest entities.\n company future payments unconditional purchase obligations.\n unconditional purchase obligation arrangements entered product.\n capital lease debt obligations totaled $ 3. 5 billion at recognized liabilities in consolidated balance sheet.\n operating lease obligations unconditional purchase obligations totaled $ 1. 7 billion not recognized liabilities balance sheet.\n summary contractual obligations at end fiscal 2008.\n contractual obligations less than 1 year 1-3 years 3-5 years 5 years\n long-term debt $ 3531. 15. 521. 751. 2242.\n lease obligations 514. 89. 148. 106. 170.\n purchase obligations 1199. 1078. 104.16. 3. 7\n $ 5245. 9 $ 1183. $ 773. $ 875. $ 2414.\n purchase obligations reflect $ 374 million open purchase orders not legally binding.\n settlable less one year.\n company obligated pay interest long-term debt obligations.\n average interest rate 7. 2%.\n consolidates assets liabilities aircraft.\n variable interest primary beneficiary.\n include $ 54 million liabilities creditors.\n debt additional claims assets.\n creditors claims entities.\n obligated rental payments $ 67 million variable interest entities $ 7 million due less than one year $ 13 million one to three years $ 47 million three to five years.\n not reflected table.\n arrangements future cash payments.\n commercial commitments not recognized as liabilities"
}
{
    "_id": "dd4ba75b4",
    "title": "",
    "text": "foodservice sales volumes increased 2012.\n margins higher price increases.\n raw material costs board resins.\n operating distribution costs higher.\n.\n shorewood business sold non.\n january paperboard sales volumes increase.\n price lower product mix.\n costs higher energy wood.\n no outages.\n shutdown coated paperboard machine augusta mill 140000 tons.\n sales volumes.\n margins decrease price decreases.\n input costs board resin operating costs.\n packaging sales 2012 $ 380 million 2011.\n operating profits $ 99 million.\n sales volumes.\n price higher lower european.\n costs decreased maintenance downtime costs lower.\n 2013 sales volumes decrease russia.\n price higher.\n costs increase wood chemicals.\n no maintenance outages.\n packaging sales $ 830 million 2012 855 2011 705 2010.\nprofits 2012 $ 4 million 35 million 2011 34 million 2010.\n sales volumes increased new coated paperboard machine.\n sales price lower offset input costs.\n start-up costs profits.\n first quarter 2013 sales volumes increase.\n folding carton board bristols board lower pressures weaker market demand.\n input costs higher pulp chemicals.\n ramp-up paperboard machine lower.\n north leading business-to-business manufacturers facility managers printers customized solutions efficiency reduce costs results.\n demand sensitive economic.\n margins stable.\n best value factor.\n efficient customer service cost-effective logis working capital management.\n.\n sales\n profit sales decreased 9 % 2011 10% 10 % 2010.\n profits $ 22 million $ 71 million $ 34 million 2011 $ 78 million 2010.\nprinting papers graphic arts supplies $ 3. 5 billion 2012 $ 4. 2010 declining demand exiting unprofitable businesses.\n trade margins even.\n revenue packaging $ 1. 6 billion.\n aging margins increased 2012 sourcing initiatives.\n revenue $ 0. 9 billion.\n profits $ 49 million reorganization costs-downs"
}
{
    "_id": "dd4bdbf80",
    "title": "",
    "text": "host hotels resorts. subsidiaries financial statements 2014 cash paid income taxes refunds $ 40 million $ 15 million $ 9 million 2017 2016 2015.\n reconciliation unrecognized tax benefits millions.\n balance january 1 $ 11\n december 31\n uncertain tax amounts impact reconciliation income tax provision.\n federal income tax rate 35% 35 % 21% 21 % ) 2018 actual income tax provision.\n 2014-2017.\n no material interest penalties december 31 2017 2016 2015.\n.\n hotels wholly owned subsidiary federal income tax restrictions.\n december 31 2017 26 hotels leases multiple renewal options operating leases.\n rent increases lease expense term.\n contingent rentals sales stipulated.\n leases facilities former restaurant business.\nleases subleases contain renewal options five- ten-year periods.\n restaurant leases operating.\n contingent liability $ 9 million december 31 2017.\n material funding.\n leasing activity includes computer vehicles telephone.\n leases operating capital leases.\n capital furniture equipment depreciated.\n amortization expense depreciation."
}
{
    "_id": "dd4c3b1d8",
    "title": "",
    "text": "morgan stanley financial statements 2014 senior debt securities denominated non.\n dollar currencies return equity credit commodity.\n debt callable extendible option holders.\n extend $ 2902 million december 31 2015 $ 2175 million 31 2014.\n purchasers repurchase.\n aggregated value $ 650 million december 31 2015 $ 551 million 2014.\n subordinated debt junior debentures issued capital requirements.\n dollar denominated.\n 2015 morgan stanley capital trusts vii redeemed 6. 60%. capital securities redeemed junior subordinated debentures.\n.\n index-linked equity credit-linked borrowings instruments payments redemption linked performance index. equity.\n swap contracts options borrowing costs floating rates libor.\n carries structured borrowings fair value.\nswaps purchased options hedge derivatives carried fair value.\n changes reported trading revenues.\n note 3 structured borrowings.\n subordinated debt junior debentures.\n long-term borrowings notes $ 10404 million coupon 4. 45%. 45 % december 2015 $ 8339 million 4. 57%. 57 % ) 2014.\n junior debentures $ 2870 million 2015 coupon 6. 22%. 22 % $ 4868 million 2014 6. 37%. 37 % ).\n maturities 2022 to 2067 2052.\n.\n assets financed deposits short-term funding floating rate debt.\n.\n interest rate swaps match borrowings duration characteristics manage risk.\n convert fixed rate borrowings floating rate obligations.\n non.\n currency borrowings currency swaps.\n obligations.\nswaps borrowing rate.\n.\n average long-term borrowings-end. 0%. 0 %. 2%. 2 %. 4%. 4 %\n borrowing rate borrowings swaps. 1%. 1 %. 3%. 3 %. 2%. 2 %"
}
{
    "_id": "dd4c0c5ea",
    "title": "",
    "text": ".\n sales price uncoated freesheet paper decreased weak economic market demand.\n increased masked currency depreciation.\n.\n input costs higher wood offset lower chemical costs.\n maintenance downtime costs $ 11 million lower 2014.\n manufacturing operating costs.\n sales volumes weaker flat.\n price steady.\n input costs lower oil offset higher chemicals.\n indian papers sales $ 178 million 2014 $.\n profits $ 8 million $ 145 million.\n sales price realizations improved 2014 price increases.\n economic.\n input costs higher.\n operating costs maintenance lower.\n sales volumes seasonally higher.\n price competitive pressures.\n asian printing papers sales $ 59 million 2014 $ 90 million 2013 $ 85 million 2012.\n operating profits $ 0 million 2014 $ 1 million 2013.\n.\npulp sales $ 895 million 2014 $ 815 million 2013 725 million 2012.\n profits $ 57 million 2014 2 loss $ 59 million 2012.\n sales volumes increased fluff market pulp improved demand.\n sales price fluff.\n costs.\n operating costs maintenance downtime costs $ 1 million higher.\n sales volumes 2015 decrease market pulp higher fluff pulp.\n sales price stable.\n input costs.\n maintenance downtime costs $ 13 million higher 2014.\n demand spending economic activity.\n raw material energy costs freight costs manufacturing efficiency product mix.\n sales decreased 1% increased 7% 2012.\n operating profits increased 11% decreased 34%.\n operating profits 11% lower 2013 30% lower 2012.\n lower sales volumes higher operating costs maintenance downtime input costs other costs 7.\nprofits 2014 8 million plant closures 2013 $ 45 million shutdown paper machine augusta mill $ 2 million sale shorewood business.\n packaging.\n 3403\n packaging sales $ 2. billion 2014. 2013. 2012.\n profits $ 92 million 100 plant closure 2014 63 million shutdown 2013 165 million.\n coated paperboard sales volumes 2014 lower 2013 weaker market demand.\n 41000 tons downtime 2014 24000 tons 2013.\n sales price realizations increased"
}
{
    "_id": "dd4b9fe5e",
    "title": "",
    "text": "average value options 2010 2009 2008 $ 7. 84 $ 7. 18 $ 3. 84  black-scholes option pricing model.\n risk free interest rate. 1%\n. 6%\n dividend yield. 7%\n life.\n december 31 2010 2009 unrecognized compensation cost non-vested stock awards $ 129. 3 million $ 93. 5 million pre-tax income. 7 years.\n granted. 5 million restricted stock awards prices $ 25. to $ 28.\n annually three years.\n granted. 9 million performance restricted stock units.\n maximum achievable revenue ebitda goals 2012.\n granted. 5 million shares $ 22. 55 annually 3 years.\n 2009. 4 million units $ 24. 85 per share six months.\n 2008.4 million shares restricted stock $ 38. 75 2 years.\n 2008. 2 million canceled assumed.\n remaining unvested converted 1. 7952.\n vested october 1 2009 metavante acquisition.\n october 27 granted. 8 million shares $ 14. 35 annually 3 years.\n december 31 2. million. 4 million unvested.\n. 6 million not vested.\n repurchase 25 2006 repurchases $ 200. million.\n 17 2008 $ 250. million.\n repurchased. million shares $ 226. million average $ 38. 97 31 2008.\n repurchased. million $ 10. million average price $ 40.\n repurchased. 6 million shares average $ 49.\n 4 2010 repurchases 15. million shares privately january 31 2013.\n repurchased.4 million shares common stock $ 32. 2 million average price $ 22. 97 2010.\n no repurchased.\n 13. 6 million shares repurchase.\n may 25 authorized recapitalization repurchase $ 2. 5 billion $ 29. share auction.\n commenced july 6 2010 expired august 3 2010.\n oversubscribed $ 29. 00 purchase 86. 2 million shares 6. 4 million unexercised options.\n repurchased shares added treasury stock.\n services.\n statements 2014"
}
{
    "_id": "dd4bc9326",
    "title": "",
    "text": "list distribution locations square footage leased owned.\n footage\n frankfort new york 924000\n franklin kentucky 833000\n pendleton indiana 764000\n macon georgia\n waco texas 666000\n casa grande arizona\n hagerstown maryland 482000\n waverly nebraska 592000\n seguin texas\n lakewood washington\n longview texas\n frankfort center merchandise 2018 shipping quarter 2019.\n leased center hagerstown extension not.\n mixing center high-volume bulk products.\n store support center 260000 square feet brentwood tennessee merchandising center 32000 square feet nashville tennessee.\n 8000 square feet petsense headquarters arizona.\n.\n litigation.\ncompany believes estimated loss accrued liabilities.\n expects resolved effect financial position cash flows.\n.\n mine safety disclosures applicable."
}
{
    "_id": "dd4c4af66",
    "title": "",
    "text": "maturities december 31 2006.\n 2007 $ 2. 6\n.\n 2009 257.\n 2010 240.\n 2011 500.\n 1247.\n long-term debt $ 2251.\n holders $ 400. notes repurchase. cash march 2008.\n mature 2023.\n 2005 redeemed 7. 875% unsecured notes principal amount $ 250. cost $ 258. accrued interest prepayment penalty $ 1.\n proceeds sale 2005 $ 250. notes 2008.\n exchanged $ 250. $ 250. 2010.\n mature november 15 2010 interest three-month libor 200 points 125 less old.\n early participation payment $ 41. $ 1000 total payment $ 10. 3.\n eitf issue.\n96-19 debtor modification exchange debt instruments transaction exchange present remaining cash flows different new instrument.\n new floating rate notes reflected balance sheet $ 10. 3 early participation payment amortized discount recorded interest expense.\n direct fees exchange $ 3. 5 interest expense.\n 4. 25%. 25 %. 50 % convertible notes 2006 exchanged $ 400. 4. convertible notes 2023. $ 400.\n exchange extinguishment 4. 50%. issuance 4. 25%. % present remaining cash flows fair value conversion option different new instrument.\n 4. notes reflected consolidated balance sheet fair value issuance $ 477. 0.\n non-cash charge fourth quarter 2006 $ 77. 0 difference new old debt.\n amortized through march 15 2012 holders repurchase 4. 25%.25 % notes interest expense future.\n recorded non-cash charge $ 3. 8 unamortized debt costs exchanged 4. 50%. notes.\n. convertible common stock $ 12. 42 per share subject adjustment cash dividends.\n conversion rate adjustment stock splits combinations dividends cash dividends actions capital notes consolidated financial statements 2014 amounts millions share"
}
{
    "_id": "dd4bb3648",
    "title": "",
    "text": "financial instruments current assets liabilities approximate carrying amounts.\n non-current assets liabilities derivatives table.\n 2005 carrying amount\n notes long-term assets $ 1374 $ 1412 1702 1770\n long-term debt liabilities $ 1636 1685 $ $ 875\n derivative instruments $ 6\n value notes receivables future cash flows-adjusted rates.\n long-term debt liabilities market prices future payments.\n interest rate swap agreement floating fixed rate.\n receivable floating.\n $ 92 million matures 2010.\n fair value hedge.\n.\n change value recognized interest income.\n $ 1 million asset year-end 2005 $ 3 million liability year-end 2004.\n hedge effective no net gain loss 2005 2004 2003.\n2005 two interest rate swap agreements.\n series f notes c e g notes.\n swaps cash flow hedges.\n 133 terminated pricing.\n effective fluctuations.\n.\n no net gain loss earnings 2005.\n net loss $ 2 million amortized interest expense.\n year-end six interest rate swap agreements risk residual timeshare sales.\n excess spread.\n swaps $ 380 million expire 2022.\n not accounted hedges.\n.\n net asset $ 5 million year-end 2005 $ 3 million 2004.\n $ 2 million net gain 2005 2004 $ 3 million net gain 2003.\n swaps risk timeshare note sales.\n one swap cash flow hedge.\n effective interest rate fluctuations.\n.\n second swap qualify hedge accounting.\nnon-qualifying swaps $ 3 million 2005 gain $ 2 million 2004 loss $ 4 million 2003.\n gains timeshare notes.\n foreign exchange contracts exposure.\n dollar equivalent $ 544 million 2005.\n qualify hedges.\n.\n $ 2 million 2005 2004.\n $ 26 million gain 2005 $ 3 million $ 2 million net loss 2004 2003.\n gains losses offset by translating assets.\n dollars.\n 2005 2004 2003 foreign exchange contracts volatility.\n dollar equivalent $ 27 million-end 2005.\n less one year cash flow hedges.\n values.\n fair value zero year-end 2005 2004.\n derivatives.\n hedge discontinued loss $ 1 million 2004.\n remaining hedges no net gain loss 2005 2004 2003.\nyear-end 2005 no deferred gains losses on contracts earnings.\n entered foreign exchange contracts manage currency exchange rate volatility.\n one contract hedge.\n.\n $ 1 million net loss translation adjustment 2005.\n contracts hedges.\n gain $ 3 million 2005.\n contracts offset losses translation adjustments.\n contracts dollar equivalent $ 229 million fair value zero year-end 2005.\n lenders hotel owners long-term management contracts.\n guarantees maximum funding term five years or less.\n guarantees lenders fund cash flows inadequate debt repay loan.\n hotel owners fund hotels attain levels.\n"
}
{
    "_id": "dd4c14862",
    "title": "",
    "text": "altria release tuesday february 27 2018 10:00pm design llc verdicts appealed risk relief cases.\n reduced 47 states puerto rico limit dollar bonds require no bond.\n tobacco plaintiffs challenged florida bond cap statute challenge state bond cap statutes other jurisdictions.\n applicability state bond caps federal court.\n states repeal alter bond cap statutes legislation.\n altria group.\n outcome results operations cash flows financial position altria group. subsidiaries affected unfavorable outcome.\n altria group.\n subsidiaries record provisions financial statements unfavorable outcome probable loss.\n.\n management loss unable estimate loss provided amounts financial statements unfavorable outcomes.\n litigation defense costs expensed.\n group.\n subsidiaries success managing litigation.\nsubject uncertainty challenges.\n possible consolidated results operations cash flows financial position altria group . subsidiaries affected by unfavorable outcome settlement litigation.\n altria group.\n subsidiaries believe valid defenses bases for appeal adverse verdicts.\n defended against litigation challenges.\n altria group.\n subsidiaries may enter settlement discussions best interests.\n.\n.\npm usa tobacco litigation types claims tobacco smoking health cases personal injury personal injury court-supervised programs claims health care cost recovery cases governmental plaintiffs reimbursement care expenditures cigarette smoking disgorgement profits class action suits 201clights 201d lights deceptive unfair trade practices fraud unjust enrichment breach warranty violations racketeer organizations act other tobacco-related litigation.\n recovery defenses smoking recovery 201clights lights 201d cases.\n table lists tobacco-related cases states pm usa altria group.\n december 31 2017 2016.\n smoking health cases\n health class actions aggregated claims litigation\n health care cost recovery actions\n 201clights/ultra lights 201d class actions\ninclude 2414 cases flight attendants damages injuries tobacco smoke.\n attendants ets smoking health class action florida settled 1997.\n lawsuits prohibited punitive damages.\n smoking health cases florida state federal courts decertification engle case.\n includes 30 civil actions trials west virginia.\n pm usa defendant nine cases.\n parties agreed resolve immaterial amount.\n health care cost recovery litigation.\n pm usa defendant 10 health care cost recovery actions canada altria group.\n.\n.\n defendants seven smoking health class actions canadian provinces.\n distribution agreement altria group.\n indemnities liabilities tobacco products."
}
{
    "_id": "dd4b9362c",
    "title": "",
    "text": ". financial services group.\n consolidated financial statements.\n commitments contingencies future lease commitments december 31 2016 operating leases.\n 42\n 2018 35\n 2019 28\n 2020\n 2021\n minimum lease payments $ 163\n future sublease income $ 2 2017 2018 2019 2020 2021.\n lease commitments office space automobiles office equipment.\n unfunded commitments december 31 2016 outstanding commitments $ 1. 6 billion $ 1. 2 billion partnership alternative investments investments expenses.\n $ 313 commitments private placement securities.\n $ 95 mortgage loans first half 2017.\n guaranty funds insurance assessments insurers guaranty fund.\n insolvency guaranty funds assess claims.\n assessments premiums.\n one two percent premiums.\nstates permit insurers recover assessments surcharges premium tax offsets permit recovery rate filing.\n liabilities guaranty insurance-related assessments accrued when probable estimated obligating occurred.\n not discounted included consolidated balance sheets.\n december 31 2016 2015 liability balance was $ 134 $ 138 .\n premium tax offsets $ 34 $ 44  included in assets.\n derivative commitments derivative agreements tied financial strength ratings legal entity.\n below counterparties demand collateralization settlement derivative positions.\n settlement amount determined by derivative positions.\n termination costs.\n aggregate fair value of derivative instruments-risk net liability december 31 2016 was $ 1. 4 billion.\n. legal entities posted collateral $ 1. 7 billion.\ncompany posted collateral $ 31 customized gmwb derivative.\n december 31 2016 downgrade one level below financial strength ratings s&p additional assets collateral.\n downgrade two levels below ratings additional $ 10 assets collateral.\n collateral amounts could change market values hedging activities contractual terms.\n collateral.\n treasury bills.\n treasury notes government agency securities.\n company agreed to indemnify purchasers for losses breaches representations warranties covenants obligations.\n obligations subject to time limitations.\n obligation subject contractual limitations not.\n company expect payments on guarantees not carrying liabilities."
}
{
    "_id": "dd4c57946",
    "title": "",
    "text": "duke realty corporation annual report 2012 credit.\n liquidity non-strategic properties market could impact.\n transactions with unconsolidated entities provide liquidity.\n sell properties receive proceeds.\n unconsolidated entities obtain debt financing distribute proceeds.\n property investment leasing/capital costs dividends distributions long-term debt maturities repurchases debt stock contractual obligations.\n asset repositioning strategy industrial medical office properties reducing suburban.\n tenant improvements $ 26643 $ 50079 $ 36676\n leasing costs 31059 38130 39090\n building improvements 6182 11055\n $ 63884 $ 99264 $ 88723\n.\n evaluate development acquisition opportunities market outlook economic conditions supply long-term growth potential.\nfuture property investments acquisition development opportunities liquidity issuances debt equity securities generating cash flow disposing properties.\n leasing costs tenant improvements leasing commissions first generation expenditures.\n real estate deferred leasing costs.\n tenant improvements leasing costs rental space second generation expenditures.\n building improvements second generation expenditures.\n liquidity second generation leasing expenditures.\n reduced expenditures in 2012 repositioning investment office properties.\n summary second generation capital expenditures by"
}
{
    "_id": "dd4bc93f8",
    "title": "",
    "text": "ireland.\n holdings everest dublin holdings insurance conduct business subject to taxation.\n.\n annual reports 10-k quarterly 10-q current reports 8-k proxy statements amendments available internet website http://www. everestre. com filed securities exchange commission.\n 1a.\n risk factors investment securities.\n business financial condition results operations trading price common shares decline.\n business fluctuations financial markets investment losses.\n disruptions public debt equity markets losses.\n financial markets improved could deteriorate.\n disruption market sectors.\n declines financial markets losses results operations equity business insurer financial strength debt ratings.\n results by catastrophic events.\n exposed to events acts terrorism.\n reduction operating results dividends meet interest principal obligations.\npast five years pre-tax catastrophe losses reinsurance.\n millions\n 2018 1800. 2\n 2017 1472. 6\n 2016 301.\n 2015 53. 8\n 2014 56.\n losses future catastrophic events exceed projections.\n strategic underwriting.\n estimate catastrophe losses retrocessional coverage.\n projections approximations losses exceed projections adverse effect financial condition results operations."
}
{
    "_id": "dd4c56e56",
    "title": "",
    "text": "fair value borrowings credit agreement receivables facility level 2 determined inputs interest rates recent financing transactions.\n estimated value upfront cash payment december 31 2016.\n fair value notes level 1 determined market inputs active market.\n euro notes level 2.\n.\n leases noncancelable office space warehouse distribution facilities trucks equipment.\n future minimum lease commitments december 31 2016 years.\n 2017 200450\n 2018\n 2019\n 2020\n 2021\n payments $ 1184594\n rental expense leases $ 211. 5 million $ 168. 4 million $ 148. 5 million 2016 2015 2014.\n guarantee residual values truck equipment leases.\n original cost.\n value responsible shortfall.\n realizes more residual paid realized over residual value.\nterminated operating leases december 31 2016 guaranteed residual value $ 59. 0 million.\n not recorded liability guaranteed residual value recovery approximate residual value.\n litigation subject environmental pollution control laws regulations.\n resolution affect financial position results cash flows."
}
{
    "_id": "dd4970318",
    "title": "",
    "text": "millions 2010 2009 2008.\n cash operating activities $ 3547 $ 3173 $ 4421\n investing -319 -907\n financing -3363 -1476 -3938\n increased $ 374 million $ 3547 million 2010.\n increase working capital balances $ 570 million $ 187 million lower income tax payments.\n reduction cash $ 350 million defined benefit pension plan.\n increased contributions pension trust $ 758 million offset increase costs contracts.\n capital receivables inventories accounts payable customer advances costs.\n improvement decline receivable balances increase customer advances.\n offset decline accounts payable balances.\n higher collections electronic systems is&gs space systems.\n increase customer advances costs government commercial satellite programs space mobility offset decrease electronic systems.\ndecrease accounts payable timing.\n net cash decreased $ 1248 million $ 3173 million 2009.\n contributions defined benefit pension plan $ 1373 million increase operating working capital $ 147 million.\n lower income tax payments $ 319 million.\n decline cash due growth receivables increase inventories aircraft offset customer advances government satellite programs timing.\n expenditures facilities infrastructure equipment.\n.\n $ 820 million 2010 $ 852 million 2009 $ 926 million 2008.\n operating cash flows annual capital expenditures.\n acquisitions divestitures.\n $ 148 million investments.\n paid $ 435 million 2009 $ 233 million 2008.\n proceeds $ 798 million sale eig $ 17 million costs.\n no material divestiture activities.\n increased short-term investments $ 171 million $ 279 million 2009.\nfinancing share activity dividends 2009 2008 repurchased 33. 24. 29. common stock $ 2483 million $ 1851 million $ 2931 million.\n 2010. million $ 63 million paid january 2011.\n october approved new repurchase program $ 3. billion.\n timing.\n repurchased 11. 2 million shares $ 776 million december 31 $ 2224 million additional repurchases.\n terminated previous repurchase program.\n cash option exercises 2010 2009 2008 $ 59 million $ 40 million $ 250 million.\n 1. 4 million. million."
}
{
    "_id": "dd4bb05e2",
    "title": "",
    "text": "american tower corporation subsidiaries financial statements 2014 restructuring assets spin-off american radio systems.\n 2003 federal state operating loss carryforwards future taxable income $ 0. 9 billion $ 1. 5 billion.\n loss carryforwards expire.\n december\n 2004 to 2008 $ 1451 483578\n 2009 2013 12234\n 2014 2018\n 2019 to 2023\n $ 926886 $ 1513972\n.\n valuation allowance deferred tax assets. provided valuation allowance $ 156. 7 million state deferred tax assets capital loss carryforwards lost tax benefit costs refund.\n remaining net deferred tax assets federal operating loss carryforwards twenty-year.\n intends recover deferred tax asset tax refund claims 2003 tax planning strategy.\nrecoverability remaining net deferred tax asset assessed stable projections.\n show decrease depreciation interest expense later years assets depreciated first years debt repayments reducing interest expense.\n recoverability not dependent on improvements operations asset sales non-routine transactions.\n future management believes realized.\n $ 1. 0 billion taxable income january 2004 to december 31 2023.\n income reduce deferred tax asset income tax expense decrease 2019 equity.\n bankruptcy may worthless stock bad debt deduction.\n no income tax benefit uncertainty bankruptcy proceedings.\n.\n authorized to issue 20. million shares. stock.\n no preferred shares issued outstanding."
}
{
    "_id": "dd4b9ed6a",
    "title": "",
    "text": "devices inc.\n financial statements 2014 depreciation expense property plant equipment $ 134. 5 million $ 130. 1 million $ 114. 1 million 2016 2015 2014.\n reviews property equipment for impairment.\n recoverability determined future undiscounted cash flows.\n impaired earnings equals carrying value fair value quoted market price discounted cash flow.\n not impaired useful lives decreased remaining net book value depreciated over revised useful life.\n material impairment charges property plant equipment 2016 2015 2014.\n.\n evaluates impairment annually.\n tests goodwill for impairment reporting unit level fourth quarter.\n annual impairment assessment 2016 reporting units seven operating segments.\n test two-step process.\n fair values reporting units carrying values.\n fair value income market approaches.\nincome approach company uses discounted cash flow methodology estimates assumptions forecasted revenues gross profit margins operating income margins working capital cash flow growth rates long-term discount rates.\n market approach uses guideline public company method.\n utilizes information comparable traded companies valuation multiples performance fair values.\n reconciles fair values market capitalization control premium.\n carrying amount unit exceeds fair value performs second step goodwill impairment test impairment loss.\n implied fair value carrying value.\n no impairment.\n next annual impairment assessment first fourth quarter fiscal year october 28 2017.\n changes goodwill 2016 2015.\n balance beginning year $ 1636526 $ 1642438\n acquisition hittite\n goodwill adjustment other acquisitions\ncurrency translation adjustment -1456 ( 1456 -8470\n balance end year $ 1679116 $ 1636526\n fiscal 2015 changes goodwill acquisition acquisition.\n 2 goodwill other acquisitions not material.\n reviews impairment value.\n carrying value future undiscounted cash flows"
}
{
    "_id": "dd49889a4",
    "title": "",
    "text": "goodwill represents excess solexa purchase price over assets acquired less liabilities assumed.\n believes acquisition solexa benefits increased market presence opportunities.\n combination growth revenue earnings stockholder return.\n solexa technology complementary to portfolio products services capabilities customers develop additional technologies.\n integrating solexa capabilities emerging biomarker research development in-vitro molecular diag- nostic markets.\n revenue from products shipped acquisition first quarter 2007.\n operating efficiencies.\n combination economies of scale cost savings.\n support goodwill purchase price solexa acquired assets in-process research development.\n unaudited information shows results operations reporting periods year ended december 30 31.\n 2006\n revenue $ 366854 $ 187103\n net income loss $ 17388 -38957\n loss per share.\n.\npro forma results comparative not indicative actual.\n exclude $ 303. 4 million non-cash ipr&d charge quarter 2007.\n november 12 2006 securities purchase agreement invested $ 50 million 5154639 shares.\n investment valued $ 67. 8 million december 31 2006 market value $ 13. 15 per share.\n investment eliminated merger january 26 2007.\n.\n financial statements 2014"
}
{
    "_id": "dd4b94ff4",
    "title": "",
    "text": "2017 form 10-k reconciliation unrecognized tax benefits.\n years.\n 2017 2016\n balance january 1 $ 1032 $ 968\n prior\n reductions\n reductions\n expiration statute limitations -4\n balance december 31, $ 1286 $ 1032\n tax rate $ 1209 $ 963\n foreign currency impacts.\n cash payment reduction settle liability.\n interest penalties.\n net provision interest penalties $ 38 million $ 34 million $ 20 million december 31 2017 2016 2015.\n total interest penalties $ 157 million $ 120 million 2016.\n january 31 2018 revenue agent report end field examination.\n income tax returns 2010 2012.\naudits 2007 2012 loss carryback 2005 irs proposed tax profits transactions csarl doctrines.\n contesting proposed increases tax penalties $ 2. 3 billion.\n transactions complied tax laws violate doctrines.\n filed.\n income tax returns after 2012.\n increase unrecognized tax benefits next 12 months.\n disposition financial position liquidity results operations.\n loss carryback 2005 tax years prior 2007 subject.\n tax assessment.\n.\n jurisdictions australia. tax years three ten years.\n uncertainty timing estimate change unrecognized tax benefits next 12."
}
{
    "_id": "dd4ba90f8",
    "title": "",
    "text": "is&gs 2019 net sales decreased $ 540 million 5%.\n lower volume $ 665 million absence dris program.\n decline jtrs program.\n offset increased net sales.\n operating profit increased $ 60 million 7%.\n $ 180 million volume retirement risks absence reserves programs odin.\n increases offset dris program decline jtrs program $ 120 million.\n $ 130 million higher 2011.\n decreased 2012 completion programs odin.\n.\n decrease backlog declining activities jtrs program smaller programs.\n net sales decline 2013 downturn federal information technology budgets.\n operating profit 2013 margins comparable 2012.\n missiles fire control provides air missile defense systems tactical missiles air-to-ground weapon systems fire control systems mission operations logistics manned unmanned ground vehicles.\nprograms include pac-3 thaad multiple launch rocket system hellfire javelin air-surface standoff missile apache fire control system sniper ae altitude navigation infrared sof clss.\n operating results.\n 2011\n net sales $ 7457 $ 6930\n profit\n operating margins. 8%. 3%.\n backlog year-end\n net sales.\n decreased $ 130 million lower volume risk retirements services $ 60 million.\n offset higher sales $ 95 million tactical missile $ 80 million missile defense.\n operating profit increased $ 187 million 17% compared 2011.\n higher risk retirements volume $ 95 million tactical missile $ 60 million defense 45 million contractual matters.\n lower risk retirements volume $ 25 million services.\nnet profit booking rate $ 145 million higher 2012."
}
{
    "_id": "dd4c5f290",
    "title": "",
    "text": "united parcel service.\n subsidiaries financial statements class b common stock quarterly.\n employees purchased. 8 million shares $ 64. 66. $ 64. 54 per share 2007 2006 2005.\n compensation cost 2019 purchase rights discounted stock plan black-scholes option pricing model.\n weighted average assumptions fair value.\n dividend yield. 13%. 79%. 62%.\n risk-free interest rate. 60%. 59%. 84%.\n.\n volatility. 26%. 92% 46%.\n average fair value purchase rights $ 9. 80\n 10% discount market price.\n volatilities historical price publicly-traded b shares.\n dividend yield historical dividend yields.\n risk-free interest rate.\n treasury securities option.\n three month option period purchase rights.\n.\n operations segments..\n domestic international package supply chain freight.\n business regional operations.\n operations managers for domestic export operations.\n.\n delivery letters documents packages.\n 200 countries territories outside.\n international package asia americas.\n supply chain freight forwarding logistics ups freight business units.\n forwarding logistics 175 countries territories supply chain design management freight distribution customs brokerage mail consulting services.\n ups freight ltl services north america.\n business units mail boxes.\n.\n capital."
}
{
    "_id": "dd4c0d9f4",
    "title": "",
    "text": "table includes citigroup 2019s obligations short long-term liquidity capital needs.\n payments obligations by.\n maturity profile long-term debt operating leases liabilities.\n capital lease obligations purchase obligations.\n enforceable legally binding.\n termination date.\n agreements cancel not included unless.\n liabilities include obligations goods services received settlements uncertain tax positions long-term liabilities incurred paid cash.\n excluded obligations short term deposit liabilities securities sold under agreements repurchase.\n excludes insurance investment contracts mortality morbidity risks without defined maturities.\n liabilities included as policy claims reserves contractholder funds accounts.\n funding policy pension plans minimum amounts required.\n december 31 2008 no minimum required contributions planned for.\n pension plans.\nno amounts included future contributions.\n pension plans.\n.\n discretionary contributions 2009 $ 167 million included in purchase obligations.\n estimated pension plan contributions subject change market performance regulatory legal requirements funding policy.\n retirement obligations note 9 financial statements page 144.\n 2009 2010 2011 2012 2013\n long-term debt obligations $ 88472 $ 41431 $ 42112 27999 25955 133624\n operating lease obligations 1470\n purchase obligations 2214\n liabilities consolidated balance sheet\n $ 130377 $ 44301 $ 43981 $ 29489 $ 27310 $ 141548\n-term debt note 20 financial statements page 169.\n accounts payable accrued expenses.\n litigation settlements."
}
{
    "_id": "dd4bf81e4",
    "title": "",
    "text": "obligations 2015 2016 2018 2019\n long-term obligations capital leases 888810 753045 700608 1787451 3159286 7188751 14477951\n cash interest 550000 517000 485000\n capital lease payments 15589 173313\n debt service obligations 1454399 1284094 1198513 2198907 3485046 8016064 17637023\n operating lease payments 574438 553864 538405 502847 4214600\n non-current liabilities 11082 20480 1860071 1915435\n 2039919 1858438 1742623 2731852 3992079 14090735 26455646\n march 15.\n.\n $. billion secured notes. repaid august 2014.\n june 15 2016.\n towers.\nbr towers debenture amortizes october 2023.\n credit facility january 15 assumed unison acquisition repayment april 2017 2020 final maturity april 15 2040.\n denominated mxn.\n amortizes march 31 2020.\n cop april 24 2021.\n balances owed joint venture partners ghana uganda.\n ghana loan ghs uganda loan usd.\n february 11 2015 redeemed outstanding 4. notes.\n non-cancellable initial terms renewal periods loss revenues.\n asset retirement obligations excludes non liabilities straight-line rent liability unearned revenue.\n excludes $ 26. 6 million unrecognized tax positions $ 24. 9 million accrued income tax interest penalties.\n cash flows.\n unrecognized tax benefits change.\nuncertainty audit settlements estimate impact tax positions.\n-balance arrangements.\n no off-balance arrangements item 303 regulation.\n.\n variability interest debt colombia south africa.\n cash flow hedges amount $ 79. 9 million interest rates 5. 74%. 7. 83%. expiration dates april 2021.\n 2014 repaid costa rica loan terminated interest rate swap agreements.\n 2014 terminated pre-existing interest rate"
}
{
    "_id": "dd49827d4",
    "title": "",
    "text": "aes corporation financial statements 2014 31 2016 2015 reconciliation unrecognized tax benefits millions.\n december 2016 2015\n balance january 1 $ 373  $ 394  $ 392\n additions current year tax positions\n additions prior years\n reductions -1 1 -7 -2 2\n foreign currency translation -3 3\n settlements -13 13 -2 2\n lapse statute limitations -7\n balance december 31 $ 369 $ 373  $ 394\n company subsidiaries examination taxing authorities years.\n assesses outcome unrecognized tax benefit.\n difficult predict outcome tax accrued tax benefits.\n audit outcomes events unrecognized tax benefits uncertainty.\n examinations exceed provision unrecognized tax benefits december 31 2016.\ntax rate net income.\n.\n discontinued operations brazil distribution portfolio evaluation management strategic shift distribution companies aes sul eletropaulo.\n disposal sul october 2016.\n eletropaulo restructuring liquidity.\n strategic options eletropaulo reduce exposure listing shares novo mercado.\n agreement sale-owned subsidiary aes sul june 2016.\n results financial position.\n after tax loss $ 382 million pretax impairment charge $ 783 million offset tax benefit $ 266 million $ 135 million deferred taxes.\n carrying value asset group $ 1. 6 billion greater fair value less costs sell.\n impairment charge limited assets.\n sale received final proceeds less costs $ 484 million.\n additional after- tax loss sale $ 737 million.\n cumulative impact earnings $ 1.billion.\n reclassification $ 1 billion translation losses net reduction equity $ 92 million.\n pretax loss 2016 2015 $ 1. 4 billion $ 32 million.\n pretax gain 2014 $ 133 million.\n discontinued operations brazil sbu segment.\n accounting policies july 1 2014 adopted.\n 2014-08.\n discontinued operations.\n cameroon saurashtra.\n wind projects sold sale 56% 56 % equity interests sonel dibamba"
}
{
    "_id": "dd49891e2",
    "title": "",
    "text": "management 2019s discussion analysis jpmorgan chase co. form 10-k treasury cio overview responsible liquidity funding capital interest rate foreign exchange risks.\n risks from four business segments assets liabilities.\n objectives high- quality securities longer-term.\n use derivatives.\n note 5.\n manage cash position depositing central banks investing short-term instruments.\n liquidity funding risk risk management pages 95 2013100.\n interest rate foreign exchange risks market risk management pages 124 2013131.\n investment securities portfolio mortgage-backed securities.\n.\n government securities obligations.\n corporate debt securities.\n december 31 2018 portfolio $ 260. 1 billion average credit rating aa+.\n note 10 portfolio.\nincome statement balance sheet december 31 millions 2018 2016 securities gains losses $ 395 78 132-sale 203449 219345 226892 31747 47927 51358 235197 267272 278250 228681 200247 236670 31434 47733 50168 260115 247980 286838 securities htm afs first quarter 2018.\n notes 1 10.\n december 31 millions 2018 2017 2016\n securities gains losses $ -395 $ -78 $ 132\n 203449 219345 226892\n 31747 47927 51358\n 235197 267272 278250\n 228681 200247 236670\n 31434 47733 50168\n 260115 247980 286838\n jpmorgan chase co.form 10-k treasury cio overview responsible firm 2019s liquidity funding capital interest rate foreign exchange risks.\n risks from four business segments balance assets liabilities.\n-liability objectives high- quality securities longer-term.\n derivatives.\n note 5.\n manage cash position depositing central banks investing short-term instruments.\n liquidity funding risk liquidity risk management pages 95 2013100.\n interest rate foreign exchange risks market risk management pages 124 2013131.\n investment securities portfolio mortgage-backed securities.\n.\n government securities obligations.\n corporate debt securities.\n december 31  2018 portfolio $ 260. 1 billion average credit rating aa+.\n note 10 portfolio.\nincome balance sheet december 31 millions 2018 2016 gains losses $ 395 78 132 203449 219345 226892 31747 47927 51358 235197 267272 278250 228681 200247 236670 31434 47733 50168 260115 247980 286838 securities htm afs first quarter 2018.\n notes 1 10."
}
{
    "_id": "dd4b8883a",
    "title": "",
    "text": "maturity requirements long-term debt december 31 2018 years 31.\n 2019 $ 124176\n 2020 159979\n 2021 195848\n 2022 267587\n 2023 3945053\n 2024 475000\n total $ 5167643\n agreement bank america. syndicate financial institutions facility.\n december 31 2018 secured financing $ 1. 5 billion revolving credit facility $ 1. 5 billion term loan $ 1. 37 billion loan $ 1. 14 billion $ 500 million term loan.\n assets domestic subsidiaries pledged collateral.\n borrowings december 31 2018 reflect borrowed acquisitions activities 2018 reduction interest rate margins extension maturity dates increase total financing capacity $ 5. 5 billion june 2018.\n october 2018 additional term loan $ 500 million.\n proceeds pay balance.\ncredit facility interest rate libor or base rate margin.\n december 31  2018 interest rates b-2 b-4 loan 4. 02%. 02 % 4. 01%. 27%. 27%. revolving credit 3. 92% (. 92 % ).\n quarterly commitment fee unused portion revolving credit. 20%. to. 30%. depending leverage ratio.\n term a a-2 loan january 20 2023.\n b-2 loan matures april 22 2023.\n b-4 loan october 18 2025.\n repaid quarterly installments. 625%. through june 2019. 25%. 2021. 2022. 50%. december 2022 remaining balance due january 2023.\n b-2 loan repaid. through march 2023 april 2023.\n b-4 loan repaid. through september 2025 remaining october 2025.\nissue standby letters $ 100 million revolving credit facility.\n reduce borrowings.\n limited covenants. commitments december 31 2018 $ 783. 6 million.\n global payments.\n 10-k annual report"
}
{
    "_id": "dd4bc641e",
    "title": "",
    "text": "divestiture information systems global solutions business august 16 2016 divestiture is&gs business merged subsidiary leidos reverse morris trust transaction.\n multi- step contributed is&gs business abacus innovations corporation wholly owned subsidiary lockheed martin common stock distributed lockheed martin stockholders exchange offer.\n exchange lockheed martin common stock abacus common stock.\n abacus exchanged 9369694 shares lockheed martin common stock.\n retired reducing shares common stock 3%.\n abacus merged subsidiary leidos wholly-owned subsidiary leidos.\n each share abacus common stock converted leidos common stock.\n shares leidos common stock hold.\n exchange offer merger tax-free transactions cash paid fractional shares.\n abacus borrowed approximately $ 1.billion loan-time cash payment $ 1. 80 billion lockheed martin borrowing fees expenses.\n debt dividends repurchase stock quarters 2016.\n obligations guaranteed leidos.\n net gain $ 1. 2 billion.\n $ 2. 5 billion lockheed martin common stock $ 1. 8 billion payment net book value is&gs business $ 3. 0 billion august 16 2016 adjustments $ 100 million.\n final gain subject post-closing adjustments tax 2017.\n results is&gs discontinued operations.\n divestiture strategic shift.\n cash flows not reclassified retained.\n assets liabilities december 31 2015.\n receivables 807\n inventories 143\n current assets\n property equipment\n goodwill 2881\n intangible assets 125\n noncurrent\n assets disposal group\n-229\n advances costs\n salaries benefits payroll taxes -209\n liabilities\n deferred taxes\n noncurrent liabilities -60\n liabilities disposal -1153"
}
{
    "_id": "dd4b97cc2",
    "title": "",
    "text": "management financial condition results operations deferrable interest debentures 2005 issued $ 100. trust securities debentures.\n proceeds revolving credit facility.\n. 30-year term 2035.\n fixed rate 5. 61%. first 10 years 2015.\n rate three month libor plus 1. 25%.\n securities redeemable.\n covenants 2011 revolving credit facility senior unsecured notes restrictions limit pay dividends investments indebtedness liens negative pledge agreements disposition assets financial ratios minimum net worth indebtedness asset value ebitda charges unsecured indebtedness.\n dividend restriction distributions common stock equity interests federal income tax.\n covenants.\n exposed interest rates floating rate borrowing arrangements.\n interest rate instruments.\n100 point increase 2011 annual interest cost $ 12. 3 $ 11. joint venture annual interest cost $ 4. 8 $ 6. 7.\n recognize derivatives fair value.\n adjusted fair value.\n changes fair value offset against recognized income until.\n ineffective change value recognized earnings.\n $ 4. 8 long- term debt interest fixed rates fair value affected changes market interest rates.\n interest rate variable rate debt joint venture debt december 2011 plus 150 to plus 350 points.\n contractual obligations principal maturities mortgages loans 2011 revolving credit facility senior unsecured notes trust preferred securities joint venture debt-right extension options estimated interest expense obligations under capital lease ground leases.\nmortgages 52443 568649 647776 270382 556400 2278190 4373840\n revolving credit facility 350000\n securities 100000\n unsecured notes 274804 777194 1270656\n capital lease\n ground leases 615450 782699\n interest expense 312672 309280 244709 212328 470359\n joint venture debt 176457 93683 123983\n 695979 1006596 1174607 653245 1956586 5083646"
}
{
    "_id": "dd4bf0872",
    "title": "",
    "text": "committee approved annual incentive plan payouts executive officer 2017 target payout.\n. christopher bakken $ 620125 70% 70 129% 129 % 559973\n marcus. $ 630000 70% 70 129% 568890\n. 1230000 135% 135 % 129% 2142045\n. 355300 40% 40 % 119% 169123\n andrew. 600000 70% 70 % 129% 129 % 541800\n. 366150 60% 137% % 300000\n. 328275 40% 40 % 119% %\n charles. 286424 40% 40 79% %\n richard. $ 344200 40% 40 % 204% % 280661\n roderick. 675598 70% 70 % 129% 129 % ) 610065\n. officers nuclear industry.\npersonnel committee authorized plan attract retain management talent nuclear power field technical expertise.\n plan provides bonuses paid annually three-year period bonus opportunity dependent on management level employment.\n annual payment equal 15% to 30% employee base salary enrollment.\n. participation commenced may 2016. cash bonus equal 30% base salary 2016.\n plan accelerated prorated payout termination.\n three-year coverage period percentage base salary consistent with other senior nuclear officers.\n 2017.\n received cash bonus $ 181500 30% base salary $ 605000.\n corporation executive officers building shareholder value increase ownership common stock.\n uses performance units restricted stock stock options.\n majority target incentive awards.\n reward executive officers total shareholder return stock price appreciation dividend payments philadelphia utility index.\n2018-2020 cumulative utility earnings added long-term performance unit program shareholder return measure weighted.\n restricted stock executive officers entergy.\n stock options value common stock.\n long-term incentive compensation 60% performance units 40% stock options restricted stock divided.\n awards executive officers vary performance promotions pay.\n performance units 2015-2017 awarded 2011 equity ownership plan long-term cash incentive plan"
}
{
    "_id": "dd4c1dff2",
    "title": "",
    "text": "utility companies system energy sfas 71 written off regulatory assets segment.\n note 2 transition competition retail regulatory jurisdictions.\n texas retail open access law entergy issues law impact entergy gulf states operations.\n unrestricted liquid debt instruments original maturity three months less cash equivalents.\n more three months temporary investments.\n applies provisions sfas 115 debt equity securities decommissioning trust funds.\n records trust funds fair value balance.\n december 31 2001 fair value securities differs amounts deposited earnings millions.\n arkansas $ 35. $ 69.\n gulf states $. $ 18.\n louisiana. $ 8.\n 14.\nregulatory treatment decommissioning trust funds entergy arkansas gulf states louisiana unrealized gains losses securities accumulated depreciation.\n gains deferred credits.\n system energy's gains regulatory liabilities.\n derivatives hedging implemented sfas 133 derivative instruments hedging activities january 1 2001.\n derivatives recognized balance sheet assets liabilities fair value.\n changes recorded current earnings income hedge transaction.\n cash-flow hedge transactions changes fair value reported comprehensive income.\n gains losses reclassified as earnings impacted variability cash flows.\n ineffective portions hedges recognized in current earnings.\n contracts commodities purchases sales power fuel not classified derivatives."
}
{
    "_id": "dd4bf31da",
    "title": "",
    "text": "five-year performance comparison 2013 graph shareholder returns corporation peer group index dj trans s&p 500.\n assumes $ 100 invested common stock union pacific corporation december 31 2010 dividends reinvested.\n information historical not indicative future performance.\n purchases equity securities 2013 repurchased shares common stock average price $ 99. 16.\n table common stock repurchases fourth quarter 2015 shares purchased average price paid share plan maximum.\n oct. 1. 31 3247731 $. 3221153 56078192\n. 2325865.\n. 31 1105389. 1102754\n 6678985 $ 88. 6646899\n shares purchased quarter 32086 shares employees stock option prices excess tax withholding obligations.\njanuary 2014 authorized repurchase 120 million shares stock december 31 2017.\n open market.\n management discretion timing."
}
{
    "_id": "dd4c66176",
    "title": "",
    "text": "higher net sales offset costs energy wood freight.\n earnings improve reduced manufacturing costs mill opti mization project.\n sales volumes better.\n uncoated paper pulp weaker russian paper.\n price price increases brazil.\n flat.\n wood costs higher supply energy costs mixed.\n acquisition luiz antonio mill earnings.\n pensacola mill container- board reducing.\n production capacity uncoated freesheet paper.\n non-durable processed foods poultry meat agricultural products.\n raw material energy costs manufacturing efficiency product mix.\n net sales 2006 increased 6% 2005 8% 2004.\n profits 82% higher 2005 7% 2004.\nimproved price realizations 156 million sales volume 29 million mix 21 million reduced downtime 25 million mill performance 43 million offset higher raw material 12 million freight 48 million converting operations 21 other 26 million.\n gain $ 13 million sale property.\n 135000 tons downtime 370000 tons 2005 230000 lack-of-order.\n.\n profit $ 399\n.\n containerboard net sales 2006 $ million 895 million 2005 950 million 2004.\n price first below 2005 improved second higher.\n volumes.\n operating profits 2005 68% 68 % higher 2004.\n reduced lack-of-order downtime performance offset costs freight chemicals energy.\n.\n operations net sales $ 2. billion 2006. billion 2005. 2004.\n sales volumes above 2005 demand boxes packaging.\nfirst quarters 2006 margins favorable sales containerboard third quarter.\n profits decreased 72% 2005 86% 2004 higher distribution utility raw material costs inventory.\n european container net sales 2006 $ 1. 0 billion 883 million 2005 865 2004.\n moroccan box plants higher.\n profits up 31% 2005 6% 2004.\n $ 13 million gain sale property spain moroccan acquisition higher energy costs.\n international paper distribution net sales 2006 $ 182 million.\n $ 104 million acquisition.\n small profit 2006 loss 2005."
}
{
    "_id": "dd4c030c6",
    "title": "",
    "text": "management 2019s discussion analysis jpmorgan chase co. annual report treasury cio overview responsible measuring managing liquidity funding interest rate foreign exchange risks executing capital plan.\n risks from four business segments on- off-balance sheet assets liabilities.\n-liability objectives high- quality securities longer-term.\n derivatives liability objectives.\n.\n portfolio agency mortgage- backed securities.\n.\n government securities obligations.\n corporate debt securities.\n december 31  2017 portfolio $ 248. 0 billion average credit rating aa+.\n note 10.\n liquidity funding risk liquidity risk management pages 92.\n interest rate foreign exchange risks market risk management pages 121-128.\n income statement balance sheet data year ended december 31 2016 2015.\n\n securities gains losses $ -78 $ 132 $ 190\n securities 219345 226892 264758\n 47927 51358 50044\n 267272 278250 314802\n 200247 236670 238704\n 50168 49073\n 247980 286838 287777\n 219345 226892 264758 51358 267272 278250 314802 236670 238704 50168 49073 247980 286838 287777"
}
{
    "_id": "dd4ba785c",
    "title": "",
    "text": "rate derivatives.\n floating rate debt 2008 entered three interest rate swap contracts cash flow hedges hedging interest fluctuations benchmark rate.\n approved plan refinance loan 2011 $ 8. 6 million loss ineffectiveness swap.\n collateralization counterparties.\n cash adjusted daily.\n february 2010 forward starting interest rate swap contract cash flow hedge interest fluctuations benchmark rate fixed rate debt march 2010.\n.\n foreign currency derivatives.\n purchase bm&fbovespa stock 2008 purchased put option hedge rate fluctuations.\n.\n lehman brothers financing.\n counterparty option.\n 2008 lehman brothers.\n filed bankruptcy code.\n terminate put option agreement.\n march 2010 recognized $ 6. million gain instruments settlement lehman bankruptcy proceedings.\n.\ncapital stock shares outstanding.\n table information.\n december 31 2010\n shares authorized 1000000\n a common stock 66847 66511\n b-1. 6.\n b-2. 8.\n b-3.\n b-4 common stock.\n cme group no shares preferred stock.\n trading rights.\n members cme cbot comex own lease trading rights trading floors discounts fees right vote exchange matters rules cme group documents.\n cme b common stock membership division trading.\n trading right separate asset not common stock.\n shareholders retain representation board directors approval rights.\n trading rights cbot evidenced memberships.\n members rights elect board directors receive dividends distributions.\n company required 10 cbot directors until 2012 annual meeting."
}
{
    "_id": "dd4c4c53c",
    "title": "",
    "text": ".\n 2019s common equity stockholder matters issuer purchases securities graph compares annual return common stock 500 stock index peer group five years 2009.\n investment stock s&p 500 index $ 100 december 31 2004 dividends reinvested.\n 2005 2006 2007 2008\n loews common stock. 135. 92 179. 47 219. 123. 160. 62\n s&p 500 index. 104. 91 121. 128. 80. 74.\n loews peer group. 133. 59 152. 24 174. 46 106. 30 136.\n ace.\n chubb. ensco. noble spectra transocean.\n travelers.\n paid quarterly cash dividends loews common stock since 1967.\n dividends $ 0. 0625 per share paid 2009.\n paid quarterly dividends carolina separation.\n dividends. share quarters 2008."
}
{
    "_id": "dd4bf4576",
    "title": "",
    "text": "failure information systems penetration outside parties privacy laws regulations business disruption litigation regulatory action loss of revenue assets confidential data.\n information systems manage processes collect data with employees suppliers customers.\n managed third-party providers.\n backup systems business continuity plans protect systems data from unauthorized access.\n failure penetration competitive disadvantage loss revenue assets sensitive data regulatory action damage reputation brands remediation costs.\n failure protect personal data rights data fines eu general data protection regulation.\n replace third-party manufacturers service providers with resources.\n.\n renew agreements government regulations.\n costs increase.\n.\n.\n.\n.\n 2017 operated owned 46 manufacturing facilities contract relationships with 25 third-party manufacturers 23 markets.\n with 38 third-party operators in hand-rolled cigarettes.\n.\n\n integrated 7 8 9 31\n make-pack 2\n 13 11 46\n heated tobacco units 2017.\n 23 facilities manufactured 10 billion cigarettes eight produced 30 billion units.\n largest factories karawang sukorejo izmir krakow.\n krasnodar batangas marikina berlin kharkiv kutna hora.\n smallest factories latin america asia tariff small manufacturing units.\n optimize manufacturing base evolution trade blocks.\n plants properties subsidiaries good condition.\n integrating production heated tobacco units facilities plans build capacity."
}
{
    "_id": "dd4bad2b6",
    "title": "",
    "text": "consolidated financial statements jpmorgan chase. annual report table accretable yield activity consumer loans years 2010.\n balance january 1 $ 25544 $ 32619\n washington mutual acquisition\n accretion interest income -3232 -4363\n interest rates variable rate loans -819 -4849 -5543 5543\n cash flows\n balance december 31 $ 19097 $ 25544 $ 32619\n accretable yield percentage 4. 35%. 35 %. 14%. 81%. 81 %\n cash flows vary cash model.\n december 31 2010 2009 driven prepayment assumptions reclassification nonaccretable.\n insignificant impact accretable yield percentage.\n factors gross cash flows benchmark interest rate indices variable rate products prepayment assump.\ndecrease accretable yield percentage related to interest rates-rate loans extended loan liquida tion periods.\n affect timing expected cash flows not amount cash.\n reduce accretable yield percentage recognized against higher loan balance."
}
{
    "_id": "dd4c2c9e4",
    "title": "",
    "text": "reclassifications format changes years 2019 2015 presentation.\n.\n.\n fixed maturity equity security reflect unrealized appreciation depreciation temporary changes market value taxes income.\n fixed maturity equity securities reflect capital gains losses.\n records changes fair value fixed maturities cash flows settle losses adjustment liabilities.\n anticipates holding investments extended period cash flow payout.\n fixed maturities convertible bond securities foreign denominated fixed maturity securities settle loss adjustment reserves.\n carries equity securities fair value mutual fund investments fixed maturity securities.\n equity securities reflects changes value capital gains losses conditions.\n interest income maturities dividend income equity securities net investment income operations income.\nunrealized losses on fixed maturities related credit quality charged to net income.\n short-term investments stated at cost market value.\n gains losses sales determined cost.\n non- publicly traded securities market prices determined pricing models.\n issue credit quality cash flow.\n publicly traded securities market value based market prices models.\n inactive company assumptions future cash flows risk-adjusted discount rates fair value.\n retrospective adjustments values asset-backed securities.\n acquisition yield.\n value.\n factors prepayment history.\n conditional prepayment rates-through.\n invested assets limited partnerships trusts.\n accounted equity method accounting.\n.\n uncollectible receivable.\n reserves for receivable balances.\n reserves presented table.\ndollars thousands 2015 2014\n reinsurance premium $ 22878 $ 29497"
}
{
    "_id": "dd4c2f676",
    "title": "",
    "text": "marathon oil corporation financial statements discontinued operations.\n pretax income table 2009 2008 2007.\n revenues discontinued operations $ 188 $ $\n pretax income $ 80 $ 221 $ 281\n sell 20 percent outside interest block 32 offshore angola $ 1. 3 billion effective date january 1 2009.\n net proceeds $ 1. 3 billion february 2010.\n pretax gain $ 800 million.\n retained 10 percent outside interest block 32.\n net proceeds $ 269 million.\n $ 232 million pretax gain.\n sale assets new mexico west texas net proceeds $ 293 million.\n $ 196 million pretax gain.\n properties net proceeds $ 84 million.\n $ 158 million pretax gain.\nsale terminated pension plan ireland $ 18 million.\n june 2009 sell subsidiary 19 percent interest corrib natural gas development.\n proceeds estimated $ 235 million $ 400 million timing first commercial gas closing adjustments.\n initial $ 100 million payment closing adjustments.\n fair value $ 311 million.\n sale $ 100 million closing $ 135 million first gas 31 2012 to $ 165 million contingent proceeds.\n $ 154 million impairment operations second quarter 2009 less.\n final proceeds $ 135 million to $ 300 million due first december 31 2012.\n closing.\n writeoff contingent proceeds.\n guarantees subsidiaries sales purchasers.\n indemnified purchasers.\n fair value not.\n31 sale e&p properties offshore heimdal proceeds $ 301 million pretax gain $ 254 million december 31.\n october 8 sale 50 percent ptc.\n $ 625 million pretax gain $ 126 million.\n received $ 75 million redemption return investment.\n rm&t."
}
{
    "_id": "dd4c5614a",
    "title": "",
    "text": "financial information common stock performance graph compares investment 2019s common stock december 26 2008 through december 31 2013 s&p 500 index financials index.\n $ 100 invested december 26 2008 dividends reinvested without commissions.\n past performance not future performance.\n goldman sachs group.\n&p 500 financials shows cumulative returns common stock 500 index five $ 100 invested 26 2008 dividends reinvested without commissions.\n performance past performance future performance.\n/31/09/31/11\n goldman sachs group. $ 100. $ 224. 226. 19 123. 176. 42 $ 248. 36\n s&p 500 index 100. 130. 150. 153. 178. 236.\n s&p 500 financials index. 124. 38 139.115. 148.\n sachs 2013"
}
{
    "_id": "dd4b9b4c6",
    "title": "",
    "text": "prior year losses $ 135. 6 million unfavorable 2006 $ 26. 4 million favorable 2005 $ 249. 4 million unfavorable 2004.\n losses reserve development uncertainty establishing loss reserves.\n asbestos environmental losses adjustment expenses 2006. 4%. reserves ultimate liability a&e claims.\n a&e liabilities.\n direct insurance everest assumed reinsurance business.\n uncertainties estimating potential losses a&e claims.\n financial condition environmental exposures 3 financial statements.\n.\n direct a&e insurance small homogenous.\n limited period 1978 1984.\n excess liability policies exposure analysis policies.\n analyze exposures unusual exposure asbestos.\n insured account asbestos exposure.\n.\n final settlement negotiation monitoring claim activity.\nsip agreements condition insurer payment claim experience annual payment caps control payments.\n mt.\n mckinley operation eight sip agreements three executed prior to acquisition.\n mckinley 2000.\n preference fixed payments future uncertainty.\n enhanced classification of insureds by exposure characteristics analysis.\n insureds less exposed subject to less rigorous management.\n focuses on estimation processes potential exposure.\n everest re 2019s book of assumed reinsurance concentrated a&e exposed relationships.\n arises from limited period 1977 to 1984.\n claim staff familiar with ceding companies generated liabilities likely future liabilities.\n familiarity ceding claims handling reserving practices.\n enhances quality analysis exposure.\n identify unusual exposure non-products asbestos for attention.\nsetting reserves reinsurance liabilities company relies on ceding companies.\n loss projections.\n table summarizes reserves for losses years december 31.\n 2006 2005 2004\n reserves ceding companies $ 135. $ 125. $ 148.\n additional reserves assumed reinsurance 152. 157. 151.\n direct insurance 213. 243. 272.\n reserves 148. 123. 156.\n gross reserves 650. 649. 728.\n receivable -138. -199. -221. 221.\n net reserves $ 511. 4 $ 450. 5 $ 506.\n additional reserves specific.\n"
}
{
    "_id": "dd4be0b84",
    "title": "",
    "text": "entergy corporation subsidiaries financial voluntary severance program.\n 200 non-utility 150 utility.\n analysis change net revenue 2008 2007.\n.\n 2007 net revenue $ 4618\n purchased power capacity -25\n volume/weather\n retail electric price\n 2008 net revenue $ 4589\n purchased power capacity variance higher capacity charges.\n amortization deferred capacity costs offset base revenues rate increases.\n volume/weather variance less favorable weather decreased electricity usage.\n hurricane gustav ike $ 46 million decrease electricity usage.\n industrial sales depressed hurricanes decline economy usage mid-sized.\n decreases offset increase residential commercial electricity usage.\n retail electric price variance power plant costs management.\nnet income return equity offset attala power plant costs operation depreciation taxes storm damage rider 2007 mississippi energy efficiency rider november 2007 arkansas.\n revenue operation maintenance expense no impact net income.\n retail electric price variance offset interim storm recoveries entergy louisiana gulf ceased 2008 credit passed customers 55 storm cost financings.\n hurricane katrina rita note 2 financial statements interim recovery."
}
{
    "_id": "dd4bde4e2",
    "title": "",
    "text": "financial statements regulatory action gs bank usa requirements-capitalized depository institution 1 capital ratio 6% 6 % total capital ratio 10% 10 % 1 leverage ratio 5% 5 %.\n agreed federal reserve board capital ratios.\n 1 capital ratio 8% 8 % total capital ratio 11% 11 leverage 6% 6 %.\n compliance capital requirements december 2013.\n regulatory capital ratios federal board.\n revised market risk regulatory capital requirements january 1 2013.\n increased capital requirements.\n.\n 1 capital $ 20086 $ 20704\n 2 capital $\n 20202\n risk-weighted assets $ 134935 $ 109669\n 1 capital ratio 14. 9%. 9 % 18.\n total capital ratio 15.\n 1 leverage ratio 16. 9%. 9 17. 6%. 6 %\nrevised capital framework to gs bank usa advanced banking.\n informed federal reserve board completed satisfactory parallel run changes calculations second quarter 2014.\n new minimum cet1 ratio 4% 4 to 4. 5%. 2015.\n changes standards-capitalized status cet1 ratio requirement 6. 5%. 1 capital ratio 6% to 8%.\n 1 2018 banking organizations supplementary leverage ratio 3% or greater.\n basel committee guidelines for capital requirements institutions.\n.\n impact capital requirements gs bank usa banking regulators.\n deposits insured by fdic.\n federal reserve board cash reserves.\n $ 50. 39 billion $ 58. 67 billion december 2013 2012 exceeded required reserve amounts by $ 50. 29 billion $. billion.\n transactions between gs bank usa subsidiaries.\nsubsidiaries gs bank regulated federal reserve board.\n limit transactions credit extensions require market terms.\n principal.\n subsidiary gsib wholly-owned credit institution regulated prudential financial conduct authority subject minimum capital requirements.\n 2013 2012 capital requirements.\n sachs 2013 annual report"
}
{
    "_id": "dd4bd73ea",
    "title": "",
    "text": "xpedx north american distributes products commercial printers building services away-from-home markets facility manufacturers packaging warehousing delivery.\n leading wholesale distribution north 122 warehouse locations 130 retail stores united states mexico cana owns manages 200000 acres forestlands properties states south.\n remaining forestlands managed portfolio.\n sold.\n sold 2007.\n.\n.\n 50:50 joint venture pulp paper business russia.\n three paper mills bratsk ust-ilimsk koryazhma pulp capacity 2. 5 million tons.\n harvesting rights timberland forest areas 12. 8 million acres 5. 2 million hectares.\n brand trademarks international paper.\n non-durable industrial goods processed foods poultry meat agricultural products.\nfactors profitability raw material energy freight manufacturing effi product mix.\n results cbpr business.\n net sales 2009 increased 16% $ 8. billion $. billion 2008. billion 2007.\n operating profits 95% higher double 2007.\n higher shipments cbpr operating costs 294 million lower raw material freight costs 295 million offset lower price realizations $ 243 million higher corporate overhead 85 million costs acquisition cbpr 3 million higher other costs $ 7 million.\n profits $ 849 million alternative fuel.\n plant closure costs $ 653 million shutdown mill $ 87 million.\n.\n net sales profits cbpr business.\n sales $ 7. billion 2009. billion 2008 3. billion 2007.\nprofits 2009 $ 791 million million excluding fuel closure cbpr integration $ 322 million 414 million cbpr inventory closure 2008 $ 305 million 2007.\n tainerboard box shipments lower weaker demand.\n sales price lower weaker economic.\n margins"
}
{
    "_id": "dd4bbc5d6",
    "title": "",
    "text": "general mills gross margin declined 1 percent.\n flat.\n expenses decreased $ 78 million.\n 3 percent decrease advertising media smaller foundation incentive compensation lower pension expense.\n $ 39 million currency devaluation 9 million.\n $ 12 million gration costs acquisition.\n expenses decreased 1 percent.\n restructuring exit costs $ 4 million.\n restructuring productivity cost savings plan.\n.\n paid $ 22 million restructuring.\n divestiture gain $ 66 million grain elevators.\n.\n no divestitures.\n $ 302 million 15 million lower.\n average interest rate decreased 41 points $ 31 million decrease.\n bearing instruments increased 367 million $ 16 million increase.\n consolidated tax rate. percent. 2013.\n.percentage point increase related restructuring general mills cereals subsidiary first quarter 2013 $ 63 million decrease deferred income tax liabilities investment assets non-cash reduction income taxes.\n $ 34 million decrease income tax expense increase deferred tax assets tax benefits medicare part d subsidies reduced 2010.\n fiscal 2013 tax expense includes $ 12 million charge liquidation corporate investment.\n after-tax earnings joint ventures 2014 decreased $ 90 million $ 99 million 2013 increased consumer spending cereal partners unfavorable foreign currency exchange.\n.\n change net sales joint venture change net sales.\n.\n.\n.\n 2014 net sales declined 1 point unfavorable foreign currency exchange.\n volume growth flat compared 2013.\nnet sales hdj decreased 8 volume offset foreign currency exchange 2 price realization.\n diluted shares decreased 20 million repurchase 36 million 7 million stock compensation plans.\n cash equivalents increased 126 million.\n receivables increased 37 million timing.\n inventories increased 14 million.\n prepaid expenses assets decreased 29 million liquidation.\n land buildings equipment increased 64 million capital expenditures"
}
{
    "_id": "dd4ba8f36",
    "title": "",
    "text": ".\n postretirement benefit plans company defined benefit plans employees united states international subsidiaries.\n design changes 2011 january 1 2013 participants merck.\n pension plans benefits new cash balance formulas age service pay interest.\n transition 2013 through december 31 2019 participants earn benefit final average pay formula cash balance formula.\n after benefits cash balance formula.\n provides medical benefits eligible.\n retirees dependents.\n uses december 31 year-end measurement pension plans.\n net periodic benefit cost.\n years december 31 2013\n service cost $ 682 $\n interest cost 665 661 718\n return on assets -1097 -970 -126 -136 -142\n net amortization 336  185 201 -50\n termination benefits 58 27 59 50 18\ncurtailments -23 -10 -86 -11 -7\n settlements 23 18 4 2014\n net benefit cost $ 644 $ 466 $ 543 $ 72 $ 43\n increase cost 2013 discount rate.\n.\n $ 348 million 2013 $ 268 million 2012 $ million restructuring actions termination charges recorded 2013 2012 2011 expanded eligibility employees.\n curtailments recorded 2011.\n settlements recorded 2013 2011 domestic international pension plans.\n"
}
{
    "_id": "dd4c5a7ea",
    "title": "",
    "text": "mississippi.\n increased $ 16. million lower operation expenses higher revenues lower income tax rate depreciation amortization expenses.\n increased $ 17. million write-off regulatory assets nuclear generation joint stipulation mississippi public utilities higher depreciation amortization expenses higher taxes operation expenses lower revenue.\n note 2 statements nuclear generation.\n fuel gas power expenses regulatory charges.\n analysis change net revenue 2016 2015.\n.\n 2015 revenue $ 696.\n retail electric price.\n volume.\n wholesale revenue.\n reserve equalization.\n.\n 2016 revenue $ 705.\n retail electric price variance due $ 19. million increase revenues mpsc billing cycle 2016 storm damage rider.\n note 2 financial statements formula plan storm damage.\nvolume/weather variance due 153 gwh 1% electricity industrial usage offset less weather residential commercial sales.\n increase due expansion pulp paper increased demand new customers wood."
}
{
    "_id": "dd4b94266",
    "title": "",
    "text": "logistics subsidiaries crew lodging slower network.\n consulting fees contract expenses maintenance.\n locomotive freight car material expenses increased volumes stored equipment slower network.\n purchased services increased 10% logistics management fees locomotive overhauls repairs.\n road property ties ballast track material.\n depreciation 7%.\n higher depreciable asset base capital spending.\n depreciation 1% 1 %.\n longer service lives capital spending.\n locomotive leases.\n intermodal volumes longer cycle times increased freight car rental expense.\n lower equipment leases rental expense purchase options.\n container costs logistics management automotive shipments lower cycle times $ 51 million increase freight car rental expense.\n lower locomotive freight car lease expenses higher rental.\n2013 expenses include taxes freight equipment damage utilities insurance personal injury environmental employee travel telephone cellular software debt.\n higher property taxes personal injury offset environmental expense damaged freight costs 2014.\n costs.\n safety performance lower liability personal injury reduced expense.\n non-operating items 2014 2013 2012 % change.\n income $ 151 $ 128 $ 108 18% 18 % 19% ( 19 %\n interest expense -561\n income taxes 19% 19 % 12% 12 %\n increased higher gains real estate sales permanent easement.\n offset by higher environmental costs non-operating property lower lease income $ 17 million settlement land lease contract.\n increased higher gains real estate lease income.\n offset by interest tax refund 2012."
}
{
    "_id": "dd4ba72a8",
    "title": "",
    "text": "clearing firm required deposit maintain balances cash.\n government securities foreign government securities bank letters of credit investments performance bond guaranty fund requirements.\n non-cash deposits marked-to-market daily.\n not reflected in financial statements interest.\n balances may fluctuate due investment choices changes contributions.\n rules cbot require collateral for physical commodities capital deposits arbitration matters.\n clearing firms cbot products cash.\n treasury securities letters of credit.\n positions once twice for futures options require lost value gained value.\n mark-to-market frequently.\n simultaneous default unrealized maximum exposure credit default one half day changes fair value positions.\n maximum exposure one full day changes value.\n 2017 transferred approximately $ 2.billion clearing system settlement.\n reduces guarantee exposure performance bond guaranty fund contributions.\n guarantee liability immaterial recorded liability december 31 2017.\n 2016 performance bond guaranty fund assets cash.\n.\n government securities maturity 90 days or less.\n.\n.\n securities purchased cme cash collateral.\n benefits interest risks ownership accrue cme.\n investment income.\n no.\n.\n government securities december 31 2017.\n amortized cost fair value securities 2016.\n.\n. securities\n cme systemically important financial market utility maintains cash account federal reserve bank chicago.\n maintained $ 34. billion $ 6. 2 billion.\n clearing firms instruct deposit cash programs.\n total principal $ 1.billion december 31. billion"
}
{
    "_id": "dd4bccc06",
    "title": "",
    "text": "2013. subsidiary agreed trustees.\n contribute $ 11 million per year pension plan three years.\n trustees.\n advance winding-up deficit.\n estimated deficit a3240 million $ 360 million.\n trustees accepted contributions not requested deficit.\n purchase obligations agreements goods services enforceable binding terms timing.\n related information technology services.\n $ 12 million unfunded commitments investment limited partnership.\n $ 218 million liabilities tax positions.\n 2015 net assets $ 6. 2 billion decrease from. 2014.\n due to share repurchases $ 1. 6 billion dividends $ 323 million loss $ 289 million post- retirement benefit obligation offset net income $ 1. 4 billion.\n working capital increased $ 77 million from 809 million to $ 886 million.\nloss increased $ 289 million 31 2015 2014 driven by 2022 negative foreign currency translation adjustments $ 436 million strengthening.\n dollar decrease $ 155 million post-retirement benefit obligations financial instrument losses $ 8 million.\n 2022 risk solutions advisor insurance reinsurance broker.\n partners benefits talent financial challenges performance human capital retirement investment management health care compensation talent management strategies.\n.\n years ended december 31 2015 2014 2013\n revenue $ 7426 $ 7834 7789\n income 1506\n operating margin. 3%.\n demand property casualty insurance rises economic activity increases falls decreases commissions fees.\n exposure"
}
{
    "_id": "dd4b86df0",
    "title": "",
    "text": "goodwill intangible assets acquisition allied not deductible tax.\n consolidated financial statements include operating results acquisition.\n merger completed january 1 2007.\n unaudited information illustrative not indicative results acquisition future results.\n ended december 31.\n 2008 2007\n revenue $ 9362. $ 9244.\n income operations common stockholders.\n basic earnings per share.\n diluted earnings per share.\n information includes adjustments amortization intangible assets discounts fair value debt environmental self-insurance liabilities capping closure obligations amortization provision income taxes.\nmerger allied december 2008 settlement doj operations fifteen metropolitan areas los angeles san francisco denver atlanta lexington charlotte cleveland philadelphia greenville-spartanburg fort lubbock.\n settlement 87 commercial waste routes nine landfills ten transfer stations ancillary assets access landfill disposal capacity.\n classified assets liabilities divest accounts receivable property equipment goodwill accrued landfill environmental costs sale 31.\n assets adjusted lower carrying amounts values less costs asset impairment loss $ 6. 1 million consolidated statement income.\n assets recorded estimated fair values.\n february 2009 agreement divest assets waste connections.\nassets agreement include six waste landfills collection operations three transfer stations markets los angeles denver houston lubbock greenville-spartanburg charlotte flint.\n transaction subject closing conditions regulatory approval.\n closing second quarter 2009.\n republic services.\n subsidiaries financial statements/28/2009"
}
{
    "_id": "dd4989e76",
    "title": "",
    "text": "2013 management financial earnings $ 35. 4 million $ 1. 18 share 2004 $ 52. 2 million $ 1. 76 2003 $ 51. 3 million. 2002.\n cost manufacturing inefficiencies.\n flat stock offering.\n.\n working capital $ 339. 8 million 2004 $ 305. 9 million $ 225. 1 million.\n $ 33. 9 million increase 2004. million receivable balances longer payment terms higher sales.\n $ 13. 5 million lower inventory $ 14. 3 million higher accounts payable balances.\n $ 80. 8 million increase 2003 46. 6 million higher manufacturing repositioning product introductions.\n receivable balances $ 21. 2 million higher price increases international sales.\n $ 13. million increase offset $ 9. 4 million restructuring expenses 2003.\nworking capital 2005.\n cash $ 67. million $ 29. 2003 $ 116. million 2002.\n lower earnings 2004 smaller investment capital improvement cash flow.\n higher investment 2003 difference expenditures $ 48. million 2004 2003 $ 2. million higher 2002.\n increase product launches water systems.\n projecting 2005 capital expenditures $ 55 million.\n facilities capital expenditures.\n $ 265 million five-year revolving credit facility eight banks.\n expires 10 2009 replaced $ 250 million facility expired 2004.\n facility backs commercial credit line borrowings.\n long-term debt.\n december 31 2004 borrowing capacity $ 153. million.\n operations.\n issued $ 50. million senior notes insurance companies 2003.\n 2016 interest rate less 4. percent.\n commercial paper borrowing.\nleverage debt capitalization 32 percent 2004 2003.\n contractual obligations december 31 2004.\n less than 1 year 1 - 3 - 5\n long-term debt $ 275. $ 8. $ 13. $ 138. $ 114.\n capital leases 6.\n operating leases 62. 14. 20. 11. 16.\n purchase obligations 177. 176.\n $ 521. $ 199. $ 35. $ 155. $ 130."
}
{
    "_id": "dd4bd0162",
    "title": "",
    "text": "united parcel service.\n financial condition liquidity summary cash.\n 2012\n net income $ 4372 $ 807 $ 3804\n non-cash activities 3318 7313 4578\n pension postretirement plan contributions -212 -1436\n income tax receivables payables -155 236\n working capital noncurrent assets liabilities -148\n -140 -119 -97\n cash $ 7304 $ 7216 $ 7073\n depreciation amortization losses transactions deferred income taxes uncollectible accounts pension benefit stock compensation charges non-cash.\n 2011 2013.\n impacted lower contributions defined benefit pension postretirement plans offset charges income tax receivables payables.\n termination fee million 268.\n cash payments income taxes increased impacted tax deductions.\ncontributions company-sponsored pension plans varied minimum funding requirements.\n 2013 required discretionary contributions pension plans.\n 2012 $ 355 million contribution ups ibt pension plan.\n 2011 $ 1. 2 billion contribution ups ibt pension plan satisfied 2011 requirements $ 440 million contributions 2011.\n remaining contributions due to international pension plans.\n postretirement medical benefit plans.\n minimum funding requirements ups ibt pension retirement plans.\n december 31  2013 worldwide holdings cash $ 4. 665 billion.\n 45%-55% foreign subsidiaries.\n.\n fluctuates.\n cash united states primary source domestic operating needs capital expenditures share repurchases dividend payments.\n cash subsidiaries subject to tax if not all international cash balances dividend.\nsubsidiaries reinvested no accrual."
}
{
    "_id": "dd4974062",
    "title": "",
    "text": "financial derivatives manage interest rate market credit risk reduce effects income value cash flows.\n enter derivatives risk management.\n derivatives contracts little investment cash asset notional amount underlying.\n notional amount not exchanged not recorded balance sheet.\n payments.\n interest rate security price credit spread.\n residential commercial real estate loan commitments derivative instruments.\n table notional amounts gross fair values derivative assets liabilities gross derivatives.\n millions notional/contractamount assetfairvalue liabilityfairvalue\n derivatives hedging instruments $ 36197  $ 1189  $ 364  $ 29270  $ 1872  $ 152\n derivatives not 345059  3604  3570  337086  6696  6458\nderivatives $ 381256 $ 4793 $ 3934 $ $ 8568 $ 6610\n included assets.\n liabilities.\n derivatives fair value.\n balances net master netting agreements cash collateral.\n rights setoff offsetting counterparty credit risk contingent features section.\n risk participations protection credit derivatives section.\n nonperformance risk credit risk estimated net fair value.\n note 1 accounting policies.\n derivatives hedging instruments interest rate risk.\n hedging fair value future cash flows net investment foreign subsidiary.\n accounting hedges allows gains losses recognized income statement hedged items affect earnings.\n pnc financial services group.\n 2013 form 10-k 189"
}
{
    "_id": "dd4bbee44",
    "title": "",
    "text": "4% 2005 trucking services flat reduced expenses network inefficiencies.\n higher diesel fuel prices increased sales taxes higher state local taxes.\n contract expenses equipment maintenance services increased.\n storm hurricanes katrina rita higher expenses insurance settlements.\n reduction relocation expenses personnel omaha nebraska.\n non-operating items millions 2006 2005 2004 % change.\n income $ 118 $ 145 $ 88 65%\n interest expense -477 -504\n income taxes -919\n lower net gains non asset sales higher expenses rising interest rates sale receivables program reduction income 2006 offset higher rental income settlements disputes cash investment returns higher interest rates.\n income increased higher gains real estate sales offset higher expenses interest rates.\n2006 2005 due declining debt $ 7. 1 billion. billion.\n higher interest rate 6. 7%. 2006. declining debt.\n taxes tax expense $ 509 million higher 2006.\n higher-tax income additional taxes $ 414 million $ 118 million one-time reduction 2005.\n effective tax rate 36. 4%. 28. 6%. 2006 2005.\n taxes greater 2005 higher pre-tax income offset reduction tax expense.\n quarterly report 10-q analyzed impact final settlements pre-1995 tax deferred tax assets liabilities.\n deferred tax assets liabilities income tax expense reduction $ 118 million"
}
{
    "_id": "dd4970098",
    "title": "",
    "text": "item 7.\n management 2019s analysis financial condition results operations financial statements notes results financial condition cash flows.\n 2022 overview.\n business analysis financial highlights.\n accounting estimates.\n assumptions judgments financial results forecasts.\n results operations.\n analysis financial results 2013 to 2012 2022 liquidity capital resources.\n balance sheets cash flows financial condition potential sources liquidity.\n fair value financial instruments.\n methodologies valuation.\n contractual obligations off-balance-sheet arrangements.\n overview contractual obligations contingent liabilities commitments off-balance-sheet arrangements december 28 2013 expected payment schedule.\n sections forward-looking statements risks uncertainties.\n forward-looking statements.\nstatements future financial performance growth uncertain events forward-looking.\n based expectations affected by uncertainties risk factors factors item 1a form 10-k.\n results may differ reflect impact divestitures mergers acquisitions business combinations not completed february 14 2014.\n results operations.\n three months.\n net revenue $ 13834  $ 13483 $ 52708 53341 -633\n gross margin  $ 8571  $ 8414\n margin percentage 62. 0%. 0 %. 4%. 4 %. 59. 8%. 8 %. 1%. 1 %. 3\n operating income $ 3549  $ 3504 12291 $ 14638 -2347\n net income $ 2625  $ 2950 9620 11005 $ -1385\nearnings common share $. 51. 58. 07. 89. 13. 24\n revenue 2013 down 1% 2012.\n lower sales growth market.\n internet cloud computing product portfolio increased platform volumes.\n higher factory start-up costs next-generation 14nm gross margin 2012.\n approved restructuring actions workforce reductions exit businesses facilities.\n restructuring asset impairment $ 240 million 2013.\n"
}
{
    "_id": "dd4c2a40a",
    "title": "",
    "text": "oil sands 33 years experience petroleum engineering evaluations since 1986.\n member spe regional director 1998 2001 registered engineer alberta.\n third-party consultants estimates 80 percent reserves four.\n.\n tolerance level 10 percent estimates accepted.\n re-examine data refine.\n until estimates 10 percent.\n changes estimates 2011 2009.\n no third-party audits 2010.\n sewell associates.\n certification 31 2010 reserves alba field equatorial guinea.\n.\n senior members 50 years industry experience oil gas companies.\n lead master science mechanical engineering member spe.\n senior technical advisor bachelor science geophysics member society exploration geophysicists american association petroleum geologists european association geoscientists engineers.\n licensed texas.\n ryder scott company audits 2011 2009.\nsummary report audits 2011 annual report form 10-k.\n team lead ryder scott 20 years industry experience oil gas company.\n bachelor mechanical engineering member spe registered professional engineer texas.\n corporate reserves group performs reviews reserve estimates fields.\n december 31 2011 decrease 10 2010.\n table reserves 2011.\n 405\n revisions estimates 15\n improved recovery\n purchases 91\n extensions additions 49\n -166\n end\n additions reserves 91 acreage acquisition eagle ford shale 26 woodford shale 10 shale 8 drilling.\n 139 transferred jackpine upgrader expansion.\n costs 2011 2010 2009 $ 1107 million $ 1463 million $ 792.\nundeveloped reserves behind-pipe zones large five years additional gas compression.\n 395 mmboe undeveloped reserves 2011 34 percent volume five years.\n majority compression project equatorial guinea sanctioned 2004 completed 2016.\n performance exceeded expectations estimates dry gas increased 10 percent 2004 2010.\n production until 2014 2015.\n timing compression driven reservoir performance."
}
{
    "_id": "dd4bb82e2",
    "title": "",
    "text": "2013 earnings share millions.\n 2017 2016\n shares basic computations 284. 287. 299.\n dilutive effect equity awards.\n diluted 286. 290. 6 303.\n compute basic diluted earnings net earnings average shares.\n includes dilutive effects vesting restricted stock units performance stock units stock options.\n no anti-dilutive equity awards years december 31 2018 2017 2016.\n 2013 acquisition divestitures consolidation awe management increased ownership interest nuclear deterrent program 33% to 51% %.\n results 100% sales 51% operating profit.\n accounted investment equity method.\n recognized 33% 33 % earnings losses no sales.\naugust 24 2016 control recorded 33% % awe 2019s net earnings recognized 100% sales 51% operating profit.\n 201cstep acquisition.\n assets liabilities fair value.\n recorded intangible assets $ 243 million $ 32 million net liabilities noncontrolling interests $ 107 million.\n amortized eight years.\n recognized non-cash net gain $ 104 million controlling interest $ 127 million pretax gain $ 23 million tax-related items.\n gain fair value 51% 51 % interest less investment deferred taxes.\n gain recorded consolidated statements earnings.\n fair value determined income.\n august 16 2016 former is&gs business reverse morris trust transaction.\ntransaction completed multi-step contributed is&gs business to abacus innovations corporation wholly owned subsidiary lockheed martin common stock abacus distributed to lockheed martin stockholders exchange offer.\n exchange martin stock for abacus stock.\n shares abacus exchanged for 9369694 shares lockheed martin.\n shares retired reducing common stock outstanding 3%.\n abacus merged with leidos surviving wholly-owned subsidiary leidos.\n each share abacus common stock converted into leidos common stock.\n shares leidos hold.\n exchange offer merger tax-free transactions except cash paid fractional shares.\n abacus borrowed $ 1. 84 billion one-time special cash payment $ 1. 80 billion to lockheed martin borrowing fees expenses.\ncash payment debt dividends stock quarters.\n obligations abacus loan guaranteed leidos."
}
{
    "_id": "dd4b9df82",
    "title": "",
    "text": "operated factory stores march 29 2014.\n americas 150\n 50\n asia 35\n 235\n australia china hong kong japan malaysia south korea taiwan.\n stores menswear womenswear childrenswear accessories home furnishings fragrances.\n 2700 to 20000 square feet average 10400 outlet centers 40 states. canada puerto.\n accessories furnishings fragrances.\n 1400 to 19700 average 7000 12 countries major outlet centers.\n.\n 1100 to 11800 square feet 6200 square feet china japan kong cities.\n.\n suppliers licensing partners retail stores e-commerce secondary distribution channel excess out-of-season.\nconcession-based shop-within-shops inventory owned by us not department store until sale to end consumer.\n salespeople our employees not department store.\n of march 29  2014 503 concession-based shop-within-shops at 243 retail locations in asia australia new zealand europe.\n size ranges 140 to 7400 square feet.\n share cost building with department store partners.\n e-commerce websites retail segment sells products online through e-commerce channel north american e-commerce sites. club monaco site canada. lauren e sites in. belgium sites in asia. japan\n sites. offer access to ralph lauren supply apparel  accessories fragrance home products reinforce luxury image.\ninvesting e-commerce extension omni-channel strategy retail business interdependent physical stores.\n club monaco e-commerce sites.\n canada access monaco womenswear menswear accessories online exclusives."
}
{
    "_id": "dd4b8f1c6",
    "title": "",
    "text": "unregistered securities.\n repurchase equity securities table purchases equity october 1 to december 31 2016.\n average price plans programs maximum dollar value.\n average price dollar value\n october 1 - 31 2099169 $ 22. $ 218620420\n november 1 - 30 1454402 $ 22. 1453049 $ 185500851\n december 1 - 31 1269449 $. $ 155371301\n 4823020 $ 22.\n shares common stock $ 0. 10 per share withheld employee stock compensation plans tax withholding obligations.\n repurchased no withheld shares october 2016 1353 november 10749 december 2016 total 12102 withheld shares.\naverage price per share fiscal quarter three-month period calculated tax withholding obligations paid shares acquired repurchase program note 5 withheld acquired repurchase program.\n february 2016 board authorized repurchase program $ 300. 0 million common stock.\n february 10 2017 board approved new repurchase program $ 300. 0 million common stock.\n new authorization addition 2016.\n no expiration date."
}
{
    "_id": "dd4c14416",
    "title": "",
    "text": "abiomed.\n subsidiaries financial statements 2014.\n commitments contingencies applies disclosure provisions.\n 45 guarantor 2019s guarantees indebtedness fasb statements.\n 5 57 107 rescission.\n 34.\n agreements guarantee indemnification clauses.\n provisions expand sfas.\n guarantors guarantees.\n company guarantor.\n indemnifications indemnifies patent infringement.\n indemnifications limits.\n incurred costs defend lawsuits settle patent infringement claims.\n.\n intellectual property indemnifications require disclosure.\n agreements underwriters contractors sites customers.\n indemnifies holds harmless indemnified party losses.\n provisions survive termination.\n maximum future payments unlimited.\n incurred costs defend lawsuits settle claims agreements.\n estimated fair value minimal.\ncompany no liabilities for agreements as march 31 2008.\n study abiomed indemnify institutions losses personal injury.\n limits.\n incurred material costs indemnification.\n facilities leases leases facilities facility danvers massachusetts terms through 2010.\n lease may extended five years monthly rent charges current rental values.\n lease aachen location expires december 2012.\n total rent expense leases $ 2. 2 million  $ 1. 6 million $ 1. 3 million for fiscal years 2008 2007 2006.\n future minimum lease payments non leases as fiscal year ending operating leases.\n 2009 2544\n 2010 2220\n 2011 1287\n 2012 973\n 2013 730\n 2014\n lease $ 7754\ncompany involved in legal administrative proceedings claims.\n litigation uncertainty management believes outcome proceedings not company 2019s financial position cash flow results."
}
{
    "_id": "dd4c4dfcc",
    "title": "",
    "text": ".\n offices boston southborough woburn atlanta mexico city sao paulo.\n details.\n location function size interest\n boston corporate headquarters 30000\n southborough data center 13900\n woburn administration 34000\n atlanta services accounting 17900 4800\n mexico city headquarters 12300\n sao paulo brazil 3200\n 30000 square feet consolidating 20000 square feet 2004 remaining 10000 square feet re-lease sub-lease.\n seven offices states.\n ontario marietta georgia crest hill worcester new hudson pleasant kent.\n smaller field offices.\n fee leasehold land buildings.\n15000 towers 16% ( 16 % 84% leasehold interests long rights for third parties.\n wireless communications site 10000 square foot tract towers equipment shelters wires broadcast tower site up to twenty-acres.\n less than 2500 square feet for monopole self-supporting tower.\n land leases initial five years three renewal periods five years twenty to-five years.\n lenders have liens on towers leasehold interests tenant leases contracts management.\n owned leased facilities needs.\n.\n in claims lawsuits.\n no matters impact on financial position results operations liquidity.\n.\n submission to vote of security holders"
}
{
    "_id": "dd4c246b8",
    "title": "",
    "text": "company 2019s stock performance graph compares return common stock nasdaq stock market-united states biotechnology index.\n $ 100 invested july 31 2001 2019s common stock nasdaq biotechnology index reinvestment dividends.\n comparison 65 month return alexion. nasdaq composite index biotechnology index.\n.\n alexion pharmaceuticals. 108. 102. 167. 130. 260. 483.\n composite. 128. 142. 164. 168. 187. 204.\n biotechnology. 149. 146. 176. 186. 183. 187."
}
{
    "_id": "dd4c57766",
    "title": "",
    "text": "hedges $ 41. 2 million $ 42. 1 million.\n fair value balance sheets october 29 2011 2010.\n june 30 2009 interest rate swap transactions. senior unsecured notes swapped $ 375 million fixed rate debt. floating interest rate debt july 1 2014.\n $ 375 million 5. 0%. annual interest two installments january july maturity $ 375 million annual three month libor plus 2. 05%. 42% interest four installments january april july october maturity.\n libor rate set quarterly three months.\n swaps fair value hedges.\n value inception zero changes reflected carrying value balance.\n adjusted equal offsetting.\n gain loss hedged fixed-rate borrowings benchmark interest rate risk gain loss swaps fiscal 2011 2010.\nincome classification loss on swaps gain note net income effect loss\n ----------------------------------\n other income $ -4614 ( 4614 ) $ 2014 $ 20692\n amounts earned owed under swap agreements accrued each reported in interest expense.\n no ineffectiveness.\n market risk instruments results from currency exchange rate interest rate movements risk assets liabilities hedged.\n counterparties major international financial institutions high credit ratings.\n significant risk nonperformance.\n derivative transactions subject to collateral security arrangements provisions dependent on credit ratings.\n contract amounts derivative instruments volume represent exposure to credit risk.\n amounts credit risk inability counterparties limited to obligations exceed obligations company.\n risk counterparty default significant.\ncompany records value derivative instruments statements.\n changes value recognized earnings equity.\n cash flow hedges recorded oci reclassified earnings contract matures.\n not reported earnings.\n october 29 2011 2010 $ 375 million interest rate swap agreements fair value hedges $ 153. 7 million $ 139. 9 million cash flow hedges euros pounds analog devices.\n financial statements 2014"
}
{
    "_id": "dd4b8d39e",
    "title": "",
    "text": "table summarizes changes company valuation allowance.\n balance january 1 2011 $ 23788\n increases 1525\n decreases -3734\n balance december 31 2011 $ 21579\n increases\n decreases\n balance december 31 2012 $ 19520\n increases\n decreases -5965\n balance december 31 2013 $ 13555\n discrete tax benefit $ 2979 entity re-organization net operating loss carryforwards valuation allowance.\n maintains noncontributory defined benefit pension plans.\n based years service.\n plans closed.\n 2006.\n 2001 accrued benefit frozen receive sum termination retirement.\n non-union. 25%. base pay contribution plan.\n multiemployer plan.\n minimum employee retirement income security act 1974.\n additional contributions avoid restrictions pension protection act 2006.\ncompany increased contributions financial requirements 2019.\n pension plan assets invested investments equity bond funds fixed income securities interest contracts insurance real estate trusts.\n pension expense deferred subsidiaries recovery.\n unfunded pension plans retirement benefits.\n maintains postretirement benefit plans medical life insurance.\n closed union employees 2006.\n non-union 2002.\n postretirement benefit costs.\n assets invested equity bond fixed income securities."
}
{
    "_id": "dd4baa80e",
    "title": "",
    "text": "-party sales increased 4% 2014 higher volumes acquisition firth rixson.\n aerospace transportation lower volumes industrial gas turbine.\n engineered products solutions segment increased $ 16 2015 net productivity inorganic growth higher volumes.\n offset unfavorable price/product mix higher costs foreign currency weaker euro.\n climbed $ 10 2014 productivity higher volumes costs demand commercial aerospace strong order backlog.\n-party sales positive impact acquisitions rti tital.\n net productivity improvements pricing pressure.\n transportation construction solutions.\n third-party sales $ 1882 $ 2021 $\n alcoa downstream operations nonresidential building construction commercial transportation markets.\n integrated aluminum structural systems architectural extrusions forged aluminum commercial vehicle wheels.\n part industrial.\nsales costs expenses transacted local currency.\n dollar euro brazilian real.\n third-party sales transportation construction solutions decreased 7% 2015 foreign currency movements weaker euro real lower volume building higher commercial transportation.\n third-party sales increased 4% 2014 2013 higher volume lower industrial.\n transportation construction solutions declined $ 14 2015 higher costs foreign currency movements weaker euro real unfavorable price/product mix.\n offset productivity improvements.\n improved $ 13 2014 higher volumes unfavorable product mix higher costs.\n non building construction market north america offset weakness.\n"
}